ITC Limited has announced the successful acquisition of Blazeclan Technologies Private Limited (Blazeclan), a leading provider in the cloud services sector, through its wholly-owned subsidiary, ITC Infotech India Limited (I3L). This acquisition, finalised on October 1, 2024, entails the acquisition of 100% of Blazeclan’s share capital, marking a significant step in ITC’s strategic expansion into …
The Adani Group has merged 2 of its subsidiaries with Adani New Industries Ltd, a company focused on green hydrogen and wind turbine manufacturing. According to a stock exchange filing on October 02, 2024, Adani Infrastructure Private Limited and Mundra Solar Technology Limited have been combined into Adani New Industries Limited, which is fully owned …
Dalmia Bharat Limited has announced that its wholly-owned subsidiary, Dalmia Cement (Bharat) Limited (DCBL), has entered into a Share Subscription and Shareholders Agreement (SSSHA) with Bijlee Kandasamy Private Limited on October 1, 2024. This agreement allows DCBL to acquire a 25.38% stake in Bijlee Kandasamy Private Limited, which consists of 33,00,000 equity shares valued at …
JSW Energy Limited, through its wholly-owned subsidiary JSW Neo Energy Limited, has received a Letter of Intent (LoI) from the Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for the procurement of 1,500 MW / 12,000 MWh of pumped hydro energy storage. The Bhavali Pumped Hydro Project, located in the Nashik and Thane districts, will have …
Jubilant Ingrevia Limited announced that its wholly-owned subsidiary, Jubilant Agro Sciences Limited (JASL), has entered into a strategic agreement with a prominent agrochemical company to manufacture an agro intermediate for one of the key agro-actives of the customer. The customer, a multibillion-dollar company, is a leading global player in the agrochemical industry. This contract manufacturing …
Historically, India has been fully dependent on imports to fulfil its need for semiconductor devices due to the absence of semiconductor fabrication facilities in India. However, the picture has currently changed as India is gearing up in the industry with new facilities and support to players. The Indian semiconductor market was estimated at US$ 26.3 …
India is recognised as one of the strongest military forces globally and is strategically important to its government. The three largest market segments in the Indian defence sector are military fixed-wing aircraft, naval vessels and surface combatants, and missiles and missile defence systems. Other notable segments include submarines, artillery, military rotorcraft, tactical communications, electronic warfare, …
On September 27, 2024, Alembic Pharmaceuticals announced that it had been given final approval from the US Food & Drug Administration (USFDA) for its Paliperidone Extended-Release Tablets in strengths of 1.5 mg, 3 mg, 6 mg, and 9 mg. This approval is for a generic version of Invega Extended-Release Tablets developed by Janssen Pharmaceuticals. Paliperidone …
Indian Renewable Energy Development Agency (IREDA) Ltd, a leading player in the renewable energy sector, has announced a significant surge in its business performance for the April-September 2024 period of the current financial year (FY25). The company’s strategic initiatives and strong market presence have propelled its growth to unprecedented levels. IREDA’s loan sanctions witnessed a …
Public Sector Undertakings (PSUs) are an integral part of the Indian economy, representing government ownership in various industries ranging from oil and gas to banking and telecommunications. For investors looking to diversify their portfolios, PSU stocks can offer unique opportunities and benefits. In this article, we will explore the best PSU stocks in India in …
