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The company also intends to establish complete infrastructure for launch operations, ground control systems, and satellite lifecycle management, including mission planning, integration, and in-orbit servicing. It will invest in R&D in areas like space propulsion, miniaturization, AI-based autonomy, and inter-satellite networks, while collaborating with academia, space agencies, and industry. Additionally, it will develop space-based applications like border surveillance and disaster monitoring, and continuously upgrade its technologies to stay at the forefront of space innovation.
The company acquired 100% of the shareholding in Kaynes Space Technology at a price per share of Rs 10 for a total consideration of Rs 10 lakh.
Kaynes Technology India is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer in India, having capabilities across the entire spectrum of electronics system and design manufacturing (ESDM) services.
The company’s consolidated net profit jumped 43% to Rs 116.20 crore on a 54.5% increase in net sales to Rs 984.48 crore in Q4 FY25 over Q4 FY24.
The floor price of Rs 5,625.75 is at a premium of 0.34% to the scrip’s previous closing price of Rs 5,606.80 on the BSE.
The company may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined in consultation with the book running lead managers appointed for the issue.
Kaynes Technology is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer in India, having capabilities across the entire spectrum of electronics system and design manufacturing (ESDM) services.
Aditya Birla Fashion & Retail (ABFRL), Indian Renewable Energy Development Agency (IREDA), RBL Bank, Hindustan Copper and Chambal Fertilisers & Chemicals shares are banned from F&O trading on 11 June 2025.
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Popular Vehicles and Services received a Letters of Intent (LOI) from Maruti Suzuki India to establish a new independent true value outlet for pre-owned vehicles in Bangalore, Karnataka.
Kaynes Technology India’s wholly owned subsidiary, Kaynes Semicon has entered into an asset purchase agreement with Fujitsu General Electronics (Fujitsu Electronics) to acquire production lines for power modules.
Anant Raj’s board approved the re-appointment of Amit Sarin as managing director, Aman Sarin as chief executive officer (CEO) and Ashim Sarin as chief operating officer (COO) for the five years with effect from 1 January 2026
Man Infraconstruction agreed to acquire 36.07% stake in its wholly owned subsidiary, Man Realtors and Holdings (MRHPL) at Rs 215 per share. The company holds 63.93% stake in the MRHPL.
HCL Technologies announced an expansion of its partnership with Standard Insurance Company to deliver AI-driven infrastructure and application services to boost efficiency, support rapid growth and enhance customer experience.
The company will acquire the assets owned by the Fujitsu Electronics for total consideration of JPY 15.91 billion.
The company’s consolidated net profit jumped 43% to Rs 116.20 crore on 54.5% increase in net sales to Rs 984.48 crore in Q4 FY25 over Q4 FY24.
The counter rose 0.15% to Rs 5,595.40 on the BSE.