Shyam Metalics and Energy Ltd (SMEL) announced today the commissioning of a new blast furnace and sinter plant at its Jamuria facility in West Bengal, representing an investment of ₹600 crore. The expansion aims to boost the company’s steel production capabilities. The shares of Shyam Metalics and Energy Ltd (SMEL) were trading at ₹859.65, up…
Solar Industries India Limited has secured an order worth ₹887 crore from Singareni Collieries Company Limited for the supply of explosives and initiating systems, the company announced today. The contract, to be executed over two years, involves the supply of SME explosives, LDC explosives, and initiating systems for overburden blasting operations. Also Read: Metal stocks…
The Sandur Manganese & Iron Ores Limited (SANDUMA) announced today its plans to acquire an additional 20 per cent stake in Arjas Steel Private Limited (ASPL), which would give it 100 per cent ownership of the specialty steel manufacturer. The company’s board approved the acquisition during its 375th meeting on November 4, 2024. The shares…
Shares of Coal India Ltd (CIL) rose 0.87 percent to ₹431.87 on the BSE, as it turns ex-dividend today, November 5, 2024. The company, India’s largest state-owned coal producer, declared an interim dividend of ₹15.75 per share on a face value of ₹10 per share, with November 5, 2024, set as the record date for…
Venus Remedies Limited has received Good Manufacturing Practices (GMP) approval with PIC/S accreditation from Malaysia’s National Pharmaceutical Regulatory Agency (NPRA) for its pre-filled syringe facility in Baddi, India. The certification, announced on November 5, 2024, marks the company’s first PIC/S GMP accreditation for its PFS facility. The shares of Venus Remedies Limited were trading at…
Royal Enfield, the global leader in mid-size motorcycles, announced its entry into the electric vehicle market with a new brand called ‘Flying Flea’ on November 4, 2024. The company unveiled two models – the classic-styled Flying Flea C6 and scrambler-styled Flying Flea S6, with the C6 scheduled for retail launch in Spring 2026. The…
Pharma major Dr Reddy’s Laboratories is expected to post a decline in net profit in the second quarter of current fiscal year ended September 30, 2024 driven by a tardy growth in North America market with an increase in the top line in the numbers to be announced on Tuesday, According to analysts the net…
Domestic markets are likely to open with a downward bias on Tuesday amid mixed global cues ahead of the US poll outcome. Nandish Shah, Senior Derivative & Technical Research Analyst, HDFC Securities, said: Investors geared up for a busy week as a double dose of potentially market-moving events is expected during the week that includes…
Sensex, Nifty, Share Prices LIVE: The stock of Angel One has been in an uptrend since mid-August this year. Although the share price has decreased recently, this is just a correction within the uptrend. There is room to fall more from here. However, strong support is in the ₹2,720-₹2,680 region, which can halt the current…
Defense training solutions provider Zen Technologies reported a 276 per cent year-on-year jump in net profit to ₹65.24 crore for the second quarter ended September 30, 2024. The Hyderabad-based company’s revenue from operations surged 277 per cent to ₹241.69 crore compared to ₹64.03 crore in the same quarter last year. The shares of Zen Technologies…
