RailTel Corporation Secures Rs. 46.79 Crore Signaling Work Order RailTel Corporation of India Ltd. has bagged a significant order worth Rs. 46,79,16,427 (inclusive of taxes) for signaling work from the North Western Railway. The order was officially awarded on January 21, 2025, at 00:00. Key Highlights: Awarding Authority: Dy.CSTE Construction, Ajmer Division, North Western Railway….
Roundup of Acquisition and Merger Activity on January 21, 2025 Deep Industries Limited Deep Industries Limited, through its wholly-owned subsidiary Deep Onshore Services Private Limited, completed the acquisition of Dolphin Offshore Shipping Limited. The acquisition, finalized under a resolution plan approved by the NCLT during Dolphin’s Corporate Insolvency Resolution Process, involved the purchase of 10,000…
Jupiter Life Line Hospitals Plans New Facility in Thane Jupiter Life Line Hospitals Limited (JLHL) is expanding its operations with a new hospital in Ghodbundar Mira Road, Thane District, on a recently acquired plot measuring approximately 8,433 square meters. This facility will add 300 beds to JLHL’s current capacity of 1,061 beds, bringing enhanced healthcare…
Shiva Texyarn Limited: Order from Indian Airforce Shiva Texyarn Limited has informed the National Stock Exchange of India Limited about receiving a significant order from the Indian Airforce to supply 21,333 pieces of NBC HAVERSACK MK-II. The order is valued at ₹9.06 Crores, inclusive of duties and taxes. This domestic order will be fulfilled between…
Oberoi Realty Limited (ORL) has announced a merger with its wholly-owned subsidiary, Nirmal Lifestyle Realty Private Limited (NLRPL). The merger was approved by ORL’s Board of Directors on January 20, 2025, during a meeting in Mumbai. The proposed amalgamation is subject to approvals from shareholders, creditors, the Central Government, and the National Company Law Tribunal…
Hatsun Agro Product Limited (HAP) has announced the acquisition of 100% issued and paid-up share capital of Milk Mantra Dairy Private Limited, a move approved by its Board of Directors on January 20, 2025. This acquisition, valued at ₹233 Crores, does not involve related party transactions, and HAP’s promoter/promoter group holds no interest in Milk…
Hero MotoCorp unveiled four new models on the opening day of the 2025 Bharat Mobility Expo. Here are the key highlights: Hero Xoom 125: A sporty petrol-powered scooter, the Xoom 125 is based on the Xoom 110. It boasts a 124.6cc, single-cylinder, air-cooled engine delivering 9.8PS and 10.6Nm. Key features include an LCD console with…
The Hyundai Staria is a spacious, premium MPV with a van-like design, currently on display at the 2025 Auto Expo. Hyundai is using this platform to assess customer interest in the vehicle. While the Staria is available in markets such as Singapore, Indonesia, Malaysia, the Philippines, Australia, New Zealand, Russia, and South Africa, it has…
RBL Bank Limited has announced its unaudited consolidated financial results for the quarter and nine months ended December 31, 2024. Key highlights from the report are as follows: Revenues: The bank’s total income for the quarter stood at ₹461.05 crore, showing an increase from ₹396.88 crore in the same quarter last year (December 31, 2023),…
Kotak Mahindra Bank Q3 FY25 Financial Results Kotak Mahindra Bank Financial Results Metric Q3 FY25 (₹ Crore) Q2 FY25 (₹ Crore) Q3 FY24 (₹ Crore) Net Profit After Tax 4,701.02 5,044.05 4,264.78 Capital Adequacy Ratio (Basel III Standalone) 22.79% 22.61% 19.00% Gross NPA Ratio 1.51% 1.48% 1.68% Net NPA Ratio 0.44% 0.45% 0.36% Key Observations:…