The NSE benchmark index Nifty 50 slipped below the mark of 22,900 and was trading down by 0.14% on Tuesday. Most of the sectors were in red with Nifty Realty and Nifty PSU Bank leading at a drop of 2.02% and 1.14%, respectively. Besides this profit booking and weak market breadth, one stock that bucked …
ITC Limited is an Indian conglomerate company, headquartered in Kolkata. It has a presence across six business segments, namely FMCG, hotels, agribusiness, information technology, paper products, and packaging. The conglomerate is planning to demerge its hotel business, the company has set June 6th at 10:30 AM as the date and time for the shareholders meeting …
Intellect Design Arena Ltd announced in an exchange filing the launch of the Canada eMACHai Cloud for Banks and Credit Unions. This wide range of products comprises digital engagement, virtual accounts, liquidity management, and core banking services, including payments and deposits, all integrated with AI. These solutions empower financial institutions to customise digital offerings to …
Keystone Realtors Limited, popularly known by the brand name of Rustomjee is one of the prominent real estate developers. The company is engaged primarily in the business of real estate construction, development, and other related activities in India. The real estate developer has raised Rs.800 crore through the QIP method. Keystone Realtors Raises Rs.800 Crores: …
On May 28, 2024, DroneAcharya Aerial Innovations Ltd informed in a stock exchange filing that it had signed a Memorandum of Understanding (MoU) with Chennai-based Zuppa Geo Navigation Technologies Pvt. Ltd (Zuppa). This agreement specifies DroneAcharya as a channel partner for Zuppa’s drone sales, services, and training across India. Under the strategic partnership, DroneAcharya will …
On May 28, 2024, Bharat Heavy Electricals Limited (BHEL) informed the stock exchanges that the company had entered into a Technology Transfer Agreement (TTA) with Bhabha Atomic Research Centre (BARC). The agreement is for a 50 kW alkaline electrolyser system for Hydrogen production. The company stated that the well-proven technology offered by Bhabha Atomic Research …
On May 28, 2024, Tata Consultancy Services (TCS) announced in an exchange filing that it has entered a strategic partnership with the Indian Institute of Technology, Bombay (IIT-Bombay). The partnership is to develop the first Quantum Diamond Microchip Imager in India. This advanced sensing tool has the potential to unlock new levels of precision in …
Lakshmi Machine Works Limited (LMW) has consented to create a wholly-owned subsidiary in the United Arab Emirates. This new subsidiary will focus on the aerospace industry. They have given initial approval for an investment of up to USD 25 million. Within this limit, the subsidiary’s name and the exact investment amount will be decided later. …
Asian Paints, India’s leading paint company, announced a key move to solidify its presence in the Egyptian market. Asian Paints International Private Limited (APIPL), a wholly-owned Singapore-based subsidiary of Asian Paints, has entered into a Share Purchase Agreement with certain minority shareholders of SCIB Chemicals S.A.E. (SCIB), an Egyptian subsidiary of both APIPL and SCIB. …
Diamond Power Infrastructure Limited, a leading player in the Indian infrastructure sector, announced a strategic expansion move with the incorporation of a wholly-owned subsidiary, DICABS Nextgen Special Alloys Private Limited. This move signifies Diamond Power’s commitment to diversification and growth within the metals and alloys industry. A New Entity for Specialised Manufacturing DICABS Nextgen Special …
