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NSE share market NEWS tomorrow (02 January, 2024). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (02 January, 2024). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 02 January 2024

Mankind Pharma was amongst the top gainers, currently trading at 2107.20 in NSE with 13.407 times change in volumes and 6.467% change in price. Other gainers included Lupin with 6.208% price change and 8.333 times volumes, Biocon with 4.167% price change and 2.485 times volumes, Glenmark Pharmaceuticals with 3.874% price change and 9.588 times volumes, and Nmdc with 2.979% price change and 2.06 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.

Idea Cellular was amongst the top losers, currently trading at 16.05 in NSE with 0.614 times change in volumes and -5.588% change in price. Other losers included Pg Electroplast with -3.927% price change and 5.575 times volumes, 360 One with -3.692% price change and 1.993 times volumes, Eicher Motors with -3.612% price change and 1.6 times volumes, and Macrotech Developers with -3.601% price change and 2.244 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.

Other stocks which made news headlines today and can be traded tomorrow are below.

Adani Group-Hindenburg row: SC will pronounce judgement on January 3. A bench of Chief Justice of India DY Chandrachud and Justices JB Pardiwala and Manoj Misra reserved its verdict on the order on various aspects related to the Hindenburg report in November 2023

State-owned PNB, BoM record double-digit loan growth during Oct-Dec quarter. State-owned Punjab National Bank (PNB) on Tuesday said it has posted a 13.5 per cent growth in advances to Rs 9.72 lakh crore for the December quarter. Total advances stood at Rs 8.56 lakh crore at the end of the third quarter of the last financial year, P

LIC receives GST demand notice of Rs 116 crore for Telangana state. Life Insurance Corporation of India (LIC) on Tuesday said tax authorities have slapped a demand notice of about Rs 116 crore on it for short payment of Goods and Services Tax (GST) for 2017-18. The company has received communication/demand order for intere

Maruti Suzuki production falls 2.96% at 1,21,028 units in Dec 2023. Maruti Suzuki India on Tuesday reported a 2.96 per cent decline in total vehicle production at 1,21,028 units in December 2023. The company had produced 1,24,722 units in December 2022, Maruti Suzuki India said in a regulatory filing. Total passenger vehic

Coal production in the country increases by 10.75% in 2023: Govt. In a public statement, the Ministry of Coal said the production of Coal India Limited (CIL) has risen to 71.86 million tonnes (mt) in December 2023, as compared to 66.37 mt in December 2022

HUL receives Rs 447.5 cr GST demands and penalties, firm to make assessment. Leading FMCG maker Hindustan Unilever Ltd on Monday said it has received Goods and Services Tax demands and penalties totalling Rs 447.5 crore from the authorities. In a regulatory filing, HUL -- which owns brands such as Lux, Lifebuoy, Surf Excel, Rin, Po

Vedanta Resources faces investor reckoning over .2 billion of bonds. Vedanta needs a green light from at least two-thirds of the bondholders in each of the three securities to proceed with the plan. A holder meeting will be held on Jan. 4

The four fortunes riding on PM Modi's victory in Lok Sabha elections. Naturally, the biggest danger of allowing a handful of business groups to aggressively branch into new areas and extend their control over large swathes of economy is extreme concentration of power

ICICI Venture to sell its entire 42% stake in patisserie chain Theobroma. The alternative investment arm of ICICI Bank is expecting the 20-year-old chain Theobroma to be valued at Rs 2,800 crore

Godrej Properties buys 4-acre land parcel in North-West Bengaluru. The recent project by Godrej Properties is estimated to have a developable potential of approximately 0.7 million square feet of the saleable area

SC to consider hearing Vedanta's plea on Sterlite copper unit in Tami Nadu. The Supreme Court on Tuesday agreed to consider hearing the Vedanta group's plea related to the closure of its Sterlite copper unit in Tamil Nadu's Tuticorin. A bench comprising Chief Justice of India D Y Chandrachud and justices J B Pardiwala and Manoj Mi

