Tag: FinancialNews
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RVNL Secures Rs 729 Crore Contract from HPSEBL, Shares Edge Higher
Introduction RVNL stock price experienced an augmentation in its value by 3.39%, thus making it equal to Rs 337.20 after the company had clinched a whopping contract to the tune […]
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Bank of Baroda Board Approves Rs 8,500 Crore Fundraising Plan
Bank of Baroda has approved a plan to raise Rs 8,500 crore through a Qualified Institutional Placement (QIP) to boost its capital base and support growth. This move is part of the bank's strategy to strengthen its financial position and enhance its lending capacity.
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Info Edge (India) Approves Sub-division of Equity Shares
Info Edge (India) has announced a stock split, reducing the face value of its shares from Rs 10 to Rs 2. This strategic move aims to improve liquidity, make the stock more accessible to retail investors, and potentially boost market participation.
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Jindal Steel & Power Announces New Rs 16,000 Crore Capex: Implications and Market Reactions
Jindal Steel & Power (JSPL) has unveiled a Rs 16,000 crore capital expenditure plan aimed at enhancing efficiency, reducing costs, and boosting steel production capacity. This new investment comes in addition to the Rs 31,000 crore already committed by the company, sparking mixed reactions from analysts. With the goal of increasing crude steel capacity to 15.9 MTPA by FY27, the move signals JSPL’s growth ambitions, though concerns about rising debt and stock performance remain.