On Tuesday, Rushil Decor Ltd (RDL), which is one of the leading companies in the Laminate and Medium Density Fibre (MDF) panel boards industry in India, informed in an exchange filing that a subsidiary company of RDL in the name of “Rushil Modala Ply Limited” has been incorporated on March 19, 2024. Details of the …
Bengaluru-based startup Minus Zero has joined forces with Ashok Leyland, a leading vehicle manufacturer under the Hinduja Group, to revolutionize commercial trucking with autonomous solutions. The partnership aims to deploy autonomous driving technology at scale, starting with solutions for ports, factories, and corporate campuses, with future plans to expand into long-haul trucking. Transforming Trucking with …
On March 20, 2024, a significant development took place in the Indian agricultural sector. Dhanuka Agritech Limited, a leading agrochemical company, and the Indian Council of Agricultural Research (ICAR), the apex body for agricultural research and education in India, signed a Memorandum of Understanding (MoU). This collaboration marks a strategic effort to bridge the gap …
The electric vehicle (EV) revolution is gaining momentum, accompanied by a surge in investor interest. However, the EV landscape is diverse, with a multitude of companies involved in bringing EVs to life. Each segment offers unique invesstment opportunities, and we’ll guide you through exploring them. Let’s delve into the world of EV stocks by category! …
On Wednesday, Carysil Ltd stated in an exchange filing that the board has approved raising capital up to ₹150 crore through the issue of equity shares of face value of ₹2 each. Details of the Fundraising On March 20, 2024, Carysil Ltd informed that the Board of Directors held a meeting and approved raising capital …
Leading Fast Moving Electrical Goods (FMEG) company Havells India Ltd is in plans to expand the company’s export markets in the residential air-conditioner segment after increasing its production capacity by 2X. Details of the Expansion On Tuesday, the Executive Director of Havells India, Yogesh Kumar Gupta, said that the company has invested around ₹400 crore …
On Tuesday, Grasim Industries Limited informed in an exchange filing that the company has raised ₹1,250 crore from the International Finance Corporation through non-convertible debentures. Details of the Funding On March 19, 2024, the flagship company of Aditya Birla Group, Grasim Industries Limited, stated in an exchange filing that they have raised ₹1,250 crore (equivalent …
The Adani Group, a major Indian conglomerate, has recently announced a strategic move within its renewable energy portfolio. Adani Tradecom Limited (ATL), a wholly-owned subsidiary of Adani Enterprises, has acquired the remaining 49% stake in Adani Green Technology (AGTL) from its subsidiary, Adani Trading Services LLP. This acquisition effectively makes AGTL, and consequently its wholly-owned …
Sterling & Wilson Renewable Energy Ltd of the Shapoorji Pallonji Group is in plans to raise ₹700 crore from a group of strategic investors through a stake sale in its data centre business. Details of the Stake Sale The CEO of the data centre business at Sterling and Wilson Private Limited (SWPL), Prasanna Sarambale, stated, …
Reliance Power, led by Anil Ambani, settled the debts owed to three banks: Axis Bank, DBS Bank, and ICICI Bank. Reports suggest that the settlement happened in the last week while its parent, Reliance Infrastructure, is working towards settling dues of ₹2,100 crore to JC Flowers Asset Reconstruction Company. Reliance Power strives to be a …
