On October 01, 2024, Birla Estates Private Limited, a subsidiary of Aditya Birla Real Estate Limited (formerly Century Textiles and Industries Limited), announced that Birla Trimaya Phase II – The Park has sold nearly 95% of its units within just 24 hours of launching, generating around ₹600 crore in bookings. This follows the impressive performance …
Northern Arc Capital Limited has concluded its Initial Public Offering (IPO) and made its debut on the stock exchanges on September 24, 2024. The IPO raised a total of ₹777 crore, comprising ₹277 crore from an offer for sale and ₹500 crore from fresh equity capital. Earlier in April 2024, the company had already raised …
On October 1, 2024, TARC Limited (The Anant Raj Corporation) announced the refinancing of its existing debt along with a ₹250 crore additional working capital facility available on call. This strategic decision is backed by a successful fundraising effort involving a consortium of esteemed Indian banks and financial institutions, reflecting their confidence in TARC’s financial …
On October 1, 2024, Sun Pharmaceutical Industries Ltd (Sun Pharma) and Philogen S.p.A. announced a global licensing agreement to commercialise Philogen’s cancer immunotherapy product, Fibromun (L19TNF). Fibromun is currently being tested in clinical trials for treating soft tissue sarcoma and glioblastoma. Under the agreement, Sun Pharma will have exclusive global rights to market Fibromun, while …
On October 1, 2024, Zen Technologies Limited (Zen) announced that it has secured an Annual Maintenance Contract (AMC) valued at ₹46 crore (inclusive of 18% GST) with the Ministry of Defence. This 5-year agreement is designed to ensure the continuous maintenance of advanced simulators developed by Zen, reinforcing the company’s commitment to supporting India’s defence …
The drone market in India is expected to generate revenue of US$27.0 million in 2024, with a projected annual growth rate of 5.78% (CAGR 2024-2029). By 2029, the drone market volume in India is forecasted to reach 79.6 thousand units, with a 6.6% volume growth expected in 2025. A significant factor contributing to the market’s …
Public Sector Undertakings (PSUs) are an integral part of the Indian economy, representing government ownership in various industries ranging from oil and gas to banking and telecommunications. For investors looking to diversify their portfolios, PSU stocks can offer unique opportunities and benefits. In this article, we will explore the best PSU stocks in India in …
The promoters and management of Andhra Cements Limited have undergone multiple changes since its incorporation on December 9, 1936, under the Indian Companies Act 1913. Following its 1994 acquisition from BIFR, the business was formerly managed by M/s Duncan Agro Industries Ltd., also known as Duncan Industries Ltd. (DIL), which was overseen by Shri G.P. …
India stands as the largest consumer and the 2nd largest producer of sugar globally, with a production of ~34 million metric tons in 2023-2024. The sugar industry is vital for the livelihood of sugarcane farmers in rural regions and offers employment to around 5,00,000 workers in sugar mills. In this article, find the best sugar …
Introduction RITES Limited, a leading player in the transport infrastructure sector, continues to expand its global footprint. The Navratna public sector enterprise, incorporated in April 1974, is engaged in providing consultancy services, project management, and engineering solutions for transport infrastructure. With 72.20% shareholding held by the Government of India, RITES operates both domestically and internationally, …
