Investors will track pharma, energy, infra, hospitality and agri stocks on Monday as several firms announced key developments. Alkem Labs signed a business transfer deal with its subsidiary, while Azad Engineering bagged a $73.47 mn contract with Mitsubishi. Oil India…
Founded in 2002 as Alcobrew Distilleries India Pvt Ltd, the company transitioned into a public limited entity in 2022. For the financial year ending March 2025, Alcobrew reported consolidated revenue from operations of ₹1,615.01 crore, compared to ₹1,640.11 crore in…
Four officials and two workers were killed in an accident inside a furnace at a private steel plant in Chhattisgarh’s capital Raipur on Friday, while six others, including a general manager, suffered injuries, according to police.
The re-appointment was approved by the company’s Board of Directors, following the recommendation of the Nomination and Remuneration Committee and subject to statutory approvals.
Mahesh Patil, Chief Investment Officer at Aditya Birla Sun Life AMC highlighted the power and utilities sector as another key opportunity. He sees strength in power transmission and distribution (T&D), backed by rising investments in coal and capital goods infrastructure.
Shares of Chambal Fertilisers ended 1.6% lower at ₹519.60 on Friday. The stock has fallen 16% in the last six months.
The facility, with a first-phase capacity of 25,000 metric tonnes and an investment of around ₹100 crore, will cater to multi-storey steel buildings, data centres, semiconductor and electronic plants, and battery manufacturing facilities.
The company plans to mobilise around ₹500 crore by issuing fresh shares, while promoters and existing shareholders, including BanyanTree, will sell up to 2.4 crore shares through an offer-for-sale.
The restriction covers financial services activities, including Advising on Financial Products, Arranging Deals in Investments, Arranging Credit, Advising on Credit, and Arranging Custody. Shares of HDFC Bank Ltd ended at ₹945.15, down by ₹4.45, or 0.47%, on the BSE.
The 47.58 crore-share IPO comprises a fresh issue of 21 crore equity shares and an offer for sale (OFS) of 26.58 crore shares. Under the OFS, Tata Sons will sell 23 crore shares, while the International Finance Corporation (IFC) will…