Posts in category Business Standard
PennWhite sets up subsidiary in India (21-02-2024)
To tap market for premium foam control solutions
Singapore Market falls 0.83% (21-02-2024)
At closing bell, the Straits Times Index (STI) index was down 26.95 points, or 0.83%, to 3,217.11 after trading between 3,214.53 and 3,247.63. Volume of 2.24 billion shares worth S$1.47 billion changed hands. Across the broader market, advancers outpaced decliners 312 to 283.
Hong Kong Market extends gain as China lending rate cut (21-02-2024)
At closing bell, the benchmark Hang Seng Index surged 255.59 points, or 1.57%, to 16,503.10 to reach the highest level since January 5. The Hang Seng China Enterprises Index spurted 123.55 points, or 2.24%, to 5,642.78.
Ambuja Cements to set up 4 mtpa cement unit in Jharkhand (21-02-2024)
The cement manufacturer informed that it proposes to establish a cement grinding unit with an investment of Rs 1000 crore in Motia Village of Jharkhand with a capacity of 4 million tonnes per annum (mtpa).
China: Market extends winning streak to third day (21-02-2024)
The People's Bank of China cut the five-year loan prime rate (LPR) by 25 basis points to 3.95% on Tuesday, as authorities sought to prop up the struggling property market and broader economy.
Orient Technologies files draft papers with Sebi to raise capital via IPO (21-02-2024)
Information technology (IT) solutions provider Orient Technologies Ltd has filed preliminary papers with Sebi to raise funds through an Initial Public Offering (IPO).
The initial share-sale is a combination of a fresh issue of Rs 120 crore and an Offer For Sale of up to 46 lakh equity shares by promoters, according to the Draft Red Herring Prospectus (DRHP) filed on Tuesday.
Those offloading shares in the OFS are -- Ajay Baliram Sawant, Umesh Navnitlal Shah, Ujwal Arvind Mhatre, and Jayesh Manharlal Shah.
Proceeds from the fresh issue to the tune of Rs 79.65 crore will be used for funding capital expenditure requirements, Rs 10.35 crore for the acquisition of office premises at Navi Mumbai, and a portion will also be used for general corporate purposes.
Over the years, the company has developed deep expertise in creating products and solutions for specialised disciplines across IT Infrastructure, IT Enabled Services (IteS), and Cloud and Data Management Services.
As of December 31
Ultratech commissions 1.8 mtpa cement capacity in Rajasthan (21-02-2024)
Ultratech Cement announced that it has commissioned 1.8 mtpa (million tonnes per annum) brownfield cement capacity at Kotputli, Rajasthan.
NTPC, Power Grid sink 3% on profit taking after rallying up to 21% in 1 mth (21-02-2024)
The BSE power index, meanwhile, closed calendar year 2023 with gains of 34 per cent with NTPC and Power Grid surging 87 per cent and 48 per cent, respectively, for the year
Ambuja Cements to establish 4 MTPA cement grinding unit in Godda, Jharkhand (21-02-2024)
The project is planned in close proximity to Adani Power (Jharkhand), as part of a comprehensive approach to disposing of fly ash in an environmentally safe manner and contributing to the circular economy. The project exemplifies Ambuja Cements' commitment to sustainable practices and reflects its dedication to fostering inclusive growth in Jharkhand. The unit will generate direct and indirect employment for over 2,500 individuals, significantly contributing to the economic and social progress of the state.
HFCL hits 52 week high after board OKs to set up OFC unit in Poland (21-02-2024)
HFCL added 1.49% to Rs 112.40 after the company's board approved to the strategic expansion into Europe with the setting up of optical fiber cable (OFC) manufacturing facility in Poland, Europe.