Welspun Living Ltd. has announced a major buyback of shares worth Rs.278 crore, scheduled to commence on August 9 and close on August 16. According to an exchange filing, the company plans to repurchase over 1.26 crore shares at a price of Rs.220 per equity share. This buyback represents 7.87% of the company’s paid-up equity …
In a strategic move to bolster its renewable energy portfolio, Tata Power Co. is set to acquire a 40% stake in Khorlochhu Hydro Power Ltd. (KHPL). This acquisition, valued at approximately Rs 830 crore, underscores Tata Power’s commitment to expanding its green energy initiatives. The acquisition process, outlined in a recent exchange filing on the …
On August 6, 2024, ASK Automotive Limited signed a Shareholders’ Agreement (SHA) and a Share Subscription Agreement (SSA) with Blupine Energy Private Limited and Solarcraft Power India 25 Private Limited. They also signed similar agreements with Blupine and Solarcraft Power India 26 Private Limited. Investment in Solarcraft Power India 25 Private Limited ASK Automotive Limited …
Brigade Group Enterprises Limited is an Indian real estate and property development company headquartered in Bangalore, with operations in Mangalore, Mysore, Chennai, Kochi, Hyderabad, Chikmagalur, Ahmedabad, and a representative office in Dubai. Founded in 1986, Brigade Enterprises Ltd has created numerous landmark buildings in Bengaluru, Chennai, Hyderabad, Gift City-Gujarat, and Thiruvananthapuram, encompassing residential, office, retail, …
On August 7, 2024, Altair and L&T Technology Services collaborated to create a digital twin centre of excellence (CoE). This new CoE aims to boost digital transformation by offering advanced digital twin solutions to clients in the mobility, hi-tech, and sustainability sectors. The CoE will provide expertise in AI-driven engineering, innovation labs for new simulations, …
GRP Limited has announced its financial results for Q1 FY 2025, showing a 27% increase in total income. For the quarter ending June 30, 2024, total income reached ₹1,267 million, up from ₹999 million during the same period last year. The company also reported a significant 122% increase in profit after tax (PAT), rising to …
Star Health and Allied Insurance Company Limited announced that it has achieved a significant milestone, setting new benchmarks in the health insurance industry. The company has announced that it has processed over 60 claims and conducted more than 100 claim transactions through the National Health Claims Exchange (NHCX) system, one of the highest figures reported …
Coal India Limited (CIL) and GAIL (India) Limited have entered into a strategic partnership to establish a coal-to-synthetic natural gas (SNG) plant in the Raniganj area of West Bengal. This collaboration marks a significant step towards India’s energy independence and aligns with the National Coal Gasification Mission. The plant, utilising advanced surface coal gasification technology, …
TVS Motor Chairman Ralf Speth expressed optimism about the domestic two-wheeler industry’s growth trajectory for the current fiscal year, driven by factors such as normal rainfall and a resurgence in rural demand. The company anticipates a gradual recovery in export markets, particularly in Africa, Latin America, ASEAN, and the Middle East. Speth highlighted the company’s …
Bata India Limited announced its financial results for the quarter ended June 30, 2024. While the company reported a net profit of ₹1,744 million, revenue experienced a slight decline compared to the previous year. The company attributed the results to a combination of factors. A one-time gain of ₹1,340 million from the sale of the …
