Transrail Lighting has secured new international orders worth about ₹459 crore, primarily in its transmission and distribution (T&D) business, providing a further boost to its overseas order book and growth pipeline. The engineering, procurement and construction (EPC) company said the orders mainly comprise transmission line projects in the Middle East and North Africa (MENA) region,…
Realty firm Puravankara Ltd on Friday (June 26) said its board has approved the sale and transfer of its entire 100% paid-up equity shareholding in Purva Ruby Properties Private Ltd, its wholly owned subsidiary, to Prishal Office Parks III Private Ltd for ₹145 crore. Upon completion of the transaction, Purva Ruby Properties will cease to…
Gold refining and jewellery manufacturing company, Rajesh Exports Ltd, on Friday (June 26) said the Enforcement Directorate (ED) conducted a search at the company’s premises, which concluded on June 25. The company said its officials fully cooperated with the authority and provided all the details that were sought during the search. “The company would like…
South Korea’s benchmark stock index, the KOSPI, witnessed another sharp decline on Friday, forcing the exchange to temporarily halt trading for the second time this week as a wave of selling swept through technology and semiconductor stocks amid mounting concerns over the artificial intelligence (AI) sector. The Korea Exchange suspended trading for 20 minutes after…
State-run Power Grid Corporation of India Ltd on Friday (June 26) approved a proposal to increase its borrowing limit to ₹2.2 lakh crore from ₹1.8 lakh crore, subject to shareholder approval at the company’s upcoming Annual General Meeting (AGM). The board also approved raising up to $500 million in foreign currency funds through External Commercial…
Indoco Remedies Ltd. has received European Union Good Manufacturing Practice (EU GMP) certification for its Goa-based solid oral dosage manufacturing facility, strengthening the company’s regulatory standing in overseas markets. The certification was granted by the Malta Medicines Authority following an inspection of the facility, known as Plant I, conducted between November 19 and November 24,…
Ashoka Buildcon Ltd. has received a Letter of Acceptance (LoA) from the Central Housing and Planning Authority of Guyana for the construction of a four-lane highway project worth GYD 7.46 billion (about $35.42 million), the company said in an exchange filing on Friday, June 26. The project involves the construction of a four-lane highway from…
National Stock Exchange (NSE) Managing Director and Chief Executive Officer Ashish Chauhan has urged startups and MSMEs to embrace public markets as a tool for raising capital, improving governance and accelerating growth, while cautioning founders against becoming overly focused on daily stock price movements. Speaking at the JITO Incubation and Innovation Foundation’s Foundation Day event…
State-run Oil and Natural Gas Corporation (ONGC) has elevated its finance director Anupam Agarwal to the role of Chief Financial Officer (CFO), the company announced on Friday, June 26. Agarwal will assume responsibilities with immediate effect, replacing Yogish Nayak S, the company informed the exchanges. Agarwal, who has more than three decades of experience in…
In terms of stock preferences, Kotak continues to favour frontline private sector banks, citing stronger franchises and better execution capabilities. Among these, HDFC Bank and ICICI Bank remain its top picks, with the brokerage suggesting that Axis Bank will need to show stronger performance to justify any valuation premium over peers. Within the public sector…
