Massive Block Deal: Max Financial Services On September 5th, a major transaction took place in Max Financial Services (MFSL), with approximately 1.5 crore shares, representing 4.3% of the company’s equity, changing hands in a significant block deal. The deal, valued at Rs 1,637 crore, remains shrouded in mystery as the official buyers and sellers have …
PNB Housing Finance, backed by Punjab National Bank, offers retail customers housing and non-housing loans, including individual home loans, loan against property, non-resident property loan, among others. The company has recently announced that on September 9, 2024, the company’s Board of Directors will consider a plan to issue Non-Convertible Debentures (NCDs) worth up to Rs.2,500 …
Founded in 1929 and headquartered in Chennai, India, Rane Holdings Limited (RHL) serves as the parent company of the Rane Group and holds its trademark rights.The company has recently received approval from the Competition Commission of India (CCI) to acquire the remaining 51% stake in its joint venture, Rane NSK Steering Systems Pvt. Ltd. (RNSS). …
Introduction: A Powerhouse Collaboration In a groundbreaking move, Allied Blenders and Distillers Limited (ABDL), India’s third-largest spirits company, has announced a strategic partnership with Bollywood superstar Ranveer Singh. This dynamic collaboration aims to redefine the luxury spirits market in India, combining ABDL’s expertise with Ranveer Singh’s star power and entrepreneurial flair. The New Venture: Blending …
Kalpataru Projects International Limited (KPIL) has announced a significant financial manoeuvre involving its wholly-owned subsidiary, Kalpataru Power Do Brasil Participações S.A. (KPBPSA) in Brazil. The Executive Committee of KPIL’s Board of Directors has approved the conversion of an outstanding loan granted to KPBPSA into equity shares. This decision was made during a board meeting held …
Epack Durable has entered into a strategic partnership with Symphony, a renowned air cooler brand, to serve as an original equipment manufacturer (OEM) for the production of air coolers. This collaboration marks a significant step for Epack Durable in diversifying its product portfolio and customer base. Ajay DD Singhania, Chief Executive and Managing Director of …
Reliance Industries Limited (RIL) has secured production-linked incentives (PLI) worth ₹3,620 crore for manufacturing advanced chemistry cell (ACC) batteries. This win comes as part of the Ministry of Heavy Industries’ (MHI) rebidding process, where RIL emerged as the top contender for 10 GWh of ACC production capacity. With this latest development, RIL now holds a …
Unicommerce Esolutions Ltd has announced a strategic partnership with Bright Lifecare Private Limited, the omnichannel retailer behind the brand HealthKart. HealthKart has adopted Unicommerce’s leading e-commerce enablement SaaS platform to enhance its supply chain management. This collaboration aims to streamline order processing and fulfilment for HealthKart’s nutritional products, which are sold under brand names such …
On September 4, 2024, Star Health and Allied Insurance Co. Ltd (Star Health Insurance), India’s largest retail health insurer, introduced the first insurance policy available in Braille. This initiative highlights Star Health Insurance’s dedication to inclusivity and accessibility, making it easier for visually impaired and blind individuals to access information and make informed decisions about …
India is one of the fastest-growing and most diverse alcoholic beverage markets globally. The sector demonstrates significant growth potential, driven by favourable demographics and increasing social acceptance. In recent years, the alcoholic beverages industry in India has experienced remarkable expansion. The market size for alcohol in India is projected to reach USD 55.84 billion by …
