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Multibagger small-cap stock Nitco shares jump 5% on order win from Prestige Estates Projects

Nitco share price jumped 5% in early trade on Tuesday after the company received a new order worth ₹105.40 crore from Prestige Estates Projects. The small-cap multibagger stock, Nitco shares rallied as much as 5% to a high of ₹147.55 apiece on the BSE. Based on the current ongoing projects, Nitco anticipates receiving orders worth ₹104 crore in the near …

In southern India’s tea country, small but mighty efforts are brewing to bring back native forests

Kerala State Small Industries Association (KSSIA) has appealed to the State government to give notified area status to the complex of industrial units at Edathala, near Aluva. The complex houses a dozen industrial units and 40 industrial estates and plots under the Industries department and other agencies.

The Ambattur Industrial Estate, which houses some crucial micro, small and medium enterprises units, continued to be inundated on Tuesday. Otherwise this will happen every year.”Details collated until Tuesday evening show that around 100 units had been impacted at the Thirumudivakkam Industrial Estate. As of now, over ₹50-crore worth losses are incurred at this estate,” R. Selvam, vice-president of the …

An aerial photo shows cracked foundations and crumbled homes along a canyon on Peartree Lane in Rolling Hills Estates, where dozens of residents were evacuated and structures condemned after the ground shifted. Rolling Hills Estates Mayor Britt Huff said officials were surprised by the destruction. In 1997, workers from 18 small businesses evacuated two buildings in a Rolling Hills Estates …

The Kerala State Small Industries Association has said that there is no need to obtain building and developer permits from local bodies for enterprises on private industrial estates. It said private industrial estates are given nod by a committee in which local bodies have representation. The government has promised upto ₹3 crore for infrastructure development on private industrial estates, 20% …

Small Industries

Karnataka Small Scale Industries’ Association has opposed the increasing trend of big promises made by political parties to woo voters in the ensuing elections to the Karnataka Legislative Assembly which will come at “stiff price to tax payers.” In a press statement, KASSIA president K.N. Narasimhamurthy, said “We are hearing all kinds of promises made by the political parties like …

Small industries welcome Budget; Make in Kerala programme to boost SMEs

The State Budget for 2023-24 has given a central place to the development of micro, small and medium-scale industries and programmes such as Make in Kerala, development of multi-storey industrial estates, renovation of existing industrial estates, and rather generous support for launching new enterprises. Jose welcomed the Budget setting aside ₹212.70 crore out of a total allocation of ₹1,259.66 crore …

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