GMR Airports Infrastructure Limited (GIL) has successfully concluded the merger of GMR Airports Limited (GAL) and GMR Infra Developers Limited (GIDL) into itself, effective April 1, 2023. This strategic move marks the final step in simplifying the company’s corporate structure and positioning GIL as a pure-play airport operator. Strategic Rationale The merger is part of …
Sun Pharmaceutical Industries Ltd. announced today that the U.S. Food and Drug Administration (FDA) has granted approval to LEQSELVI™ (deuruxolitinib) for treating adults with severe alopecia areata. This marks a significant development for the estimated 300,000 Americans living with this autoimmune condition characterised by significant hair loss. Addressing a Growing Need Alopecia areata is a …
As reported in a recent stock exchange filing, KPI Green Energy Limited recently made significant developments in the renewable energy sector. The company has successfully participated in competitive bidding processes for developing Solar and Hybrid Renewable Energy (RE) Projects under two separate tenders issued by GUVNL. The first tender, Tender-I, involves procuring 500 MW grid-connected …
Emcure Pharmaceuticals Ltd and its subsidiary Gennova Biopharmaceuticals Limited have announced a pivotal agreement with Sunsure Energy, one of India’s leading renewable energy providers. The partnership involves a 22.78 MWp DC Solar Power Purchase Agreement (PPA), marking a significant move towards sustainability for both companies. Under this agreement, Emcure and Gennova will source ~36 million …
DLF Ltd announced financial results for Q1 FY 2025. The company stated that it remains on track to achieve its short-term and long-term business goals. In Q1 FY2025, the company reported impressive new sales bookings of ₹6,404 crore, reflecting a year-over-year (YoY) growth of 214%. Consolidated revenue for the quarter was ₹1,730 crore, up by …
Jupiter Wagons Limited, which offers comprehensive mobility solutions including road, rail, and marine transportation, has announced its financial results for Q1 FY 2025. Financial Highlights for Q1 FY2025 The company reported total income for Q1 FY2025 was ₹90,219 lakh, marking a 19.4% increase year-over-year (YoY). EBITDA for Q1 FY2025 reached ₹12,886 lakh, up 32.4% YoY, …
Texmaco Rail & Engineering Limited has announced that it has entered into definitive agreements with JRIL, JITF Urban Infrastructure Services Limited, and Siddeshwari Tradex Private Limited, to acquire 100% of Jindal Rail & Infrastructure Limited (JRIL). The acquisition, valued at ₹615 crore in cash, is subject to closing adjustments as outlined in the agreements. JRIL’s …
On July 25, 2024, Mankind Pharma Limited announced that it had signed a definitive agreement to acquire Bharat Serums and Vaccines Limited (BSV) from Advent International for about ₹13,630 crore, pending closing adjustments. Mankind Pharma will acquire a 100% stake in BSV by purchasing 73,086 equity shares. The acquisition does not qualify as a related …
On July 25, 2024, Cupid Limited, a leading contraceptive and personal wellness brand, announced that it has expanded its online presence on major Indian e-commerce platforms like Amazon, Flipkart, and 1mg. This strategic move aims to make Cupid’s high-quality products more accessible to customers nationwide, emphasising the company’s dedication to health and well-being. Now, consumers …
In the world of investing, certain sectors offer a blend of stability and growth potential that can appeal to seasoned investors and newcomers alike. One such sector is the cement industry. As a fundamental component of construction and infrastructure, cement plays a crucial role in shaping our built environment—from towering skyscrapers and sprawling residential communities …
