On April 15, 2024, Mahindra & Mahindra Limited informed in an exchange filing that the company approved the acquisition of a 26% stake in one or more tranches in the Paid-Up Equity Share Capital of Gelos Solren Private Limited (Gelos). Details of the Acquisition Mahindra & Mahindra stated that Gelos is a wholly-owned subsidiary of …
Marking a significant move in expanding its commercial portfolio, Brigade Enterprises Limited, a prominent real estate developer, announced a Joint Development Agreement (JDA) with Agni Estates & Foundations Pvt Ltd on April 15, 2024. This partnership will develop Brigade Tech Boulevard, a premium office space project in Chennai. Brigade Enterprises plans to invest approximately ₹400 …
On April 15, 2024, Happiest Minds Technologies Limited informed in a stock exchange filing that the company has been chosen by MindSculpt Analytics to build advanced AI Medical Preventive and Diagnostic solutions. Details of the Collaboration On Monday, Happiest Minds Technologies announced that it has been engaged by MindSculpt Analytics, a Healthcare Solutions Company, to …
Expanding nationwide city gas distribution coverage is part of the Indian government’s target of raising India’s share of natural gas in its energy basket to 15% by 2030 from the current 6.8%. What is Piped Natural Gas? It is the same natural gas which is brought up to the kitchen appliance at the consumer end …
Today, the Indian market is trading in the red on the very first day of the week. The major indices like Nifty50 are trading around 150 points down from Friday’s closing levels at 22519.40, while the S&P BSE is trading at 73,720, reflecting a decline of around 524 points from the previous trading day’s closing …
The stock which had given a 34% return in the year 2023 is down by 16% in this year 2024, the major hit coming after the Supreme Court notice on 28th of February to Patanjali Ayurved and its MD Acharya Balkrishna. What has Happened? The court had directed Patanjali to stop all electronic and print …
On April 15, 2024, EaseMyTrip, one of India’s largest online travel tech platforms, informed in a stock exchange filing that the company launched its first franchise store in Karnal, Haryana. This new store marks the 14th store for the company in the country. This move is a part of the brand’s expansion plans through the …
On April 15, 2024, Indiabulls Housing Finance Limited (IHFL), one of the leading housing finance companies, announced that it had transferred the second tranche of the Reserve amount of ₹291.49 crore to the lender repayment trust (IDBI Trusteeship Services Limited) for Foreign Currency Convertible Bonds (FCCBs) redemption on the optional put date of September 29, …
On April 15, 2024, the renewable power generation giant Adani Green Energy Limited (AGEL) announced an operational update for the year (FY 2024) ending March 31, 2024. During the year, the operational capacity increased by 35% YoY to 10,934 MW with the greenfield addition of 2,418 MW solar and 430 MW wind power plants. This …
When Hindenburg in Last year published a short report on the Conglomerate, the shares of the majority of its companies touched 52-week lows. The insurance giant faced intense scrutiny over its decision to invest in the Adani group after allegations of stock manipulation fuelled by the Hindenburg report. LIC’s Investment Value Jump Though after such …
