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IEX Stock Soars on Bullish News: Mandatory Power Exchange Trading Boosts Trading Volume

IEX Stock Soars on Bullish News: Mandatory Power Exchange Trading Boosts Trading Volume

March 01, 2024 Bullish / IEX
The Bullish Trigger for Indian Energy Exchange (IEX) Introduction The Indian Energy Exchange (IEX) has recently been in the spotlight due to a significant development that has created a bullish sentiment among investors. The news revolves around a new regulation that mandates power producers to sell energy through power exchanges to claim a fixed charge. This rule is expected to significantly increase the trading volume on IEX, thereby benefiting power producers who comply. {jistoc} $title={Table of Contents} IEX Latest Share News The latest news about the IEX shares is directly linked to the new rule. The expectation of a surge in trading volume on IEX has created a bullish mood among investors, leading to an increase in the stock price. This development has put IEX in the spotlight, making it a hot topic among investors and market watchers. Opening Lowest Closing Change Volume 145.95 145.65 151.55 Up 4.99%
Small Cap Surprise: Tine Agro Announces Bold Stock Split & Bonus

Small Cap Surprise: Tine Agro Announces Bold Stock Split & Bonus

February 28, 2024 Bonus Issue / Multibagger Stock
Tine Agro Ltd: A Small Cap Multibagger Announces 1:1 Bonus Issue and 1:10 Stock Split Explore the recent announcement by Tine Agro Ltd, a small cap company from the trading & distributors industry, about their 1:1 bonus issue and 1:10 stock split. Learn about the company’s record date, stock performance, and more {jistoc} $title={Table of Contents} About Tine Agro Tine Agro came into existence in 1994. It operates in the trading industry and also functions as an agriculture and commodity company. It develops agricultural and forest resources-based industries. Key Announcement : Bonus, Stock Split, and Everything You Need to Know Tine Agro Ltd, a small cap company from the trading & distributors industry, has recently made headlines in the stock market. The company's shares touched a 2% upper circuit and a 52-week high after it declared March 18, 2024, as the record date for a 1:1 bonus share and a 1:10 stock split. Record Date for Stock Split and Bonus Iss
Gillette India Rewards Big: Double Dividend Jackpot Hits Rs 85!

Gillette India Rewards Big: Double Dividend Jackpot Hits Rs 85!

February 28, 2024 Dividends / Financial Position
Gillette India Delivers: Debt-Free, Double Dividends Totaling Rs 85/Share Explore the latest updates on Gillette India Share Company, a leading FMCG industry player. Discover the company’s strong financial position, its double dividend announcement, impressive third-quarter results, and previous return information {jistoc} $title={Table of Contents} Gillette India Share Company: A Double Bonanza for Investors Gillette India Share Company, a leading player in the Fast-Moving Consumer Goods (FMCG) industry, has recently announced a double dividend, bringing a windfall for its investors. The company, renowned for its manufacturing prowess in blades, razors, and oral care products, has declared two dividends simultaneously, amounting to a total of Rs 85. This announcement, coupled with the declaration of the third quarter dividend, signifies a period of robust growth for the company. A Snapshot of Gillette India Share Company Gillette India Share Company is a titan in t
AVG Logistics Secures Long-Term Contract for Parcel Train Operations with Indian Railways

AVG Logistics Secures Long-Term Contract for Parcel Train Operations with Indian Railways

February 26, 2024 AVG Logistics / Bagged New Orders
AVG Logistics Wins ₹105 Crore Contract to Operate Leased Parcel Express Train AVG Logistics, a leading name in the logistics industry, has recently achieved a significant milestone. The company has secured a long-term contract from Indian Railways for the operations of the Leased Parcel Express Train. This development marks a new chapter in the company's growth story and reinforces its commitment to delivering top-notch logistics solutions. {jistoc} $title={Table of Contents} AVG Logistics Boosts Capacity: Parcel Train Agreement with Indian Railways The collaboration between AVG Logistics and Indian Railways is set to revolutionize the logistics landscape. The Leased Parcel Express Train, operated by AVG Logistics, will significantly enhance the efficiency and capacity of freight transportation in the country. Here's a brief overview of the contract details: Contracting Entity Contract Duration Operations Indian Ra
South Indian Bank Rights Issue: Key Info & Impact

