Latest News on Corporate Actions

Shares of the Adani Group fell on Thursday after a report from the investigative reporting platform OCCRP claimed that partners of the promoter family of billionaire Gautam Adani invested hundreds of millions of dollars through Mauritius-based "opaque" investment funds in publicly traded group stocks. However, the conglomerate denied the charges vehemently. On the BSE, the [...]

On the final day of bidding on Monday, the Initial Public Offering (IPO) of Vishnu Prakash R Punglia Ltd. was subscribed 87.81 times, helped by strong engagement from institutional buyers. The company is into Engineering, Procurement, and Construction (EPC) works. The Rs 308.88 crore-public issue received bids for 1,92,56,17,350 shares against 2,19,30,000 shares on offer, [...]

Asia's richest man, Mukesh Ambani, appointed his three children Isha, Akash, and Anant to the board of the company, which he will continue to lead for another five years, and started carrying out a succession plan for his USD 200 billion energy-to-technology conglomerate Reliance Industries. The three kids have only been involved in the running [...]

Reliance Retail, which recently raised USD 1 billion from Qatar's sovereign agency, has garnered significant interest from a number of renowned international strategic and financial investors, RIL Chairman Mukesh Ambani said on Monday. He also stated that the retail venture would rank among the top four listed entities if it were to be listed on [...]

Venus Remedies announced on Monday that it has received the marketing approval for Enoxaparin in pre-filled syringes in Saudi Arabia. The drug is an anticoagulant, i.e, it prevents blood clots. Enoxaparin plays a crucial role in addressing blood clot formation in patients suffering from deep-vein thrombosis, acute coronary syndrome, heart attacks and pulmonary embolism. Venus [...]

A three-member National Company Law Appellate Tribunal bench (NCLAT) on Monday extended the time till September 30 for Jalan-Kalrock Consortium for payment of Rs 350 crore to the lenders of the bankrupt Jet Airways. Jalan-Kalrock Consortium had emerged as the winning bidder for the airline, which stopped flying in April 2019 and later underwent an [...]

In a regulatory filing, Embassy Office Parks REIT (Real Estate Investment Trust) stated that the Debenture Committee of the Board of Directors of the manager has approved the allotment of 50,000 non-convertible debentures (NCDs) with a face value of Rs 1 lakh on a private placement basis. This will be worth Rs. 500 crore and [...]

Chairman of Reliance Industries Ltd, the owner of world's largest single-location oil refining complex, Mukesh Ambani said on Monday that the company will set up 100 compressed biogas plants to convert agri-waste into gas. He further stated that this would result in reduction of about 7 million tonnes per annum of imported LNG. Speaking at [...]

Jio Platforms is keen to lead efforts in developing India-specific AI models and AI-powered solutions across domains, delivering the benefit of this new-age technology to Indian citizens, businesses and government. Ambani considers AI the most exciting growth frontier, and stated his commitment to create close to 2 GW of AI powered computing capacity across cloud [...]

As per the scrutinizer's stock exchange report filed by JK Lakshmi Cement Ltd (“JKLC”),shareholders of JKLC have rejected a special resolution for increasing inter corporate transaction limit to Rs 10,000 crore. As per section 186 of Companies’ Act 2013, the mandate is to require a supermajority to pass the special resolution i.e, 75%. The resolution [...]

Medi Assist Healthcare Services has filed preliminary papers with capital markets regulator Sebi to mobilise funds through an initial public offering (IPO). The company is making its second effort to go public. It had previously submitted draft papers to the Securities and Exchange Board of India (Sebi) in May 2021 with the purpose of issuing [...]

Following the disallowance of Rs 9,545 crore (USD 1.16 billion) in some incurred expenditures, mining billionaire Anil Agarwal's Vedanta Ltd won an arbitration against a demand for a bigger payout from its productive Rajasthan oil and gas reserves, the company said. The government has sought additional profit petroleum (or its share from the oil and [...]

