Shares of Mahanagar Telephone Nigam Limited (MTNL) surged by 20% to hit the upper circuit, reaching a multi-year high of Rs 64.08 on the NSE. This significant increase follows the government’s deposit of Rs 92 crore to cover the immediate bond interest dues for the state-owned telecom company. On July 11, MTNL announced it lacked […]
MTNL Shares Soars 20% as Government Pays Rs 92 Crore in Bond Interest Read More »
The Uttar Pradesh government has announced an extension of its electric vehicle (EV) subsidy policy until 2027, as stated in an official notification on July 16. Under this policy, buyers of electric two-wheelers will receive a subsidy of Rs 5,000, while those purchasing electric four-wheelers will be eligible for a subsidy of Rs 1 lakh.
UP Government Extends Electric Vehicle Subsidy Policy Until 2027 Read More »
Tanla Platforms saw its stock surge by over 10% after announcing a partnership with a leading global tech company to fight scams on messaging platforms. Tanla’s AI-driven anti-phishing solution, Wisely ATP, will identify fraudulent phone numbers and suspicious URLs to alert WhatsApp about potential scams. The details of the deal remain confidential, but media reports
Tanla Platforms Shares Soar 10% on Anti-Scam Deal with Global Tech Giant Read More »
Adani Wilmar Ltd, a major player in the edible oil sector, is set to acquire a 67% stake in Omkar Chemicals Industries for Rs 56 crore. Adani Wilmar, a joint venture of the Adani Group and Singapore’s Wilmar Group, is one of India’s largest FMCG companies. They offer a wide range of kitchen essentials such
Adani Wilmar to Buy 67% Stake in Omkar Chemicals for Rs 56 Crore Read More »
Cyient Ltd on Friday said it has opened its new wholly-owned unit dedicated to the semiconductor business, targeting a strategic initiative to strengthen its hand in this segment amid global competitors. The focused initiative is on application-specific integrated circuit (ASIC) turnkey design and manufacturing and will function on a completely fabless model. Krishna Bodanapu, vice
Cyient Launches New Semiconductor Subsidiary Read More »
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
Data Patterns Rise 6% on DRDO Project Approval; Six Other Winners Announced Read More »
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.
SBI Raises Rs 10,000 Crore at 7.36% Coupon Through 15-Year Infra Bonds Read More »
On July 10, Glenmark Pharma announced that its board approved selling 7.84% of its shares in Glenmark Life Sciences. The board agreed to sell up to 96,09,571 shares through the stock exchange. Glenmark Pharma shared this news in a filing. On the same day, Glenmark Life Sciences’ shares closed 1.2% lower at Rs 878 each
Glenmark to Sell 7.84% of Life Sciences Unit Read More »
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
RVNL Wins ₹202.87-Crore South Eastern Railway Project Read More »
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
RPP Infra Projects Secures ₹310 Crore in Orders, Shares Surge 11% Read More »
