Larsen & Toubro (L&T) Ltd. is set to invest over $300 million to establish a fabless chip company, marking its entry into India’s burgeoning semiconductor sector. The company plans to channel the funds over three years to develop 15 chip designs by the end of 2024, with a target to start sales by 2027, according […]
Shares of Arvind Fashions surged nearly 5 percent during the pre-market session on Wednesday, September 11, after a significant transaction worth over Rs 250 crore took place on the stock exchanges. A total of 43.5 lakh shares, equivalent to 3.3 percent equity, changed hands at Rs 575 per share in the block deal window. The
Suzlon Energy shares continued their upward trajectory on September 11, rising 5 percent to hit the upper circuit. The stock has been gaining momentum after Morgan Stanley reaffirmed its ‘overweight’ rating, driven by the company’s recent win of India’s largest wind energy order from NTPC Green Energy Ltd, a subsidiary of NTPC Ltd. Suzlon has
Suzlon Energy Shares Surge 5% Again; Multibagger Stock Rises 241% in a Year Read More »
Renewable energy firm Gensol Engineering and hydrogen infrastructure developer Matrix Gas are set to launch India’s first Green Hydrogen Valley project in Pune, Maharashtra. The project will be built on a Build Own and Operate (BOO) model and will supply green hydrogen to the specialty chemical sector for 20 years. In a stock exchange filing
Gensol Engineering to Establish India’s First Green Hydrogen Valley Project in Pune Read More »
Shares of IREDA are set to continue their rally on September 11 after the company announced that its wholly-owned subsidiary, IREDA Global Green Energy Finance IFSC Ltd, has received provisional registration as a finance company from the International Financial Services Centre Authority (IFSCA) at GIFT City in Gujarat. This registration enables IREDA to expand its
On September 10, US defense giant Lockheed Martin announced an expanded partnership with Tata Advanced Systems Ltd (TASL) to advance the C-130J Super Hercules tactical airlifter project in India. The announcement follows recent discussions between Indian Defence Minister Rajnath Singh and the US to strengthen defense collaborations. The agreement outlines a framework for future business
Shares of Tata Power jumped by as much as 6% on September 10 after the company announced that its subsidiary, TP Solar, has begun commercial production of solar cells at India’s largest single-location solar cell and module manufacturing plant in Tirunelveli, Tamil Nadu. This move is a significant step toward boosting domestic manufacturing of solar
Tata Power Stock Surges 6% as Subsidiary Begins Solar Cell Production in Tamil Nadu Read More »
For the first time, India has surpassed China to become the top-weighted nation in the MSCI Emerging Market (EM) Investable Market Index (IMI). Indian equities now carry a weight of 22.27% in the index, edging out Chinese stocks, whose weighting has fallen to 21.58%. Despite China’s market capitalisation of $8.14 trillion being over 60% larger than
India Overtakes China as Top Weight in MSCI EM Index for the First Time Read More »
Shares of HG Infra Engineering are poised to attract attention on September 10 following the company’s recent contract win valued at Rs 781 crore from the Ministry of Road Transport & Highways (MoRTH). The contract involves the upgrade of a 10.63 km stretch of National Highway 47 (NH-47) in Gujarat, specifically from Narol to Sarkhej
HG Infra Gains Focus with Rs 781 Crore Contract to Upgrade NH 47 in Gujarat Read More »
Automotive components manufacturer Sona BLW Precision Forgings Ltd successfully raised Rs 2,400 crore through a Qualified Institutional Placement (QIP) of equity shares, as per a stock exchange filing made on September 9. The QIP saw strong participation from major institutional investors, with SBI Mutual Fund emerging as the largest buyer, acquiring 25% of the shares
Sona BLW Raises Rs 2,400 Crore via QIP; SBI Mutual Fund Invests Rs 600 Crore Read More »