Realty major DLF Ltd will launch two luxury housing projects worth Rs 15,000 crore in Gurugram during the second half of this financial year to expand its business amid strong demand for premium homes, its Managing Director Ashok Kumar Tyagi said. Tyagi said the company has set a target to reach sales bookings of Rs [...]

Tata Steel plans to scale up the usage of hydrogen in the steel-making process after the successful completion of the pilot project at its Jamshedpur plant, in Jharkhand, the company's CEO and MD T V Narendran said. At its steel factory in Jamshedpur, Jharkhand, Tata Steel started the first experiment of its sort in April [...]

BSE and the National Stock Exchange have imposed a fine of Rs 5.36 lakh each on state-owned Power Grid Corporation for not having the required number of independent directors including one woman on their board in the June quarter. "Company has received notices from National Stock Exchange of India (NSE) and BSE on August 21, [...]

Shares of Shoppers Stop tumbled 13 per cent on Friday after the resignation of its Managing Director & CEO Venugopal G Nair. The stock tanked 12.64 per cent to settle at Rs 708.85 apiece on the BSE. During the day, it fell by 13.56 per cent to Rs 701.35. On the NSE, it cracked 13 [...]

State-owned Power Finance Corporation (PFC) has entered into a pact with Damodar Valley Corporation (DVC) as part of which it will provide a Rs 4,527.68 crore loan to set up a 1,320 MW project at Raghunathpur in West Bengal. The Raghunathpur Phase-II project -- a collaborative effort between PFC and DVC -- will contribute significantly [...]

JBM Auto is gearing up to participate in the recently announced scheme under which 10,000 electric buses will be deployed in 169 cities under the public-private partnership model, a top company official said on Friday. The company, which already has orders for 5,000 electric buses from across the country in its kitty, is looking to [...]

Renewable energy solutions are offered by Suzlon Energy Ltd (Suzlon). It provides thorough solutions that address every aspect of wind energy projects. The business offers full turnkey solutions, starting with design and ending with asset life-cycle management. Along with producing power, selling solar panels, and offering fully produced castings, forgings, and foundry parts, Suzlon also [...]

Aircraft MRO services provider Haveus Aerotech India on Friday said it has signed an initial pact with Hindustan Aeronautics Ltd for exploring business opportunities in the civil aviation sector both in the domestic and international markets. The memorandum of understanding (MoU) signed with HAL Accessories Division Lucknow (ADL), which is into manufacturing of aircraft systems [...]

JSW Group, which is in talks with MG Motor India to enter the EV space, is also working on a parallel plan to make its own electric vehicles, Chairman Sajjan Jindal said on Friday. Discussions are underway with MG Motor, Jindal said. "We are extremely serious about entering the EV space. MG would be our [...]

Helios Capital Asset Management (India) Private Ltd is making its foray into the mutual fund space with the filing of a scheme information document (SID) with markets regulator Sebi for an overnight fund. The company will launch the new scheme after getting approval from the Securities and Exchange Board of India (Sebi). Going by the [...]

Private sector HDFC Bank has signed a memorandum of understanding with StartupTN to promote innovation and entrepreneurship in Tamil Nadu, the bank said on Thursday. Through the partnership, the bank aims to contribute significantly towards the growth and success of startups present in the state. StartupTN is backed by the Tamil Nadu government and aims [...]

The NR Group, owner of the world's largest incense stick brand Cycle, on Thursday, said monsoon rains will trigger the growth of the Rs 8,000-crore sector, though there are some concerns about normal rainfall as of now. "The sector’s actual demand is driven in the second and third quarters of the year due to the [...]

Months after a US short seller shook markets with a damning report on the Adani group, the Organised Crime and Corruption Reporting Project (OCCRP) - an organisation funded by likes of George Soros and Rockefeller Brothers Fund - is said to be planning another 'expose' on certain corporate houses in India, sources said. OCCRP, which [...]

