The Hinduja Group has initiated a bond sale process aimed at raising Rs.73 billion (approximately $890 million) to facilitate its acquisition of Reliance Capital, marking a major move in the sector. The group is positioning itself to finalize this substantial deal, showcasing its plans to expand its footprint in the financial services industry. Details of …
On June 21, 2024, Sun Pharmaceutical Industries Limited (Sun Pharma and its subsidiaries and associate companies) signed a non-exclusive patent licensing agreement with Takeda Pharmaceutical Company Limited. This agreement allows Sun Pharma to market Vonoprazan tablets, available in 10 and 20 mg doses, in India under the brand name “Voltapraz”. Vonoprazan is a new, orally …
On June 20, 2024, Tata Motors announced the launch of Tata Motors Fleet Verse, a comprehensive digital marketplace for the company’s commercial vehicles. The new marketplace will facilitate all transactions through Tata Motors’ extensive pan-India dealership network, utilising a direct-to-dealer payment ecosystem. Key features of Fleet Verse include: Smart Search Vehicle Discovery: Explore Tata Motors’ …
On June 20, 2024, HFCL Limited issued a corporate guarantee in favour of Axis Finance Limited to secure a rupee term loan of ₹60 crore that HTL Limited has availed of/will avail of. This guarantee is detailed in an agreement outlining its significant terms and conditions, primarily concerning the amount guaranteed and the obligations of …
Vodafone Idea is one of the leading telecom service providers in India. The company’s business services include voice business/ services, broadband services, content services, enterprise services, and other VAS offerings like entertainment, SMS, and Utility. It is the third largest telecom operator in India. Vodafone Idea Stock up by 4% Shares of Vodafone Idea Ltd. …
The Securities and Exchange Board of India (Sebi) has upheld its interim order barring JM Financial (JMFL) from acting as a lead manager for public offerings of debt securities (bonds) until March 31, 2025. This action stems from alleged irregularities in a recent non-convertible debenture (NCD) issuance. Focus on Debt Securities SEBI clarified that the …
On June 20, 2024, Infosys, a global leader in digital services and consulting, announced that it will ring the Opening Bell at the New York Stock Exchange (NYSE) on June 21, 2024. This event marks the 25th anniversary of Infosys being listed in the US. CEO Salil Parekh, CFO Jayesh Sanghrajka, and other key Infosys …
At 10:09 am, the BSE Sensex surged 0.03%, reaching a level of 77,505. The Nifty 50 index is up 0.14% to the 23,601 level. On the Sensex, Bharti Airtel Ltd, Infosys Ltd and Tata Consultancy Services Ltd were among the top gainers, whereas Reliance Industries Ltd, Hindustan Unilever Ltd and Tata Steel Ltd were among …
On Friday, the benchmark indices were trading in the green with the Sensex up around 60 points or 0.06% at 77,538, while the Nifty-50 was up around 40 points or 0.17% at 23,607. About 2,008 shares have advanced; 1,113 declined and 106 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
Kirloskar Pneumatic Company Ltd. (KPCL), a leading manufacturer of air, refrigeration, and gas compressors, announced a strategic move today by signing a memorandum of understanding (MoU) to acquire a majority stake (over 51%) in M/s. Systems & Components India Private Ltd (S&C). Expanding into Industrial Refrigeration This acquisition marks a significant step for KPCL as …
