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Granules India shares plunged over 16 percent during intraday trading on Thursday, September 12, following the company’s announcement that the USFDA’s inspection of its Gagillapur FD facility, conducted from August 26 to September 6, 2024, concluded with six observations. In response, the company issued a statement to reassure concerned investors, emphasizing its commitment to resolving the issues raised. “We acknowledge that several investors have sought clarification, and we want to reassure them that we are actively addressing the Read More

Shares of NBCC (India) are in news today after the PSU major said it has won a project valued at Rs 1,600 crore. NBCC will develop a prominent Land Parcel of MTNL measuring approximately 13.88 acres located on Pankha Road, New Delhi.  The Navratna PSU stock closed 2.60% lower at Rs 175.75 on Wednesday. Shares of NBCC have zoomed 191.66% in a year and gained 114% in 2024. However, the multibagger stock saw high volatility Read More

Tamil Nadu chief minister MK Stalin said that he had met with Ford officials to discuss the future of their closed plant in Maraimalai Nagar near Chennai. On X (formerly Twitter), he said, “Had a very engaging discussion with the team from Ford Motors! Explored the feasibility of renewing Ford’s three decade partnership with Tamil Nadu, to again make in Tamil Nadu for the world!” The meeting with Ford is part of MK Stalin’s US Read More

Samsung Electronics is planning to lay off more than 200 executives across various functions in its Indian operations, The Economic Times reported. The decision comes amid slowing business growth and weakening consumer demand in the country. The layoffs are expected to impact multiple departments, including mobile phones, consumer electronics, home appliances, and support functions. Industry sources suggest that this reduction could affect approximately 9-10% of Samsung’s managerial workforce in India, the report added. According to the report, the Read More

Indian Renewable Energy Development Agency (IREDA) on Monday said it has inked initial pacts with SJVN and GMR Energy for the development and implementation of the 900 MW Upper Karnali hydro-electric project in Nepal. This collaboration aims to enhance regional energy security through the development of renewable energy infrastructure, a statement said. Pradip Kumar Das, Chairman & Managing Director of IREDA, said, Our investment in this important hydropower project underscores IREDA’s ongoing commitment to advancing Read More