On August 28, 2024, the Competition Commission of India (CCI) granted its approval to the proposed merger worth ₹70,350 crore ($8.5 billion) between Reliance Industries Limited (RIL), Viacom18 Media Private Limited (Viacom18), Digital18 Media Limited, Star India Private Limited (SIPL), and Star Television Productions Limited (STPL), subject to the fulfilment of certain voluntary conditions. This …
KEC International Ltd, a leading global infrastructure EPC player and a part of the esteemed RPG Group, has clinched significant new orders of ₹1,171 crore in its Transmission and Distribution (T&D) business. These prestigious projects include: A 400 kV Transmission line in the United Arab Emirates (UAE) further solidifies KEC’s presence in the rapidly growing …
On August 28, 2024, Piccadily Agro Industries Limited (PAIL), one of India’s premier independent producers and distributors of malt spirits, through an exchange filing, announced significant updates with respect to its operations. The company notified that it has achieved a significant milestone with the approval of its product portfolio, including the globally acclaimed Indri, Camikara, …
On August 29, 2023, JSW Energy Limited announced that its wholly-owned subsidiary JSW Neo Energy Limited (JSW Neo) has secured an additional 400 MW of Wind-Solar Hybrid Power Project under the greenshoe option from Maharashtra State Electricity Distribution Company Limited (MSEDCL) against MSEDCL – Phase III. This brings the total capacity allotted to JSW Neo …
The Indian semiconductor market is set to soar to USD 55 billion by 2026, driven primarily by growth in smartphones and wearables, automotive components, and computers and data storage, which together will make up over 60% of the market. India currently holds a 1% share of the global semiconductor trade and contributes 0.5% to global …
On August 28, 2024, Genus Power Infrastructures Limited announced that its wholly-owned subsidiary had received 3 Letters of Award (LOAs) worth a total of ₹4,469.04 crore (excluding taxes). These awards are for the role of Advanced Metering Infrastructure Service Providers (AMISPs). The projects involve designing an Advanced Metering Infrastructure (AMI) system and supplying, installing, and …
On August 28, 2024, Procter & Gamble Hygiene and Health Care Ltd shared its financial results for the fiscal year and quarter ending June 30, 2024. Despite facing a tough operating and competitive environment, the company reported sales of ₹4,192 crore, a 7% increase from the previous year. Innovation, premium products, and the expansion of …
Macrotech Developers Limited has announced that it has signed Share Purchase Agreements (SPAs) to acquire a 100% stake in Opexefi Services Private Limited and One Box Warehouse Private Limited. As a result, both Opexefi and One Box will become wholly owned subsidiaries of Macrotech. This acquisition is part of the company’s strategic plan to expand …
Maruti Suzuki, a major player in the automobile industry, has announced plans to launch 6 new electric vehicles by the 2030-31 fiscal year, with the first model coming out soon. The announcement was made at the company’s annual general meeting (AGM) on Tuesday, August 27, where Chairman RC Bhargava shared the company’s strategy to support …
On August 29, 2024, Biocon Ltd informed the stock exchanges that the company’s subsidiary Biocon Biologics Ltd (BBL) had signed a settlement and license agreement with Janssen Biotech Inc., Janssen Sciences Ireland, and Johnson & Johnson (collectively known as Janssen). This agreement allows Biocon Biologics to proceed with the commercialisation of Bmab 1200, a proposed …
