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Shares of NTPC Limited rose 1% to Rs 237 in early trade on September 13, recovering slightly after the stock fell over 3% on September 12. megawatt (MW) of the Telangana Super Thermal Power Project. The installed capacity of NTPC Limited and NTPC Group reached 57,838 MW and 73,824 MW, respectively, the company said in …
NTPC stock darts up on Unit 1 trial of Telangana power project Read More »
The Reserve Bank of India has approved the appointment of Dipak Gupta as Interim Managing Director and CEO of Kotak Mahindra Bank for a two-month term. Gupta oversees many of the bank’s responsibilities as head of IT, cybersecurity, customer experience and business intelligence, and previously served as co-managing director. Gupta’s involvement with Kotak dates back …
RBI approves Dipak Gupta’s appointment as interim chief of Kotak Mahindra Bank Read More »
Fees for using a service – whether a convenience, platform or order fulfillment fee – are now becoming the norm as companies claim the service helps them pay their bills. While fees are a relatively new concept for businesses, e-commerce companies and service providers like BookMyShow were among the first to introduce additional fees per …
Aditya L1 launches live update: Aditya-L1 is scheduled to take off from Sriharikota today at 11:50 am. You can even watch it live on ISRO’s Facebook and Youtube channels or on DD National TV. Aditya L1 will take the same approach as Chandrayaan-3 to reach the specified location. It will first enter Earth’s orbit, then …
Aditya L1 Launch LIVE Updates: It’s take-off day. Sriharikota readies for solar probe Read More »
Zomato’s shares opened 5% higher on August 30 after a 1.17% blockade agreement was made on the exchange. About 10 crores of shares, or 1.17% of the shares, changed hands with an average floor price of Rs 94.70 per share. The total value of the transaction is approximately Rs 947 crore. As of 9:48 a.m., …
Zomato block deal: 1.17% stake sold for Rs 947 crore, SoftBank likely seller Read More »
In a video message to shareholders, the company’s chairman said the separate listing of different businesses would help grow the pure business. Billionaire Anil Agarwal said Vedanta is considering listing some or all of the companies separately, based on feedback from advisors. In a video message to shareholders, the president of the company, which has …
Vedanta head says mulling separately listing different businesses Read More »
Shares of Manappuram Finance fell 1.98% at Rs 143.2 as of 9:47 a.m. after the company’s 11% share capital changed hands in a block deal on Aug. 24, Bloomberg reported. . However, details about the buyer and seller are still unknown. As of June 30, founding vice president Nandakumar holds a 29% stake in Manappuram …
Manappuram Finance shares fall 2% amid reports of block deal Read More »
Pharmaceutical company Torrent Pharma has entered the fray to acquire the Hamied family stake in Cipla in what could be the biggest pharmaceutical deal since 2014. (2.3x) combined revenue in fiscal 2023, 2.3 times earnings and 1.46 times current market value, according to a report. More importantly, the Hamied family’s competition to buy Cipla shares …
Torrent Pharma joins race to acquire Hamied family stake in Cipla Read More »
Shares of Patel Engineering jumped 3% to a 52-week high of Rs 58.54 crore in early trading on Aug 22 after a joint venture won the Madhya Pradesh urban infrastructure development project. Jal Nigam. Madhya Pradesh government enterprise has declared Patel Engineering as the lowest contractor in a joint venture (JV) for contract worth Rs …
Patel Engineering rallies to 52-week high after JV bags Rs 1,275-crore project Read More »
ICICI Securities Research Report on JK . Cement JK Cement (JKCE)’s performance in Q1FY24 remained good, being one of the few cement companies to record a QoQ margin improvement of around 170 basis points (EBITDA 15% higher than estimates). We see the possibility of further margin improvement through the short-term benefits of a) new Panna …
Buy JK Cement; target of Rs 3856: ICICI Securities Read More »
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