On Tuesday, NTPC announced that its subsidiary focused on green energy has completed the installation of a 14 MW segment of the Ayodhya Solar Photovoltaic Project. NTPC Green Energy Ltd, a fully-owned subsidiary of NTPC, is in the process of establishing a 40 MW solar project in Ayodhya, Uttar Pradesh. Following successful commissioning and obtaining […]
Shares of Hero MotoCorp Limited closed over 1 percent higher at Rs 4,744 on February 13, rebounding from a 4 percent decline the previous day after several brokerages turned bearish on the two-wheeler major due to valuation concerns. The stock closed below its intraday high, having surged 3 percent earlier in the session. In the […]
Bengaluru-based real estate developer Prestige Group has ambitious plans to develop 9 million sq ft of malls within the next three years, revealed Muhammad Ali, CEO of Retail. Initially focusing on Mumbai and Delhi-NCR (National Capital Region), Prestige Group aims to expand its mall footprint, with a deal close to finalization in Delhi-NCR. The company’s […]
Reliance Industries Ltd achieved a significant milestone on February 13 by becoming India’s first company to surpass a market capitalization of Rs 20 lakh crore, propelled by a rally of over 14 percent in its shares since the beginning of 2024. The company’s stock soared to a new all-time high of Rs 2,957 on the […]
Market regulator Securities and Exchange Board of India (Sebi) has declined the National Stock Exchange’s (NSE) settlement application regarding the colocation case, according to sources familiar with the matter. The NSE had applied for settlement under Sebi’s consent mechanism, which enables market participants to resolve alleged security market violations by paying a fee without admitting […]
Kalyani Steel Limited has proposed an investment of Rs 26,000 crore to establish a titanium metal and aerospace components manufacturing complex, along with an integrated advanced specialty steel and automotive components manufacturing facility in Gajamara, situated in Odisha’s Dhenkanal district. According to an official announcement made on Tuesday, the state cabinet has approved special incentives […]
Banks interested in acquiring Paytm Payments Bank’s business would incur costs ranging from Rs 60-66 crore for conducting re-KYC processes for the bank’s merchant customers, according to bankers and industry experts. KYC, or Know Your Customer, is a procedure where financial institutions collect data and documents to verify a client’s identity, while re-KYC involves updating […]
Eicher Motors announced a consolidated net profit of Rs 995.97 crore for the quarter ended December 31, 2023, marking a significant 34.43% year-on-year (YoY) rise. The automaker’s revenue also showed robust growth, climbing 12.28% from the previous year to reach Rs 4,115.6 crore in Q3FY24. Eicher Motors’ results surpassed Moneycontrol’s estimates, which predicted a consolidated […]
Bharat Heavy Electricals Ltd (BHEL) reported a standalone net loss of Rs 163 crore for the quarter ending December 31, 2023, in contrast to a net profit of Rs 31 crore during the same period last year. Despite the loss, the company’s standalone revenue from operations saw a 4.5% increase to Rs 5,504 crore in […]
The rights issue of Indiabulls Housing Finance witnessed oversubscription on February 13, the final day for public bidding. By 2 pm, bids for 39,45,05,105 shares were received against the offer of 24,62,26,515 shares, resulting in a subscription rate of 1.6 times across NSE and BSE. Commencing on February 7, the issue saw a gradual rise […]