As a member of the Tata Group, Tata Motors Limited is a multinational automotive company based in India with its headquarters in Mumbai. The company manufactures buses, vans, trucks, and cars. Tata Daewoo in South Korea and Jaguar Land Rover in Britain are examples of subsidiaries. CCI approves of TMFL and TCL’s merger: The Competition …
BigBloc Construction Expands Solar Energy Commitment In a move toward greater environmental responsibility, BigBloc Construction Ltd., a leading manufacturer in the AAC Block space, has announced plans to expand its solar power capacity. The company is adding a 250 KW rooftop solar plant to its Umargaon unit, increasing the plant’s total installed capacity to over …
Samvardhana Motherson Hits New Heights with Successful QIP Samvardhana Motherson International Limited (SAMIL) has made headlines with its stock reaching an all-time high, rising by over 1.5%. The stock’s surge follows the successful completion of a Qualified Institutional Placement (QIP), where the company raised INR 6,438 crore. This has not only strengthened investor confidence but …
Tata Steel Limited has successfully commissioned India’s largest blast furnace at its Kalinganagar facility in Odisha. This project, part of a Phase II expansion involving an investment of ₹27,000 crore, will increase the site’s capacity from 3 million tonnes per annum (MTPA) to 8 MTPA. The inauguration was led by T. V. Narendran, CEO and …
Bharat Forge Limited has announced a strategic partnership with its subsidiaries, J S Auto Cast Foundry India Private Limited (a wholly-owned step-down subsidiary) and Kalyani Centre for Precision Technology Limited (a wholly-owned subsidiary), through share subscription and shareholders agreements (SSSHA) with special purpose vehicles (SPVs) of Sunsure Energy Private Limited. This collaboration aims to secure …
Jewellery stocks have been shining on Dalal Street, showing impressive gains and brightening investors’ portfolios. Driven by rising demand and positive market sentiment, these stocks have performed well, with major companies in the sector experiencing significant growth. The increase in gold prices and demand during the festive season has sparked a buying frenzy, making these …
Inox Wind Limited (IWL), a leading provider of wind energy solutions in India, has announced a significant milestone in its financial strategy by signing a consortium agreement with a group of banks led by ICICI Bank. This agreement establishes credit limits of approximately ₹2,200 crore, with the potential for enhancement to around ₹2,400 crore based …
On September 22, 2024, HFCL Limited (HFCL), a well-known Indian technology company specialising in telecommunications and defence solutions, announced a new strategic partnership with General Atomics Aeronautical Systems Incorporated (GA-ASI). As part of this collaboration, HFCL will develop and supply critical sub-systems for GA-ASI’s advanced Unmanned Aircraft Systems (UAS). This partnership highlights HFCL’s growing expertise …
Strategic Partnership Boosts Adani Ports Shares of Adani Ports & Special Economic Zone Ltd were trading higher by nearly 1% on Monday following the announcement of a strategic partnership with Abu Dhabi-based Rorix Holdings. During the UAE-India Business Forum, the two companies signed a Memorandum of Understanding (MOU) aimed at transforming the commodities market ecosystem. …
India’s largest company by market value, Reliance Industries Limited (RIL), has extended the deadline for the payment of call money on its partly paid-up shares to October 7, 2024. Originally, the deadline was set for September 20, 2024, but after receiving requests from shareholders, the company decided to allow more time. Investors who fail to …
