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Gensol Engineering Given Two Weeks by SAT to Respond to SEBI Order
The Securities Appellate Tribunal (SAT) has given Gensol Engineering Ltd. a two-week period to formulate a response to a Securities and Exchange Board of India (SEBI) order. SAT disposed of Gensol's appeal against the SEBI order, opting to allow the company time to prepare its reply. The nature of SEBI's original order and its potential impact on Gensol Engineering remain undisclosed. The company's response, due within two weeks, could influence the final outcome of this regulatory matter.
Moody's: SMBC Stake in YES BANK Viewed as Credit Positive
EU Court Backs New York Times in Pfizer Vaccine Message Disclosure Case
Zydus Lifesciences' Ambernath API Facility Receives Positive Regulatory Inspection Report
Sai Life Sciences Sets Ambitious Growth Targets, Eyes Margin Expansion
Hero MotoCorp Sets Ambitious Profit Margin Goals and EV Breakeven Target
Tata Steel Unveils Ambitious EBITDA Targets and Growth Plans
Torrent Pharma to Explore Fundraising Options in Upcoming Board Meeting
Moody's Reaffirms TCS's Baa1 Rating, Outlook Remains Stable
R Systems International Bolsters Microsoft Partnership with Advanced Specializations
Zee Entertainment Wins Arbitration Case Against Aditya Birla Finance
Relaxo Footwears Revamps Distribution System Amidst Volume Challenges
Premier Explosives Faces Factory Closure After Tragic Incident, Stock Tumbles
Meghmani Organics Projects Strong Growth in Crop Protection and New Plant
Spandana Sphoorty Financial to Amend Articles of Association for Enhanced Fundraising Flexibility
Allied Blenders and Distillers Ltd to Discuss Fundraising Options and FY2024 Results on May 15
Allied Blenders and Distillers to Explore Fundraising Options in Upcoming Board Meeting
Gensol Engineering Faces Leadership Shakeup as Top Executives Step Down
Sun Pharma Advanced Research to Discuss Fund Raising Proposal in Upcoming Board Meeting
Morepen Laboratories Amends Business Transfer Agreement with Morepen Medipath
Premier Explosives Faces Setback: Katepally Factory Ordered to Close by Telangana Pollution Control Board
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SEBI Orders Forensic Audit of Gensol Engineering Amid Fund Diversion Allegations
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Ather Energy Limited Files for IPO: Electric Two-Wheeler Manufacturer Aims to Raise Funds for Expansion
Ather Energy Limited, India's third-largest electric two-wheeler (E2W) manufacturer, has filed for an Initial Public Offering (IPO). The company plans to use the proceeds for capital expenditure, debt repayment, R&D investment, and marketing initiatives. Ather Energy's revenue reached ₹17,538.00 million in FY2024, with 109,577 vehicles sold. Despite growth, the company continues to operate at a loss, reporting a net loss of ₹10,597.00 million in FY2024. Key strengths include in-house R&D capabilities, premium positioning, and a vertically integrated approach. Risk factors include a history of losses, limited operating history, and intense market competition. The IPO consists of a fresh issue of shares and an offer for sale by existing shareholders.
Imagine Marketing Limited Files for IPO, Aims to Raise ₹7,000 Million
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SBI to Consider $3 Billion Fund Raising in Upcoming Board Meeting
State Bank of India (SBI) has announced a board meeting on May 20 to discuss a fund-raising initiative of up to $3 billion (₹24,660 crore) for the fiscal year 2025-26. The bank is exploring options including public offers and private placements, with funds to be raised through notes in US dollars or other currencies. This move indicates SBI's proactive approach to strengthening its capital base and supporting future growth plans.
R K Swamy Expands Services with New Brand & Marketing Consulting Group
Torrent Power Announces ₹3,000 Crore Fund Raise Through Private Placement
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3,101.80
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Today’s Top Losers
2,282.30
(-1.82%)
1,494.80
(-1.66%)
2,092.40
(-1.10%)
1,910.60
(-0.62%)
2,350.50
(-0.40%)
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