Bharti Airtel announced that it has prepaid ₹5,985 crore to the Department of Telecommunications (DoT), settling its high-cost spectrum liabilities related to the 2024 auctions. These liabilities carried an interest rate of 8.65%. This payment is part of the company’s ongoing plan to reduce its overall debt burden and lower financing costs. As of 1:03 …
Sunteck Realty share price are being closely watched today. Yesterday, the company announced its decision to invest in its subsidiary. The investment will be in Sunteck Lifestyle International Private Limited (SLIPL). The amount is expected to be between $10 and $20 million. This will be done either via equity/preference shares or convertible securities. Investment in Wholly …
Wardwizard Innovations & Mobility Limited, known for its electric vehicle brands Joy e-bike and Joy e-rik, is amplifying its presence in India’s EV ecosystem. The company recently announced the deployment of 400 electric two-wheelers across Kolkata, Pune, and Ahmedabad, following a successful pilot run of 100 vehicles in Hyderabad. This move is part of its …
Winsol Engineers Limited has announced 2 notable updates this March, reflecting its ambitions to scale both internationally and within India. The company has established a new foreign subsidiary in Zambia and secured a domestic contract valued at over ₹2.52 crore, marking a step forward in its strategic roadmap. Overseas Expansion: New Subsidiary in Zambia Winsol …
KBC Global Limited has recently withdrawn the previously announced record date for its bonus share issue. The company had earlier set March 28, 2025, as the cut-off date for determining shareholder eligibility for the bonus shares. However, in a recent regulatory filing, KBC Global stated that this date has been cancelled and a revised record …
Welspun Enterprises has secured a significant infrastructure contract through its subsidiary, Welspun Michigan Engineers (WMEL). The ₹79.29 crore order from the Vadodara Municipal Corporation (VMC) involves the rehabilitation of an existing drainage system. WMEL Bags Key Infrastructure Project in Vadodara Welspun Enterprises witnessed a 1% rise in its stock price to ₹506 after its subsidiary, …
The Indian Hotels Company Limited (IHCL) has made a strategic investment by injecting $9 million into its wholly owned subsidiary, IHOCO BV, based in the Netherlands. The move aligns with IHCL’s financial restructuring and expansion plans, ensuring long-term operational stability. Investment Details and Purpose On 26 March 2025, IHCL completed an equity infusion of $9 …
Sterlite Technologies (STL) has announced a strategic partnership with Wyre to support the development of a high-speed Fibre-to-the-Home (FTTH) network across Flanders and Brussels in Belgium. This collaboration aims to enhance broadband connectivity while minimising construction disruptions through efficient deployment strategies. Wyre’s Collaborative Approach to Fibre Expansion Wyre follows a partnership-driven approach to deploying fibre …
Piramal Enterprises Ltd (PEL) has injected ₹600 crore into its wholly owned subsidiary, Piramal Finance Ltd (PFL), through a rights issue. This strategic investment, disclosed in a regulatory filing on 26 March 2025, aims to strengthen PFL’s financial position and support its business growth. Capital Injection and Shareholding Structure PEL’s ₹600 crore infusion into PFL …
State-owned NBCC India Limited has entered into a strategic partnership with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) to jointly execute large-scale infrastructure projects across Maharashtra. The memorandum of understanding (MoU), signed on 26 March 2025, marks NBCC’s significant expansion into Maharashtra’s redevelopment sector, building upon its expertise in urban transformation projects. This …
