Here’s news that’s set to make a real difference— the GST Council has just announced a major cut in the Goods and Services Tax (GST) on essential cancer drugs, bringing it down from 12% to 5% from September 13, 2024. This decision came out of the 54th GST Council meeting in New Delhi, with Union …
Dixon Technologies is a Noida-based Indian provider of manufacturing services for electronics. For businesses like Samsung, Xiaomi, Panasonic, and Philips, it provides contract manufacturing services for televisions, washing machines, cellphones, LED bulbs, battens, downlighters, and CCTV security systems. MoU between HP and Dixon Technologies: On Monday, September 9, Dixon Technologies (India) Ltd, a prominent contract …
Greaves Electric Mobility Private Limited (GEMPL), a prominent player in the electric mobility sector, has achieved a significant milestone. The Ministry of Heavy Industries (MHI) has officially approved the registration of its two-wheeler models—Nexus, Primus, Magnus, and Zeal—under the Electric Mobility Promotion Scheme (EMPS). This approval paves the way for GEMPL to benefit from the …
On September 9, 2024, Tilaknagar Industries Ltd announced a follow-on investment of ₹13.15 crore in Spaceman Spirits Lab Private Limited (SSL) over the next 18 months. This investment will increase Tilaknagar’s stake in SSL, the producer of the premium Indian craft gin Samsara and craft rum Sitara, from 10% to 20% on a fully diluted …
On September 9, 2024, Adani Green Energy Limited (AGEL) successfully completed the redemption of all outstanding USD 750 million 4.375% Holdco Notes, which were due on September 8, 2024. This move follows AGEL’s announcement in January 2024 to fully backstop these Holdco Notes through a redemption reserve account, which was maintained 8 months prior to …
The paper industry, with its rich historical roots, remains one of India’s most promising sectors. The history of paper-making in India stretches back to the early days of handcrafted manuscripts. Today, India’s paper industry generates around 80,000 crore rupees in revenue annually. The country boasts approximately 850 paper mills that collectively produce about 25 …
Shriram Finance, a leading Non-Banking Financial Company (NBFC) in India, is gearing up to secure $1 billion (approximately ₹8,300 crore) in overseas funding over the next six months. This substantial capital infusion will fuel the company’s business expansion and growth initiatives. The NBFC plans to raise $300 million in the coming weeks, possibly by October, …
Granules India Limited, a leading global pharmaceutical company, announced the successful completion of a US Food and Drug Administration (USFDA) inspection at its Gagillapur facility in Hyderabad, Telangana. The comprehensive inspection, conducted from August 26 to September 6, 2024, assessed the facility’s adherence to Current Good Manufacturing Practice (cGMP) standards and Pre-Approval Inspection (PAI) requirements. …
Nazara Technologies Limited announced a significant development with its acquisition of an additional 48.42% equity stake in Paper Boat Apps Private Limited. This acquisition, made on September 6, 2024, was pursuant to the Share Purchase Agreement (SPA) signed on July 19, 2024, between Nazara, Paper Boat Apps, and its founding shareholders, Mr. Anupam Dhanuka and …
Marico Limited has announced that it has entered into a definitive agreement to acquire the remaining 40% equity stake in Apcos Naturals Private Limited, the company that owns the beauty brand “Just Herbs.” This acquisition follows Marico’s initial strategic investment in Apcos Naturals, where the company had earlier acquired a 60% equity stake. With the …
