Articles for tag: Ahead, Bright, Celebrates, Crore, Doubling, Future, Goa, Profits, Remarkable, Revenue, Shipyard, Success, Unprecedented

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Goa Shipyard Ltd celebrates unprecedented success, doubling revenue to Rs 2,000 crore, with remarkable profits and a bright future ahead.

Goa Shipyard Ltd celebrates unprecedented success, doubling revenue to Rs 2,000 crore, with remarkable profits and a bright future ahead.

Goa Shipyard Limited (GSL) has reported record revenue of Rs 1,753 crore for the fiscal year 2024, marking a remarkable 102 percent growth year-on-year. According to Chairman and Managing Director Brajesh Kumar Upadhyay, the company has surpassed its previous financial achievements in all areas, including a significant profit before tax increase of 78 percent, reaching ...

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M2P Fintech secures Rs 850 crore funding, eyes expansion in Africa’s growing fintech landscape and strengthening operations in Asia.

M2P Fintech secures Rs 850 crore funding, eyes expansion in Africa’s growing fintech landscape and strengthening operations in Asia.

M2P Fintech, a banking infrastructure company, recently announced it has raised Rs 850 crore in its series D funding round, with a valuation exceeding Rs 6,550 crore. The round was led by Helios Investment Partners and included existing investor Flourish Ventures. The funds will support M2P’s operations in India and aid its expansion into Africa, ...

Market News

JSW Group commits to its Rs 40,000 crore EV project in Odisha, amid rumors of relocating to Maharashtra, despite delays.

JSW Group commits to its Rs 40,000 crore EV project in Odisha, amid rumors of relocating to Maharashtra, despite delays.

The JSW Group has confirmed it is not withdrawing its proposed Rs 40,000 crore electric vehicle (EV) and battery project from Odisha, despite media reports suggesting a shift to Maharashtra. Ranjan Nayak, an executive from the company, emphasized their commitment to the original plan, which includes setting up a significant manufacturing facility and related units ...

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Lighthouse Advisors sells a stake in V2 Retail for Rs 85 crore, while Motilal Oswal Mutual Fund purchases shares amid market fluctuations.

Lighthouse Advisors sells a stake in V2 Retail for Rs 85 crore, while Motilal Oswal Mutual Fund purchases shares amid market fluctuations.

Lighthouse Advisors, a private equity firm, recently sold a 2% stake in V2 Retail for Rs 85 crore through an open Market deal. The sale involved over 734,000 shares at an average price of Rs 1,160 each, reducing Lighthouse’s holding in V2 Retail from 6.36% to 4.24%. Following this transaction, shares of V2 Retail rose ...

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SpiceJet secures Rs 3,736 crore funding to regain market share and restore its reputation amidst ongoing financial struggles.

SpiceJet secures Rs 3,736 crore funding to regain market share and restore its reputation amidst ongoing financial struggles.

SpiceJet, the low-cost airline, has successfully raised Rs 3,000 crore through a Qualified Institutional Placement (QIP) from global investors to improve its efficiency and reliability. The airline also plans to receive an additional Rs 736 crore from past funding to bolster its financial stability and support growth initiatives. With this investment, SpiceJet aims to strengthen ...

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Inox Wind secures Rs 2,200 crore financing from an ICICI Bank-led consortium, marking a pivotal milestone in its financial independence.

Inox Wind secures Rs 2,200 crore financing from an ICICI Bank-led consortium, marking a pivotal milestone in its financial independence.

Inox Wind has successfully secured a financial agreement with a consortium of banks led by ICICI Bank, covering a credit facility of Rs 2,200 crore. This agreement may increase to Rs 2,400 crore based on an assessment of working capital by ICICI Bank. The financing, primarily non-fund based through bank guarantees and letters of credit, ...

Market News

NCLAT orders 75% interim distribution of Rs 175 crore for BKEL lenders, sparking dramatic financial tensions amid rising debts.

NCLAT orders 75% interim distribution of Rs 175 crore for BKEL lenders, sparking dramatic financial tensions amid rising debts.

The National Company Law Appellate Tribunal (NCLAT) has ordered the interim distribution of 75 percent of the escrow funds, totaling Rs 175 crore, held by Baleshwar Kharagpur Expressway Limited (BKEL) to its secured lenders. This ruling came after a request from the State Bank of India (SBI), as BKEL, which has not serviced its loans ...

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