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Cipla Deepens Strategic Partnership with Achira Labs For an Investment of ₹26 Crore

Cipla Deepens Strategic Partnership with Achira Labs For an Investment of ₹26 Crore

16 May 2024

Cipla Limited, a leading pharmaceutical player in India, announced a significant investment in its associate company, Achira Labs Private Limited. This strategic move underscores Cipla’s commitment to advancing Point-of-Care (PoC) diagnostic solutions in India. Strengthening the Partnership for Broader PoC Diagnostics Focus On May 15, 2024, Cipla entered into definitive agreements to invest up to …

Adani Energy Solutions Ltd Expands Portfolio with Essar Transco Ltd Acquisition

Adani Energy Solutions Ltd Expands Portfolio with Essar Transco Ltd Acquisition

16 May 2024

On May 16, 2024, Adani Energy Solutions Ltd (AESL) informed the exchanges that through its subsidiary, Adani Transmission Step-Two Limited (ATSTL), it had acquired a 100% stake in Essar Transco Limited. The acquisition happened after getting requisite regulatory and other approvals for an Enterprise Value of ₹1,900 crore. The share acquisition is pursuant to definitive …

Lupin Attains ISO 14001 and ISO 45001 Certifications for Indian Facilities

Lupin Attains ISO 14001 and ISO 45001 Certifications for Indian Facilities

16 May 2024

Lupin Limited announced in an exchange filing that all 12 of its manufacturing facilities, its R&D Center, and its corporate office in India have successfully finished strict audits and been certified by DNV for ISO 14001 – Environment Management Systems (EMS) and ISO 45001 – Occupational Health and Safety Management System (OHSMS). This milestone signifies …

REC Ltd Announces Formation of Subsidiaries for Power Transmission Projects in Rajasthan

REC Ltd Announces Formation of Subsidiaries for Power Transmission Projects in Rajasthan

16 May 2024

On May 15, 2024, REC Ltd informed the stock exchanges that the company’s wholly-owned subsidiary, REC Power Development & Consultancy Limited (RECPDCL), had incorporated two wholly-owned subsidiaries, namely Bikaner A Power Transmission Limited and Bikaner B Power Transmission Limited. Bikaner A Power Transmission Limited and Bikaner B Power Transmission Limited were incorporated on May 14, …

Signatureglobal Increased Investment in Gurugram Commercity for Prime Land Development

Signatureglobal Increased Investment in Gurugram Commercity for Prime Land Development

16 May 2024

Signatureglobal (India) Limited, a leading Indian real estate developer, announced a strategic investment in its wholly-owned subsidiary, Gurugram Commercity Private Limited (GCPL). This move strengthens Signatureglobal’s commitment to developing a prime land parcel in Gurugram, Haryana. Meeting Regulatory Requirements and Capitalisation Needs The Board of Directors of Signatureglobal approved an investment of ₹34,74,99,000 in GCPL. …

Mahindra’s XUV 3XO Ignites Record-Setting Demand with Over 50,000 Bookings

Mahindra’s XUV 3XO Ignites Record-Setting Demand with Over 50,000 Bookings

16 May 2024

Mahindra & Mahindra Ltd., a household name in the Indian automotive industry, celebrated a momentous achievement with its newest compact SUV, the XUV 3XO. Within 60 minutes of opening online bookings on May 16th, the XUV 3XO received a staggering over 50,000 reservations, setting an unprecedented record for Mahindra. The XUV 3XO has ignited a …

5.7 Lakh Retail Investors on Edge: Can BCG Stock Plummet to Zero Before Suspension?

5.7 Lakh Retail Investors on Edge: Can BCG Stock Plummet to Zero Before Suspension?

16 May 2024

Retail Investors Stunned: Trading Suspended for Brightcom Group Shares In a gut-wrenching blow to nearly 5.7 lakh retail investors, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) have dealt a heavy-handed decision: the suspension of trading for Brightcom Group (BCG) shares starting June 14. Regulatory Standoff: A Harsh Reality With an air …

Has the Top Formed in Tata Motors?

Has the Top Formed in Tata Motors?

16 May 2024

Market Analysis and Profit-Taking On Wednesday, the NSE benchmark Nifty 50 index traded within a narrow range, marking its narrowest daily range for May, with a meager range of about 146 points. On the daily chart, Nifty formed a bearish candle with minor upper and lower shadows, ending its three-day winning streak with a marginal …

Eicher Motors’ Joint Venture Company VE Commercial Announced JV With iTriangle

Eicher Motors’ Joint Venture Company VE Commercial Announced JV With iTriangle

16 May 2024

On May 15, 2024, iTriangle Infotech, a leading provider of telematics solutions, and VE Commercial Vehicles Ltd (VECV), a joint venture between the Volvo Group and Eicher Motors, solidified their collaboration by finalising agreements to establish a joint venture. This strategic partnership aims to revolutionise the fleet management landscape for the commercial vehicle industry in …

Market Movers: Here Are Today’s High-Volume Buzzers!

Market Movers: Here Are Today’s High-Volume Buzzers!

16 May 2024

Reflecting the resilience in global markets, domestic indices started today’s trading session on a cheerful note, with significant gains in the information technology, telecommunications, and energy sectors. Broader indices also experienced notable investor optimism. With 2,115 shares rising on the BSE and 804 shares declining, the advance-decline ratio strongly remained in favour of advances. At …

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