On June 5, 2024, Century Textiles and Industries Limited (CTIL) announced that its subsidiary Birla Estates Pvt. Ltd. entered into a joint venture with Barmalt India Pvt. Ltd. for a luxury residential group housing development initiative in Sector 31, Gurugram. Birla Estates Private Limited: It is a wholly-owned subsidiary of Century Textiles and Industries Limited …
On June 6, 2024, Persistent Systems Limited announced in a stock exchange filing the launch of GenAI Hub. GenAI Hub is an innovative platform developed to drive up the creation and deployment of Generative AI (GenAI) applications within enterprises. This platform easily integrates with an organisation’s existing infrastructure, data, and applications promoting the rapid development …
Orchid Pharma, a leading pharmaceutical company, has secured a major milestone with the approval of its innovative antibiotic by the Drugs Controller General of India (DCGI). This approval paves the way for the manufacturing and marketing of Enmetazobactam, a New Chemical Entity Active Pharmaceutical Ingredient (API) discovered and developed entirely within India. About Enmetazobactam The …
Torrent Pharmaceuticals Ltd is an Indian multinational pharmaceutical company, part of the Torrent Group, It is headquartered in Ahmedabad and is ranked fifth in the Indian Pharmaceuticals Market. It is amongst the Top 5 in the therapeutics segments of Cardiovascular (CV), Gastrointestinal (GI), Central Nervous System (CNS), and Vitamins Minerals Nutritionals (VMN). Torrent Pharma and …
Maruti Suzuki India Limited (formerly Maruti Udyog Limited) is the Indian subsidiary of Japanese automaker Suzuki Motor Corporation. The Government of India established Maruti Udyog Limited in February 1981 as a joint venture with Suzuki Motor Corporation as a small partner. Maruti is one leading car makers in the Indian passenger car market. Maruti Suzuki …
On Wednesday, Kotak Mahindra Bank announced that it has obtained approval from the RBI to sell a 70 percent stake in its general insurance division to Zurich Insurance Company. Kotak Mahindra Bank has a 100% insurance subsidiary named Kotak Mahindra General Insurance. Kotak to sell 70% stake to Zurich Insurance Company On Wednesday, Kotak Mahindra …
On June 4, 2024, the Indian stock markets experienced significant volatility due to the unexpected results of the general elections. The Nifty index plunged 5.93% to 21,884.5, marking its worst fall since March 2020. Similarly, the Sensex tanked 5.74% to 72,079.05, the most significant decline since May 2020. The rising India VIX index also added …
One of the prominent airlines, SpiceJet, plans to raise more funds. On June 5, 2024, SpiceJet Chief Ajay Singh announced that the airline plans to raise approximately USD 250 million in the coming months to enhance its operations. The budget carrier is navigating various challenges, including issues with lessors and debt, with Singh noting that …
Bharat Parenterals Ltd has announced that it will purchase an additional 9,985,477 equity shares of its subsidiary, Innoxel Lifesciences Pvt Ltd, on a preferential basis. Each share has a face value of ₹10 and will be acquired at a premium of ₹54.90, making the total price per share ₹64.90. The target entity is Innoxel Lifesciences …
The recent election result was a major shocker for the stock market. Expectations were high for a strong majority of the BJP government, especially after the exit poll results, and the market had already priced in the anticipation of a BJP-led government continuing their capex policy. However, the outcome was a coalition government, leading to …
