News Overview

In the transmission & distribution (T&D) sector in India, KEC received orders for transmission lines and substations from a reputable private developer, along with a transmission line project in Malaysia

The order encompasses supply, installation, configuration, commissioning, integration, and operation and maintenance responsibilities, as stated in a regulatory filing on June 8.

The stock has gained 31% in the last one year, and 5.3% since the beginning of the year.

TCS stated that the platform helps customers leverage GenAI to unlock data potential, drive innovation, improve efficiency, and gain a competitive edge

According to RHP, the company aims to raise ₹740.10 Crore from the IPO which includes a fresh issue of equity shares worth ₹120 Crore and rest as an offer for sale (OFS).

For Q4 ending March 31, 2024, RVNL reported a 33.2% year-on-year increase in net profit to ₹478.6 Crore

The business may investigate producing at Pudimadaka, Andhra Pradesh, the site of its planned green hydrogen centre.

According to sources, Blackstone plans to sell a 10.6% stake in the IT company through block deal, with a base price of ₹2,350 per share.

Spot gold was up 0.1% at $2,295.29 an ounce. Gold futures in the US dropped 0.5% to $2,312.20.

Founded in 2008, Kronox Labs specializes in manufacturing high-purity specialty fine chemicals used in a variety of industries.