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Inox Wind to Execute 200 MW Project Across Gujarat and Rajasthan

Inox Wind to Execute 200 MW Project Across Gujarat and Rajasthan

9 July 2024

On July 9, 2024, Inox Wind Limited (IWL) informed in a stock exchange filing that the company had secured a significant order for 200 MW from a renewable C&I (Commercial and Industrial) power producer. The company stated that the order specifically entails Inox Wind’s latest 3 MW Wind Turbine Generators (WTGs) and includes end-to-end turnkey …

HFCL Limited Expands Global Presence with HFCL UK Limited

HFCL Limited Expands Global Presence with HFCL UK Limited

9 July 2024

HFCL Limited announced in a stock exchange filing that, to cater to the global demand for its products and expand its business operations overseas, it has taken a significant step forward by establishing HFCL UK Limited in the UK. This new entity is a wholly-owned subsidiary of HFCL B.V., which is itself a wholly-owned subsidiary …

VA Tech Wabag to Sell Romanian Subsidiary for EUR 1.2 Million

VA Tech Wabag to Sell Romanian Subsidiary for EUR 1.2 Million

9 July 2024

VA Tech Wabag Limited, a leading player in the water technology space, has announced a strategic move to optimise its group structure by reducing its exposure to European geographies. During a meeting held on Monday, July 8, 2024, the Board of Directors approved the sale of the Company’s 100% stake in its Romanian subsidiary, Wabag …

Strategic Equity Conversion by Shilpa Medicare to Support its Subsidiary Growth

Strategic Equity Conversion by Shilpa Medicare to Support its Subsidiary Growth

9 July 2024

Shilpa Medicare Ltd announced in a stock exchange filing that its wholly-owned subsidiary, Shilpa Biologicals Pvt. Ltd (SBPL) allotted equity shares to Shilpa Medicare on July 8, 2024, through a rights issue. This transaction was executed by adjusting the subscription amount against a pre-existing intercompany loan provided by Shilpa Medicare. The primary aim of this …

Advait Infratech Ltd Expands with New Subsidiary in Norway

Advait Infratech Ltd Expands with New Subsidiary in Norway

9 July 2024

Advait Infratech Limited announced via a stock exchange filing that its wholly owned subsidiary, Advait Energy Holding AS, has been officially registered in Norway with Registration Number 933 677 613. Advait Energy Holding AS is a newly incorporated wholly owned subsidiary of Advait Infratech Limited, established on July 4, 2024. Its headquarters are at Lysaker …

Bandhan Bank Launches Enhanced Trade Products

Bandhan Bank Launches Enhanced Trade Products

9 July 2024

On July 08, 2024, Bandhan Bank introduced a range of trade products to support global business transactions. These products aim to simplify and secure international operations, providing businesses with more financial flexibility. They are designed for both importers and exporters, offering customised solutions to meet various business needs and enhance confidence in global trade. In …

BlackRock Acquires Stake in Swan Energy Ltd.: What This Means for Investors

BlackRock Acquires Stake in Swan Energy Ltd.: What This Means for Investors

9 July 2024

Shares of Swan Energy Ltd. are set to be in the spotlight today after a significant investment by BlackRock, the world’s largest asset manager. On Monday, BlackRock acquired a notable stake in the company through block deals via its various funds, amounting to a substantial Rs 304 crore. The Details of BlackRock’s Acquisition Significant Purchase …

Rail Vikas Nigam Sees Second Consecutive Block Deal

Rail Vikas Nigam Sees Second Consecutive Block Deal

9 July 2024

Shares of Rail Vikas Nigam Ltd. (RVNL) opened at Rs 587 on Tuesday and quickly surged, reaching an intraday high of Rs 619. This notable performance was accompanied by substantial trading activity, marking another large transaction in the stock. Major Block Deal Highlights On Tuesday, a significant volume of 1.4 crore shares, worth Rs 827 …

Yes Bank Clarification on Stake Sale Speculations

Yes Bank Clarification on Stake Sale Speculations

9 July 2024

Shares of Yes Bank opened a percent higher in Tuesday’s trading session following the leading private lender’s clarification regarding the speculative reports on a 51% stake sale.  Clarification from Yes Bank In a regulatory filing, Yes Bank addressed the rumors circulating in the media. The bank clarified that the Reserve Bank of India (RBI) had …

Indian Bank Gross Advances Saw Growth of 12.7% YoY to Rs 5.4 Lakh Crore

Indian Bank Gross Advances Saw Growth of 12.7% YoY to Rs 5.4 Lakh Crore

8 July 2024

Indian Bank, a prominent public sector lender, has demonstrated notable growth in its financial metrics for the April–June quarter of FY24. The bank’s provisional figures reveal significant advancements across various sectors, highlighting its strong performance in the current fiscal year. Significant Increase in Gross Advances and Total Business According to the business update released by …

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