On October 1st, 2024, Greaves Electric Mobility Private Limited (GEMPL), part of Greaves Cotton Limited and a key player in electric two- and three-wheelers, announced a partnership with Shriram Finance, a leading financial services company under the Shriram Group. This partnership aims to make Greaves Electric Mobility’s three-wheelers (Greaves 3Ws) more affordable by providing customised …
On October 01, 2024, Birla Estates Private Limited, a subsidiary of Aditya Birla Real Estate Limited (formerly Century Textiles and Industries Limited), announced that Birla Trimaya Phase II – The Park has sold nearly 95% of its units within just 24 hours of launching, generating around ₹600 crore in bookings. This follows the impressive performance …
UltraTech Cement, a flagship company of the Aditya Birla Group, involved in the manufacturing and selling of cement and related products here in India, has announced an increase in its shareholding in Continuum MP Windfarm Development Private Limited, a renewable energy company. The cement giant will raise its stake from 3.28% to 5.46% by investing …
Bank of Maharashtra has initiated its Qualified Institutions Placement (QIP) on September 30, 2024, aiming to raise up to Rs.3,500 crore. The public sector lender has set a floor price of Rs.60.37 per share, marginally higher than the previous closing price of Rs.59.83. The bank may also offer a discount of up to 5% on …
Alphageo (India) Limited has landed a contract worth Rs.131.63 crore from Oil India Limited. The project involves acquiring 2D seismic data in the Ganga and Punjab Basin, to support oil and gas exploration in these regions. This contract is set to run until June 2026. For those unfamiliar, 2D seismic data acquisition is a technique …
On October 1, 2024, TARC Limited (The Anant Raj Corporation) announced the refinancing of its existing debt along with a ₹250 crore additional working capital facility available on call. This strategic decision is backed by a successful fundraising effort involving a consortium of esteemed Indian banks and financial institutions, reflecting their confidence in TARC’s financial …
On October 1, 2024, Sun Pharmaceutical Industries Ltd (Sun Pharma) and Philogen S.p.A. announced a global licensing agreement to commercialise Philogen’s cancer immunotherapy product, Fibromun (L19TNF). Fibromun is currently being tested in clinical trials for treating soft tissue sarcoma and glioblastoma. Under the agreement, Sun Pharma will have exclusive global rights to market Fibromun, while …
On October 1, 2024, Zen Technologies Limited (Zen) announced that it has secured an Annual Maintenance Contract (AMC) valued at ₹46 crore (inclusive of 18% GST) with the Ministry of Defence. This 5-year agreement is designed to ensure the continuous maintenance of advanced simulators developed by Zen, reinforcing the company’s commitment to supporting India’s defence …
The drone market in India is expected to generate revenue of US$27.0 million in 2024, with a projected annual growth rate of 5.78% (CAGR 2024-2029). By 2029, the drone market volume in India is forecasted to reach 79.6 thousand units, with a 6.6% volume growth expected in 2025. A significant factor contributing to the market’s …
On September 30, Bharti Airtel, one of India’s largest telecom operators, announced the prepayment of ₹8,465 crore to the Department of Telecom (DoT), settling its deferred dues for spectrum acquired in 2016. These liabilities, which carried an interest rate of 9.3%, have been fully repaid ahead of schedule, allowing Airtel to reduce its debt burden …
