Vodafone Idea, Dixon Technologies and Cochin Shipyard are among the eight stocks that are expected to be included in the MSCI India Standard Index in its August rebalancing. MSCI India Standard Index rebalancing announcement is scheduled on August 12, post the market hours. All changes to the index will be made as of the close … Read more
Vodafone Idea share price surged 13.26 per cent intraday, reaching the day’s high of ₹15.05 on the NSE after CARE Ratings’ upgraded the company’s Long Term Bank Facilities from B+ to BB+, maintaining a stable outlook. Additionally, the Short Term Bank Facilities were upgraded from A4 to A4+. The company announced after the market hours … Read more
Adani Ports & SEZ: Adani Group is preparing a $3 billion fund to increase its global ports capacity and establish a significant presence in the corridor connecting India to Europe via Central and West Asia. The group plans to increase its port capacity from 600 million metric tonnes per annum (MMT) to 800 MMT in … Read more
Vodafone Idea: The company is optimistic about its ₹18,000-crore follow-on public offer (FPO) receiving full subscription, particularly from anchor investors. The company’s CEO, Akshay Moondra said that the company plans to roll out 5G services within six to nine months after the FPO. This will involve fast-tracking orders for 5G equipment from vendors. It aims … Read more
Larsen and Toubro: L&T Defence, the defence equipment arm of Larsen and Toubro, plans to expand into the production of non-military equipment and infrastructure. This strategy aims to optimize the use of its assets while the company anticipates securing larger defence contracts. To align with this new business approach, the division has been renamed L&T … Read more