On June 13, 2024, Aurionpro Payment Solutions Private Limited, a subsidiary of Aurionpro, received official approval from the Reserve Bank of India to operate as an Online Payment Aggregator under the Payments Settlements Act, 2007, through its AuroPay brand. This achievement marks a significant milestone for Aurionpro, which has been known for over 25 years …
About IRDAI’s reform HDFC Life has expressed strong support for the Insurance Regulatory and Development Authority of India’s (IRDAI) recent reforms outlined in the Master Circular on Life Insurance Products. The company believes these measures will significantly improve the life insurance landscape in India, making it more accessible and beneficial for policyholders. While acknowledging a …
Exide Industries Limited (Exide), a leading manufacturer of storage batteries, announced a significant investment in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), on June 12, 2024. This strategic move underscores Exide’s commitment to the growing electric vehicle (EV) market in India. Equity Injection for Growth Exide invested ₹74,99,99,988 through a rights issue, a method …
On June 13, 2024, H.G. Solar Projects Private Limited, a wholly-owned subsidiary of H.G. Infra Engineering Limited, established a wholly-owned subsidiary called H.G. Sanchore Solar Project Private Limited. The target entity is H.G. Sanchore Solar Project Private Limited. As the company has not yet commenced business operations, its turnover is unavailable. The acquisition might be …
On June 13, 2024, Larsen & Toubro’s Hydrocarbon division secured a contract from Oil & Natural Gas Corporation (ONGC) for the Daman Upside Development Project-Wellhead Platforms & Pipelines. This project, located off India’s west coast in the Tapti Daman block, involves building four Wellhead Platforms, a 140-km Pipeline, and necessary Topside modifications. Commenting on this, …
On June 13, 2024, Mahindra & Mahindra Financial Services Limited (Mahindra Finance) informed in a stock exchange filing that the company partnered with Kotak Mahindra Life Insurance Company Ltd (Kotak Life). The company stated that the collaboration will benefit over 10 million Mahindra Finance customers by providing a comprehensive range of tailor-made life insurance solutions …
Jindal Stainless, India’s leading stainless steel manufacturer, has played a pivotal role in a landmark export initiative. The company supplied speciality stainless steel to construct 100 “Made in India” freight wagons destined for Mozambique. Stainless Steel Strengthens Export Capabilities This project marks a significant step forward for India’s export capabilities. The wagons, manufactured with Jindal …
Amara Raja Energy & Mobility Limited (formerly Amara Raja Batteries Limited) decided to invest in InoBat AS (formerly InoBat Auto AS), which is based in Oslo, Norway. InoBat AS is the parent company of InoBat Auto JSA, located in Banska Bystrica, Slovak Republic. The necessary transaction documents were signed on June 20, 2024. Objects And …
On June 20, 2024, Hampton Sky Realty Limited announced in a stock exchange filing that the company’s future plans to construct a state-of-the-art luxury hotel(s) on its owned land. This will be in partnership with an esteemed luxury hotel chain(s). This ambitious project aims to redefine opulence and hospitality, setting a new benchmark for luxury …
Aster DM Healthcare Limited is one of the largest integrated private healthcare service providers operating in GCC (Gulf Cooperation Council) countries and It is also an emerging player in India. It has an inherent emphasis on clinical excellence and it is also one of the few entities in the world with a strong presence across …
