Introduction to CSB Bank CSB Bank, a prominent old private sector bank, boasts a rich history spanning over a century. With an extensive network of 779 branches, the bank’s operations are primarily concentrated in Kerala, housing 35% of its branches. The remaining branches are spread across Tamil Nadu, Andhra Pradesh, Karnataka, and Maharashtra. Challenges and …
HCL Technologies announced a significant block deal involving the sale of 1.24 crore equity shares today. This transaction, valued at Rs.1,788.3 crore, represented approximately 0.46% of the company’s total equity. Despite the large scale of the transaction, the identities of the buyers and sellers remain undisclosed. Transaction Details The shares were sold at an average …
GMR Power & Urban Infra Limited Settlement with NHAI On June 28, 2024, GMR Power & Urban Infra Limited disclosed an important update to the stock exchanges. This update pertains to the status of claims settlement by their subsidiary, GMR Hyderabad Vijayawada Expressways Private Limited (GHVEPL), with the National Highways Authority of India (NHAI). Background …
Bharti Airtel Limited, commonly known as Airtel, is an Indian multinational telecommunications services company based in New Delhi. It operates in 18 countries across South Asia and Africa, as well as the Channel Islands. Currently, Airtel provides 5G, 4G, and LTE Advanced services throughout India. Currently offered services include fixed-line broadband, and voice services depending …
On June 27, 2024, Bharti Airtel Limited informed in the stock exchange filing that Nxtra by Airtel, a leading data centre company in India, has joined the RE100 initiative. This global initiative, led by Climate Group in collaboration with CDP, aims to achieve 100% renewable electricity sourcing. Nxtra is now the sole data centre organisation …
According to Shailesh Chandra, Managing Director of Tata Motors Passenger Vehicles and Tata Motors Electric Mobility, electric vehicle sales in the local market are projected to increase tenfold over the next five years, falling short of the government’s earlier target of 30% of new car sales. Shailesh Chandra emphasised that Tata Motors is taking a …
Ramky Infrastructure Limited (RIL), a leading Indian civil and infrastructure engineering company, has secured significant contracts from PowerGrid Energy Services Limited (PGESL), a wholly-owned subsidiary of Power Grid Corporation of India Limited (PGCIL). These contracts pertain to a critical infrastructure project aimed at reducing power losses in the Leh district of Ladakh. Project Details and …
LatentView Analytics Limited (Latent View) has filed an update regarding its ongoing acquisition of Decision Point Private Limited (Decision Point). This filing builds upon the company’s initial announcement on March 28, 2024, which outlined the Board’s approval for acquiring up to 100% of Decision Point’s equity share capital in multiple stages. Recap of the Acquisition …
On June 26, 2024, Exide Industries Limited (EIL) announced a significant investment in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), amounting to ₹49,99,99,968. This investment was made through a subscription to equity shares on a rights basis, maintaining EIL’s existing shareholding percentage in EESL. With this latest infusion, EIL’s total investment in EESL now …
On June 26, 2024, Bharti Airtel, India’s leading telecommunications provider, announced its spectrum purchase in key regions. The company has acquired 97 MHz spectrum, including renewing the expiring spectrum and adding a new spectrum to enhance its mid-band holdings in selected areas. This purchase ensures that Bharti Airtel continues to have the largest mid-band spectrum …
