Anant Raj Ltd has entered into an agreement with CSC Data Services India Ltd (CDSIL), a subsidiary of CSC E-Governance Services India Ltd. The partnership focuses on providing rack rental (co-location data centres) and cloud services to government departments and private organisations. Details of the Agreement Under this agreement, Anant Raj Cloud Pvt. Ltd (ARC), …
Tech Mahindra Limited has announced the approval of a merger between its two wholly-owned subsidiaries, Tech Mahindra Cerium Systems Inc. (TMCS) and Tech Mahindra (Americas) Inc. (TMA). Details of the Merger The Board of Directors of both companies approved the Plan of Merger on February 17, 2025. The merger is subject to regulatory approvals in …
Shares of Uno Minda rose 2% to ₹909 in early trade on February 18, reversing a three-day losing streak. The increase followed the company’s announcement of a joint venture with Suzhou Inovance Automotive Co. Ltd and its subsidiary, Inovance Automotive (HK) Investment Co. Ltd. The stock had declined over 8% in the past week and …
Krishna Institute of Medical Sciences Ltd (KIMS) has entered into an operations and management agreement with Ushahkal Abhinav Institute of Medical Sciences (UAIMS) Hospital in Sangli, Maharashtra. The agreement is for an initial period of seven years, with an option to extend it by another three years. KIMS will handle the hospital’s management and service …
Biocon Biologics Ltd (BBL), a part of Biocon Ltd, has received marketing approval from the European Commission (EC) for its Ustekinumab biosimilar, YESINTEK. in Europe. This approval enables Biocon to distribute the drug across the European Union (EU), offering an alternative treatment for various inflammatory diseases. YESINTEK: A New Treatment Option YESINTEK is a medicine …
Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) has strengthened its presence in the Australian mining solutions market. On 17 February 2025, its wholly-owned subsidiary, Deepak Mining Solutions Ltd (DMSL), increased its stake in Platinum Blasting Services Pty Ltd from 65% to 85%. Strategic Investment for Expansion The transaction, valued at AUD 11.78 million (₹64.1 crore), …
LMEL, a prominent player in the metals and energy sector, has completed a major acquisition by securing a substantial stake in TEIL. This action supports LMEL’s strategic goals for development and broader market reach. Acquisition Approval Lloyds Metals and Energy Limited (LMEL) has decided to acquire a majority stake in Thriveni Earthmovers and Infra Private …
DCX Systems Limited has recently announced the receipt of multiple domestic and export purchase orders, cumulatively valued at approximately ₹24.51 crores. These orders are part of the company’s routine business operations and signify its growing presence in the defence and aerospace sectors. Significant Contracts from Defence Giants The latest orders highlight DCX Systems’ strong business …
A wholly-owned defence subsidiary of Bharat Forge, Kalyani Strategic Systems Limited (KSSL), has unveiled its latest innovation, the MArG 155mm/45 Cal Mounted Gun System at IDEX 2025, held in Abu Dhabi. This launch marks a significant step in advancing artillery technology, reinforcing India’s commitment to self-reliance in defence manufacturing. A Technological Milestone in Mobile Artillery …
Gujarat Toolroom’s share price traded at ₹2.24 at 10:23 AM on February 18, 2025, up from the previous close of ₹2.04. The stock opened at ₹2.24 and peaked at the same level, while the low for the day was ₹2.20. The Volume-Weighted Average Price (VWAP) stood at ₹2.23. Over the past year, Gujarat Toolroom’s stock has …