South Indian Bank Rights Issue: Key Info & Impact

February 25, 2024 News / Rights Issue
South Indian Bank's Share News, Rights Issue: Everything You Need to Know (Price, Impact, Key Dates, Strategy) Get the latest insights on South Indian Bank’s rights issue at ₹ 22 per share. Learn about the impact on the bank’s share structure, key dates for investors, and the strategic implications of this move {jistoc} $title={Table of Contents} Introduction The South Indian Bank, one of India's premier banking institutions, has recently announced a significant development that is set to impact its financial trajectory. The bank has approved a rights issue, a strategic move aimed at raising capital to bolster its financial standing and future growth prospects. Understanding the Rights Issue In a rights issue, existing shareholders are offered the opportunity to purchase additional shares in the company, often at a discounted price. The South Indian Bank has set the price for this rights issue at ₹ 22 per share. This move is expected to raise approximately ₹ 11
GMDC Gears Up for Growth: FY25 Investment Plan Unveiled, Inviting Investor Interest

GMDC Gears Up for Growth: FY25 Investment Plan Unveiled, Inviting Investor Interest

February 22, 2024 ATPS Overhaul / Capital Outlay
GMDC's Strategic Investment Plan for FY25: A Balanced Approach to Capital Expenditure Explore GMDC's strategic investment plan for FY25, highlighting its balanced approach to capital expenditure and alignment with broader energy sector goals. Learn about the allocations for lignite projects, coal blocks in Odisha, metal project expansion, and power projects emphasizing renewable energy and ATPS overhaul {jistoc} $title={Table of Contents} Gujarat Mineral Development Corporation (GMDC), a leading player in the energy sector, has announced a robust capital outlay of INR 3,041 Cr for the fiscal year 2025. This strategic investment plan reflects a balanced approach to capital expenditure and aligns with broader energy sector goals. Lignite Projects: INR 1,138 Cr The largest allocation of INR 1,138 Cr is earmarked for lignite projects. This significant investment underscores GMDC's commitment to harnessing the potential of lignite as a key energy resource. The
Real Estate Giant Hiranandani Raided by ED: FEMA Violations Suspected!

Real Estate Giant Hiranandani Raided by ED: FEMA Violations Suspected!

February 21, 2024 ED Raid / Hiranandani
Enforcement Directorate Raids Hiranandani Group Over FEMA Violation The Enforcement Directorate (ED) is reportedly conducting searches at the head office and other premises of the Hiranandani Group in Mumbai. These searches are in connection with a violation of the Foreign Exchange Management Act (FEMA). {jistoc} $title={Table of Contents} Background The Hiranandani Group, a renowned real estate conglomerate in India, is currently under the scanner of the ED. The group's offices in Mumbai are being searched as part of an investigation into a suspected FEMA violation. The Hiranandani Group has made significant contributions to the real estate sector in India, and this development has sent ripples through the industry. The FEMA Violation FEMA, enacted in 1999, is a regulatory mechanism that enables the Indian government to manage foreign exchange in accordance with the changing dynamics of the Indian economy. Any contravention of its rules is considered a violati
Rushil Decor Embarks on a New Journey with Modala Panels and Boards

Rushil Decor Embarks on a New Journey with Modala Panels and Boards

February 21, 2024 joint venture / JV
Rushil Decor Share Latest News In a significant move that marks a new chapter in the plywood industry, Rushil Decor (RDL) has announced the incorporation of a subsidiary company through a joint venture agreement with Modala Panels and Boards. This strategic partnership aims to manufacture plywood and other allied products, leveraging the strengths of both entities. Explore the details of the joint venture between Rushil Decor and Modala Panels and Boards. Learn about their strategic decision, shareholding structure, impact on share prices, and the bright future ahead in the plywood industry {jistoc} $title={Table of Contents} A Strategic Decision The decision was made at a meeting held on 22 February 2024, where the board of RDL gave its approval to enter into a joint venture agreement with Modala Panels and Boards, led by its proprietor Dr M N Rao. This move is a testament to RDL's commitment to growth and expansion in the plywood industry. It signifies a strateg
Paytm ensures smooth payments: Shifts nodal account to Axis Bank, tools work beyond March 15

