Oil and Natural Gas Corporation (ONGC) is making to news in the petrochemical sector with its recent board approval for a major Rs.10,501 crore investment in ONGC Petro Additions Limited (OPaL). This investment will unfold in one or more parts, showing ONGC ramping up its stake in OPaL. Just last September, the board greenlit a …
On September 25, 2024, Shriram Finance Limited (SFL), one of India’s largest retail-focused non-banking finance companies, successfully raised $500 million through a fixed-rate senior secured bond with a 3.5-year maturity at a 6.15% interest rate. This marks SFL’s biggest bond deal to date and is the company’s ninth USD bond issuance since the easing of …
L&T Technology Services Limited (LTTS) announced that it has been recognised as a Leader in the Connected Product Engineering Services PEAK Matrix® Assessment 2024 by Everest Group. This accolade reflects LTTS’s unwavering commitment to excellence and innovation in embedded engineering, particularly in sectors such as Mobility, Technology, and Sustainability. The PEAK Matrix® Assessment evaluates engineering …
State Bank of India (SBI), India’s largest lender, is ambitiously aiming to become the first Indian financial firm to achieve a net profit milestone of Rs 1 lakh crore within the next 3-5 years. This ambitious target, as outlined by SBI’s Chairman C S Setty, is underpinned by the bank’s strong financial performance. In FY24, …
On September 25, 2024, a leading player in the electrical contracting and equipment industry, Power & Instrumentation (Gujarat) Limited through an exchange filing announced that it has been appointed by the Airports Authority of India (AAI) as the specialised agency. The company is responsible for the power supply system of the new Integrated Passenger Terminal …
Introduction Vodafone Idea, often seen as a stock in distress, has witnessed a surprising development. The National Stock Exchange (NSE) has revoked its earlier decision to exclude Vodafone Idea Ltd. from various Nifty indices, including Nifty 500 and Nifty Midcap 150. This change, is effective from September 30, 2024. The Committee has decided to revoke …
Block Deal Details Shares of Five Star Business Finance saw heightened activity in early trading on Thursday as a major block deal worth Rs 2249.8 crore was executed. In the transaction, 2.81 crore shares changed hands at a price of Rs 800.5 per share during the pre-opening trade. However, the identities of the buyers and …
Jaguar Land Rover (JLR), owned by Tata Motors, has announced a £500 million ($669 million) investment to retool its Halewood plant in England, setting the stage for manufacturing electric SUVs. This major retooling will position the plant to start producing electric SUVs, as JLR transitions towards an all-electric future. Halewood’s Electric Shift JLR has already …
Established in over 80 countries, Cipla Ltd. is widely recognized for manufacturing affordable, high-quality generic medications. They also conduct research and development to bring innovative treatments to market. Their objective is to make healthcare more accessible and affordable for everyone on the planet. In the pharmaceutical industry, Cipla is still a leader committed to improving …
Vedanta Limited is one of the largest mining companies in India, with a strong presence in the global market as well. The company has a reputation for its sustainable mining practices and commitment to environmental conservation. With a diverse portfolio of minerals and metals, Vedanta plays a crucial role in driving economic growth and development …
