Zydus Lifesciences has announced the acquisition of an 85.6% stake in France-based Amplitude Surgical SA for €256.8 million. The deal will be followed by a mandatory cash tender offer for the remaining shares at the same purchase price of €6.25 per share. If completed, the full acquisition would be valued at €300 million, leading to …
On March 12, 2025, IndusInd Bank shares are experiencing significant volatility following their largest single-day drop on record the previous day. The stock initially plunged by as much as 7% in early trading on March 12 but quickly rebounded from its lows. At 10:20 AM, IndusInd Bank share traded with a gain of over 4% and reached …
Waaree Renewable Technologies Ltd (WRTL) has received a Letter of Award (LOA) worth ₹740.06 crore for Engineering, Procurement, and Construction (EPC) work on a 125 MWAC (181.3 MWp DC) solar power project. The order, awarded by a major power distribution company(name undisclosed), includes turnkey execution along with operation and maintenance services. As of March 12, …
TVS Motor Company Ltd announced on Tuesday that its shareholding in the Indian Foundation for Quality Management (IFQM) has declined to 18.18% following a fresh allotment of shares to other investors. Stake Falls Below Associate Company Threshold In a regulatory filing, TVS Motor stated, “We wish to intimate that Indian Foundation for Quality Management (IFQM) …
CG Power and Industrial Solutions Ltd (CG) has signed a long-term supply agreement with Kinet Railway Solutions Limited for the supply and servicing of railway components. The agreement includes propulsion kits, motors, transformers, and other railway products. As part of this agreement, CG has secured a purchase order worth ₹400-450 crore to supply railway components …
PB Fintech Ltd, the parent company of Policybazaar, has announced its plan to invest up to ₹696 crore in PB Healthcare Services Private Limited, its wholly owned subsidiary. This investment, which will be executed through the purchase or subscription of equity shares and compulsory convertible preference shares (CCPS), is expected to take place during the …
News reports suggest that The Adani Group will revive its US investment plans after President Donald Trump has suspended the enforcement of the Foreign Corrupt Practices Act (FCPA). The ports-to-energy conglomerate had earlier pledged US$10 billion to numerous American infrastructure projects. However, it put its plans when the US Department of Justice (DOJ) indicted its …
New Delhi, Mar 12 (PTI) A day after signing a pact with Elon Musk’s SpaceX, Bharti Group founder Sunil Mittal on Wednesday said that satellite will add the mix of communication technologies like 4G, 5G, 6G and enable customers to carry their mobile phones to the remotest part of the world, even in skies and …
Shares of Kaynes Technology India witnessed a sharp decline of 9.6% to an intraday low of ₹3,893.85 on the BSE on 12 March 2025. The drop followed a regulatory notice issued by the Securities and Exchange Board of India (SEBI) to the company’s Managing Director, Ramesh Kunhikannan. The notice pertains to alleged lapses in compliance …
State-owned Canara Bank Ltd has revised its Marginal Cost of Funds Based Lending Rate (MCLR), effective March 12, 2025, reducing rates by 5-15 basis points (bps) on select tenures. This move aims to enhance affordability for borrowers and stimulate credit growth, particularly for longer-term loans. Revised MCLR Rates As per Canara Bank’s regulatory filing: Overnight …
