M&M: MAHINDRA LAST MILE MOBILITY, WHICH MAKES 3 AND 4-WHEELER SMALL COMMERCIAL VEHICLES, IS CONSIDERING DOUBLING PRODUCTION CAPACITY IN THE NEXT TWO YEARS ON THE BACK OF STRONG DEMAND FOR ELECTRIC THREE-WHEELERS.
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Coforge Expands Strategic Partnership With Pega To Accelerate Enterprise AI Transformation
FORTIS HEALTHCARE: IHH SAYS IN CONCALL TO INCREASE STAKE IN FORTIS TO 51% FROM 31% CURRENTLY
TATA GROUP IS IN TALKS WITH ITS BIGGEST MINORITY SHAREHOLDER ON PROPOSALS TO UNLOCK LIQUIDITY, INCLUDING A POTENTIAL SWAP OF SHARES OF ITS LISTED ENTITIES, AS THE SHAPOORJI PALLONJI GROUP SEEKS FUNDS TO REPAY COSTLY DEBT, - BBG
Latest GMP of Open IPos
🏢 Mainboard IPOs
Annu Projects — GMP: ₹7 (7.07%)
Lumino Industries — GMP: ₹56 (68.29%)
ESDS Software Solution — GMP: ₹325 (75.76%)
Priority Jewels — GMP: ₹37 (18.50%)
🏭 SME IPOs
Sumax Engineering — GMP: ₹35 (34.65%)
Kwick Forensic Solutions — GMP: ₹64 (71.11%)
Complete Sports and Management — GMP: ₹0 (0.00%)
Paluck Technologies — GMP: ₹25 (52.08%)
🏢 Mainboard IPOs
Annu Projects — GMP: ₹7 (7.07%)
Lumino Industries — GMP: ₹56 (68.29%)
ESDS Software Solution — GMP: ₹325 (75.76%)
Priority Jewels — GMP: ₹37 (18.50%)
🏭 SME IPOs
Sumax Engineering — GMP: ₹35 (34.65%)
Kwick Forensic Solutions — GMP: ₹64 (71.11%)
Complete Sports and Management — GMP: ₹0 (0.00%)
Paluck Technologies — GMP: ₹25 (52.08%)
TATA GROUP IS IN TALKS WITH ITS BIGGEST MINORITY SHAREHOLDER ON PROPOSALS TO UNLOCK LIQUIDITY, INCLUDING A POTENTIAL SWAP OF SHARES OF ITS LISTED ENTITIES, AS THE SHAPOORJI PALLONJI GROUP SEEKS FUNDS TO REPAY COSTLY DEBT, - BBG
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EIL IN FOCUS
EIL: GOVT TO HIRE EIL FOR THIRD-PARTY QUALITY CHECKS ON 5,000 KM OF HIGHWAYS AND EXPRESSWAYS
EIL: GOVT TO HIRE EIL FOR THIRD-PARTY QUALITY CHECKS ON 5,000 KM OF HIGHWAYS AND EXPRESSWAYS
ICICI PRUDENTIAL AMC
Prudential Corp sells 2% Equity (98.85 lakh shares) of the co via open market sale
Alert: Prudential Corp Holdings is one of the promoters of the Company
Sells stake to comply with minimum public shareholding requirements
Shareholding of the promoters & promoter group members reduces to 85.6% from 87.6%
Prudential Corp sells 2% Equity (98.85 lakh shares) of the co via open market sale
Alert: Prudential Corp Holdings is one of the promoters of the Company
Sells stake to comply with minimum public shareholding requirements
Shareholding of the promoters & promoter group members reduces to 85.6% from 87.6%
🇮🇳🇺🇸 | US Ambassador To India On X
👉India Plans To Buy The Battle-tested Javelin Anti-Tank System
👉A Great Step Forward In US-India Defence Relationship, Opens Door To Co-pdn Possibilities
👉India Plans To Buy The Battle-tested Javelin Anti-Tank System
👉A Great Step Forward In US-India Defence Relationship, Opens Door To Co-pdn Possibilities
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ACME SOLAR: CO RECEIVES LOI FOR 300 MW, AT A TARIFF OF RS. 6.00 PER KWH FOR ENTIRE PPA TENURE
KARNATAKA BANK: Karnataka Bank Launches Capital Gains Accounts Scheme to Facilitate Efficient Tax Planning
POWER, COAL STOCK 🔴
45 INDIAN POWER PLANTS FACE CRITICALLY LOW COAL INVENTORIES
