Hindustan Copper Limited (HCL), India’s first public-sector copper producer and a major player in the industry, is making some changes. In a board meeting yesterday, September 25, 2024, the directors approved the sale of the Copper Ore Tailing (COT) Beneficiation Plant at the Malanjkhand Copper Project. This is part of HCL’s plans to streamline its …
National Company Law Tribunal Approves IDFC Merger: A Significant Step for IDFC First Bank The National Company Law Tribunal (NCLT) has given its approval for the merger of IDFC Financial Holdings Company Limited with IDFC Limited, which will subsequently merge into IDFC First Bank. This development was officially reported by IDFC to the stock exchanges …
On September 25, 2024, Bharti Airtel introduced India’s first AI-powered spam detection system to tackle the problem of spam calls and messages. This innovative tool will notify customers in real time about potential spam calls and SMS. It’s the first solution of its kind from a telecom provider in India and is completely free. All …
In 2007, Mr. Roopesh Kumar Gupta, the Managing Director and Promoter, proudly established Hariom Pipe Industries Limited in remembrance of the late Shri. Hariom Gupta Ji, a trailblazing figure in the steel industry since 1962. This great legacy has been painstakingly maintained by the second generation, under the direction of Shri Rakesh Gupta Ji. Under …
Shares of Easy Trip Planners (EaseMyTrip) took a hit today, sliding to a 52-week low of Rs.34.72. This came after reports surfaced that promoter Nishant Pitti was likely selling up to 8.5% of his stake in the company through a block deal, valued at around Rs.622 crore. A total of 4.6 crore shares, representing 2.6% …
On September 25, 2024, Man Infraconstruction Limited (MICL) announced that it had achieved a significant milestone by securing the Occupancy Certificate (OC) for the F-wing of its prestigious “Atmosphere O2” project in Mulund West, Mumbai, within approximately 3.5 years of its launch. This accomplishment highlights MICL’s consistent track record, having successfully delivered 2.8 million square …
HDFC Life Insurance Company Ltd. has announced its plan to raise Rs.2,000 crore through non-convertible debentures (NCDs). The company’s Capital Raising Committee (CRC) is scheduled to meet on September 27, 2024, to approve the commercial terms of the issuance, which was first announced in July. This follows the board’s approval on July 15 to raise …
The Multi Commodity Exchange of India (MCX) has announced a significant change in its transaction fees for futures and options contracts, set to take effect next month. The new fee structure, which replaces the previous tiered system, is in direct response to guidelines issued by the Securities and Exchange Board of India (SEBI). Under the …
Aditya Birla Group’s renewable energy arm, Aditya Birla Renewables Limited (ABReL), has successfully secured ₹2,500 crore through a private placement of non-convertible debentures (NCDs). This significant funding boost will fuel the company’s expansion plans, reduce existing debt, and support general corporate activities. The NCD issue, underwritten by Grasim Industries, attracted strong interest from various mutual …
Tata Elxsi Limited has announced the successful integration of the RDK-B software stack with Qualcomm® 5G FWA Gen 3 Platform, marking a significant advancement in fixed wireless access (FWA) technology. This pioneering integration provides operators with a pathway to deliver high-speed, reliable, and scalable FWA solutions. The incorporation of RDK-B middleware introduces essential features such …
