Satin Creditcare Network Limited (SCNL) announced in a stock exchange filing that it has successfully raised 15 million Euros in External Commercial Borrowing (ECB). The funding was secured from OeEB – Oesterreichische Entwicklungsbank AG – the Development Bank of Austria. This ECB has a tenure of five years, during which the funds will be strategically …
On July 10, 2024, Zydus Lifesciences Limited announced that the company received final approval from the United States Food and Drug Administration (USFDA) to market Sacubitril and Valsartan Tablets, available in dosages of 24 mg/26 mg, 49 mg/51 mg, and 97 mg/103 mg (branded as Entresto® tablets in the US). This combination medication is prescribed …
On July 10, 2024, the Indian Railway Catering and Tourism Corporation (IRCTC), Delhi Metro Rail Corporation (DMRC), and the Centre For Railway Information Systems (CRIS) launched a pioneering initiative in Delhi NCR. This initiative, part of the Government of India’s “One India—One Ticket” campaign, introduces a QR code-based ticketing system for seamless travel between mainline …
Kumar Mangalam Birla’s UltraTech and the BK Birla group’s Kesoram revealed an all-stock deal on November 30th last year. As a result, the B.K. Birla Company became the biggest cement manufacturer in India after demerging its cement division. The deal was seen as a strategic move by both companies, with Kesoram looking to streamline its …
Tata Consultancy Services (TCS), India’s largest IT services company, is set to announce its Q1 earnings for FY25 today. Analysts polled on different media channels anticipate an increase in revenue but expect a decline in profit and margins. Projected Revenue Analysts predict TCS will see q-o-q revenue growth of 1.5%, reaching Rs.62,170 crore compared to …
In a significant move, ICICI Prudential Mutual Fund acquired 1.5 crore shares of Nykaa on Wednesday, purchasing them at an average price of Rs 174.04 per share. This acquisition, valued at Rs 256 crore, was conducted through block deals on the NSE, with the shares being bought from the Canada Pension Plan Investment Board. As …
Oriana Power Limited, established in 2013, operates primarily in two key business sectors. The company specializes in Engineering, Procurement, and Construction (EPC) services for solar power projects. Additionally, Oriana Power Ltd. offers solar energy solutions through the BOOT (Build, Own, Operate, Transfer) model. This dual focus allows Oriana to not only construct and maintain solar …
GE Power India Ltd, a prominent entity in the Indian power generation equipment market, specializes in the engineering, procurement, and construction (EPC) of essential equipment for thermal and hydropower plants. GE Power’s Hydro Business Sale GE Power India Ltd. is divesting its hydro business through a slump sale to GE Power Electronics (India) Pvt. This …
Strategic Move by Glenmark Pharmaceuticals Glenmark Pharmaceuticals Ltd. has announced its plan to divest its entire 7.84% stake in Glenmark Life Sciences Ltd. (GLS) through an offer for sale (OFS) in the secondary market. The board approved the sale of up to 96.09 lakh shares at a meeting on Wednesday. Additionally, Chairman and Managing Director …
On July 10, 2024, TVS Motor Company introduced the 2024 TVS Apache RTR 160 Racing Edition, inspired by its racing heritage. This new model features a Matte Black colour, carbon fibre race graphics, and striking red alloy wheels, reflecting a bold design for racing enthusiasts. Since its debut in 2007, the Apache RTR 160 has …
