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NSE share market NEWS tomorrow (30 May, 2023). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (30 May, 2023). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 30 May 2023

Aurobindo Pharma was amongst the top gainers, currently trading at 650.75 in NSE with 2.22 times change in volumes and 6.453% change in price. Other gainers included Rbl Bank with 6.016% price change and 2.229 times volumes, Pg Electroplast with 4.355% price change and 1.492 times volumes, Hdfc Amc with 4.128% price change and 1.997 times volumes, and Kaynes Technology with 3.991% price change and 7.306 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.

Rail Vikas was amongst the top losers, currently trading at 115.55 in NSE with 1.003 times change in volumes and -4.975% change in price. Other losers included Vedanta with -4.911% price change and 1.127 times volumes, Info Edge with -3.372% price change and 0.422 times volumes, Varun Beverages with -2.568% price change and 1.159 times volumes, and National Aluminium with -2.15% price change and 0.611 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.

Tata Realty with Tabreed to install cooling infra at commercial complex. Tata Realty on Monday said it has partnered with Tabreed to install cooling infrastructure at its commercial complex in Gurugram, Haryana. Tabreed, a leading global cooling utility player, has signed an agreement with Tata Realty to implement its first Coo

Meesho's valuation slashed 10% to .4 billion by Fidelity Investments. Fidelity holds stakes in the e-commerce firm through multiple funds

Yes Bank plans to increase advertisement spend by 30% in FY24: Official. Yes Bank is planning to up the ante on marketing and will be spending 30 per cent higher on advertising activities in FY24, a senior official said on Tuesday. Without sharing the amount it will be spending, chief marketing officer Nipun Kaushal said the ba

NMDC cuts iron ore lump rate by Rs 300 per tonne to Rs Rs 3,900 per tonne. State-owned NMDC on Tuesday said it has slashed iron ore lump and its fines rates by Rs 300 and Rs 450 per tonne, respectively. It has fixed the price of lump ore at Rs 3,900 per tonne and fines at Rs 3,560 a tonne, the country's largest iron ore miner sai

Best Agrolife Q4 loss at Rs 8.4 cr; FY23 profit rises 83% to Rs 192 cr. Agro-chemical firm Best Agrolife Ltd has reported a consolidated net loss of Rs 8.40 crore for the January-March quarter on a lower income. Its net profit stood at Rs 38.16 crore in the year-ago period. Total income fell to Rs 254.58 crore in the fourth qu

Godrej Group arm to invest Rs 100 cr to acquire material handling equipment. Godrej & Boyce on Tuesday said it will be investing Rs 100 crore over the next three years to acquire material handling equipment. Demand for renting the equipment is high and the capital investments will be by Godrej Rentrust eyeing a share of the same, a

Torrent Pharma reports Q4 net profit of Rs 287 crore, revenue up 16%. The company's consolidated revenue from operation rose by 16.8 per cent to Rs 2,491 crore for the March quarter as compared to Rs 2,131 crore in the year-ago period

Chinese hospitality major H World Group sells stake in OYO for Rs 75 cr. Chinese hospitality major H World Group Ltd is understood to have sold 0.15 per cent stake of OYO for around Rs 75 crore, valuing the Indian hospitality and travel-tech firm at around USD 6.5 billion, according to sources. H World Group (HWG), which held 0

Suzlon posts Rs 320 cr net Q4 profit, total income falls to Rs 1,699 cr. Renewable energy solution provider Suzlon on Tuesday posted a consolidated net profit of Rs 319.99 crore for the March 2023 quarter, mainly due to lower expenses. The company reported a consolidated net loss of Rs 205.52 crore in the quarter ended on March

Lakme Lever revenue rises 19.8% in FY23, HUL's exports at Rs 1,268 cr. FMCG major HUL's revenue from Lakme Lever Pvt Ltd, a wholly-owned subsidiary engaged in the salon business, increased 19.3 per cent to Rs 328 crore in FY23, led by a recovery in the business after the COVID-19 pandemic, as per the company's latest annual r

NHPC Q4 results: 8% increase in profit after tax at Rs 3,834 crore. NHPC power stations generated 24,907 million units of electricity between 2022-2023

Tata Steel Mining partners with METRON to reduce carbon footprint. Tata Steel Mining Limited (TSML) on Tuesday signed a Memorandum of Understanding (MoU) with French Cleantech company METRON, to design and implement an advanced energy management and optimisation platform for the company's Ferro Alloys Plant located at Ath

