On June 25, 2024, Vinati Organics Limited subscribed to 5,57,70,950 fully paid-up equity shares with a face value of ₹10 each, totalling ₹55,77,09,500. Vinati Organics Limited acquired 100% of the share capital and control of Veeral Organics Private Limited. This investment was made through a rights issue, and these shares will rank equally with the …
Schaeffler India, a frontrunner in motion technology, has unveiled a groundbreaking innovation – the Planetary Gear System (PGS) – manufactured entirely at its Hosur plant. This system is specifically designed to meet the needs of Dedicated Hybrid Transmission (DHT) vehicles in the Indian market. Aligning with Make in India and Greener Transportation The PGS marks …
On June 25, 2024, JSW Steel USA, a subsidiary of JSW Steel Ltd, a leading Indian steel company under the JSW Group valued at $24 billion, revealed plans to invest $110 million in upgrading their steel plate mill in Baytown, Texas. This investment aims to modernise their manufacturing facilities with advanced technology and equipment that …
On June 24, 2024, Vishnu Prakash R Punglia Limited informed the stock exchanges that the company is proud to announce its latest accomplishment, the award of a new project by the Office of the Executive Engineer Division XXIV(WS) of the Public Works Department in Sarvana, Bicholim, Goa. This prestigious project, titled “Construction of a 15 …
MapmyIndia is an Indian technology company that builds digital map data, telematics services, location-based SaaS, and GIS AI technologies. Founded in 1995, the company is headquartered in New Delhi with offices across India and in the San Francisco Bay Area and Tokyo. In 2004, the company launched the first Indian interactive digital mapping portal that …
On June 25, 2024, Muthoot Microfin informed the stock exchanges that the company had secured a corporate agent licence from the Insurance Regulatory and Development Authority of India (IRDAI). This licence would allow the company to provide customised insurance plans to their customer base. The licensing agreement strengthens Muthoot Microfin’s dedication to financial inclusion by …
On Tuesday, benchmark indices closed on a positive note as Sensex gained 0.92%, reaching a record high of 78,164.71, while Nifty surged 0.78%, achieving an all-time high of 23,754.15. In the sectoral landscape, Nifty Financial Services, Nifty Bank, and Nifty IT were the top gainers, while Nifty Realty, Nifty Metal, and Nifty Energy were the …
Company launches new product and seeks funding for expansion Hilton Metal Forging Ltd, a manufacturer of forged products for the railways, oil and gas, and wind energy sectors, has announced the launch of a new product line: wagon axles for railway wagons. This move comes amid rising demand for domestic manufacturing under the “Make in …
eClerx, the prominent provider of business process management solutions, has recently unveiled plans for a buyback of its equity shares. The company aims to repurchase up to 1,375,000 fully paid-up equity shares, each having a face value of Rs 10 (Rupees Ten only), amounting to a total expenditure not exceeding Rs 385 crores. This buyback …
On June 24, 2024, Marico, a prominent FMCG company in India, unveiled Saffola Muesli with Flavour Pops, seeking to capitalise on its established reputation in the adult breakfast market. Over the years, Saffola has become a top player in breakfast foods in India. It’s known for being the country’s leading brand in oats and has …
