Varun Beverages (NSE: VBL) announced an investment of ₹4,128.04 million in The Beverage Company (Bevco), South Africa, subscribing to approximately 1.98 lakh shares to support debt repayment and growth, the company said in a press release on the stock exchanges. Investment Details and Strategic Purpose This move aims to support Bevco in repaying existing debt …
Western Carriers (India) Limited (WCIL) has announced the receipt of a significant work order from Vedanta Limited. The contract, valued at approximately ₹139 crore, covers material handling operations for imports, finished goods (FG) domestics, and exports at Vedanta’s JSG Plant. Scope and Duration of the Agreement The contract spans a duration of 4-year and involves …
JK Lakshmi Cement Limited has received ‘No Objection’ letters from both the BSE and NSE regarding its proposed Composite Scheme of Amalgamation and Arrangement. This involves the merger of Udaipur Cement Works Ltd. (UCWL), Hansdeep Industries & Trading Company Ltd. (HITCL), and Hidrive Developers and Industries Private Limited (HDIPL). Approval Highlights Regulatory Clearance: Both exchanges …
V-Mart Retail Limited reported a 16% year-on-year (YoY) revenue growth in Q3FY25, achieving total revenue of ₹1,027 crore, up from ₹889 crore in Q3FY24. For the nine months ending December 2024, revenue rose 17% to ₹2,473 crore from ₹2,117 crore in the same period last year. Same-store sales growth (SSSG) stood at 10%, with Unlimited, …
The share price of V2 Retail Limited hit the 5% upper circuit as of 10:30 AM on January 3, 2024, following the announcement of impressive Q3 FY25 results. The company showcased strong financial growth and operational performance, reflecting robust consumer demand. Robust Financial Growth V2 Retail reported ₹591.03 crore in standalone revenue for Q3 FY25, …
Brigade Enterprises Limited has announced the acquisition of a 51% stake in M/s. Ananthay Properties Private Limited. This move aims to expand the company’s real estate development portfolio. Details of the Acquisition The acquisition was executed through its subsidiaries—M/s. Mysore Projects Private Limited and M/s. Brigade Tetrarch Private Limited. Collectively, they acquired equity shares amounting …
Divi’s Laboratories Limited is an Indian multinational pharmaceutical company and producer of active pharmaceutical ingredients and intermediates, headquartered in Hyderabad. The company manufactures and custom synthesises generic APIs and intermediates. In a significant move, Divi’s Laboratories has announced the commencement of commercial operations at its new manufacturing facility in Kakinada, Andhra Pradesh. This milestone marks …
Avenue Supermarts Limited (DMart) reported its updates for the third quarter (Q3) of FY 2024-25. On January 3, 2025, DMart share price opened at ₹3,840.00, up from its previous close of ₹3,611.10. At 9:47 AM, the share price of DMart was trading at ₹4,134.65, up by 14.50% on the NSE. Standalone Revenue from Operations It reported …
JTL Industries Limited has shared an update on its performance for the third quarter of FY25. The company recorded its highest-ever nine-month (9M) sales volume of 2,97,082 MT, reflecting a 14.3% year-on-year growth. Business Sales Update For Q3 FY25, JTL Industries reported a total sales volume of 97,488 MT, which includes contributions from Nabha Steel. …
Infrastructure development is essential to achieving India’s goal of becoming a $5 trillion economy by 2025. To boost the sector’s growth, the government has introduced the National Infrastructure Pipeline (NIP), along with initiatives like ‘Make in India’ and the Production-Linked Incentive (PLI) scheme. Over 80% of infrastructure spending has historically been directed towards transportation, electricity, …
