Search result for 'subsidiaries'

Sellwin Traders Signs USD 3 Million MoU with UAE Firm, Posts 90% Income Jump

January 19, 2025 15:59

Sellwin Traders, a leading trading company, has signed a USD 3 million MoU with UAE-based Secorbit FZCO to develop a blockchain-based tokenization platform. The company also reported a 90% jump in...

Western Coalfields Forecasts Flat Coal Production in FY'25

January 19, 2025 10:05

Western Coalfields Ltd (WCL) anticipates flat coal production at 69 million tonne in FY'25, facing operational and pricing challenges. Learn about the factors impacting WCL's production and future...

Sembcorp to Build Green Hydrogen Facility in Odisha

January 17, 2025 18:26

Sembcorp Industries will explore setting up a green hydrogen production facility in Odisha, India, with an anticipated production capacity of 720,000 tonnes per annum. The facility is expected to...

Coal India Targets 4-5% Production Growth in FY'25

January 17, 2025 14:55

Coal India Ltd (CIL) aims for 4-5% production growth in FY'25, targeting 806-810 million tonnes. CIL's production grew 2.2% in the first half of FY'25.

Suzuki Launches Electric Scooter e-Access & Flex Fuel Motorcycle

January 17, 2025 14:47

Suzuki Motorcycle India has launched its first electric scooter, e-Access, and two other models including a flex fuel motorcycle, GIXXER SF 250 Flex Fuel, and a new Access scooter.

NCLAT Restores IFIN's Rs 593 Cr Claim in Attivo

January 17, 2025 11:16

NCLAT has restored IFIN's Rs 593 crore claim in Attivo Economic Zones, overturning the IRP's rejection and restoring IFIN's voting rights in the CoC.

Axis Bank Q3 Profit Up 4%, Loan Growth Slows

January 16, 2025 20:52

Axis Bank's Q3 profit rose 4% to Rs 6,304 crore, driven by higher provisions and slower loan growth. Retail segment asset quality pressures impacted the results.

Indian Can Be President of Suzuki Japan: Toshihiro Suzuki

January 16, 2025 19:02

Toshihiro Suzuki, President of Suzuki Motor Corporation, says nationality isn't a barrier for leadership at Maruti Suzuki India or Suzuki Japan, highlighting the growing importance of the Indian...

Spencer's Retail Narrows Q3 Loss, Enters Quick Commerce

January 16, 2025 18:03

Spencer's Retail reduced its Q3 net loss to Rs 47.34 crore and launched 'Jiffy', a quick commerce service in West Bengal. The company also plans to expand into Uttar Pradesh.

Waaree Renewables Q3 Profit Falls 17% to Rs 53 cr

January 16, 2025 15:35

Waaree Renewables Technology Limited (WRTL) reported a 17% decline in its net profit for the December 2024 quarter, reaching Rs 53.48 crore, due to higher expenses. The company's total income...

Suzuki to Enter Small EV Segment in India: Production Hub

January 16, 2025 15:32

Suzuki plans to enter the small electric car segment in India, using the country as its production hub. The company's first EV, the e VITARA, will debut in India and be exported globally. Suzuki...

CCI Dismisses Abuse of Dominance Complaint Against Honda Motorcycle

January 16, 2025 13:47

The Competition Commission of India (CCI) has dismissed a complaint alleging that Honda Motorcycle & Scooter India abused its dominant position in its dealings with a Kerala-based individual. The...

Air India Express Launches Patna Flights to Bengaluru, Bhubaneswar & Hyderabad

January 15, 2025 22:36

Air India Express commences operations from Patna with daily direct flights to Bengaluru, Bhubaneswar, and Hyderabad, expanding its network and connecting emerging cities.

Swiggy Launches Sports Arm - Swiggy Sports Private Limited

January 15, 2025 19:40

The Ministry of Corporate Affairs approves the incorporation of Swiggy Sports Private Limited, a subsidiary of Swiggy focused on sports activities, amusement, and recreation.

Laxmi Dental IPO Oversubscribed 113 Times

January 15, 2025 18:14

Laxmi Dental's IPO was oversubscribed by 113.97 times on its closing day, with strong demand from all investor categories. The company raised over Rs 314 crore from anchor investors and will use...

Vedanta Raises $1.1 Billion Through Bond Issuance

January 15, 2025 14:57

Vedanta Resources raised $1.1 billion through a dual-tranche bond offering to prepay existing liabilities, marking a significant move in debt management. The company received strong investor...

Republican Congressman Demands Adani Records Preservation

January 15, 2025 07:24

Rep. Gooden urges DOJ to preserve records related to the Adani Group investigation, questioning its selectivity and potential impact on US-India relations.

Optiemus to Manufacture KunWay Drones in India

January 14, 2025 22:27

Optiemus Infracom's subsidiary will manufacture and sell drones from Taiwan-based KunWay Technology in India, supporting the country's drone manufacturing ambitions.

Network18 Media Reports Rs 1,360.50-cr Revenue in Q3

January 14, 2025 20:24

Network18 Media & Investments Ltd reported a loss of Rs 1,400 crore in the December quarter, but revenue from operations was Rs 1,360.50 crore. The company's digital business is gaining momentum.

Adani Green Energy Commissions 57.2 MW Wind Power Plant in Khavda

January 14, 2025 19:06

Adani Green Energy has commissioned a 57.2 MW wind power component of its wind-solar hybrid project in Khavda, Gujarat, increasing its total operational renewable generation capacity to 11,666.1 MW.

CCI Approves Ashoka Buildcon Stake Buy in Ashoka Concessions

January 14, 2025 18:45

The Competition Commission of India (CCI) has approved Ashoka Buildcon's acquisition of a 34% stake in Ashoka Concessions, making it a wholly-owned subsidiary. The deal also involves the...

Laxmi Dental IPO Oversubscribed 16 Times on Day 2

January 14, 2025 17:39

Laxmi Dental's IPO received 16.02 times subscription on Day 2, with strong demand from all investor categories. The issue, priced between Rs 407-428, concludes on Wednesday.

JSW Cement IPO: Sebi Approves Rs 4,000 Cr Share Sale

January 13, 2025 18:56

JSW Cement receives Sebi's approval for a Rs 4,000 crore IPO, comprising a fresh issue and OFS by investors. The funds will be used for expansion and debt repayment.

Tata Motors Subsidiaries Partner with Saraswat Bank for Vehicle Finance

January 13, 2025 18:40

Tata Motors subsidiaries, TMPV and Tata Passenger Electric Mobility, have partnered with Saraswat Bank to offer customized auto retail financing solutions for ICE and EV vehicles.

Michelin Appoints Vitor Silva as President of AIM Region

January 13, 2025 16:08

Michelin appoints Vitor Silva as President of Africa, India, and Middle East Region, based in Pune. Silva brings extensive experience in sales, marketing and commercial functions across North...

