Key Developments Boosting Share Prices Transformers and Rectifiers (India) Ltd. (TRIL) saw a significant uptick in its share prices on Thursday, August 22, as the stock hit a 5% upper circuit, closing at Rs 709.85 per share. This rally came in response to the company securing substantial international orders worth $16.8 million from two global …
Westside, part of the renowned TATA family, has opened its latest store in Mira-Bhayandar, Thane. Located at Leena Imperial Residency, 150 ft Road, near D Mart, and next to Maxus Mall, this spacious 22,274 sq ft store is designed to offer diverse fashion options in one place. The new store embodies Westside’s vision of providing …
Zen Technologies Limited was founded in 1993 and is a pioneer in the provision of counter-drone solutions for protecting borders, vital infrastructure, and other areas. It also designs, develops, and produces cutting-edge combat training solutions for the training of defense and security forces worldwide. Zen Technologies has offices in the United States, the United Arab …
The Central Bank of India has successfully bid for the stake acquisition of Future Enterprises Ltd (FEL) in two major insurance ventures, signaling a significant move in the ongoing insolvency proceedings against the debt-ridden company. This acquisition marks a crucial step in the resolution process, highlighting the bank’s strategic interest in expanding its footprint in …
On August 21, 2024, Kilburn Engineering Ltd announced its plan to acquire Monga Strayfield Pvt Ltd for up to ₹123 crore, pending adjustments based on due diligence and final agreements. This acquisition is designed to enhance Kilburn’s product range and expand its market presence. Monga Strayfield, founded in 1968, is a global leader in radio …
Transformers and Rectifiers (India) Limited has announced significant export orders, totaling US $16.80 million. The company has secured two major contracts for the supply of transformers: Order from Linxon Global Sweden Transformers and Rectifiers (India) Limited has been awarded an export order from Linxon Global Sweden. The order is worth US $14.00 million for the …
On August 21, 2024, Tejas Network Limited, one of the leading electronics manufacturers, announced that Optiemus Electronics Limited (a subsidiary of Tejas’s wholly-owned subsidiary Optiemus Infracom Limited) has forayed into telecom equipment manufacturing. In line with the Hon’ble Prime Minister’s vision for an Atmanirbhar Bharat, Optiemus is collaborating with Tejas Networks to manufacture a diverse …
As the Reserve Bank of India encourages banks to enhance their credit-to-deposit ratios, deposit competition is intensifying. Public Sector Banks (PSBs) may have the largest branch networks in India, but their ability to attract deposits falls short of that of their private sector counterparts. Despite having a branch network three times larger than HDFC Bank, …
NMDC Steel Limited (NSL), a leading player in the Indian steel industry, has achieved a significant milestone by producing 1 Million Tons (MnT) of Hot-Rolled Coil (HRC) just four days after celebrating its first anniversary of HR Coil production. This remarkable feat underscores NSL’s position as one of the fastest and most efficient steel plants …
Awfis, India’s premier provider of flexible workspaces, has announced the strategic expansion of its network with the launch of two new centres in Bengaluru: Mantri Commerce and Vista Pixel. These state-of-the-art facilities, totalling 66,846 square feet of built-up area, offer premium workspace solutions in prime locations, catering to the evolving needs of modern professionals. Strategically …
