Adani Energy Solutions, previously known as Adani Transmission, faced a challenging June quarter with substantial financial losses. Despite robust revenue growth, increased expenses and a significant exceptional cost from divesting the Dahanu Thermal Power Plant impacted the company’s profitability. Financial Performance and Revenue Growth Adani Energy Solutions reported a consolidated loss of Rs 823.92 crore …
On Friday, July 26, a significant transaction took place involving Sobha Ltd, where 47.4 lakh equity shares, representing 5% of the company’s equity worth Rs 865 crore, changed hands at Rs 1,825 per share in a block deal. The official buyers and sellers of this substantial transaction have not been disclosed yet. Involvement of Anamudi …
On July 24, 2024, Flurys, the famous bakery brand from Apeejay Surrendra Park Hotels, opened its first tearoom in Mumbai, close to the Gateway of India. The new tearoom will offer popular dishes like the Flurys full English Breakfast, Egg Benedict, and signature sandwiches, as well as Rum Balls, Heritage Coupes, Sundaes, Chocolate & Strawberry …
Tata Power Company has announced that its wholly owned subsidiary, TP Renewable Microgrid Limited (TPRMG), a leading solar microgrid company in India, has signed a Memorandum of Understanding (MoU) with the National Dairy Development Board (NDDB). NDDB is renowned for its transformative impact on India’s rural economy through its cooperative dairy model. This collaboration aims …
Tata Elxsi has announced to the stock exchanges that it will use Wind River®’s Studio Developer to enhance its DevSecOps processes. This partnership aims to optimise Tata Elxsi’s development workflows and bolster its capabilities in creating software-defined vehicles (SDVs). Wind River Studio Developer is an edge-to-cloud DevSecOps platform designed to expedite the development, deployment, and …
On July 24, 2024, Transindia Real Estate Limited announced that it had acquired a 6.62% stake in AGL Warehousing Private Limited from Contech Solutions Private Limited. As a result, AGL Warehousing has become a wholly-owned subsidiary of Transindia Real Estate Limited. Objective of Acquisition Transindia Real Estate Limited already holds a 93.38% stake in AGL …
About Order GE Power India Limited has announced that it has received a Letter of Intent (LoI) from Gujarat State Electricity Corporation Limited (GSECL) for inspection works on a turbine-generator at the GSECL Wanakbori Thermal Power Station (TPS). The order, valued at Rs 1.75 crore (excluding GST), is a testament to GE Power India’s expertise …
On July 25, 2024, Insolation Energy Ltd (INA) announced its performance for the quarter ended June 30, 2024, in a stock exchange filing. The company has delivered a remarkable performance for the quarter ending June 30, 2024, showcasing an impressive 181.86% year-on-year volume growth on a consolidated basis. The company’s revenues for Q1 of FY …
The Indian government has abruptly halted its planned ₹30,000 crore equity infusion into state-owned oil giants Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL). This reversal comes on the heels of a record-breaking fiscal year for these companies, which collectively amassed a staggering ₹81,000 crore in profits. Initially proposed in …
Linde India, formerly known as BOC India, operates in the industrial, medical, and special gases sector. The company underwent a name change following its acquisition by Germany-based Linde AG in 2006, the global merger between Linde AG and Praxair Inc. in 2018 led to the formation of Linde Plc, with Linde India and Praxair India …
