Introduction Kiri Industries Limited, a prominent player in the dyes and intermediates market, has recently seen its stock surge to a six-month high. This remarkable rally comes on the back of two significant developments: a favorable ruling from the Singapore International Commercial Court (SICC) and a preferential allotment to its promoters. Let’s delve into these …
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Nalco Joint Venture Firm KABIL Signs MoU With Oil India
29 August 2024An Indian public sector company called National Aluminium Company Limited operates integrated and diverse operations in the metal, mining, and power sectors. At the moment, NALCO is administered by the Ministry of Mines, with the Government of India owning 51.28% of the company’s equity. NALCO joint venture KABIL signs MoU with Oil India: NALCO (National …

InterGlobe Aviation Founder & Family Trust to Sell Up to 2.30 Crore Shares
29 August 2024Rakesh Gangwal, one of the co-founders of India’s leading airline, IndiGo, along with the Chinkerpoo Family Trust, has reportedly initiated the sale of up to 6% of InterGlobe Aviation Ltd through a block deal. This transaction involved around 2.3 crore shares at a floor price of Rs.4,760 each, amounting to approximately Rs.11,000 crore. Following the …

Block Deal Alert: Welspun Living Sees Rs 781.5 Crore Trade; Stock Sinks 3%
29 August 2024Welspun Living Limited, part of the renowned Welspun Group, stands tall as one of the largest home textile manufacturers in the world. The company offers an extensive range of home and technical textile products, alongside innovative flooring solutions. Over the years, Welspun Living has established itself as a thought leader in the home textile industry …

Vedanta board to consider third interim dividend for FY25 on September 2
29 August 2024Based in Mumbai, Vedanta Limited is a multinational mining company primarily involved in iron ore, gold, and aluminum mining in Goa, Karnataka, Rajasthan, and Odisha. On August 28, Vedanta Ltd. made an announcement on Wednesday, saying that its board will convene the following week to deliberate and authorize the third interim dividend for the current …

Adani Group to invest Rs 3,500 crore in two projects in Madhya Pradesh
29 August 2024Adani Group comprises Adani Ports and Special Economic Zone Limited, an Indian multinational port operator and logistics company. Gwalior is fast growing as a travel destination, a center of commerce and transportation, and a pool of top talent. Due to all of them, Gwalior is becoming one of the developing economic hubs of India and …

MTNL- Union Bank freezes all company accounts
29 August 2024Founded on April 1, 1986, Mahanagar Telephone Nigam Limited (MTNL) is a wholly-owned subsidiary of Bharat Sanchar Nigam Limited, which has its headquarters in New Delhi, India. In addition to the island nation of Mauritius in Africa, MTNL offers services in the major Indian cities of Mumbai and New Delhi. Union Bank has frozen all …

Tencent Set to Sell 2.1% Stake in PolicyBazaar for Rs. 1,610 Crore
29 August 2024PB Fintech Ltd, better known as PolicyBazaar, is India’s go-to online platform for insurance and lending products, operating through its popular brands—PolicyBazaar and PaisaBazaar. These platforms make it easy for users to access a wide range of insurance, credit, and financial products. In a major move, Chinese tech giant Tencent is gearing up to sell …

Century Textiles to Purchase Land from Hindalco in Kalwa, Thane, Issues Rs 400 Crore Corporate Guarantee
5 September 2024Century Textiles and Industries Ltd has evolved significantly since its origins as a single-unit textile company in 1987. Over the years, it has transformed into a diversified conglomerate with a strong presence across multiple sectors. While the company remains a leader and trendsetter in the cotton textiles industry, it has also expanded its reach into …

Minda Corporation Partners with China’s Sanco to Expand EV Market Footprint
5 September 2024For more than 60 years, Spark Minda has been a significant force in the global automotive sector. As a leading manufacturer of automotive components, we supply OEMs and Tier-I suppliers. The group, which is estimated to be worth US $610 million and employs over 16,000 people, provides products to some of India’s top producers of …