This week, Ambuja Cements is poised for significant market activity as it becomes the focus of both inflows and outflows, driven by changes in two major indices—FTSE and MSCI. While MSCI’s adjustments were announced earlier in August, FTSE followed suit after Gautam Adani’s recent sale of a 2.75% stake in the company. FTSE Index Adjustment: …
NBCC Ltd., the well-known Navratna Central Public Sector Enterprise, is reportedly gearing up to discuss a potential bonus share issue in its board meeting on August 31, 2024. According to a recent filing, the board will review the proposal to issue bonus shares, which would be decided based on the capitalization of reserves and need …
De Beers Group, the world’s top diamond company, has teamed up with Tanishq, India’s largest jewellery retail brand from the Tata Group, to boost the appeal of natural diamonds in India. This strategic partnership aims to reach more Indian consumers and emphasise the unique value of natural diamonds, tapping into the growing demand in the …
One of the top infrastructure development, investment, construction, operation, and management firms in India is PNC Infratech Ltd. The organization possesses a wealth of experience and demonstrated proficiency in carrying out projects in fundamental infrastructure domains, including but not limited to expressways, highways, bridges, flyovers, airport runways, water supply, industrial area development, and other related …
India is one of those countries where Artificial Intelligence (AI) is rapidly transforming across the world. The AI market in India is forecasted to reach $8 billion by 2025, reflecting at a CAGR of more than 40% from 2020 to 2025. On the back of initiatives like the National AI Strategy and the National AI …
The Indian railway system is often regarded as the foundation of the nation’s economy. Spanning thousands of kilometres, it ranks as the 4th largest railway network globally, following the US, China, and Russia. By the end of FY24, Indian Railways reported a total revenue of ₹2.40 lakh crore (approximately USD 28.75 billion). There are several …
On August 28, 2024, PDS Limited announced the successful completion of its Qualified Institutions Placement (QIP), raising ₹430 crore (approximately $51 million). The company stated that the QIP saw significant interest from institutional investors, with the subscription surpassing twice the issue size. This strong response highlights investor confidence in PDS Limited’s strategic vision and growth …
On August 28, 2024, Tanla Platforms Limited, India’s top Communications Platform as a Service (CPaaS) provider, announced the launch of Registration.ai, a new module under its well-known platform, Trubloq. This introduction occurred at the Global Fintech Festival in Mumbai and directly addresses the latest guidelines issued by the Telecom Regulatory Authority of India (TRAI) on …
An Indian provider of life insurance is ICICI Prudential Life Insurance Company Limited. ICICI Prudential Life was founded as a joint venture between Prudential Corporation Holdings Limited and ICICI Bank Limited and operates in the asset management and life insurance sectors. GST demand of Rs. 429 crore to ICICI Prudential: On Tuesday, ICICI Prudential Life …
Mastek has teamed up with Onyx Health, a leader in healthcare data solutions, to speed up the use of FHIR (Fast Healthcare Interoperability Resources) standards. This new partnership is set to improve how healthcare data is shared, aiming for better patient outcomes. In today’s healthcare environment, where smooth data exchange is essential, this collaboration will …
