In an era where electric vehicles (EVs) are gaining traction, the need for robust EV charging infrastructure is more critical than ever. Servotech EV Infra has taken a significant step towards enhancing this infrastructure by entering into a major agreement with Noida Power Company Limited (NPCL). This collaboration aims to facilitate the growth and accessibility ...
Delhivery, one of India’s leading logistics service providers, has made headlines with a recent investment deal that showcases the growing interest in the logistics sector. On Thursday, a consortium including Morgan Stanley, Citigroup Global Markets Singapore, and six other entities acquired a 1.6% stake in Delhivery through an open market transaction. This development reflects the ...
The recent announcement from the bank regarding its capital-raising initiative has sparked interest among investors and analysts alike. With a plan to raise up to ₹6000 crore through equity and debt, the bank aims to strengthen its financial position and improve its operational capabilities. This move comes in a mixed market context, as evidenced by ...
The Indian business landscape is continuously evolving, with notable developments among prominent players in various sectors. Recently, Gautam Adani’s conglomerate, Vedanta led by mining magnate Anil Agarwal, and Dalmia Bharat Cement have submitted their resolution plans through the bankruptcy process. Meanwhile, Yoga guru Ramdev’s Patanjali has chosen to distance itself from these proceedings, suggesting a ...
The PM Kisan scheme plays a crucial role in providing financial assistance to farmers across India. Under this initiative, eligible farmers receive a total of ₹6,000 annually, distributed in three equal installments of ₹2,000 each. This program aims to alleviate the financial burden on farmers, ensuring they have the necessary funds for essential agricultural activities. ...
The financial performance of the company in the March quarter has showcased significant developments. While the company’s integrated net profit has seen a dramatic decline compared to the previous year, there are notable changes in revenue generation and promoter shareholding. Financial Overview Net Profit Decline In the March quarter, the company’s integrated net profit declined ...
In recent developments within India’s financial sector, the Securities and Exchange Board of India (SEBI) is actively pursuing a comprehensive review of the mutual fund regulatory framework. This initiative aims to streamline operations and foster a more efficient environment for various stakeholders, including regulators, asset management companies, and investors. Executive Director Manoj Kumar emphasized the ...
Icon Facilitators Limited is set to make waves in the SME category with its upcoming Initial Public Offering (IPO). This marks a significant milestone for the company as it seeks to expand its reach and capital through public investment. With the IPO opening for subscription on June 24 and closing on June 26, investors are ...
LG Electronics, a prominent player in the electronics industry, had initiated the IPO process earlier this year. However, in April, the company decided to temporarily halt its IPO plans due to a turbulent market environment. This article delves into the reasons behind this decision, the implications for the company, and what it means for investors ...
Recently, a significant meeting was held by the Board of Directors of the Securities and Exchange Board of India (SEBI), where several crucial proposals were approved. These decisions have far-reaching implications, ranging from the de-listing of Public Sector Undertakings (PSUs) to the regulations concerning the Initial Public Offerings (IPOs) of startups. Let’s delve into the ...