On June 12, 2024, Atul Auto Limited established a new subsidiary, Atulease Private Limited. The company has an initial investment of ₹10 lakh in share capital, with further funds to be injected per business requirements. Mr Vijay Kedia, a Non-Executive Director of Atul Auto Limited, has subscribed to 20,000 equity shares of Atulease Private Limited …
Axis Bank is fined a total amount of Rs. 1,66,25,000 by the Financial Intelligence Unit (FIU) on a case that dates back to 2021. The fine was imposed on the bank due to its failure to place a mechanism for detecting and reporting suspicious transactions. The order issued by the agency also highlighted the failure …
Shriram Finance Ltd., a leading non-banking financial company (NBFC) in India, achieved a significant milestone by surpassing Rs 1 lakh crore in market capitalisation. The company’s stock soared to an all-time high of Rs 2,695.60, marking a 4.59% increase in a single trading session. Since its inclusion in the Nifty 50 on March 28, 2024, …
On June 13, 2024, MosChip Technologies Limited, a leading semiconductor and software design solutions company based in Hyderabad, announced that the Ministry of Electronics and Information Technology (MeitY) had approved its application for the Design Linked Incentive (DLI) scheme. This scheme supports the development of an intelligent energy meter IC for both Indian and overseas …
The water sector has been gaining significant attention from investors due to increasing global water scarcity and the urgent need for sustainable water management solutions. Companies operating in this sector are involved in various segments, such as water infrastructure, treatment, equipment, and pumps. Name Current Price (Rs) Market Cap (Rs crore) OPM YOY Sales growth …
During Thursday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. DRC Systems India Ltd DRC Systems India Ltd is experiencing a significant uptrend with a high of Rs 26.11. The stock is currently trading at Rs 26.11, up from the previous close of …
On June 13, 2024, Aurionpro Payment Solutions Private Limited, a subsidiary of Aurionpro, received official approval from the Reserve Bank of India to operate as an Online Payment Aggregator under the Payments Settlements Act, 2007, through its AuroPay brand. This achievement marks a significant milestone for Aurionpro, which has been known for over 25 years …
About IRDAI’s reform HDFC Life has expressed strong support for the Insurance Regulatory and Development Authority of India’s (IRDAI) recent reforms outlined in the Master Circular on Life Insurance Products. The company believes these measures will significantly improve the life insurance landscape in India, making it more accessible and beneficial for policyholders. While acknowledging a …
Exide Industries Limited (Exide), a leading manufacturer of storage batteries, announced a significant investment in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), on June 12, 2024. This strategic move underscores Exide’s commitment to the growing electric vehicle (EV) market in India. Equity Injection for Growth Exide invested ₹74,99,99,988 through a rights issue, a method …
On June 13, 2024, H.G. Solar Projects Private Limited, a wholly-owned subsidiary of H.G. Infra Engineering Limited, established a wholly-owned subsidiary called H.G. Sanchore Solar Project Private Limited. The target entity is H.G. Sanchore Solar Project Private Limited. As the company has not yet commenced business operations, its turnover is unavailable. The acquisition might be …
