State Maharashtra Financial News

10.07 / 05:39

COST UPS Manufacturing week Olectra Greentech shares rally 13% to hit 52-week high; doubles investors’ money in three months

Olectra Greentech Ltd, the electric bus manufacturer, rallied over 13% on Monday to touch a fresh 52-week high of ₹1,394.40 apiece on the BSE. The stock witnessed a massive surge of 18% on Friday after the company won a huge order. Olectra Greentech share price has jumped more than 40% in the last three sessions, while the stock is up more than 107% in three months, doubling investors’ wealth.

07.07 / 12:17

COST UPS Booking Manufacturing COMPOSITE week Olectra makes 52-week high after receiving an order exceeding its market capitalization

Olectra Greentech Ltd hit a 52-week high of ₹1251.95 on the BSE today, as investors continued to pile in on the stock. Olectra has a market cap of 10,107 crores and this order of 10,000 crores is almost the size of total market cap of the company. The contract is on a Gross Cost Contract basis for a period of 12 years. EVEY will procure the buses from Olectra and they will be delivered over a period of 24 months.

06.07 / 10:09

Cooper Cogent MSCB case: Ajit Pawar’s associates acquired sugar cooperative assets at throwaway prices, says court

Enforcement Directorate in a money laundering case in connection with the Maharashtra State Cooperative Bank (MSCB). The case pertains to an alleged scam in the Sahakari Sakhar Kharkhana (cooperative sugar factories) and Sahakari Soot Girnis. “A loan of ₹826 crore given by Pune District Central Cooperative Bank and other banks for a mortgaged property of Jarandeshwar SSK Ltd goes to prima facie show that the assets of Jarandeshwar SSK were acquired by the close associates of Ajit Pawar at throwaway prices," the court said.

29.03 / 13:15

business Blockchain Adoption Indian Indian state gov't uses Polygon to issue verifiable caste certificates

The Government of Maharashtra, one of India's state governments, has started issuing caste certificates over the Polygon blockchain to citizens residing in Etapalli village, Gadchiroli district, as a part of the Digital India campaign.

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