On April 26, 2024, V.S.T Tillers Tractors Ltd informed in an exchange filing that on April 25, 2024, the company incorporated a wholly owned subsidiary in the name of VST Americas Inc. This new wholly-owned subsidiary was incorporated in the United States. This new subsidiary was set up to assist V.S.T Tillers Tractors Ltd in …
On April 25, 2024, REC Limited, a Maharatna Central Public Sector Enterprise and leading NBFC under the Ministry of Power, announced that it had availed a Green Loan of Japanese Yen (JPY) 60.536 billion to fund eligible green projects in India. The company also stated that the Italian Export Credit Agency, SACE (Italy), under their …
Mphasis Limited, a leading IT solutions provider, outlined a strategic financial plan during a Board of Directors meeting on April 25, 2024. These strategic investments aim to enhance operational efficiency and support the continued growth of the company’s subsidiaries. Capital Infusion for European Subsidiary Investment Amount: Mphasis Limited will invest up to US$80 million in …
On April 26, 2024, GTPL Hathway Limited, a leading Multi-System Operator (MSO) in India through an exchange filing, launched an updated version of its WhatsApp bot, GIVA, integrating advanced AI capabilities. As part of GTPL Hathway’s commitment to drive excellence through cutting-edge digital innovations, the upgraded bot is designed to automate customer support, enable self-service, …
The automobile sector plays a significant role in macroeconomic expansion and technological advancement, making the industry a proven indicator of economic growth. Due to a large proportion of India’s population being under 30 and a developing middle class, the two-wheeler segment leads the market in terms of volume. India is the world’s largest tractor maker, …
On April 25, 2024, a leading global digital engineering and R&D services provider, L&T Technology Services Limited (LTTS), through an exchange filing, announced that it will be streamlining and simplifying its organisational structure into 3 main segments to fuel future growth, scalability and technology innovation. As a part of its ‘Go Deeper to Scale’ strategy …
On April 25, 2024, Meson Valves India Limited informed in a stock exchange filing that the company secured a license agreement with Georg Schunemann GmHH of Bremen, Germany. Details of the Agreement The agreement authorises Meson Valves to proactively expect and champion ‘Make in India’ as the exclusive choice for global manufacturing. This exclusive arrangement …
On April 25, 2024, Zensar Technologies Limited announced its financial results for its fourth quarter, ending March 31, 2024, of the fiscal year 2023-2024. In FY 2024, the company reported services revenue of $591.3 million, a yearly YoY growth of 1.0% in reported currency and 1.3% in constant currency. In Q4 FY 2024, the company …
On April 25, 2024, PG Electroplast Limited (PGEL), through an exchange filing, announced that its wholly-owned subsidiary, PG Technoplast Private Limited, achieved a significant milestone by unveiling its new marquee air conditioning (AC) manufacturing facility for North India in Bhiwadi, Rajasthan. The objective behind this strategic investment is to meet the growing demand for energy-efficient …
On April 25, 2024, the global steel producer Tata Steel Limited announced in an exchange filing that it will invest £1.25 billion in the UK Steel Industry. This announcement follows the company’s proposal to restructure the UK business and 7 months of formal and informal discussions with the UK Steel Committee (the multi-union forum) and …
