Steel Strips Wheels Limited (SSWL), a leading Indian manufacturer of automotive wheel rims, marked a significant milestone on April 16, 2024, by announcing a new alloy wheel supply agreement with a top passenger vehicle (PV) manufacturer in India. This strategic partnership strengthens SSWL’s position as a key player in the evolving Indian automotive industry, particularly …
On April 16, 2024, Sterlite Technologies Ltd (STL), a prominent player in optical and digital solutions, announced a successful fundraising effort. Through a Qualified Institutional Placement (QIP), STL secured ₹1,000 crore. Global and Indian Investors Drive Demand The QIP offering attracted participation from a diverse group of esteemed investors, including both global and Indian institutions. …
Senco Gold Limited is an India-based jewellery retailer. The company primarily sells gold and diamond jewellery and also offers jewellery made of silver, platinum, precious and semi-precious stones, and other metals. There is a significant surge in the company’s stock price today. Share Performance At the start of the day’s trading session, the stock opened …
On April 15, 2024, Hitech Corporation Ltd informed in an exchange filing that the company’s board of directors held a meeting and approved the proposal to incorporate a wholly-owned subsidiary in the United States of America (USA). Details of the Wholly Owned Subsidiary On Monday, the board of directors of Hitech Corporation Ltd approved the …
Jio Financial Services, The financial subsidiary of Reliance Industries, witnessed a significant surge of 5% during today’s intraday session, reaching Rs.371.95 per share. This increase follows the company’s announcement, made through an exchange filing on Monday, regarding the signing of an agreement to establish a 50:50 joint venture with BlackRock. What Has Been Said? “BlackRock, …
On April 15, 2024, Cipla Ltd announced in a stock exchange filing that the company’s wholly-owned subsidiary, Cipla Health Limited (CHL), has signed a business transfer agreement (BTA) to purchase the distribution and marketing business undertaking of the cosmetics and personal care business of Ivia Beaute Private Limited, India (IVIA). This undertaking includes IVIA’s brands, …
GTPL Hathway Limited, the leading and largest multi-system operator (MSO) in India, released its results for the quarter (Q4 FY2024) and financial year ending March 31, 2024. During the quarter ended March 31, 2024, the company recorded a YoY growth of 16% in revenue to ₹ 8,148 million. In addition, the subscription and broadband revenue …
On April 15, 2024, Elpro International Ltd informed in an exchange filing that the company acquired a stake in the healthcare service provider Thyrocare Technologies Limited. Details of the Acquisition On Monday, Elpro International Ltd acquired 89,435 equity shares in Thyrocare Technologies Limited. Previously, Elpro International held 39,983 equity shares in Thyrocare Technologies. With this …
On April 15, 2024, ICICI Lombard General Insurance Company Limited announced in a stock exchange filing that the company acquired shares in Kotak Mahindra Bank Limited and SRF Limited. Details of the Acquisition ICICI Lombard General Insurance Company acquired a stake in Kotak Mahindra Bank Limited and SRF Limited. Post-acquisition, ICICI Lombard General Insurance Company …
One of the leading liquor companies in India, Radico Khaitan Limited, launched The Kohinoor Reserve Indian Dark Rum at the IAADFS Summit of the Americas in Florida, USA, from April 14 to 17, 2024. The company further added that The Kohinoor Reserve Indian Dark Rum is crafted via small-batch distillation, using only fresh cane juice …
