Indian Market

KEI Industries Raises Rs 2,000 Crore Through QIP; Kotak Mutual Fund Leads Investment

KEI Industries Raises Rs 2,000 Crore Through QIP; Kotak Mutual Fund Leads Investment

/ Indian Market

KEI Industries has successfully raised Rs 2,000 crore via a qualified institutional placement (QIP) of equity shares. The QIP, which opened on November 25 and closed on November 28, priced the shares at Rs 3,800 each, offering a 2.1 percent discount to the floor price of Rs 3,880.54. The issuance involved 52.6 lakh equity shares, […]

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NCC Secures Rs 3,390 Crore EPC Contract for Ken-Betwa Link Project

NCC Secures Rs 3,390 Crore EPC Contract for Ken-Betwa Link Project

/ Indian Market

NCC has received a Letter of Acceptance for a Rs 3,389.49 crore EPC contract for the Daudhan Dam under the Ken-Betwa Link Project. The project, issued by the Ken-Betwa Link Project Authority under the Ministry of Jal Shakti, involves planning, design, engineering, and hydro-mechanical works. The company is expected to complete the project within 72

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Emami Realty's Shares Hit 5% Upper Circuit on Rs 10,000 Crore Investment Plan

Emami Realty’s Shares Hit 5% Upper Circuit on Rs 10,000 Crore Investment Plan

/ Indian Market

Shares of Emami Realty hit a 5 percent upper circuit at Rs 101.35 on November 28 after announcing plans to develop 22 million square feet (msf), expected to generate Rs 15,000 crore in revenue. So far this year, the stock has fallen over 11 percent, underperforming the Nifty 50’s 10 percent gain. The stock saw

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Ashoka Buildcon Rises 3% on Rs 193 Crore EPC Order Win

Ashoka Buildcon Rises 3% on Rs 193 Crore EPC Order Win

/ Indian Market

Shares of Ashoka Buildcon rose 3% on November 28, trading at Rs 239.85 on the NSE, after the company secured an EPC order worth Rs 192.59 crore from Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company. The project involves procurement, installation, testing, and commissioning of new 11 kV lines and infrastructure under a feeder separation programme,

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Waaree Renewable Shares Jump 5% After Securing Rs 1,233 Crore Solar Project Order

Waaree Renewable Shares Jump 5% After Securing Rs 1,233 Crore Solar Project Order

/ Indian Market

Shares of Waaree Renewable Technologies rose 5% in early trade on November 28 after the company announced securing a significant order worth Rs 1,233.5 crore for a ground-mounted solar PV project. At 9:23 AM, the stock was trading at Rs 1,494.45, up by Rs 71.15 on the BSE. The order includes the execution of engineering,

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NTT DATA Acquires Udupi-Based Niveus Solutions to Expand Cloud Expertise

NTT DATA Acquires Udupi-Based Niveus Solutions to Expand Cloud Expertise

/ Indian Market

Global IT services firm NTT DATA has acquired Niveus Solutions, a Udupi-based cloud engineering company, to address the rising global demand for advanced cloud solutions. The terms of the deal were not disclosed. This acquisition adds 1,000 GCP engineering professionals to NTT DATA and enhances its GCP-native modernization, data engineering, and AI-driven solutions capability. In

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TARC Shares Gain 5% After Selling Half of Project TARC Ishva for Rs 1,350 Crore

TARC Shares Gain 5% After Selling Half of Project TARC Ishva for Rs 1,350 Crore

/ Indian Market

Shares of TARC Ltd. rose 5% to Rs 216 on November 27 after the company announced the sale of 50% of its luxury project TARC Ishva for Rs 1,350 crore. This strong performance has helped the stock register a 55% gain year-to-date, far exceeding the 10% rise in Nifty 50. Earlier, the stock reached its

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