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Mazgaon Dock Secures New Order from ONGC

Mazgaon Dock Secures New Order from ONGC

12 August 2024

Mazagon Dock Shipbuilders Limited (MDL), based in Mumbai and established in 1774, stands as one of India’s most distinguished shipyards. Originally starting as a small dry dock, MDL has grown into a leading shipbuilding company with a rich history. Since 1960, MDL has built an impressive 801 vessels, which include warships, submarines, cargo and passenger …

Share Market Pre Open Updates – August 12, 2024

Share Market Pre Open Updates – August 12, 2024

12 August 2024

On August 09, 2024, the benchmark indices Nifty 50 and Sensex were up  1.04% to close at 24,367.50 and 79.705.91, respectively. Top Gainers and Losers On the sectoral front, all the sectors closed in green. However, Nifty PSU Bank, Nifty Media, Nifty Auto, Nifty Realty, and Nifty IT gained the most during the session. Eicher …

Biocon Reports ₹4,567 Crore Revenue and ₹660 Crore Net Profit in Q1 FY25

Biocon Reports ₹4,567 Crore Revenue and ₹660 Crore Net Profit in Q1 FY25

9 August 2024

On August 8, 2024, Biocon Limited, a global biopharmaceutical company driven by innovation, released its consolidated financial results for the first quarter of the fiscal year ending June 30, 2024. In the first quarter of FY25, Biocon Limited reported a consolidated revenue of ₹4,567 crore. The company made a net investment of ₹228 crore in …

Granules India Limited Announces ANDA Approval for Trazodone Tablets

Granules India Limited Announces ANDA Approval for Trazodone Tablets

9 August 2024

On August 9 2024, Granules India Limited announced that it had received approval from the US Food & Drug Administration (US FDA) for its generic version of Trazodone Hydrochloride Tablets USP in 50 mg, 100 mg, 150 mg, and 300 mg doses. Trazodone tablets are bioequivalent and therapeutically equivalent to the reference drug Desyrel Tablets …

HCLSoftware to Bolster Data & Analytics Capabilities With Acquisition of Zeenea

HCLSoftware to Bolster Data & Analytics Capabilities With Acquisition of Zeenea

9 August 2024

HCLSoftware, the software division of HCLTech, has announced its plans to acquire Zeenea, a leading provider of data catalogue and governance solutions headquartered in Paris, France. This strategic move aims to strengthen HCLSoftware’s Data and analytics business, Actian, which has witnessed significant growth in Hybrid Data Management and Integration. By incorporating Zeenea’s expertise in metadata …

SJVN Commissions India’s Largest Floating Solar Project

SJVN Commissions India’s Largest Floating Solar Project

9 August 2024

SJVN Limited, a Government of India enterprise, has successfully commissioned its 90 MW Omkareshwar Floating Solar Project. The project, executed by SJVN Green Energy Limited (SGEL), a wholly owned subsidiary, has increased SJVN’s total installed capacity to 2466.50 MW. The 90 MW Omkareshwar Floating Solar Project is part of the Omkareshwar Floating Solar Park in …

JSW Steel Reports Strong Growth in July 2024: 9% Rise in Crude Steel Production

JSW Steel Reports Strong Growth in July 2024: 9% Rise in Crude Steel Production

9 August 2024

JSW Steel, India’s leading integrated steel company, announced a consolidated Crude Steel production of 22.15 lakh tonnes for the month of July 2024. This represents a 9% year-over-year increase. Capacity utilisation at Indian operations reached a robust 91% during the month. Over the past 3 decades, JSW Steel has expanded from a single manufacturing unit …

GAIL and RRVUNL Join Forces to Optimise Gas-Based Power Plants in Rajasthan

GAIL and RRVUNL Join Forces to Optimise Gas-Based Power Plants in Rajasthan

9 August 2024

GAIL (India) Limited and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) have entered into a strategic partnership to enhance the operational efficiency of RRVUNL’s gas-based power plants in Rajasthan. A Non-binding Memorandum of Understanding (MoU) was signed in the presence of Shri Hiralal Nagar, Hon’ble Energy Minister of Rajasthan, and Shri Alok, Additional Chief Secretary …

LIC Reports Strong Growth in Q1 FY25: Profit Rose Over 9% YoY

LIC Reports Strong Growth in Q1 FY25: Profit Rose Over 9% YoY

9 August 2024

Life Insurance Corporation of India (LIC) announced robust financial results for the quarter ending June 30, 2024. The company’s Profit After Tax (PAT) surged to ₹10,461 crore, up from ₹9,544 crore in the same period last year, representing a growth of 9.61%. LIC maintained its market leadership in the Indian life insurance sector, capturing a …

Shera Energy Stock Rises After Successfully Increasing Its Production Capacity

Shera Energy Stock Rises After Successfully Increasing Its Production Capacity

29 August 2024

Shera Group: Boosting Production Capacity to Drive Growth In a significant move towards growth and operational excellence, Shera Group has successfully increased its production capacity. This development aligns with the company’s long-term objectives and reinforces its commitment to delivering sustained value to stakeholders. Standalone and Consolidated Production Capacity: The Numbers Shera Group’s production capacity expansion …

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