Reliance Industries in collaboration with The Oberoi Hotels and Resorts will co-manage three iconic hospitality projects which include Anant Vilas in Mumbai and Stoke Park in the UK, the company said on Thursday. The arrangement between the two companies also includes the management of another planned project in Gujarat. "Reliance Industries...has entered into an understanding [...]

NMDC Steel Ltd on Thursday operationalised its 3 MTPA capacity steel plant at Nagarnar in Chhattisgarh built at a cost of about Rs 24,000 crore. "With today's development, we emerge as the newest entrant in the domestic steel market and have put Bastar on the steel map," NMDC Chairman and Managing Director (CMD) Amitava Mukherjee [...]

Max Ventures Investment Holdings, one of the promoters of Max Financial Services, offloaded a 3.6 per cent stake in the company for Rs 1,091 crore through open market transactions. Nippon India Mutual Fund (MF), ICICI Prudential MF, Kotak MF, Kotak Mahindra Life Insurance, HDFC Standard Life Insurance, Morgan Stanley Asia Singapore, International Monetary Fund and [...]

Global energy efficiency solution company Rishabh Instruments Ltd on Friday said it has fixed a price band of Rs 418-441 per share for its Rs 491-crore initial public offering (IPO). The maiden public issue will open for subscription on August 30 and close on September 1, the company announced. The IPO comprises a fresh issue [...]

Drug maker Lupin on Friday said it has received approval from the US health regulator to market a generic product, used in the treatment of a lung disease, in the American market. The company has received approval from the US Food and Drug Administration (USFDA) to market Pirfenidone tablets in strengths of 267 mg and [...]

Capital markets regulator Sebi has levied a fine of Rs 20 lakh on Star India Market Research for allegedly flouting regulatory norms. Star India Market Research (SIMR) is a Sebi-registered investment adviser. The Securities and Exchange Board of India (Sebi) conducted an examination of SIMR before issuing a show cause notice on July 11, 2023, [...]

In the heart of India's bustling tech scene lies a treasure trove of innovative crypto startups. These startups are leveraging blockchain technology to create groundbreaking solutions that address various challenges across industries. In this article, we highlight the best and brightest Indian crypto startups that are on the brink of transforming the way we transact, [...]

 IT services company Infosys on Thursday announced a three-year partnership with Rafael Nadal, onboarding the global tennis star as an ambassador for the brand and Infosys' Digital Innovation. To mark Nadal's first-ever collaboration with a digital services company, Infosys and Nadal's coaching team are developing an AI-powered match analysis tool, the Bengaluru-headquartered company said in [...]

Honeywell on Wednesday said it has set up an Airfield Ground Lighting (AGL) manufacturing facility in Gurugram, Haryana. "AGL is a Make in India product engineered and manufactured completely in India. AGL plays a crucial role in airport operations and is subject to comprehensive safety and compliance regulations by global aviation standards and regulatory bodies," [...]

Water and sewerage infra player EMS Ltd on Thursday said it is planning to launch an initial public offering (IPO) in the next month to raise Rs 300-320 crore. Also, the company said it has completed the pre-IPO placement round and raised Rs 33.76 crore through it, leading to a reduction in fresh issue size [...]

Shell Energy India on Wednesday said it will invest Rs 3,500 crore in Gujarat to set up a renewable energy facility, charging stations for electric vehicles, and an LNG regasification terminal, which would create nearly 4,300 jobs. A memorandum of understanding (MoU) in this regard was signed between the Gujarat government and Shell Energy India [...]

The country's largest airline IndiGo on Thursday told shareholders that a whole range of mitigating measures are being taken to deal with the situation arising out of grounded aircraft and it is working hard to have a positive net worth for the company. Speaking to shareholders at the 20th annual general meeting of InterGlobe Aviation, [...]

The Competition Commission of India has levied fines totalling Rs 55 lakh on Abu Dhabi Investment Authority (ADIA) and TPG Group for making false declarations before the regulator while availing the green channel facility in a deal related to the acquisition of a stake in UPL Sustainable Agri Solutions Ltd (UPL SAS). The acquirers, ADIA [...]