Sun Pharma receives China NMPA's nod for treatment of plaque psoriasis. Ilumetri is indicated for the treatment of adults with moderate-to-severe plaque psoriasis who are candidates for systemic therapy or phototherapy

Battery startup Log9 Materials signs MoU with EV maker Quantum Energy. Battery-tech startup Log9 Materials on Tuesday announced signing a Memorandum of Understanding (MOU), with Hyderabad-headquartered electric vehicle maker Quantum Energy for a long-term strategic partnership in the EV space. As a part of this collaboration,

Patanjali Foods Q4 results: Net profit after tax rises 12.8% to Rs 264 cr. The company's total revenue from operation rose by 18.14 per cent to Rs 7,873 crore for the March quarter as compared to Rs 6,664 crore in the year-ago period

Noida-based IKIO Lighting's IPO to kick off on June 6; check details here. The initial share-sale of LED lighting solutions provider IKIO Lighting Ltd is set to open for public subscription on June 6. The three-day initial public offering (IPO) will conclude on June 8. The bidding for anchor investors will open on June 5, accordi

BlackRock cuts edtech giant Byju's valuation by 62% in a year to .4 bn. BlackRock reportedly pegged the value of its 2,279 shares in the company at ,043,471, estimating Byju's fair value at .4 billion as of March 31, 2023

APSEZ Q4 results: Consolidated net profit rises 2.63% to Rs 1,140.97 cr. Adani Ports and Special Economic Zone Limited (APSEZ) on Tuesday reported a 2.63 per cent rise in consolidated net profit to Rs 1,140.97 crore for the fourth quarter ended March 2023. The country's largest integrated logistics player had clocked a consolid

CIL hikes non-coking coal prices by 8%; expects Rs 2,703 crore revenue. Coal India Ltd (CIL) on Tuesday said it has increased prices of non-coking coal by 8 per cent. The prices will come into effect from Wednesday, the miner said in a regulatory filing. "The Board has approved a price increase of 8 per cent over the existing

Abrdn likely to sell its 1.66% stake in HDFC Life via block deals: Report. Back in 2022, Abrdn Investment also divested a 5.58 per cent stake in HDFC AMC for more than Rs 2,300 crore through an open market transaction

Mensa Brands lays off 30 from recently-bought India Lifestyle Network. In November 2021, Mensa Brands raised 5 million at a valuation of nearly .2 billion, making it the fastest Indian start-up to reach unicorn status

HC cannot interfere with resolution process of Go First: IRP tells court. Senior Advocate Harish Salve, appearing for the IRP, told the court that a writ court should not interfere in the resolution process after the insolvency application has been accepted by the Tribunal

Abrdn likely to sell its entire stake in HDFC Life through a block deal. The shares will be sold between Rs 563.2 and Rs 585.15 each. At the upper end of the price band, the block sale would fetch abrdn Rs 2,088 crore

YES Bank brand makeover: Spending on advertising activities to surge 30%. The bank launched a tweak in its logo

Alstom emerges as lowest bidder for 100 alluminium Vande Bharat trains. French rail major bid Rs 151 crore per trainset; Stadler-Medha quoted Rs 169.9 cr

ICD provisioning drags McLeod Russel to loss of Rs 1,078.27 crore. Revenue from operations in Q4FY23stood at Rs 226.04 crore as against Rs 254.24 crore a year back

Biryanis, condoms, Jalebi-Fafda & soup bowls: What we Swiggy'd in IPL 2023. Biryani remains the most-ordered dish on delivery platform Swiggy, during the cricketing extravaganza, which came to a close in the wee hours of Tuesday

Kalpataru Projects International promoters divest 6% stake for Rs 468 cr. Promoters of Kalpataru Projects International Ltd (earlier known as Kalpataru Power Transmission) on Tuesday divested 6 per cent of their stake in the firm for Rs 468 crore through open market transactions. Parag Mofatraj Munot (promoter) and two promoter

Global IT firm Xebia inaugurates technology hub in Jaipur: Report. Global IT consulting company Xebia inaugurated its new technology hub in Jaipur to strengthen its presence in the region. The launch of the new technology hub comes as a part of the company's global strategy to expand business operations in cities like Jai

