Bharat Parenterals Ltd has announced that it will purchase an additional 9,985,477 equity shares of its subsidiary, Innoxel Lifesciences Pvt Ltd, on a preferential basis. Each share has a face value of ₹10 and will be acquired at a premium of ₹54.90, making the total price per share ₹64.90. The target entity is Innoxel Lifesciences …
The recent election result was a major shocker for the stock market. Expectations were high for a strong majority of the BJP government, especially after the exit poll results, and the market had already priced in the anticipation of a BJP-led government continuing their capex policy. However, the outcome was a coalition government, leading to …
On June 5, 2024, Godrej Properties informed in a stock exchange filing that pursuant to the Share Purchase Agreement dated June 5 between Godrej Properties Limited (GPL), Godrej Fund Management And Investment Advisors Private Limited (GFMIAPL), and Godrej Green Homes Private Limited (GGHPL), GPL sold a 5% stake in the equity share capital of GGHPL …
On June 5, 2024, Titagarh Rail Systems Limited (TRSL) informed in an exchange filing about the opening of a new engineering centre in Bangalore, elevating its innovation and design journey. The company stated that the state-of-the-art facility will be dedicated to new product development for Train Control & Monitoring Systems (TCMS) and advanced Propulsion Systems, …
On June 6, 2024, Mphasis Limited announced that it had achieved the Specialised Pega Partner Distinction in the Americas for Insurance. As a key collaborator with Pega, a premier provider of enterprise AI decisions and workflow automation platforms, Mphasis leverages its deep expertise in Pega, particularly in the insurance sector. This allows them to develop …
On June 05, 2024, the Ministry of Defence (MoD) took a significant step towards enhancing accessibility for defence pensioners by signing Memoranda of Understanding (MoUs) with 4 leading banks. This strategic collaboration expands the reach of the SPARSH (System for Pension Administration Raksha) initiative by onboarding the Bank of India, Canara Bank, Central Bank of …
Torrent Pharmaceuticals Limited (Torrent), a leading player in the Indian pharmaceutical industry, announced a strategic move to match the growing burden of Gastroesophageal Reflux Disease (GERD) in the country. Torrent Pharmaceuticals has entered into a non-exclusive patent licensing agreement with Takeda Pharmaceuticals to commercialise Vonoprazan, a novel potassium-competitive acid blocker (P-CAB), in India. Torrent will …
The Indian Energy Exchange (IEX), India’s leading power-trading platform, announced impressive results for the month of May 2024. The exchange witnessed a surge in overall volume, reaching 10,633 Million Units (MU), reflecting a year-over-year (YoY) increase of 28.9%. Key Highlights Electricity Trading: Electricity volumes reached 9,568 MU in May 2024, representing a substantial 21% growth …
On June 5, 2024, Century Textiles & Industries Limited announced that it has partnered with Barmalt India Pvt Ltd to develop a group of luxury residential homes in Sector 31 of Gurugram through its wholly-owned subsidiary Birla Estates Pvt Ltd, the Aditya Birla Group’s real estate venture. The 13.27-acre land tract has approximately 2.4 million …
Uno Minda Limited (formerly Minda Industries Limited), a leading Tier-1 automotive supplier, has announced a significant step towards strengthening its position in the growing Indian electric vehicle (EV) market. The company has entered into a Technical License Agreement (TLA) with Suzhou lnovance Automotive Co., Ltd (lnovance Automotive) of China. Expanding E-Mobility Portfolio The said strategic …
