On September 30, 2024, Persistent Systems announced its plans to acquire Arrka, a leading Pune-based data privacy company. This strategic move strengthens Persistent’s position in AI-led, platform-driven services and allows it to offer comprehensive digital governance solutions, including data privacy, AI governance, and cybersecurity. Arrka’s decade-long expertise in data privacy and its innovative Data Privacy …
Kaynes Technology India Limited has announced the acquisition of Iskraemeco India Private Limited, a leading provider of smart metering solutions. This strategic move aims to enhance Kaynes’ product offerings and strengthen its position in the market. Through a Share Purchase Agreement executed on September 28, 2024, Kaynes will acquire 100% of Iskraemeco India’s equity shares …
Atul Auto Limited has made a significant investment of ₹4.91 crore in its wholly-owned subsidiary, Khushbu Auto Finance Limited (KAFL), by subscribing to equity shares on a rights basis. This investment was completed on September 28, 2024, with the company acquiring 26,00,000 equity shares of KAFL at a face value of ₹10 each, issued at …
The battery market in India is flourishing, driven by government initiatives promoting electric vehicles, increasing demand for energy storage systems powered by renewable energy, and the growing use of consumer electronics. This growth is further propelled by rising environmental consciousness, urbanisation, and technological advancements. The Indian battery market is projected to grow at a CAGR …
Marsons Limited announced that the company is entering into the renewable energy sector. The company was historically focused on the Transmission and Distribution (T&D) Transformer segment and has announced its strategic entry into the renewable energy sector. The company stated that this move is part of its broader effort to diversify its portfolio and strengthen …
Eicher Motors Limited, the parent company of Royal Enfield, has announced a proactive service action concerning certain motorcycles manufactured between November 2022 and March 2023. During routine testing, Royal Enfield identified a potential issue with the rear and/or side reflectors fitted on these motorcycles. The company found that some reflectors might not meet the required …
Asian Energy Services Limited has secured an order from Oil India for the 2D Seismic Data Acquisition of 4,300 LKM in the Rajasthan Basin under Mission Anveshan. The contract is valued at approximately ₹82 crore, inclusive of taxes and duties, and will be executed over 18 months. This project further strengthens Asian Energy Services’ position …
On September 28, 2024, Radico Khaitan Limited, a leading Indian company in the IMFL (Indian Made Foreign Liquor) segment, introduced its latest Indian Single Malt Whisky, the Rampur Barrel Blush, at Whisky Live Paris 2024. The event, known for showcasing international spirits, will run from September 28 to September 30 at La Grande Halle de …
Zydus Lifesciences Limited, along with its subsidiaries and affiliates, has received final approval from the U.S. Food and Drug Administration (USFDA) to manufacture Enzalutamide Capsules, 40 mg. These capsules, which are used to treat metastatic castration-resistant prostate cancer, work by inhibiting androgen receptors. The capsules will be produced at Zydus’ manufacturing facility in Moraiya, Ahmedabad. …
On September 28, 2024, Tata Motors Group, a leading manufacturer of commercial and passenger vehicles in India, took a major step to boost local manufacturing with the groundbreaking of a new production facility in Panapakkam, Ranipet district, Tamil Nadu. This modern facility will produce the next generation of cars and SUVs for Tata Motors and …
