UltraTech Cement Ltd has announced in a stock exchange filing that it has entered into a Power Purchase Agreement and a Share Subscription and Shareholders Agreement to acquire a 26% equity stake in Amplus Omega Solar Private Limited. Amplus Omega Solar is involved in generating and transmitting renewable energy. This aligns with UltraTech’s strategic goals …
On July 16, 2024, Exide Industries Limited announced an investment of ₹74,99,99,988 in its wholly-owned subsidiary, Exide Energy Solutions Limited, through a rights issue. This brings Exide Industries’ total investment in EESL to ₹2577.24 crore. Nature of Acquisition and Related Party Transaction Exide Energy Solutions Limited (EESL), as a wholly owned subsidiary of Exide Industries …
Axis Bank Limited, previously known as UTI Bank, is a major Indian multinational bank and financial services provider which ranks as the third-largest private sector bank in India by assets and the fourth-largest by market capitalization. Market Expectations Axis Bank is anticipated to report strong growth in its Q1FY25 results, along with a rise in …
On July 18, 2024, Central Bank of India Ltd announced financial results for the quarter ended June 30, 2024. Performance Highlights On Year On Year Basis Central Bank of India Ltd showed notable growth across various metrics in the latest financial results. Total business expanded by 8.97% to reach ₹ 6,35,564 crore, up from ₹ …
On July 18, 2024, Sterling and Wilson Renewable Energy Limited (SWREL), a leading renewable energy EPC company, announced impressive results for Q1 FY25 with a 78% YoY revenue growth. The company secured strong order inflows of ₹2,170 crore, highlighting its commitment to excellence and customer satisfaction. After a strong revenue rebound in Q4 FY24, SWREL …
On July 17, 2024, Glenmark Pharmaceuticals Ltd announced via a stock exchange filing that it had received final approval from the U.S. FDA for its Topiramate Capsules USP, available in 15 mg and 25 mg doses. These capsules are equivalent to Topamax® Capsules by Janssen Pharmaceuticals, Inc., and will be sold in the U.S. by …
On July 17, 2024, Royal Enfield launched the Guerrilla 450, a new modern roadster motorcycle. It’s designed to bring back the essence of roadsters – dynamic, intuitive, and lively across its entire power range. Engineered for a thrilling riding experience, the Guerrilla 450 is powerful, versatile, and sophisticated. It promises pure, exhilarating fun whether you’re …
TATA AIG and Mahindra Finance have recently entered into a strategic partnership to broaden the distribution of non-life insurance products. This collaboration aims to leverage Mahindra Finance’s extensive customer base and TATA AIG’s robust insurance solutions, thereby enhancing financial security for millions of customers. Partnership Announcement TATA AIG, a leading provider of general insurance in …
Shares of Bajaj Electricals Ltd. plummeted by over 5% on Thursday following the announcement of the resignation of Managing Director and CEO Anuj Poddar. Poddar is stepping down to pursue an external opportunity, a decision that has caused significant ripples in the market. Acknowledging Anuj Poddar’s Contributions In a filing to the stock exchanges on …
Bata India is now set to expand its footprint and boost same-store sales as the company aims to concentrate on its top six brands, as highlighted in its latest report. Focusing on these brands, including the popular Floatz, is expected to drive retail business growth and unlock new opportunities for the company. In FY24, Bata …