Vidya Wires Files IPO Papers with Sebi

January 13, 2025 15:05

Winding and conductivity products maker Vidya Wires files draft papers with Sebi to raise up to Rs 320 crore via an IPO. The funds will be used for new projects, debt repayment, and general...

Laxmi Dental IPO Fully Subscribed in Minutes

January 13, 2025 12:21

Laxmi Dental's IPO was fully subscribed within minutes of opening on Monday, with strong demand from retail and institutional investors. The issue, which will close on January 15, aims to raise...

Standard Glass Lining Shares Debut at 26% Premium

January 13, 2025 11:16

Shares of Standard Glass Lining Technology Ltd listed with a premium of nearly 26% on Monday, rallying on the BSE and NSE. The company's market valuation stood at Rs 3,541.97 crore.

SECL Launches Post-Retirement Benefit Cell for Employees

January 12, 2025 15:17

South Eastern Coalfields Limited (SECL) introduces a dedicated cell to streamline post-retirement benefits for its employees in Chhattisgarh, providing a single-window approach for pensions,...

EMA Partners India IPO Opens Jan 17: Rs 76 Crore Raise

January 11, 2025 16:04

EMA Partners India is set to raise Rs 76 crore through an IPO on the NSE Emerge platform. The IPO will open for subscription on January 17 and conclude on January 21.

Laxmi Dental IPO: Rs 314 Crore Raised from Anchor Investors

January 11, 2025 14:28

Laxmi Dental, backed by OrbiMed, raises Rs 314 crore from anchor investors ahead of its IPO. The IPO opens for subscription on January 13th.

US Sanctions Russian Energy Sector, 2 Indian Firms Named

January 10, 2025 22:54

The US has imposed sanctions on two Indian companies for allegedly violating American sanctions on Russia by transporting LNG. The sanctions target over 200 entities and individuals, aiming to...

HUL Creates Subsidiary for Ice Cream Demerger

January 10, 2025 22:10

HUL incorporates Kwality Wall's as a subsidiary to house its ice cream business, which is slated for demerger. The move follows Unilever's global strategy to separate its ice cream operations.

Waaree Energies Acquires Enel Green Power India for Rs 792 Crore

January 10, 2025 22:01

Waaree Energies has acquired Enel Green Power India for Rs 792 crore, marking a significant step in its renewable energy expansion. The acquisition includes solar and wind projects totaling 640...

JSW Energy Acquires 125 MW Renewable Assets from Hetero Group

January 10, 2025 21:11

JSW Energy's subsidiary, JSW Neo Energy, has acquired 125 MW of renewable energy assets from Hetero Group for Rs 630 crore. The portfolio comprises wind projects in Andhra Pradesh and Maharashtra...

Adani Raises Rs 4,850 Cr from Adani Wilmar Stake Sale

January 10, 2025 20:01

Adani Group has raised Rs 4,850 crore by selling a 13.5% stake in Adani Wilmar, part of its strategy to exit non-core businesses and focus on infrastructure. The transaction attracted significant...

PFC Consulting Transfers Kudankulam SPV to PGCIL

January 10, 2025 19:01

PFC Consulting has transferred the Kudankulam ISTS Transmission SPV to Power Grid Corporation of India Ltd (PGCIL) for Rs 7.43 crore. The SPV is responsible for evacuating power from Kudankulam...

NTPC Renewable Energy Starts 110 MW Solar Projects

January 10, 2025 17:56

NTPC Renewable Energy has begun commercial supply of 110 MW electricity from two solar projects in Rajasthan and Madhya Pradesh. This brings the total installed and commercial capacity of the NTPC...

Speedy Multimodes Renews CWC Partnership for 6 Years

January 10, 2025 16:47

Speedy Multimodes has renewed its partnership with Central Warehousing Corporation (CWC) Mundra for six years to ensure continued services at its container freight station (CFS).

Vodafone Sells Indus Towers Stake for Rs 2,800 cr, Clears Dues

January 10, 2025 15:05

Vodafone has sold its entire 3% stake in Indus Towers for Rs 2,800 crore, using the proceeds to clear Rs 890 crore dues. The company also increased its stake in Vodafone Idea.

JSW Steel Production Rises 2.3% in Q3

January 10, 2025 11:02

JSW Steel's consolidated crude steel production increased by 2.3% to 7.03 million tonnes in Q3 FY23, driven by growth in Indian operations. The company's Vijayanagar plant is ramping up production.

GMR Airports Subsidiary Sells Stake in Philippines JV

January 9, 2025 22:15

GMR Airports International B.V. to sell 50% stake in Megawide GMR Construction JV in the Philippines for USD 1.365 million. The JV completed construction works of Clark Airport in 2020.

NRAI to Sue Zomato, Swiggy Over 'Private Labelling' - Food Delivery

January 9, 2025 19:28

The National Restaurant Association of India (NRAI) plans to file complaints against Zomato and Swiggy for their private label food delivery services via separate apps, accusing them of...

Women-Centric Fintech Startups: RBIH & IIMA Launch Swanari TechSprint 3.0

January 9, 2025 14:05

Reserve Bank Innovation Hub and IIMA Ventures launch Swanari TechSprint 3.0 to support women-centric fintech startups in India, providing mentorship, grants, and funding opportunities.

ONGC Revenue Boost: BP Partnership to Increase Oil & Gas Production

January 9, 2025 12:42

ONGC expects a USD 10.3 billion revenue boost from increased oil and gas production at Mumbai High field, achieved through a partnership with BP Exploration (Alpha) Ltd.

Novelis Inc to Raise USD 750 Million via Bond Issue

January 9, 2025 10:57

Novelis Inc, a subsidiary of Hindalco Industries, plans to raise USD 750 million through a bond offering to repay debt and strengthen its balance sheet. The company reported a decline in net income...

Standard Glass IPO Over-Subscribed 182 Times

January 8, 2025 18:43

Standard Glass Lining Technology Ltd's IPO was oversubscribed by 182.57 times, with strong demand from QIBs, non-institutional investors, and retail investors. The IPO raised Rs 410.05 crore.

Mouri Tech, Amanta Healthcare Scrap IPO Plans

January 8, 2025 18:35

Mouri Tech and Amanta Healthcare have withdrawn their IPO plans after filing draft papers with SEBI in 2024. The companies have not disclosed reasons for the withdrawal.

ONGC Stock Surges 3% After BP Wins Mumbai High Bid

January 8, 2025 17:36

ONGC shares rallied 3% on Wednesday after BP Plc won a bid to increase production at the Mumbai High oil and gas field, leading to a significant rise in the company's market valuation.

4 Companies Get Sebi Nod for IPOs: Dr Agarwal's, Casagrand, Highway Infra

January 8, 2025 16:59

Dr Agarwal's Health Care, Casagrand Premier Builder, Highway Infrastructure and Regreen-Excel EPC India have received Sebi's approval to launch their IPOs.

