Last week, L&T’s buildings and factories business had won large orders from the Madhya Pradesh State Tourism Development Corporation. The company classifies those orders, which range from ₹2,500 crore to ₹5,000 crore as “large” ones.
This is the second fund raise that Coforge has planned over the last 18 months. Previously, the company had raised ₹2,240 crore through the issue of shares to eligible institutional buyers through a QIP to fund the acquisition of Cigniti…
The newly acquired land parcel at Attibele Hobli has a saleable area of 6.4 msft and a potential gross development value of over ₹4,800 crore.
Nirmal Bang’s Jyoti Gupta said the proposed amalgamation of ACC and Orient Cement could deliver over 12% value accretion for Ambuja shareholders, driven by cost savings, working capital gains, and tax benefits.
Steven Englander, Managing Director and Global Head of G10 FX Research and North American Macro Strategy at Standard Chartered Bank, was decisive on the outlook for the Indian rupee, saying the current phase of US dollar weakness is unlikely to…
The company said the balance amount will be utilised to meet tax obligations linked to the transaction.
A sum of ₹10,262 crore worth related party transactions have been carried out, including those with Murugappa Group Entities, which merits a closer regulatory scrutiny, according to the Cobra Post report.
Cipla had received regulatory approval from the Central Drugs Standard Control Organisation late last year for the exclusive distribution and marketing of Afrezza.
Brokerage firm Morgan Stanley believes that the street will view this as a positive development as it removes the overhang of managing multiple listed companies under the Ambuja Cement basket, and should be viewed favourably by shareholders.
This is Antony Waste’s second order in the last one week, while GPT Infra has made a fifth such announcement since December 9 this year.