The Government of India has approved Oil and Natural Gas Corporation Limited (ONGC) ‘s investment in ONGC Petro Additions Limited (OPaL). This strategic move will strengthen ONGC’s presence in the petrochemical sector and provide OPaL with the necessary capital for growth. The government has sanctioned an additional equity capital infusion of ₹10,501 crore into OPaL. …
Key Highlights Successful completion of a ₹200 crore QIP Strong growth in the medical devices business Expansion of manufacturing capabilities Increased focus on exports and high-yielding markets Robust distribution network Morepen Laboratories Limited, a prominent player in the medical devices and pharmaceutical sectors, has announced impressive financial results for the first quarter of FY2025. The …
Tata Motors remains optimistic about the domestic automotive market, anticipating a gradual rebound driven by factors such as government infrastructure investments, favourable monsoons, and new product launches. While global demand is expected to remain subdued, the company is confident in its ability to navigate challenges and deliver strong financial performance. Key Highlights from Tata Motors’ …
Atul Limited has achieved a significant milestone with the receipt of an Establishment Inspection Report (EIR) from the United States Food and Drug Administration (FDA) for its Ambernath, Maharashtra-based manufacturing facility. This positive outcome follows a successful inspection conducted from May 6 to May 10, 2024, which resulted in zero FDA 483 observations. Atul Bioscience, …
Brightcom Groupis excited to announce a significant expansion of its operations into Europe, the Middle East, Africa (EMEA), and Asia-Pacific (APAC). This strategic move aligns with the company’s vision of becoming a global leader in digital marketing and media. To drive this expansion, Brightcom Group is establishing new entities under the Trenova Corporation brand in …
Godrej Properties plans to launch residential projects worth ₹21,000 crore by March in key cities to tap into strong consumer demand. Executive Chairperson Pirojsha Godrej shared in an interview that the company is confident of achieving its goal of ₹27,000 crore in sales bookings for this fiscal year. Last fiscal year, Godrej Properties’ sales bookings …
Amara Raja Energy & Mobility Limited (ARE&M) has announced several significant developments in its efforts to advance the electric vehicle (EV) and energy storage sectors. The company’s wholly-owned subsidiary, Amara Raja Advanced Cell Technologies Private Limited (ARACT), has signed a Memorandum of Understanding (MoU) with Piaggio Vehicles Private Limited, the 100% Indian subsidiary of the …
EMS Ltd has announced a significant development in its strategic expansion plans. In a recent stock exchange filing, the company revealed that its board of directors has approved the acquisition of a 75% stake in M/s Brijbihari Pulp and Paper Private Limited. This acquisition involves the purchase of 7,500 equity shares of the target company. …
Tata Technologies Ltd., a leading engineering services provider, has received a notice from the Chhattisgarh government to cancel the upgrade of Industrial Training Institutes (ITIs) in the state. In response, the company has accepted the termination of the agreement and has initiated steps to refund the funds held in escrow. Termination of the Agreement The …
On August 12, 2024, Tata Consultancy Services (TCS) announced that it has rolled out mobile checkout at all Croma stores, marking a first for the Indian retail industry. Using its TCS OmniStore™ platform, which combines AI technology, TCS has made the checkout process faster and improved the shopping experience both in-store and online. This new …
