DOMS Industries Limited has announced a significant strategic move with its decision to acquire a 51.77% stake in Uniclan Healthcare Private Limited. The investment, valued at up to ₹55.5 crore, involves DOMS purchasing 7,116,080 equity shares of Uniclan, each priced at ₹10. This acquisition, which requires regulatory approvals and the fulfilment of certain conditions, is …
Ester Industries Limited has announced its financial results for the quarter ended June 30, 2024. On a standalone basis, the company achieved a revenue of ₹244 crore in Q1 FY25, marking an 18.1% increase from ₹206 crore in Q1 FY24. The net loss reduced significantly, with a loss of ₹2 crore in Q1 FY25 compared …
NBCC (India) Ltd., a public sector construction company, announced yesterday that it has secured two new contracts collectively valued at approximately Rs.720 crore, marking a huge milestone in the company’s portfolio, further strengthening its position in the construction industry. New Orders Overview The first contract, valued at Rs.9.97 crore, has been awarded by the Institute …
Key Partnership for Naval Power Solutions Marine Electricals (India) Limited (MEIL) has made headlines by entering into a significant Memorandum of Understanding (MOU) with Cummins India Limited. This partnership aims to explore and develop mutually beneficial business opportunities, particularly focusing on the supply, commissioning, and after-sales services of Diesel Generator Sets and Integrated Propulsion and …
On September 2, 2024, Godrej Properties Ltd (GPL) announced its successful bid for 2 high-value group housing plots in Gurugram, securing a Letter of Intent through an e-auction by the Haryana Shehri Vikas Pradhikaran (HSVP). The total bid value for the plots is ₹515 crore. One plot, spanning 3.6 acres, is situated in the prestigious …
According to the guidelines for domestic gas pricing, domestic natural gas (APM Price) was set at 10% of the Indian Crude basket price, as announced monthly by the Petroleum Planning and Analysis Cell (PPAC). For gas produced through well interventions or from new wells in ONGC or Oil India Limited’s nomination fields, a 20% premium …
Supply of 200 Electric Luxury Buses: JBM Auto Limited, one of the leading players in the electric vehicle space, witnessed its stock rise by over 2% today, accompanied by a significant volume spurt. This surge follows a strategic agreement announced by JBM Electric Vehicles, a subsidiary of JBM Auto, to supply 200 ultra-modern electric luxury …
GMM Pfaudler is a go-to name for corrosion-resistant gear, mainly serving the pharma and chemical industries. They’ve grown their lineup to include everything from mixing systems to filtration and drying equipment, plus engineered and heavy-duty systems. This morning, GMM Pfaudler stole the spotlight with a major block deal worth a staggering Rs.557.3 crore. In this …
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 …