IMFA standalone net profit falls over 50% to Rs 63.65 cr in March quarter. Indian Metals & Ferro Alloys Ltd (IMFA) on Tuesday posted over a 50 per cent fall in its standalone net profit to Rs 63.65 crore in the March 2023 quarter, dragged by lower revenues. It had clocked a net profit of Rs 142.63 crore during the January-March q

Delhi Metro launches WhatsApp-based ticketing service for Airport line. The report further stated that with the launch of this facility, commuters on the Airport Line will now be able to use WhatsApp chatbot-generated QR code-based tickets from their smartphones

Uflex Q4 profit falls to Rs 83 lakh, revenue down 14% to Rs 3,320 cr. Packaging material manufacturer Uflex Ltd on Tuesday reported a 99.7 per cent decline in its consolidated net profit to Rs 83 lakh for the fourth quarter ended March 31, 2023 due to currency exchange losses. The company had posted a net profit of Rs 350.59

V-Guard net profit declines 41.14% to Rs 52.7 cr in March quarter. Electrical goods manufacturer V-Guard Industries Ltd on Tuesday reported a 41.14 per cent decline in consolidated net profit to Rs 52.72 crore for the fourth quarter ended March 2023. It had posted a net profit of Rs 89.57 crore in the January-March period

Jagran Prakashan net profit falls 55.8% at Rs 23.27 cr in March quarter. Jagran Prakashan Ltd, the publisher of the Hindi daily Dainik Jagran, on Tuesday reported a 55.86 per cent decline in its consolidated net profit to Rs 23.27 crore for the fourth quarter ended March 2023. The company had posted a net profit of Rs 52.73 cro

HUL well placed to partner India growth story, says Chairman Nitin Paranjpe. Paranjpe said that HUL is well-placed to partner the India growth story and is committed to playing its role in creating a sustainable and equitable future

We are targeting more than Rs 1,300-crore turnover in FY24: DCI CEO. Dredging Corporation of India Ltd (DCI) is targeting a 12 per cent growth to hit the turnover of more than Rs 1,300 crore in the ongoing financial year, MD & CEO S Divakar said. To achieve the goal, the company is looking to participate in new dredging ten

Adani-Hindenburg saga: Two Mauritius firms in report were under I-T lens. In its Adani report, Hindenburg Research named five Mauritius-based companies that collectively held sizeable stakes in Adani group companies over one and a half decades

'TCS' best years ahead': Outgoing CEO Gopinathan writes to employees. Rajesh Gopinathan welcomes new leader of IT services firm, wishes him success

Mining giant Glencore lends 0 million to rival Vedanta Resources. In return, VRL pledges 4.4 per cent stake in Vedanta to Glencore

After RIL-bp, Nayara Energy sells petrol, diesel at Re 1 less than PSUs. After Reliance Industries Ltd and its partner bp plc of the UK, Nayara Energy - the nation's largest private fuel retailer - has started selling petrol and diesel at Re 1 less than the fuel sold by state-owned retailers, officials said. While state-owned I

Unilever CFO Pitkethly to leave company by May 2024 as inflation worsens. The announcement of his departure comes as Unilever, like the rest of the consumer goods industry, is grappling with significant cost inflation and pressure on its margins

Top 4 IT companies see 40% drop in large client additions in FY23. Infosys is the only IT firm whose net client addition remained flat at 23 in FY23. All the other firms added fewer clients

Capital Small Finance eyes Rs 14,000 cr in FY24 on back of MSME loan growth. Capital Small Finance Bank Limited is looking at its total business rising over Rs 14,000 crore by the end of current financial year on the back of growth in its advances led by MSME loans and mortgages. The Jalandhar-headquartered bank has also plans to e

Go First lessors' request to repossess planes on hold, not rejected: DGCA. DGCA says can proceed to de-register Go First aircraft after moratorium lifted

Sun Pharma, Philogen join hands to commercialise skin cancer drug in Europe. Sun Pharmaceutical Industries on Tuesday said it has entered into a licensing pact with Philogen SpA to commercialise under-development skin cancer drug in Europe, Australia and New Zealand. The companies have come together to commercialise Philogen's spec

Inox Wind gets 150 MW wind energy project from NTPC Renewable Energy Ltd. Inox Wind on Tuesday said it has bagged a 150 MW wind energy project from NTPC Renewable Energy Limited (NTPCREL) in Gujarat. With this, the total orders awarded to Inox Wind from NTPC to date stands at 550 MW, the company said in a statement. Inox Wind ha