HDFC Bank Director Keki Mistry on Wednesday asserted that the demand for housing will continue in India and it has the power to unlock the potential of the economy. Speaking at the foundation day celebration of Bandhan Bank, Mistry said the housing sector also generates huge employment and has a better credit risk profile than [...]

Bandhan Bank on Wednesday announced it will enter the co-lending business, for which it will tie up with a couple of NBFCs. Announcing this at the bank's foundation day programme, its MD and CEO Chandra Shekhar Ghosh said the co-lending business will cover all verticals in which loans are given. "We have selected a couple [...]

Kotak is known for introducing smart and innovative financial solutions to maximize customers' savings. This time, they have introduced a sweep-in sweep-out facility in the form of Kotak811 ActivMoney. It involves the automatic sweeping out of funds above a certain threshold from one's savings account to an FD account for 180 days. If the savings [...]

Dalberg Advisors, a leading social and environmental impact advisory group, has appointed Swetha Totapally as Regional Director for Asia-Pacific (APAC) as it deepens its presence in India and expands to other markets. She will be responsible for leading the region's efforts to deliver on the firm's commitment to build a more inclusive and sustainable world. [...]

TVS Motor Company has unveiled its premium electric crossover two-wheeler TVS X targeting the millennials and Gen Z population in India and abroad. Launched at an introductory price of Rs 2.50 lakh, the electric two-wheeler comes with a high-performance battery pack that delivers 4.44kWh of installed capacity of energy, acceleration of 0-40 kilometre per hour [...]

Lithium-ion battery recycling firm RecycleKaro on Thursday said it plans to invest Rs 100 crore for setting up a nickel plant in Maharashtra with a capacity to produce 1,200 tonnes of the metal annually. Spread across 17 acres of land, the upcoming facility at Palghar district of the state will incorporate a plant capable of [...]

IT company Coforge has launched a Gen AI platform designed to build enterprise AI capabilities, a release said on Thursday. Coforge Quasar comes pre-loaded with a set of 100 plus APIs, readily available for integration. "Featuring a modular and scalable architecture, Quasar boasts an array of 100 plus pre-built cognitive and generative use cases, facilitating [...]

Reliance Industries on Wednesday announced that Qatar Investment Authority (QIA), through a wholly-owned subsidiary, will invest Rs 8,278 crore into its retail arm Reliance Retail Ventures Limited (RRVL). "This investment values RRVL at a pre-money equity value of Rs 8.278 lakh crore," Reliance Industries said in a regulatory filing. RRVL, through its subsidiaries and associates, [...]

Hindustan Zinc signs Memorandum of Understanding with CSIR-CIMFR at the inaugural session of its 5-day long ‘One Week One Lab’ program, the brainchild of f Union Science and Technology Minister Dr Jitendra Singh • Along with various other mining giants, this MoU will develop and deliver sustainable cutting-edge technologies for social upliftment and industrial advancement [...]

The CBI has registered two separate cases against Varun Industries for alleged bank fraud of more than Rs 388 crore, officials said Wednesday. The company, its promoters and directors Kailash Agarwal and Kiran Mehta were booked in the two fresh cases registered on separate complaints from the Central Bank of India and Canara Bank, they [...]

Realty firm Shriram Properties Ltd (SPL) and ASK Property Fund on Wednesday announced a joint investment of Rs 206 crore in a residential project in Chennai. The joint investment is "towards 100 per cent of development rights in an ongoing project in Chennai, through SPL's wholly owned subsidiary Shrivision Elevations Pvt Ltd." The project acquisition [...]

India's top gas firm GAIL (India) Ltd plans to invest Rs 30,000 crore in the next three years as it expands petrochemical capacity and scouts for LNG supplies globally, its chairman Sandeep Kumar Gupta said on Wednesday. The nation's top gas marketing and transportation firm is looking at liquefied natural gas (LNG) as a transport [...]

