The Competition Commission of India (CCI) has approved Kotak Mahindra Bank’s acquisition of the personal loans portfolio of Standard Chartered Bank’s India operations in a deal valued at Rs 4,100 crore. Key Details of the Deal Significance of the Move Broader Impact This acquisition by Kotak Bank is aligned with the bank’s commitment toward scaling up its […]
UltraTech Cement, the largest cement producer in India, said on November 26 that the National Company Law Tribunal has approved its deal for the acquisition of the cement assets of Kesoram Industries Ltd for Rs 7,600 crore. The acquisition, which was announced in November last year, will consolidate UltraTech Cement’s presence in southern India, an
UltraTech Cement Gets NCLT Approval for Rs 7,600 Crore Kesoram Deal Read More »
Shares of Tata Teleservices (Maharashtra) soared over 13% on November 25, marking their biggest intraday gain in three months. This sharp rise was fueled by an extraordinary surge in trading volumes. So far, around 5 crore shares have exchanged hands, a dramatic increase compared to the 32 lakh daily average traded over the past month.
Tata Teleservices Shares Surge 13% on Heavy Trading Volumes Read More »
Shares of GE Vernova T&D India fell to the 5% lower circuit on November 25 after its promoter, Grid Equipments Private Ltd, announced plans to sell up to 8.38% of its paid-up equity share capital through an Offer for Sale (OFS). The stock dropped to Rs 1,823.50 on the NSE, hitting its lower price band
GE Vernova T&D India Hits 5% Lower Circuit as Promoter Plans 8.38% Stake Sale Read More »
Krystal Integrated Services’ shares rose 4% on November 25 after the company announced a Rs 106-crore contract win from the Brihanmumbai Municipal Corporation (BMC). The contract focuses on improving operational efficiency in Mumbai’s public services. At 10:30 AM, Krystal shares were trading at Rs 770, marking a 4% gain. However, on a year-to-date basis, the stock
Krystal Integrated Shares Gain 4% on Securing Rs 106-Crore BMC Contract Read More »
The Indian government plans to overhaul operations at IFCI Ltd, a non-bank lender, by ending its lending activities and repositioning it as an infrastructure advisory firm. According to sources familiar with the matter, the move comes in response to capital constraints and rising non-performing assets. Though the infrastructure finance company was founded in 1949, IFCI
Govt to Transform IFCI into Infrastructure Advisory Firm Read More »
Shares of HG Infra Engineering rose by 6.5% to an intraday high of Rs 1,363 on November 25 after the company secured a major contract from NTPC Vidyut Vyapar Nigam Ltd. The project, worth Rs 1,110 crore, involves procuring and installing 500 MW/1000 MWh standalone battery energy storage systems (BESS) across India, supported by viability
HG Infra Shares Gain Nearly 7% After Securing Rs 1,110 Crore Contract from NTPC Vidyut Read More »
J Kumar Infra shares jumped 16% on November 25, marking their best performance in 21 weeks. The rally followed the BJP-led alliance’s decisive victory in Maharashtra’s state elections, where it secured over 200 of the 288 seats. This outcome boosted market confidence in infrastructure development under the incumbent government, lifting stocks in the infrastructure, PSU,
Shares of RITES surged nearly 13% on November 25 after the Northeast Frontier Railway increased its project estimate for the LMG-BPB electrification work to Rs 531.77 crore, up 84% from the earlier estimate of Rs 288.44 crore. This project, part of the Lumding division of Northeast Frontier Railway, is being executed on a turnkey basis
RITES Jumps 13% as Northeast Frontier Railway Ups Project Value Read More »
Edelweiss Financial Services has engaged Nomura Holdings to assist in selling a minority stake in its mutual fund business. The Mumbai-based financial group is reportedly exploring the sale of a 25-35% stake in the unit, aiming for a valuation of $700-800 million for the entire business, as per sources familiar with the matter. The company’s
Edelweiss Plans Minority Stake Sale in Mutual Fund Unit, Hires Nomura Read More »
