Mirae Asset Mutual Fund will acquire 9.95% paid-up share capital or voting rights in the Utkarsh Small Finance Bank within a year from the date of approval from RBI, the bank said in an exchange filing on Thursday. Mirae Asset Mutual Fund has a footprint not only in India but also a global presence in …
GTPL Hathway Limited, India’s leading Digital Cable TV and Broadband service provider, announced positive financial results for the quarter ending June 30, 2024 (Q1FY25). The company demonstrated consistent growth across key metrics, showcasing a robust business performance. Financial Highlights Revenue: GTPL Hathway reported a total revenue of ₹8,506 million in Q1FY25, reflecting a 4% growth …
Prakash Industries Limited announced in a stock exchange filing that the Ministry of Environment, Forest and Climate Change, Government of India, has granted Final/Stage-II approval for the Bhaskarpara Commercial Coal Mine in Chhattisgarh, following the In-principle Stage-I approval received on August 21, 2023. The company stated that the Permission to Establish has already been obtained …
Tata Elxsi Limited announced the inauguration of the Tata Elxsi + NI Mobility Innovation Centre (TENMIC) in Bengaluru. In a stock exchange filing, the company stated that this state-of-the-art facility is designed to accelerate automotive innovation through advanced systems, software solutions, and global automotive expertise. The launch event was led by Manoj Raghavan, MD and …
On July 11, 2024, Aditya Birla Fashion and Retail Limited announced a significant increase in its stake in Goodview Fashion Private Limited (GFPL), raising its shareholding from 33.5% to 51%. This acquisition, achieved through the secondary purchase of a 17.5% equity stake from existing shareholders, has resulted in GFPL transitioning from an associate company to …
The Oriental Group, a prominent player in the Indian railway engineering sector, has secured significant orders totalling over ₹450 crore from Indian Railways. These contracts underline the group’s strong position in supplying essential equipment for the country’s vast railway network. Oriental Foundry Bags Major Wagon Order Oriental Foundry Private Limited, a wholly-owned subsidiary of the …
On July 12, 2024, Adani Ports and Special Economic Zone Limited announced in a stock exchange filing the arrival of the first mother ship at its Vizhinjam port. This milestone event marks India’s entry into global transshipment, positioning Vizhinjam as a significant player in international trade routes and ushering in a new era in India’s …
Rashtriya Chemicals and Fertilizers Ltd (RCF), a leading state-owned fertiliser producer, is taking a significant step towards improving its production efficiency. On July 11th, 2024, RCF’s board of directors approved a contract with Topsoe A/s, a prominent international engineering company. Focus on Energy Efficiency The contract, valued at ₹514.6 crore (approximately $64 million), aims to …
Strategic Acquisition of Penna Cement Ambuja Cements Ltd. has made a significant strategic move by acquiring 100% of Penna Cement Industries for Rs 10,422 crores, funded entirely through internal accruals. This acquisition includes 14 million tons of cement capacity, of which 10 million tons are currently operational and an additional 4 million tons are under …
Hindustan Copper Ltd, a leading Indian copper producer, expects copper demand in the country to grow significantly in the coming years, driven by several key sectors. This growth is predicted to outpace global demand due to India’s lower per capita copper consumption compared to the world average. Demand Drivers and Growth Forecast The Indian copper …
