The paper industry, with its rich historical roots, remains one of India’s most promising sectors. The history of paper-making in India stretches back to the early days of handcrafted manuscripts. Today, India’s paper industry generates around 80,000 crore rupees in revenue annually. The country boasts approximately 850 paper mills that collectively produce about 25 …
Shriram Finance, a leading Non-Banking Financial Company (NBFC) in India, is gearing up to secure $1 billion (approximately ₹8,300 crore) in overseas funding over the next six months. This substantial capital infusion will fuel the company’s business expansion and growth initiatives. The NBFC plans to raise $300 million in the coming weeks, possibly by October, …
Granules India Limited, a leading global pharmaceutical company, announced the successful completion of a US Food and Drug Administration (USFDA) inspection at its Gagillapur facility in Hyderabad, Telangana. The comprehensive inspection, conducted from August 26 to September 6, 2024, assessed the facility’s adherence to Current Good Manufacturing Practice (cGMP) standards and Pre-Approval Inspection (PAI) requirements. …
Nazara Technologies Limited announced a significant development with its acquisition of an additional 48.42% equity stake in Paper Boat Apps Private Limited. This acquisition, made on September 6, 2024, was pursuant to the Share Purchase Agreement (SPA) signed on July 19, 2024, between Nazara, Paper Boat Apps, and its founding shareholders, Mr. Anupam Dhanuka and …
Marico Limited has announced that it has entered into a definitive agreement to acquire the remaining 40% equity stake in Apcos Naturals Private Limited, the company that owns the beauty brand “Just Herbs.” This acquisition follows Marico’s initial strategic investment in Apcos Naturals, where the company had earlier acquired a 60% equity stake. With the …
Amber Enterprises India Limited, a leading manufacturer in the consumer durables and air conditioning space, has informed the stock exchanges about its strategic decision to restructure its business operations. On September 7, 2024, the Reconstruction Committee of the Board of Directors of Amber Enterprises approved the acquisition of its wholly-owned subsidiary, AmberPR Technoplast India Private …
The United Kingdom is the owner of Hindustan Unilever Limited, an Indian fast-moving consumer goods (FMCG) company with headquarters in Mumbai. It belongs to the British business Unilever as a subsidiary. Foods, drinks, cleaning supplies, personal hygiene items, and other quickly consumed consumer goods are among its offerings. HUL is dividing up its worldwide ice …
India-based Wardwizard Innovations & Mobility Limited is a publicly traded manufacturer of electric vehicles. It produces environmentally friendly electric cars and scooters. It works in the manufacturing of electric vehicles in several nations, such as Nepal, Uganda, and India. Wardwizard Innovations Join Venture with KSA: On Friday, September 6, 2024, the company received a letter …
RBM Infracon Limited is a multi-industry company that has completed many projects with a team of highly skilled engineers and technicians. What distinguishes us from the competition is our proficiency with intricate mechanical and rotary apparatus. Our dedication lies in providing top-notch services that cater to the individual requirements of our clients, guaranteeing seamless operations …
Managing Director and CEO of PNB Housing Finance, Girish Kousgi, is planning to raise up to $125 million through External Commercial Borrowing (ECB) in the third quarter of FY25. He mentioned that the company has already taken out part of an approved ECB loan of $125 million and is considering raising another $100 to …
