Overview of the Penalty Order Suzlon Energy Limited recently announced that the Office of the Commissioner of Customs has imposed substantial penalties on the company. This notification was formally communicated to the National Stock Exchange of India Limited and BSE Limited on July 16, 2024. The company plans to appeal against the order. Details of …
On July 16, 2024, CRISIL Ltd announced in a stock exchange filing that the company’s board had approved the unaudited financial results for the second quarter ended June 30, 2024 (Q2 2024). CRISIL’s consolidated income from operations increased by 3.4% to ₹797.4 crore in Q2 2024, compared to ₹771.0 crore in the same quarter last …
In the stock market world, promoter confidence can be a strong indicator of a company’s potential for growth and stability. When promoters—the key stakeholders and often founders—increase their stake in a company, it often signals their belief in the company’s future prospects. Let’s explore some companies where promoters have demonstrated increased confidence by raising their …
Industry leader Fischer Medical Ventures Ltd (Fischer MV) and Nanyang Biologics (NYB), a rising star in drug discovery, have joined forces to revolutionise the healthcare landscape. This strategic partnership, announced on July 16, 2024, signifies a commitment to delivering innovative, evidence-based solutions that promote holistic health and well-being. Fischer MV, formerly Fischer Chemic Ltd, is …
On July 16, 2024, Rites Ltd, a leading engineering consultancy firm in India, secured a significant contract from the Public Works Roads Department (PWRD) of the Assam government. The project involves providing consultancy services for third-party monitoring and quality control of 47 roads spanning a total length of 996.7 kilometers across Assam. This project falls …
On July 16, 2024, RateGain Travel Technologies Limited announced a new partnership in a stock exchange filing. Its airline pricing solution, AirGain, has teamed up with Hahnair, a well-known German airline specialising in comprehensive ticketing and distribution services. This collaboration aims to enhance Hahnair’s airline distribution by integrating AirGain’s advanced pricing intelligence technology with Hahnair’s …
The Indian Renewable Energy Development Agency (Ireda) is charting a course for ambitious expansion. Led by Chairman and Managing Director (CMD) Pradip Kumar Das, the company is pursuing a multi-pronged strategy that involves a follow-on public offer (FPO), cost-cutting measures, and potential benefits from a green bond market. Ireda’s primary goal is to achieve a …
In a strategic move to sharpen its focus on core categories, Hindustan Unilever Ltd. (HUL) announced the sale of its water purification business, operated under the popular brand Pureit, to A. O. Smith India Water Products Private Limited on July 15, 2024. The deal encompasses the entire Pureit brand, including trademarks, copyrights, and other intellectual …
Birla Estates Pvt. Ltd, a subsidiary of Century Textiles and Industries Limited and the real estate arm of the Aditya Birla Group, is poised for significant growth in the National Capital Region (NCR) with a strategic land acquisition in Gurugram’s Sector 71. This 5-acre prime parcel boasts a development potential of around 10 lakh square …
On July 15, 2024, Kellton Tech Solutions Ltd, a global leader in digital transformation, announced its results for the quarter ended June 30, 2024 (Q1 FY2025). The company recorded growth in its operational and financial performance during the period. Financial Performance Total revenue for the quarter amounted to ₹ 2,624 million as compared to ₹ …
