Author: Legal Parivar

Shares of NTPC Limited surged over 4% on Monday, reaching all-time highs of ₹358.30 on the NSE during intraday trading. Notably, NTPC stock emerged as the top gainer among Nifty-50 stocks. The robust power demand in the country is boosting the prospects of power producers like NTPC, with ongoing news about capacity expansions further enhancing earnings outlook and investor confidence. In a recent development, the Board of Directors of NTPC approved investment for the Singrauli Super Thermal Power Project, Stage-III (2×800 MW), with an estimated cost of Rs. 17,195.31 crore. With this project and others in the pipeline, NTPC’s group…

Steel Minister Jyotiraditya Scindia announced that the steel ministry is actively working to prevent a potential shortage of low-grade iron ore in India, amidst growing concerns from steelmakers regarding the export of this essential steelmaking ingredient. Scindia addressed the issue on March 4 during the inauguration of Jindal Stainless’ inaugural green hydrogen plant, emphasizing the need for additional iron ore as steel production continues to rise in the country. While Secretary of the Steel Ministry, N N Sinha, dismissed the possibility of imposing a ban on exports last week, reports suggest that smaller steelmakers have been urging the government to…

Logistics startup BlackBuck, supported by Flipkart, is gearing up for a potential IPO in the upcoming fiscal year, with aims to raise up to $300 million, according to sources familiar with the matter. “They have recently engaged merchant bankers and legal advisors to guide them on their proposed IPO and have initiated preparations for their draft red herring prospectus. They intend to file the DRHP with the full financial figures for FY24. The company is eyeing the second half of FY25 to launch its IPO,” one source stated. Established in 2015, BlackBuck, operated by Zinka Logistic Solutions Pvt Ltd, operates…

Gopal Snacks, known as Gopal Namkeen, has initiated its initial public offering (IPO) aiming to raise Rs 650 crore. The savory snack manufacturer’s offer comprises a pure offer for sale of 1.62 crore shares, with its anchor book scheduled to open on March 5. Here are the key details you should know:

Pratham EPC Projects, an integrated provider of engineering, procurement, construction, and commissioning services, is set to initiate its initial public offering (IPO) on March 11. The IPO, categorized as an SME IPO, will open for bidding from March 11 to March 13. The company has disclosed the price band for the public offer, with Pratham EPC Projects IPO priced between ₹71 to ₹75 per share. At the upper end of this range, the company aims to raise ₹36 crore through the issuance of 48 lakh fresh equity shares. The lot size for Pratham EPC Projects IPO is 1,600 shares, requiring…

Senior Indian batsman KL Rahul, who sat out of the last three Tests against England due to a quadriceps injury that required surgery last year, is progressing well in his recovery and is expected to be ready for the upcoming Indian Premier League starting on March 22. Rahul leads the Lucknow SuperGiants and their first match in IPL-2024 is against the Rajasthan Royals in Jaipur on March 24. Experiencing discomfort in his right quadriceps, Rahul sought expert advice in London to address his injury.

JG Chemicals, a manufacturer of zinc oxide, is entering the primary markets with a public offer worth Rs 251.19 crore, set to open on March 5. The anchor book will open for a day on March 4. Here are the key details of the offer:

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Australian cricketer Pat Cummins, the World Cup-winning captain, has been appointed as the captain of the Sunrisers Hyderabad team for the upcoming Indian Premier League (IPL) season, as announced by the franchise on Monday. The 30-year-old fast bowler was acquired by SRH for a staggering Rs 20.50 crore during the IPL auctions held in December last year, making him the second most expensive player in the history of the event. Cummins takes over the captaincy from South African player Aiden Markram, who led SRH in the 2023 season. The announcement was made by SRH across various social media platforms, accompanied…

The government has authorized the export of 30,000 tonnes of non-basmati white rice to Tanzania and 80,000 tonnes of broken rice to Djibouti and Guinea Bissau, as per a notification from the Directorate General of Foreign Trade (DGFT). Despite the ban on exports of non-basmati white rice since July 20, 2023, aimed at bolstering domestic supply, exceptions are made for certain countries upon government approval to fulfill their food security requirements. Tanzania, situated in East Africa, and Djibouti, located on the northeast coast of the African continent, are among the recipients of these exports. Guinea-Bissau, a West African tropical country,…