Articles for category: Business

Rajiv Sharma

Investors get relief as SEBI extends deadline by six months for shares

Investors get relief as SEBI extends deadline by six months for shares

Indian investors have received exciting news from the Securities and Exchange Board of India (SEBI). In a significant move aimed at simplifying the investment process and protecting investor rights, SEBI has introduced a six-month facility for share transfer requests. What is SEBI’s New Initiative? SEBI’s initiative is designed to streamline the process of transferring shares ...

Rajiv Sharma

Logistics Company Prepares for IPO, Learn the Full Plan

Logistics Company Prepares for IPO, Learn the Full Plan

Logistics service provider Shadowfax Technologies Limited has filed a confidential Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The proposed Initial Public Offering (IPO) is expected to raise between ₹2000 to ₹2500 crores. This move marks a significant milestone for the company as it aims to expand its operations ...

Rajiv Sharma

China's dominance will end as Indian company prepares to produce rare magnets.

China’s dominance will end as Indian company prepares to produce rare magnets.

In a significant step towards advancing India’s manufacturing capabilities, Gurgaon-based Sona Comstar has announced its plans to produce rare earth magnets domestically. This initiative is pivotal for reducing dependency on imports and enhancing the country’s position in the global supply chain. With an increasing demand for magnets in various industries, this move signifies an important ...

Rajiv Sharma

Share plummeted 99% to ₹1.15, now turned ₹1 lakh into ₹60 lakh.

Share plummeted 99% to ₹1.15, now turned ₹1 lakh into ₹60 lakh.

Reliance Power, a player in the Indian energy sector, has seen significant fluctuations in its stock value recently. After experiencing a dramatic drop of over 99%, the stock price plummeted to an alarming ₹1.15. However, this was not the end of the story, as the shares rebounded remarkably, showcasing a staggering increase of 5925% from ...

Rajiv Sharma

Company to work on electric vehicle charging deal with NPCL

Company to work on electric vehicle charging deal with NPCL

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 ...

Rajiv Sharma

Several big players sold stakes in Delhi, deal finalized at ₹461 crore.

Several big players sold stakes in Delhi, deal finalized at ₹461 crore.

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 ...

Rajiv Sharma

Bank raising ₹6000 crore fund as investors sell shares amid market surge

Bank raising ₹6000 crore fund as investors sell shares amid market surge

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 ...