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Bharti Airtel Partners with SpaceX to Bring Starlink Internet to India

Bharti Airtel Partners with SpaceX to Bring Starlink Internet to India

12 March 2025

Bharti Airtel has announced a strategic partnership with SpaceX, the aerospace giant led by Elon Musk, to introduce Starlink satellite internet services in India. This marks Starlink’s first formal collaboration in the country, significantly boosting Airtel’s presence in the satellite broadband sector, particularly in rural and underserved areas. Regulatory Approvals Still Pending The partnership is …

Tamilnad Mercantile Bank Receives ₹58.91 Crore Tax Demand Notice from Income Tax Department

Tamilnad Mercantile Bank Receives ₹58.91 Crore Tax Demand Notice from Income Tax Department

12 March 2025

Private sector lender Tamilnad Mercantile Bank Ltd (TMB) announced on Tuesday, March 11, that it has received a Notice of Demand under Section 156 of the Income Tax Act, 1961, from the Income Tax Department’s Assessment Unit for the assessment year 2017-18. In a regulatory filing, the bank stated, “We wish to inform that the …

PFC Share Price in Focus Ahead of the Fourth Interim Dividend Announcement

PFC Share Price in Focus Ahead of the Fourth Interim Dividend Announcement

12 March 2025

Power Finance Corporation (PFC) shares gained over 1% on Wednesday as the company’s board is set to decide on a fourth interim dividend for FY25 and a fundraising plan. PFC stock rose 1.1% to ₹404 on the BSE. Board Meeting for Dividend and Fundraising The Maharatna PSU Power Finance Corporation announced that its board will …

Vedanta Repays ₹7,500 Crore Loan, Cuts Debt by ₹4,600 Crore

Vedanta Repays ₹7,500 Crore Loan, Cuts Debt by ₹4,600 Crore

12 March 2025

Vedanta Ltd, the mining and metals giant, has repaid a ₹7,500 crore ($900 million) high-cost loan, reducing its debt burden by ₹4,600 crore ($550 million). The repayment was funded through a mix of proceeds from its ₹8,300 crore ($1 billion) Qualified Institutional Placement (QIP) in June 2024 and a fresh loan at a lower interest …

Sun Pharma Share Price Gains on Mar 12 Amid Checkpoint Therapeutics Acquisition

Sun Pharma Share Price Gains on Mar 12 Amid Checkpoint Therapeutics Acquisition

12 March 2025

Sun Pharmaceutical Industries Limited has been in focus on Wednesday. On March 12, 2025, Sun Pharma share price (NSE: SUNPHARMA) opened at ₹1,662.00, up from its previous close of ₹1,655.30. At 10:14 AM, the share price of Sun Pharma was trading at ₹1,665.50, up by 0.62% on the NSE. Sun Pharma’s Acquisition of Checkpoint Therapeutics …

HUDCO Share Price in Focus as Dividend Ex-Date is Tomorrow (March 13, 2025)

HUDCO Share Price in Focus as Dividend Ex-Date is Tomorrow (March 13, 2025)

12 March 2025

Housing & Urban Development Corporation Limited (HUDCO) has declared an interim dividend of ₹1.05 per share, with the ex-dividend date set for March 13, 2025, and the record date on March 14, 2025. The announcement was made on Monday, March 10, through an exchange filing. Understanding Record Date and Ex-Date Record Date: This is the …

Mid-Day Top Gainers and Losers on March 11, 2025: Sun Pharma and Trent Led Gainers

Mid-Day Top Gainers and Losers on March 11, 2025: Sun Pharma and Trent Led Gainers

11 March 2025

On March 11, 2025, as of 12:02 PM, the BSE Sensex was down 0.24% at 73,938.17, while the Nifty 50 was down 0.07% at 22,437.25. The mid-day top gainers and losers for the day are: Mid-Day Top Gainers  Symbol Open High Low LTP %chng SUNPHARMA 1,616.10 1,660.65 1,605.35 1,657.30 2.84 TRENT 4,739.70 4,925.40 4,722.95 4,924.10 …

Serentica Renewables Secures 315 MW Energy Supply Deal with Hindustan Zinc

Serentica Renewables Secures 315 MW Energy Supply Deal with Hindustan Zinc

11 March 2025

Serentica Renewables and Hindustan Zinc have signed a power delivery agreement (PDA), based on a recent stock exchange filing. Under the partnership, Serentica Renewables will increase its clean energy supply to Hindustan Zinc from 450MW to 530MW. Consequently, the share of clean energy in Zinc’s electricity consumption will grow to 70%.  Shift to Time Block-Based …

Infibeam’s UAE subsidiary rejigged ahead of listing

Infibeam’s UAE subsidiary rejigged ahead of listing

11 March 2025

NEW DELHI: Fintech firm Infibeam Avenues Ltd’s UAE subsidiary has reorganised its shareholding structure ahead of its listing to amplify digital payment strategy, it said in a stock exchange filing. The reorganization involves transferring the mirror shareholding in Avenues World FZ-LLC to its newly incorporated Abu Dhabi entity, Infibeam Avenues ME SPV Ltd. As per …

SBC Exports Board Declares Bonus Shares in 1:2 Ratio

SBC Exports Board Declares Bonus Shares in 1:2 Ratio

11 March 2025

The Board of Directors of SBC Exports Limited approved the allotment of 15,87,30,000 bonus equity shares. The bonus shares have a face value of Re. 1 each and are issued in a 1:2 ratio. This means that shareholders will receive one additional share for every two shares they already own. Increase in Share Capital After …

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