JB Chemicals & Pharmaceuticals on Wednesday said it has received approval from the US health regulator to market a generic product, used to treat mood disorders, in the American market. The company has received approval from the US Food and Drug Administration to market Doxepin Hydrochloride capsules in strengths of 10 mg, 25 mg, 50 [...]

Shares of TVS Supply Chain Solutions Ltd, part of TVS Mobility Group, began the trade with a premium of over 5 per cent against the issue price of Rs 197 on its debut trade on Wednesday. The stock listed at Rs 206.30, up 4.72 per cent from the issue price on the BSE. It later [...]

Shares of Jio Financial Services Ltd, the demerged financial services unit of Reliance Industries, fell by 5 per cent on Wednesday to hit its lower circuit limit for the third day running. The stock declined 5 per cent to hit its lower circuit limit of Rs 227.25 on the BSE. At the NSE, it fell [...]

State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) on Wednesday said it has successfully manufactured the first set of indigenous SCR Catalysts for limiting NOx emissions from thermal power plants. These selective catalyst reactors (SCR) were hitherto being imported and this is a significant milestone under the 'Make in India' initiative of the government, a [...]

The Initial Public Offering (IPO) of stainless steel flexible hose manufacturer Aeroflex Industries was subscribed 6.69 times on the first day of subscription on Tuesday. The Rs 351 crore IPO received bids for 15,52,35,730 shares against 2,32,17,667 shares on offer, as per NSE data. The category for non-institutional investors received 14.05 times subscription while the [...]

Leading stock exchange BSE on Tuesday postponed the removal of Jio Financial Services Ltd, the demerged non-banking financial services unit of Mukesh Ambani-led Reliance group, from all the S&P BSE Indices to August 29. Earlier, the stock was scheduled to be removed from the indices on August 24. Jio Financial Services Ltd (JFSL) got listed [...]

State-owned Power Finance Corporation (PFC) will seek shareholders' approval for the issuance of bonus shares by capitalising up to Rs 660.02 crore in its securities premium account. PFC has proposed to issue bonus shares by capitalising securities premium accounts to the extent that each shareholder is entitled to a new equity share of Rs 10 [...]

Bharat Petroleum, the second-largest Indian Oil Marketing Company and one of the premier integrated energy companies in India, has unveiled, cricketing legend and current Head Coach of the Indian cricket team, Rahul Dravid as its new brand ambassador. This incredible partnership underscores our unwavering commitment to quality, authenticity, and excellence. Rahul Dravid's remarkable sportsmanship, role [...]

Debt-ridden telecom operator Vodafone Idea plans to clear about Rs 2,400 crore of dues to the government by September, sources privy to the development said. The company recently cleared pending dues of licence fees and spectrum usage charges of about Rs 450 crore for the March quarter of 2022-23, a source told PTI. "Vodafone Idea [...]

Drug firm Glenmark Pharmaceuticals said it has entered into a pact with the US Department of Justice, Antitrust Division (DOJ) to resolve court proceedings related to the pricing of a drug. US-based Glenmark Pharmaceuticals Inc, a subsidiary of the company, has entered into a three-year deferred prosecution agreement with DOJ involving historical pricing practices by [...]

Realty firm Brigade Enterprises Ltd has acquired a 6.54-acre land parcel in Chennai from Pfizer Healthcare India for nearly Rs 139 crore to develop a residential project. The company has entered into a sale deed on Monday for acquiring 6.54 acres of land parcel located at Rajiv Gandhi Salai (Old Mahabalipuram Road), Sholinganallur, Chennai. In [...]

German luxury sports car maker Porsche AG expects around 80 per cent of its sales in India to come from fully electrified vehicles by 2030 and is lining up three such new vehicles to be introduced here early next year, a senior company official said on Tuesday. The company, which sells a range of luxury [...]

