ICICI Securities Ltd. will be delisted as part of a merger process with ICICI Bank, making it a wholly-owned subsidiary of the bank. The delisting will follow a set timeline, with specific dates for suspension, trading cessation, and share conversion. Trading Suspension and Delisting Date The equity shares of ICICI Securities will be suspended from …
ICICI Bank’s decision to merge with ICICI Securities marks a significant shift in the structure of one of India’s largest private-sector banks. This merger will reunite the 2 entities, which had separated about 8 years ago as part of ICICI Bank’s strategy to strengthen its capital base during challenging economic times. In this blog, we …
Avenue Supermarts Limited (DMart), a prominent name in the Indian retail sector, has announced an additional investment in its subsidiary, Avenue E-Commerce Limited (AEL). The company has invested ₹174.99 crore by subscribing to 4.67 crore equity shares of AEL at an issue price of ₹37.41 per share. This investment aims to strengthen AEL’s operational, working …
Paras Defence and Space Technologies Limited has received an order from the Center for High Energy Systems & Sciences (CHESS), which is part of DRDO under the Ministry of Defence, Government of India. The order is worth approximately ₹142.31 crores, including taxes. Project Scope & Contract Specifications The company will develop a Laser Source Module …
The Prime Minister Internship Scheme (PMIS) has gained momentum, with companies like Jubilant Foodworks Limited, Maruti Suzuki, ONGC, Reliance Industries, and Eicher Motors leading the way in offering internship opportunities. According to the latest report by the Standing Committee on demands for grants under the Ministry of Corporate Affairs (MCA), these firms are among the …
The Solar Energy Corporation of India (SECI), under the National Green Hydrogen Mission (NGHM), has granted Letters of Award (LoA) to nine companies to establish green hydrogen production facilities in India. These awards are part of the mission’s second phase (Tranche II, Mode I), which aims to boost green hydrogen production and promote advanced technology. …
Tata Group’s retail arm, Trent Ltd, announced that its subsidiary, Booker India Limited (BIL), has signed a Share Purchase Agreement (SPA) to acquire a 100% stake in THPL Support Services Limited (TSSL) from Trent Hypermarket Private Limited (THPL). The move aims to streamline operations and enhance supply chain capabilities within the group. Acquisition Details The …
Tata Communications has introduced Vayu, a cloud fabric to simplify enterprise cloud operations by addressing multi-cloud complexity, infrastructure costs, and AI deployment challenges. The platform integrates Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), AI tools, security, cloud connectivity, and professional services into a single system. As of March 20, 1:57 PM, Tata Communications share price is trading at …
Muthoot Finance has revised its asset under management (AUM) growth projection for FY25, increasing its guidance to 40% from the earlier estimate of 25-30%. This adjustment reflects the company’s strong performance and increasing demand for gold loans. Strong AUM Growth in FY25 The company has already achieved 38% AUM growth and expects to close the …
NCC Limited has been awarded a significant infrastructure development contract worth ₹2,129.60 crore (excluding GST) by the Andhra Pradesh Capital Region Development Authority (APCRDA). The contract formalised through a Letter of Acceptance dated 19 March 2025, involves a wide range of development works in the Zone-12 villages of Amaravati Capital City. The scope of the …
