Hindustan Aeronautics Limited (HAL) has announced a landmark contract with the Ministry of Defence (MoD) for the supply of 240 AL-31FP aero-engines, valued at over ₹26,000 crore. This significant agreement, approved by the Cabinet Committee on Security (CCS), marks a major milestone in India’s defence sector and supports the Aatmanirbhar Bharat initiative aimed at boosting …
Lemon Tree Hotels has just signed a deal to open a new hotel in Nashik, Maharashtra. This property, set to launch in FY26, will be managed by Carnation Hotels Private Limited, a subsidiary of Lemon Tree Hotels. Key Features & Location The upcoming hotel will feature 57 well-appointed rooms and include amenities such as a …
Introduction: A New Dawn in Electric Mobility On World EV Day, Mahindra Last Mile Mobility Limited (MLMML) unveiled its latest innovation, the e-ZEO, an electric four-wheeler that promises to redefine last-mile mobility in India. As the nation’s leading electric CV manufacturer, Mahindra aims to push the boundaries of sustainable transportation, targeting a segment traditionally dominated …
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 …
