NSE: BIKAJI:Rs.736.45(- 0.39%) Bikaji Foods International Limited is one of India’s largest fast-moving consumer goods (“FMCG”) brands. The company’s product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks as well as other snacks which primarily include gift packs (assortment), frozen food, mathri range, and cookies. Summary of the acquisition details based…
Today, the United States Securities and Exchange Commission (SEC) charged Gautam Adani, chairman of the Adani Group, with allegedly paying $265 million in bribes to Indian government officials. These payments were purportedly made to secure contracts for Adani Green Energy, the renewable energy subsidiary of the conglomerate. The SEC also accused Adani of misleading U.S….
Enviro Infra Engineers Limited, founded in 2009, specializes in constructing water and wastewater treatment plants. Catering to both government and industrial clients, the company has delivered 26 projects, including 20 with capacities of 10 MLD or higher, underscoring its expertise in water infrastructure. IPO Details Objective: The IPO aims to raise funds for: Working capital…
Addverb Technologies, a Noida-based robotics company backed by Reliance Industries, is set to launch India’s first humanoid robot in 2025. This ambitious project aims to position India as a global leader in robotics, competing with giants like Tesla, Boston Dynamics, and Agility Robotics. The initiative is also a significant step in advancing the “Make in…
The financial and operational performance of Happiest Minds Technologies Limited for Q2 and the first half (HY) of FY 2024-25 is outlined in the company’s communication to shareholders. The period ended on September 30, 2024, showcases solid growth, with key financial and business metrics demonstrating progress. Key Financial Metrics: Revenue Growth: Q2 FY25 (Quarter ended…
Zodiac Energy Limited (Zodiac) has entered into a Memorandum of Understanding (MOU) with the State Bank of India (SBI) on November 19, 2024. The company announced the MOU in letters to BSE Limited and the National Stock Exchange of India Limited on November 20, 2024. Purpose of the MOU: The primary objective of this MOU…
Vakrangee Limited (VL), one of India’s largest last-mile distribution platforms, has entered into a strategic partnership with Bangiya Gramin Vikash Bank (BGVB). Through this collaboration, Vakrangee will serve as a Corporate Business Correspondent (CBC) and offer banking services via its extensive network of Vakrangee Kendras. This partnership will expand Vakrangee’s footprint in rural West Bengal…
On November 20, 2024, RailTel Corporation of India Ltd. announced the receipt of a significant work order from the Central Medical Services Society (CMSS). The disclosure aligns with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI circular No. SEBI/HO/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023. Key Details of the Work Order: Awarding…
UPL Limited has announced the partial divestment of its stake in Advanta Enterprises Limited (AEL), a subsidiary specializing in the seed business. Currently, UPL holds an 86.67% stake in AEL, with KKR owning the remaining 13.33%. Transaction Details: UPL’s board has approved the sale of an 8.93% stake in AEL to Alpha Wave Ventures II,…
Barbeque-Nation Hospitality Limited, an Indian company, operates internationally through its wholly-owned Dubai-based subsidiary, Barbeque Nation MENA Holding Limited. This entity further owns a step-down subsidiary in Colombo, Sri Lanka, named Barbeque Nation Lanka (Pvt) Ltd. As a step-down subsidiary, Barbeque Nation Lanka (Pvt) Ltd qualifies as a related party to Barbeque-Nation Hospitality Limited under Section…