Market News
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The Jammu and Kashmir Bank hits Rs 3 lakh crore business mark on 16% deposit growth
Jammu and Kashmir Bank has crossed the Rs 3 trillion mark in total business during the first quarter of the current fiscal. This growth, exceeding 20% year-on-year, was fueled by a increase in both deposits and gross advances.
Zee promoter family aims to raise stake, infuse ₹3,143 crore via warrants
In a board meeting on Wednesday evening, the promoters have proposed to eventually hike Sunbright International’s shareholding in Zee Entertainment from the current 0.18% to a little over 20%, taking the Subhash Chandra-led Goenka family’s total stake in the company to just under 25%.
RITES soars 11% on over 10-fold jump in trading volume; wins infra project
The average trading volumes on the RITES counter jumped over 10-fold with a combined 28.02 million shares, representing 5.8% of total equity changed hands on the NSE and BSE till 10:30 AM on Wednesday
Noida authority auctions land parcels to Godrej Properties, VRC construction
Noida Authority has successfully auctioned two prime land parcels in Sector 151 for residential projects, fetching a total of Rs 666 crore from Godrej Properties and VRC Construction. This development, coupled with the upcoming Noida International Airport and robust infrastructure, is fueling significant growth in the region. Experts predict substantial increases in property values over the next two years, underscoring Noida's burgeoning real estate market.
Transrail Lighting Ltd secures overseas orders worth Rs 459 cr
Transrail Lighting Ltd has secured significant international orders totaling approximately Rs 459 crore, primarily for transmission line construction in the Middle East and North Africa. This boosts the company's total order inflow for the year to Rs 1,034 crore. Additionally, Transrail is the Lowest (L1) bidder for projects worth around Rs 400 crore, indicating a strong future pipeline and sustained growth prospects.
Health ministry issues proposal for one-year residual shelf life for imported drugs
The Union Health Ministry is proposing to relax import rules for medicines, requiring a minimum 12-month shelf life upon arrival instead of the current 60% of total shelf life. This move aims to simplify business operations and ensure medicine availability. The change, however, will not affect specialized drugs like biologicals and radiopharmaceuticals. Officials believe this will cut down wastage and improve inventory management, ultimately benefiting patients.
Prestige Group to Launch Two Housing Projects in Delhi-NCR in FY26-27; Targets Rs 7,000 Crore Revenue
The total developable area in these two projects would be nearly 8 million sq ft, and the total revenue potential is estimated at Rs 6,800 crore, as per the company's latest investor presentation.
Avaada targets 17.7 GW renewable energy capacity within two years
Avaada Group is set to significantly expand its renewable energy capacity. The company plans to add 10.5 gigawatts over the next two years. This expansion will bring Avaada's total installed generation capability to 17.7 gigawatts. Power purchase agreements are already secured for these upcoming projects. This growth aligns with India's clean energy transition goals.
Lloyds Engineering Works soars 14%; stock up 117% from March low
The average trading volumes at the Lloyds Engineering counter jumped 7-fold with a combined 73 million shares representing 5% of total equity of the company changing hands on the NSE and BSE.
GIC OFS: Government disinvestment mop-up set to cross ₹15,000 crore with latest initiative
If one adds the monetisation receipts, the total mop up currently stands at ₹21,732 crore , which is 27% of the fully year target of ₹80,000 crore. Sources indicate that at the current pace, the government is likely to exceed the combined ₹80,000 crore target set for the current financial year.
Homebuyers 'fraud' case: ED attaches fresh assets worth Rs 503 crore of Raheja Developers
The Enforcement Directorate has attached fresh assets worth approximately Rs 503 crore in a money-laundering probe against Raheja Developers and its promoter Navin M Raheja. This action is part of an investigation into alleged fraud against homebuyers, with the agency claiming substantial funds were diverted from projects. The total attached assets now stand at around Rs 1,617.29 crore.
JSW Energy commissions 150 MW Tidong hydro project, total capacity rises to 13,900 MW
Shares of JSW Energy Ltd ended at ₹560.10, up by ₹8.05, or 1.46%, on the BSE.