The Indian Renewable Energy Development Agency (IREDA) announced on Wednesday that it has secured government approval for an alternative mechanism to raise funds. The Department of Investment and Public Asset Management (DIPAM), acting upon the recommendation of a high-level committee, has authorised IREDA to dilute up to 7% of the government’s shareholding through a Qualified …
On September 18, 2024, Nazara Technologies Limited, a leading Indian gaming and sports media company, announced a significant milestone with its largest-ever fundraise. The company has secured ₹900 crores through a preferential equity issue, subject to shareholder and regulatory approvals. This substantial capital injection will fuel strategic acquisitions, expand business operations, and position Nazara to …
Introduction: A Major Leap Towards Renewable Energy INOXGFL Group’s privately held IPP platform, IGREL Renewables, has secured Rs 300 crore equity capital from prominent investors. This capital infusion aligns with IGREL’s vision to become a leading pure play commercial and industrial (C&I) renewable power generation platform in India. Expansion Plans: Aiming for 2 GW by …
Having made a name for itself in the global copper and aluminum industries, Hindalco Industries Limited is a major force in both home and foreign markets. The company has managed to hold its position as a major player in the industry thanks to its dedication to innovation, sustainability, and customer satisfaction. Hindalco Industries Limited is …
Mamaearth, a leading player in the world of toxin-free, natural personal care, has achieved a significant milestone with its entry into the Canteen Stores Department (CSD) under the Ministry of Defence. This strategic move not only expands the brand’s reach but also aligns with its core mission of making safe, effective products accessible to a …
On September 17, 2024, Revolt Motors, the leading electric motorcycle company in India, is set to revolutionise the motorcycle industry with the launch of its new electric model, the Revolt RV1, designed for everyday commuting. In India, motorcycles dominate the two-wheeler market, making up 70% of all sales. Out of the 12.5 million motorcycles sold …
Gopal Snacks Limited is thrilled to announce a significant expansion of its distribution network, adding over 110 new distributors in the past 5months. This strategic move brings the company’s total distributor base to 785, significantly increasing its retail reach across various regions. With a particular focus on key states, Gopal Snacks Limited has added 89 …
JK Tyre and Industry Ltd has announced plans to merge with Cavendish Industries Ltd, a strategic move aimed at consolidating the operations of both companies under a single listed entity. The merger, approved by JK Tyre’s board on Monday, is expected to yield significant benefits for both companies and their shareholders. By combining their businesses, …
On September 16, 2024, Carborundum Universal Limited (CUMI) signed a Share Purchase Agreement to acquire a 100% stake in Silicon Carbide Products, Inc. (SCP), USA, for an enterprise value of USD 6.66 million (around INR 56 crore). To facilitate this acquisition, CUMI will set up a wholly-owned subsidiary in the USA, which will act as …
Strides Pharma Science has announced a significant milestone with the USFDA approval of its Fluoxetine Tabs 60 mg. This achievement bolsters the company’s position in the US market, where Fluoxetine holds a substantial market share of approximately $130 million. As a therapeutically equivalent alternative to the reference listed drug, Strides’ Fluoxetine Tabs offer a high-quality, …
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