On August 12, 2024, JSW Steel Limited announced a significant strategic move in the global mining sector. The company’s Board of Directors approved the acquisition of up to 66.67% economic interest in M Res NSW HCC Pty Ltd (M Res NSW) through its wholly owned subsidiary, JSW Steel (Netherlands) B.V. This investment involves an initial …
Inox Wind Limited, a pioneer in wind energy solutions, has secured a significant 51 MW order from Everrenew Energy Private Ltd, a prominent player in the commercial and industrial (C&I) sector. This contract entails the supply of IWL’s cutting-edge 3 MW Wind Turbine Generators (WTGs), underscoring the company’s technological prowess. Furthermore, Inox Wind will extend …
Jindal Stainless, India’s premier stainless steel manufacturer, has achieved a significant milestone by securing accreditation from BrahMos Aerospace Pvt. Ltd as a qualified vendor for the production and supply of steel sheets and plates from its Hisar plant in Haryana. This recognition comes after BrahMos conducted a rigorous quality and credentials assessment to select Jindal …
India’s leading corporate travel services provider and third-largest online travel company, Yatra Online, announced its financial performance for the Q1 FY2025. Q1 FY25 Highlights Revenue: Yatra reported revenue of ₹1,008 million, a 9% YoY decline primarily attributed to reduced B2C volumes due to optimised discounts in a highly competitive market. Corporate Growth: The company continued …
On August 12, 2024, Happiest Minds Technologies Limited, a company focused on digital transformation and IT solutions, announced its consolidated financial results for the first quarter ending June 30, 2024. Happiest Minds Technologies reported strong financial performance for the first quarter ending June 30, 2024. The company’s revenue in constant currency grew by 11.4% quarter-on-quarter …
On August 12, 2024, Wipro Limited, a major technology services and consulting firm, announced that it is strengthening its partnership with Google Cloud to enhance the adoption of Google Cloud AI. Wipro is using Vertex AI and Gemini models to improve its services to clients by equipping its team with AI-powered tools. These tools aim …
On August 12, 2024, CRISIL announced that the Board of Directors of its wholly-owned subsidiary, CRISIL ESG Ratings and Analytics Limited, has approved the creation and subscription to a private company. CRISIL ESG Ratings and Analytics Limited is a step-down subsidiary of CRISIL Limited. The proposed entity, which may be named the “Association of ESG …
On August 12, 2024, Kotak Mahindra Bank Limited (the Bank) informed the stock exchanges about a significant development involving its wholly-owned subsidiaries, Sonata Finance Private Limited (Sonata) and BSS Microfinance Limited (BSS). The Board of Directors of both companies has approved a Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013. …
On August 13, 2024, Veefin Solutions Ltd announced a significant strategic move by the Veefin Group of Companies by acquiring 100% of Nityo Tech Pvt Ltd, the India-based arm of Nityo Infotech Singapore. Nityo Tech Pvt Ltd was acquired through one of its subsidiaries. This acquisition, the second by Veefin in two months, underscores its …
On August 12, 2024, Starlineps Enterprises Ltd announced a strategic investment of ₹2.5 million in CUR8 Ventures Private Limited (“CUR8”), valuing the company at ₹3 billion. This investment secures Starlineps a 100 basis point equity stake in CUR8, marking a significant move into the technology sector. The company stated that this investment in CUR8 offers …
