ProfitNama

5 September 2024

Natco Arm Invests $8m in US’ eGenesis

Natco Pharma invests $8M in eGenesis to explore biotech breakthroughs in organ transplantation and xenotransplantation. Source and citation: ET Bureau. “Natco Arm Invests $8m in US’ eGenesis.” ET Bureau, September 5, 2024. TLDR For This Article: Natco Pharma’s Canadian subsidiary has invested $8 million in U.S.-based biotech firm eGenesis, which is pioneering xenotransplantation—developing human-compatible organs […]

Natco Arm Invests $8m in US’ eGenesis Read More »

Suzlon Sells Pune HQ for Rs 440 cr, Leases it Back for up to 5 years

Suzlon sells and leases back its Pune headquarters to unlock capital for growth. Here’s what it means. Source and citation: ET Bureau. “Suzlon Sells Pune HQ for Rs 440 cr, Leases it Back for up to 5 years.” ET Bureau, September 5, 2024. TLDR For This Article: Suzlon Energy sold its Pune headquarters for ₹440

Suzlon Sells Pune HQ for Rs 440 cr, Leases it Back for up to 5 years Read More »

India-UK FTA within Touching Distance: NITI Aayog CEO

The India-UK FTA is in its final stages, promising enhanced trade and investment opportunities for both nations. Source and citation: PTI. “India-UK FTA within Touching Distance: NITI Aayog CEO.” PTI, September 5, 2024. TLDR For This Article: The India-UK Free Trade Agreement (FTA) is nearing completion, aiming to boost the already substantial bilateral trade relationship.

India-UK FTA within Touching Distance: NITI Aayog CEO Read More »

RIL Bags ₹3,620-Cr Battery PLI Sops

RIL secures ₹3,620 crore under the government’s PLI scheme for advanced chemistry battery storage production. Source and citation: ET Bureau. “RIL Bags ₹3,620-Cr Battery PLI Sops.” ET Bureau, September 5, 2024. TLDR For This Article: Reliance Industries Ltd. (RIL) has been awarded ₹3,620 crore in incentives under the government’s PLI scheme for producing 10 GWh

RIL Bags ₹3,620-Cr Battery PLI Sops Read More »

Adani Group’s Maiden Public Issue of Bonds Oversubscribed 1.8X on Day 1

Adani’s debut bond issue oversubscribed 1.8x on Day 1, offering yields up to 9.9%, attracting strong interest. Source and citation: ET Bureau. “Adani Group’s Maiden Public Issue of Bonds Oversubscribed 1.8X on Day 1.” ET Bureau, September 5, 2024. TLDR For This Article: Adani Enterprises’ first-ever non-convertible debenture (NCD) issue raised ₹716 crore on Day

Adani Group’s Maiden Public Issue of Bonds Oversubscribed 1.8X on Day 1 Read More »

D-Street Diary

Sona BLW launches ₹2,000 crore QIP, major IPO updates, and stock moves impacting investors and industries. Source and citation: Mehta, Sangita. “D-Street Diary.” ET Bureau, September 5, 2024. TLDR For This Article: Sona BLW Precision Forgings launched a ₹2,000 crore QIP at a floor price of ₹699.01, while significant IPOs and stock deals occurred with

D-Street Diary Read More »

A Bigger Share of Bank Deposits Comes at Higher Rates Now

Banks increase deposit rates to 7% and above, driven by growing credit demand and deposit shortages. Source and citation: Mehta, Sangita. “A Bigger Share of Bank Deposits Comes at Higher Rates Now.” ET Bureau, September 5, 2024. TLDR For This Article: Banks are offering higher interest rates on deposits to attract savers as they face

A Bigger Share of Bank Deposits Comes at Higher Rates Now Read More »

Surging Inflows make MFs Stay Put in Equities

Mutual fund inflows hit record highs, pushing equity investments and reshaping market dynamics for investors. Source and citation: Shyam, Ashutosh. “Surging Inflows make MFs Stay Put in Equities.” ET Bureau, September 5, 2024. TLDR For This Article: Domestic mutual funds have significantly increased equity investments, with inflows reaching a record ₹3.3 lakh crore, surpassing foreign

Surging Inflows make MFs Stay Put in Equities Read More »

RBI Board Reviews Indian, Global Economy

RBI’s review of Indian and global economy highlights key outlooks, impacting industries and investment strategies. Source and citation: ET Bureau. “RBI Board Reviews Indian, Global Economy.” ET Bureau, September 5, 2024. TLDR For This Article: The RBI’s board reviewed India’s domestic and global economic conditions, operations, and outlook, offering insights into future policy directions. Analysis

RBI Board Reviews Indian, Global Economy Read More »

error: Content is protected !!
Scroll to Top
×