On July 03, 2024, GE T&D India Limited (GETD India), a leading provider of power transmission and distribution equipment, secured a significant new order with a value of€64 million from Grid Solutions SAS, France. Supplying High-Voltage Products and Expertise The agreement entails the supply and supervision of high-voltage products. While specific details regarding the products …
Persistent Systems Inc., the wholly-owned U.S. subsidiary of Persistent Systems Limited, announced today the acquisition of Starfish Associates, LLC, a leading provider of enterprise communication solutions. This strategic move strengthens Persistent’s position in the Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS) market by leveraging artificial intelligence (AI) for enhanced …
On July 03, 2024, Brigade Group, a leading Indian real estate developer, unveiled a new joint development project in West Bangalore’s coveted Tumkur Road area. This project adds to Brigade’s impressive portfolio and caters to the discerning tastes of modern urban homebuyers. Encompassing 8 acres of prime land, the project boasts a total development area …
Carysil Limited, a leading manufacturer of kitchenware and homeware products, has announced the successful completion of its equity issue. This announcement follows a series of communications from Carysil, including their initial letter dated July 03, 2024, regarding the issue opening on July 01, 2024, and a subsequent letter on the same date confirming the closing …
Cello World Limited, a leading Indian consumer goods company, has announced significant developments. The company received approval from its Qualified Institutions Placement (QIP) Committee to proceed with an equity issuance aimed at raising fresh capital. Equity Raise Through QIP On July 03, 2024, Cello World’s QIP Committee greenlit the opening of the issue. The committee …
On July 3, 2024, Bajaj Finance reported a significant increase in new loans, customer base, and assets under management (AUM) in its first quarter (April-June) business update. In the first quarter, Bajaj Finance reported 109.7 lakh new loans, up from 99.4 lakh in the same period last year, showing a 10.4% year-on-year increase. This growth …
On July 03, 2024, Vedanta Group firm Hindustan Zinc expressed its commitment to collaborate with Indian auto companies to “unlock zinc potential” and boost India’s mobility. When used in the automotive sector through galvanised steel, zinc significantly reduces fuel consumption and emissions. It offers high corrosion resistance to lightweight steel bodies, resulting in durable, long-lasting …
Adani Cementation Limited, a subsidiary of Adani Enterprises announced its merger with Ambuja Cements. This announcement came after both boards approved the merger, which will allow Adani Cementation to become a wholly-owned subsidiary of Ambuja Cements. Benefits of the merger: The proposed merger scheme will result in the consolidation of the cement capacity within the …
On April 4, 2024, Vedanta Limited announced that the board of directors approved raising to Rs. 2500 Crore from Non-Convertible Debentures on a private placement basis in a press release. The committee had approved raising 2,50,000 senior, secured, rated, listed, redeemable, non-convertible debentures (NCDs) of a face value of Rs. 1,00,000 each. The aggregate amount …
Asian Paints International Private Limited (APIPL), a subsidiary based in Singapore, has successfully concluded the acquisition of a 24.3% stake in SCIB Chemicals S.A.E., a leading chemical company in Egypt. Details of the Acquisition APIPL finalized the acquisition on May 26, 2024, purchasing the stake from minority shareholders of SCIB Chemicals for approximately USD 4.13 …
