Aster DM Healthcare Limited has reinforced its investment in Alfaone Medicals Private Limited (AMPL) through a strategic transaction aimed at strengthening its capital structure and supporting business growth. This move follows the company’s earlier agreements regarding share subscription and loan-to-equity conversion. Loan Settlement and Capital Infusion The latest development involves settling the remaining unpaid amount …
Ashok Leyland, a key supplier of logistics vehicles to the Indian Army, has secured multiple defence contracts worth over ₹700 crore. These vehicles will support troop transportation, logistics, and other mobility needs under the Close-in Weapon Systems (CIWS) program. Range of Vehicles for the Armed Forces The new contracts include a variety of specialised vehicles, …
Adani Power Ltd has resumed full electricity supply to Bangladesh from its 1,600-megawatt coal-fired plant in Jharkhand after the country started making regular payments, according to Bloomberg. This move follows months of reduced power delivery due to outstanding dues and financial struggles faced by Bangladesh. Why the Supply Was Cut? In November, Adani Power Ltd …
Zaggle Prepaid Ocean Services share price surged 5% for the second straight session on March 28, hitting ₹361.85 per share. The rally comes after the company approved the acquisition of a 45.33% stake in Effiasoft Private Limited. Acquisition of Effiasoft On March 27, Zaggle’s board approved the purchase of a 45.33% stake in Effiasoft from …
On March 28, 2025, IndusInd Bank share price declined by 0.97%, hitting an intraday low of ₹667 on the BSE. This drop ended the bank’s 2-day winning streak. At around 9:32 AM, the stock was trading at ₹668.50, down 0.76%, while the BSE Sensex was down 0.13% at 77,508.72. The bank’s market capitalisation stood at …
Dixon Technologies has entered into a joint venture with Signify Innovations India to manufacture lighting products in India, marking a strategic move to strengthen domestic OEM capabilities, as reported by CNBC-TV18. The announcement coincides with the government’s finalisation of a new ₹25,000 crore Production-Linked Incentive (PLI) scheme to promote electronics component manufacturing. Dixon and Signify Launch …
Zen Technologies has secured a fresh order worth ₹152 crore from the Ministry of Defence for the supply of an integrated air defence combat simulator for the L70 gun. The announcement, made on March 27, marks a significant addition to the company’s growing defence portfolio. Order Details and Strategic Importance The ₹152 crore contract involves the …
Godrej Properties Limited (GPL), one of India’s top real estate developers, has successfully sold around 90 homes worth over ₹1,000 crore on the launch day of its luxury project, Godrej Astra. This premium residential project is located in the well-known Golf Course Road area of Gurugram and spans approximately 2.76 acres. It offers a combination …
Tata Motors has successfully raised ₹2,000 crore by allotting Non-Convertible Debentures (NCDs) on a private placement basis. The company informed stock exchanges on March 27 that its board had approved the allotment of 2,00,000 NCDs in multiple tranches, each with a face value of ₹1,00,000. Details of NCD Allotment The NCDs were distributed among several …
On March 28, 2025, UCO Bank shares are on investors’ radars as the public sector bank has finished capital raising via Qualified Institutional Placement (QIP). On March 27, 2025, UCO Bank, through an exchange filing, announced that the Board of Directors had approved the allotment of 583,600,803 Equity Shares to eligible qualified institutional buyers at …
