HCL Technologies Limited is a multinational Indian information technology consulting firm with its main office located in Noida. Established by Shiv Nadar, it separated out in 1991 when HCL began providing software services. The company employs over 220,000 people and maintains offices in 60 countries. HCL Technologies Limited has taken 100% stake in Zeenea: HCL …
On September 13, 2024, Moneyboxx Finance Limited announced raising ₹176 crore through the allotment of equity shares and convertible warrants. This includes ₹63 crore from a preferential equity issue and ₹113 crore from equity warrants, with funds coming from both promoters and non-promoters. So far, Moneyboxx has received ₹91 crore (₹63 crore from the equity …
On September 13, 2024, Max Healthcare Institute Ltd (MHIL), one of India’s largest private healthcare providers, announced a strategic partnership with Lakshadweep Group, the main promoter of Jaypee Healthcare Limited (JHL), which is currently in Corporate Insolvency Resolution Process (CIRP). This partnership will give MHIL a controlling stake in JHL, including its flagship 500-bed Jaypee …
The Great Eastern Shipping Company Limited (G E Shipping) has agreed to sell its 2005-built Suezmax crude tanker, Jag Lalit, which has a deadweight tonnage of around 1,58,344. The sale to an unrelated buyer is set for September 13, 2024, with the delivery expected by the third quarter of FY25. With this sale, G E …
On September 12, 2024, the State Bank of India (SBI), the country’s largest lender, informed that it had sanctioned a project loan of ₹10,050 crore to Damodar Valley Corporation (DVC) for the development of a 1,600 MW Ultra Super Critical Thermal Power Project. This project will involve the construction of 2 units of 800 MW …
Introduction: A Major Win for RailTel RailTel Corporation of India Limited, a Navratna PSU, has recently secured a significant project from Northern Railways worth Rs 19.7 crore. This order is set to enhance rail connectivity on the Dedicated Freight Corridor (DFC) feeder routes. This strategic win not only showcases RailTel’s growing prowess in the railway …
Paisalo Digital Limited (PDL), incorporated in 1992 and registered with the Reserve Bank of India (RBI) as a non-deposit Non-Banking Financial Company (NBFC), provides business loans to SMEs, corporates, and income generation loans to individuals. Led by founder promoter Mr. Sunil Agarwal, who has been the Managing Director since inception, the company has witnessed robust …
Overview of Rain Industries Rain Industries Limited is a significant player in the global market, specializing in the production of calcined petroleum coke, coal tar pitch, and a variety of high-quality basic and specialty chemicals. The company operates in three main business verticals: Carbon – Producing high-quality calcined petroleum coke and coal tar pitch. …
The shares of Patanjali Foods witnessed significant movement on Friday, September 13, as a massive block deal took place, involving 1.2 crore shares—equivalent to 3.3% of the company’s equity—valued at Rs 2,223.4 crore. The identities of the buyers and sellers involved in this deal remain undisclosed, but the transaction marks a notable development for the …
State-owned insurance giant Life Insurance Corporation (LIC) has recently increased its stake in the Indian Railway Catering and Tourism Corporation (IRCTC), further solidifying its position as a key institutional investor in the railway sector. On September 12, 2024, LIC announced that it had raised its shareholding in IRCTC to 9.3%, reflecting a 2.02% increase over …
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