Sun, Sep 10, 2023 11:45 AM
Bull Run In New-Age Tech Stocks Continues; Nazara Biggest Gainer This Week
A Flip by Bhavya Sabharwal
Shakti Pumps (India) Ltd (SPIL), a leading Indian manufacturer of pumps and motors for various applications like irrigation and domestic water supply, has been at the forefront of innovation with its well-regarded "Shakti" brand. Founded in 1982, they specialize in energy-efficient pumps including solar options, and manufacture a wide range of components in-house for complete solar pump solutions.
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India's Tata Chemicals reported its first quarterly loss in nine years on Monday, hurt by a one-time charge incurred in its UK operations along with lower prices and demand of soda ash. It reported a consolidated net loss of 8.5 billion rupees ($101.9 million) in the quarter ended March 31, compared to a profit of 7.09 billion rupees year ago.
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To facilitate ease of doing business, Sebi on Monday said certain changes in the private placement memorandum of alternative investment funds can be submitted directly to the regulator rather than through a merchant banker. The move would also rationalise the cost of compliance for alternative investment funds (AIFs). The new framework would come into force with immediate effect.
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