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Vaibhav Global  Secured Rating Upgrade to CARE A+ From CARE Ratings

Vaibhav Global Secured Rating Upgrade to CARE A+ From CARE Ratings

18 September 2024

Vaibhav Global Limited (VGL) is delighted to announce that CARE Ratings Limited has upgraded its long-term bank facilities rating from “CARE A” to “CARE A+” with a stable outlook. This significant upgrade underscores the company’s robust financial position and positive outlook. The short-term rating has been reaffirmed at “CARE A1” with a stable outlook, reflecting …

SKF to Spin Off Automotive Business, Aiming for 2026 Nasdaq Listing

SKF to Spin Off Automotive Business, Aiming for 2026 Nasdaq Listing

18 September 2024

On September 17, 2024, SKF’s Board of Directors announced plans to spin off its Automotive business, aiming for a separate listing on Nasdaq Stockholm through a Lex Asea distribution to shareholders.  The goal is to complete this listing in the first half of 2026. This separation will allow SKF to focus more sharply on the …

Torrent Power Secures Major Energy Storage Deal with MSEDCL

Torrent Power Secures Major Energy Storage Deal with MSEDCL

18 September 2024

On September 17, 2024, Torrent Power Limited won the bid and received a Letter of Intent (LOI) from Maharashtra State Electricity Distribution Co. Limited (MSEDCL). This LOI is for buying 1,500 MW of energy storage capacity from a Pumped Hydro Storage Project. MSEDCL will issue a detailed Letter of Award after getting approval from the …

Best Large Cap Stocks in India in September 2024 – Based on 5yr CAGR

Best Large Cap Stocks in India in September 2024 – Based on 5yr CAGR

17 September 2024

Keywords: best large cap stocks, large cap stocks, large cap stocks list, large cap stocks list in nse, good large cap stocks Large-cap stocks are the foundation of the stock market. These companies have a solid market position and well-known brands, which helps them stay ahead of their competitors. The Securities and Exchange Board of …

Alkem Laboratories Launches New Wholly Owned Subsidiary: Alkem Wellness Limited

Alkem Laboratories Launches New Wholly Owned Subsidiary: Alkem Wellness Limited

17 September 2024

On September 16, 2024, Alkem Laboratories Limited announced via a stock exchange filing that it had incorporated a new Wholly Owned Subsidiary named ‘Alkem Wellness Limited’. Alkem Wellness Limited, a newly incorporated wholly owned subsidiary (WOS) of Alkem Laboratories Limited, has an authorised share capital of ₹100 crore, divided into 10 crore equity shares of …

Reliance Infra will consider fundraising on Sept. 19.

Reliance Infra will consider fundraising on Sept. 19.

17 September 2024

Reliance Infrastructure Limited has a strong presence in the power sector, with a significant portfolio of power generation projects across India. The company also has interests in infrastructure development, including roads, bridges, and metro rail projects. In addition, Reliance Infrastructure is involved in construction activities, with a focus on building world-class facilities and structures. The …

Indo Count Industries unit bought an 81% stake in Fluvitex USA

Indo Count Industries unit bought an 81% stake in Fluvitex USA

17 September 2024

The only goal of Indo Count, a specialized end-to-end bedding provider, is to provide complete sleep experiences. Our enthusiasm and global perspective have enabled us to penetrate 49 markets, to add more each year. Several of the most well-known retail, hospitality, and fashion brands in the world choose to work with us as their preferred …

Torrent Power entered a MoU with the Gujarat government

Torrent Power entered a MoU with the Gujarat government

17 September 2024

Torrent Power is a prominent player in the Indian power industry, primarily operating in Gujarat and Maharashtra. In addition to thermal, gas, and renewable energy sources, Torrent Power has a broad portfolio of power generation assets. To guarantee that their consumers receive a consistent and effective supply of electricity, they have also made significant investments …

Best Stocks Under ₹50 in September 2024 Based on 5Y CAGR

Best Stocks Under ₹50 in September 2024 Based on 5Y CAGR

17 September 2024

In the Indian stock market, stocks priced under ₹50 are often seen as speculative plays with the potential for high returns. These stocks are typically from smaller companies or those going through a period of volatility, and they can be an attractive option for investors with a higher risk tolerance. While the low price point …

JBM ECOLIFE Secures $100M Funding to Expand Electric Bus Operations in India

JBM ECOLIFE Secures $100M Funding to Expand Electric Bus Operations in India

17 September 2024

On September 17, 2024, JBM ECOLIFE Mobility (P) Ltd, a joint venture and subsidiary of JBM Auto Limited, announced that it had secured $100 million in strategic funding from the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB).  This funding will support the company’s efforts to supply and operate electric buses across …

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