IndusInd International Holdings Limited (IIHL) has recently announced that it deposited Rs.2,750 crore into the escrow account designated by the Committee of Creditors (CoC) and Vistra. This deposit was made a day before the August 10 deadline set by the National Company Law Tribunal (NCLT). It was important for the ongoing insolvency resolution of Reliance …
In a significant financial sector development, CVC Capital Partners, a global private equity giant, has announced a major acquisition in India. The firm is set to take control of Aavas Financiers, a leading non-banking financial company (NBFC) specializing in affordable housing loans. This acquisition not only marks a milestone for CVC Capital but also highlights …
Third Consecutive Day of Gains for Suzlon Energy Suzlon Energy Ltd., one of India’s leading wind turbine manufacturers, has achieved a significant milestone by crossing a market capitalization of Rs 1 lakh crore. The stock has been on a winning streak, gaining for the third consecutive day. On Friday, Suzlon’s shares surged by 5%, marking …
Established in 1978 as a partnership firm, Paramount Communications Ltd. was named after Shyam Sunder Aggarwal and operated under the name and style of Paramount Cable Corporation. In 1985, Paramount Communications Ltd. was converted into a private limited company and continued to grow under the leadership of Shyam Sunder Aggarwal. The company expanded its operations …
Bajaj Finance, India’s largest consumer finance non-banking financial company (NBFC) with assets under management of Rs.3.54 lakh crore, has been issued a show-cause notice by the Directorate General of Goods and Services Tax Intelligence (DGGI). The notice, dated August 3, 2024, alleges that Bajaj Finance evaded Rs.341 crore in taxes by misclassifying a taxable service …
From Humble Beginnings to Global Giant Established in 1978 in Hyderabad, Gland Pharma has evolved from a contract manufacturer of small-volume liquid parenteral products to one of the largest injectable-focused companies globally. Its remarkable journey has led to a robust presence in over 60 countries, including the United States, Europe, Canada, Australia, India, and other …
Barbeque-Nation Hospitality Limited, one of the leading casual dining chains in India announced the acquisition of an additional 4.14% stake in its subsidiary, Red Apple Kitchen Consultancy Private Limited yesterday. This acquisition was approved by the Board of Directors and involved the purchase of 270 equity shares, each with a face value of Rs.100, at …
Sansera Engineering Limited was incorporated in 1981 in Bengaluru and started commercial production of passenger vehicle components in 1986. The company expanded its precision component manufacturing business organically in India by initiating supplies to the two-wheeler vertical in 1996, off-road vehicles in 2009, and light commercial vehicles in 2011. In 2013, a manufacturing facility dedicated …
Uno Minda Limited (formerly Minda Industries Limited), a leading supplier of automotive systems, has signed a Technical License Agreement (TLA) with Aisin Corporation, Japan. This agreement allows Uno Minda to manufacture and sell sunroofs. Established in 1965, Aisin is a global supplier of automotive components and technologies, with consolidated sales of 4,910 billion JPY for …
IndusInd Bank has introduced the ‘PIONEER Private Program,’ a new service offering customised financial solutions for High-Net-Worth Individuals (HNWIs). This program represents a significant advancement in the bank’s dedication to providing personalised service to this elite client group. The PIONEER Private Program delivers a range of tailored financial solutions designed specifically for HNWIs and Ultra-High-Net-Worth …
