NEWS
TVS Holdings Limited, formerly Sundaram-Clayton Limited, is set to acquire 100% equity shares and Compulsorily Convertible Debentures of Radial (Phase II) IT Park Private Limited (“Target Company 1”) and Radial (Phase III) IT Park Private Limited (“Target Company 2”). This acquisition will be executed through TVS Emerald Limited, a wholly-owned subsidiary of TVS Holdings. Upon…
Premier Energies Limited to Set Up 1 GW Solar Photovoltaic TOPCon Module Manufacturing Facility Premier Energies Limited, through its wholly-owned subsidiary Premier Energies Global Environment Private Limited, has announced plans to establish a 1 GW Solar Photovoltaic TOPCon Module manufacturing facility in Telangana. Location: The facility will be situated at EMC Maheeshwaram, Telangana, on leased…
360 ONE WAM LIMITED (“Company”) is acquiring Maple Infra InvIT Investment Manager Private Limited (“Maple”). Key details of this acquisition are as follows: 360 ONE AAM, a wholly-owned subsidiary of 360 ONE WAM LIMITED, will acquire a 15% stake in Maple for ₹5,04,30,282.75, equivalent to ₹2.25 per share. Maple serves as an investment manager for…
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…
RailTel Secures Major MPLS Services Order from EPFO On December 6, 2024, RailTel Corporation of India Ltd. announced a significant achievement by securing a major order from the Employees Provident Fund Organisation (EPFO). The contract, valued at ₹16,22,32,280 (inclusive of taxes), involves providing MPLS services to 140 locations. This project underscores RailTel’s technical prowess and…
Why Did the Market Rally Today? Key Factors Explained The stock market saw a strong rally today, with the Nifty surging by nearly 240 points. Here’s a breakdown of the key reasons behind the market movement: Morning Trends: The market opened with a gap-up start, showing initial optimism. However, it experienced a slight slide before…
Key Highlights: Royal Enfield, the motorcycle brand of Eicher Motors Limited, sold 82,257 motorcycles in November 2024, reflecting a 2% growth compared to November 2023, when sales stood at 80,251 units. This figure encompasses both domestic and international markets: Domestic sales: 72,236 motorcycles, marking a 4% decline compared to the previous year. International sales: 10,021…
The agreement between Lloyds Engineering and FINCANTIERI S.p.A. is a formal arrangement outlining how the two companies will work together. Here’s a breakdown of its key points, explained in simpler terms: 1. Agreement An agreement is a formal understanding between two parties. In this case, Lloyds Engineering and FINCANTIERI S.p.A. have agreed to collaborate on…
NSE: MEDPLUS:Rs.744.90 (+0.42%) at 3.30 pm on day 25-Nov-2024 SBI Mutual Fund Reduces Stake in MedPlus Health Services Limited In a recent development, SBI Mutual Fund has decreased its shareholding in MedPlus Health Services Limited, one of India’s leading pharmacy retail chains. According to a disclosure dated November 21, 2024, this reduction follows a market…