Laxmi Dental IPO Opens Next Week at Rs 407-428

January 8, 2025 15:59

Laxmi Dental's Rs 698 crore IPO opens next week with a price band of Rs 407-428 per share. The IPO comprises fresh issue and OFS by promoters and investors.

GMR Group Receives Rs 6,300 Cr Investment from ADIA

January 8, 2025 15:50

GMR Group has secured Rs 6,300 crore investment from Abu Dhabi Investment Authority (ADIA) to reduce debt of promoter group entity GMR Enterprises Pvt Ltd. The investment will facilitate debt...

BP Wins Bid to Operate ONGC's Mumbai High Fields

January 8, 2025 10:19

BP Plc has been selected to operate ONGC's Mumbai High oil and gas field, promising a significant production boost. The move aims to reverse declining output at the crucial Indian field.

Advik Acquires German Brake System Manufacturer Powersports MTG

January 7, 2025 21:17

Advik, a global automotive components maker, has acquired German braking system manufacturer Powersports MTG, expanding its expertise and European footprint. The acquisition brings advanced brake...

Carlyle Acquires 68.9% Stake in Roop Automotives: CCI Approval

January 7, 2025 20:22

US-based investment firm Carlyle gets CCI approval to acquire a 68.9% stake in Indian auto component manufacturer Roop Automotives Ltd. The deal involves inter-connected steps including securities...

Tata Electronics Acquires Majority Stake in Pegatron India: CCI Approves Deal

January 7, 2025 19:36

CCI has approved Tata Electronics' acquisition of a majority stake in Apple's contract manufacturer Pegatron Technology India. The deal involves two tranches and the transfer of TEL Components to...

Tata Electronics Acquires Majority Stake in Pegatron India

January 7, 2025 19:35

CCI approves Tata Electronics'' acquisition of majority stake in Pegatron India, Apple''s contract manufacturer, strengthening Tata''s presence in the electronics manufacturing sector.

Standard Glass IPO Oversubscribed 34.82 Times

January 7, 2025 17:55

Standard Glass Lining Technology's IPO received 34.82 times subscription on day 2, with strong demand from non-institutional investors and retail investors. The IPO was fully subscribed on the...

Indo Farm Shares Surge 20% on Market Debut

January 7, 2025 11:17

Indo Farm Equipment Ltd shares soared over 20% on their market debut, with the stock opening at Rs 258.40. The IPO was oversubscribed 227 times, reflecting strong investor interest in the farm...

ArcelorMittal SA to Close Long Steel Plants, 3,500 Jobs Affected

January 7, 2025 00:24

ArcelorMittal South Africa will shut down its long steel plants, impacting over 3,500 jobs due to weak economic conditions and competition from imports. The closure comes after failed efforts to...

Jalvahak Scheme: First Scheduled Freight Service Completes Maiden Voyage

January 6, 2025 23:02

The 'Jalvahak' scheme's scheduled freight service, utilizing MV Trishul and barges, successfully transported 1,500 tonnes of cement from Kolkata to Pandu via the Indo-Bangladesh Protocol Route,...

Adani & Indorama Team Up for Petrochemical Venture

January 6, 2025 20:08

Adani Group and Thailand's Indorama Resources have formed a joint venture, Valor Petrochemicals, to establish a refinery and petrochemical complex in India.

Akzo Nobel India to Sell Powder Coatings Biz, R&D to Parent Firm

January 6, 2025 17:55

Akzo Nobel India's board has approved exploring the sale of its powder coatings business and R&D operations to a separate indirect wholly-owned arm, Akzo Nobel NV.

Nuvoco Vistas Wins Bid for Vadraj Cement

January 6, 2025 17:05

Nuvoco Vistas Corp. has won the bid for Vadraj Cement, currently undergoing insolvency. The deal will increase Nuvoco's cement production capacity to 31 MMTPA and solidify its position as the...

Standard Glass Lining IPO Fully Subscribed

January 6, 2025 11:33

Standard Glass Lining Technology's IPO was fully subscribed within minutes of opening, receiving 3.22 times subscription. The issue, with a price band of Rs 133-140 per share, will conclude on...

Caliber Mining IPO: Rs 600 Crore Coal Mining & Logistics Company Files Draft Papers

January 5, 2025 15:40

Caliber Mining and Logistics, a Nagpur-based coal mining and logistics provider, files draft IPO papers with Sebi to raise Rs 600 crore. The IPO includes fresh issue and an offer-for-sale.

NTPC Wins 1,000 MW Solar Project in Uttar Pradesh

January 5, 2025 10:36

NTPC Renewable Energy Ltd has secured a 1,000 MW solar power project in Uttar Pradesh, India, at a tariff of Rs 2.56/kWh. The project was awarded through a competitive bidding process.

Standard Glass IPO: Rs 123 Crore Raised from Anchor Investors

January 3, 2025 20:55

Standard Glass Lining Technology has raised Rs 123 crore from anchor investors ahead of its IPO, which opens on January 6. The IPO comprises a fresh issue and an offer for sale (OFS).

Brigade Group Acquires 20-Acre Land in Bengaluru for Rs 630 Cr

January 3, 2025 18:43

Brigade Enterprises acquires 20 acres in Bengaluru for Rs 630 crore to develop a new housing project with 2.5 million sq ft of saleable area and a GDV of Rs 2700 crore.

NFRA Audit Flags Shortcomings in CA Firm MSKA & Associates

January 2, 2025 22:23

The National Financial Reporting Authority (NFRA) has identified lapses in audit quality inspections of MSKA & Associates, highlighting concerns regarding governance, independence, and...

Varun Beverages Invests Rs 412 Cr in South African Subsidiary

January 2, 2025 20:06

Varun Beverages Ltd (VBL) announced an investment of Rs 412 crore in its South African subsidiary, Beverage Company Proprietary (Bevco), to repay existing debt and strengthen its balance sheet for...

Indo Farm IPO Subscribed 227 Times: Massive Investor Response

January 2, 2025 18:39

Indo Farm Equipment's IPO witnessed an overwhelming response, getting subscribed 227.57 times on the final day. The IPO received bids for 192,75,49,293 shares against 84,70,000 on offer.

JK Lakshmi Cement Merger Approved by NSE, BSE

January 2, 2025 17:05

JK Lakshmi Cement receives approval from NSE and BSE for the merger of three subsidiaries, including Udaipur Cement Works. The amalgamation aims to simplify the group structure and enhance...

Standard Glass IPO: Price Band at Rs 133-140, Opens Jan 6

January 1, 2025 21:25

Standard Glass Lining Technology's IPO opens on January 6 with a price band of Rs 133-140 per share, aiming to raise Rs 410.05 crore. The IPO includes a fresh issue and an offer for sale by...

Indo Farm Equipment IPO Over-Subscribed: 54.50 Times on Day 2

January 1, 2025 17:45

Indo Farm Equipment's IPO witnessed strong investor interest, garnering 54.50 times subscription on day 2. Learn about the IPO details, subscription figures, and future plans.

