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 …
KEC International Ltd, a leading global infrastructure EPC player and an esteemed member of the RPG Group, has successfully bagged new orders worth ₹1,079 crore across its Transmission & Distribution (T&D) and Cables divisions. Within the T&D sector, the company has secured prestigious projects spanning across India, the Middle East, and the Americas. Notably, a …
Alembic Pharmaceuticals Limited has informed the stock exchanges that the company received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Betamethasone Valerate Foam, 0.12%. This approval marks a pivotal step for Alembic Pharmaceuticals, as the product is therapeutically equivalent to Luxiq Foam, 0.12%, developed by …
Sprayking Limited has announced a significant strategic move with the successful import of advanced machinery valued at ₹3.85 million from China. This acquisition represents a crucial step in the company’s expansion into the production of casting products, further establishing its leadership in the manufacturing sector. The company stated that the imported machinery, expected to arrive …
Exicom Tele-Systems Limited has announced in a stock exchange filing that the company, on August 22, 2024, has entered into a Loan Agreement with its wholly-owned subsidiary, Exicom Power Solutions B.V., based in the Netherlands. Under this agreement, Exicom Tele-Systems will grant an unsecured loan amounting to ₹175.00 crore. The primary objective of this loan …
JSW Energy Limited announced in a stock exchange filing that its wholly-owned subsidiary, JSW Neo Energy Limited, has secured a significant project by receiving the Letter of Award (LoA) for setting up a 250 MW Grid-connected Wind Power Project from Adani Electricity Mumbai Limited (AEML). This award was obtained through a Tariff-based Competitive Bid process, …
Zydus Lifesciences Limited informed the stock exchanges that through its wholly owned subsidiary, and Perfect Day Inc., a Temasek portfolio company, have entered into an agreement where Perfect Day will sell its approximately 50% stake in Sterling Biotech Limited (SBL). As a result, SBL will become a 50:50 Joint Venture (JV) with equal board representation …
TCC Concept Limited has announced a significant strategic move by acquiring a substantial stake in Natural Environment Solutions Private Limited (NES). The company informed the stock exchanges about the issuance of 1,29,38,448 equity shares, each with a face value of ₹10, at an issue price of ₹352 per share. This preferential share issue was executed …
