Articles for category: Business

Rajiv Sharma

Hyundai Motor reveals major plan to invest Rs 32,000 crore before IPO

Hyundai Motor reveals major plan to invest Rs 32,000 crore before IPO

Introduction Hyundai Motor India Limited is on the verge of launching its much-anticipated Initial Public Offering (IPO). As the IPO date approaches, the company has unveiled its ambitious future plans which include significant investments aimed at enhancing production and strengthening its position in the Battery Electric Vehicle (BEV) sector. This article delves into Hyundai’s future ...

Rajiv Sharma

Defense sector giant awarded Maharatna status for significant benefits

Defense sector giant awarded Maharatna status for significant benefits

Hindustan Aeronautics Limited (HAL) has recently been conferred with the prestigious status of a Maharatna company. This recognition signifies HAL’s significant contributions to the aerospace sector and its vital role in India’s defense capabilities. As reported by the Department of Public Enterprises on Saturday through social media, this elevation acknowledges HAL’s robust financial performance and ...

Rajiv Sharma

Top investor's company sees profit surge, sluggish stock performance—are you betting on it?

Top investor’s company sees profit surge, sluggish stock performance—are you betting on it?

The financial performance of Avenue Supermarkets in the September quarter has shown an notable improvement, reflecting the company’s resilience and strategic initiatives. This increase in profit demonstrates the company’s effectiveness in navigating market challenges and capitalizing on consumer trends. Financial Performance Overview Avenue Supermarkets reported a profit of ₹659.44 crores for the September quarter, marking ...

Rajiv Sharma

Stock soars after quarterly results, owned by Mukesh Ambani

Stock soars after quarterly results, owned by Mukesh Ambani

Just Dial, a prominent local search engine in India, has recently reported its financial results for the September quarter, showcasing substantial growth and profitability. The company, known for its extensive database of local businesses, has garnered a large user base, contributing to its recent successes. Shareholding Structure As a promoter, Just Dial holds a significant ...

Rajiv Sharma

Navratna Company Secures 650 Million Rs Contract, Shares Hit Storm for 2 Years

Navratna Company Secures 650 Million Rs Contract, Shares Hit Storm for 2 Years

NBCC India Limited, a renowned Navratna company, has recently secured a significant contract valued at ₹651.5 million. This noteworthy achievement reflects the company’s robust portfolio and growth trajectory, which has attracted investor attention and resulted in a remarkable surge in its share prices over the past two years. In this article, we will explore the ...

Rajiv Sharma

IPO subscribed 345 times, listing halted, SEBI to investigate

IPO subscribed 345 times, listing halted, SEBI to investigate

The recent developments surrounding the Trafiksol IPO have raised substantial interest and concern among investors in the Indian stock market. Initially scheduled for a listing on the Bombay Stock Exchange (BSE), the IPO of Trafiksol ITS Technologies faced delays that prompted speculations about the underlying factors influencing this decision. After a month of deliberation and ...

Rajiv Sharma

Announcement leads to 20% upper circuit in the stock, is yours at stake?

Announcement leads to 20% upper circuit in the stock, is yours at stake?

Recently, Sudarshan Chemical Industries saw a significant increase in its share price, marking a notable event in the stock market. The shares surged by 20%, reaching a peak of ₹1216.55, which also represents a new 52-week high for the company. The closing price stood at ₹1207.50, reflecting a substantial gain of 19% for investors. Overview ...

Rajiv Sharma

Adani's company secures new deal in Kenya, old project faces complications

Adani’s company secures new deal in Kenya, old project faces complications

Kenya has recently made significant strides in enhancing its energy sector, with a pivotal deal signed between the Ministry of Energy and Kenya Electricity Transmission Company Limited (KETRACO). This agreement is expected to bolster the country’s electricity transmission capabilities and support its ambitious agenda towards expanding access to clean and reliable energy across the nation. ...