On May 13, 2024, one of the leading chemical manufacturers, UPL Corporation Limited, recently released its results for the fourth quarter and year ended March 31, 2024. During the quarter, the company witnessed margin recovery against the Q3 FY2024. Revenue fell by 15% in Q4FY24, mostly due to reduced post-patent market prices. Volumes were generally …
On May 12, 2024, EKI Energy Services informed the stock exchanges that the company’s Board of Directors approved the acquisition of 49% of equity shares in Glofix Advisory Services Private Limited, a subsidiary company. This acquisition will be in addition to the 51% shares held by the company at present, and subsequently, Glofix Advisory Services …
On May 13, 2024, Biocon Ltd informed the exchanges that it had signed a semi-exclusive distribution and supply agreement with Medix, a Mexico-based speciality pharmaceutical company. The agreement is to commercialise its vertically integrated drug product, Liraglutide (gSaxenda), used to treat chronic weight management. The company stated that, as per the terms of this agreement, …
In a significant move towards achieving carbon neutrality by 2030, Glenmark Pharmaceuticals Limited (GPL) announced a strategic investment in renewable energy. Through an exchange filing, GPL detailed its agreements with O2 Renewable Energy XXIV Private Limited (O2 Renewables) and O2 Energy SG PTE Limited. Dual Agreements for a Sustainable Future The collaboration involves two key …
Sula Vineyards, the leader in Indian wine production, is celebrating a momentous achievement. The company’s flagship RASA Cabernet Sauvignon 2022 has achieved a prestigious Gold Medal at the highly respected Global Cabernet Sauvignon Masters 2024. This historic win marks the first time an Indian wine has ever received a gold medal in any category at …
Reliance Infrastructure Limited (RIL), a leading Indian infrastructure company, announced a strategic move to bolster its manpower service offerings. Through its wholly-owned subsidiary, Reliance Velocity Limited (RVL), RIL has entered into an agreement to acquire a significant stake in Utility Powertech Limited (UPL). Expanding Reach in Manpower Services The acquisition signifies RIL’s commitment to expanding …
Wardwizard Innovations & Mobility Limited, the company behind the popular “Joy e-bike” and “Joy e-rik” electric two-wheeler brands, is revving up its production lines. In April 2024, they reported a significant surge in electric two-wheeler dispatches, clocking in at 1,071 units. This impressive number marks a whopping 135% increase compared to April 2023, when the …
On Thursday, the benchmark indices were trading in the red with the Sensex down around 515 points or 0.71% at 72,148, while the Nifty-50 was down around 145 points or 0.66% at 21,909. About 964 shares have advanced; 2,724 declined and 138 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
JSW Steel Limited, a flagship company of JSW Group, recently announced its monthly production for April 2024 through an exchange filing dated May 11, 2024. The company recorded consolidated Crude Steel production for the month at 21.21 Lakh tonnes, reflecting a YoY growth of 0.4%. The capacity utilisation at its Indian Operations stood at 88% …
Amidst uncertainties surrounding election jitters, Indian headline indices experienced bearish investor sentiment and a significant decline. The lack of investor confidence was evident not only in the main indices but also in the broader markets, as all sectoral indices reported notable losses. At 10:45 am, the BSE Sensex plunged 1.07% reaching a level of 71,885. …
