Indian Market

Data Patterns DRDO

Data Patterns Rise 6% on DRDO Project Approval; Six Other Winners Announced

/ Indian Market, Must Read

Data Patterns (India) saw its shares surge by over 6% following the Defence Research & Development Organisation (DRDO) sanctioning a new project under the Technology Development Fund (TDF) scheme. The Chennai-based company has been tasked with developing a Radar Signal Processor. DRDO has awarded a total of seven projects focused on the aerospace and defense […]

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SBI Raises Rs 10,000 Crore

SBI Raises Rs 10,000 Crore at 7.36% Coupon Through 15-Year Infra Bonds

/ Indian Market, Must Read

The State Bank of India (SBI), the country’s largest lender, has successfully raised Rs 10,000 crore through 15-year infrastructure bonds at a coupon rate of 7.36 percent, the bank announced on Wednesday. This marks SBI’s sixth infrastructure bond issuance in recent months. The latest issue brings SBI’s total outstanding long-term bonds to Rs 59,718 crore.

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RVNL Contract

RVNL Wins ₹202.87-Crore South Eastern Railway Project

/ Indian Market, Must Read

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

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RPP Infra Project

RPP Infra Projects Secures ₹310 Crore in Orders, Shares Surge 11%

/ Indian Market

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

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L&T Semiconductor Acquires SiliConch

L&T Semiconductor Acquires SiliConch for Rs 133 Crore to Strengthen Chip Design Capabilities

/ Indian Market

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

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L&T Secures Mega Solar PV Orders in the Middle East

/ Indian Market

Larsen and Toubro Ltd. (L&T) announced that its renewable energy arm has secured ‘mega’ orders from a leading developer in the Middle East to construct two gigawatt-scale solar PV plants with a cumulative capacity of 3.5 GW. L&T classifies ‘mega’ orders as those ranging from ₹10,000 crore to ₹15,000 crore. The project scope includes grid

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SEBI Conducting ‘Surprise’ Inspections, Gathering Info on Deals, Trades, Brokers; Leading Mutual Funds Under Radar: Report

SEBI Conducting ‘Surprise’ Inspections, Gathering Info on Deals, Trades, Brokers; Leading Mutual Funds Under Radar

/ Indian Market, Mutual Funds

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

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