Alkem Laboratories Limited, a leading pharmaceutical company in India, announced a strategic investment of ₹30,00,05,156 in HaystackAnalytics Private Limited. This pre-Series A investment signifies Alkem’s commitment to harnessing the power of advanced genomic data analysis for improved diagnostics and business growth. Aligning with Growth Strategies The investment falls outside the purview of related party transactions. …
Hero MotoCorp Limited, India’s leading two-wheeler manufacturer, announced on June 6, 2024, a strategic move to further solidify its presence in the electric vehicle (EV) space. The company’s Board of Directors approved the purchase of additional shares in Ather Energy Private Limited, a prominent player in the Indian EV market. This investment underscores Hero MotoCorp’s …
On June 06, 2024, Muthoot Microfin Limited, a leading microfinance institution headquartered in Kochi, announced a significant milestone. The company entered a strategic co-lending partnership with the leading commercial bank, State Bank of India (SBI). With this collaboration, Muthoot Microfin Limited aims to extend its financial services to women entrepreneurs in rural and semi-urban regions …
Valor Estate Limited (VEL), a leading real estate developer in India, announced a significant restructuring plan aimed at streamlining operations and unlocking further growth potential. The Board of Directors has approved a Composite Scheme of Amalgamation and Arrangement (Composite Scheme) that proposes the following key actions: Merger and Demerger: Esteem Properties Private Limited (Esteem), a …
Zen, a leading Indian provider of anti-drone technology and defence training solutions, has achieved a significant milestone in bolstering the nation’s air defence capabilities. The company successfully delivered its innovative Zen Anti-Drone System with Hard-Kill (Zen ADS HK) to the Army Air Defence College (AADC) in Gopalpur, Odisha. Meeting Evolving Threats The AADC, responsible for …
On June 6, 2024, Nessa International Holdings Limited, an FSN E-Commerce Ventures Limited subsidiary, established a new wholly-owned subsidiary in Kuwait named Nysaa International for Wholesale and Retail Trade. The promoter, promoter group, or affiliated entities are not involved or interested in the established entity. Therefore, there are no concerns regarding the nature of interest …
Sun Pharmaceutical Industries Limited, along with its subsidiaries and affiliates, has entered into an agreement with HaystackAnalytics Private Limited (“Haystack”). Under this agreement, Sun Pharma will acquire a 9.6% stake in Haystack’s total outstanding securities. HaystackAnalytics Private Limited (Haystack) is registered under the Companies Act 2013. Its registered office is in Mumbai. Haystack develops genomic …
Tata Chemicals Limited is an Indian multinational corporation with interests in chemicals, crop protection, and specialty chemistry products The company is headquartered in Mumbai and has operations across India, Europe, North America, and Africa. Tata Chemicals is a part of the Tata Group and its shares are listed on the exchanges. It has a market …
The Indian markets are trading in the green and higher than the closing levels of the last trading session. Currently, the BSE Sensex is trading at around 75,631, representing a gain of 0.74%, or an increase of 556.93 points compared to the closing levels of the previous day. Meanwhile, on the NSE Nifty 50, trading …
ITC Limited is an Indian conglomerate company, headquartered in Kolkata. It has a presence across six business segments, namely FMCG, hotels, agribusiness, information technology, paper products, and packaging. The ITC shareholders have approved the demerger of ITC Hotels with a majority of 99.6%. Proposed Demerger ITC approved the Scheme of Arrangement between ITC Ltd and …
