Latest news with #Aman
Business Upturn
2 hours ago
- Business
- Business Upturn
BEML bags defence order worth Rs 293.82 crore for supply of HMV 6×6 vehicles
BEML Limited has announced that it has secured a fresh order worth approximately ₹293.82 crore from the Ministry of Defence for the supply of High Mobility Vehicles (HMV) 6X6. The disclosure was made pursuant to Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015. This new contract strengthens BEML's position as a key defence equipment supplier, highlighting its capability to deliver advanced, indigenous mobility solutions for the armed forces under the government's 'Make in India' initiative. Notably, on July 18, BEML had also announced a separate order worth ₹185.65 crore from the Ministry of Defence (E-in-C) for the supply of bulldozers. That earlier order, which was made in the normal course of business, further deepened the company's long-standing relationship with the Ministry and added to its already strong defence-focused order pipeline. While the bulldozer order is unrelated to the latest HMV contract, both reinforce BEML's critical role in supporting India's defence infrastructure through consistent and high-quality equipment deliveries. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
3 hours ago
- Business
- Business Upturn
Natco Pharma offers to acquire 35.75% stake in South Africa's Adcock Ingram for Rs 2,000 crore
NATCO Pharma is making a bold move into the South African pharmaceutical market. The company's board has approved a major strategic investment to acquire a 35.75% stake in Adcock Ingram Holdings Limited, a leading pharmaceutical company based in South Africa. This includes NATCO's earlier holding of 0.80%. The acquisition, valued at around ₹2,000 crore (approximately ZAR 4 billion), involves buying over 5 crore shares from public shareholders and Adcock's treasury. NATCO has offered ZAR 75 (around USD 4.27) per share in an all-cash deal. If accepted, NATCO will join Bidvest, which holds the remaining 64.25%, as one of the two key stakeholders in Adcock Ingram. Adcock Ingram, founded back in 1890, operates across four main verticals—Prescription, OTC, Consumer, and Hospital products. In the financial year ending June 2024, it posted revenue of ZAR 9.6 billion (about USD 536 million), with a healthy EBITDA margin of 14.6% and net profit of ZAR 814 million (USD 45 million). This deal is part of NATCO's broader push to expand its global footprint. The company has also decided to set up a new wholly owned subsidiary in South Africa—NATCO Pharma South Africa Proprietary Limited—with an investment cap of ₹2,100 crore. The new entity will act as a holding and operational base to manage its local investments and business in the region. At the same time, NATCO plans to simplify its overseas structure by liquidating Time Cap Overseas Limited, a current wholly owned subsidiary. Post-liquidation, its Brazilian arm, NatcoFarma do Brasil Ltda., will come under direct ownership of NATCO Pharma. This acquisition is expected to unlock long-term value for both companies. For Adcock, it brings in NATCO's strength in R&D, dossier filing, IP access, and reach into regulated markets. NATCO, on the other hand, gets a foothold in a growing market and a chance to synergize operations with a respected local player. The transaction is likely to close by December 2025, subject to approvals from regulators in India and South Africa. If all goes as planned, Adcock Ingram may also be delisted from the Johannesburg Stock Exchange (JSE). Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
4 hours ago
- Business
- Business Upturn
Nifty top gainers today, July 23: Tata Motors, Bharti Airtel, Shriram Finance, Apollo Hospitals and more
By Aman Shukla Published on July 23, 2025, 15:38 IST Indian stock markets ended on a strong note on July 23, with benchmark indices rallying on the back of gains in heavyweight stocks. The Nifty 50 closed above the key 25,200 mark for the first time, settling at 25,219.90, up 0.63%. The Sensex also saw significant traction, rising by 539.83 points to close at 82,726.64. The market rally was driven by strong buying in frontline stocks, particularly from the auto, financial, and telecom sectors. Below is a detailed look at the top gainers of the Nifty 50 (as per Trendline) for the day. Nifty 50 Top Gainers on July 23 Tata Motors closed at ₹690.9, up 2.6% Bharti Airtel closed at ₹1,948.7, up 2.2% Shriram Finance closed at ₹654, up 2.2% Apollo Hospitals closed at ₹7,389, up 2.0% Bajaj Finance closed at ₹968, up 1.6% Jio Financial Services closed at ₹315, up 1.4% Bajaj Auto closed at ₹8,394, up 1.2% Maruti Suzuki closed at ₹12,638, up 1.2% Adani Enterprises closed at ₹2,615.5, up 1.1% Bajaj Finserv closed at ₹2,061, up 1.1% Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Apollo HospitalsBharti AirtelNiftyShriram FinanceTata Motors Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
5 hours ago
- Business
- Business Upturn
Nifty top losers today, July 23: Tata Consumer Products, Hindustan Unilever, Infosys, Grasim Industries and more
By Aman Shukla Published on July 23, 2025, 15:50 IST Indian stock markets wrapped up July 23 on a strong note, with both the Sensex and Nifty closing in the green. The Sensex surged 539.83 points or 0.66% to settle at 82,726.64, while the Nifty 50 ended the session 159 points higher at 25,219.90, up 0.63%. Despite the upbeat market mood, a few heavyweight stocks from the Nifty 50 pack came under pressure and ended in the red. Among the biggest losers of the day were Tata Consumer Products, Hindustan Unilever and Infosys. Let's take a closer look at the top losers of the Nifty 50, according to Trendlyne. Nifty 50 top losers on July 23 Tata Consumer Products fell 1.9% , closing at ₹1,064 Hindustan Unilever declined 0.9% , ending at ₹2,456.8 Infosys slipped 0.8% , closing at ₹1,558.9 Grasim Industries was down 0.7% , settling at ₹2,703.7 Bharat Electronics dropped 0.6% , finishing at ₹400.6 UltraTech Cement lost 0.6% , closing at ₹12,378 Tata Steel fell 0.3% , ending at ₹162.5 ONGC declined 0.3% , closing at ₹245.8 ITC dipped 0.2% , settling at ₹415 Tech Mahindra edged down 0.2%, ending at ₹1,544.3 Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
8 hours ago
- Business
- Business Upturn
BCL Industries secures new ENA supply order from Rajasthan State Ganganagar Sugar Mills
BCL Industries has received a fresh Letter of Acceptance (LOA) from Rajasthan State Ganganagar Sugar Mills Limited for the supply of 59 lakh litres of Extra Neutral Alcohol (ENA) from its Bathinda distillery in Punjab. The order will be fulfilled over the next six months, with an option for the buyer to increase the quantity by an additional 50%. In the exchange filings, BCL Industries shared, 'This is to inform you that the Company in its normal course of business had participated in a tender floated by M/s. Rajasthan State Ganganagar Sugar Mills Limited to supply Extra Neutral Alcohol (ENA) and received letter of acceptance (LOA) for supplying 59 Lac litres of ENA, from its Bathinda (Punjab) distillery, over a period of next 6 months with a possibility of supplying additional 50% of the said order at the option of the buyer.' This marks another milestone for BCL, which had earlier bagged an order for 60 lakh litres on November 26, 2024. Impressively, the company supplied around 69 lakh litres by June 30, 2025—exceeding expectations. The latest order reaffirms BCL Industries' strong execution capabilities and consistent performance in the ENA supply space. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
