Honeywell Automation India Limited (HAIL) has successfully commissioned a microgrid Battery Energy Storage System (BESS) in India for the Solar Energy Corporation of India’s (SECI) Lakshadweep Islands project. This marks a significant milestone in India’s renewable energy sector, as it is the country’s first on-grid solar initiative utilising BESS to manage renewable power supply. Honeywell’s …
Shares of Rama Steel Tubes Ltd. have seen a significant surge this week, gaining up to 16% on Thursday following a 10% increase on Wednesday. This upward momentum can be attributed to the company’s strategic partnership with Onix Renewable Ltd. On September 05, 2024, Rama Steel Tubes shares opened at ₹11.82 and touched the day …
On September 4, 2024, Satin Creditcare Network Limited (SCNL), a leading microfinance institution in India, successfully completed its first Pass-Through Certificate (PTC) transaction with HSBC India. The deal, worth ₹119.12 crore, was finalised with a coupon rate of 9.30%. Transaction Highlights Instrument: Series A1 PTCs Issue Date: August 30, 2024 Maturity Date: August 12, 2026 …
Introduction Reliance Industries Limited (RIL) has recently made significant announcements that have caught the attention of its shareholders and the broader market. The company has not only recommended issuing bonus shares but also approved the forfeiture of partly paid-up equity shares on which call money remains unpaid. In this blog, we will explore the implications …
Life Insurance Corporation of India (LIC), the country’s largest insurer, has been hit with a major Goods and Services Tax (GST) demand order amounting to Rs.605.58 crore for the financial year 2019-20. The order, issued by the Deputy Commissioner of State Tax in Mumbai, includes a GST amount of Rs 294.43 crore, interest of Rs …
Vimta Labs Limited, a renowned player in the life sciences sector, has announced a significant corporate move by transferring its diagnostics and pathological services business to Thyrocare Technologies Limited through a Business Transfer Agreement (BTA). This strategic slump sale aims to streamline operations and focus on core competencies. Key Highlights of the Deal Agreement Date: …
In recent years, the demand for batteries has surged, driven by technological advancements and a growing emphasis on renewable energy. This has increased interest in battery companies, which play a crucial role in powering everything from electric vehicles to portable electronics. India, with its expanding economy and focus on green energy, is home to several …
India’s energy demand is projected to rise more rapidly than that of any other country in the coming decades, driven by its vast size and significant growth potential. As of 2023, India ranks 4th globally in wind and solar power capacity and 4th in total green energy installed capacity. The country’s installed power generation capacity …
On August 30, 2024, Aurionpro Payments, a part of Aurionpro, celebrated its launch as an online payment aggregator. This milestone comes after getting approval from the Reserve Bank of India and marks Aurionpro’s entry into the fast-growing payments industry. The announcement was made at the Global Fintech Fest 2024 in Mumbai, one of the largest …
On August 30, 2024, Thyrocare Technologies Limited, a major player in healthcare diagnostics, announced that it had signed a Business Transfer Agreement with Vimta Labs Limited. This agreement involves Thyrocare acquiring Vimta Labs’ diagnostic and pathological services business. Key Details Of The Deal Thyrocare will purchase the diagnostic and pathological services business from Vimta Labs. …