Shares of Adani Enterprises Ltd climbed over 3 per cent on Tuesday after billionaire Gautam Adani-led promoter group increased its stake in the flagship firm. The stock gained 3.10 per cent to Rs 2,720.65 on the BSE. At the NSE, it climbed 3 per cent to Rs 2,721. In terms of traded volume, 1.12 lakh [...]

Life Insurance Corporation (LIC) on Tuesday said it has acquired a 6.66 per cent stake in Jio Financial Services, the demerged non-banking financial services unit of the Mukesh Ambani-led Reliance group. "... Corporation has acquired 6.660 per cent shareholding in 'Jio Financial Services Ltd' through demerger action by 'Reliance Industries Ltd'," LIC said in a [...]

Multi-speciality hospital chain Jupiter Life Line Hospitals has mobilised Rs 123 crore from institutional investors in the pre-IPO (initial public offering) round.  In addition, the company has received capital markets regulator Sebi's go-ahead to raise funds through its IPO. It received Sebi's observation letter on August 11, an update with the regulator showed on Tuesday. [...]

Diversified group L&T on Monday said it has secured a "significant" order from Perdaman Chemicals & Fertilisers to build a 2.3 million tonne urea plant in Australia. On completion, this facility will be the largest urea plant in Australia and one of the largest in the world, the company said. Without disclosing the deal value, [...]

State-owned hydro power giant NHPC has inked an initial pact with RITES to construct railway siding for a 2,880 MW Dibang multipurpose project in Arunachal Pradesh. "NHPC signed an MoU with RITES for Construction of Railway Siding at Pasighat (Arunachal Pradesh) for NHPC’s 2,880 MW Dibang Multi Purpose Project at NHPC Corporate Office on 21st [...]

Global integrated logistics operator Maersk on Monday said it is planning to add more than 300 electric vehicles to its fleet in India by October. Maersk has already deployed over 200 Electric Vehicles (EVs) across 15 cities in the country, and is planning to expand to another 11 cities, taking its overall EV fleet to [...]

Chennai-based Casagrand on Monday said it plans to invest Rs 8,000 crore to develop realty projects in Maharashtra over the next three years. The company said it plans to develop 20 million square feet in Mumbai and Pune as part of its expansion plan. It, however, did not share any specific detail on the plans. [...]

Tata Power Renewable Energy Limited (TPREL) on Monday said it will supply 9 megawatts of green energy to Tata Motors' plant in Pantnagar as part of an agreement. A power purchase agreement (PPA) has been signed with Tata Motors Limited Pantnagar plant in Uttarakhand, Tata Power said in a statement. The project will be commissioned [...]

Global engineering and product development digital services firm Tata Technologies Ltd on Monday said it has joined a worldwide development partnership of car manufacturers, suppliers, and other firms -- AUTOSAR -- as a premium partner. AUTOSAR has more than 280 partners, including BMW, Volkswagen, Toyota Motor Corporation, Ford, GM, DaimlerChrysler, PSA, Toyota, Bosch, Siemens, Peugeot [...]

Hyderabad-based multi-brand mobiles retail chain Big-C mobiles has set a target of Rs 1,500 crore as turnover in the current financial year, said company's founder, chairman and managing director M Balu Chowdary. The company had achieved Rs 1,000 crore turnover in FY2022-23. Big-C mobiles, which currently has 250 outlets across Telangana, Andhra Pradesh and Tamil [...]

Speciality chemicals maker Vipul Organics on Monday said it has entered into the paper segment with products like colourants, dispersions and dyes. “With so much excitement in the category, it was obvious that we had to seriously look at the paper business. We were gratified by the client response and are already working with the [...]

Sunsure Energy Sunsure Energy is one of India's largest C&I-focused Renewable Energy Power Producers. Sunsure is backed by Partners Group AG with a $400 million equity investment for developing over 3 GW of RE assets by 2027. Founded in 2015, Sunsure has developed and installed solar power plants for power-intensive industrial customers across 16 Indian [...]

