On August 5, 2024, Craftsman Automation Limited announced its decision to acquire Sunbeam Lightweighting Solutions Private Limited (Sunbeam) through a securities subscription and purchase agreement (SSPA). This move follows an earlier stock exchange notification dated June 24, 2024, and is in compliance with Regulation 30 and other applicable regulations of the Securities and Exchange Board …
Bangladesh, India’s neighbouring country, has been experiencing severe turmoil for the past 2 months. The crisis in Bangladesh could disrupt trade with India, impacting goods movement and stalling a potential free trade agreement. India’s trade surplus with Bangladesh was $9.2 billion in FY24. Bangladesh is India’s 25th largest trading partner, with bilateral trade totalling $12.9 …
On August 5, 2024, Lupin Ltd announced the incorporation of Lupin Lanka (Private) Ltd as a wholly owned subsidiary, based in Sri Lanka. Lupin Lanka is established with a primary focus on the pharmaceutical sector. The subsidiary aims to expand Lupin Ltd’s presence in the Sri Lankan pharmaceutical market, aligning with the company’s global growth …
Bharti Hexacom Limited announced its financial results for the quarter ended June 2024. The company reported strong financial results for the first quarter of FY25, with revenues reaching ₹1,911 crore, marking a 13.6% year-on-year (YoY) increase and a 2.3% rise quarter-on-quarter (QoQ). The company’s performance was driven by robust growth in its mobile services and …
Som Distilleries and Breweries Limited released its financial results for Q1 FY 2025. The company reported a total income of ₹513.7 crores, a 33% increase compared to ₹386.6 crores in Q1 FY 2024. The company achieved an EBITDA of ₹64.8 crores, marking a nearly 30% growth from ₹50.1 crores in the previous year, with an …
Oil and Natural Gas Corporation Ltd (ONGC) announced its financial results for the quarter ended June 30, 2024. In Q1 FY 2025 (standalone), the company’s gross revenue touched ₹35,266 crore, up by 4.3% from ₹33,814 crore in Q1 FY 2024. The net profit was ₹8,938 crore, which declined from ₹10,527 crore in Q1 FY 2024. …
Vikas Lifecare Limited announced the stock exchanges about a strategic collaboration with the Defence Electronic Applications Laboratory (DEAL), a premier lab under the Defence Research and Development Organisation (DRDO) in Dehradun, the Indian Institute of Technology (IIT) Delhi, and the CSIR-National Physical Laboratory (CSIR-NPL) in Delhi. This partnership aims to advance the development of Nano …
On August 5, 2024, Brigade Group announced that its wholly owned subsidiary, Brigade Tetrarch Private Limited, has signed a Limited Liability Partnership (LLP) agreement to develop a 1.4 million square feet office space. This new commercial development is projected to generate an annual lease income of approximately ₹100 crore, with a total investment of around …
Motherson Sumi Wiring India Limited (MSWIL) reported its financial results for the first quarter of the fiscal year 2024-25, which concluded on 30th June 2024. In the first quarter of FY25, Motherson Sumi Wiring India Limited (MSWIL) reported revenues of ₹2,185 crore, marking a 17% year-over-year growth. The EBITDA stood at ₹239 crore, up by …
On August 06, 2024, Adani Energy Solutions Limited (AESL) announced the successful completion of its ₹8,373 crore ($1 billion) Qualified Institutional Placement (QIP), the largest in India’s power sector. This achievement highlights AESL’s leadership in India’s energy transition and investors’ confidence in the power sector’s future. This QIP is AESL’s first equity raise since its …
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