From RCF board approving a fund raise up to ₹1,500 crore via FPO to Advait Energy Transitions securing a ₹51.62 crore turnkey contract, these are some…Read More 1/7 Rashtriya Chemicals and Fertilizers Ltd | The company’s board approved raising up to ₹1,500 crore through a Further Public Offering (FPO), subject to approvals from shareholders, the…
Foreign institutional investors (FIIs) remained net buyers in Indian equities for the third consecutive session on Tuesday, purchasing shares worth a provisional ₹393.19 crore, according to exchange data. Domestic institutional investors (DIIs), meanwhile, turned net sellers, offloading equities worth ₹383.43 crore. Tuesday’s buying extended FIIs’ recent return to Indian equities. On Monday, July 6, foreign…
Tata Power has outlined an ambitious growth roadmap, targeting ₹1 lakh crore in revenue and ₹10,000 crore in profit after tax (PAT) by 2030, as it ramps up investments across renewable energy, transmission, distribution and emerging businesses. Addressing shareholders at the company’s annual general meeting (AGM) on Tuesday, July 7, Chairman N. Chandrasekaran said, “Tata…
Auto components maker Uno Minda Ltd on Tuesday (July 7) said it has announced its entry into the four-wheeler passenger vehicle seating systems segment with a proposed investment of around ₹320 crore for a greenfield manufacturing facility in Chhatrapati Sambhajinagar, Maharashtra. The company’s board of directors has approved the setting up of the state-of-the-art facility,…
A likely improvement in geopolitical conditions and rising oil supply could keep crude prices under pressure over the next six to 12 months, according to Citi’s Global Head of Commodities, Max Layton. At the same time, the bank believes investors should wait before returning to gold and silver, as both precious metals could face further…
The Offer for Sale (OFS) in Cochin Shipyard Ltd (CSL) received an overwhelming response from investors on the first day on Tuesday (July 7), with the issue getting oversubscribed 3.52 times, according to the Secretary, Department of Investment and Public Asset Management (DIPAM). Following the strong investor response, the government has decided to exercise the…
Crude oil prices returned to the levels last seen before the start of the war in West Asia, thanks to Indian Oil Corporation to cut prices. While the latest Brent Crude price ticker shows a bounce back above $73 a barrel after a strike on a vessel carrying liquefied natural gas in the Strait of…
Water and sewerage infra player EMS Ltd on Tuesday (July 7) said it has received the lowest bidder (L-1) status from the Delhi Jal Board, Delhi Government, for a sewerage work project with an estimated order value of approximately ₹158.29 crore, including GST. The project involves providing, laying and jointing internal and peripheral sewer lines…
Ahmedabad-based Advait Energy Transitions Ltd on Tuesday (July 7) said it has secured a ₹51.62 crore turnkey contract from Dakshin Gujarat Vij Company Ltd (DGVCL) for the supply, installation, testing and commissioning of 11KV 55mm² AAAC Medium Voltage Covered Conductors (MVCC) and related works. The order, received on July 6, covers the supply, installation, testing…
Non-deposit-taking NBFC Poonawalla Fincorp Ltd on Tuesday (July 7) approved the issuance of unsecured, redeemable, rated, listed, subordinated non-convertible debentures (NCDs) constituting Tier II capital worth up to ₹200 crore through a private placement. The approval was granted by the company’s Finance Committee under the authority delegated by the Board of Directors. The company will…
