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NATCO Pharma’s Subsidiary Invests $8 Million in eGenesis

NATCO Pharma’s Subsidiary Invests $8 Million in eGenesis

4 September 2024

On September 4, 2024, NATCO Pharma Limited announced that its wholly-owned Canadian subsidiary, NATCO Pharma (Canada) Inc., has invested US$ 8 million in eGenesis, Inc., a leading biotechnology firm specialising in xenotransplantation. eGenesis is at the forefront of developing human-compatible organs for transplantation. In March 2024, eGenesis achieved a significant milestone by performing the world’s …

ITCONS E-Solutions Expands Portfolio with New Contracts Totaling Over ₹1.24 Crore

ITCONS E-Solutions Expands Portfolio with New Contracts Totaling Over ₹1.24 Crore

4 September 2024

On September 4, 2024, ITCONS E-Solutions Limited announced several significant contract wins, highlighting its growing presence in the IT services sector. The company secured a new work order from Wipro Limited, valued at ₹23,76,000. This contract involves providing onsite support services through 10 employees for network management, IT helpdesk, and desktop services at various ICICI …

Best Drone Stocks In India In September 2024 – 5-Year CAGR Basis

Best Drone Stocks In India In September 2024 – 5-Year CAGR Basis

4 September 2024

The drone market in India is set to bring in $27 million in revenue in 2024, with an expected annual growth rate of 5.78% from 2024 to 2029. Drone manufacturers in India are experiencing impressive growth, driven by strong market trends and innovation. The industry is booming, with drones used in diverse fields such as …

RITES Partners with NBCC: A Strategic Tie-Up for Transforming Urban Infrastructure

RITES Partners with NBCC: A Strategic Tie-Up for Transforming Urban Infrastructure

4 September 2024

Introduction: A New Milestone for RITES and NBCC RITES Ltd., a leading transport infrastructure consultancy, has announced a significant partnership with NBCC (India) Ltd., a central public sector enterprise under the Ministry of Housing Development. This collaboration aims to explore and execute a wide array of consultancy services, fee-based projects, and EPC (Engineering, Procurement, and …

Raymond Demerger: Lifestyle Business To List Soon

Raymond Demerger: Lifestyle Business To List Soon

4 September 2024

Raymond Group is making headlines with its strategic demerger plans, which are set to reshape the company’s future. Shares of Raymond Lifestyle are poised to be listed soon, marking a significant milestone in the group’s demerger strategy. This move is part of Raymond’s larger vision to streamline its operations, focus on core competencies, and unlock …

Why OMC Stocks are Rising Despite a Market Decline

Why OMC Stocks are Rising Despite a Market Decline

4 September 2024

Oil Marketing Companies (OMCs) stocks like Bharat Petroleum Corp. (BPCL), Hindustan Petroleum Corp. (HPCL), and Indian Oil Corp. (IOC) have shown resilience, gaining ground even as broader market indices face selling pressure. This surprising strength comes amid a steep fall in global crude oil prices, driven by renewed concerns about the economic health of the …

Govt to sell 6.78% stake in GIC Re via OFS, sets floor price at Rs.395/share

Govt to sell 6.78% stake in GIC Re via OFS, sets floor price at Rs.395/share

4 September 2024

The shares of General Insurance Corp of India (GIC Re) saw a significant decline on Wednesday as the Indian government initiated the sale of a 6.78% stake in the company. This sale marks a strategic move by the government to reduce its stake in the state-owned reinsurer, with a targeted price of Rs 395 per …

Torrent Power has entered into a fresh MoU with the Government of Maharashtra

Torrent Power has entered into a fresh MoU with the Government of Maharashtra

4 September 2024

Torrent Power is a big company in India that deals with making and delivering electricity. They do everything from making the power to sending it out to homes and businesses. They also make and sell power cables to help keep everything running smoothly. A new agreement was signed by Torrent Power Ltd. and the Department …

Yatra Online to acquire Globe Travels for Rs.128 crore

Yatra Online to acquire Globe Travels for Rs.128 crore

4 September 2024

Yatra Online Ltd has recently been in the travel industry news with its latest announcement —acquiring Globe Travels from Ramkrishna Forgings Ltd for Rs.128 crore (about $15 million). This deal, set to be completed through Yatra’s Indian arm, is a play to boost its corporate travel services. Deal Details: What’s on the Table? So, what’s …

Adani Power Expands Rajasthan Plant, Targets 31 GW Capacity

Adani Power Expands Rajasthan Plant, Targets 31 GW Capacity

4 September 2024

India’s largest private thermal power producer, Adani Power, is significantly expanding its operations. The company has announced plans to more than triple the capacity of its Kawai power plant in Rajasthan, investing up to ₹18,000 crore. Currently operating at 1,320 MW, the Kawai plant will undergo a two-phase expansion, increasing its capacity to 4,520 MW …

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