Power Mech Projects Ltd (PMPL) saw a rise in its share price today, following the announcement of securing a major contract. The company’s shares surged as much as 6% to an intraday high of Rs.6,039.80 per share before settling at Rs.5,850 per share by 9:34 AM, reflecting a 3% increase, this was in contrast to …
The recently listed electric vehicle maker Ola Electric Mobility Limited recently announced its results for the quarter ended June 30, 2024 (Q1 FY2025). Ola Electric recorded the highest-ever quarterly revenue, with a YoY growth of 34.32% to ₹1,718 Crore, compared to ₹1,279 Crore for the quarter ended June 30, 2023. Highest Ever Deliveries During the …
On August 14, 2024, Panacea Biotec Limited, a leading pharmaceutical and biotechnology company, announced in an exchange filing that it had started a Phase III clinical trial of its tetravalent dengue candidate vaccine, DengiALL, in India with the Indian Council of Medical Research. The trial commenced after receiving approval from the Drugs Controller General of …
Ola Electric Mobility Limited reaffirmed its commitment to transforming India into a global EV and new energy hub by announcing a series of new products and future plans across its EV and energy verticals. Expanding the EV Portfolio The company entered the electric motorcycle segment with the launch of its Roadster series, comprising the Roadster, …
REC Limited informed in a stock exchange filing that the company’s wholly-owned subsidiary, REC Power Development & Consultancy Limited (RECPDCL), has incorporated a wholly-owned subsidiary, Rajasthan IV 4B Power Transmission Limited. The new company was officially incorporated on August 14, 2024. It is established with an authorised and paid-up capital of ₹5,00,000 each. The creation …
Arman Financial Services reported its financial results for the quarter ended June 30, 2024 (Q1 FY 2025). The company reported that the consolidated Asset Under Management (AUM) reached approximately ₹2,594 crore, marking a 21% year-on-year growth. Due to macroeconomic challenges, disbursement activity slowed, with disbursements for Q1 FY25 totalling around ₹459 crore. Net total income …
According to a senior executive of the Steel Authority of India Limited (SAIL), the company’s blended realisations could decline further sequentially by ~₹1,000 per tonne this quarter due to continued pressure from low-priced Chinese steel imports. For the June quarter, net sales realisation, or blended steel prices, were ₹53,700 per tonne, down ₹800 from the …
Shares of Morepen Laboratories have been on a remarkable upward trajectory, with the stock surging 16% on Monday to reach a fresh three-year high. The stock opened at Rs 61.50 and continued to strengthen throughout the day, touching an intraday high of Rs 71.50. This rally has caught the attention of investors and analysts alike, …
Introduction to Kitex Garments Ltd (KGL) Incorporated in 1992, Kitex Garments has grown under the leadership of Mr. Sabu Jacob to become a significant player in the global infantwear market. Alongside its sister company, Kitex Childrenswear Ltd (KCL), which holds a 15.9% stake in KGL, the company manufactures and exports high-quality infant garments to prominent …
Hero MotoCorp, formerly known as “Hero Honda,” is one of India’s biggest motorcycle manufacturers, announced on Sunday that it has received a major tax demand notice from Delhi GST authorities, of over Rs.17 crore. The notice, dated August 17, 2024, majorly talks about the disallowance of input tax credit for the financial year 2019-20. According …
