Electric vehicles (EVs) are gaining traction in India, but charging infrastructure remains a key concern. To address this, Mahindra & Mahindra (M&M), a leading SUV and EV manufacturer, has signed a Memorandum of Understanding (MoU) with Adani Total Energies E-Mobility (ATEL), a subsidiary of Adani Total Gas Limited in a strategic move on March 21, …
On March 21, 2024, DroneAcharya Aerial Innovations informed in an exchange filing that the company and Hadron Aviation Pvt. Ltd have entered into a Memorandum of Understanding (MoU) to jointly develop diploma and certificate courses in the field of drones. Details of the Partnership On Thursday, DroneAcharya announced a partnership with Hadron Aviation to offer …
Online insurance aggregator PB Fintech, which operates as a loan and insurance product aggregator Policybazaar, has received the Board of Directors’ approval to incorporate a wholly-owned subsidiary to carry on the business of payment aggregator. Details of the Subsidiary On March 20, 2024, PB Fintech held a board meeting and confirmed that the board of …
Sapphire Foods India, the company behind the popular pizza chain Dominos, has received a significant boost. On March 20, 2024, the National Company Law Tribunal (NCLT) in Mumbai approved the merger of Gamma Pizzakraft Private Limited and Gamma Pizzakraft (Overseas) Private Limited with Sapphire Foods India. This move simplifies Sapphire Foods’ corporate structure and potentially …
After experiencing significant declines in multiple trading sessions, Indian benchmark indices saw a sharp upswing today, fuelled by robust gains in metals, power, capital goods, and energy sectors. The surge reflected strong investor optimism, which was also evident in the broader markets. At 10:30 am, the BSE Sensex climbed 0.99% reaching a level of 72,811. …
Torrent Power Limited, a leading Indian power generation company, has taken a significant step towards strengthening its transmission infrastructure. The company recently signed a Share Purchase Agreement (SPA) with PFC Consulting Limited to acquire a 100% equity stake in Solapur Transmission Limited (STL), a special purpose vehicle (SPV), on March 20, 2024. Let’s delve deeper …
On March 20, 2024, ASM Technologies announced that the company plans to raise ₹170.1 crore through preferential allotment of equity shares and warrants. The company has already raised ₹70 crore out of the total planned fundraising of ₹170.1 crore. The remaining ₹100.1 crore will be received over the period of 18 months. Details of the …
Prominent jewellery and watch retailer Titan Company Ltd is planning to launch its CaratLane jewellery line in the US market in FY 2025. This move was initiated after the successful overseas launch of another famous brand, Tanishq, in 2020. Titan Company’s International Market Presence According to the Managing Director of Titan Company, C.K. Venkataraman, the …
A Legacy of Excellence In a momentous stride towards fortifying India’s power infrastructure, the Grid Controller of India, now rebranded as GRID-INDIA, has attained the esteemed stature of a Miniratna Category-I Central Public Sector Enterprise (CPSE). This accolade, bestowed by the Ministry of Power, Government of India, underscores GRID-INDIA’s pivotal role in sculpting the nation’s …
In the recent quarter marked by new fresh record highs and foreign investor inflows, some Foreign Institutional Investors (FIIs) saw opportunity in beaten down stocks. This article discusses about four such companies where FIIs increased their holdings by more than 5% during the last quarter. These companies, all with a market capitalization exceeding Rs 5,000 …
