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GPT Infraprojects Secures ₹103 Crore Boost Through Contract Enhancements

GPT Infraprojects Secures ₹103 Crore Boost Through Contract Enhancements

19 July 2024

GPT Infraprojects Limited (GPT), a leading infrastructure construction and engineering company, has secured a significant boost to its order book. The company announced that existing contracts with two prominent clients, the National Highways Authority of India (NHAI) and Eastern Railway, Kolkata, have been enhanced by a combined value of ₹103 crore. This positive development highlights …

Moneyboxx Finance Announces ₹271 Crore Capital Raise to Support Expansion

Moneyboxx Finance Announces ₹271 Crore Capital Raise to Support Expansion

19 July 2024

Moneyboxx Finance has announced an equity fundraising of ₹271 crore following its board meeting on July 17, 2024. The capital raise includes ₹158 crore through a preferential equity issue and ₹113 crore via equity warrants to both promoters and non-promoters. This funding boost will significantly enhance the company’s capital position and support its expansion plans. …

Radico Khaitan’s Magic Moments Partners with Saregama for New Music Series

Radico Khaitan’s Magic Moments Partners with Saregama for New Music Series

19 July 2024

Radico Khaitan Limited has announced that its brand Magic Moments is partnering with Saregama, India’s leading music label, to launch an innovative music series called ‘Magic Moments Music Studio’. The company stated that this series aims to celebrate diverse musical talents across various genres and generations. By providing emerging artists with a platform to gain …

Blue Star Limited Completes Final Investment Tranche in Blue Star Climatech

Blue Star Limited Completes Final Investment Tranche in Blue Star Climatech

19 July 2024

Blue Star Limited has announced the completion of its final tranche of investment in its wholly-owned subsidiary, Blue Star Climatech Limited (BSCL). In a communication dated November 8, 2023, the company detailed its plan to invest up to ₹94.40 crores in BSCL by subscribing to its rights issue. This investment involves purchasing up to 9,44,00,000 …

Shoppers Stop Reports Robust Q1FY25 Results and Strategic Expansion

Shoppers Stop Reports Robust Q1FY25 Results and Strategic Expansion

19 July 2024

On July 18, 2024, Shoppers Stop Ltd, a prominent department store offering premium fashion and beauty brands, announced its financial results for the quarter ending June 30, 2024. Key Financial Highlights For Q1 FY25 Shopper Stop reported strong results for Q1FY25, with sales reaching ₹1034 crore, marking a 5% increase year-on-year, and EBITDA of ₹146 …

Rallis India Reports Stable Revenue and Profit in Q1 FY25

Rallis India Reports Stable Revenue and Profit in Q1 FY25

19 July 2024

On July 18, 2024, Dr Gyanendra Shukla, Managing Director and CEO of Rallis India Limited, announced the company’s results for Q1 FY25. He noted that the agrochemical industry faces growth challenges due to low prices caused by oversupply, but domestic demand is improving with the arrival of the monsoon. Key Highlights: Q1 FY25 In Q1 …

Tanla Reports Q1 FY25 Results and Key Developments

Tanla Reports Q1 FY25 Results and Key Developments

19 July 2024

On July 18, 2024, Tanla Platforms Limited, India’s leading CPaaS provider, reported its financial results for the first quarter of FY25. Key Financial Highlights The company achieved a revenue of ₹1,002 crore, reflecting a 10.0% year-over-year increase. Gross profit rose by 11.7% to ₹269 crore, with a gross margin of 26.9%. EBITDA grew by 3.5% …

K.P. Energy Adds 23.1MW to Sidhpur Wind Project for Apraava Energy

K.P. Energy Adds 23.1MW to Sidhpur Wind Project for Apraava Energy

19 July 2024

K.P. Energy Limited announced the successful commissioning of an additional 23.1MW (Phase-X) of its ISTS-connected Wind Power Project at the Sidhpur site in Devbhoomi Dwarka. This new phase comprises 11 Wind Turbine Generators (WTGs) of 2.1MW each. This achievement is part of the larger 250.8MW ISTS-connected Wind Power Project awarded to Apraava Energy Private Limited …

Godrej Consumer Products’ Strategic Shift: Cutting Global Manufacturing by 40% by FY26

Godrej Consumer Products’ Strategic Shift: Cutting Global Manufacturing by 40% by FY26

18 July 2024

Godrej Consumer Products Ltd (GCPL) has unveiled ambitious plans to streamline its global manufacturing operations, aiming to shrink its footprint by 40% by FY 2026. This initiative is part of a broader strategy to optimise costs, enhance profitability, and reinforce its commitment to manufacturing in India. Currently, GCPL operates 36 manufacturing facilities globally, with 14 …

Zee Entertainment Secures $239 Million Funding Through FCCBs

Zee Entertainment Secures $239 Million Funding Through FCCBs

18 July 2024

Zee Entertainment Enterprises Limited (Zee) has received a significant financial boost with the board’s approval to raise ₹1,997 crore (approximately $239 million) through foreign currency convertible bonds (FCCBs). This strategic move strengthens Zee’s financial position and unlocks fresh capital for potential growth initiatives. The Investment Details Investors: Resonance Opportunities Fund, St. John’s Wood Fund Limited, …

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