On March 21, 2025, Reliance Industries Limited (RIL), through its step-down wholly-owned subsidiary Nauyaan Tradings Private Limited (NTPL), completed the acquisition of a 74% equity stake in Nauyaan Shipyard Private Limited (NSPL). The stake was purchased from Welspun Corp Limited for a total consideration of ₹382.73 crore. With this transaction, NSPL has become a step-down …
On March 24, 2025, Indian equity benchmark indices continued their upward momentum. The Nifty 50 traded above the 23,600 mark, while the Sensex surged over 1%, rising by 830 points by mid-morning. Among sectoral performers, the BSE Oil & Gas index stood out, gaining over 1.5% as of 11:40 AM. Notably, all constituents were trading …
Biocon Ltd. announced on March 24, 2025, that its subsidiary, Biocon Pharma, received approval from the U.S. Food and Drug Administration (USFDA) for its ANDA (Abbreviated New Drug Application) of Norepinephrine Bitartrate Injection USP. The injection is used to raise blood pressure in adult patients experiencing acute hypotension. The approved product is a 4 mg/4 …
According to a news report, Avenue Supermarts Ltd, the company behind India’s prominent hypermarket chain DMart, has inked a 29-year 11-month lease for 35,000 sq ft of retail space at the Migsun Mi Gente Mall located in Raj Nagar Extension, Ghaziabad. The deal is reportedly valued at ₹21 lakh per month, reinforcing DMart’s expansion strategy …
With Monday, March 24, marking the end of shareholder lock-in periods for multiple recently listed companies, a total of 20 crore shares across 8 companies are set to become eligible for trading. While this development opens up the possibility for fresh supply in the market, it’s important to clarify that eligibility does not automatically mean …
Lemon Tree Hotels has announced the signing of two new properties under the Keys Select brand, located in Vrindavan, Uttar Pradesh, and Navsari, Gujarat. Both hotels will be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels. The Vrindavan property, expected to open in FY 2026, will feature 54 rooms, …
Ola Electric has officially commenced deliveries of its S1 Gen 3 scooter portfolio across India. Following a successful launch, customers can now experience the next generation of electric vehicle (EV) technology. The S1 Gen 3 lineup includes the flagship S1 Pro+, along with S1 Pro and S1 X. These scooters are now available through Ola …
Dr. Reddy’s Laboratories Limited announced that its U.S. subsidiary, Dr. Reddy’s Laboratories Inc., has successfully sold all issued and outstanding membership interests in Dr. Reddy’s Laboratories Louisiana LLC. This sale includes its manufacturing facility in Shreveport, Louisiana, and was completed on March 21, 2025. Impact of the Sale Following the transaction, Dr. Reddy’s Laboratories Louisiana …
Poonawalla Fincorp Limited (PFL) has introduced an industry-first AI-powered underwriting solution in collaboration with the Indian Institute of Technology Bombay (IIT Bombay). This innovative system integrates artificial intelligence (AI) with human intelligence to streamline the credit evaluation process, ensuring faster, more accurate, and scalable lending decisions. AI and Machine Learning for Smarter Credit Decisions The …
Garden Reach Shipbuilders & Engineers Ltd (GRSE) has been in focus on Monday. On March 24, 2025, GRSE share price opened at ₹1,701.60, the same as its previous close of ₹1,701.60. At 10:08 AM, the share price of GRSE was trading at ₹1,699.50, down by 0.12% on the NSE. The stock price touched its day’s …
