On May 4, 2024, EPACK Durable Limited informed the stock exchanges about the ongoing merger of EPACK Components Private Limited (ECPL), the company’s Wholly-Owned Subsidiary, into EPACK Durable Limited. The transferor company i.e., EPACK Components Private Limited, is involved in the manufacturing of copper tubing parts, sheet metal parts, spare parts for electronic appliances, and …
Sun Pharmaceutical Industries Limited (Sun Pharma) announced a strategic move to bolster its presence in Africa on May 04, 2024. The company entered into an agreement to acquire 100% of the shares of Valstar S.A. (Valstar), which will also indirectly grant Sun Pharma complete ownership of Valstar’s subsidiary, Kemipharm S.A. (Kemipharm). Expanding Manufacturing Capabilities This …
Craftsman Automation Limited, a manufacturer of machined powertrain components, notified the market of significant business development on May 04, 2024. Coimbatore-headquartered Craftsman Automation Limited signed a definitive agreement to acquire the remaining 24% stake in DR Axion India Private Limited (DRAIPL). The acquisition is subject to the terms and conditions mentioned in the agreement. Craftsman …
On May 4, 2024, VA Tech Wabag Limited, a global leader in water treatment technologies, unveiled a groundbreaking initiative – “BLUE SEED”. This program aims to catalyse innovation within the water sector by nurturing and empowering promising startups with disruptive water technology solutions. Vision for a Sustainable Water Future: BLUE SEED aims to be a …
Zydus Lifesciences Limited announced a positive development on May 04, 2024. Its wholly-owned U.S.-based biopharmaceutical company, Sentynl Therapeutics, Inc. (Sentynl), successfully acquired Eiger BioPharmaceuticals, Inc.’s Zokinvy® (lonafarnib) program. Significance of Zokinvy® Zokinvy® represents a significant advancement in treating Progeria, Hutchinson-Gilford Progeria Syndrome (HGPS), and Processing-Deficient Progeroid Laminopathies (PDPL). These ultra-rare and fatal genetic diseases cause …
Top Public Sector Banks like State Bank of India, Canara Bank Punjab National Bank and every other PSU bank are all trading down by 2-5% from their previous day’s closing price as the Reserve Bank of India proposes to tighten Lending for Project Finance. What is coming From RBI? The Reserve Bank of India has …
On May 03, 2024, Nifty 50 and Sensex slipped 0.76% and 0.98% to 22,475 and 73,878, respectively. Foreign Institutional Investors (FII) sold securities worth around ₹2,391 crore, while domestic investors bought shares worth ₹690 crore. Top Gainers and Losers On the sectoral front, Nifty Mid Small Healthcare, Nifty Healthcare aur Nifty Pharma ended in green. …
Muthoot Mercantile Limited issued secured, redeemable, non-convertible debentures (secured NCDs) from May 6, 2024 to May 17, 2024. The issue size is Rs 100 crore, with a base size of Rs 50 crore and a greenshoe option of another Rs 50 crore. Each NCD has a face value of Rs 1,000 and the minimum investment …
Persistent Systems, a leading global player in Digital Engineering and Enterprise Modernization, has unveiled iAURA, a comprehensive suite of AI-powered data solutions designed to empower businesses in the age of big data. Addressing Data Challenges in the AI Era The ever-growing volume of data presents significant challenges for businesses. Managing, securing, and extracting value from …
During Tuesday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. Sigachi Industries Ltd Sigachi Industries Ltd is currently trading at Rs 68.55, up by 3.71% from its previous close of Rs 66.1. The stock hit a high of Rs 69.7 today with a …
