The Indian Renewable Energy Development Agency (Ireda) is charting a course for ambitious expansion. Led by Chairman and Managing Director (CMD) Pradip Kumar Das, the company is pursuing a multi-pronged strategy that involves a follow-on public offer (FPO), cost-cutting measures, and potential benefits from a green bond market. Ireda’s primary goal is to achieve a …
In a strategic move to sharpen its focus on core categories, Hindustan Unilever Ltd. (HUL) announced the sale of its water purification business, operated under the popular brand Pureit, to A. O. Smith India Water Products Private Limited on July 15, 2024. The deal encompasses the entire Pureit brand, including trademarks, copyrights, and other intellectual …
Birla Estates Pvt. Ltd, a subsidiary of Century Textiles and Industries Limited and the real estate arm of the Aditya Birla Group, is poised for significant growth in the National Capital Region (NCR) with a strategic land acquisition in Gurugram’s Sector 71. This 5-acre prime parcel boasts a development potential of around 10 lakh square …
On July 15, 2024, Kellton Tech Solutions Ltd, a global leader in digital transformation, announced its results for the quarter ended June 30, 2024 (Q1 FY2025). The company recorded growth in its operational and financial performance during the period. Financial Performance Total revenue for the quarter amounted to ₹ 2,624 million as compared to ₹ …
In Q1 FY 2025, Jio Financial Services announced a 5.72% decrease in consolidated net profit, falling to ₹313 crore from ₹332 crore a year ago, as per its exchange filing. Interest income also decreased 19.8%, dropping to ₹162 crore compared to ₹202 crore in Q1 FY24. However, total income slightly rose to ₹418 crore due …
In a statement, the Bank of Baroda (BoB) announced its special scheme called “the bob Monsoon Dhamaka Deposit Scheme,” which offers two options: an interest rate of 7.25% per annum for 399 days and 7.15% per annum for 333 days. This scheme, available for retail deposits below ₹3 crore, started on Monday. Senior citizens will …
On July 15, 2024, Vedanta Ltd, a major mining company, announced that it is launching a qualified institutional placement (QIP) issue at a base price of ₹461.26 per share. This move is intended to lower debt and cover some capital expenses. In a filing to BSE, Vedanta announced that its committee of directors met and …
On July 16, 2024, Happiest Minds Technologies Ltd launched WATCH360, a new 360 IT Managed Service designed to help organisations manage their IT systems effortlessly. This service ensures reliable 24/7 IT infrastructure management using ELLIPSE, an AI-powered platform. It leverages machine learning for real-time insights and automation, boosting IT efficiency and cutting costs. Operating from …
Manaksia Coated Metals & Industries Limited announced a significant achievement in a stock exchange filing. The achievement is that the company is recognised as a Three-Star Export House by the Ministry of Commerce & Industry, Government of India, under the Foreign Trade Policy, 2023. This upgrade from the company’s previous One-Star Export House status underscores …
On July 15, 2024, Lupin Limited, a global pharmaceutical company, announced via a stock exchange filing that it had divested its U.S. Commercial Women’s Health Specialty Business to Evofem Biosciences, Inc., a U.S. biopharmaceutical company dedicated to Women’s Health. Lupin’s U.S. Women’s Health Specialty Business primarily focuses on commercialising SOLOSEC® (secnidazole) 2g oral granules, an …
