Arjit Saxena

Incorporated in April 2019, GSM Foils Limited specialises in manufacturing Blister Foils and Aluminium Pharma Foils, known as "Strip Foils," which are essential for packaging pharmaceutical products like capsules and tablets.

The Lok Sabha elections are currently underway, with results expected on June 4. The government's decision to ease FDI in the space sector aims to attract global players and private enterprises to boost the industry. However, FDI in India saw a 13 per cent decline to USD 32.03 billion from April to December 2023, impacted by reduced investments in computer hardware and software, telecom, automotive, and pharmaceutical sectors.

On May 15 and 16, 2024, Meta Platforms' Chief Operating Officer sold shares worth over USD 4.5 million. Specifically, he disposed of 5,529 shares at prices ranging from USD 471.85 to USD 475.00, totaling approximately USD 2,617,805. Additionally, on May 16, Olivan sold another 618 shares at USD 475.00 each, amounting to USD 293,550.

For the fiscal year 2024, the board of directors declared a final dividend of Rs 1.50 per share, equivalent to 150 per cent of the face value of equity shares. The company attributed its robust performance to an improved supply scenario, which boosted sell liquidity on the exchange despite a rise in the country's energy demand.

Additionally, the Union Bank of India filed an affidavit on April 26, 2024, expressing no objection to the proposed sale. Considering these endorsements, the tribunal found no grounds to reject the application, as noted in its order.

The bank's asset quality showed some deterioration. The gross non-performing asset (NPA) ratio rose slightly to 2.23% in the reviewed quarter, up from 2.18% in the previous quarter. The net NPA, in absolute terms, increased from Rs 42.8 crore in Q3FY24 to Rs 76.3 crore in Q4FY2

The notices were issued to Kanaha Ji Distributor in Ramnagar and Patanjali Ayurved Ltd in Haridwar. The samples were sent for forensic testing at the state food and drug testing laboratory in Rudrapur, Udham Singh Nagar, on May 18, 2019.

The allotment of Go Digit IPO shares is expected to be finalised on May 21, 2024, with the listing on the BSE and NSE slated for May 23, 2024. This IPO comprises a fresh issue of 4.14 crore shares worth Rs 1,125.00 crores and an offer for sale of 5.48 crore shares amounting to Rs 1,489.65 crores.

To attract a wider customer base, Raghunandan Kamath introduced a novel concept: serving pav bhaji followed by his special ice creams. This innovative strategy not only diversified his offerings but also solidified his reputation for quality and authenticity.

Reliance Industries also called for increased capacity and access to storage tanks and rail unloading facilities at Malkapur for the Hyderabad airport pipeline, which already operates on a common carrier basis. Similar suggestions were made for airports in Kochi and Lucknow.