The Tata Group Company reported its fourth-quarter results on Tuesday, April 23 reporting a drop of about 22.5% in net profit to Rs.267.7 crores which is below estimates. Though there is a rise in revenue. Breakdown of Results Tata Consumer Products in the fourth quarter has reported a rise of 8.5% in its revenue from …
Dr. Reddy’s Laboratories Ltd., a leading pharmaceutical company, announced a voluntary nationwide recall of six (6) specific lots of Sapropterin Dihydrochloride Powder for Oral Solution 100 mg. This recall is due to powder discolouration observed in some packets, which could decrease the medication’s potency. Cause of the Recall The issue with powder discolouration was discovered …
ArcelorMittal Nippon Steel India Ltd., a joint venture between global steel giants, is in discussions with banks to secure approximately Rs 8,336.72 crores or USD 1 billion in funding, sources familiar with the matter revealed. The proposed loan, aimed at financing the company’s expansion, would mark the largest rupee-denominated loan in India this year if …
Dixon Technologies (India) Limited announced in an exchange filing that the company’s wholly-owned subsidiary, Padget Electronics Private Limited, had entered into an Agreement with Longcheer Mobile India Private Limited. Details of the Agreement On April 19, 2024, Padget Electronics Private Limited entered into an agreement with Longcheer Mobile India Private Limited to undertake the manufacturing …
Oil and Natural Gas Corporation Ltd (ONGC) is the largest natural gas and crude oil company in India, contributing nearly 71% of India’s domestic production. Interestingly, despite the geo-political pressure, fluctuating crude oil prices, along with upcoming quarter results, general elections, and the Iran- Israel conflict the stock price has shown a good 5.50% rise …
On April 18, 2024, Infosys Ltd informed in an exchange filing that the company had signed a definitive agreement to acquire in-tech and strengthen its footprint across Europe. Details of the Acquisition On Thursday, prominent information technology company Infosys Ltd announced a definitive agreement to acquire in-tech, which is a leading engineering R&D services provider …
India’s space sector has seen significant growth and development over the past years, with organizations like the Indian Space Research Organisation (ISRO) leading the charge in the space sector. However, Elon Musk, the CEO of Tesla and SpaceX is visiting India this month and he is expected to explore investment opportunities in India which aligns …
On April 19, 2024, Aurionpro Solutions informed in an exchange filing that the company acquired Arya.ai to power next-generation enterprise AI platforms for financial institutions worldwide. Details of the Acquisition Aurionpro Solutions Limited announces the strategic acquisition of Mumbai-based Banking and Insurance focused Platform as a Service (PaaS) startup Arya.ai. With Arya.ai, Aurionpro Solutions will …
On April 18, 2024, Hinduja Global Solutions Limited informed in an exchange filing that the company’s subsidiary ONEOTT Intertainment Limited has entered into an agreement to acquire 51% shareholding of Seven Star Balaji Broadband Private Limited. Details of the Acquisition Hinduja Global Solutions Limited’s subsidiary, ONEOTT Intertainment Limited (ONEOTT), in which the company holds a …
Bajaj Auto, a leading Indian two-wheeler manufacturer, announced a significant move on April 18, 2024, that promises to accelerate their growth trajectory. The company’s board of directors approved an additional fund infusion of ₹2,250 crore (approximately USD 2.6 billion) into its wholly-owned subsidiary, Bajaj Auto Credit Limited (BACL). This strategic investment signifies Bajaj Auto’s commitment …
