Board Approves Fundraising Initiative In a significant move, Zee Entertainment Enterprises Limited (ZEEL) announced that its Board of Directors has given in-principal approval for raising funds up to Rs 2000 crores. The fundraising will be through the issuance of equity shares and/or other eligible securities, potentially including convertible or non-convertible instruments. This capital raising will …
On June 6, 2024, TVS Srichakra Limited announced in an exchange filing that they launched new Steel-Belted Agro-Industrial Radial Tyres at The Tire Cologne 2024, one of the world’s foremost trade fairs for the tyre industry. The leading tyre manufacturer showcased its top products at Hall 6.1 Booth: C050–C054 during the three-day Cologne event in …
On June 5, 2024, Bajaj Holdings & Investment Limited (BHIL) finalised deals to acquire stakes in Reliance Industries Limited and Tata Consumer Products Limited, marking a noteworthy move in its investment strategy. The initial acquisition involves BHIL securing a small percentage (0.0022%) of shares in Reliance Industries Limited, a prominent player in India’s corporate landscape. …
The Indian Energy Exchange (IEX) reported a notable increase in its trading volume for May 2024. The total volume surged to 10,633 million units (MU), representing a substantial y-o-y growth of 28.9%. This rise highlights IEX’s pivotal role in the Indian energy market, showcasing its growing influence and the increasing reliance on its platform for …
On June 5, 2024, Hindustan Zinc, a prominent figure in integrated zinc-lead-silver production, marked notable achievements in reducing its carbon footprint. It has achieved a 14% reduction in greenhouse gas emission intensity compared to the baseline year 2020. Hindustan Zinc is recognised as the foremost sustainable company in the metals and mining sector. According to …
On June 5, 2024, Heritage Foods marked its 33rd Foundation Day by introducing a fresh lineup of products. Among these launches were the Truly Good Pure Ghee Laddus, a delightful addition to their offerings. Additionally, they unveiled an enticing range of ice cream tailored for kids. Available in Banana, Strawberry, Cotton Candy, and Bubblegum flavours, …
On June 5, 2024, Century Textiles and Industries Limited (CTIL) announced that its subsidiary Birla Estates Pvt. Ltd. entered into a joint venture with Barmalt India Pvt. Ltd. for a luxury residential group housing development initiative in Sector 31, Gurugram. Birla Estates Private Limited: It is a wholly-owned subsidiary of Century Textiles and Industries Limited …
On June 6, 2024, Persistent Systems Limited announced in a stock exchange filing the launch of GenAI Hub. GenAI Hub is an innovative platform developed to drive up the creation and deployment of Generative AI (GenAI) applications within enterprises. This platform easily integrates with an organisation’s existing infrastructure, data, and applications promoting the rapid development …
Rail Vikas Nigam Limited (RVNL) has secured a major contract from Eastern Railway valued at Rs.391 crore. This significant project involves the construction of the Sitarampur bypass line in the Asansol Division with a specific completion timeline of 24 months. RVNL’s Core Operations RVNL specializes in executing a wide range of railway projects, including new …
Orchid Pharma, a leading pharmaceutical company, has secured a major milestone with the approval of its innovative antibiotic by the Drugs Controller General of India (DCGI). This approval paves the way for the manufacturing and marketing of Enmetazobactam, a New Chemical Entity Active Pharmaceutical Ingredient (API) discovered and developed entirely within India. About Enmetazobactam The …
