News

ICRA downgrades ratings of Shapoorji Pallonji ICRA has downgraded the ratings of Shapoorji Pallonji and Company to BBB+ from A- and placed it on rating watch with developing implications. The downgrade in the ratings of Shapoorji Pallonji and Company Private Limited (SPCPL) factors in the delay in securing the requisite working capital limits, which has impacted the engineering, procurement and construction (EPC) operations in FY2023, resulting in modest profitability and muted debt coverage metrics compared to ICRA's earlier esti...
ICRA downgrades ratings of Shapoorji Pallonji
ICRA downgrades ratings of Shapoorji Pallonji
Source: IANS
5/05/2023 12:03:31 PM
Key Stock News: Walmart, Google, Shapoorji Pallonji, Byju`s, Vodafone Idea, SREI - ARETE Securities Retail giant Walmart gets $1 billion tax bill for PhonePe shift to India Walmart Inc. and other PhonePe shareholders will have to pay nearly $1 billion in tax after the digital payments company shifted its headquarters to India, according to people familiar with the matter. The bill stems from the relocation and rise in value of PhonePe Pvt, which Walmart took majority ownership of after acquiring parent outfit Flipkart Online Services Pvt. Now separated from Flipkart and re-domiciled from...
Key Stock News: Walmart, Google, Shapoorji Pallonji, Byju`s, Vodafone Idea, SREI - ARETE Securities
Key Stock News: Walmart, Google, Shapoorji Pallonji, Byju`s, Vodafone Idea, SREI - ARETE Securities
Source: ARETE Securities Ltd
5/01/2023 9:19:03 AM
Sterling and Wilson Renewable Energy falls as its promoters to sell up to 1 crore shares of company Sterling and Wilson Renewable Energy is currently trading at Rs. 275.25, down by 8.15 points or 2.88% from its previous closing of Rs. 283.40 on the BSE. The scrip opened at Rs. 276.00 and has touched a high and low of Rs. 279.60 and Rs. 274.50 respectively. So far 28948 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 423.15 on 17-Jan-2022 and a 52 week low of Rs. 273.35 on 27-Jul-2022. Last one week high and lo...
Sterling and Wilson Renewable Energy falls as its promoters to sell up to 1 crore shares of company
Sterling and Wilson Renewable Energy falls as its promoters to sell up to 1 crore shares of company
Source: Accord Fintech
20/12/2022 1:48:26 PM
Motilal Oswal Alternates commits INR 450 Cr with Shapoorji Pallonji Real Estate Motilal Oswal Alternates (“MOA”), the alternative investments arm of Motilal Oswal Group has committed INR 450 Crore with Shapoorji Pallonji Real Estate. The investment has been made against two projects. One of the projects is a partially completed, leased and operational commercial project located in Manesar. The other project is a residential township project which was launched in 2021 and has seen a positive sales response. The investment, which has been made t...
Motilal Oswal Alternates commits INR 450 Cr with Shapoorji Pallonji Real Estate
Motilal Oswal Alternates commits INR 450 Cr with Shapoorji Pallonji Real Estate
Source: PR Agency
28/11/2022 3:36:50 PM
RBI Monetary Policy : Real estate sector is hopeful that this rate hike will not completely dampen the buying sentiment Says Mr Venkatesh Gopalkrishnan, Shapoorji Pallonji Real Estate Below are Views on RBI Monetary Policy By Mr Venkatesh Gopalkrishnan, CEO, Shapoorji Pallonji Real Estate "The RBI increasing the interest rate by 50 basis points was an expected move to combat the inflationary growth in the country. This move might impact the home loan category, which may influence the buying sentiments of affordable to mid-segment home buyers. While we may not witness a great upward trend given the current scenario, we have seen good business in recent times, w...
RBI Monetary Policy : Real estate sector is hopeful that this rate hike will not completely dampen the buying sentiment Says Mr Venkatesh Gopalkrishnan, Shapoorji Pallonji Real Estate
RBI Monetary Policy : Real estate sector is hopeful that this rate hike will not completely dampen the buying sentiment Says Mr Venkatesh Gopalkrishnan, Shapoorji Pallonji Real Estate
Source: PR Agency
30/09/2022 4:38:13 PM
Cyrus Mistry, the young tycoon who rose to Tata Group Chairman but fell from grace Industrialist and former Tata Group Chairman Cyrus Mistry, who died in a car accident in Maharashtra's Palghar on Sunday, had risen to become Chairman of Tata Sons in 2012 at the age of 44 but did not last long in the post. Mistry, who was the sixth Chairman of Tata Sons, succeeding Ratan Tata, was unceremoniously removed from the position in October 2016, over disagreements over running the conglomerate. He was the younger son of Pallonji Mistry, head of the Shapoorji Pallonji Grou...
