Prism Johnson Ltd has announced its strategic investment in Sunbath Sanitary Private Limited, marking a significant step in its expansion within the sanitaryware sector. Prism Johnson has entered into a Shareholders Agreement with Sunbath, a company based in Morbi, Gujarat, which specialises in the manufacturing of sanitaryware. This investment involves Prism Johnson acquiring 50% of …
IndusInd Bank has partnered with the Paralympic Committee of India (PCI) as its Official Banking Partner. This partnership highlights the Bank’s commitment to supporting Indian para-athletes and promoting sports through its ‘IndusInd For Sports’ initiative. Since 2016, IndusInd Bank has used sports to drive inclusion and sustainability with various initiatives. The partnership aims to enhance …
The multinational Indian provider of telecommunications services, Bharti Airtel Limited, has its headquarters in New Delhi. It works in the Channel Islands and eighteen other countries in South Asia and Africa. Airtel currently covers all of India with 5G, 4G, and LTE Advanced services. Regarding its corresponding services in the telecom sector, it is among …
Ecos (India) Mobility & Hospitality Ltd. is gearing up for its big IPO debut, kicking off on August 28, 2024. The offer will be open until August 30, 2024. If you’re thinking of jumping in, the company has set a price range of Rs.318 to Rs.334 per share. Investors will need to buy a minimum …
Shares of Vardhman Textiles witnessed a notable surge of over 4% on Friday, reclaiming the significant psychological level of Rs 500. The stock opened at Rs 489, which also marked the day’s low, and quickly climbed to an intraday high of ₹529. As of the latest trading update, Vardhman Textiles is trading at Rs 504.55, …
Block Deal in Tata Technologies In a significant market move, Tata Technologies witnessed a substantial block deal on Friday, where 1.2 crore shares, accounting for 2.9% of the company’s total equity, were traded. This transaction, conducted at an average price of Rs 1,019.8 per share, resulted in a total deal value of Rs 1,218.5 crore. …
Shares of Hindustan Aeronautics Ltd. (HAL) soared to an intraday high of Rs 4,864 on Friday, drawing significant attention from market participants. The surge in HAL’s stock price comes in the wake of a key development in India’s defence sector, particularly after the recent signing of the Security of Supplies Agreement (SOSA) between the United …
On August 23, 2024, Kaynes, a global leader in electronic system design and manufacturing, celebrated the opening of its state-of-the-art electronics manufacturing facility in Hyderabad. This event marked an important step in the company’s growth strategy, emphasising its focus on innovation, sustainability, and excellence. The inauguration was graced by the presence of Gaddam Prasad Kumar, …
On August 23, 2024, JSW Energy Limited announced significant developments in its renewable energy portfolio. JSW Renew Energy Twenty Limited, a wholly-owned step-down subsidiary of JSW Energy, has signed a Power Purchase Agreement (PPA) with Bangalore Electricity Supply Company Limited (BESCOM). This agreement covers a solar capacity of 300 MW, awarded by Karnataka Renewable Energy …
In a significant setback for foreign direct investment in India’s financial sector, HDFC Bank has rejected a proposed $2 billion investment from Japan’s Mitsubishi UFJ Financial Group (MUFG). This decision has sparked disappointment in Japan and raised questions about the future of India-Japan economic ties despite the potential benefits of such a partnership. Instead of …
