Today, shares of Royal Orchid Hotels Limited surged by over 4.88%, with the company’s current market capitalization standing at Rs 949.87 crore. Recent Development: Royal Orchid Hotels Limited has embarked on an ambitious expansion strategy by signing a management agreement for a new 5-star hotel in Surat, Gujarat. Collaborating with Hindva Hospitality, LLP, ROHL will …
On March 13, 2024, the central bank of the Nation, the Reserve Bank of India (RBI), imposed monetary penalties on the Bank of India, private lenders Bandhan Bank and Indostar Capital Finance Limited. Penalty by RBI RBI imposed a monetary penalty of ₹1,40,76,000 on Bank of India for non-compliance with certain directions issued by RBI …
On Wednesday, March 13, 2024, US-based financial services company Capital Group bought a 1% stake in APL Apollo Tubes through an open market transaction. Details of the Purchase Financial service provider Capital Group acquired the shares of APL Apollo Tubes on the NSE through its affiliate New World Fund Inc. Capital Group is one of …
On March 13, 2024, one of the leading commercial and passenger vehicle manufacturers, Tata Motors Ltd, stated in an exchange filing about the signing of a facilitation Memorandum of Understanding (MoU) with the Government of Tamil Nadu to develop a manufacturing facility in the state. As a result of this MoU, the company will establish …
SpiceJet, a leading player in the Indian aviation sector, has recently finalized lease agreements for 10 aircraft as part of its preparations for the upcoming summer schedule. This significant expansion underscores the airline’s dedication to meeting the growing demand for air travel and providing enhanced services to passengers during peak travel seasons. Strategic Capacity Enhancement …
On March 13, 2024, The Board of IIFL Finance approved fundraising up to ₹1500 crore through the rights issue of equity shares. Further, the Board also approved raising up to ₹500 crore through the issue of non-convertible debentures on a private placement basis. IIFL Finance’s Fundraising Move On Wednesday, the board of the non-banking finance …
On March 13, 2024, Hindustan Aeronautics Limited (HAL) signed two contracts for a combined value of ₹8,073.17 crore with the Ministry of Defence (MoD) after approval from the Cabinet Committee on Security (CCS). Insight into Contracts The contract has been signed for the acquisition of 34 Advanced Light Helicopters (ALH) Dhruv Mk III along with …
On March 14, 2024, Reliance Industries Limited informed the exchange in a filing that it had entered into a binding agreement with two subsidiary companies of Paramount Global for the acquisition of a 13.01% equity stake (on a fully diluted basis) of Viacom 18 Media Private Limited for a consideration of ₹4,286 crore. The stake …
About the Expansion Plans Nazara Technologies Limited a leading gaming and sports media company has unveiled its ambitious strategy to earmark USD 100 million or Rs 830 crore towards mergers and acquisitions (M&A) within the next 24 months. This strategic initiative underscores Nazara’s commitment to strengthening its global foothold and catalyzing its evolution into an …
About the project Shriram Properties has launched its latest RERA-approved residential project under the ‘Codename Ultimate’ near Electronic City, Bengaluru. The project is being developed under the joint development model, with an aggregate saleable area of around 5.0 lakh square feet. This 400+ unit Balinese-themed project, characterized by its tranquil and harmonious ambience, prioritizes open …
