Sundaram-Clayton Limited, a diversified Indian conglomerate, announced a strategic expansion on July 23, 2024, with the incorporation of a wholly-owned subsidiary named “SCL Properties Private Limited” (SCLPPL). This move signifies the company’s foray into the promising data centre and IT services sector. Wholly-Owned Subsidiary Strengthens Strategic Position Sundaram-Clayton has fully subscribed to SCLPPL’s equity shares, …
Piramal Pharma Limited announced a significant step towards bolstering its commitment to sustainability on July 23, 2024. The company’s Board of Directors approved definitive agreements for acquiring up to a 15.76% equity stake in Clean Max Aero Private Limited (SPV), a renewable energy supplier, for a total consideration of ₹2.16 crore in cash. Strategic Investment …
Huhtamaki India Ltd., a leading provider of sustainable packaging solutions, released its financial results for the quarter and half-year ended June 30, 2024. While the results reveal a mixed performance, the company emphasises its commitment to a long-term growth strategy. Q2FY24: Modest Sales Growth, EBIT Decline Huhtamaki India reported net sales of ₹6,209.8 million for …
On July 23, 2024, United Spirits Ltd, a major beverage alcohol company in India, shared its unaudited financial results for the first quarter ending June 30, 2024. Key Highlights for the Quarter United Spirits Ltd’s Net Sales Value (NSV) reached ₹2,761 crore, while EBITDA stood at ₹713 crore. The NSV saw a 3.5% increase year-on-year, …
Heritage Foods Limited, a leading dairy company in India, announced impressive results for the quarter ended June 30, 2024 (Q1FY25), marking significant milestones and strategic growth. Revenue Surpasses ₹10,000 Crore for the First Time The company achieved a noteworthy 11.8% growth in revenue, surpassing the ₹10,000 crore mark for the first time in a single …
Record-Setting Performance M-Cap Crossed Rs 1 Lakh Crore Diageo-controlled liquor maker, United Spirits Ltd, achieved a significant milestone on Wednesday as its stock price surged by over 5%, reaching a new all-time high of Rs 1,417.3 on the NSE. This upward movement pushed the company’s market capitalisation beyond the Rs 1 lakh crore mark. Financial …
Bajaj Finserv Ltd. serves as the holding company for the diverse financial services businesses within the Bajaj group. Catering to millions of customers, Bajaj Finserv offers a comprehensive range of financial solutions, including asset acquisition through financing, asset protection via general insurance, and family and income protection through life and health insurance. Additionally, it provides …
Antony Waste Handling Cell Ltd. has experienced a remarkable surge in its share prices, rallying over 20% in just two trading sessions. The stock climbed by 16.5% today, reaching an all-time high of Rs.808.8. This increase follows a 3% rise on Tuesday and a 14% gain on Monday, marking a substantial three-day gain of more …
On July 23, 2024, ICICI Lombard General Insurance Company Limited announced via a stock exchange that it had acquired a 0.01% shareholding in Reliance Industries Limited. Objective of Acquisition Regarding the objective of the acquisition, the company stated it as part of ICICI Lombard’s regular business activities. Acquisition Details Related Party Transaction The investment in …
On July 23, 2024, EKI Energy Services Limited (EKI), a top global provider of carbon credits, announced its financial results for the first quarter of 2024-25. The company saw a boost in revenue to ₹136.20 crore, thanks to its new focus on power trading. EKI is also investing in efforts to reduce carbon emissions, including …
