On August 5, 2024, Brigade Group announced that its wholly owned subsidiary, Brigade Tetrarch Private Limited, has signed a Limited Liability Partnership (LLP) agreement to develop a 1.4 million square feet office space. This new commercial development is projected to generate an annual lease income of approximately ₹100 crore, with a total investment of around …
Motherson Sumi Wiring India Limited (MSWIL) reported its financial results for the first quarter of the fiscal year 2024-25, which concluded on 30th June 2024. In the first quarter of FY25, Motherson Sumi Wiring India Limited (MSWIL) reported revenues of ₹2,185 crore, marking a 17% year-over-year growth. The EBITDA stood at ₹239 crore, up by …
On August 06, 2024, Adani Energy Solutions Limited (AESL) announced the successful completion of its ₹8,373 crore ($1 billion) Qualified Institutional Placement (QIP), the largest in India’s power sector. This achievement highlights AESL’s leadership in India’s energy transition and investors’ confidence in the power sector’s future. This QIP is AESL’s first equity raise since its …
IndiGo is one of the fastest-growing low-cost carriers globally. IndiGo follows a straightforward philosophy: to provide affordable fares, punctual flights, and a pleasant and stress-free travel experience throughout its extensive network. With a fleet of 350 aircraft, the airline operates over 200 daily flights, connecting more than 80 domestic destinations and over 30 international destinations. …
Shares of Indian Railway Public Sector Undertakings (PSUs) are facing a significant downturn, with IRFC, RVNL, IRCON, and others experiencing losses of 4-5% on Monday. This decline is in sync with a broader global market sell-off that has impacted Indian equities. The current slump marks a sharp reversal from the peak performance these stocks enjoyed …
On August 5, 2024, Vijaya Diagnostic Centre Limited, a top integrated diagnostic chain in India, released its financial results for the quarter ending June 30, 2024. In Q1 FY25, Vijaya Diagnostic Centre reported revenue of ₹1,562.2 million, a 29.1% increase compared to ₹1,210.5 million in Q1 FY24 and a slight 0.7% rise from ₹1,552.1 million …
On August 5, 2024, Insolation Energy Limited (IEL) announced significant developments in its solar power project portfolio. The company’s subsidiary, Insolation Green Infra Pvt Ltd, has signed a Memorandum of Understanding (MoU) with Ganesh Décor India Pvt Ltd. The MoU is for a major solar power project under the KUSUM C scheme in Rajasthan. The …
On August 5, 2024, Devyani International Limited (DIL) announced its financial results for the quarter ended June 30, 2024. For Q1 2025, DIL reported operating revenues of ₹12.2 billion, reflecting a strong quarter-over-quarter growth of 16.7%. Consolidated EBITDA for the quarter reached ₹2.2 billion, with margins improving to 18.3%, up 1.7% from the previous quarter. …
On August 05, 2024, Mastek announced that the first phase of London Metropolitan University’s People and Finance Digital Transformation programme has gone live. This marks a significant milestone in the university’s efforts to modernise its back-office operations and enhance digital capabilities with Oracle Cloud solutions. In May 2024, the university successfully delivered the first phase …
TIL Limited announced a new partnership with Snorkel Europe Limited in a stock exchange filing. Under this agreement, Snorkel will supply its extensive range of products and offer expertise and support. The company will become the official Sales and Service partner for Northern and Eastern India, the Andaman and Nicobar Islands, Nepal, and Bhutan. At …
