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TVS Motor Company Ventures into Premium Lifestyle Motorcycle Segment with TVS RONIN

5 April 2024

On April 5, 2024, TVS Motor Company Limited informed in a stock exchange filing that the company’s first premium lifestyle motorcycle was launched today in Colombia. Details of the New Launch On Friday, TVS Motor Company announced that it entered into the premium lifestyle motorcycle segment with the launch of TVS RONIN for its customers …

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United Spirits To Acquire 15% Stake in Pistola for ₹5.65 Crore

5 April 2024

On April 4, 2024, United Spirits Limited informed the stock exchanges that the company’s board had approved the investment in Inspired Hospitality Private Limited (Pistola). Details of the Investment On Thursday, United Spirits Limited’s board approved the investment in Inspired Hospitality Private Limited, Pistola, by subscribing to 3,494 Compulsory Convertible Preference Shares (CCPS) and 10 …

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Macrotech Developers Scales New Heights: Stellar Q4 Performance and Strategic Expansion

5 April 2024

Macrotech Developers Limited, a prominent player in India’s real estate sector, has capped off a remarkable financial year with impressive results for Q4 FY2024. Their operational updates, released on April 05, 2024, reveal significant growth across key metrics, solidifying their position as a leader in the industry. Pre-Sales Surge Macrotech witnessed a phenomenal 40% year-on-year …

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Artemis Medicare Services Ltd Partners with IFC for ₹3,300 Million Funding

5 April 2024

On April 5, 2024, Artemis Medicare Services Limited informed in an exchange filing that the company had signed definitive agreements with the International Finance Corporation to raise funds of ₹3,300 million to boost access to healthcare services and support its growth plans. Details of the Agreement On Friday, Artemis Medicare Services Ltd signed definitive agreements …

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General Election-Year Opportunities: Top Stocks to Watch in 2024

5 April 2024

The year 2024 isn’t just another General Election year for India; it’s shaping up to be the election year globally. A record number of voters across at least 64 countries, representing nearly half of the world’s population, are set to head to the polls. The outcomes of these elections are poised to have significant ramifications …

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Rally In Mazagon Dock – What’s Pushing It?

5 April 2024

The Indian government has kept their focus on the domestic defense sector and following that trend Mazagon Dock has caught a rally that investors are in awe of. In the past 12 months, the stock has given 217% returns and if we look back 5 years the stock has given 1,200% returns, a multibagger in …

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Grasim Industries To Optimise Energy Costs: Stake Purchase in Clean Max Decimus

5 April 2024

Grasim Industries, a leading Indian conglomerate known for its textiles, chemicals, and cement businesses, has taken a significant step towards a greener future. On April 4, 2024, they announced the acquisition of a 26% equity stake in Clean Max Decimus Private Limited, a Special Purpose Vehicle (SPV) focused on renewable energy generation and transmission. This …

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Sobha Limited Witnessed a Growth of 21.8% in Sales Value During FY2024

5 April 2024

On April 05, 2024, Sobha Ltd released its operational update for the quarter ended March 31, 2024. The company reported consistent sales for the quarter, reaching a value of ₹15.04 billion at an average price realisation of ₹11,230 per square foot. Due to the success of SOBHA Neopolis, which opened in Q3 of FY2024, Bangalore’s …

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ABFRL’s strategic move to demerge: would it unlock the potential of the company?

5 April 2024

Aditya Birla Fashion and Retail Ltd. (ABFRL) has announced a strategic move that could reshape its future. The company plans to vertically demerge its Madura Fashion & Lifestyle business into a separate listed entity. This decision, authorized by the Board of Directors, aims to create two independent growth engines with distinct value creation trajectories and …

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Prestige Estates Paid ₹450 Crore For The Acquisition of Land

5 April 2024

On April 04, 2024, a leading real estate developer in India, Prestige Group, announced through an exchange filing about the acquisition of ~21 acres of prime land in Whitefield, Bengaluru. The company has paid ₹450 crore in the form of consideration for the acquisition of land. The company further stated that the acquired land would …

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