AVG Logistics Ltd has announced that it has been awarded the tender to serve as the authorised partner for Express parcel services by the Uttar Pradesh State Road Transport Corporation (UPSRTC). This significant achievement underscores AVG’s commitment to excellence and its expanding role in the Express Parcel delivery segment. The awarding of this tender marks …
Jio Financial Services, the financial services arm of Reliance Industries Ltd (RIL), has received approval from the Reserve Bank of India (RBI) to convert into a Core Investment Company (CIC), as announced in a stock exchange filing. This move marks a significant shift in the company’s structure and operational model. From Demerger to CIC: Streamlining …
Dabur India, a leading FMCG player, is making significant strides in the digital space. According to their annual report, the company’s digital-first brands, launched exclusively online, achieved a collective turnover of over ₹100 crore in FY24. This highlights Dabur’s strategic shift towards capitalising on the burgeoning online market. New Product Launches and Category Expansion Dabur …
Brigade Enterprises Limited announced through a stock exchange filing the launch of a new residential tower, Cobalt, within its sprawling 50-acre township, Brigade El Dorado, located in the KIADB Aerospace Park, Bengaluru. The entire project spans approximately 6.1 million square feet and includes residential, shopping, wellness, and entertainment facilities. The new tower features 948 one-bedroom …
EPL Limited announced via a stock exchange filing that it had signed a Share Purchase Agreement (SPA) with Clean Max Enviro Energy Solutions Private Limited (Clean Max) and Clean Max Aria Private Limited (CMAPL). This investment aims to develop a captive power generation facility for the Company under the Group Captive Power policy. The acquisition …
On July 11, 2024, Anand Rathi Wealth Limited announced a consolidated net profit of ₹73 crore for the first quarter of FY25 (April – June 2024). This marks a 38% increase from last year’s period (Q1 FY24). The total revenue for the quarter was ₹245 crore, also up by 38% compared to Q1 FY24. Consolidated …
On July 11, 2024, LTIMindtree, a global technology consulting firm, introduced Canvas.ai, their advanced AI platform, on the Snowflake AI Data Cloud. This integration boosts LTIMindtree’s AI capabilities, offering clients more flexibility and faster development. Canvas.ai combines customisable features and a user-friendly interface with Snowflake’s powerful tools, enabling businesses to enhance their applications quickly. The …
On July 11, 2024, Lakshmi Machine Works Ltd announced via a stock exchange filing that it had incorporated a wholly owned subsidiary company, LMW Holding Limited, on July 10, 2024. Incorporating this wholly-owned subsidiary does not fall under related party transactions. However, as a wholly owned subsidiary, it is considered a related party of the …
On July 11, 2024, Hindustan Zinc, India’s largest and the world’s second-largest integrated zinc producer, began the first phase of integrating renewable energy from Serentica Renewables. This energy will power Hindustan Zinc’s operations in Rajasthan. Recognised as the world’s most sustainable metals and mining company by S&P Global Corporate Sustainability Assessment 2023, this move is …
Sterlite Technologies Ltd (STL), on Friday witnessed a significant surge in its stock price, climbing approximately 6% and trading close to its 52-week high. This upward momentum in the stock price has been accompanied by the highest single-day trading volume in over two months. Demerger Approval Spurs Investor Confidence The recent stock performance is largely …
