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Gensol Engineering Shares Surge Over 3% on Securing Rs 186 Crore Solar Contract in Duba

Gensol Engineering Shares Surge Over 3% on Securing Rs 186 Crore Solar Contract in Duba

/ Indian Market /

Gensol Engineering’s stock jumped over 3% on Monday after the company secured a Rs 186 crore contract for a 23 MWp rooftop solar project in Dubai. The renewable energy firm won the order from a sustainable development company in the UAE, tasked with designing, constructing, and maintaining rooftop solar photovoltaic (PV) systems for a major […]

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Hindustan Aeronautics Achieves 'Maharatna' Status, Becoming 14th PSU; Shares Climb Nearly 2%

Hindustan Aeronautics Achieves ‘Maharatna’ Status, Becoming 14th PSU; Shares Climb Nearly 2%

/ Indian Market /

Shares of Hindustan Aeronautics Ltd. (HAL) rose by 1.9% to trade at Rs 4,519.95 on October 14 after the state-owned defense company was upgraded to ‘Maharatna’ status by the Department of Public Enterprises. HAL becomes the 14th public sector undertaking (PSU) to receive this prestigious status, which grants greater operational autonomy and financial power. With

Hindustan Aeronautics Achieves ‘Maharatna’ Status, Becoming 14th PSU; Shares Climb Nearly 2% Read More »

Oil Prices Drop Over $1 Amid China's Deflation Concerns and Uncertain Stimulus Plans

Oil Prices Drop Over $1 Amid China’s Deflation Concerns and Uncertain Stimulus Plans

/ Indian Market /

Oil prices fell more than $1 per barrel in early trading on Monday, with Brent crude futures down 1.59% to $77.78 and U.S. West Texas Intermediate crude futures slipping 1.59% to $74.36. The decline came as disappointing inflation data from China fueled demand concerns, while the lack of clarity on Beijing’s economic stimulus plans added

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HAL Elevated to ‘Maharatna’ Status, Joining the Elite Group of PSUs

/ Indian Market /

Hindustan Aeronautics Limited (HAL) has officially been upgraded to Maharatna Central Public Sector Enterprise (CPSE) status. The Department of Public Enterprises announced this milestone on October 12, following the approval from Finance Minister Nirmala Sitharaman. This marks a significant achievement for HAL as it becomes the 14th PSU to attain this prestigious status. The proposal

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Sudarshan Chemical Shares Surge 20% on Acquisition of Heubach's Global Pigment Business for ₹1,180 Crore

Sudarshan Chemical Shares Surge 20% on Acquisition of Heubach’s Global Pigment Business for ₹1,180 Crore

/ Indian Market /

Shares of Sudarshan Chemical Industries soared 20 percent on October 11, hitting the upper circuit, after the company announced that its unit had acquired Heubach’s global pigment business for ₹1,180 crore. The stock reached a fresh 52-week high of ₹1,217.50 per share on the NSE following the news. Heubach, a key player in the specialty

Sudarshan Chemical Shares Surge 20% on Acquisition of Heubach’s Global Pigment Business for ₹1,180 Crore Read More »

Chennai Petroleum Seeks $3.3 Billion Loan for Major Refinery Project

Chennai Petroleum Seeks $3.3 Billion Loan for Major Refinery Project

/ Indian Market /

Chennai Petroleum Corporation is in discussions with banks to secure a ₹28,000 crore ($3.3 billion) loan for constructing a large-scale oil refinery in southern India, according to sources familiar with the matter. The loan, which would be the second-largest local-currency financing in India this year, is expected to be led by the State Bank of

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IREDA Shares Climb After Strong Q2 Earnings; Stock Up 125% YTD

IREDA Shares Climb After Strong Q2 Earnings; Stock Up 125% YTD

/ Results /

Shares of Indian Renewable Energy Development Agency (IREDA) rose on October 11 following the release of its strong second-quarter earnings report. The company’s net profit jumped 36 percent year-on-year (YoY) to ₹387.75 crore, driven by higher revenues, reinforcing investor confidence. Total income from operations surged 38 percent YoY to ₹1,630.38 crore, while the company’s net

IREDA Shares Climb After Strong Q2 Earnings; Stock Up 125% YTD Read More »

Ashoka Metcast Shares Hit 20% Upper Circuit After Q2 Profit Surges 894% YoY

Ashoka Metcast Shares Hit 20% Upper Circuit After Q2 Profit Surges 894% YoY

/ Results /

Shares of Ashoka Metcast surged by 20 percent on October 11, reaching the upper circuit, following the announcement of an impressive 894.29 percent year-on-year (YoY) jump in net profit to ₹3.48 crore for the quarter ended September 2024. The company also saw a significant increase in sales, growing 142.47 percent YoY to ₹14.33 crore. In

Ashoka Metcast Shares Hit 20% Upper Circuit After Q2 Profit Surges 894% YoY Read More »

Oberoi Realty to Raise Up to Rs 6,000 Crore via Private Placement of Securities

Oberoi Realty to Raise Up to Rs 6,000 Crore via Private Placement of Securities

/ Indian Market /

On October 10, Oberoi Realty’s Board approved a plan to raise up to Rs 6,000 crore through the issuance of equity shares or other securities. The fundraising will be done in tranches via private placements, including the option of a Qualified Institutions Placement (QIP), with the price being determined based on prevailing market conditions and

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