NEWS
Zinka Logistics (Blackbuck) listed today at ₹275, while the IPO price band for Blackbuck Services was ₹259 to ₹273 per share. As of 11:13 AM on November 22, 2024, the current price is ₹261. Zinka Logistics Solutions Ltd incorporated in 2015 , It provides a digital trucking platform for payments, telematics, loads marketplace, and vehicle…
Tata Powe On November 21, 2024, at the Climate Conference (COP29) in Baku, Azerbaijan, Tata Power and the Asian Development Bank (ADB) signed a Memorandum of Understanding (MoU) to explore financing options for Tata Power’s strategic energy projects. The initiatives, with an estimated cost of $4.25 billion, aim to: Enhance India’s power infrastructure Expand renewable…
On November 22, 2024, VIP Industries Limited responded to a news on November 21, 2024. The article, titled “VIP Ind up 7% on reports Advent Int’l may acquire controlling stake,” suggested that private equity firm Advent International might acquire a controlling stake in VIP Industries. The report triggered a notable rise in the company’s stock…
The Board of Directors of Wipro Limited approved a bonus share issue on October 17, 2024, followed by shareholder approval via a remote e-voting process on November 21, 2024. Bonus Share RatioThe bonus shares will be issued at a 1:1 ratio, meaning shareholders will receive one bonus share for every existing share held. Eligible shareholders…
In a significant legal development, the United States Department of Justice and the US Securities and Exchange Commission (SEC) have filed both a criminal indictment and a civil complaint against Gautam Adani and two other directors of Adani Green Energy Limited. The charges have been filed in the US District Court for the Eastern District…
BEML Limited, a public sector enterprise under the Ministry of Defence, has secured a major order worth ₹246.78 crore from Central Coalfields Limited (CCL), marking a significant achievement for the company in the mining sector. Key Highlights: Order Details: BEML will supply 48 BH60M Rear Dump Trucks to CCL, along with spares, consumables, and after-sales…
Today, the United States Securities and Exchange Commission (SEC) charged Gautam Adani, chairman of the Adani Group, with allegedly paying $265 million in bribes to Indian government officials. These payments were purportedly made to secure contracts for Adani Green Energy, the renewable energy subsidiary of the conglomerate. The SEC also accused Adani of misleading U.S….
Zodiac Energy Limited (Zodiac) has entered into a Memorandum of Understanding (MOU) with the State Bank of India (SBI) on November 19, 2024. The company announced the MOU in letters to BSE Limited and the National Stock Exchange of India Limited on November 20, 2024. Purpose of the MOU: The primary objective of this MOU…
UPL Limited has announced the partial divestment of its stake in Advanta Enterprises Limited (AEL), a subsidiary specializing in the seed business. Currently, UPL holds an 86.67% stake in AEL, with KKR owning the remaining 13.33%. Transaction Details: UPL’s board has approved the sale of an 8.93% stake in AEL to Alpha Wave Ventures II,…
Finance Minister Nirmala Sitharaman, speaking at the 11th SBI Banking and Economics Conclave 2024, highlighted the challenges posed by high borrowing costs. She urged banks to make interest rates more affordable to enable industries to scale up and build capacities. Currently, the Reserve Bank of India’s (RBI) repo rate stands at 6.50 percent and has…