On June 14, 2024, Lemon Tree Hotels Limited announced in a stock exchange filing the opening of Keys Lite by Lemon Tree Hotels, Urban Square, Udaipur. This is the ninth property of the group in the scenic state of Rajasthan. It is also the third offering of the brand in the City of Lakes after …
Havells India Limited is an Indian multinational electrical equipment company, based in Noida. The company manufactures home appliances, lighting for domestic, commercial, and industrial applications, LED lighting, fans, modular switches industrial and domestic cables and wires, induction motors, etc. Havells owns brands like Havells, Lloyd, Crabtree, Standard Electric, Reo, and Promptec. The company has a …
National Aluminium Company (NALCO) has issued a Mining Lease deed with the State Government of Odisha, on 13 June 2024. The lease covers over 697 hectares of Bauxite Mines in Pottangi Tehsil, Koraput District, projecting a mine life of 32 years. The mines have an annual production capacity of 3.5 Million tonnes and have reserves …
Suraksha Group invested ₹125 crore in Jaypee Infratech Limited (JIL), providing hope to over 20,000 homebuyers who had invested in halted projects. Equity Infusion to Accelerate Construction This investment, made in the form of promoter’s equity, signifies a critical step towards expediting construction work on unfinished projects. Suraksha Group, which emerged as the successful bidder …
A recent stakeholder meeting hosted by the Petroleum and Natural Gas Regulatory Board (PNGRB) regarding draft regulations for petroleum product pipeline tariffs sparked debate among oil marketing companies (OMCs). Reliance Opposes Annual Escalation Reliance Industries, a major player in the Indian oil and gas sector, stated its disapproval of the proposed annual escalation of 3.4% …
Tata Consumer Products Ltd (TCPL) intends to evolve into a comprehensive, Fast-Moving Consumer Goods (FMCG) entity, announcing plans to venture into new product categories. The company has substantially increased its capital expenditure to ₹785 crore for FY 2025, primarily toward establishing a new facility in Vietnam. During the annual general meeting, Chairman N Chandrasekaran, who …
On June 13, 2024, Zaggle Prepaid Ocean Services Limited (Zaggle) entered into an agreement with Skydo Technologies Private Limited. Under this service agreement, Skydo Technologies will provide cross-border payment capabilities to Zaggle’s corporate customers. The contract, awarded by a domestic entity, will begin on June 13, 2024, and will continue until terminated based on mutually …
Suzlon Energy, a leading Indian wind turbine manufacturer, recently sent shockwaves through the market with the resignation of an independent director, Marc Desaedeleer. Citing concerns about the company’s corporate governance practices, Desaedeleer’s departure raises questions for investors: Is this a significant issue, or is it only a temporary glitch? What Happened? In his resignation letter, …
Signatureglobal (India) Limited (SGIL), a leading real estate developer, announced key developments that are strengthening its market position. Strategic Land Acquisition On June 13, 2024, SGIL’s wholly-owned subsidiary, Sternal Buildcon Private Limited, executed a sale deed to acquire approximately 3.80625 acres of land in Sector 37D, Gurugram. Strategically located on Dwarka Expressway near Village Harsaru, …
On June 13, 2024, Suven Pharmaceuticals Limited announced that it had signed definitive agreements to acquire 100% of Sapala Organics Private Limited, a contract development and manufacturing organisation (CDMO) based in Hyderabad that specialises in oligo drugs and nucleic acid building blocks. The acquisition will occur in stages, starting with an initial 67.5% purchase through …
