On April 02, 2024, one of the leading luxury real estate developers, Sunteck Realty Limited (SRL), announced that it entered into a long-term understanding/ agreement of its second premium commercial building at BKC Junction, Sunteck Icon to Bennett, Coleman & Co Ltd. As a result, the company is expanding the annuity income business of its …
On April 2, 2024, ICICI Lombard General Insurance Company Limited informed in an exchange filing that the company had acquired an additional 0.03% shares in Hero Motocorp Limited. The acquisition increases ICICI Lombard General Insurance Company Limited’s stake in Hero Motocorp Limited to 0.42%. Details of the Acquisition On Tuesday, ICICI Lombard General Insurance Company …
On April 02, 2024, Quick Heal Technologies Limited, in an exchange filing, stated that its enterprise arm, Seqrite, announced a strategic partnership with M. Tech Solutions (India) Pvt Ltd. As a result, M. Tech Solutions has been appointed as its Value-Added Distributor (VAD) for the Indian market. This collaboration aims to significantly strengthen Seqrite’s presence …
On April 2, 2024, JSW Energy informed in a stock exchange filing that the company plans to raise ₹5,000 crore through a qualified institutional placement (QIP) program. They aim to accomplish this by selling shares to high-net-worth investors in one or more tranches. Details of the Issue On Tuesday, JSW Energy stated that the company’s …
The premium air carrier of India, Vistara is facing a crisis as they are forced to cancel flights at large, passengers are not happy as some are made to wait more than 6 hours before any official communication while they’re stranded at the airport. Why are there mass cancellations in Vistara? Vistara said that the …
On April 03, 2024, Satin Creditcare Network Limited released key business updates for Q4FY2024 and FY2024. On a standalone basis, the company witnessed a YoY growth of 34% in Assets under Management to ₹10,600 crore as of March 31, 2024, as compared to ₹7,929 crore as of 31st March 2023. The company witnessed meaningful growth …
On April 02, 2024, speciality chemical manufacturer Anupam Rasayan India Limited announced that it had signed a Letter of Intent (LOI) with a leading Japanese multinational company worth revenue of ~$90 Mn (₹743 crores) over the next 7 years. As per LOI, the company will supply two advanced intermediates using fluorination chemistry, which will be …
Chalet Hotels Limited raised ₹1,000 crore through a Qualified Institutional Placement (QIP). The issue opened on March 27, 2024 and closed on April 2, 2024. The company informed in an exchange filing that the Qualified Institutions Placement Committee at its meeting held today, i.e., April 3, 2024, has approved allotment of 1,26,26,263 Equity Shares to …
Fixed deposits are less preferred securities these days, especially by young investors. There are different investment avenues such as stocks, bonds, mutual funds, and commodities like gold and silver. However, elderly investors still prefer FDs for their investments, considering the safety of their capital. They believe that equities are risky, while FDs are safer investment …
Antony Waste Handling Cell Limited, one of the leading players in Indian municipal waste management, is positioned for future growth due to several factors. The company’s strong market presence, diversified service portfolio, and focus on profitable projects like waste-to-energy are key drivers. The company benefits from government initiatives promoting waste management and rising urbanization that …
