Tube Investments of India Limited (TIIL), a leading player in the Indian engineering industry, announced a significant move to solidify its position in the burgeoning electric vehicle (EV) market. Through its wholly-owned subsidiary, M/s. Tl Clean Mobility Private Limited (TICMPL), TIIL, has acquired a controlling stake in M/s. IPLTech Electric Private Limited (IPLT). Acquisition Details …
On May 31, 2024, DroneAcharya Aerial Innovations Limited announced its financial results for the financial year ended 2024. The company achieved a 90% year-on-year growth in revenue. Financial Highlights of FY 2024 Standalone: In FY 2024, DroneAcharya Aerial Innovations Limited’s total income was ₹3,735.32 lakh, up by 95.20% compared to ₹1,913.55 lakh in FY 2023. …
On May 30, 2024, Power Grid Corporation of India Limited informed in a stock exchange filing that having been selected as the successful bidder under tariff-based competitive bidding, the company acquired Khavda IV-E2 Power Transmission Limited (KIVE2TL). This Project SPV will establish the Transmission System for Evacuation of Power from the potential renewable energy zone …
On May 30, 2024, Kewal Kiran Clothing Limited (KKCL) informed the stock exchanges about the strategic acquisition of a 50% stake in Kraus Casuals Private Limited (KCPL) for a total consideration of ₹166.51 crore. The company stated that the equity stake would be acquired via primary infusion and secondary purchase. By entering into the women’s …
On May 30, 2024, Sun Pharmaceutical Industries Limited (Sun Pharma) informed the stock exchanges that the company has accepted the preferential offer to acquire 14.28% shares of the Indian Foundation for Quality Management (IFQM), a Section 8 Company. Details of the Acquisition Sun Pharmaceutical Industries Limited is investing in the equity shares of IFQM at …
TBO Tek Limited, a leading travel technology company, announced a significant investment of ₹100 crore in its wholly-owned subsidiary, Tek Travels DMCC. This strategic move highlights TBO Tek’s commitment to accelerating its international expansion plans and capturing a larger share of the global travel market. Fueling Growth Through Targeted Investment The Board of Directors of …
HDFC Bank Limited, a leading Indian financial institution, announced a strategic investment in TruBoard, a prominent PropTech (property technology) company, through its subsidiary HDFC Capital Advisors Limited (HCAL). This move highlights HDFC’s commitment to fostering innovation within the real estate sector. Investing in the Future of Real Estate The investment involves the acquisition of 1,043 …
Tata Steel Limited is an Indian multinational steel-making company, based in Jamshedpur, Jharkhand, and headquartered in Mumbai, Maharashtra. It is a part of the Tata Group. Formerly known as Tata Iron and Steel Company Limited (TISCO), Tata Steel is among the largest steel-producing companies in the world. The company has planned a Capex of Rs.17,000 …
IDFC FIRST Bank is an Indian private sector bank formed by the merger of the banking arm of Infrastructure Development Finance Company and Capital First, an Indian non-bank financial institution. The private bank has a market capitalization of more than Rs.50,000 crores. IDFC First Bank board has approved the plan to raise Rs.3200 crores of …
Subex, a leading provider of artificial intelligence (AI)-powered solutions for telecom companies, announced a significant contract win with a major European telecom operator. This five-year agreement, valued at approximately €1.1 million (USD 1.1 million), underscores Subex’s position at the forefront of telecom fraud management innovation. HyperSense AI/ML Platform to Combat Evolving Threats The contract entails …
