News Overview

According to a Monday news announcement, Gautam Adani's business reported that its cash balance amounted for 24.8% of gross debt.

The momentum continued into FY24, with deposits increasing by Rs 24.3 lakh crore and credit by Rs 27.5 lakh crore.

"Our China plant is expected to be commercialised in Q3 FY25, with a ramp-up beginning in Q4 FY25," Subramanian said during an analyst call.

Stocks that have reached 52-week highs on the Nifty are Shriram Finance, TCS, and Tech Mahindra.

Drug company Jubilant Pharmova Ltd will acquire an 80% stake in Pierre Fabre Laboratories' Research & Development Centre in Saint Julien, France.

Samvardhana Motherson International Ltd (SAMIL) has successfully acquired a 34% stake in Motherson Auto Solutions Ltd (MASL) from Sojitz Corporation.

Techno Electric & Engineering Company Ltd said on Friday (16 August) that it has teamed with Indigrid to jointly construct two of Indigrid's greenfield Interstate Transmission System (ISTS) projects.

In Q1 of this fiscal year, TVS Motor sold 52,000 electric two-wheelers, a significant increase from 39,000 units in the same period last year.

Escorts Kubota Ltd intends to invest up to ₹4,500 Crore to establish a green field facility in Uttar Pradesh.

Genus Power Infrastructures Ltd.'s shares are trading at a 5% premium after its wholly-owned subsidiary received three Letters of Award.