IndusInd International Holdings Ltd (IIHL) has completed the transaction to acquire debt-ridden Reliance Capital (RCAP) by transferring the entire bid amount to lenders, IIHL chairman Ashok Hinduja said on Tuesday. The management transfer is likely to take place on Wednesday, March 19, 2025. Statement by Ashok Hinduja on Acquisition “The transaction from our side is …
Bajaj Healthcare share price surged 10.5% on the BSE, reaching an all-time high of ₹744.9 per share. The stock rallied after the company received a recommendation from the Subject Expert Committee (SEC) (Neurology & Psychiatry) of the Central Drugs Standard Control Organisation (CDSCO) to conduct Phase III clinical trials for Cenobamate Tablets. What is Cenobamate? …
JSW Steel has been in focus on Wednesday. On March 19, 2025, JSW Steel share price opened at ₹1,036.00, up from its previous close of ₹1,018.05. At 10:20 AM, the share price of JSW Steel was trading at ₹1,034.00, up by 1.57% on the NSE. Safeguard Duty Recommendation JSW Steel’s stock has been in the …
NMDC Ltd has been in focus this week following the announcement of its first interim dividend for the financial year 2024-25. On March 17, 2025, the company declared an interim dividend of ₹2.30 per equity share with a face value of ₹1 each. Shareholders whose names appear in the company’s Register of Members or as …
Bharat Petroleum Corporation Limited (BPCL) has announced a groundbreaking initiative in sustainable aviation, collaborating with BluJ Aerospace, the Agency for New and Renewable Energy Research and Technology (ANERT), and Cochin International Airport Limited (CIAL) to establish the world’s first hydrogen-powered Vertical Take-off and Landing (VTOL) aviation ecosystem. The Memorandum of Understanding (MoU) was signed in …
India has been making substantial progress in its transition towards self-reliance in solar energy. Over the years, a combination of government policies and expanding domestic manufacturing capacity has contributed to a structural shift in the country’s solar landscape. Decline in Solar Cell and Module Imports According to a report, India’s imports of solar cells and …
Allianz SE, the German financial services giant, is intensifying discussions with Mukesh Ambani-led Jio Financial Services (JFSL) to establish a joint venture in India’s life and general insurance sector. According to news reports, this move follows Allianz’s recent decision to exit its long-standing joint venture with Bajaj Group. On Monday, Allianz announced the sale of …
G R Infraprojects Limited has been awarded a significant contract from the National Highways Authority of India (NHAI) for the construction of the Agra-Gwalior Greenfield Road. This Letter of Acceptance (LOA), issued on 18th March 2025, marks a crucial milestone for the company in the infrastructure sector. Project Overview: Strengthening National Connectivity The project involves …
Nazara Technologies Ltd. has increased its stake in Absolute Sports Pvt. Ltd. from 91.03% to 100%, acquiring the remaining 8.97% equity for ₹69.17 crore. This acquisition makes Absolute Sports a wholly owned subsidiary of Nazara. As of March 19, 1:18 PM, Nazara Technologies Ltd. is trading at ₹948.90, up ₹12.45 (1.33%) today, but down 8.10% …
Cipla has entered into an exclusive licensing agreement with Taiwan-based Formosa Pharmaceuticals to commercialise clobetasol propionate ophthalmic suspension (0.05%), known as APP13007. The agreement gives Cipla exclusive rights to market the drug in India, South Africa, Nepal, Sri Lanka, Bangladesh, Malaysia, Myanmar, Kenya, Nigeria, Argentina, and Colombia. Following the announcement, Cipla Ltd shares were trading …
