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…
Ashoka Buildcon Limited has been awarded two significant contracts by the National Highways Authority of India (NHAI). The projects involve the construction of 4-lane economic corridors in West Bengal under the Hybrid Annuity Mode (HAM). Below are the details of each project: Project 1: Kharagpur to Chandrakona-Ghatal Road Project Name: Development of a 4-lane Economic…
POWERGRID Acquires KVAPTL for ₹18.95 Crore to Boost Renewable Energy Transmission New Delhi, November 19, 2024 – Power Grid Corporation of India Limited (POWERGRID), the state-owned transmission giant, has acquired Khavda V-A Power Transmission Limited (KVAPTL) for approximately ₹18.95 crore. This strategic acquisition aligns with POWERGRID’s mission to bolster India’s renewable energy infrastructure and ensure…
Godawari Power and Ispat to Acquire 51% Stake in Jammu Pigments Limited Godawari Power and Ispat Limited (GPIL) announced the acquisition of a 51% equity stake in Jammu Pigments Limited (JPL) for ₹255 crore. Approved by the Board of Directors on November 19, 2024, the transaction will be completed in multiple tranches by March 31,…
Shilpa Pharma Lifesciences Secures CEP for Nifedipine API from EDQM Shilpa Pharma Lifesciences Limited, a wholly-owned subsidiary of Shilpa Medicare Limited, has been granted a Certificate of Suitability (CEP) by the European Directorate for the Quality of Medicines & Healthcare (EDQM) for its Active Pharmaceutical Ingredient (API), Nifedipine. A CEP certifies that the API complies…