DOMS Industries Limited has announced a significant strategic move with its decision to acquire a 51.77% stake in Uniclan Healthcare Private Limited. The investment, valued at up to ₹55.5 crore, involves DOMS purchasing 7,116,080 equity shares of Uniclan, each priced at ₹10. This acquisition, which requires regulatory approvals and the fulfilment of certain conditions, is …
Ester Industries Limited has announced its financial results for the quarter ended June 30, 2024. On a standalone basis, the company achieved a revenue of ₹244 crore in Q1 FY25, marking an 18.1% increase from ₹206 crore in Q1 FY24. The net loss reduced significantly, with a loss of ₹2 crore in Q1 FY25 compared …
NBCC (India) Ltd., a public sector construction company, announced yesterday that it has secured two new contracts collectively valued at approximately Rs.720 crore, marking a huge milestone in the company’s portfolio, further strengthening its position in the construction industry. New Orders Overview The first contract, valued at Rs.9.97 crore, has been awarded by the Institute …
Key Partnership for Naval Power Solutions Marine Electricals (India) Limited (MEIL) has made headlines by entering into a significant Memorandum of Understanding (MOU) with Cummins India Limited. This partnership aims to explore and develop mutually beneficial business opportunities, particularly focusing on the supply, commissioning, and after-sales services of Diesel Generator Sets and Integrated Propulsion and …
According to the guidelines for domestic gas pricing, domestic natural gas (APM Price) was set at 10% of the Indian Crude basket price, as announced monthly by the Petroleum Planning and Analysis Cell (PPAC). For gas produced through well interventions or from new wells in ONGC or Oil India Limited’s nomination fields, a 20% premium …
On August 12, 2024, Panasonic Energy India Co. Ltd, a part of Panasonic Holdings Corporation, announced its audited standalone results for the quarter ended June 30, 2024. Panasonic Energy India Co. Ltd reported a revenue of ₹629 million, slightly down from the same period last year, but its profit after tax (PAT) increased by 63.5% …
Several public sector banks, including Bank of Baroda, Canara Bank, and UCO Bank, have increased their benchmark marginal cost of funding-based lending rate (MCLR) following the Reserve Bank of India’s (RBI) recent monetary policy announcement. The hike in MCLR, ranging from 5 to 10 basis points, reflects the higher cost of funds for banks due …
AGS Transact Technologies has announced a significant enhancement to Chennai Metro’s commuting experience by launching its digital payment platform and non-bank prepaid payment instrument (PPI) ‘Ongo’. This initiative marks a milestone in transit convenience by introducing instant National Common Mobility Cards (NCMC). The NCMC cards, which facilitate seamless travel across various modes of transportation, including …
Godrej Properties Limited, a prominent real estate developer in India, has announced the acquisition of a significant 90-acre land parcel in Khalapur, Raigad, Maharashtra. This strategic acquisition positions the company to develop approximately 1.7 million square feet of saleable area, primarily residential plotted development. Located near Karjat Khopoli Road, Khalapur offers a picturesque setting with …
On August 12, 2024, Voltas Limited announced its Consolidated Financial Results for the quarter ending June 30, 2024, showcasing impressive growth across its segments. The company reported a remarkable 46% increase in consolidated Total Income in Q1 FY 2025, reaching ₹5,001 crore compared to ₹3,430 crores in the same quarter of the previous year. This …