• 45 power plants now have coal stocks below critical levels, up from 31 at end-July
• 40 of the affected plants are domestic coal-fired plants
• Heavy rainfall in Odisha, Jharkhand and Chhattisgarh has disrupted mining and coal transportation
• Higher power demand is also accelerating coal consumption
• Coal inventories have fallen around 19% from end-July levels through August
• Some plants have less than 3 days of coal stock
45 INDIAN POWER PLANTS FACE CRITICALLY LOW COAL INVENTORIES
• 45 power plants now have coal stocks below critical levels, up from 31 at end-July
• 40 of the affected plants are domestic coal-fired plants
• Heavy rainfall in Odisha, Jharkhand and Chhattisgarh has disrupted mining and coal transportation
• Higher power demand is also accelerating coal consumption
• Coal inventories have fallen around 19% from end-July levels through August
• Some plants have less than 3 days of coal stock
WAAREE RENEWABLE: WINS EPC ORDER FOR 291 MWp SOLAR PROJECT + 280 MWh BESS
• Received Letter of Award from an Indian thermal power generating company
• Scope: EPC of 291 MWp ground-mounted Solar PV project with 280 MWh BESS
• Order Type: Commercial Order
• Execution: Scheduled for completion in FY 2027-28
• Promoter/Group Interest: None
• Received Letter of Award from an Indian thermal power generating company
• Scope: EPC of 291 MWp ground-mounted Solar PV project with 280 MWh BESS
• Order Type: Commercial Order
• Execution: Scheduled for completion in FY 2027-28
• Promoter/Group Interest: None
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VEDANTA IRON & STEEL: GST DISPUTE AMOUNT CUT SHARPLY TO ₹6.73 CR FROM ₹51.23 CR
📑 Subsidiary ESL Steel has received a Demand-cum-Show Cause Notice from the GST authorities in Ranchi.
💰 Amount under dispute has been reduced to ~₹6.73 Cr from ₹51.23 Cr disclosed earlier.
⚠️ Matter relates to alleged excess availment of Input Tax Credit (ITC) on import of goods during FY22 and FY23.
⚖️ ESL Steel is evaluating the notice and will take appropriate legal action within prescribed timelines.
✅ Company says it does not expect any material financial or operational impact.
🟢 Impact: Positive — sharp reduction in disputed GST amount significantly lowers the potential liability, while management expects no material business impact.
📑 Subsidiary ESL Steel has received a Demand-cum-Show Cause Notice from the GST authorities in Ranchi.
💰 Amount under dispute has been reduced to ~₹6.73 Cr from ₹51.23 Cr disclosed earlier.
⚠️ Matter relates to alleged excess availment of Input Tax Credit (ITC) on import of goods during FY22 and FY23.
⚖️ ESL Steel is evaluating the notice and will take appropriate legal action within prescribed timelines.
✅ Company says it does not expect any material financial or operational impact.
🟢 Impact: Positive — sharp reduction in disputed GST amount significantly lowers the potential liability, while management expects no material business impact.
DEFENCE STOCKS : GOVt Says No Stakeholder Consultation Required For Exports Of Non-Lethal Defence Items
BHARAT FORGE : No Stakeholder Consultation Required For Exports Of Non-Lethal Defence Items : GOVT 🟢🟢