Shares of Ashoka Buildcon rose 5% in early trading on October 14, following the company’s announcement of winning projects worth Rs 2,309.99 crore. The stock was trading at Rs 265.65 on the BSE at 09:34 am, up by Rs 13.85. The company received a Letter of Acceptance (LoA) from Maharashtra State Road Development Corporation Ltd. […]
Ashoka Buildcon Shares Surge 5% on Securing Rs 2,310 Crore Projects Read More »
Shares of Wipro rose by 3% on October 14, as investors showed strong interest ahead of the company’s board meeting scheduled for October 17. The board will discuss a potential bonus share issuance, marking what could be Wipro’s fourth such bonus action, following similar moves in 2019, 2017, and 2010. In its last bonus issue,
Wipro Shares Climb 3% Ahead of Board Meeting on Bonus Issue and Q2 Results Read More »
Transformers and Rectifiers India shares surged to the 5% upper circuit on October 16 following a significant Rs 211 crore block deal on the exchanges. Approximately 27 lakh shares changed hands at a floor price of Rs 780 per share, representing a 2.6% discount from the previous closing price. The buyers and sellers involved in
Transformers and Rectifiers India Shares Hit Upper Circuit After Rs 211 Crore Block Deal Read More »
Gensol Engineering’s stock jumped over 3% on Monday after the company secured a Rs 186 crore contract for a 23 MWp rooftop solar project in Dubai. The renewable energy firm won the order from a sustainable development company in the UAE, tasked with designing, constructing, and maintaining rooftop solar photovoltaic (PV) systems for a major
Gensol Engineering Shares Surge Over 3% on Securing Rs 186 Crore Solar Contract in Duba Read More »
Shares of Hindustan Aeronautics Ltd. (HAL) rose by 1.9% to trade at Rs 4,519.95 on October 14 after the state-owned defense company was upgraded to ‘Maharatna’ status by the Department of Public Enterprises. HAL becomes the 14th public sector undertaking (PSU) to receive this prestigious status, which grants greater operational autonomy and financial power. With
Oil prices fell more than $1 per barrel in early trading on Monday, with Brent crude futures down 1.59% to $77.78 and U.S. West Texas Intermediate crude futures slipping 1.59% to $74.36. The decline came as disappointing inflation data from China fueled demand concerns, while the lack of clarity on Beijing’s economic stimulus plans added
Oil Prices Drop Over $1 Amid China’s Deflation Concerns and Uncertain Stimulus Plans Read More »
Hindustan Aeronautics Limited (HAL) has officially been upgraded to Maharatna Central Public Sector Enterprise (CPSE) status. The Department of Public Enterprises announced this milestone on October 12, following the approval from Finance Minister Nirmala Sitharaman. This marks a significant achievement for HAL as it becomes the 14th PSU to attain this prestigious status. The proposal
HAL Elevated to ‘Maharatna’ Status, Joining the Elite Group of PSUs Read More »
Shares of Sudarshan Chemical Industries soared 20 percent on October 11, hitting the upper circuit, after the company announced that its unit had acquired Heubach’s global pigment business for ₹1,180 crore. The stock reached a fresh 52-week high of ₹1,217.50 per share on the NSE following the news. Heubach, a key player in the specialty
Chennai Petroleum Corporation is in discussions with banks to secure a ₹28,000 crore ($3.3 billion) loan for constructing a large-scale oil refinery in southern India, according to sources familiar with the matter. The loan, which would be the second-largest local-currency financing in India this year, is expected to be led by the State Bank of
Chennai Petroleum Seeks $3.3 Billion Loan for Major Refinery Project Read More »
On October 10, Oberoi Realty’s Board approved a plan to raise up to Rs 6,000 crore through the issuance of equity shares or other securities. The fundraising will be done in tranches via private placements, including the option of a Qualified Institutions Placement (QIP), with the price being determined based on prevailing market conditions and
Oberoi Realty to Raise Up to Rs 6,000 Crore via Private Placement of Securities Read More »
