On March 13, 2024, one of the leading commercial and passenger vehicle manufacturers, Tata Motors Ltd, stated in an exchange filing about the signing of a facilitation Memorandum of Understanding (MoU) with the Government of Tamil Nadu to develop a manufacturing facility in the state. As a result of this MoU, the company will establish …
SpiceJet, a leading player in the Indian aviation sector, has recently finalized lease agreements for 10 aircraft as part of its preparations for the upcoming summer schedule. This significant expansion underscores the airline’s dedication to meeting the growing demand for air travel and providing enhanced services to passengers during peak travel seasons. Strategic Capacity Enhancement …
On March 13, 2024, The Board of IIFL Finance approved fundraising up to ₹1500 crore through the rights issue of equity shares. Further, the Board also approved raising up to ₹500 crore through the issue of non-convertible debentures on a private placement basis. IIFL Finance’s Fundraising Move On Wednesday, the board of the non-banking finance …
On March 13, 2024, Hindustan Aeronautics Limited (HAL) signed two contracts for a combined value of ₹8,073.17 crore with the Ministry of Defence (MoD) after approval from the Cabinet Committee on Security (CCS). Insight into Contracts The contract has been signed for the acquisition of 34 Advanced Light Helicopters (ALH) Dhruv Mk III along with …
On March 14, 2024, Reliance Industries Limited informed the exchange in a filing that it had entered into a binding agreement with two subsidiary companies of Paramount Global for the acquisition of a 13.01% equity stake (on a fully diluted basis) of Viacom 18 Media Private Limited for a consideration of ₹4,286 crore. The stake …
About the Expansion Plans Nazara Technologies Limited a leading gaming and sports media company has unveiled its ambitious strategy to earmark USD 100 million or Rs 830 crore towards mergers and acquisitions (M&A) within the next 24 months. This strategic initiative underscores Nazara’s commitment to strengthening its global foothold and catalyzing its evolution into an …
About the project Shriram Properties has launched its latest RERA-approved residential project under the ‘Codename Ultimate’ near Electronic City, Bengaluru. The project is being developed under the joint development model, with an aggregate saleable area of around 5.0 lakh square feet. This 400+ unit Balinese-themed project, characterized by its tranquil and harmonious ambience, prioritizes open …
Today, RVNL share price experienced a decline of 8.52%. Despite the negative market sentiment, the scrip saw a significant surge in volume, increasing by more than 3.40 times. The company’s current market capitalization stands at Rs 46,443.82 crore. Recent Development Rail Vikas Nigam (RVNL) has been awarded a Letter of Award (LoA) from Madhya Pradesh …
Man Infraconstruction Limited (MICL), a leading player in the real estate industry, has set a new benchmark by delivering Aaradhya Highpark Towers E & F, located near Dahisar at Mira Road, a remarkable 21 months ahead of its scheduled completion date. This achievement highlights MICL’s commitment to timely project delivery and quality construction in the …
Shree Cement, one of India’s leading cement producers, recently announced its entry into the Ready Mix Concrete (RMC) segment with the acquisition of operational RMC plants in the Mumbai Metropolitan Region (MMR) of Maharashtra. This move marks a significant step in the company’s growth strategy, leveraging its strong presence in the cement industry to expand …
