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 …
On June 13, 2024, Wipro, a top technology services and consulting company, announced a strategic partnership with Hewlett Packard Enterprise (HPE). They are launching a new GenAI solution at Wipro’s Customer Experience Center in the Cloud Studio’s Kodathi office. This solution will use Wipro’s Smart Operations platform and HPE’s Machine Learning Development Environment to improve …
After struggling in the initial trades today, Indian headline indices gained positive momentum and edged closer to their recent record highs. The broader indices significantly outperformed the main indices. Notable gainers included the energy, oil & gas, consumer durables, capital goods and telecommunication sectors. The BSE Information Technology Index was the sole losing index today. …
On Friday, the benchmark indices were trading in the green with the Sensex up around 95 points or 0.12% at 76,904, while the Nifty-50 was up around 42 points or 0.18% at 23,440. About 2,297 shares have advanced; 1,208 declined and 165 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
On Thursday Board of Directors of Puravanakara Limited approved a fundraising plan with Rs. 1000 Cr via Qualified Institutional Placement (QIP) mode in one or more phases. Through this method, listed companies raise capital by issuing fresh equity shares, or any securities other than warrants convertible to equity shares, to Qualified Institutional Buyers (QIB). The …
On June 12, 2024, Atul Auto Limited established a new subsidiary, Atulease Private Limited. The company has an initial investment of ₹10 lakh in share capital, with further funds to be injected per business requirements. Mr Vijay Kedia, a Non-Executive Director of Atul Auto Limited, has subscribed to 20,000 equity shares of Atulease Private Limited …
Axis Bank is fined a total amount of Rs. 1,66,25,000 by the Financial Intelligence Unit (FIU) on a case that dates back to 2021. The fine was imposed on the bank due to its failure to place a mechanism for detecting and reporting suspicious transactions. The order issued by the agency also highlighted the failure …
