On November 29, 2024, Zydus Wellness Ltd. finalised the acquisition of a 98.14% stake in Naturell (India) Pvt. Ltd., as per its exchange filing. The company is in the process of purchasing the remaining 1.86% stake and anticipates completing the transaction soon. This acquisition marks a step in Zydus Wellness’ expansion into the healthy snacks …
Adani Ports and Special Economic Zone Limited (APSEZ) released its monthly business update for November 2024. The total cargo handled during the month amounted to 36 million metric tons (MMT), reflecting a 21% year-on-year (YoY) increase, driven primarily by containers. For the year-to-date (YTD) period ending November 2024, APSEZ handled a total of 293.7 MMT …
Greaves Cotton Limited’s board has approved the Initial Public Offering (IPO) of its subsidiary, Greaves Electric Mobility Limited (GEML). This approval was granted on December 1, 2024, pending shareholder approval from GEML. IPO Structure and Details The IPO will consist of two components: a fresh issue of equity shares and an offer for sale (OFS) …
The Ministry of Coal achieved a significant milestone in November 2024, with coal production reaching 90.62 million tonnes (MT) on a provisional basis. This marks a notable 7.20% increase compared to the 84.52 MT produced in November 2023. Strong Performance from Captive and Other Entities Coal production from captive and other entities has shown exceptional …
Mahindra & Mahindra (M&M) and Hero MotoCorp are two of India’s top auto manufacturers. M&M has gained attention for its new electric vehicle (EV) models, while Hero MotoCorp has seen growth thanks to strong quarterly performance despite external challenges. Let’s dive into the performance, product pipelines, and outlook for these 2 auto giants. Q2FY25 Earnings …
The share price of Laurus Labs surged to a fresh 52-week high of ₹581.70 on Monday, December 2, 2024. The stock opened at ₹564 on the NSE, slightly lower than its previous close of ₹567.15. Notably, the day’s opening price also marked the lowest point of the session. Currently trading at ₹580.45, the stock has …
Life Insurance Corporation of India (LIC), owned by the Government of India, stands as the largest life insurance company in the country with a legacy spanning over 65 years. LIC’s performance in the stock market has garnered attention recently, reflecting positive sentiment among investors. LIC Share Price Movement on December 2, 2024 On Monday, December …
Cipla Ltd., a name synonymous with quality pharmaceuticals, has been at the forefront of innovation and healthcare solutions since its inception. Founded by the late Dr. K. A. Hamied and currently led by Dr. Y. K. Hamied, the company has carved a niche globally with a robust portfolio and diversified market presence. On December 2, …
KPI Green Energy Limited has announced a significant win with its successful bid for Coal India Limited’s (CIL) tender. The project involves the development of a 300 MWAC ground-mounted solar photovoltaic (PV) plant at GIPCL’s Solar Park in Khavda, Gujarat. The company will also oversee its operations and maintenance (O&M) for five years. This achievement …
On December 01, 2024, Biocon Biologics, a subsidiary of Biocon Ltd, announced that its biosimilar YESINTEK (Ustekinumab-kfce) received USFDA approval for treating Crohn’s disease, psoriasis, and psoriatic arthritis. FDA Approval and Product Overview Biocon Biologics Ltd, a subsidiary of Biocon Ltd, announced that the U.S. Food and Drug Administration (FDA) has approved YESINTEK (Ustekinumab-kfce), a …
