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Deep Industries Secures ₹62 Crore Drilling Services Contract from Selan Exploration

Deep Industries Secures ₹62 Crore Drilling Services Contract from Selan Exploration

20 December 2024

Deep Industries Limited, a leading provider of oilfield services, has announced receiving a Letter of Award (LoA) from Selan Exploration Technology Limited. The award pertains to the provision of integrated drilling services across Selan-operated blocks, solidifying Deep Industries’ role as a key player in the energy sector. Key Highlights of the Contract Awarding Entity: Selan …

Marico Wins ₹66.77 Crore Excise Duty Dispute Over Coconut Oil Classification

Marico Wins ₹66.77 Crore Excise Duty Dispute Over Coconut Oil Classification

20 December 2024

Marico Ltd, a leading consumer goods company, announced a legal victory after the Supreme Court of India dismissed an appeal filed by the Commissioner of Central Excise (CCE) in a long-standing excise duty dispute. The case revolved around classifying pure coconut oil for tax purposes between 2005 and 2007, a matter under contention since 2009. …

Noida Toll Bridge Share Price Hits 5% Lower Circuit After SC Orders Not to Collect Toll on DND Flyway

Noida Toll Bridge Share Price Hits 5% Lower Circuit After SC Orders Not to Collect Toll on DND Flyway

20 December 2024

The Supreme Court of India has ruled that commuters on the Noida DND Flyway will continue to travel toll-free, dismissing an appeal by the Noida Toll Bridge Corporation Limited (NTBCL). The court upheld a previous order from the Allahabad High Court, which had directed NTBCL to cease toll collection on the Delhi-Noida Direct (DND) flyway. …

Dr Reddy’s Lab Share Price Gained 3.25% Intraday on December 20, 2024

Dr Reddy’s Lab Share Price Gained 3.25% Intraday on December 20, 2024

20 December 2024

On December 20, 2024, Dr Reddy’s Laboratories share price traded 2.50% higher at ₹1,358.70 at 1:01 PM (IST), outperforming the broader market as the BSE Sensex plunged by 687.43 points to 78,530.62. The stock has shown significant movement over the past year, with a 52-week high of ₹1,420.20 on August 21, 2024, and a 52-week low of …

Airtel Partners with Zee5 to Enhance WiFi Entertainment

Airtel Partners with Zee5 to Enhance WiFi Entertainment

20 December 2024

Bharti Airtel Limited has announced a strategic partnership with Zee5, India’s leading OTT platform, to offer an exciting digital content experience to its WiFi customers. Details of the Partnership This collaboration allows Airtel customers on plans starting from ₹699 or higher to access Zee5’s vast content library at no additional cost. With this, subscribers can …

Bharti Airtel Clears ₹3,626 Crore Spectrum Dues from 2016

Bharti Airtel Clears ₹3,626 Crore Spectrum Dues from 2016

20 December 2024

On December 19, Bharti Airtel informed the stock exchanges that it had prepaid ₹3,626 crores to the Department of Telecom, clearing all liabilities for spectrum acquired in 2016. On December 20, 2024, Bharti Airtel share price opened at ₹1,610.00, up from its previous close of ₹1,600.30. At 9:54 AM, the share price of Airtel was trading at …

EaseMyTrip Joins Forces with OLX for Seamless Travel Booking

EaseMyTrip Joins Forces with OLX for Seamless Travel Booking

20 December 2024

Easy Trip Planners Limited (EaseMyTrip) announced that it has partnered with OLX India to introduce a dedicated ‘Travel’ section on the OLX platform. This strategic move expands OLX’s service offerings, enabling users to book flights, hotels, and holiday packages seamlessly. Key Benefits for OLX Users Seamless Travel Booking: Users can plan and book travel directly …

PTC Industries Acquires UK-Based Trac Precision Solutions

PTC Industries Acquires UK-Based Trac Precision Solutions

20 December 2024

PTC Industries Limited has announced the successful acquisition of 100% ownership in Trac Holdings Limited, which owns Trac Precision Solutions. Acquisition Details Trac, based in the UK, is renowned for its high-precision manufacturing of turbine blades, nozzle guide vanes, heat shields, and other critical components used in aerospace, defence, and power generation industries. This acquisition …

IOL Chemicals Shares Rose Over 3%: Board To Consider Stock Split

IOL Chemicals Shares Rose Over 3%: Board To Consider Stock Split

19 December 2024

On December 18, 2024, IOL Chemicals & Pharmaceuticals made an announcement via an exchange filing, stating that the Board of Directors will meet on December 27, 2024, to evaluate and approve a stock split of its share capital. Specifically, the discussion will focus on the sub-division or split of the company’s current equity shares, which …

ABB Signs Agreement to Acquire Power Electronics Business of Gamesa Electric

ABB Signs Agreement to Acquire Power Electronics Business of Gamesa Electric

19 December 2024

On December 18, 2024, ABB India announced that it had signed an agreement to acquire the power electronics business of Gamesa Electric in Spain, a subsidiary of Siemens Gamesa. This strategic acquisition aims to strengthen ABB’s position in the rapidly growing market for high-powered renewable power conversion technology. The acquisition will significantly enhance ABB’s existing …

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