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Tega Industries to Acquire Molycop for $1.48 Billion, Expanding Global Mining Consumables Footprint
14 hours ago
Tega Industries Limited has entered into a term sheet to acquire Molycop, a global supplier of grinding media for the mining industry, for approximately $1.48 billion. The acquisition, in partnership with Apollo Funds as a minority investor, is expected to close by December 31, 2025, or early January 2026. The deal will be funded through a combination of equity instruments and debt. Molycop serves over 400 mines across 40 countries and reported an EBITDA of $173 million. The combined entity aims to become a leading designer and manufacturer of critical consumables for mining and mineral processing industries, with expected synergies of $20 million by year two, scaling to $30 million annually from year four. Tega Industries targets EBITDA margin expansion from 11.50% to 15.00% over time and aims to lower net debt to EBITDA ratio below 2.5x over four years.
Tata Technologies to Acquire German Automotive Engineering Firm ES-Tec Group for €75 Million
15 hours ago
Shakti Pumps Secures Additional Rs. 347 Crores Order for 12,451 Solar Water Pumps in Maharashtra
17 hours ago
Yatharth Hospital Expands Footprint with Rs. 260 Crore Acquisition in Agra
17 hours ago
Solarium Green Energy Secures ₹3.63 Crore Solar Project Contract from Numaligarh Refinery
18 hours ago
Poly Medicure Acquires 90% Stake in PendraCare, Aims to Slash Cardiology Catheter Costs by 30%
19 hours ago
Senco Gold Eyes Saudi Arabia's $8.3 Billion Luxury Market for Gulf Expansion
19 hours ago
Diamond Power Infrastructure Secures Rs 237 Crore Contract from Adani Energy Solutions
20 hours ago
India Considers ₹2 Lakh Crore Deal for 114 Made-in-India Rafale Jets
21 hours ago
Indian Air Force Proposes 114 'Made In India' Rafale Jets to Defence Ministry
21 hours ago
RailTel Corporation Secures ₹209.79 Crore Education Project in Bihar
21 hours ago
Adani Power Inks 25-Year Power Supply Deal with Bihar for 2,400 MW Ultra Super Critical Plant
21 hours ago
Indian Air Force Proposes Massive Acquisition of 114 'Made-In-India' Rafale Jets
1 day ago
Fairfax India Sells 51% Stake in Saurashtra Freight to Japan's Kamigumi for ₹662 Crore
1 day ago
Alstom Secures €42 Million Metro Maintenance Contract from Delhi Metro
1 day ago
Ceigall India Secures INR 509.20 Crore Road Construction Contract from GMADA
1 day ago
Engineers India Limited Secures Rs 618 Crore Contract for African Fertilizer Plant Project
1 day ago
MSTC Limited Secures Recommendation for EPR Certificate Trading Platform Development
1 day ago
Fabtech Technologies Cleanrooms Secures ₹19.06 Crore in Orders, Boasts ₹88.82 Crore Order Book
1 day ago
Meta Infotech Secures Rs. 79.65 Lakh Renewal Orders for Internet Security and Support Services
1 day ago
Popular Foundations Limited Secures ₹21.48 Crore Tech Park Construction Contract
1 day ago
Texmaco Rail Secures ₹129 Crore Order Amid Quarterly Earnings Decline and Corporate Restructuring
1 day ago
SIS Limited Acquires 51% Stake in A P Securitas, Strengthening Its Market Leadership
1 day ago
Indobell Insulations Secures $184,600 in Export Orders from GE Vernova
1 day ago
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Maruti Suzuki
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Bajaj Finserv
2,081.
50
(+
2.
14
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Larsen & Toubro
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80
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1.
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Bajaj Finance
1,003.
25
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3.
40
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Today’s Top Losers
Bajaj Auto
8,999.
50
(-
1.
25
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Hindustan Unilever
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50
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Trent
5,130.
00
(-
0.
79
%)
UltraTech Cement
12,370.
00
(-
0.
18
%)
Titan
3,571.
90
(-
0.
34
%)
Market Movers
Today’s Top Gainers
Maruti Suzuki
15,325.
00
(+
1.
52
%)
Eicher Motors
6,875.
00
(+
1.
73
%)
Bajaj Finserv
2,081.
50
(+
2.
14
%)
Larsen & Toubro
3,579.
80
(+
1.
13
%)
Bajaj Finance
1,003.
25
(+
3.
40
%)
Today’s Top Losers
Bajaj Auto
8,999.
50
(-
1.
25
%)
Hindustan Unilever
2,580.
50
(-
1.
58
%)
Trent
5,130.
00
(-
0.
79
%)
UltraTech Cement
12,370.
00
(-
0.
18
%)
Titan
3,571.
90
(-
0.