Cyrus Mistry, the young tycoon who rose to Tata Group Chairman but fell from grace
Cyrus Mistry, the young tycoon who rose to Tata Group Chairman but fell from grace
Source: IANS
4/09/2022 5:41:01 PM
Key Stock News - Adani Data Networks Ltd,Shapoorji Pallonji,GAIL (India) Ltd,HDFC Bank , Bank of India - ARETE Securities Key News Adani says will use 5G spectrum to support data centres, businesses Richest Indian Gautam Adani's group on Tuesday said the Rs 212 crore worth of spectrum it has bought in a millimetre wave band will be used to create a private network to support its businesses and data centres. Adani Data Networks Ltd (ADNL), a unit of Adani Enterprises Ltd, acquired the right to use 400MHz of spectrum in the 26GHz millimetre wave band for 20 years in the auction that concluded on Monda...
Key Stock News - Adani Data Networks Ltd,Shapoorji Pallonji,GAIL (India) Ltd,HDFC Bank , Bank of India - ARETE Securities
Key Stock News - Adani Data Networks Ltd,Shapoorji Pallonji,GAIL (India) Ltd,HDFC Bank , Bank of India - ARETE Securities
Source: ARETE Securities Ltd
3/08/2022 10:20:09 AM
Shapoorji Pallonji Real Estate to hand over 2000 apartments in FY22-23 at its mass housing project Shukhobrishti in Kolkata Kolkata : Shapoorji Pallonji Real Estate, the real estate arm of Shapoorji Pallonji Group, today announced the handover of 400 more units at its largest mass housing project, Shukhobrishti in Kolkata taking the total handovers to 10,154 apartments. The company will hand over 2000 apartments in FY22-23. Last year, in November 2021, the company received INR 200 crore funding from HDFC Capital in construction finance to complete the remaining phases of the project. Spread across 150...
Shapoorji Pallonji Real Estate to hand over 2000 apartments in FY22-23 at its mass housing project Shukhobrishti in Kolkata
Shapoorji Pallonji Real Estate to hand over 2000 apartments in FY22-23 at its mass housing project Shukhobrishti in Kolkata
Source: PR Agency
26/07/2022 2:49:17 PM
DEC Infrastructure to construct executive enclave under Central Vista Project DEC Infrastructure has come out as the lowest bidder for the construction of the Executive Enclave under the Centre's ambitious Central Vista project. The Executive Enclave comprises the Prime Minister's Office (PMO), the Cabinet Secretariat, the India House and the National Security Council Secretariat. The Central Public Works Department (CPWD) has been executing the Modi government's ambitious Central Vista Redevelopment project. Officials said that Hyderabad-based DEC In...
DEC Infrastructure to construct executive enclave under Central Vista Project
DEC Infrastructure to construct executive enclave under Central Vista Project
Source: IANS
16/07/2022 5:20:35 PM
Key News - L&T Infotech Ltd, Murugappa Group, FMCG, Bharti Airtel Ltd, Welspun Corp Ltd, Shapoorji Pallonji Group By ARETE Securities Key News L&T Infotech Q1 Results | Net profit rises 28% YoY to Rs 633 crore L&T Infotech on July 14 reported a consolidated profit after tax (PAT) of Rs 633.50 crore for the quarter ended June 2022, up 27.64 percent from Rs 496.30 crore a year back. On a sequential basis, profit for the quarter was almost flat compared to the reported profit of Rs 637 crore in the March quarter. Consolidated revenue from operations came in higher by 30.62 percent at Rs 4,522.8 crore for the q...
Key News - L&T Infotech Ltd, Murugappa Group, FMCG, Bharti Airtel Ltd, Welspun Corp Ltd, Shapoorji Pallonji Group By ARETE Securities
Key News - L&T Infotech Ltd, Murugappa Group, FMCG, Bharti Airtel Ltd, Welspun Corp Ltd, Shapoorji Pallonji Group By ARETE Securities
Source: ARETE Securities Ltd
15/07/2022 9:22:11 AM
Private equity major Advent International to buy 72.56% stake in Eureka Forbes Private equity firm Advent International will buy a controlling stake of 72.56 per cent in Eureka Forbes for approximately Rs 4,400 crore, it's parent Shapoorji Pallonji Group (SPG) has said. Eureka Forbes is a household name in India actively present in the market with its range of vacuum cleaners and water purifiers. It is now a fully owned unit of Forbes and Co. ltd. As per scheme worked out for the transaction, Eureka Forbes will be listed on the Bombay Stock Exchange (BSE) as a...
Private equity major Advent International to buy 72.56% stake in Eureka Forbes
Private equity major Advent International to buy 72.56% stake in Eureka Forbes
Source: IANS
20/09/2021 2:21:48 PM
Tata-Mistry: Amid high valuation, SP Group`s exit from Tata Sons may take time The battle between Tata Sons and Shapoorji Pallonji Group over the latter's exit from Tata Sons is set to continue even as the Supreme Court has resolved the long-drawn tussle between the two groups. A major contention between the two groups is the difference over the exact value of SP Group's stake in the holding company of the industrial conglomerate. Besides the simmering differences over the stake value, even the intention of a transaction to buy out the minority holding is ...
Tata-Mistry: Amid high valuation, SP Group`s exit from Tata Sons may take time
Tata-Mistry: Amid high valuation, SP Group`s exit from Tata Sons may take time
Source: IANS
1/04/2021 9:17:04 AM