Apollo Hospitals Enterprise Q4 net profit rises 60% to Rs 145 crore. The company's consolidated revenue from operation rose by 21.3 per cent to Rs 4,302 crore for the March quarter as compared to Rs 3,546 crore in the year-ago period

Tata Technologies plans to hire 1,000 women engineers to promote diversity. Global engineering and product development digital services firm Tata Technologies Ltd on Tuesday said it aims to hire over 1,000 women engineers in 2023-24 as part of its move to promote gender diversity across its workforce. The company has launched its

BlackRock cuts Byju's valuation again. This time by 62% to .4 billion. However, Byju's recently secured 0 million in fresh funding at a valuation cap of billion

Operating environment to remain volatile amid global slowdown: HUL. Leading FMCG maker HUL expects the operating environment to remain volatile with global slowdown risks and weather-related uncertainty although price increase will tail off. In its annual report for 2022-23, the company said it anticipated a recovery in ma

Troubled airline Go First extends cancellation of flights until June 4. Go First had blamed the non-delivery of engines by the US engine manufacturer Pratt & Whitney for its failure to operate

Razorpay unveils India's fastest one-step payments solution Turbo UPI. Razorpay Turbo UPI aims to deliver a 5X faster payment experience, streamlines the payment process and eliminates any redirection to external apps

Can Adani convince investors to back his capital-hungry businesses?. The utility company earlier this month announced plans to raise as much as billion - one of two Adani companies looking to issue new shares for the first time since the short seller crisis

JioCinema partners NBCUniversal to bring films, TV series to India. NBCUniversal (NBCU) and JioCinema, Viacom18's streaming service, have entered into a multi-year partnership bringing thousands of hours of NBCU films and TV series to India

BHEL logs over 17% growth in new orders in 2022-23 to Rs 23,548 cr. State-run engineering firm Bharat Heavy Electricals Ltd (BHEL) logged over 17 per cent growth in new orders bagged in 2022-23 to Rs 23,548 crore compared to the previous year due to its diversified business approach. BHEL secured new orders worth Rs 20,078

NBCC (India) Q4 results: Net profit rises 205% to Rs 108 cr, revenue up 14%. The company's revenue from operation rose by 14.28 per cent to Rs 2,790 crore for the March quarter as compared to Rs 2,441 crore in the year-ago period

G20 countries to discuss common framework to define startups: Official. G20 member countries, including India and the US, are holding consultations to arrive at a common framework to define startups with a view to promoting the growth of new ventures, a senior official said. This issue among others would come up for discussion

Torrent Power posts Rs 484 cr Q4 net profit in, income grows to 6,133.70 cr. Torrent Power on Monday reported Rs 483.93 crore consolidated net profit in the March 2023 quarter, mainly on the back of higher revenues. The company had reported a consolidated net loss of Rs 487.37 crore in the quarter ended March 2022, a BSE filing sho

MOIL reports production of 402,000 tonnes of manganese ore in Q4FY22. The company plans to increase production by double-digits, signifying growth for the mining sector and the country's overall mineral resource development

Food-tech start-up Pluckk appoints Kunwarjeet Grover as Head of Growth. Pluckk, a leading food-tech direct-to-consumer company, focused on farm to fork fresh produce, on Monday announced the appointment of Kunwarjeet Grover as the company's Head of Growth

Tata Consumer to expand presence in south India, focusses on rural market. Tata Consumer Products Ltd is expanding its presence in the southern markets and focussing on building distribution channels in rural and semi-urban markets now, the company said in its latest annual report. "We are expanding our presence in South India ac

upGrad Abroad to hire 500 freshers in 3 months to expand business. Edtech player upGrad's arm, upGrad Abroad, on Monday said it plans to add 500 members in the next three months to further expand its business footprints. The fresh recruits would be made across multiple sub-departments including sales, marketing, technolog

ONGC plans to invest up to Rs 1 trillion in energy transition by 2030. ONGC is also looking to quickly expand its oil production through a series of projects

Executives of crisis-hit Go First discuss revival plans with DGCA officials. Senior executives of crisis-hit Go First, which is undergoing insolvency resolution process, on Monday discussed its revival plans with officials of aviation regulator DGCA, according to a source. The meeting, held in the national capital, came against the

