On April 22, 2025, news surfaced on a media website claiming that IndusInd Bank had engaged Ernst & Young (EY) to conduct a forensic audit following a ₹600 crore discrepancy in its microfinance portfolio. The news prompted significant attention from market participants and regulatory bodies alike. However, IndusInd Bank was quick to issue a clarification …
Alpex Solar Limited (ASL) announced via a regulatory filing that it has received a significant purchase order from a leading manufacturer. Alpex Solar Limited disclosed to the stock exchanges that it has secured a substantial purchase order worth ₹380.52 crore from a reputed manufacturing company. Expanding Capabilities in Renewable Energy Alpex Solar Limited (ASL) forayed …
Lupin Diagnostics Limited (LDL), a wholly owned subsidiary of Lupin Limited, has marked a significant achievement by securing 100% NABL (National Accreditation Board for Testing and Calibration Laboratories) accreditation across all its greenfield labs. This move elevates Lupin Diagnostics to the ranks of India’s top fully accredited diagnostic chains. “This accreditation is a testament to …
PNC Infratech Limited, one of India’s leading infrastructure development companies, has added yet another milestone to its portfolio by emerging as the L1 (Lowest Bidder) in a significant road infrastructure project awarded by the Public Works Department (PWD), Rajasthan. The company has been entrusted with the responsibility of constructing a flyover from Heeradas Chouraha to …
Hyundai Motor India Ltd (HMIL) has signed a memorandum of understanding (MoU) with Indian Oil Corporation (IOC) to begin on-road testing of hydrogen fuel cell vehicles. The agreement includes the use of one Hyundai Nexo vehicle, which has been handed over to IOC for the trial. As of 9:38 AM on April 23, 2025, Hyundai …
The Competition Commission of India (CCI) has approved Bharat Forge Ltd.’s acquisition of AAM India Manufacturing Corporation Pvt Ltd. The clearance was granted following voluntary modifications proposed by the involved parties. Details of these modifications were not disclosed in the public domain. As of 9:40 am on April 23, 2025, Bharat Forge share price was …
On Tuesday, April 22, the board of Tata Communications Ltd., part of the Tata Group, approved a final dividend of ₹25 per share for its shareholders. According to data from the Bombay Stock Exchange (BSE), this dividend payout is the highest approved by the company’s board in over 20 years. Tata Communications Dividend History In …
LG Electronics India is to submit an updated Draft Red Herring Prospectus (DRHP) to SEBI in early May. The Initial Public Offering (IPO) size is estimated at ₹15,000 crore and will be an offer-for-sale by LG Electronics Inc., the South Korean parent company. IPO Structure and Shareholding The public issue involves a 15% stake dilution …
Ashoka Buildcon Limited has been issued a Letter of Acceptance by Central Railway for a gauge conversion project in Maharashtra. The contract covers the Pachora-Jamner section, covering approximately 53.3 kilometres. It excludes the Pachora yard and any road over-bridge works. As of 9:49 AM on April 23, 2025, Ashoka Buildcon share price was trading at …
ICICI Securities has entered into a partnership with Tata Consultancy Services (TCS) to upgrade its retail trading and brokerage platform. The announcement was made on April 22, 2025. This involves deploying TCS’s capital markets product, TCS BaNCS, as the core technology for this transition. As of 9:25 am on April 23, 2025, Tata Consultancy Services …
