Tough Monday for Indian benchmark indices. Despite starting strongly and achieving new heights with the BSE Sensex touching the 76,000 mark for the first time, the indices saw a steep decline towards its end. The NSE Nifty 50 index fell about 170 points from its peak to close in negative territory. This marked reversal of …
On May 27, 2024, Shyam Metalics and Energy Limited (SMEL) announced in an exchange filing its plan to expand its rail infrastructure at its integrated steel plant in Pandloi village near Rengali, Sambalpur district, Odisha. This initiative aligns with the company’s long-term objective of ongoing expansion and achieving sustainable growth. Shyam Metalics and Energy Limited’s …
On May 27, 2024, Aster DM Healthcare Limited announced in a stock exchange filing its expansion plan for Aster CMI Hospital, a leading multispecialty hospital in Bengaluru. The company stated that the hospital will have an extra infrastructure expansion of 3,00,000 sq feet, thereby expanding its bed capacity from the existing 500 beds to 850 …
Record-breaking day for Sensex On Monday, India’s benchmark indices reached new heights, with the Sensex hitting the psychological mark of 76,000 for the first time in its history. This milestone is not only important for BSE Sensex but also individual companies like Ashok Leyland. Ashok Leyland’s remarkable performance Ashok Leyland saw its stock rise by …
On May 27, 2024, Nazara Technologies Limited announced its promoter, Mitter Infotech LLP, had sold 48,84,000 equity shares, indicating 6.38% of the issued share capital to Plutus Wealth Management LLP through an on-market transaction in the block deal window of the stock exchange. Liquidity to Promoter The promoters who have contributed 25 years to the …
SBC Exports Limited, a powerhouse in international trade, has ignited its growth engine with a comprehensive 5-year expansion plan. This strategic roadmap propels the company towards global prominence by venturing into retail, franchising, and export diversification. Leveraging Strengths for Multifaceted Growth Building upon its robust infrastructure, unwavering commitment to quality, and customer-centric approach, SBC Exports …
Reliance Industries Ltd (RIL), through its telecom subsidiary Jio, has established a dominant presence in the Indian market. Now, it aims to replicate this success in Africa by partnering with Ghana-based Next-Gen InfraCo (NGIC) to launch high-speed 5G internet services. Partnership with NGIC and Radisys Corp NGIC has collaborated with Radisys Corp, a subsidiary of …
Paytm, India’s leading digital payments platform, announced a strategic shift in its insurance business. This move strengthens its focus on insurance distribution for consumers, small merchants, and SMEs (Small and Medium Enterprises) through its wholly-owned subsidiary, Paytm Insurance Broking Private Ltd (PIBPL). Expanding Insurance Options for Everyday Needs PIBPL will be at the forefront of …
Go First, founded as GoAir, was an Indian low-cost airline based in Mumbai, Maharashtra. It is owned by the Indian business conglomerate, Wadia Group. It commenced operations on 4 November 2005 and operated a fleet of Airbus A320 aircraft in an all-economy configuration. A year ago, in May 2023, Indian budget carrier Go First approached …
360 ONE Prime (previously known as IIFL Wealth Prime) is currently offering secured, rated, non-convertible debentures (NCDs) as part of its Tranche II issuance. The subscription period is open from May 24th to June 6th, 2024. This tranche features a base size of Rs 100 crore, with an option to accept oversubscriptions up to an …
