On August 22, 2024, Power Grid Corporation of India Limited (POWERGRID) announced the acquisition of Beawar – Mandsaur Transmission Limited (BMTL) and Sirohi Transmission Limited (STL). Both acquisitions were achieved through successful bidding under Tariff Based Competitive Bidding (TBCB) guidelines. Beawar – Mandsaur Transmission Limited Acquisition POWERGRID acquired BMTL, a Special Purpose Vehicle (SPV), for …
On August 22, 2024, Lemon Tree Hotels informed the stock exchanges about the signing of its latest property, Keys Select by Lemon Tree Hotels, Shivpuri, Madhya Pradesh. This new addition will be franchised by Lemon Tree Hotels and is expected to open in FY 2026. Shivpuri, a charming town in Madhya Pradesh, is celebrated for …
Wipro Ltd announced that the company was selected by the John Lewis Partnership (JLP) to transform and modernise its IT infrastructure, solidifying the UK retailer’s position as an industry leader. This strategic partnership will enable JLP to future-proof its business and sustain ongoing growth through cutting-edge technology. Wipro FullStride Cloud will extend JLP’s existing cloud …
On August 22, 2024, Bandhan Bank Ltd, on the eve of its Foundation Day, announced the launch of Avni, an exclusive savings account tailored for women. The bank also introduced its innovative loyalty program, Bandhan Bank Delights, where customers can earn reward points known as Delight Points. These points can be redeemed for purchases and …
RailTel Corporation of India Ltd. is an Indian public-sector company that provides broadband and VPN services. RailTel was established in September 2000 with the goal of modernizing Indian Railways’ train control, operation, and safety systems as well as building a national broadband, telecom, and multimedia network. RailTel Corporation’s telecom services segment includes providing broadband and …
Recently, Nykaa saw a major jump in its market cap, increasing by Rs.5,187.5 crore following a block deal where 41.4 lakh shares worth Rs.91.2 crore changed hands. Despite the buzz, Nykaa’s shares closed slightly lower at Rs.210.42, even as the broader market nudged up by 0.17%. Promoters’ Plan to Cash Out Harindarpal Singh Banga and …
At the close of the trading session on August 22, 2024, the Nifty 50 and Sensex were up by 0.17% and 0.18% closing at 24,811 and 81,503, respectively. Top Gainers and Losers On the sectoral front, Nifty Consumer Durables, Nifty Metal, Nifty PSU Bank, and Nifty FMCG saw gains. On the other hand, Nifty Oil …
On August 22, 2024, TVS Motor Company (TVSM), a global leader in the two—and three-wheeler market, introduced the brand-new TVS Jupiter 110. This scooter’s next-generation engine powers it and includes advanced, first-of-its-kind features in its segment. The new TVS Jupiter 110 offers “more”—more style, better mileage, enhanced performance, improved comfort, added convenience, increased safety, and …
On August 22, 2024, GAIL (India) Limited and Petron Scientech Inc (Petron) announced that they had signed an agreement to explore the potential of establishing a bioethylene plant in India. The plant would have a capacity of 500 kilotons per year and would be developed in partnership, with each company holding a 50% stake in …
India has begun revolutionising the semiconductor market by offering incentives to domestic and international players. These steps may prove to make India a significant hub for semiconductor manufacturing in the future. In 2022, the Indian semiconductor market was valued at US$ 26.3 billion and is expected to expand at a CAGR of 26.3% to US$ …
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