Online food ordering and delivery platform Zomato on Monday said it has partnered with Battery Smart to provide battery-swapping access to its delivery partners on the latter's network. Under the partnership, Zomato's delivery partners can get access to Battery Smart's existing network of over 800 swap stations across more than 30 cities, the company said [...]

Recycling company Vikas Ecotech on Monday said it has paid Rs 101 crore dues to its lenders and is aiming to become debt-free by the financial year 2023-24. "The company has till date paid a debt of Rs 1012 million (Rs 101.2 crore) to its lenders and the outstanding amount remains at Rs 600 million [...]

Engineering, procurement and construction (EPC) firm Vishnu Prakash R Punglia Ltd on Monday said it has fixed a price band of Rs 94-99 per share for its Rs 309-crore initial public offering (IPO). The maiden public issue will open on August 24 and conclude on August 28, the company said. The IPO comprises a fresh [...]

ReNew Energy Global Plc on Saturday reported a net profit of Rs 298.3 crore in the April-June quarter of 2023-24 against a loss of Rs 10.4 crore in the year-ago period. Total income was Rs 2,465.9 crore in the first quarter of FY24 against Rs 2,500.7 crore in April-June 2022, according to a company statement. [...]

Adani Electricity Mumbai is investing over Rs 2,000 crore to build two new transmissions lines in the city to strengthen its network as it moves closer to go greener by sourcing as much as 60 per cent of the energy needed for the city from renewables by 2027, a senior company official said. The two [...]

Shares of Jio Financial Services, the demerged financial services unit of Reliance Industries, were listed on the bourses on Monday, with the stock falling nearly 5 per cent on the NSE later in the trade. On the BSE, shares of the company began the trade at Rs 265, up 1.20 per cent against Rs 261.85, [...]

Global Fintech Festival (GFF) organisers on Friday said they are aiming to facilitate funding of over USD 10 million or Rs. 83.1 crore at the upcoming event in the financial capital. This funding target is for startups alone and excludes growth-stage companies which will initiate conversations with investors at the three-day GFF starting from September [...]

Concord is among leading manufacturers of fermentation-based biopharmaceutical active pharmaceutical ingredients (API), focused on niche segments such as immunosuppressant, oncology, antifungal and antibacterial. The company, which has 23 API products, has three manufacturing facilities at Valthera, Dholka, and Limbasi, in Gujarat. Shares of Concord Biotech ended with a premium of over 27% against the issue [...]

The All India Council for Technical Education (AICTE) has partnered with Jio Institute for a faculty development programme on Artificial Intelligence (AI) and Data Science, according to a release. Jio Institute, known for its AI and DS programme, will serve as the host institution for the five-day residential faculty development programme. AICTE has collaborated with [...]

Jio Financial Services, the demerged financial services unit of Reliance Industries, will be listed on bourses on August 21, according to an exchange notification. Jio Financial Services Ltd (JFSL) demerged from Reliance last month and is currently listed under a dummy ticker after its price discovery at Rs 261.85 but there is no trading happening [...]

Venus Remedies is a business that manufactures medications. The business offers formulations for oncological treatments and antibiotics. Pharma major Venus Remedies Ltd on Friday said it has launched its flagship R&D drug, Elores, in the USD 1.4-billion pharmaceutical market in Oman. "Clinically proven to be one of the best drugs against ICU infections caused by [...]

Godrej Agrovet Limited (GAVL) is a diversified, research and development-focused food and agri-business conglomerate, dedicated to improving the productivity of Indian farmers by innovating products and services that sustainably increase crop and livestock yields. GAVL holds leading market positions in the different businesses it operates - animal feed, crop protection, oil palm, dairy, poultry and [...]

State-owned SJVN Ltd has inked two pacts with Punjab State Power Corporation Ltd (PSPCL) to supply 1,200 MW of solar power from its projects, Punjab Chief Minister Bhagwant Mann said here on Thursday. Satluj Jal Vidyut Nigam signed two power purchase agreements (PPAs) for 1,200 MW of solar power recently. PSPCL had floated tenders for [...]

