Barbeque-Nation Hospitality Limited, one of the leading casual dining chains in India announced the acquisition of an additional 4.14% stake in its subsidiary, Red Apple Kitchen Consultancy Private Limited yesterday. This acquisition was approved by the Board of Directors and involved the purchase of 270 equity shares, each with a face value of Rs.100, at …
Sansera Engineering Limited was incorporated in 1981 in Bengaluru and started commercial production of passenger vehicle components in 1986. The company expanded its precision component manufacturing business organically in India by initiating supplies to the two-wheeler vertical in 1996, off-road vehicles in 2009, and light commercial vehicles in 2011. In 2013, a manufacturing facility dedicated …
Uno Minda Limited (formerly Minda Industries Limited), a leading supplier of automotive systems, has signed a Technical License Agreement (TLA) with Aisin Corporation, Japan. This agreement allows Uno Minda to manufacture and sell sunroofs. Established in 1965, Aisin is a global supplier of automotive components and technologies, with consolidated sales of 4,910 billion JPY for …
IndusInd Bank has introduced the ‘PIONEER Private Program,’ a new service offering customised financial solutions for High-Net-Worth Individuals (HNWIs). This program represents a significant advancement in the bank’s dedication to providing personalised service to this elite client group. The PIONEER Private Program delivers a range of tailored financial solutions designed specifically for HNWIs and Ultra-High-Net-Worth …
On July 31, 2024, Wipro Limited announced its selection by MAHLE, a global automotive supplier, to upgrade its IT infrastructure with a new hybrid cloud solution. This multi-year project involves moving MAHLE’s two main data centres to Wipro FullStride Cloud’s hybrid cloud platform. The goal is to enhance business flexibility, streamline IT operations, and comply …
Exicom Tele-Systems Limited has announced through a stock exchange filing that its wholly-owned subsidiary, Exicom Power Solutions B.V., has acquired 12,000 ordinary shares of Tritium Power Solutions Pty Ltd, Queensland. The shares, priced at $0.01 each, were purchased from Mr Raj Kumar, a resident of Narre Warren South, VIC, Australia. The total consideration for this …
Hero MotoCorp Limited has announced the launch of its operations in the Philippines, marking a significant step in its global expansion strategy. The company has partnered with Terrafirma Motors Corporation (TMC), part of the Columbian Group of Companies, which is one of the leading automotive groups in the Philippines. TMC will act as the exclusive …
On August 1, 2024, Amara Raja Advanced Cell Technologies Private Limited (ARACT), a subsidiary of Amara Raja Energy & Mobility Limited (ARE&M), announced that it will sign a Memorandum of Understanding (MoU) with Ather Energy. This partnership will focus on developing and supplying advanced lithium-ion cells, including Nickel Manganese Cobalt (NMC) and Lithium Iron Phosphate …
On July 31, 2024, IIFL Securities Ltd announced that it had reported significant increases in both revenue and profit for the quarter ending June 30, 2024. IIFL Securities Ltd’s total income increased by 57% year over year to ₹643.8 crore, driven by strong performance across all key business segments. Total brokerage revenue rose by 75% …
On July 31, 2024, PTC Industries Limited, known for producing high-quality and precise metal components for critical and supercritical applications, shared its financial results for the quarter ending 30 June 2024. In Q1 FY2025, PTC Industries Limited reported a total income of ₹505.2 million, down from ₹744.2 million in Q1 FY2024. This decrease is due …
