On July 10, Glenmark Pharma announced that its board approved selling 7.84% of its shares in Glenmark Life Sciences. The board agreed to sell up to 96,09,571 shares through the stock exchange. Glenmark Pharma shared this news in a filing. On the same day, Glenmark Life Sciences’ shares closed 1.2% lower at Rs 878 each […]
Glenmark to Sell 7.84% of Life Sciences Unit Read More »
MUMBAI, July 10, 2024 – Bansal Wire Industries, a major player in the stainless steel wire manufacturing sector, made a spectacular debut on the National Stock Exchange (NSE). The company’s shares were listed at Rs 356, a 39% premium over the issue price of Rs 256, following its successful Initial Public Offering (IPO). The IPO,
Bansal Wire IPO Soars with 39% Premium Listing on NSE Read More »
MUMBAI, July 9, 2024 – The Canada Pension Plan Investment Board (CPPIB) plans to sell its entire 3.18% stake in the logistics company Delhivery through block deals on July 10, as reported by CNBC-TV18. Sources indicate that the block deal will be valued at approximately Rs 886 crore. Shares will be offered in the price
Canada Pension Plan Investment Board Likely to Sell Entire Stake in Delhivery Read More »
State-owned Rail Vikas Nigam Ltd (RVNL) has clinched a significant contract worth ₹202.87 crore from the South Eastern Railway. The project, announced on July 9, involves the design, supply, erection, testing, and commissioning of a 132 KV traction substation, sectioning posts (SPs), and sub-sectioning posts (SSPs) in a 2x25KV system along the Kharagpur-Bhadrak section of
RVNL Wins ₹202.87-Crore South Eastern Railway Project Read More »
Shares of RPP Infra Projects Ltd. soared by as much as 11% on Tuesday following the announcement of new order wins totalling ₹310 crore. The company received a Letter of Acceptance for the construction of a new district jail in Hapur, Uttar Pradesh, under an Engineering, Procurement, and Construction (EPC) model. This project is valued
RPP Infra Projects Secures ₹310 Crore in Orders, Shares Surge 11% Read More »
Shares of GM Breweries Ltd. experienced a notable recovery from earlier lows to post gains on Tuesday following the announcement of the company’s June quarter results. For the April-June period, GM Breweries reported a net profit of ₹24.9 crore, marking a substantial 25% increase compared to the same period last year. The company also saw
GM Breweries Q1 Results: Robust Revenue Growth by 3.8% Read More »
L&T Semiconductor Tech, a wholly owned subsidiary of Larsen & Toubro (L&T), has announced its acquisition of SiliConch Systems, a fabless semiconductor design company. The acquisition deal is valued at Rs 133 crore upfront, with an additional deferred payment of Rs 50 crore to be made over the next four years, according to an exchange
Shares of Shalby Ltd. dropped nearly six percent following the company’s announcement of a significant 20 percent decrease in consolidated net profit for Q1 FY25, which fell to Rs 16.6 crore from Rs 20.8 crore in the corresponding period last year. At 2:05 PM, Shalby’s shares were trading down by 2.4 percent at Rs 303.
Shalby Shares Down 6% as Q1 Net Profit Falls 20%, Marking Significant Financial Setback Read More »
The Union Budget 2024-25 will be presented in the Lok Sabha on July 23, confirmed by Parliamentary Affairs Minister Kiren Rijiju. In a post on X, he stated that the President of India, upon the recommendation of the Union Government, has sanctioned the proposal for summoning both Houses of Parliament for the Budget Session from
Union Budget 2024 Date Announced: Live Updates Read More »
The Securities and Exchange Board of India (SEBI) has recently intensified its regulatory efforts by conducting surprise inspections on several brokers and mutual funds involved in block deals and concurrent trades. These inspections are part of a broader initiative to curb market malpractices and ensure greater transparency in trading activities. SEBI’s actions come in response
