On May 30, 2024, Schaeffler India introduced a pioneering initiative to support underprivileged youth in the emerging field of electric vehicle (EV) maintenance. This is a collaborative venture between Schaeffler India and Don Bosco Training Centre in Pimpri Chinchwad, Pune. It is part of the Schaeffler Technical Enhancement Programme (STEP). Inaugurated by Andreas Schick, Schaeffler’s …
On May 29, 2024, Thermax Limited informed in an exchange filing about the incorporation of a new wholly-owned subsidiary, Thermax Chemical Solutions Private Limited (TCSPL). About the Wholly Owned Subsidiary Thermax Limited stated that Thermax Chemical Solutions Private Limited was incorporated on May 28, 2024. The company’s authorised share capital is ₹12 crore divided into …
In a move designed to strengthen its financial position and support strategic growth initiatives, Tata Steel Limited announced a significant capital infusion plan for its wholly-owned foreign subsidiary, T Steel Holdings Pte. Ltd (TSHP). This multifaceted strategy combines equity subscription and debt restructuring to enhance Tata Steel’s long-term financial resilience. Capital Injection for Strategic Objectives …
On May 30, 2024, Marksans Pharma Ltd, one of the leading pharmaceutical companies in India, released its results for the quarter and year ended March 31, 2024. Quarterly Performance Operating revenue was ₹560.0 crore, up 15.2% YoY due to new product launches, increased share with current customers, volume gains, and client additions. With a 51.8% …
IRB Infrastructure Developers Limited (formerly IRB Infrastructure Developers Private Limited), is an Indian highway construction company, It is a part of the IRB Group. It is a leading player in highway construction and infrastructure development in India. With 25 years of experience, the company has built, tolled, operated, and maintained approximately 18,500 lane kilometers across …
SJVN Ltd., formerly known as Satluj Jal Vidyut Nigam, is an Indian public sector undertaking involved in hydroelectric power generation and transmission. It was incorporated in 1988 as a joint venture between the Government of India and the Government of Himachal Pradesh. SJVN board approved signing a joint venture agreement with Indian Oil Corporation Limited …
On May 30, 2024, JSW Steel announced in an exchange filing that it is enhancing its product mix by introducing JSW Magsure. Through this indigenous ‘Made In India’ product, the company aims to reduce the country’s reliance on coated steel imports. JSW Steel becomes the first and only Indian steel company to produce and market …
On May 29, 2024, Maithan Alloys Limited informed in a stock exchange filing that the company had acquired equity shares of a listed entity, GAIL (India) Ltd, through the Stock Exchange. Details of the Acquisition The shares of Gail India Ltd were acquired through the stock exchange and formed part of the investment of Maithan …
On May 29, 2024, ITC Hotels, a division of ITC Ltd, announced a management agreement with the Jaipur-based Dangayach Group for a property under the Storii brand in Jaisalmer, Rajasthan. According to the company, Storii by ITC Hotels in Jaisalmer will be a 119-key resort situated east of the city on the Jodhpur-Jaisalmer Road. This …
IndiaMART InterMESH Limited (Company) has announced an agreement to acquire 10% of the share capital (on a fully diluted basis) of M/s Baldor Technologies Private Limited (IDfy). IDfy, operating under the brand IDfy, provides products and solutions for KYC, background verifications, risk mitigation, digital onboarding, and digital privacy. The company is based at its registered …
