Le Travenues Technology Limited (Ixigo), India’s leading online travel agency (OTA) catering to the “Next Billion Users,” announced its financial results for the fourth quarter (Q4) and full fiscal year (FY) ending March 31, 2024. The company delivered a positive performance, highlighting significant growth in key metrics. Gross Transaction Value Soars Ixigo’s Gross Transaction Value …
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Ujjivan Small Finance Bank Q1 2024 Performance Highlights
5 July 2024On July 04, 2024, Ujjivan Small Finance Bank announced its key business highlights for the quarter that ended June 30, 2024, in a stock exchange filing. Key Business Highlights for the Quarter Ending June 30, 2024 Deposits Total deposits increased by 22% year-over-year and 3% quarter-over-quarter, reaching ₹ 32,500 crore, compared to ₹ 26,660 crore …

Motherson Group Issues $350M Dual Investment Grade Bonds
5 July 2024On July 4, 2024, Samvardhana Motherson International Limited announced via a stock exchange filing that it has successfully priced $350 million in 5.625% senior secured guaranteed notes. These notes were issued through its subsidiary, SMRC Automotive Holdings Netherlands B.V. (SAHN BV), with a corporate guarantee from SAMIL. This marks Motherson Group’s return to the US …

Mahindra Lifespace Announces ₹2,050 Crore Projects in Mumbai and Bengaluru
5 July 2024On July 4, 2024, Mahindra Lifespace Developers Limited (MLDL) announced via a stock exchange filing the completion of two significant transactions totalling ₹2,050 crore in Gross Development Value (GDV). These strategic initiatives include securing a third redevelopment project in Mumbai and acquiring a valuable land parcel in Bengaluru, further bolstering the company’s presence in these …

Raymond Ltd Announces Vertical Demerger of Real Estate Business
5 July 2024On July 4, 2024, Raymond Ltd announced through a stock exchange filing the vertical demerger of its Real Estate Business into its wholly owned subsidiary, Raymond Realty Limited (RRL). The company stated that post-demerger, both Raymond Ltd and Raymond Realty Limited will function as separate listed entities within the Raymond Group, pending regulatory approvals. Under …

GOCL’s Subsidiary Faces CIL Ban Over Supply Shortfall
5 July 2024On July 4, 2024, GOCL Corporation Limited announced in a stock exchange filing the significant developments regarding its subsidiary, IDL Explosives Limited (IDL), and its relationship with Coal India Limited (CIL). According to the filing, CIL, through a letter dated July 2, 2024, has imposed a 2-year ban on IDL for participating in any contract …

Key Milestone for Shilpa Medicare’s CDMO Business with Binding Order
5 July 2024On July 4, 2024, Shilpa Medicare Limited (SML) announced in a stock exchange filing that its CDMO (contract development and manufacturing organisation) customer, Unicycive Therapeutics, Inc., has reported positive results from the pivotal clinical trial of Oxylanthanum Carbonate (OLC), a new chemical entity (NCE) molecule with potential treatment for hyperphosphatemia in chronic kidney disease patients. …

Nykaa’s Parent Company Launches Nysaa Cosmetics in Qatar
5 July 2024On July 4, 2024, FSN E-Commerce Ventures Limited, known for its brand, Nykaa, recently disclosed in a stock exchange filing that its step-down subsidiary, Nessa International Holdings Limited, has established a new wholly-owned subsidiary in Qatar named ‘Nysaa Cosmetics Trading’. This newly formed entity operates as a Single-Member Limited Liability Company. Nysaa Cosmetics Trading is …

HDFC Mutual Fund Acquires Stake in Burger King India’s Operator for Rs 50.25 Crore
5 July 2024Restaurant Brands Asia Ltd. stands as a dominant force in the quick service restaurant sector, operating an extensive network of over 30,000 restaurants spread across more than 100 countries globally. The company is renowned for its iconic brands such as Tim Hortons, Burger King, Popeyes, and Firehouse Subs, each catering to diverse consumer preferences with …

Ircon International JV Secures Rs 750 Crore Order from RVNL for Track Installation in Uttarakhand
5 July 2024Ircon International Limited (IRCON) commenced its business in 1976 as a railway construction company, it diversified progressively since 1985 as an integrated engineering and construction PSU specializing in large and technologically complex infrastructure projects in various sectors such as railways, highways, etc. The company has also been accorded Navratna status by the Government of India. …
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