UCAL Limited, a big name in the automotive component world, has just signed a Memorandum of Understanding (MoU) with Blaer Motors Pvt. Ltd., a company known for its work in hybrid drivetrain solutions. This new partnership is all about collaborating on the design and development of motor controllers, specifically those ranging from 500 watts to …
AU Small Finance Bank Limited has rapidly grown to become a prominent player in the Indian banking sector, offering a wide range of financial products and services to individuals and businesses. With its strong focus on technology and innovation, the bank has provided its customers with convenient and efficient banking solutions. An important turning point …
Akums, the largest contract development and manufacturing organization (CDMO) in India, enjoys a dominant position in the local market. In the Indian CDMO market, Akums held a 9.3% market share by value in FY23, while in the Indian Pharmaceutical Market (IPM), the company held an 8.8% share by volume. Its market share by value rose …
Tata Technologies Shares Recover from Initial Decline Following Significant Block Deal On Tuesday, August 27, shares of Tata Technologies Ltd. experienced a 2% decline, marking a significant movement in the stock after a block deal where 1.3 crore shares, equivalent to 3.3% of the company’s total equity, were transferred. The transaction occurred at an average …
On Tuesday, August 27, 2024, the stock market witnessed a significant transaction involving Rolex Rings Ltd., where as many as 5.2 lakh shares, equating to 2% of the company’s equity, exchanged hands through a block deal window. The transaction, valued at Rs 126 crore, was executed at a price of Rs 2,519 per share. The …
Emami Limited has subscribed to 4,348 compulsorily convertible preference shares (CCPS) of its associate company, Cannis Lupus Services India Private Limited. Cannis is an associate company of Emami Limited, making this acquisition a related party transaction. However, none of the promoters, promoter groups, or group companies have any interest in Cannis. The transaction has been …
GPT Infraprojects Limited, the leading company within the GPT Group, is a prominent infrastructure firm headquartered in Kolkata. Specializing in the railway sector, it undertakes a range of civil and infrastructure projects, with a particular emphasis on constructing large bridges and road overbridges (ROBs) for railway applications. The company is recognized for its expertise and …
Tata Elxsi is recognized as one of the world’s leading providers of design and technology services, offering innovative solutions across various industries, including Automotive, Broadcast, Communications, Healthcare, and Transportation. The company is at the forefront of helping its customers reimagine their products and services through the adoption of design thinking and the application of cutting-edge …
Medi Assist Insurance TPA Private Limited (Medi Assist TPA), a subsidiary of Medi Assist Healthcare Services, has signed definitive agreements to acquire Paramount Health Services & Insurance TPA Pvt. Limited (Paramount TPA). Paramount TPA is a key player in the Third-Party Administrator (TPA) space, owned by Fairfax Asia and the Shah family. This acquisition will …
India’s market regulator, the Securities and Exchange Board of India (SEBI), has issued show-cause notices to Vijay Shekhar Sharma, the founder of One 97 Communications Ltd (Paytm’s parent company), and board members who were in office during the firm’s initial public offering (IPO) in November 2021. The notices allege misrepresentation of facts, particularly concerning Sharma’s …
