Sterlite Power announced on Tuesday that it has secured new orders worth Rs 1,400 crore in the quarter ending December 2023. The orders, obtained from both domestic and export markets, encompass high-performance power conductors, optical ground wire (OPGW), power cables, and other products. Sterlite Power has also received orders for specialized Engineering, Procurement and Construction […]
Jaipur-based realty firm Manglam Group is channeling an investment of Rs 150 crore into the development of ‘Manglam Signature Elite,’ a commercial complex situated at Narayan Singh Circle in Jaipur, Rajasthan. The project spans 3.1 lakh square feet, catering to the increasing demand from corporate entities and retailers in the area. Manglam Group Director, Amrita […]
The government is contemplating adjustments to the Production Linked Incentive (PLI) schemes for specific sectors, including textiles, food processing, and pharmaceuticals, as per a senior official on Tuesday. The official mentioned that a finalized Cabinet note is set to seek approval for these proposed changes from higher authorities. The modifications are intended to enhance the […]
Bank of Baroda’s wholly owned subsidiary, BOB Financial Solutions Limited (BFSL), announced a rebranding on Tuesday, transforming itself into BOBCARD Limited. The company introduced a new logo along with the positioning statement “Credit Reimagined.” According to a press release, the rebranding signifies a renewed commitment to reshape the credit landscape in the country, offering excellent […]
The National Company Law Tribunal (NCLT) has accepted the plea from Zee Entertainment Enterprises Limited shareholder Mad Men Films, requesting the implementation of the abandoned merger with the Indian arm of a Japanese company. As per a CNBC-TV18 report on January 30, the shareholder’s counsel argued that the two media companies should proceed with the […]
Renewable solutions provider Suzlon Group announced on Tuesday that it has won a 642-MW wind power project from Evren company ABC Cleantech Private Limited (ACPL). Evren, a joint venture between Brookfield and Axis Energy in India, is partnering with Suzlon to install 214 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower, each […]
On January 30, 2024, Larsen and Toubro (L&T) announced that its power transmission and distribution business’s renewable engineering, procurement, and construction (EPC) arm secured a project to establish a solar power plant in Dubai. The company disclosed this information in a filing to the Bombay Stock Exchange (BSE). View Announcement The project specifically entails the […]
The face value of BLS E-Services IPO shares stands at ₹10 per share, with a book-building price band set between ₹129 to ₹135 per share. The final price will be determined within this range. This IPO comprises solely a fresh issue of shares, with no Offer for Sale (OFS) component. The fresh issue involves 2,30,30,000 […]
AU Small Finance Bank Ltd witnessed a sharp decline of almost 12% in its shares on Monday following the company’s report of a 4% decline in net profit, amounting to Rs 375 crore for the third quarter ending December 2023. The significant drop was attributed to an increase in bad loans. The stock tumbled by […]
SpiceJet, the no-frills airline, is set to focus on fleet upgrades and cost-cutting measures after securing more than Rs 900 crore in funding this month. The internal note to senior staff revealed a substantial bank balance, including Rs 160 crore from the government’s Emergency Credit Line Guarantee Scheme (ECLGS). Facing various challenges in recent months, […]