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
Zaggle Prepaid Ocean Services, a fintech company that provides spend management solutions, has announced that its initial public offering (IPO) will open for subscription on September 14 and close on September 18. The company has fixed the price band of the IPO at ₹156-₹164 per equity share. The IPO consists of two parts: a fresh … Read more
Mazagon Dock Shipbuilders Limited (MDL) is one of the leading defence public sector undertakings in India, engaged in building and repairing ships, submarines, and offshore structures for the Indian Navy and other clients. The company has a rich history of over 200 years and has delivered 801 vessels since 1960, including 27 warships and 7 … Read more
Vikas Lifecare, a small cap company engaged in the business of pharmaceuticals and healthcare products, has announced a fund raising plan of Rs 97 crore through preferential issue of convertible warrants. The company’s share price has been on a rising trend since the last week of August 2023, delivering impressive returns to its investors. In … Read more
A small cap shipping company, Cochin Shipyard share price has hit a 20% upper circuit on 7 Sep. Will the rally comtinue? Here is a brief history of the company and it’s plans for future that can keep the price pumping. What does Cochin Shipward do ? Cochin Shipyard Ltd (CSL) is a leading public … Read more
India is facing a severe power crisis as the demand for electricity has soared to record levels in September. The main reason for this is the dry weather caused by the rain deficit, which has increased the use of irrigation pumps by farmers and cooling appliances by households. To avoid blackouts and ensure adequate power … Read more
Tata Consumer Products Ltd, the consumer arm of the Tata Group, saw its share price soar on Wednesday, reaching close to its one-year high level. The stock jumped 4.40% to touch an intraday high of Rs 883, which was just 0.10 per cent shy of its 52-week high of Rs 883.85, recorded on July 26 this … Read more
MMTC Ltd (known fully as Metals and Minerals Trading Corporation of India), a state-owned trading company, has seen its share price soar by 50% in the last three trading sessions, hitting a 52-week high of Rs 63 on Tuesday. The stock has more than doubled in the last six months, making it a multibagger. However, … Read more
IDFC First Bank, a private sector lender, has achieved a remarkable feat by becoming the 10th most valuable bank in India by market capitalization (MCap). The bank has overtaken two public sector banks, Union Bank of India and Canara Bank, in terms of valuation as of September 5, 2023. According to BSE data, IDFC First … Read more
Swaraj Tractors, the homegrown tractor brand of Mahindra Group, has launched a new range of tractors in the 40-50 horsepower (HP) category in partnership with its brand ambassador and former Indian cricket captain MS Dhoni. The new range, which includes four models – Swaraj 742 XT, Swaraj 742 FE, Swaraj 744 FE and Swaraj 744 … Read more
