Company Background Hindustan Aeronautics Ltd (HAL), a ‘Navratna’ company, was incorporated in 1964 through the amalgamation of Hindustan Aircraft Limited and Aeronautics India Limited. HAL is a key player in India’s defense sector, engaged in the design, development, manufacture, repair, and overhaul of aircraft, helicopters, engines, and related systems such as avionics, instruments, and accessories. …
HDFC Bank is one of India’s premier banking institutions, established in 1994. It offers a wide array of financial products and services, including retail banking, wholesale banking, and treasury operations. Mitsubishi UFJ Financial Group is Japan’s largest financial group and one of the world’s leading financial institutions. Headquartered in Tokyo, MUFG offers a comprehensive range …
Star Health and Allied Insurance Company has launched Home Health Care services across 50 cities with an aim to deliver healthcare directly to customers’ doorsteps. Managing Director and CEO Anand Roy announced the expansion, highlighting the company’s commitment to customer-centric healthcare solutions. The initiative, developed in collaboration with Portea, Care24, CallHealth, Argala and Athulya Homecare, …
Jaiprakash Associates Ltd (JAL) encountered a setback as lenders, led by ICICI Bank, rejected its modified one-time settlement (OTS) proposal amidst ongoing insolvency proceedings. Rejection of Settlement Proposal Yesterday, during a hearing before the National Company Law Appellate Tribunal (NCLAT), senior advocate Sajeev Sen, representing ICICI Bank, announced that the lenders had rejected JAL’s revised …
Marico Company, a leading fast-moving consumer goods (FMCG) company, will handle exclusive marketing and sales for Kaya’s personal care 75 products. The collaborations between Marico and Kaya will bring both companies expertise, and with their capabilities, they can unfold the potential wealth for Kaya. Marico’s first target was to enhance the brand value, and diversity …
Suryoday Small Finance Bank (SFB) witnessed an around 4% increase in its share price, reaching around Rs.198 per share following the bank’s business update for the June quarter (Q1FY25). Metrics Q1FY24 (in Cr) Q1FY25 (in Cr) YoY Change Loans and Advances Rs.6,372 Rs.9,037 42% Deposits Rs.5,722 Rs.8,137 42% Retail Deposits Rs.4,336 Rs.6,418 48% Bulk Deposits …
On July 03, 2024, GE T&D India Limited (GETD India), a leading provider of power transmission and distribution equipment, secured a significant new order with a value of€64 million from Grid Solutions SAS, France. Supplying High-Voltage Products and Expertise The agreement entails the supply and supervision of high-voltage products. While specific details regarding the products …
Persistent Systems Inc., the wholly-owned U.S. subsidiary of Persistent Systems Limited, announced today the acquisition of Starfish Associates, LLC, a leading provider of enterprise communication solutions. This strategic move strengthens Persistent’s position in the Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS) market by leveraging artificial intelligence (AI) for enhanced …
On July 03, 2024, Brigade Group, a leading Indian real estate developer, unveiled a new joint development project in West Bangalore’s coveted Tumkur Road area. This project adds to Brigade’s impressive portfolio and caters to the discerning tastes of modern urban homebuyers. Encompassing 8 acres of prime land, the project boasts a total development area …
Carysil Limited, a leading manufacturer of kitchenware and homeware products, has announced the successful completion of its equity issue. This announcement follows a series of communications from Carysil, including their initial letter dated July 03, 2024, regarding the issue opening on July 01, 2024, and a subsequent letter on the same date confirming the closing …
