Lupin Limited announced in an exchange filing that all 12 of its manufacturing facilities, its R&D Center, and its corporate office in India have successfully finished strict audits and been certified by DNV for ISO 14001 – Environment Management Systems (EMS) and ISO 45001 – Occupational Health and Safety Management System (OHSMS). This milestone signifies …
On May 15, 2024, REC Ltd informed the stock exchanges that the company’s wholly-owned subsidiary, REC Power Development & Consultancy Limited (RECPDCL), had incorporated two wholly-owned subsidiaries, namely Bikaner A Power Transmission Limited and Bikaner B Power Transmission Limited. Bikaner A Power Transmission Limited and Bikaner B Power Transmission Limited were incorporated on May 14, …
Signatureglobal (India) Limited, a leading Indian real estate developer, announced a strategic investment in its wholly-owned subsidiary, Gurugram Commercity Private Limited (GCPL). This move strengthens Signatureglobal’s commitment to developing a prime land parcel in Gurugram, Haryana. Meeting Regulatory Requirements and Capitalisation Needs The Board of Directors of Signatureglobal approved an investment of ₹34,74,99,000 in GCPL. …
Mahindra & Mahindra Ltd., a household name in the Indian automotive industry, celebrated a momentous achievement with its newest compact SUV, the XUV 3XO. Within 60 minutes of opening online bookings on May 16th, the XUV 3XO received a staggering over 50,000 reservations, setting an unprecedented record for Mahindra. The XUV 3XO has ignited a …
Market Analysis and Profit-Taking On Wednesday, the NSE benchmark Nifty 50 index traded within a narrow range, marking its narrowest daily range for May, with a meager range of about 146 points. On the daily chart, Nifty formed a bearish candle with minor upper and lower shadows, ending its three-day winning streak with a marginal …
Reflecting the resilience in global markets, domestic indices started today’s trading session on a cheerful note, with significant gains in the information technology, telecommunications, and energy sectors. Broader indices also experienced notable investor optimism. With 2,115 shares rising on the BSE and 804 shares declining, the advance-decline ratio strongly remained in favour of advances. At …
On Thursday, the benchmark indices were trading in the green with the Sensex up around 225 points or 0.31% at 73,207, while the Nifty-50 was up around 57 points or 0.26% at 22,258. About 2,088 shares have advanced; 871 declined and 115 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
On May 23, 2024, Page Industries Limited announced its financial results for the Q4 and annual year ended March 31, 2024. In Q4 FY 2024, the company reported a 38.1% increase in Profit After Tax (PAT). Financial Performance in Q4 FY 2024 In the quarter ended March 2024, the sales volume increased 6.1% year over …
Allcargo Logistics Limited, a leading integrated logistics solutions provider in India, announced the successful completion of the acquisition of Fair Trade GmbH, a German freight forwarding company. This strategic move strengthens Allcargo’s presence in the European market, particularly within the key German logistics landscape. Acquisition Finalized, Full Ownership Secured On May 21, 2024, Allcargo Logistics’ …
Narrowing Urban-Rural Growth Gap The gap between urban and rural growth in India is gradually narrowing. Fast-Moving Consumer Goods (FMCG) players are witnessing a divergence in growth rates between premium and mass segments, with premium products growing stronger. Key commodity prices such as wheat, milk, sugar, and tea have seen quarter-on-quarter (QoQ) moderation, while coffee …
