Shares of Waaree Energies surged by 7.2% to Rs 3,185 on December 10, marking a five-day winning streak after securing an order to supply up to 1 GW of solar modules. The order, from a leading renewable energy company in India, is scheduled for delivery in FY25 and FY26, as per the company’s filing. The […]
Waaree Energies Shares Jump 7% as Firm Secures 1 GW Solar Module Order Read More »
Continuum Green Energy, supported by Just Climate and Morgan Stanley Infrastructure Partners, has filed draft papers with SEBI for an IPO to raise Rs 3,650 crore. The offer comprises a fresh issue of Rs 1,250 crore and an offer-for-sale of Rs 2,400 crore by promoter entity Continuum Green Energy Holdings Limited. Proceeds from the issue
Bharat Electronics Limited (BEL) shares are set to remain in focus on December 10 as the company announced securing a new order worth Rs 634 crore. The order includes maintenance of the Akash Missile System, telescopic sights for guns, communication equipment, jammers, electronic voting machines, and spares, among other products and services. With this latest
Bharat Electronics Shares Under Spotlight After Securing Rs 634 Crore Order Read More »
Sanjay Malhotra, currently the Revenue Secretary, has been appointed as the next Governor of the Reserve Bank of India (RBI) for a three-year term. He will take over from the outgoing Governor, Shaktikanta Das, on December 11, according to a notification issued by the Department of Personnel and Training on December 9. About Sanjay Malhotra
Sanjay Malhotra Appointed as RBI Governor for Three-Year Term Read More »
Hyundai Motor India Ltd (HMIL) announced plans to enhance the country’s electric vehicle (EV) charging infrastructure by installing nearly 600 fast-charging stations nationwide over the next seven years. The initiative aims to address consumer concerns about long-distance EV commutes due to limited highway charging options. The company intends to use its global EV and battery
Hyundai Motor India to Strengthen EV Charging Network with 600 Fast Chargers by 2030 Read More »
On December 9, Vodafone Idea’s board approved a proposal to raise Rs 1,980 crore through the issuance of 176 crore shares on a preferential basis. The shares will be priced at Rs 11.28 each. The fundraising includes Rs 1,280 crore from Omega Telecom and Rs 700 crore from Usha Martin Telematics, both part of the
Vodafone Idea Approves Rs 1,980 Crore Fundraising via Preferential Issue Read More »
Shares of Godrej Consumer Products Limited tumbled over 9% on December 9 after the company gave a cautious outlook for the October-December quarter. The company expects mid-single-digit sales growth for Q3 and has flagged subdued economic demand conditions. It has also warned of a “temporary downward breach” in its operating margins for the quarter, along
Godrej Consumer Shares Drop 9% After Q3 Growth Warning Read More »
Investors, led by the People Activism Forum, have petitioned the Delhi High Court to direct the Securities and Exchange Board of India (Sebi) to approve the National Stock Exchange’s (NSE) long-awaited initial public offering (IPO). The plea follows Sebi’s reluctance to issue a no-objection certificate (NOC) despite NSE reapplying on August 27, according to a
Investors File Plea in Delhi HC Urging Sebi to Approve NSE IPO Read More »
Flipkart, India’s leading e-commerce platform, is preparing for an initial public offering (IPO) in the next 12-15 months, with plans to shift its corporate domicile from Singapore to India, according to reports. The Walmart-owned company, valued at $36 billion, has reportedly secured internal approvals for this strategic move, which aligns with its vision to list
Flipkart Plans IPO by 2026, Shifts Base to India for Domestic Listing: Report Read More »
Paytm’s wholly-owned subsidiary, One97 Communications Singapore Pvt Ltd (Paytm Singapore), announced the sale of its Stock Acquisition Rights (SARs) in Japan’s PayPay Corporation to SoftBank Vision Fund 2. The deal, valued at ¥41.9 billion (approximately ₹2,364 crore), is expected to conclude by December 2024, pending corporate approvals and other customary conditions. Deal Highlights Paytm’s Continued
Paytm Singapore to Sell Stock Acquisition Rights in PayPay for ₹2,364 Crore Read More »
