Hero MotoCorp Limited has announced the launch of its operations in the Philippines, marking a significant step in its global expansion strategy. The company has partnered with Terrafirma Motors Corporation (TMC), part of the Columbian Group of Companies, which is one of the leading automotive groups in the Philippines. TMC will act as the exclusive …
On August 1, 2024, Amara Raja Advanced Cell Technologies Private Limited (ARACT), a subsidiary of Amara Raja Energy & Mobility Limited (ARE&M), announced that it will sign a Memorandum of Understanding (MoU) with Ather Energy. This partnership will focus on developing and supplying advanced lithium-ion cells, including Nickel Manganese Cobalt (NMC) and Lithium Iron Phosphate …
On July 31, 2024, IIFL Securities Ltd announced that it had reported significant increases in both revenue and profit for the quarter ending June 30, 2024. IIFL Securities Ltd’s total income increased by 57% year over year to ₹643.8 crore, driven by strong performance across all key business segments. Total brokerage revenue rose by 75% …
On July 31, 2024, PTC Industries Limited, known for producing high-quality and precise metal components for critical and supercritical applications, shared its financial results for the quarter ending 30 June 2024. In Q1 FY2025, PTC Industries Limited reported a total income of ₹505.2 million, down from ₹744.2 million in Q1 FY2024. This decrease is due …
Relaxo Footwears Limited declared its unaudited financial results for the first quarter of FY 2025. Q1 FY 2025 Financial Highlights In the first quarter of FY 2025, the company reported a revenue of ₹748 crore, an increase from ₹739 crore in the same quarter of the previous fiscal year. The EBITDA for Q1 FY25 stood …
IHCL is one of India’s leading hospitality companies. IHCL and its subsidiaries comprise a diversified portfolio across luxury, upscale/upper upscale, and lean luxury/midscale segments. IHCL’s operations are spread across four continents, 12 countries, and over 100 cities. IHCL’s Expansion into Bahrain The Indian Hotels Company (IHCL) announced on Wednesday the signing of two greenfield projects …
On July 31, JK Lakshmi Cement Ltd. announced its board’s approval of a scheme of arrangement to merge three of its subsidiaries: Udaipur Cement Works Ltd., Hansdeep Industries and Trading Co., and Hidrive Developers and Industries Pvt. This strategic move is aimed at optimizing the company’s operational efficiency and increasing shareholder value. Details of the …
Bharat Forge announced that its wholly-owned subsidiary, Kalyani Strategic Systems Ltd. (KSSL), has secured a defense manufacturing license for its Jejuri unit in Maharashtra. The license, granted by the Department for Promotion of Industry & Internal Trade (DPIIT) under The Industries (Development and Regulation) Act, 1951, allows KSSL to produce a variety of defense products …
India’s state-run companies and public sector banks that have yet to comply with the minimum public shareholding (MPS) norms are likely to receive a two-year extension, extending the deadline to August 1, 2026. This development is based on reports and a letter dated July 19, addressed to SEBI Chairperson Madhabi Puri Buch by the Department …
On July 31, 2024, Tata Steel reported a consolidated EBITDA of ₹6,822 crore for the quarter ended June 30, 2024. Financial Highlights For the quarter of April to June 2024, Tata Steel reported consolidated revenues of ₹54,771 crore and an EBITDA of ₹6,822 crore, resulting in an EBITDA margin of about 12.5%. The company invested …
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