India is one of the largest gold markets, and growing affluence is driving growth in demand. India has a strong cultural affinity for gold, which has led to the development of a thriving gold-based financial system. Rising disposable incomes and technological developments are driving up demand for jewellery, both traditional and modern. A developing trend …
With India setting an ambitious target of achieving net zero emissions by 2070, the focus on green hydrogen has never been more intense. The National Green Hydrogen Mission, launched in January 2023, is a key initiative to support domestic hydrogen production and position India as a competitive player in the global market. There are several …
Star Cement Limited announced the incorporation of M/s. RI PNAR CEMENT PRIVATE LIMITED (RPCPL) in Meghalaya. M/s. RI PNAR CEMENT PRIVATE LIMITED is a wholly owned subsidiary of M/s. Star Cement Limited, making it a related party. This acquisition is done at arm’s length, meaning it is conducted fairly and transparently. The incorporation of M/s. …
India’s textile industry, one of the country’s most significant sectors, is projected to grow to $350 billion by 2030 and add 3.5 crore jobs, according to textiles minister Giriraj Singh. Speaking at the Curtain Raiser event of ‘Bharat Tex 2025’, Singh emphasised the role of India’s demographic dividend in driving this growth, positioning the country …
In FY23, the IT industry contributed 7.5% to India’s GDP, with expectations to reach 10% by 2025. As digital innovations spread across various sectors, India is poised for further IT growth. Known for its vast Internet user base and affordable rates, 76 crore Indians now have online access. The National Association of Software and Service …
Dynamatic Technologies Limited and Sansera Engineering Limited have signed an agreement to work together on supplying complex structural parts for the Airbus A220 door program. Dynamatic Technologies is pleased to announce that it has awarded Sansera Engineering a long-term contract to manufacture these critical components. This partnership strengthens the relationship between the two companies and …
Clean Science and Technology Limited has subscribed to an additional 836,121 equity shares of its wholly-owned subsidiary, Clean Fino-Chem Limited. The shares were acquired through Clean Fino-Chem’s rights issue and will rank equally with the existing equity shares. As CFCL is a related party to CSTL, the acquisition is considered a related party transaction. However, …
On September 6, 2024, Strides Pharma Science Limited announced that its subsidiary, Strides Pharma Global Pte. Limited in Singapore has received approval from the USFDA for its generic version of Theophylline Extended-Release Tablets in 300 mg and 450 mg dosages. These tablets are similar in effect to the brand name drug THEO-DUR® by Schering Corp. …
Aditya Birla Fashion and Retail Ltd. (ABFRL), one of India’s top retail giants, announced that it is ready to raise up to Rs.500 crore through non-convertible debentures (NCDs). The board’s finance committee gave the go-ahead for the fundraise during a meeting that happened recently, as revealed in a filing. This will hopefully help ABFRL strengthen …
On September 6, 2024, Va Tech Wabag Ltd announced a major contract worth approximately USD 317 million (SAR 1,190 million / ₹2,700 crore) from the Saudi Water Authority (SWA). This order was awarded for the Engineering, Procurement, Construction, and Commissioning (EPCC) of a 300 Million Litres per Day (MLD) Mega Sea Water Reverse Osmosis (SWRO) …
