Shriram Pistons Acquires TGPEL Precision Engineering for Diversification On December 10, 2024, Shriram Pistons & Rings Limited (SPRL) announced that its subsidiary, SPR Engenious Limited (SEL), will acquire TGPEL Precision Engineering Limited. The INR 2,200 Mn deal is set to close by December 31, 2024, with final adjustments for debt and working capital. Strategic Objectives…
Shaktikanta Das, the current RBI Governor, completes his tenure tomorrow. The government has appointed Mr. Sanjay Malhotra, formerly the Revenue Secretary, as the new RBI Governor effective November 11. Mr. Malhotra, a computer science graduate from IIT Kharagpur with a master’s degree in public policy from a U.S. university, brings 33 years of diverse experience…
Grasim Industries Expands Caustic Soda Lye Production at Vilayat Plant Grasim Industries Limited has achieved a significant milestone with the successful expansion of its Caustic Soda Lye production capacity at the Vilayat Plant in Gujarat, India. Project Completion: The expansion was completed on December 8, 2024, further solidifying Grasim’s position in the chemicals industry. Capacity…
Styrenix Performance Materials to Acquire INEOS Thailand Styrenix Performance Materials Limited (SPML) has announced the acquisition of INEOS Styrolution (Thailand) Co., Limited (INEOS Thailand) to expand its global footprint and strengthen its portfolio in specialty polymers. Here are the key details: Acquisition Details:SPML will acquire 100% shareholding of INEOS Thailand through its step-down subsidiary in…
Datamatics Acquires TNQ Tech to Strengthen Digital Publishing Services Datamatics Global Services Ltd has announced a significant step forward in its digital publishing and technology services with the acquisition of TNQ Tech Private Limited. Here are the details of this strategic move: Acquisition Announcement:On December 9, 2024, Datamatics revealed its plan to acquire 100% ownership…
Hyundai’s Expanding EV Charging Infrastructure Hyundai Motor India Limited (HMIL) is accelerating the growth of EV infrastructure in India with a focus on accessibility, convenience, and advanced technology. Here are the highlights of their initiatives: Nationwide Expansion:HMIL is establishing nearly 600 public EV fast charging stations across highways and major cities over the next seven…
Trident Group’s Investment in Madhya Pradesh Trident Group continues to make significant strides in industrial development and employment generation in Madhya Pradesh. Here are the key highlights of their recent initiatives: Participation in Industry Conclave: Trident Group Chairman, Shri Rajinder Gupta, attended the Invest Madhya Pradesh: Regional Industry Conclave in Narmadapuram. He discussed investment opportunities…
IPO Lock-In Period Expiry in December 2024: Key Insights and Opportunities Understanding the Expiry of IPO Lock-In Periods in December 2024: Key Insights and Opportunities December 2024 marks a significant month for investors, as several major IPOs will see their lock-in periods expire. Understanding these lock-in periods and their expiration can provide valuable insights and…
About Mobikwik Systems IPO Founded in 2009 by Bipin Preet Singh and Upasana Taku, Mobikwik has emerged as a pioneer in revolutionizing the financial landscape in India. As a leading digital banking platform, Mobikwik offers a diverse range of financial products tailored for both consumers and merchants. From secure payments to quick digital credit and…
Kernex Microsystems Secures ₹2,041 Crore KAVACH Order from Chittaranjan Locomotive Works Kernex Microsystems (India) Ltd. has been awarded a major contract worth ₹2,041.40 crore by Chittaranjan Locomotive Works. The project involves supplying, installing, testing, and commissioning 2,500 sets of On-board KAVACH equipment, a state-of-the-art Train Collision Avoidance System (TCAS). The project is slated for completion…