Vivo PMLA case: ED moves Delhi HC against release of three employees. The trial court last week allowed the plea moved by Hong Xuquan, Harinder Dahiya and Hemant Munjal to challenge their arrest and subsequent custody in a PMLA case and directed their immediate release

Kia India appoints Gwanggu Lee as MD and CEO, succeeds Tae Jin Park. Kia India on Tuesday said it has appointed Gwanggu Lee as the new Managing Director and CEO with immediate effect. Lee succeeds Tae Jin Park, who retires after a 36-year journey with Kia Corporation including a four year stint with Kia India, the automaker

Not in talks with Musk's Starlink for a tie-up, says Vodafone India. On Monday, the Bombay Stock Exchange, where Vodafone Idea's stock is listed, had asked the company for a clarification, citing the BusinessWorld report

Easy Trip Planners gets board nod for raising funds up to Rs 1,000 cr. Online travel service provider Easy Trip Planners Ltd is planning to raise up to Rs 1,000 crore through a preferential issue. The board of directors of the company, at its meeting held on Tuesday, has given in-principle approval for the fundraising proposa

GACL ties up with Vedanta to explore opportunities in caustic-chlorine. Gujarat Alkalies and Chemicals Ltd (GACL) on Tuesday said it has signed an initial pact with Vedanta Aluminium for exploring various business opportunities in the areas of caustic-chlorine and other allied businesses. The Memorandum of Understanding (MoU)

Federal Bank's advances increase 18% to Rs 2.02 trillion in Q3 FY24. On a segmental basis, the bank said that as per its internal classification, its retail credit book grew by 20 per cent year-on-year, and its wholesale credit book grew by 17 per cent

SAIL enters deal with Chennai-based Ram Charan for managing emissions. Agreement is for multiple solutions like converting emissions to value-added products and fuel

Skincare brand Nivea India appoints Geetika Mehta as managing director. Mehta, who has an experience of over two decades in the FMCG sector, will steer the brand in the country, Nivea India said in a statement

Hershey Company appoints Luigi Mirri as general manager for India division. Global snacking firm Hershey Company on Tuesday said Luigi Mirri has been appointed as General Manager, India. Currently serving as the General Manager of APAC, Mirri will expand his responsibilities to include India, Hershey Company said in a statement. M

BHEL making India self-reliant in energy, infra: Heavy industries minister. State-owned engineering firm BHEL is not only making India self-reliant in energy and infrastructure sectors but also contributing significantly to defence and space segments, said Union Heavy Industries Minister Mahendra Nath Pandey. The minister inaugura

Suzuki Motorcycle India's vehicle sales grow 24% to 79,483 units in Dec. Two-wheeler maker Suzuki Motorcycle India on Tuesday said its vehicle sales increased 24 per cent year-on-year to 79,483 units in December. Suzuki Motorcycle India Pvt Ltd (SMIPL), a subsidiary of Suzuki Motor Corporation, had sold 63,912 vehicles in Decem

Airtel Africa CEO Ogunsanya to retire, Sunil Taldar named successor. Airtel Africa on Tuesday announced the retirement of Chief Executive Officer Olusegun 'Segun' Ogunsanya, with effect from July 1, 2024, and named Sunil Taldar as his successor. Taldar, who joined Airtel Africa in October 2023 as Director Transformation, w

CK Birla Group's Birlasoft names Manjunath Kygonahally as overseas CEO. Birlasoft appointed Manjunath Kygonahally as the Chief Executive Officer (CEO) for the Rest of the World (ROW) region. Kygonahally will be based in the United Kingdom

Coal India's supply to non-regulated sector rises 31% during Apr-Dec. State-owned CIL on Tuesday said its supplies to the non-regulated sector rose 31 per cent to 98 Million Tonnes (MT) in the April-December period of the current fiscal. Coal India Ltd (CIL) supplied 75 MT fuel in the corresponding period of the previous fis

