Time Technoplast Ltd, a global leader in polymer and composite products, has secured a significant order worth Rs.55 crore from Indian Oil Corporation Limited (IOCL) for Type-IV LPG composite cylinders to plan expansion and create a strong foothold in the market. Details of the Order The order specifically covers the supply of 10 kg capacity …
A recent Reserve Bank of India (RBI) directive has stirred discussions within the Indian credit card industry. The guidelines, issued in March 2024, mandate credit card issuers to offer customers a choice of network providers, including Rupay, Visa, and Mastercard, at the time of issuance and renewal. With the September 2024 implementation date approaching, some …
On June 25, 2024, the Competition Commission of India (CCI) has granted its approval for Coforge Limited (Coforge) to acquire a controlling interest in Cigniti Technologies Limited (Cigniti). This move signifies a significant consolidation within the Indian IT and IT-enabled services (ITES) sector. Acquisition Details The approved transaction allows Coforge to acquire at least 50.21% …
On June 25, 2024, Tata Steel Limited announced that it had acquired 12.5 million equity shares of the Indian Foundation for Quality Management (IFQM) at ₹10 each, totalling ₹12.5 crore and representing a 14.28% stake. IFQM notified Tata Steel of the share allotment on June 25, 2024, though the shares were allotted on June 2, …
Introduction In a significant development, C.E. Info Systems Limited has received an intimation from Mr. Rakesh Kumar Verma, the Chairman and Managing Director of the Company, regarding his intention to sell up to 5,00,000 equity shares. This move is outlined in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Details …
Mindspace Business Parks REIT, backed by the K Raheja Group, has successfully raised Rs.650 crore through a sustainability-linked bond from the International Finance Corporation (IFC), the private sector arm of the World Bank Group. This issuance marks the first of its kind by an Indian REIT, showcasing Mindspace’s target to sustainable growth. Financing and Refinancing …
Adani Green Energy Limited (AGEL), incorporated in 2015, is an Indian renewable energy company, headquartered in Ahmedabad, India. It is majority-owned by Indian conglomerate Adani Group and minority-owned by TotalEnergies. The company operates the Kamuthi Solar Power Project, one of the largest solar photovoltaic plants in the world. Adani Green Energy’s Ambitious Investment Plan Adani …
Sanghi Industries Ltd. announced that its promoters, Ambuja Cements Ltd. and Ravi Sanghi, will sell up to a 3.52% stake in the company through an offer-for-sale (OFS) route. Ambuja Cements Ltd., an Adani Group company, plans to offload up to 60.9 lakh shares, representing 2.36% equity. Ravi Sanghi will offer up to 30 lakh shares …
VISHNU PRAKASH R PUNGLIA LIMITED is one of India’s fastest-growing Infrastructure Development Companies. Incorporated in 1986, Vishnu Prakash R Punglia Limited is engaged in the business of designing and constructing infrastructure projects for the Central and State Governments, autonomous bodies, and private bodies across 9 States and 1 Union territory in India. VPRPL receives Rs.273.1 …
On Wednesday, Indian equity benchmark indices retreated from higher levels, with the Nifty50 and Sensex trading down by 0.11% and 0.05%, respectively. The Bank Nifty also fell by 0.33%, trading below the 52,500 mark. Amidst this profit booking in the market, one stock that has hogged the limelight is India Cements. About the Company India …
