Coforge has successfully completed its open offer to acquire an additional 4.69% stake in Cigniti Technologies at Rs 1,415 per share. This increases Coforge’s total shareholding in Cigniti to 32.68%, up from 27.98%. In an exchange filing dated November 20, Coforge said it had acquired 12,80,374 equity shares. Further, 865 more shares are under process […]
Coforge Completes Open Offer for Cigniti, Stake Rises to 32.68% Read More »
Agrochemical company UPL Ltd plans to raise up to Rs 3,378 crore through a rights issue by offering 9.38 crore partly paid equity shares at Rs 360 each. The issue price represents a 34% discount to the closing price of Rs 545.5 on November 19. Eligible shareholders can subscribe to one equity share for every
UPL to Raise Rs 3,378 Crore via Rights Issue at Rs 360 per Share Read More »
Godrej Properties has expanded its footprint in Kolkata by acquiring a 53-acre land parcel in the fast-growing Joka micro-market. The company plans to develop residential plots on this site, targeting an estimated ₹500 crore in revenue, the company announced on November 20, 2024. Project Highlights Statement from Leadership Gaurav Pandey, MD & CEO of Godrej
Godrej Properties Acquires 53-Acre Plot in Kolkata’s Joka, Eyes ₹500 Crore Revenue Read More »
Jaipur-based bio-fuel producer, Rajputana Biodiesel, is entering the capital market with an initial public offer to raise ₹24.7 crore commencing on November 26, 2024 and will remain open for public subscription up to November 28. Its issues are priced in the range of ₹123-₹130 per share. Listing will take place on December 3, on NSE
Rajputana Biodiesel IPO to Open on November 26: Key Details Read More »
Shares of ITI Ltd would be in the spotlight on November 19 after the company received an order value of ₹95 crore from the Directorate of Geology & Mining, Government of Uttarakhand. The order is circulated for the MDTSS project regarding illegal mining and to increase the state government’s revenue. Project Highlights Revenue Implications The
ITI Shares in Spotlight on ₹95 Crore Contract Win in Uttarakhand Read More »
Waaree Energies reported a 14.77% YoY rise in net profit at ₹361.65 crore for the three months ended September of FY25 as compared to ₹315.09 crore for the corresponding period a year ago. However, net profit of the company declined sequentially from ₹394.14 crore in Q1FY25. Revenue Highlights The company’s revenue from operations was largely
India is on track to overtake Japan in nominal Gross Domestic Product (GDP) rankings, driven by sustained economic growth and a stable currency, while Japan faces stagnation and a weakening yen. Key Predictions: Current Scenario: In 2023, India’s GDP stood at $3.55 trillion, while Japan’s was $4.22 trillion, according to World Bank data. The IMF
India Poised to Surpass Japan in Nominal GDP Rankings by 2025 Read More »
Shares of Muthoot Finance surged nearly 8% on November 18, driven by robust quarterly performance, a significant milestone of crossing ₹1 lakh crore in Assets Under Management (AUM), and strong growth in gold loans. The demand for gold loans has picked up, partly due to the Reserve Bank of India’s (RBI) tightened regulations on unsecured
Muthoot Finance Shares Jump 7% as AUM Crosses ₹1 Lakh Crore Amid Gold Loan Surge Read More »
Shares of Crompton Greaves Consumer Electrical surged 7% after the company reported a strong financial performance for the July-September quarter of FY25. At 1:40 PM, the stock was trading 4% higher at ₹385. On a year-to-date basis, Crompton Greaves shares have gained 23%, outperforming the Nifty 50 index, which has risen by 8% during the
Crompton Greaves Shares Rise 7% on Strong Q2 Earnings Growth Read More »
Man Infraconstruction Ltd (MICL) reported a 7% increase in revenue to ₹230.32 crore for the September 2024 quarter, driven by strong growth in its real estate segment. The company’s real estate revenue surged 65.71% YoY to ₹154.74 crore. However, higher expenses, which climbed to ₹207 crore from ₹159 crore in the same period last year,
Man Infra Shares Rise as Firm Focuses on Mumbai Luxury Segment; Q2 Revenue Up 7% Read More »
