Ujjivan Small Finance Bank Limited is an Indian SFB based in Bengaluru licensed under Section 22 (1) of the Banking Regulation Act, 1949. The company unveiled its financial performance for Q4FY24, showcasing resilience and growth despite ongoing economic challenges. However, the expected loan growth was around 25%. Therefore, due to stress building in some pockets …
Unitech Limited, one of the top 2000 public companies according to Forbes Global 2000, is an Indian real estate investment company. The company was founded by 5 partners Ramesh Chandra, Dr. S. P. Shrivastava, Dr. P K Mohanti, Dr. Ramesh Kapur, and Dr. Bahri. Sanjay Chandra was the former Managing Director of Unitech Ltd and …
Birla Estates creates premium residential housing in major markets. The company employs a dual approach to land acquisition, involving both outright purchases and asset-light joint ventures, in addition to developing its own land parcels. Looking to the future, Birla Estates aims to establish itself as a leader in the development of world-class residential, commercial, and …
On June 19, 2024, Adani Ports and Special Economic Zone Limited (APSEZ), India’s largest port developer and operator, showcased its global excellence again. Four of its ports were highlighted in the respected Container Port Performance (CPP) Index 2023. Mundra Port led the group at 27th place, followed by Kattupalli at 57th, Hazira at 68th, and …
Jupiter Electric Mobility Private Limited (JEM), a subsidiary of Jupiter Wagons Limited (JWL), is making significant strides in revolutionising rail transport in India with its Lithium-Ion Phosphate (LFP) battery technology. Partnering with Log9 Materials, a leading Indian deep-tech innovator in energy storage, JEM has achieved several key milestones in the development and certification of these …
Titan Company, which belongs to the Tata Group plans to aggressively expand its retail footprint in Chennai. The company plans to expand its brand verticals especially the jewellery vertical Tanishq and its saree label Taneira. It also plans to launch its exclusive ladies’ handbag brand store “Earth”, sometime later this year. Titan’s plans In the …
Brigade Enterprises has announced a significant investment of Rs. 150 crore to construct the third tower of the World Trade Center (WTC) in Kochi’s Infopark. This development is set to further strengthen Kochi’s position as a key commercial hub in Kerala and is expected to generate employment opportunities. Project Overview The World Trade Center Kochi, …
West Bridge Capital, a prominent private equity firm, has recently divested its stake in AU Small Finance Bank, amounting to approximately 1.7% of the bank’s total shares. The transaction, valued at Rs.845 crore, marks a significant move by West Bridge Capital, reflecting changes in its investment portfolio. Transaction Details The sale of a 1.7% stake …
On June 19, 2024, Eraaya Lifespaces Limited announced that their Plan Support Agreement to acquire 100% of Ebix Inc.’s equity has been approved by Ebix Inc.’s Independent Directors. The Consortium, led by Eraaya Lifespaces Limited as the initial bidder, has also deposited the required 5% cash deposit to proceed with the acquisition process. The acquisition …
On June 19, 2024, Lemon Tree Hotels announced they would manage a new hotel in Morbi, Gujarat, India. The hotel is expected to open in the fiscal year 2029. Morbi, located on the Kathiawar peninsula in Gujarat, has a rich history and cultural heritage. It used to be the capital of the Morvi State and …
