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JSW Energy Signs 1,200 MW Hybrid Power Purchase Agreements with MSEDCL

JSW Energy Signs 1,200 MW Hybrid Power Purchase Agreements with MSEDCL

18 October 2024

JSW Energy Limited has made significant strides in the renewable energy sector with the announcement of Power Purchase Agreements (PPAs) signed by its step-down subsidiaries, JSW Renew Energy Six Limited and JSW Renew Energy Thirty Limited.  These agreements, made with Maharashtra State Electricity Distribution Company Ltd (MSEDCL), pertain to two hybrid projects that combine solar …

Zydus Lifesciences Shares in Focus: Received Final Approval From US FDA

Zydus Lifesciences Shares in Focus: Received Final Approval From US FDA

18 October 2024

Zydus Lifesciences Limited has received final approval from the United States Food and Drug Administration (USFDA) to manufacture Fludrocortisone Acetate Tablets USP, 0.1 mg (USRLD: Florinef Tablets, 0.1 mg). This approval marks a significant milestone for Zydus, as it expands its portfolio of generic medications and solidifies its presence in the US market.   Fludrocortisone acetate …

Adani Enterprises Shares in Focus: Finished QIP of ₹4,200 Crore

Adani Enterprises Shares in Focus: Finished QIP of ₹4,200 Crore

18 October 2024

On October 17, 2024, Adani Enterprises Limited (AEL) announced in an exchange filing that it has successfully completed a Qualified Institutional Placement (QIP) of equity shares with a face value of ₹1 each, raising approximately ₹4,200 crores (USD 500 million). A total of 1,41,79,608 shares were allocated at an issue price of ₹2,962 per share. …

Ceat Shares Shredded Over 5% After Release of Q2 FY25 Results

Ceat Shares Shredded Over 5% After Release of Q2 FY25 Results

18 October 2024

On October 17, 2024, Ceat Ltd., a member of the RPG Group, announced its financial results for the quarter ending September 30, 2024 (Q2 FY25). Consolidated revenue reached ₹3,304.5 crore, with an EBITDA margin of 11.1%, reflecting a contraction of 102 basis points compared to Q1 FY24-25. The net profit was ₹121.5 crore. Ceat experienced …

Jindal Stainless Reports Revenue Growth of 3.68% QoQ in Q2 FY 2025

Jindal Stainless Reports Revenue Growth of 3.68% QoQ in Q2 FY 2025

18 October 2024

Jindal Stainless Limited has announced its financial results for Q2 FY 2025, where the consolidated net revenue grew by 3.68% quarter-on-quarter (QoQ).  The company’s standalone net revenue for the quarter stood at ₹9,746 crore, while standalone EBITDA was recorded at ₹1,007 crore. Standalone profit after tax (PAT) amounted to ₹589 crore. The company’s net debt, …

Wipro Share Price Soars 4% Following Q2 FY2025 Results and Bonus Shares Announcement

Wipro Share Price Soars 4% Following Q2 FY2025 Results and Bonus Shares Announcement

18 October 2024

Wipro Ltd has announced its financial results for the quarter ending September 30, 2024, following International Financial Reporting Standards (IFRS). Along with the financial results for the quarter, the company also announced the issuance of bonus shares.  Financial Highlights for the Quarter Ended September 30, 2024 The company reported gross revenue of ₹223.0 billion ($2,662.6 …

PC Jeweller Share Price Breaks Out: A Six-Year Consolidation Ends

PC Jeweller Share Price Breaks Out: A Six-Year Consolidation Ends

18 October 2024

Introduction: A Glimmer of Hope for PC Jeweller’s Share Price PC Jeweller Ltd, a renowned name in the trading, manufacturing, and sale of gold, diamonds, and other precious stones, has seen its share price rise sharply in recent months. After years of facing legal and operational challenges, the company has made significant strides, especially with …

Stocks To Watch Today on October 18, 2024: Axis Bank, Bharat Forge, Zomato Shares in Focus

Stocks To Watch Today on October 18, 2024: Axis Bank, Bharat Forge, Zomato Shares in Focus

18 October 2024

On Wednesday, October 18, 2024, SGX Nifty traded lower by 0.56% to 24,720.5 at 08:15 AM, indicating a negative for the Indian domestic indices. Check out a few stocks, which will be in focus during the trading session. Infosys Infosys has raised its sales forecast for FY25 to between 3.75% and 4.5%, indicating a rebound …

SRF Share Price Tumbles Amid Market Sell-Off and Downgrade

SRF Share Price Tumbles Amid Market Sell-Off and Downgrade

17 October 2024

Market Overview: Nifty50 and Sensex Slide The Indian equity market witnessed a sharp sell-off on Thursday, with the Nifty50 index sliding below 24,800 and the Sensex plunging by about 500 points. The market downturn impacted several stocks, including SRF, which faced significant selling pressure in the early trading hours. However, the stock managed to recover …

Oberoi Realty approved the issuance of NCDs worth up to Rs 1,500 crore

Oberoi Realty approved the issuance of NCDs worth up to Rs 1,500 crore

17 October 2024

For more than 40 years, our passionate designs have enhanced, uplifted, and inspired your daily life. At Oberoi Realty, we have perfected the craft of building impeccable, sustainably designed lifestyle standards. Luxurious living’s future is now. In Mumbai’s real estate market, Oberoi Realty has represented integrity, openness, state-of-the-art technology, and exceptional customer service for more …

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