Adani Ports reports 42% growth in cargo handling in December 2023. Adani Ports and Special Economic Zone (APSEZ) on Tuesday said its cargo volumes rose 42 per cent in December 2023 to 35.65 MMT (million metric tonne). According to a APSEZ statement, 10 ports in the APSEZ portfolio delivered their highest-ever cargo volume

UltraTech Cement slapped with two GST demand orders totalling Rs 72 lakh. Leading cement maker UltraTech Cement has received two demand orders, interest and penalties totalling Rs 72.06 lakh from the GST authorities. The company said it will challenge the orders before the appellate authorities. It has received an order from Ass

HFCL bags Rs 1,127 cr order to transform BSNL's optical transport network. HFCL Ltd (HFCL) on Monday said it has secured a Rs 1,127 crore order from Bharat Sanchar Nigam Ltd (BSNL) aimed at transforming the Optical Transport Network (OTN) infrastructure across the state-owned telco's pan India network. HFCL's comprehensive networ

Dharavi Redevelopment Project: Adani group signs planner, designer up. DRPPL is a joint venture between Adani Properties and Mumbai's Slum Rehabilitation Authority

Air India to fly wide-body A350 jet from Jan 22 on domestic routes. Aircraft that has three-class cabin configuration will later be used for 'destinations across continents'

Domestic steel sector still in recovery mode post-Covid: Tata Steel CEO. The steel sector in the country is still in recovery mode after the Covid pandemic, Tata Steel CEO and MD T V Narendran said on Monday. He said demand for steel will continue to grow, backed by the government's focus on infrastructure development. This (20

Zomato increases platform fee to Rs 4 from Rs 3 in select markets. The fee is levied on all customers, regardless of whether they are part of the company's loyalty programme Zomato Gold, which provides benefits such as free deliveries and increased discounts

Power Grid Corp bags transmission project for Rajasthan's 20 GW energy zone. State-owned Power Grid Corporation has bagged an inter-state power transmission project for evacuating power from a 20 GW renewable energy zone in Rajasthan. The scope of the project comprises the establishment of two 765kV D/C transmission lines traversin

TVS Motor Company posts 25% jump in sales at 301,898 units in Dec. TVS Motor Company on Monday reported a 25 per cent rise in total dispatches at 3,01,898 units in December 2023. The company had sold a total of 2,42,012 units in December 2022, TVS Motor Company said in a statement. Two-wheelers sales were at 2,90,064 unit

Eicher Motors gets Rs 130 cr tax demand notices, company to challenge. Eicher Motors has been served demand notices of over Rs 130 crore from three different authorities over issues related to GST, according to a regulatory filing by the company. The company has received a demand order for an aggregate amount of Rs 129.79 cro

Met winter's record peak power demand of 1,631 MW: Tata Power-DDL. Tata Power Delhi Distribution Limited on Monday successfully met this winter season's record peak power demand of 1,631 MW without any network constraint and power outage, the company said in a statement. The company is expecting the peak demand to breach

SJVN gets govt approval to form JVs for 8778 MW hydro, renewable projects. State-owned power producer SJVN Ltd on Monday said it has received the finance ministry's permission to form four joint venture firms for the development of hydro and renewable projects with a total capacity of 8,778 MW in India and Nepal. SJVN will be the

Ashok Vaswani takes charge as Kotak Mahindra Bank MD & CEO from January 1. Furthermore, C S Rajan, independent director, has assumed the office as the part-time chairman of the bank, with effect from January 1, 2024

Bharti Airtel Services set to acquire 97.1% stake in Beetel Teletech. Bharti Airtel Services, a wholly-owned subsidiary of Bharti Airtel, has entered into an agreement for the acquisition of 49.45 lakh shares or 97.1 per cent stake in Beetel Teletech, another Bharti Group company, according to a filing. Pegging the cost of a

