On May 13, 2024, Shriram Finance Limited (SFL) announced that its Board of Directors had approved the divestment of its housing finance subsidiary, Shriram Housing Finance Limited (SHFL), to Warburg Pincus, a leading global growth investor. Transaction Details Warburg Pincus will buy stakes from each seller via its affiliate, Mango Crest Investment Ltd. The proposed …
DLF is a commercial real estate development company based in Delhi, The company has reported its Q4 FY 2023-24 earnings after market hours today, It has reported a surge in both Revenue and Net profits for this quarter. DLF Q4 Performance DLF has reported a net profit of Rs.920 crores in this quarter against a …
On May 13, 2024, the Nifty 50 rose 0.15% and closed at 22,104, and the Sensex was up 0.22%, closing at 72,776. Top Gainers and Losers On the sectoral front, Nifty Pharma, Nifty Healthcare, Nifty Metal and Nifty Realty ended in the green. Meanwhile, Nifty Auto, Nifty PSU Bank, Nifty Oil and Gas and …
On May 13, 2024, SpiceJet announced in an exchange filing that it had entered Phuket, Thailand’s beautiful island paradise. Starting May 31, 2024, SpiceJet will start daily non-stop flights connecting Delhi and Phuket. The company stated that this new service would complement the airline’s existing operations to Bangkok from Kolkata and Delhi. SpiceJet’s daily non-stop …
On May 13, 2024, Bharti Airtel announced that it had entered into a long-term partnership with Google Cloud to provide cloud solutions to Indian businesses. The strategic partnership will provide cutting-edge cloud solutions from Google Cloud to fast-track cloud adoption and modernisation for Airtel’s customers. Additionally, Airtel aims to offer a range of cloud-managed services …
On May 13, 2024, Hinduja Global Solutions (HGS) informed the stock exchanges about the launch of a wide range of cutting-edge Cybersecurity solutions for the market. The comprehensive suite contains seven essential Cybersecurity solutions designed to offer companies state-of-the-art protection against evolving cyber threats. A main feature of HGS CyberSecurity solutions is that they utilise …
Pure-play water technology player Va Tech WABAG informed the stock exchanges on Monday, May 13, 2024, that the company had received a repeat order of about USD 49 Million from Kathmandu Upatyaka Khanepani Limited (KUKL), funded by Asian Development Bank (ADB). The company stated that the order is to design, build, and operate (DBO) three …
On May 10, 2024, Lemon Tree Hotels informed the exchanges about the latest signing of Keys Select by Lemon Tree Hotels, Bareilly. The property will be franchised by Lemon Tree Hotels Limited and is anticipated to open in FY 2025. Keys Select by Lemon Tree Hotels, Bareilly will have 60 well-appointed rooms, a bar, a …
On May 11, 2024, Zydus Lifesciences Limited informed the stock exchanges that the company had got final approval from the United States Food and Drug Administration (US FDA) to market Dexamethasone Tablets USP, 1 mg. Dexamethasone is used to treat a range of conditions, including arthritis, allergic reactions, skin diseases, blood/hormone disorders, breathing difficulties, bowel …
In a move driven by technological innovation and market expansion, Vedanta Limited, a leading Indian mining company, announced its strategic acquisition of an additional 46.57% stake in AvanStrate Inc. (ASI). This significant step follows approval by Vedanta’s Board of Directors and signifies the company’s commitment to venturing into the high-growth hi-tech manufacturing sector. Strengthening Hi-Tech …
