Fertiliser stocks have soared to record highs amidst anticipation that the upcoming Goods and Services Tax (GST) Council meeting could recommend exempting essential plant nutrients from the current 5% tax. Scheduled for June 22, this meeting marks the Fitment Committee’s first session since Prime Minister Narendra Modi’s third-term inauguration. Government-run firms NFL, RCF, GSFC, GNFC, …
HDFC Bank, established in 1994, is a prominent public sector bank in India. Renowned for its retail, wholesale, and treasury services, it’s a subsidiary of HDFC Ltd. While its banking activities are widely known, HDFC Bank also holds significant stakes in a diverse range of companies. Shares of HDFC Bank have surged by 9% in …
On June 19, 2024, Gensol Engineering Ltd. received an additional 250 MW/500 MWh from Gujarat Urja Vikas Nigam Limited (GUVNL) for their Battery Energy Storage Systems (BESS) project. This brings their total project capacity to 500 MW/1000 MWh. The project, including both tranches, is expected to generate ₹2685 crore in revenue over 12 years under …
A Part of a Prestigious Conglomerate EID Parry, a key player in the sweeteners and nutraceuticals market, is part of the prestigious Murugappa Group, one of India’s leading business conglomerates. The company boasts an impressive roster of institutional clients, including Mondelez International, Britannia, ITC, Amul, Sun Pharma, GSK, and more. Record-Breaking Surge in Share Price …
On Tuesday, the benchmark indices were trading in the red with the Sensex down around 65 points or 0.07% at 79,419, while the Nifty-50 was down around 19 points or 0.08% at 24,123. About 2,225 shares have advanced; 1,321 declined and 157 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
On Wednesday, the benchmark indices were trading in the red with the Sensex down around 23 points or 0.02% at 77,287, while the Nifty-50 was down around 36 points or 0.15% at 23,523. About 1,502 shares have advanced; 2,054 declined and 135 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
Post-elections in 2019, the government had lined up big plans to strategically divest its entire stake in the 5 top CPSEs like BPCL, Container Corporation, Shipping Corporation, THDC & NEEPCO. In the case of CONCOR government held a 54.79% stake in the company and had planned a strategic sale of a 30.5% stake. This divestment …
Vedanta Limited, a subsidiary of Vedanta Resources Limited is the world’s foremost natural resources conglomerate, with strategic assets in India, South Africa, and Namibia. The company is the largest and most diversified natural resources company in Indian history. The company is also known for its highly productive operations, solid financial foundation, and strategic, forward-thinking investments. …
Life Insurance Corporation of India is the country’s largest insurance company that sells life insurance policies. Based on the latest news, it is said that amid stiff competition from private competitors, LIC is planning to sell some of its prime properties. LIC owns several expensive properties in many major cities of India. These include plots …
Prestige Estates, a major player in the Indian real estate sector, has announced plans to raise capital through Qualified Institutional Placement (QIP) and other financial instruments. The aim is to boost its hospitality business, a strategic move reflecting the company’s commitment to expanding its portfolio and enhancing value for shareholders. Fundraising Strategy The company’s board …