Ola Electric consolidates electric two wheeler leadership with market gain. India's overall electric two-wheeler market in 2023 fell short of the one million mark

HDFC Bank goes live with NPCI-developed UPI in secondary market platform. HDFC Bank has executed transactions via the NPCI's UPI payments app as part of the 'UPI for secondary market' facility, which which went live on Monday, the lender said in a statement. The move follows markets regulator Sebi allowing the facility through t

MG Motor India posts 18% growth in retail sales at 56,902 units in 2023. MG Motor India on Monday reported an 18 per cent growth in total retail sales at 56,902 units in 2023 as compared to the previous year. In December 2023, the company's retail sales were 4,400 units, up 13 per cent from the year-ago month, MG Motor India sa

M&M December sales: Domestic SUVs sales up 24% Y-o-Y on strong demand. Cars and vans saw a significant drop of 97 per cent Y-o-Y sales, with the company only selling three units in the last month of the calendar year

JK Tyre raises Rs 500 cr; to be used for capex, strengthening balance sheet. JK Tyre & Industries on Monday said it has raised Rs 500 crore by way of qualified institutional placement (QIP). The QIP received an overwhelming response from marquee investors including Indian mutual funds, insurance companies and foreign institutional

Maruti Suzuki's total sales dip in December; exports in 2023 all-time-high. Despite the dip in December, Maruti Suzuki's compact segment continues to have the highest share in its total sales followed by utility vehicles and vans

Adani's JV hires global team for Dharavi overhaul project in Mumbai. Dharavi, about three quarters the size of New York's Central Park, is a crowded area that houses thousands of poor families in cramped quarters in the centre of India's financial capital

Brookfield-backed Indostar Capital sells stressed SME loans worth Rs 292 cr. NBFC says in filing it is making efforts to sell nearly 50% of its stressed assets

Veteran banker Vaswani takes charge as Kotak Mahindra Bank's MD, CEO. He replaced Dipak Gupta, who was the interim MD and CEO, following founder director Uday Kotak stepping down as the head of the bank, effective September 1, 2023

Reliance Power to sell 1,200 MW Kalai II hydropower project to THDC India. Reliance Power has inked an agreement to sell its 1,200 MW Kalai II hydroelectric project in Arunachal Pradesh for Rs 128.39 crore to THDC India. The purpose of entering into the agreement was to monetise the hydroelectric power project, Reliance Power sai

TCS has to keep evolving as GenAI technology rises: CEO tells employees. IT services company has to 'keep pace with the times', says K Krithivasan in New Year message

Yes Bank faces penalty of Rs 3 crore by Tamil Nadu GST department. Recently, the bank had received two separate tax notices from the Bihar GST department for Rs 20,000 and Rs 1,38,584, respectively, in December

Karur Vysya Bank biz grows at 14.74% to stand at Rs 1.58 trn for Q3FY24. The lender announced that ICICI Prudential Asset Management Company Limited (ICICI AMC) received approval from the Reserve Bank of India (RBI) to increase its stake

Air India's new Airbus A350 to enter commercial service on January 22. The first flight of the A350 aircraft will be between Bengaluru and Mumbai at 7:05 am on January 22

ONGC seeks partners to cut gas flaring, zero methane emission by 2030. India's top oil and gas producer ONGC is seeking global technology partners to cut gas flaring and achieve zero methane emission by 2030 as part of its ambitious decarbonisation plan, its chairman Arun Kumar Singh said on Monday. Oil and Natural Gas Corpor

Tata Motors domestic sales rise 4% in Dec; EV sales rise 21% in Q3FY24. Tata Motors' passenger vehicles remained in strong demand including preference for emission-friendly products in the domestic market, the company said

Cybersecurity firm TAC considering IPO in 2024 among options to raise funds. Company provides services to NPCI, BSE and NSE and has clients abroad