Coal Production Declines at BCCL & SECL in Apr-Dec

January 1, 2025 16:24

Coal India subsidiaries BCCL and SECL saw production decline in Apr-Dec, while other subsidiaries like NCL, ECL, CCL and WCL recorded growth.

A-One Steels India Files for Rs 650 Crore IPO

January 1, 2025 12:31

A-One Steels India, an integrated steel manufacturer, has filed draft papers with Sebi for an IPO to raise Rs 650 crore. The IPO includes a fresh issue of shares and an Offer for Sale (OFS) by...

UltraTech Appoints New CEO & CFO for India Cements

January 1, 2025 11:51

UltraTech has appointed Suresh Vasant Patil as CEO and Krishnagopal Ladsaria as CFO for its newly acquired subsidiary, India Cements. The appointments take effect from Wednesday.

Reliance Industries Acquires Viacom18 Media Subsidiary

December 31, 2024 23:15

Reliance Industries has become the majority shareholder in Viacom18 Media after converting preference shares into equity, making it a direct subsidiary. This follows the merger of RIL's media...

Kalpataru Projects Wins Rs 1,011 Cr Orders

December 31, 2024 19:46

Kalpataru Projects International Ltd secures new orders worth Rs 1,011 crore across T&D, Railway, and B&F segments in India and overseas.

RP-Sanjiv Goenka to Enhance Power Services in Chandigarh

December 31, 2024 18:13

RP-Sanjiv Goenka Group's Eminent Electricity Distribution Ltd will take over electricity distribution in Chandigarh, promising enhanced consumer experience, 24/7 call center, WhatsApp service, and...

Reliance Acquires USD 13 Billion in 5 Years

December 31, 2024 14:54

Reliance Industries Ltd has spent USD 13 billion on acquisitions in the past five years across new energy, telecom, retail, and media, pivoting from oil to clean energy and consumer verticals.

Indo Farm Equipment IPO Oversubscribed 6 Times

December 31, 2024 12:39

Indo Farm Equipment's IPO was oversubscribed nearly 6 times within hours of opening, with strong demand from retail and non-institutional investors.

Waaree Bags 2 GW Solar Project in Bikaner

December 31, 2024 11:33

Waaree Renewable Technologies has secured a 2 GW solar project in Bikaner, Rajasthan, from Jindal Renewables. This is the company's largest EPC contract yet and will utilize advanced technologies...

India-South Africa Trade Booms, 30th Anniversary Marked

December 31, 2024 11:04

India and South Africa celebrated the 30th anniversary of their diplomatic ties in 2024, with bilateral trade hitting a record USD 19 billion. The two countries also saw increased investment and...

Indo Farm IPO: Rs 78 Crore Raised from Anchor Investors

December 30, 2024 21:54

Indo Farm Equipment raised Rs 78 crore from anchor investors ahead of its IPO, which opens on Dec 31. The IPO, priced at Rs 204-215 per share, aims to raise Rs 260 crore.

Wipro Completes Applied Value Technologies Acquisition - Jan 31 Deadline

December 30, 2024 21:43

Wipro announces the completion of its acquisition of Applied Value Technologies Pte Ltd by January 31, 2025, following a delay. Learn more about the transaction and the IT major's expansion.

Shriram Properties Sells Land in Chennai for Growth

December 30, 2024 20:16

Shriram Properties has sold a 3.9 acre land parcel in Chennai to a healthcare and education group. This sale is part of the company's strategy to monetize non-core assets and focus on residential...

Sebi Approves IPOs for Schloss Bangalore, Ather Energy, & More

December 30, 2024 18:52

Sebi has approved IPO proposals from six companies, including Schloss Bangalore, Ather Energy, and Oswal Pumps. Learn more about the proposed offerings.

Refex Renewables Acquires Stake in Vyzag Bio-Energy Fuel

December 30, 2024 17:43

Refex Renewables & Infrastructure has acquired a 51% stake in Vyzag Bio-Energy Fuel, a company operating a Compressed Bio-Gas (CBG) plant in India. This acquisition strengthens Refex's...

Carraro India Shares Debut With 7.52% Discount

December 30, 2024 11:24

Carraro India Ltd shares opened 7.52% below the issue price of Rs 704. The IPO was an Offer-for-Sale (OFS) by Carraro International SE, raising Rs 1,250 crore. Carraro India specializes in axles...

Senores Pharma Shares Debut with 53% Premium

December 30, 2024 11:07

Senores Pharmaceuticals Ltd shares listed with a premium of over 53% on the BSE and NSE. The IPO received strong investor participation, with a subscription of 93.69 times.

Tamil Nadu Aims for USD 1 Trillion Economy by 2030

December 29, 2024 08:43

Tamil Nadu government secured big ticket investments and rolled out sector-specific policies in 2024 to achieve its USD 1 trillion economy dream by 2030. The state''s Global Investors Meet (GIM)...

Zydus Wellness Arm Faces Rs 56.33 Crore GST Demand

December 28, 2024 13:52

Zydus Wellness's subsidiary, ZWPL, received a Rs 56.33 crore GST demand from the tax authority related to intellectual property rights acquisition. The company is evaluating the next steps.

Reliance Acquires Karkinos Healthcare for Rs 375 cr

December 28, 2024 13:37

Reliance Industries has acquired oncology-focused healthcare platform Karkinos for Rs 375 crore, expanding its health services business portfolio. Karkinos provides technology-driven solutions for...

JSW Neo Energy Acquires 4.7 GW RE Platform O2 Power

December 27, 2024 18:53

JSW Neo Energy will acquire 4,696 MW renewable energy platform from O2 Power for Rs 12,468 crore. The deal is subject to CCI approval and other customary approvals.

Max Estates Sells 67 Luxury Apartments in Noida for Rs 845cr

December 27, 2024 17:27

Max Estates sold 67 luxury apartments in Noida for Rs 845 crore at over Rs 25,000 per sq ft, exceeding its original guidance. The company has achieved strong sales in the first nine months of 2024-25.

Max Estates Sells Rs 845 Cr Luxury Homes in Noida

December 27, 2024 16:14

Max Estates has sold luxury residential properties worth Rs 845 crore in Noida. The second phase of its 'Estate 128' project achieved pre-sales booking value of Rs 845 crore within a week of...

NTPC REL Begins 37.50 MW Solar Supply in Gujarat

December 27, 2024 12:20

NTPC Renewable Energy Ltd (NTPC REL) has started commercial supply of 37.50 MW from its 200 MW Gujarat Solar PV Project in Sadla. The project brings NTPC's total capacity to 76,598.18 MW.

Coal Exchange On Anvil: India Aims To Boost Output

December 27, 2024 11:00

India plans to launch a coal exchange, increase production, and promote coal gasification to meet growing demand. Coal output is expected to grow, with captive mines playing a key role. The...

Sanathan Textiles Shares Debut at 31% Premium

December 27, 2024 10:37

Sanathan Textiles Ltd shares listed with a premium of over 31% on Friday, surging to Rs 422.65 on the BSE. The company's IPO garnered 35.12 times subscription.

