On April 4, 2024, Vedanta Limited announced that the board of directors approved raising to Rs. 2500 Crore from Non-Convertible Debentures on a private placement basis in a press release. The committee had approved raising 2,50,000 senior, secured, rated, listed, redeemable, non-convertible debentures (NCDs) of a face value of Rs. 1,00,000 each. The aggregate amount …
Asian Paints International Private Limited (APIPL), a subsidiary based in Singapore, has successfully concluded the acquisition of a 24.3% stake in SCIB Chemicals S.A.E., a leading chemical company in Egypt. Details of the Acquisition APIPL finalized the acquisition on May 26, 2024, purchasing the stake from minority shareholders of SCIB Chemicals for approximately USD 4.13 …
Bharat Heavy Electricals Ltd (BHEL) has secured a Rs.13,300 crore order to establish a 1600 MW thermal power plant in Koderma, Jharkhand. The contract, awarded by Damodar Valley Corporation (DVC), is for the engineering, procurement, and construction (EPC) of the Koderma Thermal Power Station (TPS), consisting of two 800 MW units. Boost to Energy Security …
Leading Indian Alco-Bev player Globus Spirits Ltd expands its portfolio with the launch of two exciting new brands in Uttar Pradesh: Brothers & Co. Whisky and GR8 Times (available in Whisky and Green Apple Vodka variants). Brothers & Co. Brothers & Co. Whisky caters to the premium segment, offering a unique blend of Scotch, American …
Jubilant Ingrevia Limited (JUBL), a leading manufacturer of speciality chemicals, has achieved a significant milestone by receiving a clean bill of health from the United States Food and Drug Administration (USFDA). This accomplishment signifies the successful outcome of a recent inspection conducted at JUBL’s Unit-1 manufacturing facility in Bharuch, Gujarat, India, in April 2024. The …
On June 27, 2024, International MSME Day, IndusInd Bank acknowledges the crucial role played by Micro, Small, and Medium Enterprises (MSMEs) in India’s economy. The company has launched a knowledge series called “Level Up,” focusing on MSMEs and highlighting various initiatives tailored to their needs. This series features successful business owners and C-suite executives sharing …
On June 27, 2024, Grasim Industries Limited informed in a stock exchange filing that the company was honoured at the 3rd edition of the Times Now Global Sustainability Alliance – Sustainable Organisation 2024 event. The Global Sustainability Alliance is a platform for global change-makers, individuals, and organisations dedicated to championing sustainability. The 3rd edition of …
On June 28, 2024, Nazara Technologies Limited informed in a stock exchange filing that its subsidiary NODWIN Gaming Private Limited, a material subsidiary, disclosed that its Singapore-based entity, NODWIN Gaming International Pte. Ltd (NODWIN Pte), has finalised agreements to gradually increase its current 13.51% ownership in Freaks 4U Gaming GmbH. This Berlin-based global gaming and …
On June 27, 2024, Brigade Enterprises Limited informed the stock exchanges of the launch of Brigade Insignia, a premium residential project in Yelahanka, Bengaluru. Brigade Insignia features six towers with 379 spacious 3, 4, and 5 BHK apartments, including limited edition Sky Villas, spread over a 6-acre plot. The project has a revenue potential of …
On June 27, 2024, PI Industries announced via a stock exchange filing the incorporation of a wholly-owned subsidiary named PI Industries Management Consultancies LLC in the Emirate of Dubai, United Arab Emirates. This strategic move marks a significant step in expanding the company’s global footprint, particularly in the agri-business sector. The new subsidiary, PI Industries …