UltraTech Cement Q3 sales up 6% to 27.3 MT, overseas production up 20%. Leading cement maker UltraTech's consolidated sales rose by 6 per cent to 27.32 million tonnes (MT) year-on-year in the third quarter ended December 31, 2023. The total sales volume in the domestic market was up 5 per cent to 26.06 MT during the quarter un

LIC gets GST notice of Rs 806 crore; insurer says will file an appeal. The total includes GST worth Rs 365.02 crore, penalty of Rs 404.7 crore and interest of Rs 36.5 crore

Asian Paints gets GST demand notice of Rs 13.83 crore from TN's tax dept. Asian Paints on Monday informed that it has received a GST demand notice of Rs 13.83 crore and a penalty of Rs 1.38 crore from the Deputy Commissioner of State Tax, Chennai. The demand is for the financial year 2017-18 over mismatch on input tax credit (IT

Angel investments in Indian startups maintain pace amid funding winter. Overall deal volumes among startups have hit the skids, investment activity among the country's most active angel investment networks has held relatively steady

JK Tyre successfully raises Rs. 500 cr through QIP for growth initiatives. The funds raised will be utilised for both strengthening the balance sheet and growing capex

McKinsey agrees to mn settlement with insurers over opioids crisis. Consulting firm McKinsey and Co. has agreed to pay USD 78 million to settle claims from insurers and health care funds that its work with drug companies helped fuel an opioid addiction crisis. The agreement was revealed late Friday in documents filed in fe

2023 sees 15% more start-up/ tech layoffs than 2022, majority in edtech. On average, at least 45 people lost their jobs daily based on data collated by the website. This is 15.3 per cent higher than the 14,224 layoffs recorded in the previous year

Social media firms gain bn in ads from under-18 users in 2022: Report. Social media giants like Instagram, X (formerly Twitter) and Snapchat collectively gained nearly USD 11 billion in advertising revenue in 2022 from users younger than 18 years, according to a new US-based study. Researchers said that approximately 30-40 pe

Indian Overseas Bank unveils savings account portability facility. Public sector undertaking Indian Overseas Bank has introduced savings account portability online, an initiative aimed at catering to customers who move to different locations for their career or education and find it cumbersome to relocate their home bank

Adani raises bn in equity, debt in comeback plan post Hindenburg rout. Billionaire Gautam Adani's sprawling conglomerate has raised over USD 5 billion (Rs 41,500 crore) in equity and a double of that in debt this year as the apples-to-airport group made a comeback since being hit by a bombshell short seller report. Adani, who

No pre-election lull in execution, orders so far, say cement, steel firms. Cement dealers and executives from ratings agencies echo Acharya's view

Indiabulls HFC may have to provide Rs 1,000 cr for AIF investments impact. Indiabulls' Assets Under Management (AUM) stood at Rs 63,569 crore as of September 30, 2023, comprising Housing Loans (72%), Loan Against Properties (15%), and commercial credit (13%)

Pilot unions express concern as Air India 'threats of appropriate measures'. Pilot unions at Air India on Sunday expressed "concern" over the Tata Group-owned airline's alleged threat to the cockpit staff with "appropriate measures" if pilots report sick for duty. In a communication to Air India senior vice president for flight ope

Cadila Pharma CMD booked for alleged rape, assault on Bulgarian woman. In its order dated December 22, the HC had directed the chief judicial magistrate to pass an order of investigation by a competent police official into the complaint

Vizag Steel Plant restarts 'Blast Furnace-3' to raise hot metal production. The Rashtriya Ispat Nigam Ltd (RINL), which is also known as Vizag Steel Plant, on Saturday restarted its Blast Furnace-3 (BF-3) to raise hot metal production by 2 million tonne per annum. The added capacity will also enable the steel plant to clock increa

IndiGo passenger finds worm in sandwich served on flight, airline responds. An IndiGo passenger found a worm in a sandwich served onboard a flight from the national capital to Mumbai, and a video was shared on social media, following which the airline apologised and said the matter is under thorough examination. The incident happe

