On June 05, 2024, the Ministry of Defence (MoD) took a significant step towards enhancing accessibility for defence pensioners by signing Memoranda of Understanding (MoUs) with 4 leading banks. This strategic collaboration expands the reach of the SPARSH (System for Pension Administration Raksha) initiative by onboarding the Bank of India, Canara Bank, Central Bank of …
Torrent Pharmaceuticals Limited (Torrent), a leading player in the Indian pharmaceutical industry, announced a strategic move to match the growing burden of Gastroesophageal Reflux Disease (GERD) in the country. Torrent Pharmaceuticals has entered into a non-exclusive patent licensing agreement with Takeda Pharmaceuticals to commercialise Vonoprazan, a novel potassium-competitive acid blocker (P-CAB), in India. Torrent will …
Intellect Global Consumer Banking (iGCB), a leading provider of consumer banking unit of Intellect Design Arena Limited, unveiled its groundbreaking eMACH.ai Digital Engagement Platform (eMACH.ai DEP) at Money20/20 in Amsterdam. This innovative platform promises to revolutionise how banks in the region interact with their customers. eMACH.ai DEP goes beyond traditional engagement tools. It leverages AI …
The Indian Energy Exchange (IEX), India’s leading power-trading platform, announced impressive results for the month of May 2024. The exchange witnessed a surge in overall volume, reaching 10,633 Million Units (MU), reflecting a year-over-year (YoY) increase of 28.9%. Key Highlights Electricity Trading: Electricity volumes reached 9,568 MU in May 2024, representing a substantial 21% growth …
On June 5, 2024, Century Textiles & Industries Limited announced that it has partnered with Barmalt India Pvt Ltd to develop a group of luxury residential homes in Sector 31 of Gurugram through its wholly-owned subsidiary Birla Estates Pvt Ltd, the Aditya Birla Group’s real estate venture. The 13.27-acre land tract has approximately 2.4 million …
Uno Minda Limited (formerly Minda Industries Limited), a leading Tier-1 automotive supplier, has announced a significant step towards strengthening its position in the growing Indian electric vehicle (EV) market. The company has entered into a Technical License Agreement (TLA) with Suzhou lnovance Automotive Co., Ltd (lnovance Automotive) of China. Expanding E-Mobility Portfolio The said strategic …
Adani Power has announced that Mirzapur Thermal Energy U.P. Private Limited (MTEUPL) has become its subsidiary following a preferential allotment of shares. Adani Power has been allotted 50,00,000 equity shares of Mirzapur Thermal Energy U.P. Private Limited, each valued at ₹10, resulting in Adani Power acquiring a 99.8% equity stake in MTEUPL. Consequently, Mirzapur Thermal …
The benchmark index S&P BSE 500 opened today at 33,646.87 and made its day high at 33,888.66, and it is trading in green today, up by more than 1.5%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Jupiter Wagons Ltd …
Consumers across India are feeling the pinch at the grocery store as milk prices rise again. Major milk companies like Amul and Mother Dairy announced a ₹2 per litre increase in milk prices starting June 3, 2024. On Sunday, the Gujarat Cooperative Milk Marketing Federation (GCMMF), known for its Amul brand, announced a nationwide increase …
Indian frontline indices continued their upward momentum in today’s trading session, bolstered by strong performances in the power, capital goods, utilities, banking and energy sectors. Broader indices also reflected robust investor sentiment. At 10:45 am, the BSE Sensex gained 1.01% reaching a level of 75,131. The Nifty 50 index added 1.06% to the 22,859 level. …
