Adani Total Gas Ltd. (ATGL) has secured $375 million in funding from five major international lenders, marking the largest financing in the City Gas Distribution (CGD) sector. This investment is to accelerate the expansion of its CGD network across India, covering 34 authorized geographical areas in 13 states. Details of the Deal It starts at …
Have you ever thought about who is accountable if a group of investors can’t buy or redeem securities due to a technical issue in the stock market or depository’s software or IT system? According to current rules set by the Securities and Exchange Board of India (SEBI), the institutions themselves are held responsible and must …
On September 22, 2024, Vodafone Idea Limited (VIL) concluded a substantial deal worth approximately USD 3.6 billion (around ₹300 billion) with leading global telecom equipment providers Nokia, Ericsson, and Samsung. This agreement marks a significant milestone in Vodafone Idea’s three-year capital expenditure (capex) plan, valued at approximately USD 6.6 billion (₹550 billion). The capex program …
Bikaji Foods International Limited (BFIL) has announced that the Ministry of Corporate Affairs (MCA) has granted approval for the incorporation of its wholly-owned subsidiary, Bikaji Foods Retail Limited (BFRL). The subsidiary was officially incorporated on Friday, September 20, 2024, and aims to significantly enhance Bikaji’s business expansion efforts, particularly in the fast-growing food and beverage …
Vaibhav Global Limited (VGL) has been honored with the “Excellence in Sustainability / Climate Action Award” by the Indo-American Chamber of Commerce (IACC) at the 20th Indo-American Corporate Excellence conclave held on September 21, 2024, in Jaipur. This award highlights companies that support Indo-US trade while also contributing positively to business, industry, ESG (Environmental, Social, …
Aditya Birla Capital Limited (ABCL) has announced that it has invested ₹60 crore on a rights basis in its wholly-owned subsidiary, Aditya Birla Capital Digital Limited (ABCDL). The investment was made through the subscription of equity shares in ABCDL to support its growth and funding requirements. This strategic move is aligned with ABCL’s long-term objective …
Piccadily Agro Industries Ltd has announced that the globally acclaimed Indian single malt whisky brand, Indri, is now listed and available at premium Tesco supermarkets. This significant milestone was facilitated by independent spirits distributor Mangrove Global, which added Indri to its portfolio earlier this year. Since joining Mangrove, Indri has experienced remarkable success, further bolstered …
Penny stocks are low-priced shares of companies with low market capitalisation, and they are mostly illiquid. Penny stocks are known for their high volatility and can experience significant price swings in a short time. There is also not much reliable information about these stocks available publicly. Penny stocks are said to have the potential to …
On September 19, 2024, Thomas Cook (India) Limited opened a new franchise outlet in Chromepet, Chennai, to tap into the city’s growing market. Chromepet is a popular residential area with good access to the airport and major IT and business parks. This new location brings Thomas Cook’s total in Chennai to 9 and 15 across …
On September 19, 2024, Tata Consultancy Services (TCS) was once again ranked as the most valuable Indian brand in the Kantar BrandZ Most Valuable Indian Brands 2024 list. The company saw an impressive 16% increase in brand value during the financial year 2024, rising from $42.97 billion in 2023 to $49.66 billion—a growth of $6.69 …
