Exicom Power Solutions B.V., a wholly-owned subsidiary of Exicom Tele-Systems Limited, has established a new wholly-owned subsidiary named Tritium Power Solutions Inc. in Delaware, USA. It has a share capital of 1,50,00,000 shares, each valued at $1. As a result, Tritium Power Solutions Inc. is now a step-down wholly-owned subsidiary of Exicom Tele-Systems Limited. The …
On July 28, 2024, Monarch Networth Capital Ltd, an integrated financial services firm listed on both stock exchanges, announced a strategic fundraising and a bonus share issue following a decisive board meeting. The company has secured an equity fundraising of ₹300 crore at ₹560 per share through preferential allotment. This move is championed by Promoter …
On July 28, 2024, The Board of Directors of UltraTech approved the purchase of a 32.72% equity stake in India Cements Limited from its promoters and their associates. In June 2024, UltraTech made a financial investment to acquire a 22.77% equity stake in India Cements at ₹268 per share. Following this investment, the promoter group …
On Monday, the benchmark indices were trading in the green with the Sensex up around 320 points or 0.39% at 81,650, while the Nifty-50 was up around 85 points or 0.34% at 24,920. About 2,421 shares have advanced; 794 declined and 126 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
Man Infraconstruction Limited (MICL Group), a prominent player in the luxury residential real estate market, has reached a significant milestone with its Aaradhya OnePark project. This blog explores the factors contributing to this rapid success and what it means for the future of MICL Group. A Remarkable Achievement Launch and Initial Success Launched in January …
On July 29, 2024, Larsen and Toubro Ltd announced via a stock exchange filing that its Power Transmission & Distribution (PT&D) division has secured new orders to build substations and transmission lines in India, Saudi Arabia, and the UAE. These projects are vital for enhancing the global electricity network, supporting the shift to clean energy, …
On July 29, 2024, Coforge Limited informed the stock exchanges that it has been recognised as a Leader in the 2024 NelsonHall Vendor Evaluation & Assessment Tool (NEAT) for Asset and Wealth Management services. The company secured top positions in both the ‘Overall’ and ‘AI & Analytics Services’ categories. NelsonHall, a prominent global analyst firm …
JSW Energy Limited has announced that its wholly owned subsidiary, JSW Neo Energy Limited (JSW Neo), has received a Letter of Intent (LoI) from Gujarat Urja Vikas Nigam Limited (GUVNL) to establish a 192 MW Grid-connected Hybrid Power Project. This project includes an additional 96 MW under the green shoe option. The capacity was awarded …
Gensol Engineering Ltd, a leading player in solar power EPC services and electric mobility, has secured a significant order valued at ₹463 crore. The project involves the engineering, design, procurement, erection, testing, and commissioning a 500 MW solar plant at the Khavda Renewable Energy Power Park in Gujarat. This state-of-the-art solar plant will feature a …
ITC Limited is an Indian multi-industry company headquartered in Kolkata. It has a presence across six different business segments, namely fast-moving consumer goods (FMCGs), hotels, agribusiness, information technology, paper products, and packaging. It generates a plurality of its revenue from tobacco products. ITC Ltd. currently holds the position of the second-largest FMCG company in India …
