Indian Hotels Company Ltd (IHCL) has announced the execution of an amended Subscription cum Shareholders Agreement (SSHA) with SATS Ltd (SATS) and Taj SATS Air Catering Limited (Taj SATS) on July 23, 2024. The SSHA, originally established on September 25, 2001, was designed to regulate the relationship between IHCL and SATS and to address various …
Krishna Institute of Medical Sciences Limited (KIMS) has announced the approval of the proposed merger between its step-down wholly-owned subsidiary, Rajyalakshmi Healthcare Private Limited (RHPL), and its holding company, Sarvejana Healthcare Private Limited (SHPL). The merger was sanctioned by the boards of both companies on July 22, 2024. Rajyalakshmi Healthcare Private Limited, the transferor company, …
Schaeffler India Limited announced that the Board of Directors approved the results for the second quarter and half year ended June 30, 2024. April – June 2024 (2nd Quarter) The company’s revenue from operations (net) for Q2’24 was ₹20,719 million, 13.3% higher than the corresponding quarter of 2023 and 12.0% higher than the preceding quarter …
Infosys Ltd has announced a strategic investment in UVC Partners, a prominent venture capital fund based in Germany, committing €5.0 million. This move is part of Infosys’ broader strategy to enhance its capabilities in artificial intelligence (AI) and deep technology, areas that are increasingly integral to its clients’ digital transformation efforts. The investment will be …
In a stock exchange filing, Bajel Projects Limited recently announced that the company has secured a significant contract from PowerGrid Corporation of India Limited (PowerGrid). This contract has been awarded for the supply of goods and services related to the Beawar-Mandsaur Transmission Line Project in Rajasthan. The specific entity on whose behalf PowerGrid awarded the …
Ester Industries Limited, in a recent stock exchange filing, announced the incorporation of ESTER LOOP INFINITE TECHNOLOGIES PRIVATE LIMITED (ELITe) as a wholly-owned subsidiary. This development follows the execution of a Joint Venture Agreement dated May 1, 2024, between Ester Industries Limited (EIL) and Loop Industries Inc. (Loop). ELITe was officially incorporated in India on …
On July 22, 2024, Titagarh Rail Systems Limited (TRSL) began exporting traction converters. The first shipment of 8 converters was sent to Titagarh Firema S.p.A in Italy on July 19, 2024. This export is part of a EUR 7.18 million (approximately ₹65 crore) order from Titagarh Firema. It marks the first time traction converters have …
Axis Bank Limited, previously known as UTI Bank, is a major Indian multinational bank and financial services provider which ranks as the third-largest private sector bank in India by assets and the fourth-largest by market capitalization. Market Expectations Axis Bank is anticipated to report strong growth in its Q1FY25 results, along with a rise in …
Hindustan Unilever (HUL), India’s largest consumer goods company, reported a 2.7% y-o-y increase in standalone net profit for Q1FY25, reaching Rs.2,538 crore. This figure aligns with street estimates, which had forecasted a profit of Rs.2,561 crore. Revenue, encompassing product sales and other operating income, rose 1.3% y-o-y to Rs.15,339 crore, meeting analysts’ expectations of Rs.15,325 …
In the latest Union budget, Finance Minister Nirmala Sitharaman announced a hike in the basic customs duty on imported printed circuit board applications (PCBAs) for specific telecom equipment. This decision is part of a broader strategy to encourage domestic manufacturing and reduce reliance on imports. However, this change will have mixed impacts on various stakeholders …
