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 …
Zee Media Corporation Limited (Zee Media) announced a strategic expansion into the burgeoning spirituality and wellbeing market through the incorporation of a wholly-owned subsidiary (WOS). This move signifies Zee Media’s commitment to content diversification and catering to a growing global audience. Tapping into a Lucrative Market The decision to establish a dedicated subsidiary reflects Zee …
On June 13, 2024, Bartronics India Limited announced in a stock exchange filing the renewal of its current contract on a financial inclusion project with Aryavart Bank for an additional one year. This agreement marks a significant milestone in the company’s efforts to deliver business correspondent services and promote financial inclusion in rural areas. They …
Dixon Technologies India, a prominent domestic electronics manufacturer, has announced ambitious plans to invest between ₹1,500-1,800 crore over the next three years. Atul B. Lall, the company’s Vice Chairman and Managing Director, outlined its strategy to expand production capacity and bolster component manufacturing. Funding for this expansion will be sourced internally through cash flow, with …
On June 13, 2024, Life Insurance Corporation of India (LIC) disclosed through a stock exchange filing that it had increased its stake in Dr. Reddy’s Laboratories Limited, a prominent player in the Indian pharmaceutical industry. LIC’s shareholding in Dr. Reddy’s rose from 4.95% to 5.01% of the paid-up capital, amounting to an increase from 82,61,579 …
On June 13, 2024, RITES Ltd, a premier transport infrastructure consultancy, announced in a stock exchange filing that it had signed a Memorandum of Understanding (MoU) with Delhi Metro Rail Corporation Ltd (DMRC). This strategic partnership focuses on comprehensive operations and management projects of Metro Railway Systems, including Rolling Stock, Depot Management, Station Management, and …
On June 13, 2024, Subex announced in an exchange filing its participation in the upcoming Digital Transformation World (DTW) event organised by TM Forum. The event will occur from June 18 to 20 in Copenhagen, Denmark. At the event, Subex will unveil its innovative AI squad, which autonomously learns about specific challenges and devises effective …