UltraTech Acquires 8.69% Stake in Star Cement for Rs 851 Crore

December 27, 2024 10:09

UltraTech Cement has acquired an 8.69% stake in Star Cement, a Meghalaya-based cement producer, for up to Rs 851 crore. The deal strengthens UltraTech's presence in the north-eastern India market.

Anya Polytech & Fertilizers IPO: Rs 45 Cr Raise

December 26, 2024 17:56

Anya Polytech & Fertilizers Ltd launches IPO to raise Rs 45 crore. The IPO, open till December 30, 2024, aims to expand the company's product portfolio and enhance operational efficiency.

Sri Lotus Developers Files Rs 792 Cr IPO: Bollywood Stars Invest

December 26, 2024 17:27

Sri Lotus Developers, backed by Bollywood stars and investor Ashish Kacholia, files Rs 792 crore IPO papers. The IPO includes a reservation for employees and will fund ongoing projects.

Sumitomo Mitsui Infuses Rs 3,000 Cr in SMFG India Credit

December 26, 2024 15:39

Sumitomo Mitsui Financial Group (SMFG) has infused Rs 3,000 crore in SMFG India Credit Co Ltd (SMICC) via a rights issue to expand business. This investment also includes Rs 300 crore for SMFG...

Acme Solar Secures Rs 1,988 Cr Loan for 300 MW Hybrid Project

December 26, 2024 15:06

Acme Solar Holdings has secured a Rs 1,988 crore loan from PFC to develop a 300 MW hybrid renewable energy project in Rajasthan and Gujarat. The project, awarded through a SECI auction, will be...

REC Forms Arm for Renewable Power Evacuation in Madhya Pradesh

December 25, 2024 19:28

REC has formed a subsidiary, Rajgarh III Power Transmission Limited, to evacuate power from renewable energy projects in Madhya Pradesh. The company will be transferred to the successful bidder...

UltraTech Completes India Cements Acquisition, N Srinivasan Steps Down

December 25, 2024 19:03

UltraTech Cement completes acquisition of India Cements, taking majority stake. N Srinivasan and other promoters step down from the board. The deal expands UltraTech's footprint in the southern...

GoMechanic Targets Rs 700 Cr Revenue, IPO by 2027

December 25, 2024 15:46

GoMechanic, acquired by Servizzy, aims for 3x revenue growth to Rs 700 crore by 2027, plans IPO, and diversification into two-wheeler and electric vehicle services.

Hisense to Invest in Epack Durable: Minority Stake Acquisition

December 25, 2024 14:25

Hisense, a Chinese electronics giant, is in talks with Epack Durable, India's second-largest ODM for room air-conditioners, to acquire a minority stake. The deal is still in the preliminary stages.

Swan Energy Partners with AG&P for India FSRU Project

December 25, 2024 14:03

Swan Energy has partnered with AG&P Terminals and Logistics to provide a floating storage and regasification unit (FSRU) for its LNG import project in Jafrabad, Gujarat.

Cement Industry Eyes Growth in 2025

December 25, 2024 13:50

India's cement industry expects growth in 2025 driven by government spending on infrastructure and housing projects, despite consolidation and acquisitions in 2024.

Senores Pharma IPO Over-Subscribed 93.69 Times

December 24, 2024 20:50

Senores Pharmaceuticals IPO received 93.69 times subscription on the final day of bidding. The IPO, valued at Rs 582 crore, saw strong investor participation across all categories.

Carraro India IPO Oversubscribed: 1.12 Times Subscription

December 24, 2024 19:55

Carraro India's IPO received 1.12 times subscription on the last day of bidding. QIBs portion got subscribed 2.21 times, while retail investors saw 71% subscription. The issue garnered Rs 375 crore...

Daimler India Plant Earns IGBC Platinum Certification

December 24, 2024 16:23

Daimler India's Oragadam plant in Tamil Nadu has received the IGBC platinum certification for its sustainability efforts, showcasing its commitment to green manufacturing and environmental...

Sundaram Home Finance Enters Andhra Pradesh Market

December 24, 2024 15:33

Sundaram Home Finance launches its Emerging Business segment in Andhra Pradesh, aiming for Rs 75 crore disbursements through 12 branches and offering small business loans and affordable housing...

Indo Farm Equipment IPO Opens Dec 31: Price Band, Details

December 24, 2024 15:06

Indo Farm Equipment's IPO will open on December 31 with a price band of Rs 204-215 per share. The issue will raise Rs 260 crore and will close on January 2.

ReNew Sells 300 MW Solar Asset in Rajasthan to Anzen

December 23, 2024 21:11

ReNew Energy Global Plc has sold its entire stake in RSWPL, a 300 MW operational solar asset in Rajasthan, to Anzen for USD 176 million. The transaction is expected to close soon.

TVS Emerald Acquires 12 Acres in Chennai, Rs 2,800 Crore Potential

December 23, 2024 21:06

TVS Emerald, a real estate developer, has purchased 12 acres in Chennai with a development potential of 2.5 million sqft and a revenue potential of Rs 2,800 crore. This is one of the largest real...

Parle Biscuits FY24 Profit Soars to Rs 1,607 Cr

December 23, 2024 19:30

Parle Biscuits reported a twofold jump in profit to Rs 1,607 crore for FY24, with revenue from operations up 2% to Rs 14,349 crore. The company's total revenue was up 5.31% at Rs 15,085 crore.

Sanathan Textiles IPO Over-Subscribed 35 Times

December 23, 2024 18:42

Sanathan Textiles's IPO received 35.12 times subscription on the last day of bidding, with QIBs over-subscribing 75.62 times. The issue raised Rs 165 crore from anchor investors.

Carraro India IPO Subscribed 22% on Day 2

December 23, 2024 18:25

Carraro India's IPO received 22% subscription on day 2, with retail investors subscribing 35%. The IPO, entirely an offer for sale (OFS), will conclude on December 24.

Senores Pharma IPO Over-Subscribed 13.88 Times

December 23, 2024 18:11

Senores Pharmaceuticals' IPO received 13.88 times subscription on Day 2, with strong demand from retail and institutional investors. The IPO will conclude on December 24.

Waaree Energies Invests Rs 850 Crore in Electrolyzer & Storage Cell Manufacturing

December 23, 2024 15:32

Waaree Energies has announced an investment of Rs 850 crore to set up electrolyzer and storage cell manufacturing facilities. The company will also invest in inverter business through its subsidiary.

TVS Emerald Buys Land for Rs 2,800 cr Real Estate Project in Chennai

December 23, 2024 12:35

TVS Emerald has acquired 12 acres of land in Chennai to develop a real estate project worth Rs 2,800 crore. This marks the company's third land acquisition in the current fiscal.

