The stock of Mahindra and Mahindra, The Automobile Company located in Mumbai has reached its new 52-week high of Rs.2204 by jumping over 2% in the morning session after the company announced that its overall sales have jumped by 13% at 70,471 vehicles in April, The stock has rallied around 50% in the past 6 …
A Rapid Ascent IndiGo Airlines, owned by InterGlobe Aviation, launched its commercial operations in 2006 as a private company and went public in 2015. Following a low-cost carrier (LCC) business model, IndiGo has swiftly ascended to become the largest airline in India, boasting over 60% of the domestic market share. As of December 2023, it …
The iconic Godrej group, a name synonymous with a diverse range of industries from soaps to real estate, has undergone a significant restructuring. On Tuesday, a filing announced the realignment of the group’s shareholdings into two separate entities: Godrej Enterprises and Godrej Industries. This realignment is aimed at addressing differing family visions and fostering strategic …
On May 2, 2024, Tata Communications announced in an exchange filing that the company adopts a Sustainability-Linked Loan (SLL) framework to align all future long-term debt financing with its environmental commitments. The initiative, a first of its kind in the sector in India, highlights the company’s unwavering dedication to responsible business practices and sustainability leadership. …
On May 2, 2024, L&T Technology Services (LTTS) informed the stock exchanges that the company had signed a strategic partnership with FORVIA. The partnership represents an approximately €45 million contract for Engineering development activities for the benefit of its Clean Mobility division. As part of this five-year partnership, approximately 300 engineers from FORVIA’s Augsburg (Germany) …
On May 1, 2024, Filatex India Limited informed the stock exchanges that the company had acquired existing shares of Texfil Private Limited. The textile manufacturer, Filatex India Limited, has acquired all existing 2,000 Equity Shares of ₹10 each at a face value of ₹10 each from Mr Madhu Sudhan Bhageria and Mr Purrshottam Bhaggeria, Promoter …
On May 1, 2024, Bharti Airtel informed the stock exchanges that Airtel Xstream Play has partnered with Sun NXT, a leading video streaming platform owned and operated by Sun TV Network Limited. The company stated that Airtel Xstream Play customers can now avail themselves of Sun NXT’s more than 50,000 hours of content, which includes …
On May 1, 2024, Jindal Stainless announced major expansion and acquisition plans to increase its melting and downstream capacities and become one of the largest stainless steel producers globally. The company also revealed a three-pronged investment strategy worth nearly ₹5,400 crore to achieve global leadership in stainless steel. The company stated that it entered into …
Denodo and Sonata Information Technology India Limited (SITL) have partnered to offer Indian companies advanced logical data fabric and data mesh capabilities. As part of the collaboration, customers will have seamless access to cutting-edge solutions, enabling them to unlock greater value from their distributed data sets, streamline operations, and improve decision-making. Denodo’s logical data management …
On May 1, 2024, Ester Industries Limited informed the stock exchanges that it had entered into a joint venture agreement with Loop Industries Inc. The agreement was to incorporate a joint venture company in India to manufacture Dimethyl Terephthalate (DMT) and/or Mono Ethylene Glycol (MEG) by depolymerising Polyethylene Terephthalate (PET) and/or Polyester waste utilising patented …
