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Mint

Upcoming IPO: Quadrant Future Tek gets SEBI nod to launch ₹275 crore IPO

Quadrant Future Tek Limited has received final observation from SEBI to raise ₹275 crore through an IPO. Founded in 2015, the firm focuses on rail safety technologies and speciality cables for defense and rail sectors. Revenue rose by 46.56% in FY 2023, driven by increased sales.

The Economic Times

Buy KEI Industries, target price Rs 5450: Motilal Oswal

KEI Industries Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 40080.73 Crore) operating in Cables sector.

The Economic Times

Airtel partners with Italy's Sparkle for Blue-Raman subsea cable

Bharti Airtel has partnered with Italy's Sparkle to access capacity on the Blue-Raman Submarine Cable Systems, connecting India and Italy. This collaboration aims to develop new business opportunities in the Indian sub-continent. Airtel had earlier announced partnerships with Meta and STC for extending 2Africa Pearls subsea cables to India, expected to go live this year.

CNBC TV18

KEC International bags ₹1,423-crore transmission line orders in Saudi Arabia

In August this year, KEC International secured new orders totalling ₹1,079 crore in its transmission & distribution (T&D) and cables divisions in India, the Middle East, and the Americas. Shares of KEC International Ltd ended at ₹989, up by ₹57.30, or 6.15%, on the BSE.

CNBC TV18

Wipro, Ashoka Buildcon, Reliance Industries, Jindal Stainless and more: Top stocks to watch out for on September 6

stocks to watch, Wipro, Ashoka Buildcon, Sundaram Clayton, Jindal Stainless, Finolex Cables, Reliance Industries, Udayshivakumar Infra, Venus Pipes, Indigo Paints, Adani Enterprises, Nucleus Software, Pidilite Industries, KEC International and and more, these are the stocks to watch for today.

CNBC TV18

Nikhil Naik resigns as chairman of Finolex Cables, Ratnakar Barve named successor

Shares of Finolex Cables Ltd ended at ₹1,425.00, down by ₹5.90, or 0.41% on the BSE. Finolex Cables' net profit dropped 7% in the first quarter of FY25.

Business Line

Stocks that will see action today: September 4, 2024

Buzzing stocks: Raymond, IEX, GIC-RE, Utkarsha SFB, AU SFB, Rane Holdings, Finolex Cables, Cipla, Godrej Phillips, Zee Entertainment, NHPC, GSK Pharma

Business Standard

NCLAT declines to change Finolex's AGM outcome, ousting Deepak Chhabria

The National Company Law Appellate Tribunal has given a go-ahead to the outcome of the AGM of Finolex Cables, wherein shareholders voted against the reappointment of Deepak Chhabria on the company's board. A two-member bench of the appellate tribunal said the consolidated scrutinizer's report of the AGM of Finolex Cables Ltd (FCL) reflects that 72.34 per cent of votes were against resolution Number 4, which was for the reappointment of Deepak Chhabria. "The decision of the Annual General Meeting (AGM) held on 29.09.2023 on Resolution No.4, which took place during the pendency of this Appeal is not interfered with," the bench comprising Chairperson Justice Ashok Bhushan and Member (Technical) Barun Mitra said. Besides, the NCLAT also declined to invalidate the extraordinary general meeting (EGM) of Orbit Electricals in 2019, a holding company of Finolex Cables, in which the Articles of Association (AoA) were amended. The NCLAT has upheld the earlier order passed by the National Comp

Business Standard

Sterlite Tech to pay Rs 4 cr to Data Management Centre for settling dispute

Broadband technology firm Sterlite Technologies has agreed to pay USD 4,67,400 (about Rs 4 crore) to the Data Management Centre for dispute settlement, a regulatory filing said on Monday. Data Management Centre had claimed damages worth USD 2.7 million (about Rs 23 crore) before Singapore International Arbitration Centre against Sterlite Technologies (STL) for delay and failure by the broadband technology to meet obligations under their agreement. "Without admission of liability, a Settlement Agreement was executed between the Parties wherein Sterlite agrees to pay DMC a net sum of USD 4,67,400 towards full and final settlement of all claims between the parties," the filing said. STL is engaged in the business of manufacturing and selling optical fibre cables. Shares of the company closed at 131.15 apiece, down by 0.3 per cent at BSE on Monday.

The Economic Times

NCLAT rejects appeal filed by Deepak Chhabria of Finolex Cables against Orbit Electricals

The NCLAT has dismissed Deepak and Vini Chhabria's appeal against Orbit Electricals. The tribunal verified the contested board meeting did occur and stated that amendments to the Articles of Association did not need unanimous consent. Upholding the NCLT's earlier decision, the NCLAT refused to intervene in Deepak's vice chairman role at Finolex Cable.

Mint

KEC International share price gains more than 9% on a large order win worth ₹1,079 crore

Stock Market today: KEC International share price gained more than 9% in the morning trades in Monday as it announced a large order win worth ₹1,079 crore in the Transmission & Distribution (T&D) and Cables businesses

Business Standard

KEC International bags domestic and foreign projects worth Rs 1,079 crore

KEC International said that it has has secured new orders of Rs 1,079 crore in transmission & distribution (T&D) and cables businesses.

Business Line

Finolex Cables reports modest revenue growth, profit declines in Q1 FY25

The company reported a net profit of ₹122.5 crore, 7 per cent decline from ₹132.3 crore in the same quarter last year

Hindustan Times

Former Rolls-Royce head designer Ian Cameron stabbed to death at his Germany mansion

Former Rolls-Royce head designer Ian Cameron, 74, was fatally stabbed outside his Bavaria mansion. The assailant fled, cutting power cables to the garages.

The Economic Times

India keen to speed up power grid link talks with Sri Lanka

India is actively pursuing discussions with Sri Lanka to establish a power grid link, focusing on renewable energy for electricity trading. The project includes overhead and under-sea cables, with economic benefits being evaluated by PwC India and plans for a joint consultant for investment decisions.