India’s state-owned Power Grid Corporation (PGC), the national electricity transmission utility, has taken a strategic step to support its ambitious expansion plans. The company’s board of directors recently approved a significant increase in its borrowing limit for the upcoming financial years. Increased Borrowing Capacity for Growth During a meeting held on July 10th, 2024, the …
On July 10, 2024, Oriental Rail Infrastructure Limited announced in a stock exchange filing a major development with the securing of orders valued at ₹19,33,83,382.04 from Rail Coach Factory (RCF), Kapurthala, a coach manufacturing unit of Indian Railways. The orders encompass the manufacturing and supply of various components essential for railway coaches. The scope of …
Keystone Realtors Limited, known as Rustomjee informed in a stock exchange filing that the company has embarked on a significant expansion into plotted development by acquiring an expansive 88-acre land parcel in Kasara. The company stated that situated amidst the picturesque backdrop of mountains, this lush green landmark is Rustomjee’s strategic move to meet the …
UltraTech Cement Limited announced in a stock exchange filing that its wholly-owned subsidiary, UltraTech Cement Middle East Investments Limited (UCMEIL), has acquired additional shares in ‘Ras Al Khaimah Co. for White Cement and Construction Materials PSC’ (RAKWCT). The company added that the process initially communicated in letters dated May 27, 2024, and June 25, 2024, …
Satin Creditcare Network Limited (SCNL) announced in a stock exchange filing that it has successfully raised 15 million Euros in External Commercial Borrowing (ECB). The funding was secured from OeEB – Oesterreichische Entwicklungsbank AG – the Development Bank of Austria. This ECB has a tenure of five years, during which the funds will be strategically …
On July 10, 2024, Zydus Lifesciences Limited announced that the company received final approval from the United States Food and Drug Administration (USFDA) to market Sacubitril and Valsartan Tablets, available in dosages of 24 mg/26 mg, 49 mg/51 mg, and 97 mg/103 mg (branded as Entresto® tablets in the US). This combination medication is prescribed …
On July 10, 2024, the Indian Railway Catering and Tourism Corporation (IRCTC), Delhi Metro Rail Corporation (DMRC), and the Centre For Railway Information Systems (CRIS) launched a pioneering initiative in Delhi NCR. This initiative, part of the Government of India’s “One India—One Ticket” campaign, introduces a QR code-based ticketing system for seamless travel between mainline …
Kumar Mangalam Birla’s UltraTech and the BK Birla group’s Kesoram revealed an all-stock deal on November 30th last year. As a result, the B.K. Birla Company became the biggest cement manufacturer in India after demerging its cement division. The deal was seen as a strategic move by both companies, with Kesoram looking to streamline its …
Tata Consultancy Services (TCS), India’s largest IT services company, is set to announce its Q1 earnings for FY25 today. Analysts polled on different media channels anticipate an increase in revenue but expect a decline in profit and margins. Projected Revenue Analysts predict TCS will see q-o-q revenue growth of 1.5%, reaching Rs.62,170 crore compared to …
In a significant move, ICICI Prudential Mutual Fund acquired 1.5 crore shares of Nykaa on Wednesday, purchasing them at an average price of Rs 174.04 per share. This acquisition, valued at Rs 256 crore, was conducted through block deals on the NSE, with the shares being bought from the Canada Pension Plan Investment Board. As …
