USHAMART.NSE News
Rajeev Jhawar Strengthens Promoter Holding in Usha Martin, Reflecting Long-Term Corporate Commitment
The Managing Director’s increased shareholding highlights long-term commitment to operational growth, transparency, and investor trust in Usha Martin Limited. Adoni, Andhra Pradesh Jan 3, 2026 ( Issuewire.com ) - Rajeev Jhawar , Managing Director of Usha Martin Limited, has recently increased his shareholding in the company, according to regulatory disclosures filed with Indian stock exchanges. The development has drawn attention from market participants as it highlights a notable shift in promoter ownership within one of India's established steel wire rope manufacturers. As per the filings, Rajeev Jhawar received additional equity through an inter-promoter transfer, resulting in a measurable rise in his personal stake in Usha Martin. The transaction was executed through a gift mechanism and complied with applicable disclosure requirements, ensuring transparency for shareholders and regulators. Industry observers often view changes in promoter shareholding as an important governance indicator.
cityfalcon.com
Buy or sell: Amid Putin's India visit Vaishali Parekh recommends 3 intraday stocks to buy before RBI MPC meeting outcome
Buy or sell: Vaishali Parekh recommends three intraday stocks to buy today — Usha Martin, Coforge, Newgen Software
cityfalcon.com
Galvanized Steel Wire Rope Market to Reach USD 23.8 Billion by 2032, Growing at 3.51% CAGR
The Galvanized Steel Wire Rope Market is projected to grow from USD 17.45 billion in 2023 to USD 23.8 billion by 2032, at a CAGR of 3.51%. These wire ropes are vital in construction, mining, energy, marine, and industrial sectors due to their strength, durability, and corrosion resistance. Infrastructure development, rapid urbanization, and expansion of mining and construction industries drive market demand, while compliance with stringent safety standards further boosts adoption. Challenges include raw material price volatility and competition from synthetic alternatives, but opportunities exist in the renewable energy sector and through technological advancements in galvanization and corrosion-resistant coatings. Key applications include construction cranes and bridges, mining hoists, marine mooring, oil & gas rigging, and industrial machinery. Asia-Pacific dominates the market, driven by industrialization and urban infrastructure projects in China and India, while North America and Europe maintain steady growth through modernization and renewable energy initiatives.
cityfalcon.com
Market Trading Guide: IGL, Sagar Cements among 5 stock recommendations for Tuesday
Indian benchmarks Sensex and Nifty opened the week with gains, supported by dovish remarks from US Fed Chair Powell fueling rate-cut hopes. Analysts recommend buying eClerx, Sagar Cements, IGL, Triveni Engineering, and Usha Martin for near-term upside.
cityfalcon.com
Stock Market Live Updates 10 June 2025: Indian markets set for positive start; FIIs, DIIs boost sentiment
… Company ’s Clients across Industry Verticals (Positive) Exhicon: Company … Blinkit to stop business activity in … Pipes: Company has made further investments by acquiring … Mines Mauritius sold 5 lakh shares . (Neutral) Usha Martin: Promoter Peterhouse Investment …
cityfalcon.com
Vodafone Plc exits Indus Towers, sells shares worth Rs 2,800 crore
British telecom giant Vodafone Plc has completed its exit from mobile tower infrastructure company Indus Towers, liquidating its remaining 3 per cent stake in the company for Rs 2,800 crore, it said on Friday. It sold the remaining 79.2 million shares in Indus Towers through an 'accelerated bookbuild offering' on December 5, Vodafone informed the London Stock Exchange. The company had been reducing its stake in Indus Towers for some time. In June last year, Vodafone sold 484.7 million shares, or an 18 per cent stake in Indus Towers, in block deals, raising Rs 15,300 crore. The latest transaction allowed Vodafone to repay its outstanding borrowings of Rs 890 crore to its existing lenders, secured against Vodafone's Indian assets. The security package agreed upon during the merger of erstwhile Bharti Infratel and Indus Towers stipulated that Vodafone Plc's 21 per cent stake in Indus Towers was the primary pledge by its lenders against the $1.4 billion loan Vodafone Plc had taken in 2019 to participate in Idea's rights issue.
cityfalcon.com