Coredge, a deep tech startup, has gained recognition for its innovative approach to sovereign AI and cloud platforms. It has a customer base across Japan, Singapore, and India, with cloud providers, government departments, and telecom service providers widely adopting its products. Coredge’s goal is to develop a comprehensive solution package for independent data centers, covering …
Shares of Hindustan Aeronautics Ltd. (HAL) fell over 4% on Thursday, continuing their downward trend from Tuesday, when the stock declined by 3.3%. Valuation Comparison: HAL vs. Dassault Aviation A recent report draws an intriguing comparison between HAL and its global peer Dassault Aviation. Dassault achieved a revenue of $5.19 billion and a profit of …
DLF, India’s largest real estate firm by market capitalization, is gearing up for growth in FY25. Chairman Rajiv Singh announced plans to achieve a 15% increase in sales bookings, aiming for a staggering Rs.17,000 crore which includes venturing into new territories such as Mumbai and Goa, highlighting the company’s expansion to tap into emerging opportunities. …
Tata Power, under the Chairman, N. Chandrasekaran, during the company’s 105th Annual General Meeting (AGM), has announced a major capital expenditure (capex) plan of Rs.20,000 crore for FY25 which comes in addition to the Rs.12,000 crore invested in FY24. Renewable Energy A large portion of the capex will be directed towards accelerating Tata Power’s renewable …
ONGC, the Oil and Natural Gas Corporation, is an Indian multinational company headquartered in New Delhi, under the Ministry of Petroleum and Natural Gas. ONGC, the Oil and Natural Gas Corporation, established on August 14, 1956, primarily focuses on exploring and extracting hydrocarbons across 26 sedimentary basins in India. Operating 210 drilling and work-over rigs, …
Sanofi Healthcare India Pvt. has announced a significant expansion of its global capacity centre (GCC) in Hyderabad. With plans to invest €400 million over the next six years, including €100 million by next year, this initiative underscores Sanofi’s long-term strategy to establish a deep footprint in the region. Major Investment and Expansion Plans Madeleine Roach, …
On Thursday, the Indian equity markets experienced a significant recovery from lower levels, with the Nifty50 reclaiming the 24,600 mark and the Sensex moving above the 80,800 mark. The Nifty Bank index also saw an uptick, rising by 0.28%. However, one stock that notably underperformed was Vascon Engineers Ltd. Vascon Engineers Ltd. Faces Losses Shares …
Aurobindo Pharma Limited (AUROPHARMA) is one of the leading pharmaceutical companies that primarily focuses on producing and selling active pharmaceutical ingredients, generic drugs, and associated services. Today, the company announced a buyback of up to 51,36,986 fully paid-up equity shares at a price of Rs. 1,460 per share, aiming to return an aggregate amount of …
On July 16, 2024, the benchmark indices Nifty 50 rose 0.11% to 24,613, and Sensex grew 0.06%. Top Gainers and Losers On the sectoral front, Nifty Realty, Nifty FMCG, Nifty IT, and Nifty Auto ended in the green. Meanwhile, Nifty Media, Nifty Healthcare index, Nifty Pharma, and Nifty Financial Services 25/50 were declining. The top …
On Tuesday, benchmark indices ended the second trading day of the week positively, with the Sensex rising by 0.06% to close at 80,716.55 and the Nifty climbing by 0.11% to a new high of 24,613. The broader market also saw gains, with the Nifty Mid-Cap remaining flat and the Nifty Small-Cap increasing by 0.08%. Market …