L&T wins Rs 1,040 cr contract for part of Bengaluru suburban rail project. Larsen and Toubro was issued the Letter of Acceptance on Saturday for the design and construction of an elevated viaduct including associated works between Heelalige and Rajanukunte of Corridor-4 of the Bengaluru Suburban Rail project, officials said. The

Tata Tech to provide skill development training for Telangana students. Tata Technologies has come forward to provide job-oriented industrial skill development training for students in Telangana at a proposed cost between Rs 1,500 crore and Rs 2,000 crore, the state government said on Saturday. Telangana Chief Minister A Revan

Missed timelines, manpower crunch pose challenges for insolvency resolution. Resolution of most of the stressed assets under the insolvency law missed their timelines amid a shortage of staff at the National Company Law Tribunal (NCLT) and the appellate tribunal this year, which also saw aviation players seeking solace in insolvenc

Snapdeal's FY23 consolidated loss narrows to Rs 282 cr from Rs 510 cr. Snapdeal's has seen its consolidated loss after tax narrow to Rs 282.2 crore for FY23, from Rs 510 crore in previous year, according to a statutory filing. As per the company's RoC filing, the total income fell to Rs 388.1 crore in FY23, from Rs 563.5 cror

Court orders release of 2 Vivo employees arrested in money laundering case. The Enforcement Directorate this month arrested two executives - Hong Xuquan, a Chinese national and Harinder Dahiya - working for Vivo's Indian unit in a case of alleged money laundering

MICL Gr to invest Rs 50 cr for residential property redevelopment in Mumbai. The site is located at Mumbai's Pali Hill, the epitome of upscale living with scenic views, affluent residences, and a vibrant cultural scene, surrounded by lush greenery

SJVN secures Rs 10,000 cr construction finance facility from banks. State-owned SJVN Ltd has secured Rs 10,000 crore construction finance facility to fund its upcoming renewable energy projects from a group of leading domestic and international lenders. The construction finance facility is a unique and first-of-its-kind tr

Delhi court extends ED custody of three vivo-India executives by one day. A Delhi court on Thursday extended by one day the ED custody of three vivo-India executives in a money laundering case against the Chinese smartphone maker and others. The court extended the custody of interim CEO of vivo-India Hong Xuquan alias Terry, Chi

Tata's TCIL to invest over Rs 1,785 cr in manufacturing unit in Jamshedpur. The Tinplate Company of India Ltd (TCIL), a unit of Tata Steel, on Friday said it will invest Rs 1,787 crore for setting up a 3-lakh-tonnes-per-annum manufacturing facility in Jharkhand's Jamshedpur. The facility, an expansion project, is scheduled for com

State-owned NBCC bags Rs 89 cr order from DMRC to construct staff quarters. State-owned NBCC on Friday said it has bagged a contract worth Rs 89 crore from the Delhi Metro Rail Corporation Ltd (DMRC) to construct staff quarter residential building for the Bhubaneswar metro rail project. NBCC has been engaged for the construction o

Vi shares rise 22% to 1 yr high as company nears fundraising deadline. The company has said multiple times that any new funding by banks will be used for the deployment of capital expenditure, and not to roll over existing dues

Defence Secretary Aramane urges HAL to partner with private players. Hailing the important work being done by HAL, Aramane said, "HAL has received applause at the highest levels and the government trusts your capability to deliver and make the country self-reliant "

Court to pass orders on ex-CFO's plea for arbitration with Wipro on Jan 3. A civil court in Bengaluru will pass orders on January 3 on two interlocutory applications (IA) by Wipro Limited's former Chief Financial Officer (CFO) Jatin Pravinchandra Dalal seeking arbitration with his former company. The suit filed by Wipro on Novemb

