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) …
Godfrey Phillips India Ltd (GPIL), an associate of the KK Modi group and Philip Morris Global Brands Inc is a prominent player in the Indian cigarette manufacturing industry. The company is on the verge of rewarding its shareholders with a generous 1:2 bonus issue, as announced in an exchange filing ahead of its 87th annual …
Introduction MIC Electronics Limited, a prominent player in the electronic industry, has recently received a significant order from the Ratlam Division of the Western Railway Zone. This order marks a key milestone in the company’s journey, highlighting its growing footprint in the railway infrastructure sector. Order Details The order involves the supply, installation, testing, and …
Gujarat Mineral Development Corporation Limited is a major Indian state-owned mineral and lignite mining company based in Ahmedabad. GMDC was founded in 1963. Its product range includes essential energy minerals like lignite, base metals, and industrial minerals like bauxite and fluorspar. The Coal Ministry gave three commercial coal mines to GMDC: The allocation of three …