Mahindra & Mahindra Ltd on Friday said it has been imposed a penalty of over Rs 14.3 lakh for incorrect input tax credit availed during the transition from the excise regime to the GST regime by erstwhile Mahindra Vehicle Manufacturers Ltd, which has since been merged into it. In a regulatory filing, the company said, [...]

Jalgaon is home to the global conglomerate known as Jain Irrigation Systems, or Jains. It creates, produces, provides support for, and markets a variety of goods, including drip and sprinkler irrigation systems.  Jain Irrigation Systems (JIS) on Thursday said it is planning to raise around Rs 200 crore through preferential allotment of equity share warrants. [...]

A mining and power generation firm, NLC India Ltd. (NLC) is a government of India enterprise. It runs open-pit lignite mines and generates electricity from coal, lignite, and renewable energy sources like the sun and wind. The NLC India on Thursday inked a pact with Rajasthan Urja Vikas Nigam for the supply of 300 MW [...]

ICRA Ltd is a credit rating and investment information company that is independent and qualified. Three business segments make up the company's operations: knowledge and market services, consulting services, and rating, research, and other services.  Corporate hospitals are set to clock an 8-10 per cent revenue growth and strong margins in the current fiscal, ICRA [...]

Pyramid Technoplast Ltd allotted 16,59,600 shares to four anchor investors at Rs. 166 per share Mr. Bijaykumar Agarwal, Chairman and Managing Director of Pyramid Technoplast Ltd Mumbai (Maharashtra) [India], August 17: Pyramid Technoplast Limited has raised Rs. 27.54 crore from four anchor investors a day before its public issue opens for subscription. Company allotted 16,59,600 [...]

SEBI on Thursday extended the auction of 15 properties belonging to seven companies, including Sunheaven Agro India and RaviKiran Realty India, along with that of promoters and directors, to August 31 to recover money illegally collected from investors. The other firms whose properties will be auctioned are: Infocare Infra, Bharat Krishi Samridhi Industries Ltd, GSHP [...]

Betting big on the growing electric vehicle market in India, luxury car maker Mercedes-Benz is expecting its EV portfolio (present and future) to make up 25 % of its total car sales in the next three years, growing from the current levels of 3-4%. Mercedes-Benz on Thursday launched the GLC, its new petrol/diesel SUV, in [...]

Adani Group of Companies’ shares have been having a rough time of slumps and volatility and negative press and investor sentiment as uncertainty builds over SEBI registration. Amidst the chaos, on Thursday the shares of Adani Power climbed over 2% after US-based boutique investment firm GQG Partners along with other investors bought an 8.1% stake [...]

PSU Oil and Natural Gas Corporation (ONGC) is investing Rs 1 lakh crore by the end of this decade in low-carbon energy opportunities, including renewables and green hydrogen as it looks to transform into a low-carbon energy player. The company stated it is aligned with the nation's goal to cut carbon emissions by 1 billion [...]

Godrej Properties' net debt rose 45% QoQ in Q1 ‘24 to Rs 5,298 crore and debt-equity ratio stands at 0.56. owing to aggressive land purchase across major cities, stated an investor presentation.  Since April last year, Godrej Properties has been aggressive in new business development under which the company is purchasing land outright and also [...]

HDFC Group on Thursday announced the launch of its life insurance and asset management services at International Financial Services Centre (IFSC) in Gujarat's GIFT City. Gujarat International Finance Tec-City is a central business district under construction in Gandhinagar district in Gujarat, India and is India's first operational greenfield smart city and international financial services centre. [...]

Promoter JSW Investments on Wednesday pared a 1.27 per cent stake in JSW Energy for Rs 717 crore through open market transactions. GQG Partners, Washington State Investment Board, AustralianSuper, Reliance Trust Institutional Retirement Trust Series Twelve, Witan Investment Trust Plc, and Alliance Trust Plc, among others, were the buyers of the shares of JSW Energy. [...]