Solar91 Cleantech IPO Opens Dec 24: Price Band Rs 185-195

December 22, 2024 16:57

Solar91 Cleantech, an EPC solutions provider, is set to launch its IPO on December 24, with a price band of Rs 185-195 per share. The IPO will raise Rs 106 crore and will be listed on BSE's SME...

Govt Infuses Rs 500 Cr in IFCI for Restructuring

December 22, 2024 16:55

Indian government infuses Rs 500 crore in IFCI to improve its financial health ahead of restructuring and consolidation into a group. This will increase the government's stake in IFCI to over 71%.

IOC Probes US Firm Bribery Allegations

December 22, 2024 14:12

Indian Oil Corporation (IOC) is investigating allegations that Albemarle Corporation bribed its officials to secure catalyst contracts between 2009 and 2011. The US firm settled a bribery case with...

Canon Sees Chip Fabrication Opportunity in India, Talks with Manufacturers

December 22, 2024 12:32

Canon, a leading imaging and optical products company, sees significant opportunities in India's growing semiconductor industry, engaging in discussions with manufacturers for its lithography...

Sanathan Textiles IPO: 1.43 Times Subscription on Day 2

December 20, 2024 20:10

Sanathan Textiles IPO garners 1.43 times subscription on day 2, with retail investors showing strong interest. The IPO closes on December 23.

Carraro India IPO Subscribed 9% on Day 1

December 20, 2024 19:35

Carraro India's IPO received 9% subscription on the first day, with retail investors showing the most interest. The offer, worth Rs 1,250 crore, closes on December 24.

Senores Pharma IPO Subscribed 1.78 Times on Day 1

December 20, 2024 19:08

Senores Pharmaceuticals IPO received bids for 1.51 crore shares on Day 1, exceeding the offer size by 1.78 times. RIIs portion fetched 7.19 times subscription while the QIBs quota got subscribed...

HCC Divests Steiner AG Stake, Focuses on India

December 20, 2024 19:07

Hindustan Construction Company (HCC) has divested its stake in Steiner AG to Uniresolv, an affiliate of Geneva-based m3 Immobilier Holding SA, to focus on core operations in India. The transaction...

UltraTech Cement Acquires Majority Stake in India Cements: CCI Approval

December 20, 2024 18:54

UltraTech Cement has received CCI approval to acquire a majority stake in India Cements, expanding its footprint in the southern cement market. The deal includes a 32.72% stake acquisition and a...

Moksh Ornaments to Raise Rs 49 Cr via Rights Issue

December 20, 2024 18:32

Moksh Ornaments, a Mumbai-based gold ornament manufacturer, plans to raise Rs 49 crore through a rights issue opening on December 30. The funds will be used for working capital and general...

Waaree Energies Starts US Solar Module Production

December 20, 2024 16:10

Waaree Energies has begun trial production at its new solar module plant in the US, marking a significant step in expanding its presence and supporting US energy security.

IndiGo Parent to Loan USD 43 Million to IFSC Subsidiary

December 19, 2024 21:25

InterGlobe Aviation, parent of IndiGo, will provide a USD 43 million loan to its subsidiary IndiGo IFSC for aircraft acquisition. The loan will help IndiGo IFSC meet its funding requirements for...

Carraro India IPO: Rs 375 cr from Anchor Investors

December 19, 2024 21:20

Carraro India, a manufacturer of transmission systems for off-highway vehicles, has raised Rs 375 crore from anchor investors ahead of its IPO opening on December 20. The IPO is an offer for sale...

Senores Pharma IPO: Rs 261 Cr from Anchor Investors

December 19, 2024 21:11

Senores Pharmaceuticals raises Rs 261 crore from anchor investors ahead of its IPO. The IPO opens on December 20 and closes on December 24. Read more.

Tata Motors Wins 148 Electric Bus Order from BMTC

December 19, 2024 20:06

Tata Motors secures an additional order for 148 electric buses from Bengaluru Metropolitan Transport Corporation (BMTC), following an earlier order of 921 electric buses.

Sebi Fines EbixCash, Ebix Rs 6 Lakh for IPO Disclosure Lapses

December 19, 2024 19:45

Sebi has imposed a Rs 6 lakh fine on EbixCash and Ebix Inc for failing to disclose material information related to their proposed IPO, including regulatory actions by the RBI and arbitration rulings.

Nifty 2025 Target: HDFC Securities Predicts 10% Jump, Moderated Returns

December 19, 2024 19:04

HDFC Securities expects Nifty to reach 26,482 points by 2025, but advises investors to moderate their return expectations. The brokerage recommends focusing on large-cap stocks and expects earnings...

Sanathan Textiles IPO Subscribed 45% on Day 1

December 19, 2024 18:21

Sanathan Textiles IPO received 45% subscription on Day 1, with retail investors showing strong interest. The IPO, priced at Rs 305-321 per share, will conclude on December 23.

NTPC Renewable Starts 30 MW Solar Power Supply in Gujarat

December 19, 2024 16:08

NTPC Renewable Energy has commenced commercial supply of 30 MW electricity from its 150 MW solar project in Mesanka, Gujarat, adding to its growing renewable portfolio.

Adani Energy Solutions Forms New Subsidiary: AESSTL

December 19, 2024 15:26

Adani Energy Solutions (AESL) has incorporated a wholly owned subsidiary, Adani Energy Solutions Step-Ten Ltd (AESSTL), for power transmission, distribution, and related infrastructure services....

NODWIN Gaming Acquires AFK Gaming: Esports Media Deal

December 19, 2024 11:06

NODWIN Gaming has acquired a majority stake in AFK Gaming for Rs 7.6 crore, making it a fully-owned subsidiary. The deal includes cash and stock swap, with AFK Gaming founders becoming shareholders...

Sanathan Textiles IPO: Rs 165 Crore Mobilised from Anchor Investors

December 18, 2024 20:21

Sanathan Textiles has raised Rs 165 crore from anchor investors ahead of its IPO. The yarn manufacturer's IPO opens on December 19 and aims to raise Rs 550 crore.

ITC Consolidates Oberoi, Leela Stakes Ahead of Hotel Demerger

December 18, 2024 20:06

ITC Ltd acquires shares in Oberoi and Leela hotel chains, increasing its stake ahead of the demerger of its hotels business into a separate entity in January 2025.

Cochin Shipyard Builds Eco-Friendly Vessels for Wilson ASA

December 18, 2024 17:38

Cochin Shipyard's subsidiary launches six environment-friendly general cargo vessels for Norway's Wilson ASA, showcasing its commitment to 'Atmanirbhar Bharat' and 'Make in India' initiatives.

Reliance Nippon Life in Talks with IndusInd Bank for Bancassurance Tie-up

December 18, 2024 17:04

Reliance Nippon Life Insurance is in talks with IndusInd Bank for a bancassurance partnership as the IIHL and RCAP deal nears completion. The partnership is expected to expand Reliance Nippon...

