The World Bank has approved a USD 1.5 billion loan to support India’s initiatives in developing and deploying green hydrogen technologies. This significant investment highlights India’s commitment to clean energy and positions the country as a leader in the emerging green hydrogen market. Boosting Green Hydrogen Production and Electrolyzers The loan will specifically target reforms …
On July 4, 2024, Philogen S.p.A. ( and Sun Pharmaceutical Industries Limited announced via a stock exchange filing that the European Medicines Agency (EMA) had accepted their application to approve Nidlegy™. The application was submitted on June 3, and it has now entered the validation phase by the EMA. “The validation of the dossier by …
ABS Marine Services Ltd has commenced a significant contract agreement with Oil & Natural Gas Corporation (ONGC) as of 4th July 2024. The contract, spanning three years, involves the charter hire of an Offshore Supply Vessel, valued at approximately Rs 102 crores, inclusive of GST. This agreement does not involve any related party transactions, ensuring …
On July 4, 2024, EFC (I) Limited announced in a stock exchange filing a significant acquisition through its wholly owned subsidiary, EFC Limited, which has acquired a 51% stake in Bigbox Ventures Private Limited. This acquisition marks Bigbox Ventures as a step-down subsidiary of EFC (I) Limited. Bigbox Ventures, incorporated on August 14, 2018, specialises …
On July 04, 2024, Dalmia Bharat Limited announced via a stock exchange filing that Dalmia Cement (Bharat) Limited, a wholly-owned subsidiary of Dalmia Bharat Limited, commenced commercial production of 1.0 MTPA at a new cement mill within its existing Kadapa, Andhra Pradesh plant, effective July 3, 2024. This expansion brings the company’s total capacity to …
On July 4, 2024, Optiemus Unmanned Systems Private Limited (OUS), a subsidiary of Optiemus Infracom Limited, launched a new range of drones for agricultural and mapping purposes. These drones are powered by components designed and manufactured in India and are showcased at the 5th Drone International Expo at Pragati Maidan, New Delhi. Investment and Revenue …
One 97 Communications Limited (OCL), the parent company of Paytm, India’s leading digital payments and financial services platform, has launched a new initiative, ‘Paytm Health Saathi,’ specifically designed for its merchant partners. ‘Paytm Health Saathi’ is an exclusive health and income protection plan available through the ‘Paytm for Business’ app. Supporting Merchant Wellbeing and Business …
On July 3, 2024, Infosys Ltd announced via a stock exchange filing that its philanthropic and CSR arm, Infosys Foundation, has entered into a Memorandum of Understanding (MoU) with the ICT Academy of Tamil Nadu, a non-profit organisation. The collaboration aims to enhance the employability of young learners in rural India. Under this partnership, the …
On July 3, 2024, Pearson, a leading global learning company, strengthened its partnership with Veranda Race, a well-known test preparation provider. Together, they are launching comprehensive and hybrid test prep content for Bank Probationary Officer (Bank PO) exams in India. Over 3 million students prepare for these exams annually. The new series includes 8 books …
Insurance provider Go Digit General Insurance Limited raised ₹2,614.65 crore via an Initial Public Offering (IPO) that was open from May 15 to May 17, 2024. On Day 3, the Go Digit IPO witnessed a total subscription of 9.60x. The public issue subscribed 4.27x in the retail category, 12.56x in QIB, and 7.24x in the …
