Fri, Sep 20, 2024 5:59 PM
Patel Engineering bags Rs 240.02 crore order from NHPC
A Flip by Shubhangi Gupta
Mahindra Group's market capitalization surpassed ₹6 lakh crore after Mahindra & Mahindra's 5% stock surge, driven by optimism on festive demand and strong sales growth prospects in its automotive and farm equipment segments. Mahindra Group's market value has risen 47% in 2024, led by Mahindra & Mahindra's 71% rally.
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Alan, the French insurance unicorn, just signed a multi-faceted deal with Belfius, one the largest banks in Belgium, that includes a distribution partnership along with a significant financial investment in the startup. Belfius is leading Alan’s Series F funding round of €173 million. It expects its annual recurring revenue to reach €450 million (around $500 million) this year.
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Dev Information Technology Ltd has been awarded another order from RajCOMP Info Services Ltd. The order is to be executed within approximately 24 months, with a broad consideration or size of approximately Rs 1 crore. According to the shareholding pattern of the company, the promoters hold a significant 70.20 per cent stake. Public investors own 29.80 per cent of the shares.
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