The deal will be a share-swap arrangement that will see GEPIL demerge its boiler manufacturing facility in Durgapur to JSW Energy, and the JSW entity will issue 10 equity shares for every 139 shares held by GEPIL shareholders.JSW Energy, the holding company of JSW Group's power business, will acquire the boiler manufacturing unit of GE Power India (GEPIL) through a strategic demerger, in order to ...

Texmaco Rail & Engineering share price gained 3 percent in the opening trade on September 19 following the order win from UltraTech Cement for BCFC Wagons, Brake Van.At 09:19am, Texmaco Rail and Engineering was quoting at Rs 152.05, up Rs 4.65, or 3.15 percent, on the BSE.Ultratech Cement has awarded an order of Rs 86.85 crore to the company for BCFC Wagons along with Brake Van to be delivered by ...

John Cockerill India share price rose in the early trade on September 18 following the major contract win from Tata Steel.At 09:19am, John Cockerill India was quoting at Rs 5,083.05, up Rs 25.50, or 0.50 percent, on the BSE.Tata Steel has awarded a contract to John Cockerill India for the engineering, design, manufacture, and supply of a state-of-the-art push-pull pickling line and spray roaster-a...

Shares of Adani Group companies including Adani Enterprises, Adani Power, Adani Green Energy, Adani Total Gas surged up to 10 percent on September 19 after regulatory Securities and Exchange Board of India (SEBI) gave the conglomerate and its founder, Gautam Adani, a clean chit in the stock manipulation case triggered by US-based short seller Hindenburg Research.What Sebi said?In two detailed orde...

The Nifty 50 gained for the third consecutive session on September 18, closing above 25,400 with a 93-point gain, following the Fed funds rate cut. The momentum remains firmly in favour of the bulls but some consolidation can't be ruled out before the next leg of the upmove begins. The 25,500 level is now the next key hurdle, where a long falling resistance trendline is placed. Sustaining above th...

Equity benchmarks extended their winning streak on September 18, with the Nifty closing above 25,400 for the first time since July 9, but the market breadth was slightly weak. About 1,436 shares saw selling pressure compared to 1,340 rising shares on the NSE. The market may see some consolidation, but overall, the mood remains bullish. Below are some short-term trading ideas to consider:Jay Mehta,...

Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:Stocks to WatchVedantaThe company has been declared the preferred bidder for the Punnam Manganese block by the Andhra Pradesh Government. The block is at the G4 level of exploration with a total a...

Shares of Cohance Lifesciences came under sharp pressure on September 18, tumbling 6 percent to Rs 909 apiece after a large block deal hit the exchanges. Around 3.39 crore shares, translating to 8.9 percent equity worth Rs 3,073 crore, changed hands in early trade.While the identity of sellers was not confirmed, reports on CNBC-TV18 suggested that Jusmiral Holdings was looking to offload up to 8.9...