TD Power Systems has signed a five-year contract to supply traction motors to Europe, anticipating a business volume of Rs 300 crore from the agreement. The initial order, worth Rs 18 crore, is scheduled for delivery in April 2025. Shares of the company rose over 2% in mid-day trading on October 21 following the announcement. […]
TD Power Secures Rs 300 Crore Traction Motor Deal with European Client Read More »
The Securities and Exchange Board of India (SEBI) has granted approval for initial public offerings (IPOs) by Niva Bupa Health Insurance Company and Paras Healthcare. Observation letters, signalling clearance for the companies to proceed with their IPO plans, were issued by the regulator on October 18. Niva Bupa filed its draft red herring prospectus on
Niva Bupa Health Insurance and Paras Healthcare Secure SEBI Approval for IPO Launches Read More »
UltraTech Cement reported a sharper-than-expected 36% decline in its net profit for the second quarter of FY25, amounting to ₹820 crore, compared to ₹1,280 crore in the same period last year. The drop was attributed to weak demand caused by monsoon-related project delays and a slowdown in construction activities, which affected price realisations. Analysts had
UltraTech Cement’s Q2 Net Profit Drops 36% to ₹820 Crore Amid Slowdown in Demand Read More »
Hyundai Motor India Ltd (HMIL) is set to list its shares on the BSE and NSE on October 22, following a strong 237% subscription for its Rs 27,870 crore Initial Public Offering (IPO). While the IPO saw limited interest from retail investors, it gained significant traction from Qualified Institutional Buyers (QIBs), with the QIB portion
Hyundai Motor India IPO Shows Signs of Recovery Ahead of Listing, GMP Back in Green Read More »
Waaree Energies, a key player in the solar energy sector, launched its Rs 4,321 crore Initial Public Offering (IPO) on October 21, and it saw a great response. Within the first two hours of opening, the IPO was fully subscribed, receiving bids for 2.12 crore shares compared to the 2.1 crore shares available, according to
Oberoi Realty’s stock rose over 3% on October 21 after the company reported strong performance from its new Thane project, which saw gross bookings worth ₹1,348 crore within the first three days of launch. The Mumbai-based real estate developer also announced a 29% year-on-year increase in its consolidated net profit for the second quarter, reaching
Oberoi Realty Shares Climb 3% on Thane Project Success; Q2 Profit Surges 29% Read More »
Adar Poonawalla’s Serene Productions has entered into a strategic agreement to acquire a 50% stake in Karan Johar’s Dharma Productions and its digital content arm, Dharmatic Entertainment, for ₹1,000 crore. Karan Johar will retain 50% of his remaining ownership and continue as the executive chairman, while Apoorva Mehta will remain the production house’s chief executive
Adar Poonawalla Acquires 50% Stake in Dharma Productions for ₹1,000 Crore Read More »
Shares of PNC Infratech dropped 20% to hit the lower circuit at ₹366 on October 21, following a one-year disqualification from participating in tenders issued by the Ministry of Road Transport & Highways. The ban, which came into effect on October 18, 2024, also extends to the company’s subsidiaries, PNC Khajuraho Highways and PNC Bundelkhand
PNC Infratech Plummets 20% After One-Year Ban from Road Ministry Tenders Read More »
Afcons Infrastructure Ltd has announced a price band of ₹440-₹463 per share for its upcoming initial public offering (IPO), set to open on October 25. Anchor investors can bid starting on October 24, and the IPO will close on October 29. IPO Structure and Shareholding The public issue comprises a fresh issuance of equity shares
Afcons Infrastructure Sets IPO Price Band at ₹440-₹463 per Share Read More »
Garden Reach Shipbuilders & Engineers (GRSE) will be in focus on October 21 after securing a significant Letter of Intent (LoI) from the Ministry of Defence. The ₹491 crore contract entails the design, development, construction, integration of equipment, testing, certification, and commissioning of an Acoustic Research Ship (ARS) within a 36-month timeline. Recent Contracts and
Garden Reach Shipbuilders Secures ₹491 Crore Contract from Ministry of Defence Read More »
