by Hansraj Agrawal | Oct 14, 2024 | Share Market
Last Updated : Oct 14 2024 | 7:04 PM IST
Ami Organics has allotted 6,950 equity shares under ESOS on 14 October 2024. Pursuant to this allotment, the paid up share capital of the Company stands increased from Rs. 40,92,75,110/- (consisting of 4,09,27,511 equity shares of face value of Rs. 10/-each) to Rs. 40,93,44,610/- (consisting of 4,09,34,461 equity shares of face value of Rs. 10/- each).
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First Published: Oct 14 2024 | 6:49 PM IST
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by Hansraj Agrawal | Oct 14, 2024 | Share Market
Last Updated : Oct 14 2024 | 6:50 PM IST
Hindustan Construction Company (HCC) has been awarded a Rs 1,031.6 crore contract by Maharashtra State Road Development Corp.
(MSRDC) for the construction of a two-lane bridge across Agardanda Creek in Raigad District on Revas-Reddi Coastal Highway (MSH-04) in Maharashtra on an EPC mode.
The total length of the Bridge is 4.3 km, consisting of approaches of 45 m on the Agardanda side, 145 m on the Dig hi side, and the main Bridge of 4,120 m. The Bridge is located on the offshore side of Agardanda Jetty and Dighi Port. The project includes two navigation spans with horizontal clearance of 100 m and vertical clearance of 15 m. The Bridge proper
consists of a cable-stayed superstructure for navigational spans totalling 420 m with a span configuration of 67.5 m + 142.5 m + 142.5 m + 67.5 m.
Once completed, this project is poised to contribute to enhanced connectivity, reduced travel time and the region’s overall economic development. This latest win by HCC is yet another contribution by the company to Maharashtra’s infrastructure landscape.
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First Published: Oct 14 2024 | 6:41 PM IST
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by Hansraj Agrawal | Oct 14, 2024 | Share Market
Last Updated : Oct 14 2024 | 6:50 PM IST
Eraaya Lifespaces announced that its Indian subsidiary EbixCash Global Services (ECGS) has successfully secured multi-year contracts with an “Annual Contract Value” of Rs 25 crore (Approx). These contracts encompass Business Operations, Process Management, and Customer Care Services across various sectors, including Healthcare, E-Commerce, Agriculture, Banking, Financial Services and Insurance (BFSI), and Telecom.
The recently secured contracts by EbixCash Global Services include: h
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Telecom Sector: ECGS will be facilitating Tata Tele Business Services, enhancing the Sales & Customer Service operations. h
E-Commerce Sector: Improving the user experience and transaction efficiency for Rozgar.com and leveraging AI Technology for sales and customer service in personalized cosmetic products while teaming up the leader in the DTC E-Commerce space IncNut Lifestyle with the brands Vedix and Skinkraft offering customized ayurvedic hair care and skincare solutions, transforming the beauty and wellness industry through data driven, individualized care. h
Healthcare Sector: Securing contracts with Sahyadri Hospitals, one of Indias leading hospital chains, to optimize patent management and service delivery, along with emergency response operations. h
Automobile Segment: Partnering with a prominent automobile organization to focus on customer lifecycle management
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First Published: Oct 14 2024 | 6:38 PM IST
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by Hansraj Agrawal | Oct 14, 2024 | Share Market
Last Updated : Oct 14 2024 | 6:09 PM IST
India’s consumer price based inflation rose to 5.49% on an annual basis in September. With this uptick, inflation has moved up from 5-year low of 3.65%. This is also the first time since July that it crossed the Reserve Bank of India’s (RBI) medium-term target of 4%. Year-on-year inflation rate based on All India Consumer Price Index (CPI) for the month of September for rural and urban are 5.87% and 5.05%, respectively. It is likely that the increase in inflation rate for the month of September, 2024 is due to high base effect and weather conditions. Year-on-year inflation rate based on All India Consumer Food Price Index (CFPI) number is 9.24% (Provisional) for the month of September, 2024, up sharply from 5.66% the previous month. Corresponding inflation rate for rural and urban is 9.08% and 9.56%, respectively.
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First Published: Oct 14 2024 | 5:55 PM IST
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by Hansraj Agrawal | Oct 14, 2024 | Share Market
2 min read Last Updated : Oct 14 2024 | 4:56 PM IST
Travel tech platform Easy Trip Planners Ltd on Monday said its board has approved issuance of bonus shares.
The board of directors at its meeting held on Monday approved the issuance of bonus shares in the ratio of one bonus equity share for every one fully paid-up equity share, Easy Trip Planners, which operates under the brand EaseMyTrip, said in a regulatory filing.
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The bonus shares will be issued from the company’s available reserves as of March 31, 2024, it added.
“This move highlights EaseMyTrip’s commitment to rewarding shareholders, following two successful bonus issuances in 2022,” the company said.
EaseMyTrip CEO and Co-Founder Nishant Pitti said, “This bonus issuance reflects our gratitude to shareholders and underscores our confidence in the company’s strong financial health. As we expand, it’s important to continue sharing our success with those who have supported us throughout.”
The total number of shares to be issued are 177.2 crore at a face value of Re 1 each. The issuance will be financed using Rs 177.2 crore from the company’s available reserves of Rs 397.4 crore. After the bonus, the total share capital will stand at Rs 354.408 crore, the company said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: Oct 14 2024 | 4:55 PM IST
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by Hansraj Agrawal | Oct 14, 2024 | Share Market
Last Updated : Oct 14 2024 | 4:04 PM IST
Lemon Tree Hotels has signed a License Agreement viz Lemon Tree
Hotel, Dibrugarh, Assam. The property shall be managed by Carnation Hotels, a wholly- owned subsidiary of Lemon Tree Hotels and is expected to open in FY 2027.
This Hotel will feature 65 well-appointed rooms, a restaurant, a bar, banquet hall, a swimming pool, a fitness center and other public areas
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First Published: Oct 14 2024 | 3:47 PM IST
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