Distributors may halt HUL stock buys amid margin structure change. FMCG companies typically give fixed margins of 4-6 per cent, while variable margins depend on milestones or performance parameters

Meesho turns profitable with losses halved to Rs 1,675 cr in FY23. The company's revenue grew 77 per cent to Rs 5,735 core

CBI allowed to question Rana in Ezeego One Travels & Tours loan fraud case. A court here has allowed the CBI to question Yes Bank founder Rana Kapoor in connection with a loan granted to Ezeego One Travels and Tours Limited (EOTTL) by the private sector lender. Kapoor, 65, former MD and CEO of Yes Bank, is in judicial custody foll

AI Express' flights connecting Ayodhya with Bengaluru, Kolkata from Jan 17. Air India Express on Friday said it will start direct flights connecting Ayodhya with Bengaluru and Kolkata from January 17. Earlier this month, the airline announced direct flight between Ayodhya and Delhi. In a release, the airline said the flights on th

Goldman Sachs beats JP Morgan to emerge best provider for merger advice. The bank ended up with a 31% share of the global take for merger advice, edging past JPMorgan Chase & Co., which was in the lead at the year's midpoint, according to data compiled by Bloomberg

NFRA finds certain lapses in audit quality of Walker Chandiok - Co. The National Financial Reporting Authority (NFRA) on Friday found certain lapses in the auditing-related activities of audit firm Walker Chandiok & Co LLP during detailed audit quality inspections. The regulator initiated an audit quality inspection of Wal

Dec 2023 becomes highest funded month as startup investments cross .6 bn. Budding companies had raised .4 million in January this year. Regardless, startup funding hit a seven year low in 2023

PNB gets board approval to raise Rs 7,500 crore through QIP or FPO. Punjab National Bank on Thursday said its board has approved a proposal to raise Rs 7,500 crore capital through QIP or FPO. The fundraising exercise will be done in one or more tranches during the next financial year, the state-owned bank said in a late-ev

Tata Coffee, Tata Consumer Products merger to be effective from January 1. Tata Coffee will merge with Tata Consumer, TCPL Beverages on January 1, the company said in its exchange filing on Thursday

Techno Electric & Engineering Company gets projects worth Rs 1,750 crore. Techno Electric & Engineering Company on Friday said it bagged new orders related to smart metering and transmission projects worth Rs 1,750 crore. One of the orders worth Rs 1,041 crore is for advance metering infrastructure (AMI) from RECPDCL (REC Power

State-owned Power Grid board approves raising Rs 2,200 crore via bonds. State-owned Power Grid Corporation board on Friday approved raising of Rs 2,200 crore through bonds. The company's committee of directors for bonds, in their meeting on July 29, 2023, approved the raising of up to Rs 5,700 crore in FY 23-24 in multiple tra

GE T&D India bags 74 million pound order from GE group's British arm. GE T&D India on Friday said it bagged an order worth 74 million pound (Rs 785 crore) from UK Grid Solutions Ltd for supply and manufacturing of HVDC Converter Transformer. Both the entities are part of GE Group and this related party transaction has been a

Automobile major M&M gets Rs 4.12 crore tax penalty; company to challenge. Mahindra & Mahindra on Friday said it has been imposed a penalty of Rs 4.12 crore over input tax credit claim and education cess credit balance carry forward from pre-GST regime to GST regime in relation to its two-wheeler business. In a regulatory filing,

CESC gets board's approval to raise Rs 100 crore from Axis Bank via NCDs. Power utility CESC Ltd on Friday said it received board's approval for raising Rs 100 crore from Axis Bank through issue of non-convertible debentures on private placement basis. The committee of the board of directors at its meeting approved the allotment

Meesho posts 1st profitable quarter in FY24; loss dips to Rs 141 cr in H1. Softbank-backed Meesho on Friday said it became the first e-commerce unicorn to post consolidated profit after tax in the second quarter ended September 2023. The company did not disclose the amount of profit it earned in the July-September period. During

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