Paytm ensures smooth payments: Shifts nodal account to Axis Bank, tools work beyond March 15

February 18, 2024 Axis Bank / digital payments
Paytm Makes Big Move: Partners with Axis Bank for Smooth Soundbox & Card Machines Continued Service Despite Bank Shift After March 15 Paytm has moved its nodal account from Paytm Payments Bank to Axis Bank, by opening an Escrow Account. This move is aimed at ensuring smooth and uninterrupted merchant settlements, as per the regulatory guidelines. Paytm's customers and merchants can continue to use its app and devices, without any hassle or inconvenience. Paytm is also working to resolve the issues related to its Payments Bank, and restore its full operations soon. Don't Worry, Your Paytm QR & Card Payments Still Work After March 15th {jistoc} $title={Table of Contents} Paytm shifts nodal account to Axis Bank, assures seamless service to merchants Paytm, India's leading digital payments platform, has announced that it has moved its nodal account from Paytm Payments Bank to Axis Bank, by opening an Escrow Account. This move is aimed at ensuring smoo
Tata Takes Over! 5 Hot IPOs to Watch in 2024

Tata Takes Over! 5 Hot IPOs to Watch in 2024

February 16, 2024 Bigbasket / Finance
Get Ready to Rise: 5 Tata IPOs to Watch in 2024 Get detailed insights into the five Tata Group companies - Tata Autocomp Systems, Tata Advanced Systems, Tata Sons, Tata Play, and Bigbasket - that are likely to launch their IPOs in 2024. Discover potential investment opportunities and stay updated with the latest in the Indian business landscape {jistoc} $title={Table of Contents} Introduction The Indian business landscape is buzzing with anticipation as the Tata Group, one of the country's most respected conglomerates, gears up to launch five of its Initial Public Offerings (IPOs) in 2024. This blog post provides a detailed overview of these upcoming IPOs, offering insights into what investors can expect. Tata Play, Tata Technologies, and More: 5 IPOs Set to Make Headlines 1. Tata Autocomp Systems Tata Autocomp Systems, also known as TACO, is a fully-owned subsidiary of the Tata Group. Established in 1995, TACO operates as the vehicle for the group's ventures
Big Win for Surya Roshni: ₹119.71 Crore Order Boosts MS Pipe Production

Big Win for Surya Roshni: ₹119.71 Crore Order Boosts MS Pipe Production

February 12, 2024 Bagged New Orders / Infrastructure Development
Surya Roshni Bags ₹119.71 Crore Deal for Chittorgarh Project Explore the recent developments of Surya Roshni Limited, a leading Indian multinational that has secured a significant order for the supply of MS Coated pipes. Learn about their Q3 results, share price, and the impact of this new order on the company and the industry. Dive into the details of spirally welded pipes and the growing infrastructure development in Chittorgarh, Rajasthan. Discover the future prospects of India’s manufacturing sector. {jistoc} $title={Table of Contents} Introduction Surya Roshni Limited, a leading Indian multinational, has recently made headlines by securing a significant order for the supply of MS Coated pipes¹. This development not only marks a significant milestone for the company but also underscores the growing importance of the manufacturing sector in India's economy. A Brief Overview of Surya Roshni Limited Established on October 17, 1973, Surya Roshni Limited is a pub
Second Day of IT Raid at Ward Wizard: Impact and Latest Updates

Second Day of IT Raid at Ward Wizard: Impact and Latest Updates

February 08, 2024 e-bikes / Financial Transactions
IT Ride Continues for Second Day at Ward Wizard Company The blog post provides a detailed account of the ongoing IT Raid at the Ward Wizard Company, a manufacturer of e-bikes. It covers the impact on the stock market, the scope of the investigation, and a brief background of the company's Chairman and Managing Director, Yatin Gupta. The post concludes with the anticipation of uncovering unaccounted money worth crores of rupees. Stay tuned for updates {jistoc} $title={Table of Contents} Introduction The Income Tax Department has launched an extensive investigation into the Ward Wizard Company, a prominent manufacturer of e-bikes. The probe, which began yesterday, has continued into its second day, covering six to seven locations associated with the company. Impact on Stock Market The repercussions of the investigation were immediately felt in the stock market. By the end of the first day, Ward Wizard's share price had fallen by Rs 6.11, closing at 75.42. Today,