On June 5, 2024, Hindustan Zinc, a prominent figure in integrated zinc-lead-silver production, marked notable achievements in reducing its carbon footprint. It has achieved a 14% reduction in greenhouse gas emission intensity compared to the baseline year 2020. Hindustan Zinc is recognised as the foremost sustainable company in the metals and mining sector. According to …
On June 5, 2024, Heritage Foods marked its 33rd Foundation Day by introducing a fresh lineup of products. Among these launches were the Truly Good Pure Ghee Laddus, a delightful addition to their offerings. Additionally, they unveiled an enticing range of ice cream tailored for kids. Available in Banana, Strawberry, Cotton Candy, and Bubblegum flavours, …
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 …
