State-owned Rashtriya Chemicals and Fertilizers Ltd (RCF) on Friday (September 25) approved the placement of a ₹797 crore purchase order, plus taxes, with Larsen & Toubro Ltd for the revamp of its ammonia plant. The order has been awarded on a lowest tender basis and has a tenure of 36 months. The scope of the…
Adani Power has completed the merger of 10 of its wholly owned subsidiaries with the company, as part of a group restructuring that became effective on September 25, 2026. The merger scheme was approved by the National Company Law Tribunal (NCLT) benches in Ahmedabad and Mumbai, with the Ahmedabad bench issuing its order on August…
The steady expansion of India’s listed universe through new listings, coupled with the underperformance of large-cap stocks, has reduced the dominance of the country’s top 500 companies in overall market capitalisation to a record low. The BSE 500 Index, which once accounted for about 96% of the combined market value of companies listed on the…
A block deal has been launched by a commercial and industrial renewable energy provider, Clean Max Enviro Energy Solutions Ltd, with Augment India Holdings likely to sell 85 lakh shares, representing a 7.25% stake in the company. The offer size is pegged at ₹1,062.8 crore, while the floor price for the deal has been set…
Sedemac Mechatronics Ltd on Friday (September 25) said it commenced limited commercial production at its new manufacturing facility in Shinde village, Khed taluka, Pune district, Maharashtra. The facility, referred to as Manufacturing Facility 3 (MF3), is located at Village Shinde, Taluka Khed, District Pune – 410501. The company said it will progressively operationalise the remaining…
Karnataka-based precision and product manufacturing company Aequs Ltd on Friday (September 25) said its board has approved a preferential issue of up to 2,80,71,690 warrants to Mellwood Trustee Services Private Limited, trustee of the Melligeri Private Family Foundation and a member of the promoter group, for approximately ₹650 crore. Of the total issue size, ₹325…
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Foreign institutional investors (FIIs) were net sellers in Indian equities on Friday, offloading shares worth ₹3,693.93 crore on a provisional basis, while domestic institutional investors (DIIs) remained net buyers with purchases of ₹2,838.17 crore, according to exchange data. FIIs bought equities worth ₹12,327.36 crore and sold shares worth ₹16,021.29 crore during the session, resulting in…
Realty firm Prestige Estates Projects Ltd on Friday (September 25) said its subsidiary Prestige Hospitality Ventures Ltd (PHVL) has withdrawn its Draft Red Herring Prospectus (DRHP) filed with SEBI for a proposed initial public offering (IPO) of its equity shares. “We wish to inform you that our subsidiary, Prestige Hospitality Ventures Limited (“PHVL”), filed a…
Goldman Sachs has a buy rating on the wholesale stock. It lowered its price target on shares to $1,134 from $1,159, though the new forecast suggests 26% upside from Thursday’s close. Costco Wholesale reported quarterly figures that show the company is taking steps to overcome macroeconomic pressures, setting up the stock for a big move…
