Hyundai Motor India Ltd’s (HMIL) Rs 27,870 crore initial public offering (IPO) saw a twofold subscription on its last day of bidding, Thursday. As of 2 PM, NSE data showed bids for 19.96 crore shares against 9.98 crore shares on offer. The Qualified Institutional Buyers (QIBs) category drove demand, with 5.93 times subscription, while Retail […]
Akums Drugs and Pharmaceuticals announced on Wednesday that it has signed a licensing agreement with Canada-based Triple Hair Inc. Under the agreement, Akums has been granted exclusive rights to further develop and market Triple Hair’s recently innovated products in India. The company will then go ahead with development and commercialization upon receipt of the required
Shares of Railtel Corporation of India surged 10 percent to Rs 449 on October 16 after the company secured a Rs 79.8 crore order from the Maharashtra Housing And Area Development Authority (MHADA). The contract involves establishing, migrating, and managing cloud-based data centers and disaster recovery sites for MHADA. The company’s stock had declined by
Railtel Shares Surge 10% Following Rs 80 Crore Order from MHADA Read More »
Rail Vikas Nigam Ltd (RVNL) shares are in the spotlight on October 17, following the company’s successful bid for a Rs 270 crore project from Maharashtra Metro Rail Corporation. The contract entails constructing 10 elevated metro stations within a 30-month timeframe from the contract award date. The project includes seven elevated stations in Reach 3A—Hingna
RVNL Shares in Focus After Securing Rs 270 Crore Metro Rail Project Read More »
Ircon International’s stock is drawing attention as the company signed a Memorandum of Understanding (MoU) with Patel Engineering Limited. The partnership aims to collaborate on and jointly execute infrastructure projects in India and overseas. The agreement is set to enhance both companies’ business prospects by exploring new infrastructure opportunities. Additionally, the stock is in focus
Ircon International signed MoU with Patel Engineering for Infrastructure Projects Read More »
KBC Global, a construction and infrastructure company, has announced plans to raise up to Rs 100 crore through an equity share issue to reduce its debt burden. The company’s board is set to meet later today to consider and approve the fundraising proposal, which may involve methods such as preferential allotment or issuing warrants, according
KBC Global to Raise Rs 100 Crore for Debt Reduction, Plans Equity Share Issue Read More »
Akums Drugs and Pharmaceuticals announced on October 16 that it has entered into a licensing agreement with Canadian company Triple Hair Inc. The deal grants Akums exclusive rights to further develop and market Triple Hair’s recently innovated products in India, as stated in a regulatory filing. Under the said agreement, Akums would be undertakings development
Akums Drugs Signs Licensing Agreement with Canadian Firm Triple Hair Inc. Read More »
Shares of Railtel Corporation of India surged 10% to Rs 449 during afternoon trading on October 16, after the company secured a Rs 79.8 crore order from the Maharashtra Housing and Area Development Authority (MHADA). The contract involves establishing, migrating, and managing cloud-based data centers and disaster recovery sites for MHADA. Despite a 21% decline
Railtel Corporation Shares Surge 10% Following Rs 80 Crore Order Win from MHADA Read More »
Shares of Cochin Shipyard fell over 4% on October 16, as the government launched an offer-for-sale (OFS) to offload a 5% stake in the public sector company. The OFS is priced at a floor of Rs 1,540 per share, reflecting a 7% discount from the last closing price. The offer includes a base 2.5% stake,
Cochin Shipyard Drops 4% as Government’s 5% Stake Sale via OFS Begins at Discount Read More »
BEML, a prominent player under the Ministry of Defence, has secured a Rs 866.87-crore contract from Integral Coach Factory (ICF), Chennai, to build India’s first indigenous bullet train sets. The contract includes the design, manufacturing, and commissioning of two high-speed train sets, each consisting of eight cars, with a top speed of 280 kmph. The
BEML Secures Rs 866.87 Crore Contract for India’s First Indigenous Bullet Train Sets Read More »