34
%)
Read More Articles on Orders & Deals
DCX Systems Inks MoU with Tamil Nadu Government for Defense Manufacturing Facility in Hosur
1 day ago
Beezaasan Explotech Secures INR 4.8 Crore Purchase Orders for Explosives Supply
1 day ago
PNC Infratech Secures Appointed Date for Bharatpur Flyover Project
1 day ago
Bharat Heavy Electricals Secures ₹22.87 Crore Railway Order for Kavach Equipment
1 day ago
Jost's Engineering Secures Rs. 6.52 Crore Order from North Bihar Power Distribution Company
1 day ago
Texmaco Rail & Engineering Secures ₹129.09 Crore Order from Rail Vikas Nigam Limited
1 day ago
Indian Outbound M&A Reaches $11 Billion, Driven by Strategic Planning
1 day ago
Marine Electricals (India) Secures ₹16.55 Crore Orders for Distribution Systems
1 day ago
Trishakti Electronics Secures ₹1.02 Crore Work Order from Tata Steel, Invests ₹3 Crores in New Machinery
1 day ago
Crompton Greaves Secures Rs 4.76 Crore Solar Water Pumping Systems Order in Madhya Pradesh
1 day ago
Lakshya Powertech Secures ₹48.64 Crore CNG Services Contract from Oil India Limited
1 day ago
Bajaj Finance Sees Rs. 29.82 Crore Block Trade on NSE
2 days ago
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Stocks in News
Stocks in News
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Nifty's 8-Day Rally Signals Potential Breakout as Technical Indicators Strengthen
1 hour ago
The Nifty index has completed an eight-day winning streak, gaining 500 points (2.17%). Technical analysis suggests a possible breakout from a Symmetrical Triangle pattern. The daily RSI has surged above 60, indicating strong momentum. Market breadth is healthy, with 82% of Nifty stocks trading above their 20-day EMA and 76% above their 50-day EMA. Immediate resistance is at 25,150-25,200, with potential targets of 25,500-25,700 if breached. The rally is driven by expectations of Fed rate cuts, positive Wall Street performance, and IT sector strength. The India VIX has declined to near 10 levels, suggesting low volatility expectations. Key support is around 24,850, with upside targets limited to the 25,400-25,600 range.
Festive Season Outlook Brightens: Tax Cuts and GST Changes Boost Consumer Spending Hopes
8 hours ago
IITL Projects Appoints Harshida J. Parikh as Manager, Strengthening Leadership
16 hours ago
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Corporate Actions
Corporate Actions
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Multiple Indian Companies Announce Dividend Payouts, Bonus Issues, and Stock Splits
1 hour ago
Several Indian listed companies across various sectors have declared dividend payouts, bonus issues, and stock splits. Notable final dividend announcements include Southern Gas Ltd. and Victoria Mills Ltd. at Rs. 50 per share, while Gujarat Mineral Development Corp. and Triton Valves announced interim dividends of Rs. 10 per share. Godfrey Phillips India announced a 2:1 bonus issue, and GHV Infra Projects declared a 5:10 stock split. Investors must purchase shares before the ex-dividend date to be eligible for dividends, especially considering India's T+1 settlement cycle.
Phoenix Mills Shareholders Overwhelmingly Approve Canada Pension Plan Investment Board's Exit from Subsidiary
12 hours ago
NDTV Announces Rights Issue to Raise Up to ₹3,965 Million
16 hours ago
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IPO News
IPO News
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DevX's IPO Oversubscribed 64 Times, Backed by Dev Information Technology
16 minutes ago
Dev Accelerator Limited (DevX), an associate of Dev Information Technology Limited, saw its IPO oversubscribed 64 times. The offering consists of 23.5 million equity shares priced at ₹61 each. Dev Information Technology shareholders' quota was oversubscribed 49.97 times, indicating strong confidence. DevX's successful IPO suggests robust investor interest in the technology sector.
Tata Capital and LG Electronics Set to Launch Massive IPOs Worth Rs 32,000 Crore in October
31 minutes ago
Five New IPOs Set to Hit Indian Markets Next Week
20 hours ago
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Market Movers
Today’s Top Gainers
Maruti Suzuki
15,325.
00
(+
1.
52
%)
Eicher Motors
6,875.
00
(+
1.
73
%)
Bajaj Finserv
2,081.
50
(+
2.
14
%)
Larsen & Toubro
3,579.
80
(+
1.
13
%)
Bajaj Finance
1,003.
25
(+
3.
40
%)
Today’s Top Losers
Bajaj Auto
8,999.
50
(-
1.
25
%)
Hindustan Unilever
2,580.
50
(-
1.
58
%)
Trent
5,130.
00
(-
0.
79
%)
UltraTech Cement
12,370.
00
(-
0.
18
%)
Titan
3,571.
90
(-
0.
34
%)
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CAC
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72
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02
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95.
50
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44
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NIKKEI 225
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395.
62
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89
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273.
78
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59
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S&P
6600.25
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25
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06
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