REC Limited, formerly known as Rural Electrification Corporation Limited, is a subsidiary of Power Finance Corporation Limited, which is owned by the Ministry of Power, Government of India. REC Limited specialises in financing and promoting power projects throughout India.REC is a prominent public sector non-banking financial company (NBFC), public financial institution (PFI), and infrastructure financing …
Uno Minda Limited, formerly known as Minda Industries Limited, is a prominent global supplier of proprietary automotive solutions and systems to OEMs as Tier-1. With over six decades of experience, they have played a significant role in revolutionising the automotive industry supply chain with our innovative products.Established in 1958, Uno Minda Limited company is a …
Infrastructure Development Finance Company Limited, commonly referred to as IDFC, is a prominent development finance institution headquartered in India and operating under the Department of Financial Services, Government of India. IDFC got Rs. 203 crore refund from ITR: IDFC has received a significant boost with a Rs 203 crore income tax refund, marking a major …
Lemon Tree Hotels is an Indian hotel chain that operates 100 hotels with 9,700 rooms across 64 cities. As of June 30, 2017, the Horwath Report identified it as the largest mid-priced hotel chain in India.Lemon Tree Hotels is dedicated to exceptional hospitality as it expands its portfolio. The opening of Aurika, Surat showcases the …
Fischer Medical Ventures Ltd (Fischer MV) has made significant progress in its collaboration with Tech Avant-Garde (TAG), a leading provider of innovative educational solutions across India. This partnership aims to bring comprehensive health programs to schools and institutions, promoting better health and creating a more supportive learning environment for students and their communities. As the …
On August 26, 2024, Shilpa Medicare Limited announced the successful completion of Phase-3 clinical trials for its innovative product, SMLNUD07 – Nor Ursodeoxycholic Acid (NorUDCA) tablets. This new treatment is expected to transform the management of Nonalcoholic Fatty Liver Disease (NAFLD). The trial, a multicentric, placebo-controlled, double-blind study involving 165 NAFLD patients across India, provided …
On August 26, 2024, Bharat Heavy Electricals Limited (BHEL) informed the stock exchanges about the signing of a significant contract agreement with Adani Power Ltd and its subsidiary, Mahan Energen Ltd. The agreement is for the establishment of three Supercritical Thermal Power projects. Each project will have a capacity of 2×800 MW and will be …
India’s leading oil firms, including Indian Oil, BPCL, and GAIL, have faced repeated fines from stock exchanges BSE and NSE for failing to meet board composition requirements. These penalties, imposed for the fifth consecutive quarter, stem from the companies’ inability to maintain the mandated number of independent and women directors on their boards. The fines, …
Tata Power Solar Systems Limited (TPSSL), a leading solar energy solutions provider in India and a subsidiary of Tata Power Ltd, has announced a strategic partnership with ICICI Bank Limited to make solar power more accessible and affordable for both residential and corporate customers. Under this collaboration, ICICI Bank will offer competitive loan options for …
Bikaji Foods International Ltd., a renowned player in the Indian food industry, has strategically acquired a 55% equity stake in Ariba Foods Private Limited. Based in Ujjain, Ariba Foods is a prominent manufacturer of frozen snacks and foods, including samosas, naans, parathas, and sweets. This significant investment, valued at ₹60.49 crore, marks a strategic move …
