GQG Partners has made another strategic investment in GMR Airports Infrastructure Limited by acquiring an additional 4.5 crore shares, equivalent to a 0.43% equity stake, via a bulk deal on August 23, according to an exchange filing. With this purchase, GQG’s total stake in the company has risen to 5.17%. A History of Strategic Investments …
On August 14, 2024, SKF India’s Board of Directors approved the unaudited financial results for the quarter and half-year ending June 30, 2024. SKF India is a top provider of bearings, condition monitoring, and related services. For the quarter ended June 30, 2024, SKF India reported a revenue of ₹12,062 million, an increase from ₹11,496 …
On August 14, 2024, Gensol Engineering Limited, in partnership with Matrix Gas & Renewables Ltd, announced its success in securing a 237 MW annual capacity under the Production Linked Incentive (PLI) scheme. The company stated that this bid, awarded through a competitive tender by the Solar Energy Corporation of India (SECI), will fund the establishment …
Piccadily Agro Industries Limited (PAIL) has announced its financial results for the first quarter of FY 2024-25, highlighting both challenges and growth within the company. On a standalone basis, PAIL reported a total income of ₹209 crore, reflecting an 8.7% decline from ₹229 crore in the corresponding quarter of the previous fiscal year. Despite the …
PSP Projects, a renowned name in India’s construction industry, announced a significant achievement on Wednesday, August 14. The company has secured multiple contracts worth a cumulative over Rs 650 crore, marking a strategic expansion of its portfolio in civil and structural engineering projects. These contracts not only underscore the company’s robust operational capabilities but also …
On Wednesday, the Indian stock markets exhibited a positive bias, trading within a narrow range. Among the stocks making headlines was EPL Ltd., which witnessed an impressive double-digit rally. EPL shares surged nearly 12%, reaching a 52-week high of Rs 252.90 apiece on the NSE. This rally came on the back of the company’s strong …
Introduction to Power Mech Projects Ltd (PMPL) Incorporated in 1999, Power Mech Projects Ltd (PMPL), based in Hyderabad, is a leading engineering and construction services provider with a primary focus on the power and infrastructure sectors. Over the years, PMPL has diversified its operations across a broad spectrum of industries, including Railways, Transmission & Distribution …
Indian markets have experienced a breathtaking rally on Friday, with the NSE benchmark Nifty50 index soaring above the 24,500 mark and the Sensex surpassing the 80,200 mark. The Nifty Bank also made significant strides, jumping 740 points to climb above the 50,450 mark. The broader markets echoed this bullish sentiment, with the Nifty Midcap and …
Tata Steel Ltd. has made a strategic move to strengthen its global presence by acquiring over 115 crore equity shares in T Steel Holdings Pte. This acquisition, detailed in the company’s filing on the BSE, underscores Tata Steel’s ongoing efforts to consolidate its subsidiaries and expand its footprint in the global steel market. Significant Equity …
Hindustan Zinc Ltd., a key player in the Indian mining industry, has informed the stock exchanges that its board will meet on August 20 to consider a second interim dividend for the current fiscal year. This announcement has garnered significant attention, particularly due to the company’s historical dividend payouts and its strategic importance to major …
