Introduction Inox Wind Limited, one of India’s leading wind energy solution providers, has announced a major strategic move—its subsidiary, Resco Global, has secured Rs 350 crore from marquee investors. This equity infusion aims to boost Resco Global’s offerings and leverage the growing opportunities in India’s wind sector. Who is Resco Global? Resco Global Wind Services …
On August 31, 2024, Emami Limited, a major FMCG company in India, announced its plans to acquire full ownership of Helios Lifestyle Pvt Ltd, the company behind the popular men’s grooming brand ‘The Man Company’. Emami already owns 50.40% of Helios and will now acquire the remaining 49.60% stake. The Man Company is a lifestyle …
At the close of the trading session on August 30, 2024, Nifty 50 was up 0.33%, and Sensex was up 0.28% to close at 25,235 and 82,365, respectively. Top Gainers and Losers On the sectoral front, the Nifty Realty, Nifty Pharma, Nifty Mid-Small Healthcare, and Nifty Healthcare Index saw gains. On the other hand, the …
Life Insurance Corporation of India (LIC), the country’s largest insurer, has been hit with a major Goods and Services Tax (GST) demand order amounting to Rs.605.58 crore for the financial year 2019-20. The order, issued by the Deputy Commissioner of State Tax in Mumbai, includes a GST amount of Rs 294.43 crore, interest of Rs …
Vimta Labs Limited, a renowned player in the life sciences sector, has announced a significant corporate move by transferring its diagnostics and pathological services business to Thyrocare Technologies Limited through a Business Transfer Agreement (BTA). This strategic slump sale aims to streamline operations and focus on core competencies. Key Highlights of the Deal Agreement Date: …
In recent years, the demand for batteries has surged, driven by technological advancements and a growing emphasis on renewable energy. This has increased interest in battery companies, which play a crucial role in powering everything from electric vehicles to portable electronics. India, with its expanding economy and focus on green energy, is home to several …
India’s energy demand is projected to rise more rapidly than that of any other country in the coming decades, driven by its vast size and significant growth potential. As of 2023, India ranks 4th globally in wind and solar power capacity and 4th in total green energy installed capacity. The country’s installed power generation capacity …
On August 30, 2024, Aurionpro Payments, a part of Aurionpro, celebrated its launch as an online payment aggregator. This milestone comes after getting approval from the Reserve Bank of India and marks Aurionpro’s entry into the fast-growing payments industry. The announcement was made at the Global Fintech Fest 2024 in Mumbai, one of the largest …
On August 30, 2024, Thyrocare Technologies Limited, a major player in healthcare diagnostics, announced that it had signed a Business Transfer Agreement with Vimta Labs Limited. This agreement involves Thyrocare acquiring Vimta Labs’ diagnostic and pathological services business. Key Details Of The Deal Thyrocare will purchase the diagnostic and pathological services business from Vimta Labs. …
On August 30, 2024, Mahindra Group and Sentrycs Ltd signed a non-binding Memorandum of Understanding (MoU) to explore opportunities to develop and offer unique anti-drone solutions in India, targeting civilian and military applications. This MoU focuses on technology related to anti-drone systems, aiming to transfer technology (TOT) and manufacture radio frequency-based counter-drone solutions in line …
