CG Power and Industrial Solutions Ltd announced today it has entered into a long-term supply agreement with Kinet Railway Solutions Limited for railway products. The initial purchase order, valued between ₹400-450 crores, covers the supply of propulsion kits with motors, transformers and other components for 10 Vande Bharat trainsets. The shares of CG Power and...
SpiceJet share price plunged more than 6% on Thursday, extending its slide for the fourth consecutive session. SpiceJet shares declined as much as 6.38% to ₹45.48 apiece on the BSE. In the past four sessions, SpiceJet shares have dropped nearly 10%. SpiceJet shares saw a block deal during Thursday’s trading session, wherein its promoter Ajay...
The benchmark indices ended mixed on Tuesday, with the BSE Sensex closing marginally lower, while the NSE Nifty edged up in late trade. Selective buying helped Nifty recover losses, even as global market weakness and foreign fund outflows kept investor sentiment cautious. The BSE Sensex closed 12.85 points lower (-0.02 per cent) at 74,102.32, after...
IPO Watch: Allchem Lifescience Limited has filed its draft red herring prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI), for an initial public offering (IPO). Founded in 2017, Allchem Lifescience is an Indian producer of active pharmaceutical ingredients (API) intermediates and specialty chemicals. The firm focuses on creating key...
The wheat trade is not willing to accept the Ministry of Agriculture wheat production estimate this year of a record 115.43 million tonnes (mt), saying they are not convinced with the data. They did not agree with the production survey of 110 mt, made on behalf of the Roller Flour Millers Federation of India (RFMFI),...
