On June 20, 2024, Triveni Engineering and Industries Ltd informed in a stock exchange filing the acquisition of an additional 36.34% stake in Sir Shadi Lal Enterprises Limited (SSEL). The company stated that pursuant to a Share Purchase Agreement executed with Mr Rajat Lal, Mr Rahul Lal, and Ms Poonam Lal (Second Promoter Group) on …
Adani Ports & Special Economic Zone is in the business of development, operations, and maintenance of port infrastructure (port services and related infrastructure development) and has linked multi-product Special Economic Zone (SEZ) and related infrastructure contiguous to Port at Mundra. It is the largest port developer and operator in India. The company has a total …
GIC Housing Finance, a prominent player in the housing finance sector, has recently experienced a cybersecurity breach. The incident has raised concerns over the security measures in place at financial institutions and the growing threat of cyberattacks in this digital boom. The Incident On June 21, 2024, GIC Housing Finance reported a malware attack that …
The shares of a mid-cap auto stock, Uno Minda, have experienced a significant surge, climbing 12% over the past 6 days to reach an all-time high of Rs.1,188. This remarkable increase follows a positive evaluation by brokerage houses that have initiated coverage on the stock with a ‘Buy’ rating and set a target price of …
The Hinduja Group has initiated a bond sale process aimed at raising Rs.73 billion (approximately $890 million) to facilitate its acquisition of Reliance Capital, marking a major move in the sector. The group is positioning itself to finalize this substantial deal, showcasing its plans to expand its footprint in the financial services industry. Details of …
On June 21, 2024, Sun Pharmaceutical Industries Limited (Sun Pharma and its subsidiaries and associate companies) signed a non-exclusive patent licensing agreement with Takeda Pharmaceutical Company Limited. This agreement allows Sun Pharma to market Vonoprazan tablets, available in 10 and 20 mg doses, in India under the brand name “Voltapraz”. Vonoprazan is a new, orally …
On June 20, 2024, Tata Motors announced the launch of Tata Motors Fleet Verse, a comprehensive digital marketplace for the company’s commercial vehicles. The new marketplace will facilitate all transactions through Tata Motors’ extensive pan-India dealership network, utilising a direct-to-dealer payment ecosystem. Key features of Fleet Verse include: Smart Search Vehicle Discovery: Explore Tata Motors’ …
On June 20, 2024, HFCL Limited issued a corporate guarantee in favour of Axis Finance Limited to secure a rupee term loan of ₹60 crore that HTL Limited has availed of/will avail of. This guarantee is detailed in an agreement outlining its significant terms and conditions, primarily concerning the amount guaranteed and the obligations of …
Vodafone Idea is one of the leading telecom service providers in India. The company’s business services include voice business/ services, broadband services, content services, enterprise services, and other VAS offerings like entertainment, SMS, and Utility. It is the third largest telecom operator in India. Vodafone Idea Stock up by 4% Shares of Vodafone Idea Ltd. …
The Securities and Exchange Board of India (Sebi) has upheld its interim order barring JM Financial (JMFL) from acting as a lead manager for public offerings of debt securities (bonds) until March 31, 2025. This action stems from alleged irregularities in a recent non-convertible debenture (NCD) issuance. Focus on Debt Securities SEBI clarified that the …
