The Indian railway system is often regarded as the foundation of the nation’s economy. Spanning thousands of kilometres, it ranks as the 4th largest railway network globally, following the US, China, and Russia. By the end of FY24, Indian Railways reported a total revenue of ₹2.40 lakh crore (approximately USD 28.75 billion). There are several …
On August 28, 2024, PDS Limited announced the successful completion of its Qualified Institutions Placement (QIP), raising ₹430 crore (approximately $51 million). The company stated that the QIP saw significant interest from institutional investors, with the subscription surpassing twice the issue size. This strong response highlights investor confidence in PDS Limited’s strategic vision and growth …
On August 28, 2024, Tanla Platforms Limited, India’s top Communications Platform as a Service (CPaaS) provider, announced the launch of Registration.ai, a new module under its well-known platform, Trubloq. This introduction occurred at the Global Fintech Festival in Mumbai and directly addresses the latest guidelines issued by the Telecom Regulatory Authority of India (TRAI) on …
An Indian provider of life insurance is ICICI Prudential Life Insurance Company Limited. ICICI Prudential Life was founded as a joint venture between Prudential Corporation Holdings Limited and ICICI Bank Limited and operates in the asset management and life insurance sectors. GST demand of Rs. 429 crore to ICICI Prudential: On Tuesday, ICICI Prudential Life …
Mastek has teamed up with Onyx Health, a leader in healthcare data solutions, to speed up the use of FHIR (Fast Healthcare Interoperability Resources) standards. This new partnership is set to improve how healthcare data is shared, aiming for better patient outcomes. In today’s healthcare environment, where smooth data exchange is essential, this collaboration will …
Carysil UK Ltd., a subsidiary of Carysil Ltd., is set to acquire the remaining 30% stake in Carysil Brassware Ltd., a Yorkshire-based company. The £350,000 deal will give Carysil UK full ownership of the business, which specializes in kitchen and bathroom products, including the popular ‘Instant Boiling Water Tap.’ What’s Behind the Deal? Carysil UK …
UPL Global Limited (UGL), a step-down subsidiary of UPL Corporation Limited (UCL), acquired an 80% stake in PT Excel Meg Indo, Indonesia (PT Excel). On August 27, 2024, UPL Limited announced that UGL has now acquired the remaining 20% stake in PT Excel. The acquisition of the remaining 20% stake in PT Excel by UPL …
On August 27, 2024, Zydus Lifesciences Limited and its subsidiaries received final approval from the US Food and Drug Administration (USFDA) to market Amantadine extended-release capsules in 68.5 mg strength, along with a tentative approval for the 137 mg strength. These capsules, equivalent to Gocovri®, are used to treat dyskinesia in Parkinson’s disease patients who …
On August 28, 2024, a significant block deal involving Krishna Institute of Medical Sciences (KIMS) grabbed the market’s attention. Shares worth an estimated Rs 392.10 crore were traded in this transaction, with approximately 15.7 lakh shares, representing a 2% stake in the company, changing hands. The shares were traded at a floor price of Rs …
Tata Motors, according to the reports, is planning to see an increase in its weightage on FTSE indexes following the delisting of its ‘A’ Ordinary Shares on August 30, 2024. These shares, also known as Differential Voting Rights (DVR) shares, will be exchanged for ordinary shares. The company confirmed that it will remain in the …
