About the award from UNICEF Venus Remedies Limited has achieved a significant milestone, securing a prestigious award for its antibiotic product, Ceftriaxone 1gm, from UNICEF in the Beta Lactam tender. This recognition builds upon their earlier achievement of receiving GMP (Good Manufacturing Practices) approval from UNICEF, further solidifying their dedication to exceptional quality standards. UNICEF’s …
On June 13, 2024, RateGain Travel Technologies Limited (RateGain) informed in a stock exchange filing that it got selected by a pioneering car rental company in eco-friendly transportation, Green Motion International (Green Motion), as its preferred revenue management partner for its franchisee network spread across 650 locations in 73 countries globally. Green Motion is a …
The US-based private equity major Bain Capital shares of L&T Finance, held by other entities, by diluting its stake through a block deal. The proposed block deal has been launched, with investor bank BNP Paribas as the advisor. The plan: Bain Company has planned to sell a 3.54% stake in the company, at Rs. 169.17 …
Sobha Limited was incorporated in 1995, It is a real estate developer engaged in the construction to operations of townships, housing projects, commercial premises, and other related activities. The Company is also engaged in manufacturing activities related to interiors, glazing and metal works, and concrete products. Sobha Board Approves Right Issue Shares of the real …
Thomas Cook India Limited (TCIL) announced positive news today regarding its credit ratings. CRISIL Ratings, a leading Indian credit rating agency, upgraded its outlook on the company’s bank loan facilities and corporate credit rating to ‘Positive’ from ‘Stable’ while reaffirming the long-term rating at ‘CRISIL AA-’ and the short-term rating at ‘CRISIL A1+’. Factors Behind …
It’s turning out to be a sweet Thursday for the Indian equity markets, not only because the Nifty50 index has hit an all-time high, but also because sugar stocks are sweetening the portfolios of market participants. Government’s Consideration of MSP Increase Most of the sugar stocks surged on Thursday after reports emerged that the Government …
Arvind Limited is a fashion powerhouse that also provides state-of-the-art engineering solutions. Headquartered in Naroda, Ahmedabad, the company has its manufacturing units at Santej. It manufactures cotton shirting, denim, knits, and khaki fabrics and is India’s largest denim manufacturer. The company’s brand portfolio includes domestic and international brands such as Flying Machine, Arrow, US Polo, …
The Securities and Exchange Board of India (SEBI) has taken strict action against PTC India Financial Services Ltd. (PFS) (a subsidiary of PTC) and its former leadership for lapses in corporate governance. The investigation, initiated following the resignation of independent directors citing governance concerns, has resulted in penalties and restrictions on: Pawan Singh: Former Managing …
Amber Enterprises India Limited (Amber), a leading manufacturer of air conditioners and room air conditioner components, announced today that it had acquired an additional 4.6% equity stake in IL JIN Electronics (India) Private Limited (IL JIN) on June 12, 2024. This strategic move strengthens Amber’s position within the printed circuit board (PCB) manufacturing industry. Strengthening …
The benchmark index S&P BSE 500 opened today at 34,951.04 and made its day high at 34,959.06, and it is trading in green today, up by more than 0.40%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Archean Chemical Industries …
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