look news india
Telecom companies have got big relief from the cabinet. Vodafone has got big relief from the government. It was decided to cancel the bank guarantees of the companies. Vodafone Idea had to give bank guarantee of ₹24700 crore. Companies acquiring spectrum before 2022 will get relief.
railway stock
Cabinet approves 3 multitracking projects of Indian Railways. 3 multi-tracking projects worth around ₹7927 crore approved. This project will be completed in 4 years.
The board gave in-principle approval for the separation of the ice cream business. The ice cream business will be listed separately. HUL’s Quality Wall, Cornetto, Magnum brands. HUL said its focus is on building a leading listed company in India. Shareholders will get shares in the new entity on the basis of HUL shares. We will continue to invest in the eye cream business.
BHEL/Hitachi Energy
BHEL and Hitachi Energy received orders from Power Grid. Orders received for Khawra-Nagpur HVDC project. HVDC stands for High Voltage Direct Current. Orders for 800 KV, 6000 MW projects were received from Power Grid. The project is expected to be completed by 2029.
domestic air of india
Domestic air passenger traffic growth in October stood at 5.3% on a year-on-year basis. Domestic traffic increased 8% to 136.58 passengers in October. IndiGo’s market share increased from 63% to 63.3%. Air India’s market share fell from 29.2% to 28.5%. SpiceJet’s market share increased from 2% to 2.4%. Akasa Air’s market share increased from 4.4% to 4.5%.
Pierre Bruno has resigned as chief executive officer of Wipro’s Europe Strategic Markets unit. Omkar Nissal will be appointed Chief Executive Officer of WIPRO’s Europe Strategic Markets Unit. Omkar Nisal will take charge from November 26.
Zomato launches QIP worth ₹8500 crore. The floor price for the QIP has been set at ₹266 per share. The floor price is at a 2.5% discount to CMP.
KEI Industries
The company launched QIP. The office size for QIP is ₹2000 crore. The indicative price of QIP is ₹3,800 per share. The floor price is at a 5.5% discount to CMP.
LT Foods
Entered Saudi Arabia with the opening of a new office in Riyadh. There are plans to invest SAR 185 million in Saudi Arabia over the next 5 years. Revenue target of SAR 435 million over the next 5 years.
New India Assurance Company
The company received a tax refund of ₹1,945 crore.
stove craft
A new cast iron foundry was built at the Harohalli factory. The current capacity of the foundry is 2.2 million pieces per year. The target is to reach 4.4 million pieces annually in the future.
power grid
LOI received for interstate transmission system in UP and Rajasthan.
gulf oil
Contract with Piaggio India extended. Increase in contract for high performance lubricant solutions for commercial vehicles.
Ashoka Buildcon
The company received LoA from NHAI for the ₹1,391 crore project.
Premier Energy
The company received various orders worth Rs 1087 crore.