Om Freight Forwarders Ltd., a Mumbai-based logistics and freight company, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO). The company was established in 1995 and provides end-to-end logistics services including freight forwarding, customs clearance, warehousing, and distribution. IPO Details The IPO …
Lupin Limited announced that its UK arm, Lupin Healthcare (UK) Ltd, has acquired a 100% stake in Renascience Pharma Limited. The deal is valued at £12.3 million, which is approximately ₹135 crore. Following the transaction, Renascience will operate as a wholly-owned subsidiary of Lupin Healthcare (UK). As of 10:54 am on April 3, Lupin shares price was …
The Indian Navy has signed a ₹270 crore agreement with Kirloskar Oil Engines Ltd (KOEL) for the design and development of a 6 MW medium-speed marine diesel engine. The project falls under the ‘Make-I’ category, where the government will fund 70% of the total cost. The engine will have over 50% indigenous content, as specified …
Medicamen Biotech Limited has announced the signing of a contract manufacturing and development organisation (CDMO) agreement with European pharmaceutical company, XGX Pharma. As part of the contract, Medicamen will develop and manufacture 6 products for XGX Pharma, which will retain the market authorisation rights in Europe. This strategic partnership has sparked investor optimism, leading to a …
On April 2, 2025, U.S. President Donald Trump confirmed a 25% tariff on fully assembled cars imported from India, effective April 3. Additionally, by May 3, a similar tariff on auto parts was expected to be implemented. These tariffs, part of Trump’s broader “Fair and Reciprocal Plan”, were announced at the “Make America Wealthy Again” …
ACME Solar Holdings Limited has secured a long-term project finance facility of ₹2,491 crore to refinance its existing debt and reduce financing costs for its 490 MW operational renewable energy projects in Andhra Pradesh, Rajasthan, and Punjab. Strengthen Credit Profile In the exchange filing, the company stated that the refinancing has been facilitated by the …
Fortis Healthcare Limited has officially acquired ownership of the ‘Fortis’ trademark following a long-standing legal dispute. This acquisition was confirmed by the Delhi High Court on 25 March 2025 after a public auction process. The case, originally linked to an arbitration award in favour of Daiichi Sankyo Company Limited, resulted in the sale of the …
Brightcom group shares have been in a trading suspension for over 9 months now, and there is no clarity on the revocation of the suspension. On April 2, 2025, Brightcom Group released a weekly update wherein it stated that it is difficult to provide an exact timeline for the revocation of trading suspension as the matter is …
GE Power India Limited has successfully secured a significant purchase order worth ₹382 million (excluding 18% GST) from NTPC Limited. This development was disclosed in compliance with SEBI’s regulations, reinforcing the company’s strong presence in India’s power sector. The contract highlights GE Power India’s ongoing commitment to providing advanced energy solutions to major domestic clients. Strategic …
India’s automotive industry has reached a significant milestone in FY25, exporting a record 7.55 to 7.65 lakh passenger vehicles. This represents a 12–14% year-on-year increase compared to 6.72 lakh units shipped in FY24. The surge underscores India’s expanding stature as a key manufacturing and export hub for automobiles. This rise comes amid increasing global recognition …
