On June 14, 2024, Jindal Stainless Limited announced to the stock exchanges its acquisition of Chromeni Steels Private Limited (CSPL). This move follows earlier disclosures made on May 1, 2024, and June 4, 2024, in which Jindal Stainless Limited detailed its acquisition of a 54% equity stake in Chromeni Steels Private Limited through the purchase …
On June 14, 2024, Lupin Limited, a leading global pharmaceutical company, announced in a stock exchange filing that its Injectable facility located in Nagpur, India, underwent a thorough inspection by the United States Food and Drug Administration (U.S. FDA). The inspection, conducted from June 10 to June 13, 2024, concluded with a favourable outcome as …
On June 14, 2024, Lemon Tree Hotels Limited announced in a stock exchange filing the opening of Keys Lite by Lemon Tree Hotels, Urban Square, Udaipur. This is the ninth property of the group in the scenic state of Rajasthan. It is also the third offering of the brand in the City of Lakes after …
Havells India Limited is an Indian multinational electrical equipment company, based in Noida. The company manufactures home appliances, lighting for domestic, commercial, and industrial applications, LED lighting, fans, modular switches industrial and domestic cables and wires, induction motors, etc. Havells owns brands like Havells, Lloyd, Crabtree, Standard Electric, Reo, and Promptec. The company has a …
National Aluminium Company (NALCO) has issued a Mining Lease deed with the State Government of Odisha, on 13 June 2024. The lease covers over 697 hectares of Bauxite Mines in Pottangi Tehsil, Koraput District, projecting a mine life of 32 years. The mines have an annual production capacity of 3.5 Million tonnes and have reserves …
Suraksha Group invested ₹125 crore in Jaypee Infratech Limited (JIL), providing hope to over 20,000 homebuyers who had invested in halted projects. Equity Infusion to Accelerate Construction This investment, made in the form of promoter’s equity, signifies a critical step towards expediting construction work on unfinished projects. Suraksha Group, which emerged as the successful bidder …
A recent stakeholder meeting hosted by the Petroleum and Natural Gas Regulatory Board (PNGRB) regarding draft regulations for petroleum product pipeline tariffs sparked debate among oil marketing companies (OMCs). Reliance Opposes Annual Escalation Reliance Industries, a major player in the Indian oil and gas sector, stated its disapproval of the proposed annual escalation of 3.4% …
Tata Consumer Products Ltd (TCPL) intends to evolve into a comprehensive, Fast-Moving Consumer Goods (FMCG) entity, announcing plans to venture into new product categories. The company has substantially increased its capital expenditure to ₹785 crore for FY 2025, primarily toward establishing a new facility in Vietnam. During the annual general meeting, Chairman N Chandrasekaran, who …
On June 13, 2024, Zaggle Prepaid Ocean Services Limited (Zaggle) entered into an agreement with Skydo Technologies Private Limited. Under this service agreement, Skydo Technologies will provide cross-border payment capabilities to Zaggle’s corporate customers. The contract, awarded by a domestic entity, will begin on June 13, 2024, and will continue until terminated based on mutually …
Suzlon Energy, a leading Indian wind turbine manufacturer, recently sent shockwaves through the market with the resignation of an independent director, Marc Desaedeleer. Citing concerns about the company’s corporate governance practices, Desaedeleer’s departure raises questions for investors: Is this a significant issue, or is it only a temporary glitch? What Happened? In his resignation letter, …
