Seedlings India Private Limited, a wholly-owned subsidiary of Best Agrolife Limited, has secured a significant win with the Central Insecticides Board & Registration Committee (CIB&RC). The regulatory body has granted Seedlings a license for the indigenous manufacture of a powerful new insecticide formulation. This new product, a combination of three active ingredients – Chlorantraniliprole 4.5%, …
IndianOil, a leading integrated energy company in India, has signed a joint venture agreement with GPS Renewables, a prominent biofuels company. This collaboration marks a significant step towards promoting sustainable energy solutions in the country. The 50:50 joint venture will be dedicated to advancing biofuel adoption across India. Focus on Biogas Technology and Reducing Emissions …
On June 19, 2024, Radico Khaitan announced that its luxury brands dominated the 2024 John Barleycorn Awards, a prestigious competition for recognising excellence in the spirits industry. The company’s Rampur Jugalbandi #3 secured the coveted title of Best World Whisky, while Jaisalmer Gold Indian Craft Gin triumphed in the Best Gin category. Both award winners …
On June 19, 2024, Gokaldas Exports Limited (GEX), a major player in the textile industry, struck a strategic deal with BRFL Textiles Private Limited (BTPL) to bolster its vertical integration and fuel future growth. GEX will infuse ₹50 crore into BTPL through Optionally Convertible Debentures (OCDs) in an initial tranche. The agreement allows for further …
On June 19. 2024, Yatra Online Limited has announced a significant expansion in its stake in the adventure tourism sector. The company has acquired the remaining 49% stake in its joint venture, Adventure and Nature Network Private Limited (ANN), making ANN a subsidiary of Yatra Online. This transaction was formalised through a Share Purchase Agreement …
The Indian automobile industry has seen remarkable growth in recent years, bolstered by factors such as improving economic conditions, rising personal incomes, increased availability of semiconductor chips, and a reduction in input costs. Similar to the defence sector, Auto ancillaries has seen substantial growth due to strategic government initiatives and increasing self-reliance, the auto component …
Brigade Enterprises has announced a significant investment of Rs. 150 crore to construct the third tower of the World Trade Center (WTC) in Kochi’s Infopark. This development is set to further strengthen Kochi’s position as a key commercial hub in Kerala and is expected to generate employment opportunities. Project Overview The World Trade Center Kochi, …
On June 19, 2024, the Nifty 50 fell 0.18% and closed at 23,516, and the Sensex was flat at 77,314, reflecting a rise of 0.02%. Top Gainers and Losers On the sectoral front, Nifty Private Bank, Nifty Bank, Nifty Financial Services, and Nifty Nifty Financial Services 25/50 ended in the green. Meanwhile, Nifty Realty, Nifty …
On Wednesday, the market saw a mixed close after hitting record highs intraday. All four frontline indices reached record highs today. Buying in major private banking names helped Nifty Bank achieve a record high. Sensex gained 0.05% to close at 77,337.60, while Nifty declined 0.15% to close at 23,516. In the sectoral landscape, Nifty Bank, …
Hyundai Motor India Ltd, the Indian subsidiary of the South Korean automaker Hyundai, has submitted preliminary documents to the Securities and Exchange Board of India (SEBI) to initiate an initial public offering (IPO). If successful, this Hyundai IPO will be the largest in India’s history, surpassing the significant Rs 21,000 crore share sale by LIC. …
