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Allcargo Terminals has approved the acquisition of a 7.6% stake in Haryana Orbital

Allcargo Terminals has approved the acquisition of a 7.6% stake in Haryana Orbital

3 October 2024

Allcargo Terminals provides one of India’s largest networks of Container Freight Stations (CFS) and Inland Container Depots (ICD) throughout the nation. We make it easier to handle the import and export of a wide range of goods sizes and types with our first-rate services and top-notch bonded and non-bonded warehousing facilities. You can benefit from …

Small Savings Scheme Interest Rates Unchanged for Q3 FY 2024-25

Small Savings Scheme Interest Rates Unchanged for Q3 FY 2024-25

3 October 2024

On September 30, 2024, the Finance Ministry announced that interest rates for small savings schemes will stay the same for the October-December 2024 quarter. This includes popular schemes like the Sukanya Samriddhi Yojana and the Senior Citizen Savings Scheme, both offering an interest rate of 8.2%. Small Savings Schemes are government-managed savings options designed to …

Best Pharma Stocks in India in October 2024 – 5yr CAGR Basis

Best Pharma Stocks in India in October 2024 – 5yr CAGR Basis

3 October 2024

India is the world’s largest provider of generic drugs and is well-known for its affordable vaccines and medications. Over time, the Indian pharmaceutical industry has grown significantly, with a compound annual growth rate (CAGR) of 9.43% over the past 9 years. Today, it is ranked third globally in terms of pharmaceutical production by volume. India’s …

Man Infraconstruction Ltd has secured a Commencement Certificate for residential project in Mumbai

Man Infraconstruction Ltd has secured a Commencement Certificate for residential project in Mumbai

3 October 2024

Man Infraconstruction Limited (MICL Group) recently announced the receipt of the Commencement Certificate (CC) for its residential project in Vile Parle, Mumbai. This development will now make the way for the project’s official launch, anticipated to follow soon after obtaining the necessary approvals from the Real Estate Regulatory Authority (RERA). Project Overview & Potential Nestled …

Reliance Infrastructure will raise Rs 2,930 crore via foreign currency bonds.

Reliance Infrastructure will raise Rs 2,930 crore via foreign currency bonds.

3 October 2024

Reliance Infrastructure Limited was established in 1929 and is a part of the Reliance Group. The firm offers engineering and construction (E&C) services to the power, transportation, metro rail, and other infrastructure sectors. The company uses its special-purpose vehicles to carry out, operate, and maintain a number of projects in the infrastructure and defense sectors. …

Zuari Industries has acquired a 50% stake in Forte Furniture

Zuari Industries has acquired a 50% stake in Forte Furniture

3 October 2024

Indian Furniture Products Limited (IFPL), a subsidiary of Zuari Industries Limited (ZIL), has acquired a 50% stake in Forte Furniture Products India Private Limited (FFPIPL) from Fabryki Mebli Forte S.A., a Polish joint venture partner. With this acquisition, IFPL now holds the entire equity share capital of FFPIPL, making it a subsidiary of IFPL and …

RattanIndia Enterprises Ltd Launches Kaari, Ethnic Wear Starting at ₹999

RattanIndia Enterprises Ltd Launches Kaari, Ethnic Wear Starting at ₹999

3 October 2024

On October 3, 2024, RattanIndia Enterprises Ltd launched its newest brand, Kaari, through its fully owned subsidiary, Neobrands Limited.  The company stated that Kaari aims to celebrate India’s rich heritage of embroidery by introducing a stunning range of Indian ethnic wear for women. The brand is designed to blend traditional craftsmanship with timeless elegance, offering …

Ola Electric’s Biggest Season Sale: S1 Scooters Starting at ₹49,999 with Exclusive Offers

Ola Electric’s Biggest Season Sale: S1 Scooters Starting at ₹49,999 with Exclusive Offers

3 October 2024

Ola Electric has launched its highly anticipated ‘Biggest Ola Season Sale,’ offering early access to its community members with special deals on the Ola S1 scooters. CEO Bhavish Aggarwal shared the news on X (formerly Twitter), saying, “The @OlaElectric BOSS sale is now open for early access to our amazing community today! Incredible offers and …

Anil Ambani’s Reliance Group Enters Bhutan with 1,270 MW Renewable Energy Projects

Anil Ambani’s Reliance Group Enters Bhutan with 1,270 MW Renewable Energy Projects

3 October 2024

Anil Ambani  Reliance Group is expanding into Bhutan with plans to develop 1,270 megawatts of solar and hydroelectric power projects. The group has partnered with Druk Holding and Investments Ltd (DHI), the commercial arm of Bhutan’s government, to promote investments in renewable energy, as announced to the stock exchanges on October 02, 2024. For this …

Biocon Ltd’s Biocon Biologics Refinances $1.1 Billion Debt with New Bonds and Syndicated Facility

Biocon Ltd’s Biocon Biologics Refinances $1.1 Billion Debt with New Bonds and Syndicated Facility

3 October 2024

Biocon Ltd has successfully priced the debut issuance of senior secured Notes worth USD 800 million (~₹66,763 million) for its subsidiary, Biocon Biologics. These bonds, which have a coupon rate of 6.67%, will mature in 2029 and are expected to be listed on the Singapore Stock Exchange. The transaction, scheduled for settlement on October 9, …

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