Texmaco Rail & Engineering Limited (Texmaco Rail) announced a strategic move to strengthen its position in the commuter mobility segment. The company has entered into definitive agreements (Shareholders’ Agreement and Share Purchase Agreement) with Saira Asia Interiors Private Limited (Saira Asia) and its existing shareholders. Following the acquisition, Saira Asia will become a wholly-owned subsidiary …
Lupin Limited (Lupin), a leading global pharmaceutical company, announced the successful acquisition of two established brands from Sanofi. The transaction, completed by Lupin’s European hub entity, Lupin Atlantis Holdings SA, encompasses AaraneTM in Germany and NalcromTM in Canada and the Netherlands, along with associated trademark rights. This strategic move aligns perfectly with Lupin’s focus on …
Indian indices plunged on Tuesday as voting trends indicated results were falling short of the exit polls. Both BSE Sensex and NSE Nifty 50 saw their biggest single-day fall in four years after trends showed the incumbent Bharatiya Janata Party was struggling to secure a clear majority. The unexpected outcome of the Lok Sabha polls …
On June 5, 2024, Greaves Cotton Limited informed in a stock exchange filing that the company’s electric mobility segment, Greaves Electric Mobility Private Limited (GEMPL) will start the deliveries for the highly anticipated Nexus electric scooters, marking Ampere’s 16th anniversary. The deliveries will begin in Bangalore in the first week of June 2024. Ampere’s first …
On June 4, 2024, HEG Graphite Limited was established as a wholly-owned subsidiary of HEG Limited. It has an authorised capital of ₹1,00,000 and a paid-up capital of ₹1,00,000. HEG Graphite Limited is incorporated with the primary objective of engaging in various activities, including manufacturing graphite electrodes. Cost of Acquisition The acquisition involves 10,000 equity …
Ashok Leyland launches a comprehensive insurance policy, Sarathi Suraksha Policy, designed to safeguard the driver community. The Sarathi Suraksha Policy offers coverage of up to ₹10 lakh per chassis for accidental death and permanent, and partial disability. Additionally, it includes benefits for accidental hospitalisation and offers a special education bonus for children. Effective from June …
On June 4, 2024, ICICI Lombard General Insurance Company Limited informed in a stock exchange filing that the company had acquired equity shares in Axis Bank Limited. The cost of acquisition for the shares was ₹1.61 billion prior to the date of acquisition, with a cumulative total of ₹1.73 billion up to the acquisition date. …
On June 4, 2024, S H Kelkar and Company Limited informed in a stock exchange filing that the company’s wholly-owned subsidiary, Keva Europe B.V., has incorporated a company in Germany. The newly incorporated company, namely Keva Germany GmbH, is the wholly owned subsidiary of Keva Europe B.V., and it has been registered in the German …
Wipro Limited, a leading global technology services and consulting company, has announced a strategic partnership with Zscaler to introduce Wipro Cyber X-Ray. This innovative platform leverages AI to empower enterprise Chief Experience Officers (CXOs) with critical decision-support capabilities in the realm of cybersecurity. Security leaders across various organisations often face a significant challenge: gaining comprehensive …
Container Corporation of India Ltd (CONCOR) and Shipping Corporation of India Ltd (SCI) signed a Memorandum of Understanding (MoU) in the presence of senior officials from both organisations. This strategic partnership aims to leverage the combined strengths of CONCOR and SCI to offer customers a comprehensive and cost-effective logistics experience. Industry Leaders Unite CONCOR is …
