After much speculation of Airtel acquiring Vodafone’s stake in Indus Towers, the news finally came that Vodafone Group has announced its plan to sell its entire $2.3 Billion stake in the company. The sale is poised to happen through a stock market block deal next week as part of the British firm’s effort to repay …
On Wednesday, the NSE benchmark Nifty50 achieved a fresh all-time high. Similarly, Bank Nifty also surpassed its previous high, recording a new all-time high after a span of 11 trading sessions. Despite this positive momentum, profit booking became evident as the Nifty50 index slipped from its highs, and broader markets were seen trading in the …
On June 19, 2024, Bharti Airtel Limited announced a strategic move further to solidify its position in the Indian telecom sector. The company’s Board of Directors approved the acquisition of up to 27 million equity shares in Indus Towers Limited, a leading provider of telecom tower infrastructure sharing services. This translates to an actual acquisition …
Tata Technologies, a global leader in product engineering and digital services, is excited to announce the second edition of its InnoVent hackathon, which will be held in collaboration with Microsoft and Tata Motors. This nationwide competition empowers engineering students to tackle real-world challenges in manufacturing using Generative AI. Objective of Collaboration The objective of this …
On June 18, 2024, Apeejay Surrendra Park Hotels Limited (ASPHL) announced they would open a new hotel called THE Park in the foothills of Nainital, Uttarakhand. This hotel brand is known for its luxury boutique hotels in India. The new hotel will have 65 well-furnished rooms near Jim Corbett National Park, India’s oldest national park. …
On June 18, 2024, Netweb Technologies India Limited introduced its latest series of servers made in India. These servers feature the newest 4th Gen AMD EPYC™ processors and come in different sizes, such as 1U, 2U, and 4U, as well as workstations. They are designed to handle demanding tasks in high-performance computing environments. Users have …
On June 18, 2024, Bharat Forge invested $40 million in its wholly-owned subsidiary, Bharat Forge America Inc. (BFA). BFA will use this investment to further invest in its own subsidiary, Bharat Forge Aluminum USA Inc. (BFAL). Bharat Forge America Inc.’s (BFA) investment in BFAL is a related party transaction and will be conducted on an …
A stock that recently made news is the automation firm, Craftsman Automation Limited. Through an exchange filing on 18 June 2024, the company informed the proceeds of its latest Fund Raising Committee meeting on 18th June 2024. The proceeds followed the approval accorded by the Company’s Board of Directors and the Special Resolution passed by …
Sansera Engineering Ltd is an engineering-led manufacturer of complex and critical precision-engineered components across automotive and non – non-automotive sectors. The company manufactures and supplies a wide range of precision forged and machined components for the automotive sector and for the non-automotive sector, it manufactures and supplies a wide range of precision components for aerospace, …
Specialty chemicals manufacturer Ami Organics has announced a Qualified Institutional Placement (QIP) to raise Rs.500 crore. The company has set a floor price of Rs.1,228 per share for the QIP. Utilization & Objective of the QIP The funds raised through the QIP will primarily support Ami Organics in boosting its financial health and fueling future …
