In an unprecedented turn of events, the P/E ratio of Pacheli Industrial Finance Limited (PIFL) climbed to astronomical levels of over 4,00,000. This occurred as the company’s stock price surged from ₹21.02 in December 2024 to ₹78.2 by mid-January 2025, representing a meteoric rise of over 100%. The sharp rally captured market attention but also …
Lemon Tree Hotels Limited, a prominent name in India’s hospitality sector, has announced its latest addition to its portfolio — the Lemon Tree Hotel in Valsad, Gujarat. This strategic expansion underlines the company’s commitment to increasing its footprint in key regions across the country. Lemon Tree Hotel, Valsad: A Promising Addition The newly signed property …
TVS Motor Company, a globally recognised leader in the 2 and 3-wheeler segment, has officially entered the Moroccan market. This strategic expansion strengthens TVS’s presence in Africa, leveraging its reputation for innovation, engineering, and quality. Partnership with Hindi Motors In collaboration with Hindi Motors, a seasoned distributor under the MotorSports Maroc banner, TVS is set …
In a significant development, Bajaj Healthcare Limited (BHL) has announced securing exclusive rights for the manufacturing, distribution, and sale of Magnesium L Threonate (Magtein®) in India. The rights were granted by Threotech LLC, a prominent international firm, further strengthening BHL’s foothold in the pharmaceutical industry. Strategic Collaboration with Threotech LLC Bajaj Healthcare’s collaboration with Threotech …
In a significant step towards strengthening India’s defence capabilities and advancing the vision of ‘Atmanirbhar Bharat’ and ‘Make in India,’ the Steel Authority of India Limited (SAIL) has supplied the entire 4,000 tonnes of special steel for INS Nilgiri. This indigenous warship was commissioned by the Hon’ble Prime Minister Shri Narendra Modi on 15 January …
Meson Valves India Limited, a key player in the specialised valve manufacturing sector, has reaffirmed its commitment to advancing India’s maritime capabilities. Through its contributions to pivotal naval projects, the company exemplifies the objectives of the ‘Make in India’ and Aatmanirbharta (self-reliance) initiatives in defence manufacturing. Prime Minister’s Vision for Naval Expansion Prime Minister Narendra …
In a significant development, the Indian Renewable Energy Development Agency (IREDA) has formalised its participation in the Upper Karnali Hydro-Electric Power Project in Nepal. This move is part of its broader commitment to fostering renewable energy initiatives. As of 9:22 AM on January 17, 2025, shares of the Indian Renewable Energy Development Agency (IREDA) are …
Spencers Retail, part of the RP Sanjiv Goenka (RPSG) Group, has officially stepped into the quick commerce (q-commerce) sector with its new platform, JIFFY. Starting in Kolkata, the company aims to leverage its existing store network to fulfil orders within 20-30 minutes. By the end of the current quarter, operations will expand to Uttar Pradesh, …
Concord Biotech Limited, a leading biotechnology firm headquartered in Gujarat, has recently made significant strides towards sustainability by investing in renewable energy. On 16th January 2025, the company announced its acquisition of a 26% equity stake in Clean Max Everglades Private Limited. This move, in line with its commitment to environmental responsibility, highlights Concord Biotech’s …
The Indian government has announced the appointment of Ashok Chandra, Executive Director at Canara Bank, as the new Managing Director (MD) and Chief Executive Officer (CEO) of Punjab National Bank (PNB). This decision highlights the Centre’s focus on strengthening public sector banks as key drivers of economic growth. Appointment Details Ashok Chandra’s appointment, approved by …
