On July 3, 2024, Bajaj Finance reported a significant increase in new loans, customer base, and assets under management (AUM) in its first quarter (April-June) business update. In the first quarter, Bajaj Finance reported 109.7 lakh new loans, up from 99.4 lakh in the same period last year, showing a 10.4% year-on-year increase. This growth …
On July 03, 2024, Vedanta Group firm Hindustan Zinc expressed its commitment to collaborate with Indian auto companies to “unlock zinc potential” and boost India’s mobility. When used in the automotive sector through galvanised steel, zinc significantly reduces fuel consumption and emissions. It offers high corrosion resistance to lightweight steel bodies, resulting in durable, long-lasting …
Adani Cementation Limited, a subsidiary of Adani Enterprises announced its merger with Ambuja Cements. This announcement came after both boards approved the merger, which will allow Adani Cementation to become a wholly-owned subsidiary of Ambuja Cements. Benefits of the merger: The proposed merger scheme will result in the consolidation of the cement capacity within the …
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 …
