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HDFC Bank sells $717 million of home loans to reduce credit book

HDFC Bank sells $717 million of home loans to reduce credit book

27 September 2024

In the Indian banking sector, HDFC Bank Limited has made a name for itself as a leader thanks to its cutting-edge goods and services, solid customer service, and steady financial results. HDFC Bank has a vast network of branches and ATMs throughout the nation, which allows it to serve a wide range of customers’ financial …

Max Healthcare to Acquire 64% Stake in Jaypee Healthcare

Max Healthcare to Acquire 64% Stake in Jaypee Healthcare

27 September 2024

Max Healthcare Institute Limited, a major player in the Indian healthcare sector, has announced its plan to acquire a 63.65% equity stake in Jaypee Healthcare Limited (JHL) for approximately Rs.398 crore. This acquisition comes amid Jaypee Healthcare’s ongoing Corporate Insolvency Resolution Process (CIRP) and shows Max Healthcare’s strategy to strengthen its operations in the National …

Block Deal Worth Rs 1,110.9 Crore in Sterling and Wilson Renewable Energy

Block Deal Worth Rs 1,110.9 Crore in Sterling and Wilson Renewable Energy

27 September 2024

Sterling and Wilson Renewable Energy Limited (SWREL) is a global leader in providing end-to-end renewable engineering, procurement, and construction (EPC) solutions. With a presence in 28 countries, SWREL has established itself as a pure-play renewable energy company specializing in utility-scale solar, floating solar, hybrid, and energy storage solutions. The company has a robust portfolio of …

Ola Electric’s Affordable S1 X 2kWh Scooter Secures PLI Certification

Ola Electric’s Affordable S1 X 2kWh Scooter Secures PLI Certification

27 September 2024

Ola Electric’s Latest Milestone in EV Manufacturing In an exciting development for India’s electric vehicle (EV) sector, Ola Electric’s S1 X 2kWh scooter has officially secured Production Linked Incentive (PLI) certification. This certification further cements Ola Electric’s position as a leader in the EV market, thanks to its adherence to stringent localisation norms and the …

Alembic Pharma Gets USFDA Nod for Paliperidone ER Tablets

Alembic Pharma Gets USFDA Nod for Paliperidone ER Tablets

27 September 2024

On September 27, 2024, Alembic Pharmaceuticals announced that it had been given final approval from the US Food & Drug Administration (USFDA) for its Paliperidone Extended-Release Tablets in strengths of 1.5 mg, 3 mg, 6 mg, and 9 mg. This approval is for a generic version of Invega Extended-Release Tablets developed by Janssen Pharmaceuticals. Paliperidone …

Best Semiconductor Stocks in India in October 2024 Based on 5Y CAGR

Best Semiconductor Stocks in India in October 2024 Based on 5Y CAGR

27 September 2024

Historically, India has been fully dependent on imports to fulfil its need for semiconductor devices due to the absence of semiconductor fabrication facilities in India. However, the picture has currently changed as India is gearing up in the industry with new facilities and support to players. The Indian semiconductor market was estimated at US$ 26.3 …

Best Defence Stocks in October 2024 – 5yr CAGR Basis

Best Defence Stocks in October 2024 – 5yr CAGR Basis

27 September 2024

India is recognised as one of the strongest military forces globally and is strategically important to its government. The three largest market segments in the Indian defence sector are military fixed-wing aircraft, naval vessels and surface combatants, and missiles and missile defence systems. Other notable segments include submarines, artillery,  military rotorcraft, tactical communications, electronic warfare, …

SJVN Partners with the Maharashtra Government for ₹48,000 Crore Energy Projects

SJVN Partners with the Maharashtra Government for ₹48,000 Crore Energy Projects

27 September 2024

SJVN Limited, a Navratna Central Public Sector Enterprise (CPSE), has taken a significant step in enhancing Maharashtra’s energy infrastructure by signing 2 landmark Memorandums of Understanding (MoUs) with the Government of Maharashtra.  The agreements were formalised in Mumbai in the presence of Hon’ble Deputy Chief Minister and Energy Minister, Sh. Devendra Fadnavis is geared towards …

PTC Industries Wins Major Titanium Castings Order from BAE Systems

PTC Industries Wins Major Titanium Castings Order from BAE Systems

27 September 2024

On September 27, 2024, PTC Industries Limited, known for its high-quality engineering metal components, announced a significant production order from BAE Systems.  This order involves supplying Titanium castings for the M777 Ultra-Lightweight Howitzer (ULH), specifically for parts like Spade Trails and Blades. The development of these castings took 2 years, marking a key milestone in …

Lemon Tree signed a pact for a 74-room property in Gujarat.

Lemon Tree signed a pact for a 74-room property in Gujarat.

27 September 2024

In May 2004, Lemon Tree Hotels Limited (LTHL) inaugurated its first hotel, comprising 49 rooms. With over 160 hotels in its portfolio as of right now, the company boasts over 100 hotels that are currently in operation and over 60 hotels that are slated to open in India and other countries. In addition to many …

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