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Indiamart Intermesh has entered into an agreement to invest 16.53% of the share capital (on fully diluted basis) of Fleetx Technologies. The company will invest Rs 91.42 crore in the current funding round to acquire 3805 equity shares of face value of Rs 10 each at a price of Rs 57,315 aggregating to Rs 21.81 crore and subscription to 10,323 series B compulsorily convertible preference […]

Novelis (wholly owned subsidiary of Hindalco Industries) announced that it will invest approximately $50 million to build a recycling center at its Ulsan Aluminum joint venture in South Korea. Fully funded by Novelis, the Ulsan Recycling Center will have an annual casting capacity of 100 kilotonnes of low-carbon sheet ingot. Once online, the company expects the recycling center to reduce the companys carbon emissions by […]

The company approved the allotment of 99,51,200 Fully Paid-up Rights Equity Shares.

The company allots 2,500, 6.32% NCDs of the face value Rs10 lakh each on a private placement basis.

The wholly owned subsidiary shall carry out business in the field of Agro-Chemical.

After opening deeply in red, the benchmarks indices managed to pare most losses and end with modest cuts on Tuesday. The Nifty closed a tad below the 17,100 mark after hitting the days low of 16,843.80 in early trade. Selling was broad based with IT, metal, banks and FMCG shares declining the most. As per provisional closing data, the barometer index, the S&P BSE Sensex, […]

Record date is 05 March 2022

The Adani Group announced today it has signed a non-binding Memorandum of Understanding (MoU) with Ballard Power Systems to evaluate a joint investment case for the commercialization of hydrogen fuel cells in various mobility and industrial applications in India. Under the MoU, both parties will examine various options to cooperate, including potential collaboration for fuel cell manufacturing in India. Efforts under this MoU will be […]

German Business Climate indicator jumped to 98.9 in February, the highest in 5 months, from an upwardly revised 96 in January, data from Ifo revealed. The Current Assessment Index rose to 98.6 from 96.2 and the Expectations Index advanced to 99.2 from 95.8. Price expectations in industry and retail sectors have risen and the number of companies who want to raise their prices also increased. […]

All sectoral indices ended in red with Nifty Media declining the most by 3.3% followed by Nifty Realty (-2.8%) and Nifty PSU Bank (-1.6%).