Container Corporation of India Ltd. (NSE: CONCOR), a leading Navratna Central Public Sector Enterprise (CPSE) under the Government of India, has made a significant announcement regarding the expansion of its logistics infrastructure. The company has placed an order with M/s GATX India Pvt. Ltd. for the supply of 10 rakes of BLSS wagons on an …
The merger of ICICI Securities and ICICI Bank is a significant development in the Indian financial sector. As the integration process unfolds, stakeholders—including investors and, clients —will require timely and accurate updates to stay informed. Here’s where they can find official information regarding the merger. Stock Exchange Filings In June 2023, ICICI Securities announced its …
Centrico Insurance Repository, a subsidiary of Central Depository Services, has signed an agreement with the Life Insurance Corporation of India (LIC) to offer insurance repository services. This collaboration aims to enhance digital access and management of insurance policies. Expanding Digital Insurance Services The insurance repository system, introduced by regulators, allows policyholders to store policies electronically. …
In a landmark move signalling its evolution, Hindalco Industries Ltd, the metals flagship of the Aditya Birla Group, has revealed a refreshed brand identity aimed at repositioning the company from a traditional materials supplier to an innovation-led solutions provider. The transformation was officially announced by Group Chairman, Mr Kumar Mangalam Birla, in the presence of …
Goa Carbon Limited has received an assessment order and a demand notice from the Income Tax Department for the financial year 2023-24, seeking a tax payment of ₹73.7 crore. Details of Tax Demannd Notice The order, dated March 19, 2025, was issued under Section 143(3) read with Section 144B of the Income-tax Act, 1961, while …
Glenmark Pharmaceuticals Ltd announced on Thursday, 20 March, that its subsidiary, Glenmark Therapeutics Inc., USA, has received final approval from the US Food & Drug Administration (USFDA) for its Olopatadine Hydrochloride Ophthalmic Solution USP, 0.2% (OTC). This approval allows Glenmark to expand its ophthalmic portfolio in the US market. USFDA Approval and Market Potential The …
Hindustan Unilever Limited (HUL) has decided to acquire a 14.3% stake in Lucro Plastecycle Private Limited, a company specialising in recycling flexible plastics. This step aligns with HUL’s sustainability goals to promote a circular plastic economy and increase the use of recycled flexible packaging. Objective and Impact of The Investment This investment aims to enhance …
83.8% of public institutional shareholders voted for ICICI Securities delisting. 67.8% of public non-institutional shareholders voted against the proposal. However, institutional investors pushed through the proposal. ICICI Securities Shareholding Pattern Let’s break down the ICICI Securities shareholding pattern. Public institutional investors owned nearly 70% of ICICI Securities’ shares. This is significantly less than shares of …
Greenlam Industries Ltd has set today, Friday, March 21, 2025, as the record date for its 1:1 bonus issue. This means that shareholders holding equity shares as of this date will be eligible to receive one fully paid-up equity share of Re. 1 for every existing share they own. Investors who have purchased shares before …
Oberoi Realty has informed the stock exchanges that its Board has approved a significant transaction involving its joint venture company, I-Ven Realty Limited (I-Ven). The transaction includes the execution of a Securities Subscription Agreement (SSA) and a Shareholders’ Agreement (SHA) with Alpha Wave Ventures II, LP (Investor), Mr Vikas Oberoi, and I-Ven Realty Limited. As …
