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Exicom Tele-Systems to Acquire Tritium’s Assets with ₹125 Crore Loan from Axis Finance

Exicom Tele-Systems to Acquire Tritium’s Assets with ₹125 Crore Loan from Axis Finance

27 August 2024

Exicom Tele-Systems Limited has entered into a significant financial arrangement by signing a Loan Agreement with Axis Finance Limited, a Non-Banking Financial Company (NBFC) registered under the Reserve Bank of India Act, 1934. The agreement, signed on August 26, 2024, enables Exicom Tele-Systems to avail a secured loan facility of up to ₹125 crore. This …

HCLTech Extends AI-Driven Partnership with Xerox for Digital Transformation

HCLTech Extends AI-Driven Partnership with Xerox for Digital Transformation

27 August 2024

HCL Technologies Limited (HCLTech) has announced an extension of its strategic AI-driven Engineering Services and Digital Process Operations (DPO) partnership with Xerox. HCLTech stated that it will help Xerox with its Reinvention strategy, which focuses on a comprehensive and structural redesign to position Xerox for sustainable and profitable long-term growth. As part of this extended …

UCAL Signs MoU with Blaer Motors

UCAL Signs MoU with Blaer Motors

27 August 2024

UCAL Limited, a big name in the automotive component world, has just signed a Memorandum of Understanding (MoU) with Blaer Motors Pvt. Ltd., a company known for its work in hybrid drivetrain solutions. This new partnership is all about collaborating on the design and development of motor controllers, specifically those ranging from 500 watts to …

Fincare Business Offloads AU SFB Stake for Rs 804 Crore

Fincare Business Offloads AU SFB Stake for Rs 804 Crore

27 August 2024

AU Small Finance Bank Limited has rapidly grown to become a prominent player in the Indian banking sector, offering a wide range of financial products and services to individuals and businesses. With its strong focus on technology and innovation, the bank has provided its customers with convenient and efficient banking solutions. An important turning point …

Akums Drugs Reports Rs 60 Crore Profit in Q1 Results

Akums Drugs Reports Rs 60 Crore Profit in Q1 Results

27 August 2024

Akums, the largest contract development and manufacturing organization (CDMO) in India, enjoys a dominant position in the local market. In the Indian CDMO market, Akums held a 9.3% market share by value in FY23, while in the Indian Pharmaceutical Market (IPM), the company held an 8.8% share by volume. Its market share by value rose …

Block Deal in Tata Technologies: Stock Recovers from Initial Decline

Block Deal in Tata Technologies: Stock Recovers from Initial Decline

27 August 2024

Tata Technologies Shares Recover from Initial Decline Following Significant Block Deal On Tuesday, August 27, shares of Tata Technologies Ltd. experienced a 2% decline, marking a significant movement in the stock after a block deal where 1.3 crore shares, equivalent to 3.3% of the company’s total equity, were transferred. The transaction occurred at an average …

Rolex Rings Sees Major Block Deal as 2% Equity Changes Hands

Rolex Rings Sees Major Block Deal as 2% Equity Changes Hands

27 August 2024

On Tuesday, August 27, 2024, the stock market witnessed a significant transaction involving Rolex Rings Ltd., where as many as 5.2 lakh shares, equating to 2% of the company’s equity, exchanged hands through a block deal window. The transaction, valued at Rs 126 crore, was executed at a price of Rs 2,519 per share. The …

Emami Ltd Invests in Pet Care: Acquires Stake in Cannis Lupus

Emami Ltd Invests in Pet Care: Acquires Stake in Cannis Lupus

27 August 2024

Emami Limited has subscribed to 4,348 compulsorily convertible preference shares (CCPS) of its associate company, Cannis Lupus Services India Private Limited. Cannis is an associate company of Emami Limited, making this acquisition a related party transaction. However, none of the promoters, promoter groups, or group companies have any interest in Cannis. The transaction has been …

GPT Infraprojects Ltd. Launches Fundraising via QIP at Floor Price of Rs 183.83

GPT Infraprojects Ltd. Launches Fundraising via QIP at Floor Price of Rs 183.83

27 August 2024

GPT Infraprojects Limited, the leading company within the GPT Group, is a prominent infrastructure firm headquartered in Kolkata. Specializing in the railway sector, it undertakes a range of civil and infrastructure projects, with a particular emphasis on constructing large bridges and road overbridges (ROBs) for railway applications. The company is recognized for its expertise and …

Tata Elxsi Jumps 14%, Block Deal of Rs 20.51 Crore Reported

Tata Elxsi Jumps 14%, Block Deal of Rs 20.51 Crore Reported

27 August 2024

Tata Elxsi is recognized as one of the world’s leading providers of design and technology services, offering innovative solutions across various industries, including Automotive, Broadcast, Communications, Healthcare, and Transportation. The company is at the forefront of helping its customers reimagine their products and services through the adoption of design thinking and the application of cutting-edge …

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