NES Data Leases Entire 4 MW Data Center in Pune

December 18, 2024 16:57

NES Data, a subsidiary of TCC concept, has leased its 4 MW data center in Pune to a leading data center infrastructure company. The company aims to expand its data center footprint to over 100 MW...

Senores Pharma IPO Opens on Friday: Rs 582 Crore Issue

December 18, 2024 13:50

Senores Pharmaceuticals IPO opens on December 20th, with a price band of Rs 372-391 per share. The IPO will raise Rs 582 crore, with proceeds used for manufacturing facility expansion, working...

Sembcorp Wins 150 MW Solar Project with 300 MWh Storage

December 18, 2024 12:48

Sembcorp Industries secures a 150 MW solar project with 300 MWh energy storage in India, its first hybrid project in the country, expanding its global renewables capacity to 16.5 GW.

Sanghi Industries Shares Plunge 13% on Adani Merger

December 18, 2024 12:22

Sanghi Industries shares fell sharply after Adani Group announced plans to merge the company and Penna Cement with Ambuja Cements, consolidating cement operations. Learn more about the impact on...

Supriya Lifescience Inaugurates Rs 120-cr API Block

December 17, 2024 22:32

Supriya Lifescience has inaugurated a Rs 120-crore API production block in Ratnagiri, adding 335 kilolitre capacity to its operations. The unit expands Lote Parshuram capacity by over 55% to 932 KLPD.

Birla Estates Acquires 71-Acre Land in Boisar

December 17, 2024 21:23

Birla Estates, a subsidiary of Aditya Birla Real Estate, has purchased 70.92 acres of land in Boisar, Maharashtra, for Rs 104.3 crore.

Dish TV CEO: Shareholder Tussle Doesn't Affect Operations

December 17, 2024 21:22

Dish TV CEO Manoj Dobhal says ongoing shareholder disputes don't impact the company's operations. He highlights the company's focus on content distribution and growth in the DTH and OTT space.

Shein Sale in India Not Banned: Govt Clarifies in Lok Sabha

December 17, 2024 20:13

Indian government clarifies that the sale of Shein-branded products in India was not banned, despite the app being blocked in 2020. Reliance Retail has partnered with Shein to develop an e-commerce...

Adani Energy Forms New Arm for Power Transmission

December 17, 2024 19:49

Adani Energy Solutions Ltd (AESL) has formed a new subsidiary, Adani Energy Solutions Step-Eleven Limited (AESSEL), for power transmission, distribution, and supply.

Ambuja Cements Merges Sanghi & Penna Cement

December 17, 2024 19:23

Ambuja Cements will merge Sanghi Industries and Penna Cement Industries with itself, aiming to streamline operations and enhance shareholder value.

Skoda Car Prices Hike in India: Up to 3% Increase

December 17, 2024 18:09

Skoda Auto India announces a price hike of up to 3% across its car range, effective January 1, due to rising costs. The increase applies to Kushaq, Slavia, Superb, and Kodiaq models.

ITC Hotels Demerger Effective January 1, 2025

December 17, 2024 17:51

ITC's hotel business demerger is set to take effect on January 1, 2025, creating a new wholly-owned subsidiary, ITC Hotels Ltd. The demerger was approved by shareholders and regulators.

UK-India Business Booms: HSBC Data Shows 121% Growth

December 17, 2024 17:49

HSBC data reveals a surge in business activity between the UK and India, with payments to UK clients from India increasing by 121% in 2024. The growth is attributed to factors like India's growing...

Coromandel & Mahindra Partner for Drone Spraying Services

December 17, 2024 16:15

Coromandel International and Mahindra Krish-e join forces to expand drone spraying services, Gromor Drive, across India, offering farmers efficient and sustainable solutions for their crops.

Coromandel & Mahindra Partner for Drone Spraying

December 17, 2024 15:59

Coromandel International and Mahindra's Krish-e have partnered to offer drone spraying services, Gromor Drive, to farmers across India. This collaboration aims to improve agricultural efficiency...

Granules India Gets USFDA Nod for Generic ADHD Drug

December 17, 2024 15:50

Granules India's subsidiary receives USFDA approval for generic Lisdexamfetamine Dimesylate chewable tablets, a medication used to treat ADHD and binge eating disorder.

Carraro India IPO Opens Dec 20: Price Band Rs 668-774

December 17, 2024 15:47

Carraro India's IPO opens on Dec 20 with a price band of Rs 668-774 per share. The Rs 1,250 crore IPO is an offer for sale (OFS) by Carraro International S E.

Daikin & Rechi Precision JV to Manufacture Compressors in India

December 17, 2024 15:46

Daikin Industries and Rechi Precision form a joint venture to manufacture compressors in India, aiming to meet growing demand and expand the AC market. The JV will invest around Rs 1,000 crore over...

Reliance NU Suntech Wins 930 MW Solar, 465 MW Battery Project

December 17, 2024 15:07

Reliance NU Suntech secures a 930 MW solar project and 465 MW battery energy storage system from SECI, marking a significant milestone in India's renewable energy sector.

Laxmi Dental IPO Approved by SEBI: Rs 150 Crore Fresh Issue

December 16, 2024 17:20

Laxmi Dental receives SEBI approval for IPO, raising Rs 150 crore through fresh issue and an offer for sale. The dental products company plans to invest in subsidiary Bizdent Devices and purchase...

Sanathan Textiles IPO: Price Band at Rs 305-321/share

December 16, 2024 13:16

Sanathan Textiles IPO opens on Dec 19 with a price band of Rs 305-321/share. The IPO will raise Rs 550 crore and will close on Dec 23. Learn more about the IPO details here.

JSW Energy Reaches 20 GW Generation Capacity

December 16, 2024 11:09

JSW Energy has secured multiple renewable energy projects, achieving a total locked-in generation capacity of 20 GW. The company aims to reach 20 GW generation and 40 GWh of energy storage capacity...

Jalvahak Scheme: Govt. Boosts Inland Waterway Cargo

December 15, 2024 18:24

India's 'Jalvahak' scheme incentivizes cargo movement on inland waterways, aiming to reduce logistics costs and promote sustainable transport. Learn about the scheme, its benefits and the impact...

Hinduja Group to Acquire Reliance Capital by Jan-End

December 15, 2024 18:00

IIHL aims to complete the acquisition of Reliance Capital by January 2025 and plans to expand its financial services business to USD 50 billion in 5 years.

UPL-SAS Tech & Climate Solutions for Indian Agriculture

December 15, 2024 16:18

UPL-SAS is transforming Indian agriculture with tech, climate-smart solutions, and a USD 200 mn investment to address challenges facing farmers.

NBCC Aims for Rs 1 Lakh Crore Order Book by March 2024

December 15, 2024 15:17

State-owned NBCC Ltd targets Rs 1 lakh crore consolidated order book by March 2024, driven by expansion across India. The company is focused on PMC, EPC, and real estate.

