Increased Focus on Maritime Security Defence Minister Rajnath Singh, during his visit to the Eastern Naval Command in Visakhapatnam, emphasized India’s focus on bolstering maritime security and enhancing the Navy’s presence in the Indian Ocean Region. This visit highlighted the Indian Navy’s growing strength, driven by expanding shipyards and an increase in aircraft carriers, which …
On June 27, 2024, Route Mobile Ltd informed in a stock exchange filing that Proximus, the holding company of Proximus Opal S.A./ N.V. (Opal), the holding company of Route Mobile Limited, had formally signed a 5-year strategic partnership with Microsoft. This partnership aims to bolster their digital leadership and accelerate innovative offerings for business and …
In a development concerning insider trading allegations, Infosys, India’s second-largest IT services exporter, has reached a settlement with the Securities and Exchange Board of India (SEBI). Details of the Settlement Infosys CEO Salil Parekh has agreed to pay a penalty of ₹25 lakh for failing to implement adequate controls to prevent insider trading within the …
On June 26, 2024, UPL Limited announced through a stock exchange filing that it had received a certificate of incorporation for its new wholly-owned subsidiary, UPL Agri Mauritius Limited. The acquisition of UPL Agri Mauritius Limited falls within related party transactions, as it is a wholly-owned subsidiary of UPL Limited and thus becomes a related …
On June 26, 2024, BLS International FZE, a wholly-owned subsidiary of BLS International Services Limited, incorporated a new overseas wholly-owned subsidiary named BLS International Holding Anonim Şirketi under the Turkish Commercial Code. The newly formed overseas wholly-owned subsidiary, BLS International Holding Anonim Şirketi, has a substantial share capital of 700 million Turkish Liras. This figure …
On June 26, 2024, JSW Neo Energy Limited, a subsidiary of JSW Energy Limited, announced new power purchase agreements (PPAs) for wind and solar projects with a total capacity of 1,325 MW. This includes 1,025 MW with the Solar Energy Corporation of India Limited (SECI) and 300 MW with Gujarat Urja Vikas Nigam Limited (GUVNL). …
On June 26, 2024, Diamond Power Infrastructure Limited announced to the stock exchanges that it had successfully incorporated its wholly-owned subsidiary, DICABS Nextgen Special Alloys Private Limited. The Registrar of Companies, Ministry of Corporate Affairs, Govt. of India, issued the Certificate of Incorporation for this subsidiary on June 26, 2024. The acquisition of DICABS Nextgen …
Baba Ramdev and Acharya Balkrishna, both directors of Divya Pharmacy, have been issued summons by a judicial magistrate court in Kozhikode regarding the advertisement of their products. Patanjali Foods Ltd. disclosed in a filing that the Court of Judicial First-Class Magistrate, Kozhikode, has ordered Ramdev and Balkrishna to appear in person or through counsel on …
Whirlpool of India Ltd’s shares experienced a significant uptick to reach around Rs.2100, nearly its 52-week high today. Later on, the stock settled by an 8.77% rise to Rs.1,998.05 on the BSE and by 8.72% to Rs.1,997.20 on the NSE. This surge comes in the wake of a report suggesting that German engineering giant Robert …
On June 27, 2024, Bharti Airtel Limited informed in the stock exchange filing that Nxtra by Airtel, a leading data centre company in India, has joined the RE100 initiative. This global initiative, led by Climate Group in collaboration with CDP, aims to achieve 100% renewable electricity sourcing. Nxtra is now the sole data centre organisation …
