RVNL has once again got the big deal of Rs. 132,59,20,130.37 crore in OHE work that it should complete in the next 24 months. As we know, this company is always bidding lower than all the other bidders and delivering results and work on time. RVNL (Rail Vikas Nigam Limited) and KRDCL (Karnataka Road Development …
Yes Bank Ltd. reported a strong 14.8% y-o-y increase in gross advances, reaching Rs.2.29 lakh crore in the April-June quarter, according to the provisional quarterly business updates filed with stock exchanges yesterday. This marks an improvement from Rs.2 lakh crore in the same period last year. The bank also saw a 0.9% sequential rise in …
Zomato recently announced that it has decided not to pursue its plans to enter the lending business. According to the reports, yesterday, Zomato informed the BSE that its subsidiary, Zomato Financial Services, has withdrawn its application for a non-banking financial company (NBFC) license from the RBI. Board’s Decision The board of directors at Zomato Financial …
Piramal Finance is a non-banking financial institution or non-bank financial company called NBFC, which is not a bank but a financial institute that can provide loans like retail, wholesale, and fund-based platforms where the leading banks are unable to provide loans. Such institutes are very helpful for individuals and small businesses. Currently, Piramal Finance has …
Prism Johnson Ltd announced in a stock exchange filing its acquisition of 1,36,07,482 equity shares of ₹10 each, priced at a premium of ₹5 per share, amounting to ₹20,41,12,230 from Raheja QBE General Insurance Company Limited (RQBE), a subsidiary. The transaction, completed on July 2, 2024, was conducted on a rights basis, maintaining Prism Johnson’s …
KFin Technologies Limited announced in a stock exchange filing that its Board of Directors has approved the disinvestment of the company’s entire 20.95% stake in Fintech Products and Solutions (India) Private Limited (FPSIPL). The definitive agreements for this transaction were signed on July 2, 2024. The company stated that the disinvestment is subject to customary …
Indian Energy Exchange (IEX), India’s leading electricity exchange, reported a significant milestone in June 2024, it achieved an electricity volume of 10,185 MU, marking a 24.7% year-on-year increase. Including certificates, the total monthly volume reached 10,677 MU, a 19.4% rise compared to the previous year. This robust performance reflects the dynamic nature of India’s energy …
MosChip Technologies Limited announced in a stock exchange filing that the Centre for Development of Advanced Computing (C-DAC) has partnered with the company and Socionext Inc. to design and develop a High-Performance-Computing (HPC) Processor SoC based on the Arm® architecture, utilising TSMC’s (Taiwan Semiconductor Manufacturing Company Limited) 5nm technology node. C-DAC, established to advance and …
On July 02, 2024, KEC International Ltd, part of the RPG Group, announced that it has secured new orders worth ₹1,017 crore. These include a significant Solar PV project order in India, marking its largest in the country. In Transmission and distribution (T&D), the company secured contracts for EPC projects and tower supplies in the …
On July 02, 2024, Confidence Petroleum India Limited announced that it had acquired 99.99% of Punjab Petroleum Corporation Limited’s (PPCL) equity share capital. This acquisition involves 22,50,000 equity shares with a face value of ₹10 each. As a result, from July 1, 2024, Punjab Petroleum Corporation Limited has become a subsidiary of Confidence Petroleum India …
