Canara Bank is the fourth largest Public sector bank after SBI, PNB & BOB. Predominantly a South India-based bank, the bank is known for its strong business base in South India with a main focus on Gold & Agri Loans. It is the second-largest Gold Loan portfolio-based bank after the State Bank of India. Canara …
Welspun Corporation limited is among the top 3 Line Pipe Manufacturers globally. With a strong focus on customer-centric solutions and innovation through R&D technology, it offers end-to-end products with exceptional quality. They are diversified in more than 50 countries and are globally recognized leaders in the businesses of steel and steel products. Headquartered in Mumbai, …
On June 3, 2024, Shriram Finance Limited (SFL) informed the stock exchanges that it had recently completed a significant fund-raising effort, securing USD 425 million and EUR 40 million through a syndicated term loan transaction. This marks the largest widely syndicated loan transaction for a private non-banking financial company (NBFC) from India in recent years …
Adani Group companies reported a record 45% increase in pre-tax profit (EBITDA), reaching ₹82,917 crore for FY24. The conglomerate, spanning from apples to airports, made a significant recovery after being impacted by a critical report from a US short seller that had affected the market value of its listed firms. Throughout 2023-24, Adani Group concentrated …
On June 2, 2024, Jaykay Enterprises Limited informed the stock exchange that through its wholly owned subsidiary, i.e., JK Defence & Aerospace Limited (JK Defence), has acquired additional equity shares in a step-down subsidiary, i.e. Allen Reinforced Plastics Private Limited (Allen). JK Defence & Aerospace Limited has acquired an additional 1,94,03,363 equity shares, partly paid-up, …
On June 3, 2024, Sealmatic India Limited informed the stock exchanges that it had secured the most prestigious order for mechanical seals and supply systems (API 682 Plans) from a key Original Equipment Manufacturer (OEM), Kirloskar Ebara Pumps Pvt Ltd, through Engineers India Ltd for the Mongol Refinery project. This order, valued at a remarkable …
MosChip Technologies informed the stock exchanges that it secured a ₹509.37 crore contract from the Centre for Development of Advanced Computing (CDAC). The project duration is 3 years (4 years including support and maintenance). The contract is to develop a high-performance computing (HPC) SoC (System on a Chip) using state-of-the-art 5nm (nanometer) technology. The company …
Wipro Limited, a leading global technology services and consulting company, announced a significant expansion of its Wipro VisionEDGE+ solution. This enhanced offering, developed in collaboration with industry leaders Cisco, AT&T, and Amazon Web Services (AWS), positions Wipro VisionEDGE+ as a comprehensive retail transformation platform designed to unlock the true potential of retail media networks. Capitalising …
Poonawalla Fincorp Limited announced in a stock exchange filing that it achieved a significant milestone with Gross NPA (GNPA) below 1% and Net NPA (NNPA) below 0.5% as of May 31, 2024. The company continued to demonstrate robust financial performance, showing strong growth in AUM, profitability, and superior asset quality. As of March 2024, Poonawalla …
On June 3, 2024, JTL Industries Limited (JTL) announced in a stock exchange filing the completion of Phase 1 of expansion at its recently acquired subsidiary, Nabha Steels and Metals. The company stated their significant milestones in completing its capex plans for its subsidiary, Nabha Steels and Metals. Phase 1 of the expansion has been …