Aurobindo, Glenmark Recall Products in US Due to Manufacturing Issues

December 15, 2024 13:00

Aurobindo Pharma, Glenmark, and Zydus are recalling products in the US due to manufacturing issues, including impurities above FDA limits. Learn more about the recalls and affected products.

Sarovar Hotels Expands Highway Hotels & Resorts - 80 Projects in Pipeline

December 15, 2024 12:46

Sarovar Hotels is expanding its focus on highway hotels & resorts near major cities, capitalizing on India's growing road network. 80 new projects are in the pipeline, adding to the existing 135...

UPL-SAS: Tech & Climate Solutions Drive Growth After USD 200mn Investment

December 15, 2024 10:48

UPL-SAS is leveraging technology and climate-smart solutions to transform Indian agriculture, investing USD 200 million to address food security and farmer challenges.

Adani Green Energy Forms Subsidiary for Renewable Energy

December 13, 2024 20:00

Adani Renewable Energy Holding Nine has incorporated a subsidiary, Adani Green Energy Sixty Nine Ltd, to operate in the renewable energy sector. The new subsidiary will focus on generating,...

Ambuja Cements Launches 200 MW Solar Project in Gujarat

December 13, 2024 19:50

Ambuja Cements, part of Adani Group, commissions a 200 MW solar power project in Gujarat to power 20 cement plants. The project is part of the company's plan to achieve net-zero emissions by 2050.

Switzerland Suspends MFN Status for India: Impact on Investments

December 13, 2024 18:22

Switzerland suspends MFN status in India-Switzerland DTAA, impacting Swiss investments and leading to higher taxes for Indian companies in Switzerland. This decision follows a Supreme Court ruling...

Sebi Extends Deadline for Clearing Corps Ownership Comments

December 13, 2024 17:48

Sebi has extended the deadline to December 31 for public comments on its proposal to diversify ownership of clearing corporations, currently fully owned by stock exchanges.

Welspun Corp Expands Little Rock Facility, Invests USD 100 Million

December 13, 2024 16:22

Welspun Corp is expanding its Little Rock facility in the US with a USD 100 million investment, doubling capacity to 3.5 lakh tonnes by March 2026. The expansion will create 175 new jobs.

Nuvama Wealth Acquires Rs 100 cr in OYO Shares

December 13, 2024 14:27

Nuvama Wealth has invested Rs 100 crore in OYO's parent firm Oravel Stays Limited through a secondary market transaction, valuing the travel tech unicorn at USD 4.6 billion. The investment comes as...

AI Shrinks Photonics Timeline: CloudPhotonix CTO

December 12, 2024 21:34

CloudPhotonix CTO Sunil Khatana discusses how AI is accelerating photonics technology development, particularly in the area of high-speed transceivers. Learn about the company's vision to become a...

Adani Group Stocks Rise: Green Energy Jumps 6%

December 12, 2024 17:31

Nine Adani Group stocks closed higher on Thursday, with Adani Green Energy surging over 6%. Adani Ports pulled out of a US loan deal for a Sri Lanka port terminal.

Guwahati-Ahmedabad Direct Flight Starts: IndiGo Launches Daily Service

December 12, 2024 12:50

IndiGo has launched a new daily direct flight connecting Guwahati and Ahmedabad, offering enhanced connectivity and promoting economic growth between the two cities.

Adani Green Energy Commissions 250 MW Solar Project in Rajasthan

December 12, 2024 11:52

Adani Green Energy's arm has commissioned a 250 MW solar power project at Badi Sid in Jodhpur district, Rajasthan, increasing its operational renewable generation capacity to 11,434 MW.

Reliance Power Shares Surge 5% on Solar Project Win

December 12, 2024 11:38

Reliance Power shares rose after its subsidiary won India's largest 930 MW solar project with battery storage from SECI. The project will be built by Reliance NU Suntech.

Shriram Finance Sells Housing Finance Arm to Warburg Pincus for Rs 3,929 cr

December 11, 2024 22:17

Shriram Finance has completed the sale of its housing finance subsidiary, Shriram Housing Finance, to Warburg Pincus for Rs 3,929 crore. The transaction aligns with Shriram Finance's strategic...

SWITCH Mobility Launches EiV12 & E1 Electric Buses

December 11, 2024 18:54

SWITCH Mobility, a subsidiary of Ashok Leyland, launches two low-floor electric city buses, EiV12 and E1, expanding its product portfolio.

Reliance NU Suntech Wins India's Largest Solar Project

December 11, 2024 18:47

Reliance NU Suntech has secured a 930 MW solar project with a 1,860 MWh battery storage system in India, making it the country's largest such project.

Jain Group Eyes Hospitality Growth: Rs 500 Cr Capex, Acquisitions Planned

December 11, 2024 18:33

Jain Group, with a 50% revenue share from hospitality, plans Rs 500 crore investment by 2030, including acquisitions. The group launched Sarovar Portico Kolkata and has more hotels lined up.

TIVOLT Electric Vehicles & Tata Power Partner for EV Charging Ecosystem

December 11, 2024 17:00

TIVOLT Electric Vehicles and Tata Power Renewable Energy Limited have partnered to build a comprehensive EV charging infrastructure across India, accelerating the adoption of electric commercial...

Mahindra Susten Secures Rs 1,448 Cr Loan for Solar Projects

December 11, 2024 11:56

Mahindra Susten's subsidiary Martial Solren secured a Rs 1,448 crore term loan to fund 560 MWp solar power projects in Gujarat and Rajasthan. This investment will contribute to India's renewable...

Blackstone Acquires Stakes in Bagmane Group: CCI Approval

December 10, 2024 22:20

CCI approves Blackstone's acquisition of stakes in Bagmane Developers and Bagmane Rio, marking a significant move in the Indian real estate sector.

Reliance Power Launches Renewable Energy Arm: Reliance NU Energies

December 10, 2024 18:59

Reliance Power has formed a new subsidiary, Reliance NU Energies, to focus on renewable energy. Mayank Bansal and Rakesh Swaroop have been appointed as CEO and COO, respectively.

Shriram Pistons Acquires TGPEL Precision Engineering for Rs 220 Cr

December 10, 2024 18:26

Shriram Pistons & Rings Ltd (SPRL) is acquiring TGPEL Precision Engineering for Rs 220 crore, aiming to consolidate its position in high-precision injection moulded components. The deal, expected...

Dr Morepen Launches Weight Management Initiative

December 10, 2024 13:21

Dr Morepen enters the wellness market with LightLife, a weight management initiative addressing India's growing obesity crisis. The program features a scientific approach to weight loss with...

Sellwin Traders Signs USD 3 Million MoU with...

Sellwin Traders, a leading trading company, has signed a USD 3 million MoU with...

BharatPe CEO: 90-Hour Work Week is Unrealistic,...

BharatPe CEO Nalin Negi says a 90-hour work week is impractical and emphasizes the...

Tripura Surpasses Rubber Plantation Target:...

Tripura has exceeded its 5-year rubber plantation target of 30,000 hectares, aiming for...

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