Bandhan Bank Ltd. recently announced an update for the June quarter and reported a 21.8% YoY increase in loans and advances for the June quarter, reaching Rs.1,25,619 crore compared to Rs.1,03,169 crore in the same period last year which shows an increase in the bank’s lending capacity, aligning with the overall positive trends in the …
On June 26, 2024, SJVN Ltd announced to the stock exchanges that its wholly-owned subsidiary, SJVN Green Energy Limited (SGEL), had signed a Memorandum of Understanding (MoU) with AM Green Ammonia (India) Private Limited. AM Green Ammonia (India) Private Limited, part of the Greenko Group, is developing one of the world’s largest Green Ammonia platforms …
On June 26, 2024, Reliance Jio, a subsidiary of Reliance Industries, India’s largest digital services provider, acquired more spectrum in the 1800 MHz band for the Bihar and West Bengal regions during the Department of Telecommunications’ Spectrum Auction. With this new acquisition, Jio has expanded its 1800 MHz band spectrum in these two areas, increasing …
Dr. Reddy’s Laboratories Ltd is a leading India-based pharmaceutical company that offers a portfolio of products and services, including Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical services (CPS), generics, biosimilars, and differentiated formulations. Dr. Reddy’s Acquisition agreement details Dr. Reddy’s Laboratories Ltd announced on June 26 that its subsidiary, Dr. Reddy’s Laboratories SA, has signed a …
The shares of Titagarh Rail Systems have grabbed attention after BlackRock Global Funds, part of BlackRock Inc., the world’s largest asset manager, acquired a significant 1.6% stake through block deals on Wednesday. The Big Buy BlackRock Global Funds purchased 21.73 lakh shares of Titagarh Rail at an average price of Rs 1,618 per share. This …
PI Industries’ Strategic Acquisition of Plant Health Care Plc PI Industries’ share price saw a significant boost of about 3.5% in early trading on Thursday following the announcement of its acquisition of UK-listed Plant Health Care Plc (PHC). This strategic move is set to bolster PI Industries’ portfolio and market position. Market Response to the …
UltraTech Cement Limited has made a strategic financial investment by acquiring a significant stake in The India Cements Limited. This blog explores the details of this investment, its significance, and the potential impact on both companies. Overview of the Investment UltraTech Cement announced its decision to purchase up to 7.06 crore equity shares of The …
The packaging industry plays a crucial role in various sectors, from consumer goods to pharmaceuticals, providing essential materials for product safety and presentation. In India, several packaging companies have shown remarkable growth in recent years. This article delves into the top five packaging stocks based on their market performance, profitability, and financial metrics. Name Market …
Traditional Diamond Market Under Pressure The diamond industry faces a new reality. The long-held perception of natural diamonds as symbols of love and luxury is challenged by the rise of lab-grown diamonds. These synthetic stones boast similar physical and chemical properties to natural diamonds but at a significantly lower price point. This has caused a …
On June 27, 2024, Coforge Limited, a global company that provides digital services and solutions, received special recognition for outstanding performance in the 2024 UK IT Sourcing Study by Whitelane Research. Coforge was honoured as an ‘Exceptional Performer’ for its overall client satisfaction, showing a 3% improvement. This recognition highlights Coforge’s commitment to delivering excellent …
