Vedanta demerger : Vedanta Limited, a natural resources conglomerate owned by billionaire Anil Agarwal, has announced a major restructuring plan that will create six independent verticals through demerger of its underlying companies. The move is aimed at unlocking value and potential for faster growth in each vertical, as well as simplifying and streamlining the corporate … Read more
Plaza Wires, a Delhi-based wires manufacturing company, is all set to launch its initial public offering (IPO) on September 29, 2023. The company sells wires, LT aluminum cables, and FMEG products under brands like Action Wires, Plaza Cables, and PCG. The company has a unit in Himachal Pradesh’s Baddi and plans to set up another … Read more
Nazara Technologies, a leading gaming and sports media platform in India and abroad, has landed in a GST controversy over its export of services. The company has been slapped with a show-cause notice and a tax demand of Rs 2.83 crore from the Director General of GST Intelligence (DGGI), Mumbai. Why did Nazara Technologies received … Read more
Hi-Green Carbon Ltd, a company that recycles waste tyres into valuable products, has launched its initial public offering (IPO) on September 21. The IPO is open for subscription till September 25 and is expected to list on the NSE SME platform on October 4. If you are interested in investing in this IPO, here are … Read more
India is set to receive a huge boost in foreign investments as JP Morgan, one of the world’s largest investment banks, has announced that it will include Indian bonds in its Emerging Markets bond index from June 2024. This is a historic milestone for India, as it will open up a large pool of global … Read more
HDFC Bank, one of the largest private sector banks in India, witnessed a sharp fall in its share price on Wednesday, September 20, 2023. The stock opened at ₹1,599 on BSE and dropped 4.02 per cent to ₹1,563.50 during the day’s trade. The market capitalisation of HDFC Bank also declined to nearly ₹11.8 lakh crore … Read more
Ashoka Buildcon, a leading infrastructure construction and development company in India, has received a boost in its share price after announcing that it has secured orders worth Rs 645.70 crore from Maharashtra State Electricity Distribution Company (MSEDCL). What is the orders for Ashoka Buildcon from MSEDCL? The orders are for the development of distribution infrastructure … Read more
RR Kabel, the wires and cables manufacturer has preponed its listing date by four days and decided to list shares on the exchanges on September 20, two days after the issue close. RR Kabel, a Gujarat-based consumer electrical products company, has set a new record in the Indian stock market by becoming the first company … Read more
Jupiter Life Line Hospitals, a leading healthcare service provider in the Mumbai Metropolitan Area (MMR) and western region of India, is set to make its stock market debut on September 18. The company, which operates three multi-specialty hospitals with a total capacity of 1,194 beds, got listed on Indian stock market with a 32.4 percent … Read more
Vedanta Resources, the mining giant owned by Anil Agarwal, has proposed a merger of its Zambian copper mine, Konkola Copper Mines (KCM), with its Indian subsidiary, Vedanta Ltd. The move comes after Vedanta regained control of KCM from the Zambian government, which had seized the mine in 2019 over alleged environmental and financial violations. Key … Read more
