The Competition Commission of India (CCI) has given its green light to the acquisition of 12 special purpose vehicles (SPVs) from PNC Infratech Limited and PNC Infra Holdings by Highway Infrastructure Trust (HIT). This transaction involves a 100% equity stake transfer, granting HIT complete management and control over these SPVs. Established as an irrevocable trust …
MTAR Technologies, one of the leading manufacturers of equipment for the defence, aerospace, nuclear, and clean energy sectors, has announced a significant export order from Bloom Energy Corporation valued at USD 16.73 million (approximately ₹140 crore). The order concerns the supply of power units and associated components for the clean energy fuel cells vertical. The …
Chola MS General Insurance, a prominent player in the non-life insurance sector, has entered into a strategic alliance with Mahindra Finance, a leading Non-Banking Finance Company in India. This collaboration aims to extend comprehensive motor and non-life insurance solutions to over 10 million Mahindra Finance customers. By leveraging Mahindra Finance’s extensive reach across India, Chola …
Karnataka Bank has taken a significant step towards digitalising tax payments by introducing GST payments through the Unified Payments Interface (UPI). As one of the first banks to offer this service, the bank has made it convenient for all GST-registered taxpayers, including its own customers, to seamlessly settle their GST liabilities. Previously, GST payments could …
On August 7, 2024, Phoenix Mills Limited (PML) announced it had acquired a valuable piece of land in Coimbatore, Tamil Nadu. The land is situated in a key location on Avinashi Road in Coimbatore. Astrea Real Estate Developers Private Limited, a subsidiary of PML with 67.1% ownership, acquired the land through buying shares and direct …
On August 07, 2024, Rain Carbon Inc. (RAIN), a wholly owned subsidiary of Rain Industries Limited, opened a new 30,000 sq. ft. industrial facility in Hamilton, Ontario, Canada. This new RAIN Innovation Center for Energy Storage Materials highlights Rain Industries Limited’s dedication to developing sustainable energy storage solutions. The centre features a demonstration facility for …
NLC India Ltd has reported its financial performance for the quarter ended June 30, 2024, showcasing significant growth across various parameters. The consolidated Profit After Tax (PAT) for the Group reached ₹566.69 crore, marking a 37.02% increase compared to ₹413.57 crore in the same quarter of the previous year. The Earnings Before Interest, Taxes, Depreciation, …
Zee Media Corporation Limited (ZMCL) has released its financial and operational performance for the quarter ended June 30, 2024 (Q1 FY25). The company reported an impressive 25.3% year-over-year growth in operating revenue, reaching ₹1,759.6 million in Q1 FY25 compared to ₹1,404.1 million in Q1 FY24. The company also achieved a significant turnaround in operating profit …
On August 07, 2024, Lemon Tree Hotels Limited announced the opening of its newest property, Lemon Tree Resort, Somnath. This latest addition marks the seventh Lemon Tree property in Gujarat, enhancing the group’s footprint in the state. Located in Veraval, a picturesque coastal area renowned for its serene environment and stunning sunsets, Lemon Tree Resort, …
On August 7, 2024, Last Mile Enterprises Limited announced through a stock exchange filing that its material subsidiary, M/s. Damson Technologies Private Limited, has entered into a Memorandum of Understanding (MoU) with One Futureworld (Singapore) Pte Ltd. This partnership is aimed at fostering collaboration and expanding business operations in designated territories. One Futureworld is a …