CoC clears plan to distribute funds equally to Reliance Capital lenders. Dissenting lenders to get same amount from Hinduja offer

Warburg Pincus buys majority stake in Vistaar Finance for 0 mn. Vistaar Finance is a leading SME lender in India; it operates in 12 states with over 2,500 staff serving 40,000 customers; AUM of Rs 3,150 crore as of March 2023

WardWizard Innovations partners with iCreate to mentor EV startups. Gujarat-based electric two-wheeler maker WardWizard Innovations & Mobility on Monday announced stitching a strategic partnership with start-up incubator iCreate to mentor and fund promising EV startups in the country. Through this partnership, EV makers wi

BigBasket co-founder Abhinay Choudhari's LaundryMate raises .25 mn. Blume Founders Fund and several HNIs, including Ola co-founder Ankit Bhati, participated in the pre-Series A round

Reliance Capital loss narrows to Rs 1,488 cr, expenses fall to Rs 5,949 cr. Reliance Capital, a part of debt-ridden Anil Ambani-promoted Reliance Group on Saturday said its consolidated net loss narrowed to Rs 1,488 crore in the fourth quarter ended March 2023. The company posted a net loss of Rs 4,249 crore in the January-March q

Will continues to assist authorities in probe into company: Rolls-Royce. A document showed earlier that India had filed graft case against Rolls-Royce and BAE Systems for "criminal conspiracy" in procurement and licensed manufacturing of 123 Hawk 115 advanced jet trainers

G20 members working to arrive at common framework to define startups. G20 member countries, including India and the US, are holding consultations to arrive at a common framework to define startups with a view to promoting the growth of new ventures, a senior official said. This issue among others would come up for discussion

Jaypee Infratech defers approval of financial statements for March quarter. Jaypee Infratech, which is facing insolvency proceedings, on Monday said the company has deferred the approval of financial statements for the quarter and fiscal ended March 2023, as it has not been finalised in view of pending cases in the appellate tribu

IRCTC Q4 results: PAT jumps 30% YoY to Rs 279 cr, declares dividend of 100%. The Indian Railways catering services provider posted a double-digit growth in PAT, revenue and EBITDA on a year-on-year basis in Q4FY23

Zee Media Corporation net loss narrows to Rs 45.8 cr in March quarter. Zee Media Corporation Ltd on Monday said its net loss narrowed to Rs 45.79 crore for the fourth quarter ended March 2023. The company had posted a net loss of Rs 51.45 crore in the January-March quarter of the preceding fiscal, Zee Media Corporation Ltd (Z

Adani Transmission Q4 results: Consolidated PAT up 85% YoY to Rs 440 cr. Consolidated revenue from operations during the quarter under review rose 17% to Rs 3,031 crore as against Rs 2,556 crore in the same quarter of last year

Sebi may soon ease compliance norms for PE, VC funds in India: Report. The capital markets regulator had last week sent an email to 20 fund officials asking them to suggest ways to reduce the compliance burden

ICICI to move ahead with its plan to increase 4% stake in Lombard business. In a similar move, The RBI had given the HDFC Bank the permission to increase its take in HDFC Life Insurance and HDFC Ergo General Insurance beyond 50 per cent

Rolls-Royce set to slash 3,000 jobs to streamline business: Report. Luxury car and jet engine manufacturer Rolls-Royce is reportedly planning to slash thousands of jobs, around 3,000 'non-manufacturing employees', as it aims to cut costs and streamline operations

Woman-led edtech unicorn Guild lays off 172 employees for 'reorganisation'. he company had "identified the go-forward structure, roles, and skill sets needed to enable our strategy and create a more focused, seamless way of doing work at Guild," CEO told the staff

Gen Atlantic, Advent Int soon to acquire Everstone's Burger King stake. As of March 31, Burger King and its sub-brand BK Cafe together had a total of 391 restaurants in the country. BK Cafe is engaged in the business of serving coffee and beverages to its customers

Qualcomm India collaborates with WEP to empower 8 women-led startups. Qualcomm India on Monday announced a collaboration with Women Entrepreneurship Platform (WEP) to support 8 selected women-founded technology startups in the country

India Inc's dividend payout rises 26% to Rs 3.26 trillion in 2022-23. The dividend per share recommended by the top three corporations was more than double that of the previous year, with TCS again at the top of the list

