In what could potentially reshape India’s insurance market, Jio Financial Services Ltd., a Reliance group company, is reportedly in advanced discussions with Germany-based Allianz SE to establish a new insurance venture in the country. As per news report, both parties have reached a preliminary agreement and are working through the specifics of the ownership structure. …
Shares of Bharat Heavy Electricals Ltd. (BHEL), the state-owned engineering and manufacturing enterprise, witnessed a modest jump of 2% on the afternoon of Friday, March 21, following the announcement of a major project win. The company informed the stock exchanges that it has received a substantial ₹7,500 crore order from Gujarat State Electricity Corporation Ltd. …
Piramal Pharma Ltd announced that its subsidiary, Piramal Critical Care (PCC), and Ireland-based BrePco Biopharma Ltd (BPCO) have received approval from the UK Medicines and Healthcare Products Regulatory Agency (MHRA) for Neoatricon. This marks a significant milestone as Neoatricon becomes the first paediatric-strength dopamine hydrochloride infusion designed for neonates, infants, and children with hypotension. Addressing …
In a strategic move towards sustainability and innovation, Hero MotoCorp Limited, the world’s largest manufacturer of motorcycles and scooters, has announced a significant investment of up to ₹525 crore in Euler Motors Private Limited. The decision, approved by the company’s board on March 20, 2025, marks Hero MotoCorp’s official entry into the electric three-wheeler (3W) …
Lloyds Metals and Energy Ltd has received environmental clearance from the Ministry of Environment, Forest, and Climate Change for its new wire rod and pellet plant projects in Maharashtra. The approval marks a significant step in the company’s expansion plans. Approval for Wire Rod and Pellet Plant Projects On March 20, 2025, Lloyds Metals announced …
Bain Capital, a global private investment firm, has signed definitive agreements to acquire joint control in Kerala-based non-banking financial company (NBFC) Manappuram Finance. This investment, made through its affiliates BC Asia Investments XXV Ltd. and BC Asia Investments XIV Ltd., will see existing promoters retaining their stake in the company. Bain Capital’s Investment and Open …
Embassy Developments Ltd. (EDL), through its wholly owned subsidiary Embassy East Business Park Pvt Ltd., has finalised definitive agreements with Lam Research (India) Private Limited for the sublease and eventual divestment of approximately 25 acres in Whitefield, Bengaluru. The deal, valued at ₹1,125 crore, is subject to regulatory approvals. Strengthening Bengaluru’s Position as a Tech …
On March 21, 2025, BSE Sensex closed at 76,905.51 up by 0.73%, while Nifty50 rose by 0.69% to 23,350.40. Stocks like Shakti Pumps (India) and JSW Holdings hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today. Stocks That Hit Upper Circuit on March 21, 2025 Company Symbol …
ICICI Bank has set a swap ratio of 67:100, meaning that shareholders of ICICI Securities will receive 67 shares of ICICI Bank for every 100 shares they hold in ICICI Securities. This exchange ratio determines the value realisation for ICICI Securities investors as the company transitions into a wholly-owned subsidiary of ICICI Bank. Impact on …
Tilaknagar Industries (TI) will distribute AMARA Artisanal Pink Vodka. AMARA is a new spirit from Spaceman Spirits Lab (Spaceman). Spaceman also makes SAMSARA Gin. TI will distribute AMARA via a royalty arrangement. This covers Spaceman brands in India and abroad. Expanding TI’s Portfolio AMARA enhances TI’s product range. TI’s brands include Monarch Legacy Edition Brandy. …
