KBC Global Ltd, a Nashik-based real estate and construction company, has announced a significant equity fundraising initiative through its wholly-owned UK subsidiary, Dharan International Limited (DIL). The total proposed capital raise is £69.975 million (approximately ₹793.75 crore), triggering investor interest and pushing the KBC Global share price over 2 per cent in early trade on …
Varun Beverages reported strong financial results for Q1 CY2025, with revenue increasing by 28.9% year-on-year (YoY) to ₹55,669.4 million, up from ₹43,173.1 million in Q1 CY2024. The company also saw its consolidated sales volume grow by 30.1%, reaching 312.4 million cases in Q1 CY2025, compared to 240.2 million cases in the same period last year. …
Ambuja Cements, part of the Adani Group, has achieved a significant milestone by surpassing 100 million tonnes per annum (MTPA) cement production capacity. This accomplishment positions the company as the ninth-largest cement producer globally. The capacity jump was driven by a series of strategic moves, including the acquisition of Orient Cement and brownfield expansions …
V-Mart Retail Ltd. has informed stock exchanges that its Board of Directors will meet on Thursday, May 2, 2025. One of the key items on the agenda is to consider and approve a proposal for issuing bonus shares. As of 9:53 AM on April 30, 2025, V Mart Retail share price was trading at ₹3,301.40, …
In a notable move set to reshape India’s digital consumption landscape, Free Stream Technologies, Lava International, and Human Mobile Devices (HMD) Global have jointly announced plans to launch Direct-to-Mobile (D2M) phones. This announcement, made just ahead of the World Audio Visual and Entertainment Summit (WAVES) 2025 in Mumbai, signals a fresh chapter in accessible digital …
Endurance Technologies Ltd. plans to set up a new manufacturing unit in Mindewadi, Maval, Pune, Maharashtra. This plant will produce lithium-ion battery Packs that can be used in electric mobility and energy storage systems. Key Investment Details The company will spend around ₹473 million on this project. It will be funded through the company’s own …
DOMS Industries Limited has announced that its Board of Directors has approved the acquisition of an additional 13% stake in Pioneer Stationery Private Limited (Pioneer), a subsidiary of the company. This acquisition will be made from certain existing shareholders, as part of the ongoing strategic expansion of DOMS Industries in the paper stationery market. The …
In a strategic move to broaden its financial services portfolio, MobiKwik has officially established Mobikwik Financial Services Private Limited (MFSPL), a wholly-owned subsidiary aimed at offering comprehensive non-banking financial services. This initiative marks a significant step for the digital payments giant, as it looks to expand its footprint in the financial sector. MobiKwik’s New NBFC …
Bajaj Finserv shares dropped by 6.65% in early trading today, following the release of its earnings for the March quarter. The stock fell to ₹1,942.15, compared to the previous day’s close of ₹2,065. The company’s market cap stood at ₹3.10 lakh crore. Earnings Overview For the March quarter, Bajaj Finserv reported a 14% increase in …
Sumant Kathpalia has resigned as Managing Director and CEO of IndusInd Bank with effect from the close of business hours on April 29, 2025. In his resignation letter, he cited the ongoing issue related to the accounting of internal derivative trades and said he was stepping down, taking moral responsibility. Accounting Discrepancy and Impact IndusInd …
