In a significant corporate restructuring, Tata Motors Ltd. has revealed a comprehensive scheme of arrangement aimed at optimizing its business operations. The board has approved the demerger of its Commercial Vehicle (CV) business into a newly formed and separately listed entity, while Tata Motors Passenger Vehicles (TMPV) will merge with the existing listed company. Demerger …
Max Healthcare Institute Ltd. has announced plans to establish a new hospital in Mohali’s Zirakpur, Punjab. The project involves an investment of Rs.230 crore and aims to expand the company’s healthcare network. New Hospital Project Details The new facility will be a build-to-suit hospital with over 250 beds. Max Healthcare will enter into a long-term …
Kalyan Jewellers India Ltd. designs, manufactures, and sells a variety of gold, studded, and other jewelry items across different price ranges, it is one of India’s largest jewelry retailers in India by revenue. Financial Performance Kalyan Jewellers India Ltd. reported a 23.6% year-on-year (YoY) increase in net profit for Q1FY25, at Rs.177.8 crore, a notable …
ITC, the second-largest FMCG company in India and the third-largest tobacco company globally, reported a marginal profit in Q1 FY25. The company operates across six segments: FMCG, hotels, agribusiness, information technology, paper products, and packaging, with the majority of its revenue coming from tobacco products. ITC employs 37312 people at over 60 locations in India, …
Pritika Auto Industries Limited has recently announced its highest ever monthly dispatch, reaching an impressive 3,550 tons in July 2024. This landmark achievement underscores the company’s robust operational capabilities and commitment to excellence. Commitment to Excellence The company has been consistently striving to enhance its production and distribution processes. This recent milestone is a testament …
Netweb Technologies India (NTI) is a top provider of high-end computing solutions (HCS) in India, offering design and manufacturing services. Yesterday, shares of Netweb Technologies worth Rs.459 crore were sold in a block deal which consisted of approximately 20.5 lakh shares, representing a 3.64% stake in the company. The shares were exchanged at an average …
In a strategic move to bolster its presence in the nutritional health solutions market, Nestle India Ltd. has invested Rs 705.5 crore in a joint venture with Dr. Reddy’s Laboratories Ltd. This partnership is expected to synergize the strengths of both companies, catering to the growing demand for health supplements and nutraceuticals in India. Investment …
Zomato, a leading food aggregator, is diversifying its services by launching a new app called District. This innovative platform is designed to consolidate a wide range of ‘going-out’ services, offering customers a one-stop destination for dining, movies, sports ticketing, live performances, shopping, and staycations. The announcement was made by CEO Deepinder Goyal following Zomato’s first-quarter …
India holds a dominant position in the global heavy vehicles market as it is the largest tractor producer, 2nd largest bus manufacturer, and 3rd largest heavy truck manufacturer in the world. During July 2024, most of the automobile manufacturers recorded a mixed sales number on a YoY basis: Let us now have a look at …
From Humble Beginnings to Global Giant Established in 1978 in Hyderabad, Gland Pharma has evolved from a contract manufacturer of small-volume liquid parenteral products to one of the largest injectable-focused companies globally. Its remarkable journey has led to a robust presence in over 60 countries, including the United States, Europe, Canada, Australia, India, and other …
