HEG Limited, a leading player in the electrodes and refractories industry, has taken a significant step by declaring its first-ever stock split. This move is intended to make the company’s shares more accessible to retail investors and to improve the liquidity of its equity shares. Established in 1977, HEG has grown to become the largest …
Thomas Cook (India) informed the stock exchanges about the opening of the latest resort, Sterling Banashree Badami, through its wholly-owned subsidiary, Sterling Holiday Resorts Limited. Sterling Banashree Badami is a charming resort located in the historic city of Badami, Karnataka. This new property enhances Sterling’s expansive portfolio of over 50 resorts across India, offering a …
FSN E-Commerce Ventures, the parent company of Nykaa, recently announced a strategic increase in its stake in Dot & Key, enhancing its existing majority share from 51% to 90%. This acquisition involves a substantial investment of ₹265 crore, reflecting Nykaa’s confidence in the long-term potential and performance of Dot & Key, a prominent skincare brand. …
The Indian Railway Catering and Tourism Corporation Limited (IRCTC) and the National Capital Region Transport Corporation (NCRTC) signed a Memorandum of Understanding (MoU) to improve passenger travel through the ‘One India – One Ticket’ initiative. This collaboration will allow passengers to book NCRTC QR code-based tickets seamlessly when purchasing online tickets through the IRCTC platform …
On August 13, 2024, Ramkrishna Forgings Limited announced that it had successfully acquired 100% equity shares of Resortes Libertad S.A. de C.V., a Mexican company. As of August 13, 2024, Resortes Libertad S.A. de C.V. is now a wholly-owned subsidiary of the Company. The target entity, Resortes Libertad, S.A. de C.V., has a paid-up share …
On August 13, 2024, Alembic Pharmaceuticals announced it had received final approval from the US FDA for its Dabigatran Etexilate Capsules, 110 mg. This approval allows Alembic to market a generic version of Boehringer Ingelheim’s Pradaxa Capsules, 110 mg. These capsules are used to reduce the risk of pulmonary embolism and deep vein thrombosis after …
On August 13, 2024, IntellectAI, part of Intellect Design Arena Ltd, introduced Purple Fabric, a new platform designed to speed up the use of AI in financial institutions. Built on the advanced eMACH.ai platform, Purple Fabric moves beyond simple automation to provide connected intelligence, helping financial institutions make a significant business impact. While AI was …
Campus Activewear, India’s leading sports and athleisure footwear brand, released its Q1 FY25 results, revealing a challenging quarter. The company’s financial performance was notably impacted by a subdued market environment. Subdued Earnings Amid Market Challenges Campus Activewear reported a revenue of Rs. 339.2 crore for Q1 FY25, marking a 4.1% year-over-year decline. The company’s Profit …
The Indian telecommunications company Vodafone Idea, also referred to as Vi, has its main offices in Gandhinagar and Mumbai. It is a GSM operator that is integrated throughout all of India and offers mobile phone services. As of June 30, 2024, Vi has a subscriber base of 219.08 million, making it the third-largest mobile telecommunications …
Marico Ltd., a leading FMCG company, announced the resumption of its manufacturing operations in Bangladesh on August 13. The company, which had faced disruptions due to the ongoing political and social turmoil in the country, is now operating at its normal scale as market conditions show signs of improvement. Resumption of Operations Amid Improved Market …
