News Overview

Tata Electronics, a subsidiary of Tata Sons, recently announced a ₹91,000 Crore investment to develop a semiconductor fabrication unit in Dholera, Gujarat.

Yes Bank is tasked with migrating existing @paytm handles. Other banks will gradually take over these handles.

The LoI is valid for one year, during which NREPL will fulfill prerequisites to obtain the final composite license from the Government of Maharashtra.

Across various sectors, the Nifty Bank rose by 0.39%, the Auto index surged by 1.22%, and the Oil & Gas index witnessed a gain of 1.77%.

MSIL's accomplishment adds it to the league of esteemed companies such as RIL, TCS, HDFC Bank, Infosys, and others, which have achieved similar milestones in terms of market capitalization.

The portfolio is built utilizing a combination of the top-down and bottom-up portfolio construction process, focusing on the fundamentals of each stock, including quality of management and prevailing valuations.

AstraZeneca Pharma stated that the approval sets the stage for the launch of Trastuzumab deruxtecan in India for the specified additional indications, contingent upon receiving any related statutory approvals.

IPO proceeds aim to raise ₹130.2 Crore solely through fresh issue of 62 lakh shares, allocated with 50% for QIBs, 15% for NIIs, and 35% for retail investors.

Revenue from operations also saw a substantial rise, climbing by 16.2% to ₹3,710.6 Crore from ₹3,192.1 Crore in the same period of the preceding fiscal year.

Shyam Metalics & Energy recently announced its expansion into a greenfield project focused on aluminum flat-rolled products, with plans to invest ₹450 Crore, facilitating group capacity expansion.