On April 1, 2024, AU Small Finance Bank (AU SFB) amalgamated Fincare Small Finance Bank (Fincare SFB), marking the first such consolidation in the sector. Details of the Amalgamation The all-stock merger deal was first announced on October 29, 2023, where the shareholders of Fincare Small Finance Bank received 579 equity shares in AU Small …
On April 1, 2024, Sancode Technologies informed in an exchange filing that the company has acquired 1% shareholding in the existing Joint Venture Company “Sanfin Technologies Private Limited”. Details of the Acquisition Sancode Technologies Limited acquired an extra 1% shareholding on March 31, 2024, in Sanfin Technologies Private Limited, where the company already holds 50% …
On April 01, 2024, CSB Bank Limited released its business updates for the financial year that ended March 31st, 2024. The bank recorded a Year-on-Year (YoY) growth of ~21.27% in total deposits to ₹29,719 crore as compared to ₹24,506 crore as of March 31, 2023. Out of these total deposits, the CASA portion stood at …
On April 01, 2024, the Indian Renewable Energy Development Agency Ltd (IREDA) released its Business Performance for the Quarter / Year Ended 2023-24 (Provisional). In the exchange filing, the company stated that it has recorded the highest-ever loan sanctioned at ₹37,354 crore and loan disbursement at ₹25,089 crore during FY 2023-24. Loan Book stands at …
On April 2, 2024, Mankind Pharma Limited informed the stock exchanges that the company’s board had approved the sale of its Over The Counter (OTC) business to a yet-to-be-incorporated wholly-owned subsidiary. Details of the Sale and Subsidiary On Tuesday, Mankind Pharma held a board meeting and informed the stock exchanges that the board of the …
Exploring Employee Costs Across Tata Group In recent headlines, the Tata Group has captured attention with speculations swirling around its plans to introduce a series of public issues within the next few years, breaking a trend of minimal public offerings over the past two decades. While concrete details on these potential public issues remain elusive, …
Naman In-Store (India) Limited is a retail furniture and fittings company that provides retail solutions to various industries and retail outlets, debuted on the Indian stock market today. The stock of Naman In-Store India opened at Rs 125 per share on the NSE, indicating an impressive 40.45% premium over the final issue price of Rs …
About Agreement BASF India Limited, a leading chemical company, has signed a significant agreement to secure renewable energy for its manufacturing site in Mangalore, Karnataka. This move demonstrates BASF’s commitment to sustainability and aligns with the Indian government’s push for clean energy adoption. The agreement is a 25-year Power Purchase Agreement (PPA) with Clean Renewable …
On April 2, 2024, Tata Technologies informed the stock exchanges that the company had executed a Joint Venture Agreement with BMW Holding B.V., Netherlands (BMW). Details of the Joint Venture Agreement Tata Technologies and BMW Holding B.V., Netherlands, entered into a joint venture agreement on Tuesday. As per the exchange filing, the joint venture will …
On April 1, 2024, Nazara Technologies informed the stock exchanges that the company’s step-down subsidiary, Nazara Technologies, Mauritius (Nazara Mauritius), which is based out of Mauritius, has entered into a definitive agreement with Lychee Ventures and NZMobile Nigeria Limited, a wholly-owned subsidiary of Nazara Mauritius, for the purpose of sale and transfer of its existing …
