India’s geographical diversity and rich cultural experiences make it a leading country in international tourism expenditure. The travel market in India is expected to grow from an estimated US$ 75 billion in FY20 to US$ 125 billion by FY27. As one of the most sought-after travel destinations globally, India’s tourism and hospitality industry has become …
Coal India Limited (CIL) informed the exchanges that it has entered into a Joint Venture Agreement (JVA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL). The collaboration aims to set up a 2×800 MW Brownfield Thermal Power Project at RRVUNL’s existing Kalisindh Thermal Power Station in Rajasthan, while also exploring other thermal power-related projects, including …
Tata Power Delhi Distribution Ltd (Tata Power-DDL) has achieved a significant milestone with the acquisition of a 20-year patent for its innovative self-generating breather. This groundbreaking device is designed to safeguard transformers from moisture intrusion, thereby extending their operational lifespan and enhancing the reliability of power distribution. The ‘Self-Regenerating Breather’ employs a unique mechanism that …
AstraZeneca Pharma (India) Ltd. has recently announced securing approval from the Central Drugs Standard Control Organisation (CDSCO) to import and distribute Durvalumab (Imfinzi) in two dosage strengths: 120 mg/2.4 mL and 500 mg/10 mL, marking an important milestone, allowing the company to introduce new cancer treatment options for Indian patients, particularly those suffering from non-small …
Punjab National Bank (PNB), India’s second-largest public sector lender, has announced the launch of a qualified institutional placement (QIP) to raise between Rs.5,000 and Rs.7,500 crore. The issue, which opened yesterday, September 23, 2024, has a base offer of Rs.2,500 crore, with an option to increase it up to Rs.7,500 crore depending on demand. PNB …
Introduction KBC Global Ltd, one of the prominent players in the construction and real estate sector, has announced that its subsidiary, KBC International Ltd, Ghana, has signed a Memorandum of Understanding (MoU) with the Liberia Special Economic Zone (SEZ) Authority. The MoU is for a $12.5 million residential, commercial, and low-cost housing project within Liberia’s …
Spandana Sphoorty Financial Limited is a microfinance lender (NBFC-MFI) and non-banking financial company with a focus on rural areas, located in India. The business lines of the company comprise loans against property (LAP) and microfinance based on joint liability groups (JLGs). Primarily targeting women from low-income rural households, the company provides income-generating loans through the …
CarTrade Tech, a multi-channel auto platform with a wide presence across vehicle types and value-added services, has caught the market’s attention with a significant surge in stock price and trading volumes. The company, operating well-known platforms like CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto, and OLX India, plays a pivotal role in connecting customers, …
India’s largest oil and gas bid round, OALP-IX, attracted limited participation, with 4 bidders, including state-owned ONGC and OIL, and private players Reliance and Vedanta Ltd, dominated the round. The Directorate General of Hydrocarbons (DGH) reported that most of the 28 blocks on offer received just two bids. Notably, Reliance Industries Ltd, in partnership with …
Reliance Power has secured approval to raise up to ₹1,524.60 crore through a preferential allotment of equity shares. The shares will be issued at ₹33 per share, representing a 13% discount to the company’s last closing price. This capital infusion will significantly enhance Reliance Power’s net worth, boosting it from ₹11,155 crore to over ₹12,680 …