Smartwatch maker Noise seeks to raise -50 mn to expand in growing market. Nexxbase Marketing Pvt, which sells smartwatches and earphones under its Noise brand, seeks funds to add products and gain market share in its home base of India

Amazon announces 5G revolution sale on smartphones: Check deals and offers. Amazon said its Prime customers can unlock special offers and avail no-interest EMI scheme for up to 24 months. The sale is currently live and it will continue till the end of the month, May 31

As Go First seeks to plug exit, 200 pilots accept Air India's job offer. Go First CEO announces retention allowance and longevity bonus

ONGC Videsh has around 0 mn of dividend income stuck in Russia: Official. India's flagship overseas firm ONGC Videsh has less than USD 100 million of dividend income lying in Russia because of Ukraine conflict but the company is not in a hurry to bring it back, a senior official said on Monday. Indian state oil firms have invest

Zomato joins Dial4242 to provide medical support to delivery partners. Online food delivery platform Zomato on Monday announced it has collaborated with Dial4242 to provide ambulance services and medical support through mobile medical units (MMUs) to delivery partners

JioCinema, NBCUniversal sign partnership pact to bring NBCU films to India. Viacom18's streaming platform JioCinema on Monday announced a multi-year agreement with NBCUniversal (NBCU) to bring several NBCU films and TV series to India. The development comes a month after JioCinema said it will be the new home to HBO and Warner Bro

Ola launches 'Prime Plus' cabs for cancellation-free rides; details here. Ola will not hire new drivers or vehicles for the new service and would instead rely on its existing fleet, sources said

IPCA Laboratories Q4 results: Net profit declines 41% to Rs 76.52 crore. The company's consolidated revenue from operation rose by 17.3 per cent to Rs 1,512 crore for the March quarter

Atomberg raises mn in series C funding from Temasek, Steadview Capital. Consumer appliances start-ups will use the financing to strengthen manufacturing, develop new products

Xiaomi partners Optiemus to manufacture audio products in Noida. Xiaomi India on Monday announced a partnership with Optiemus Electronics Limited (OEL) to manufacture its audio products in the country

Medanta net profit surges over five-fold to Rs 101 cr in March quarter. Healthcare provider Global Health (Medanta) on Monday said its net profit surged over five fold to Rs 101 crore in the fourth quarter ended on March 31, 2023, aided by increase in bed capacity and higher in-patient footfalls. The company had reported a net

ONGC to invest Rs 1 trn in energy transition by 2030; net-zero by 2038. India's top oil and gas producer ONGC will invest Rs 1 lakh crore by 2030 on energy transition projects as it targets net zero carbon emissions by 2038, its chairman Arun Kumar Singh said on Monday. The firm joins fellow state-owned oil and gas firms India

Goodyear India profit rises 93% to Rs 33.61 crore in March quarter. The company's consolidated revenue from operation rose by 9.19 per cent to Rs 653 crore for the March quarter as compared to Rs 598 crore in the year-ago period

Air India growing, hiring 600 cabin crew members, pilots every month: CEO. Bullish on growth prospects with a "healthy start" to Air India's five-year transformation plan, its chief Campbell Wilson on Monday said the airline is hiring 550 cabin crew members and 50 pilots every month and also expects to have six wide-body A350 pla

Ambani-backed EV maker aims to raise mn, seeks 9 mn valuation. The company, which counts billionaire Mukesh Ambani among its backers, is seeking a valuation of around 0 million in the new round, said one of the people

PG Electroplast forms joint venture with Jaina Group to manufacture LED TV. PG Electroplast Ltd, a contract manufacturer in the consumer electronics and appliances space, would set up a joint venture (JV) which will initially undertake ODM manufacturing of Google-certified LED televisions. The JV will have an option later to expan

Warburg Pincus acquires 90% stake in Vistaar Finance for 0 million. Private equity major Warburg Pincus on Monday announced that it has acquired a 90 per cent stake in non-bank lender Vistaar Finance for USD 250 million. The stake in the 13-year-old company has been acquired through a combination of primary and secondary i

HeidelbergCement India net profit falls 62.6% to Rs 35 cr in March quarter. HeidelbergCement India Ltd on Monday reported a 62.64 per cent decline in its net profit to Rs 34.97 crore for the fourth quarter ended March 2023, on account of an increase in input costs and lower sales volume. The company had reported a net profit of Rs

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