On June 24, 2024, Sun Pharmaceutical Industries Limited announced the successful completion of the merger of Taro Pharmaceutical Industries Ltd (Taro) with its subsidiary. Sun Pharma, which has been the majority shareholder of Taro since 2010, acquired all outstanding ordinary shares of Taro that are not already owned by itself or its affiliates. Following the …
On June 24, 2024, Delta Corp Limited announced via a stock exchange filing that it had acquired 11.76% of the equity share capital in Harborpeak Real Estate Private Limited (HREPL) as part of its strategic partnership in the real estate sector. This acquisition aligns with Delta Corp’s previously disclosed plan, dated May 8, 2024, to …
Recently, the Insurance Regulatory and Development Authority of India (IRDAI) changed a number of regulations to improve policyholders’ experiences, smoother claims processes, and ensure broader coverage. These changes are set to benefit a big chunk of policyholders, with specific improvements affecting health insurance claims, waiting periods for pre-existing conditions, and coverage for alternative treatments. In …
ixigo (Le Travenues Technology Limited), India’s leading online travel aggregator (OTA) announced a significant expansion of its partnership with PhonePe, India’s leading digital payments platform. This enhanced collaboration brings a wider range of travel booking options to PhonePe’s massive user base. The ixigo-PhonePe partnership focused on train bookings. Now, PhonePe users can seamlessly access, and …
On June 24, 2024, Swan Energy Ltd (SEL) announced via a stock exchange filing that its Board of Directors, in a meeting held on the same day, approved the acquisition of 26,21,50,000 equity shares of ₹10 each in Triumph Offshore Private Limited (TOPL) from Indian Farmers Fertiliser Cooperative Limited (IFFCO). This acquisition, executed through a …
Borosil Ltd, a leading manufacturer of laboratory glassware and consumer kitchenware, announced a significant step towards bolstering its financial resources today. The company’s board of directors approved the launch of a Qualified Institution Placement (QIP) to raise up to ₹250 crore. QIP Launch and Pricing The board meeting on June 24, 2024, saw critical decisions …
NIIT Learning Systems Limited [NIIT Managed Training Services (NIIT MTS)], a global leader in managed learning services, has secured a coveted spot on Training Industry, Inc.’s 2024 Top 20 Companies in the Learning Services list. This prestigious recognition marks NIIT MTS’s sixteenth consecutive year on this distinguished roster of leading corporate learning and development (L&D) …
Kalpataru Projects International Limited (KPIL), a leading Indian engineering and construction company, announced today that it has secured a significant volume of new orders valued at ₹2,333 crore. This achievement reinforces KPIL’s position as a prominent player in the domestic and international construction sector. Diversified Order Book The new orders encompass a variety of project …
On June 24, 2024, Subex, a top global supplier of AI-powered solutions to the telecom sector, announced that it had been included in the Gartner Magic Quadrant for AI in the CSP Customer and Business Operations report for 2024. According to the firm, Subex has reached a major milestone in demonstrating its dedication to providing …
AU Small Finance Bank Limited is an Indian scheduled commercial small finance bank and India’s largest tech-led small finance bank, based in Jaipur. It was founded as a vehicle finance company and NBFC, AU Financiers (India) Ltd in 1996 and converted into a full-fledged small finance bank on 19 April 2017. The Bank is engaged …
