In a strategic move to bolster its digital arm, Aditya Birla Capital Limited (ABCL) has invested Rs. 100 Crore in the equity shares of its wholly-owned subsidiary, Aditya Birla Capital Digital Limited (ABCDL). The investment, made on a rights basis, was completed on February 10, 2025, with ABCDL continuing to remain a 100% subsidiary of ABCL. This infusion…
In a significant move within the dairy industry, Hatsun Agro Product Limited (HAP), one of India’s leading dairy product manufacturers, has been steadily increasing its stake in Milk Mantra Dairy Private Limited. As of February 11, 2025, HAP has acquired an additional 2,418 equity shares at Rs. 10 each from a shareholder of Milk Mantra…
JASH Engineering Limited has released a corporate announcement detailing its order performance and market position as of February 10, 2025. The report highlights the company’s strong growth in domestic and international markets, with a solid order book and promising negotiated deals. Below is a comprehensive breakdown of the key aspects of JASH Engineering’s business update:…
In the short term, the stock market has shown some signs of recovery. Last week, bullish sentiment helped lift the indices slightly higher. However, in a broader six-month perspective, the market remains approximately 10% below its peak levels, indicating that a full recovery is still distant. Key Events to Watch This Week Impact of US…
The Shipping Corporation of India (SCI), a leading player in the maritime industry, has released its unaudited consolidated financial results for the quarter and nine months ended December 31, 2024. The report provides insights into the company’s financial performance, strategic initiatives, and ongoing developments. Here’s a detailed overview: Business Overview SCI operates a diverse fleet…
New Orders Boost Growth for Hitachi Energy, Ircon International, and Western Carriers In a series of significant developments, several companies have announced the receipt of major new orders, highlighting their expanding roles in key sectors such as energy, infrastructure, and logistics. Here’s a detailed look at the latest orders received by Hitachi Energy India Limited,…
Banco Products (India) Ltd. Acquires Padra Coating Works LLP in Strategic Move In a significant development, Banco Products (India) Ltd. announced the acquisition of Padra Coating Works LLP on February 8, 2025. This strategic move is aimed at strengthening Banco Products’ control over the quality of powder-coated parts and ensuring seamless delivery to Original Equipment…
L&T Finance Limited (LTF) has taken a strategic step to expand its gold loan portfolio by acquiring the gold loan business of Paul Merchants Finance Private Limited. The deal, structured as a slump sale on a going concern basis, is valued at ₹537 crore, with adjustments expected until closure. Key Highlights of the Acquisition Agreement…
Several major acquisitions have been announced, showcasing strategic expansions by Firstsource Solutions Limited (FSL), S Chand And Company Limited, and HT Media Limited. These deals reflect growth in AI development, publishing, and media sectors. Let’s dive into the details. Firstsource Solutions Acquires AccunAI India Services for ₹8.1 Crores Overview:Firstsource Solutions Limited (FSL) has finalized a…
Several major Indian companies have secured significant contracts in their respective industries. Here’s a detailed look at the latest order wins by Engineers India Limited (EIL), Ircon International Limited (IRCON), and Solar Industries India Limited. Engineers India Limited (EIL) Secures Rs. 54 Crore PMC Contract Project Overview:Engineers India Limited (EIL) has been awarded a project…