On June 24, 2024, MAS Financial Services announced the successful completion of a Qualified Institutional Placement (QIP) amounting to ₹500 crore, marking its first equity raise since its initial public offering (IPO) in 2017. The company stated that the QIP received an overwhelming response from investors, with demand surpassing the issue size multiple times over. …
CarTrade Tech is an online Indian platform that acts as a marketplace for buying/selling of new/old vehicles. The company operates a comprehensive automotive digital ecosystem, connecting various stakeholders such as automobile customers, OEMs, dealers, banks, and insurance companies. The company owns and operates several brands, including CarTrade, CarWale, and AutoBiz. Block Deal Shares of CarTrade …
On June 24, 2024, Infibeam Avenues Limited announced a strategic partnership with academic institutions to advance the adoption and growth of Artificial Intelligence (AI) in India, marking its second major initiative in this field. The company has signed a MoU (Memorandum of Understanding) with the Entrepreneurship Development Institute of India (EDII), Ahmedabad. This partnership strives …
JSW Energy Ltd and its subsidiaries are primarily engaged in the business of generation of power from its power assets located in Karnataka, Maharashtra, Nandyal, and Salboni. It is the holding company for the JSW group’s power business. The company also has a JV company engaged in mining activities and an associate engaged in the …
The Bank of Baroda, owned by the government, plans to increase its technology team from 1,500 employees to 3,000 over the next two years. This growth will involve hiring new employees through standard procedures and hiring specialised talent outside the organisation. Debadatta Chand, the bank’s managing director and CEO, shared this information in a recent …
Prestige Estate Projects is in the business of real estate development encompassing the development and construction of properties, and leasing of office and retail properties. The Company is maintaining a leadership position in Bengaluru and has a significant presence in Hyderabad and Chennai. It has also extended operations in recent years to Kochi, Mangalore, Goa, …
The Dutch government and Tata Steel are working on a deal to shift the company’s Ijmuiden plant in the Netherlands to producing steel with lower carbon emissions. Tata Steel’s chairman, N Chandrasekaran, mentioned in the company’s yearly report that talks with the Dutch government on this decarbonisation plan have begun. They plan to replace one …
Best Agrolife Limited announced a positive development for its subsidiary, Best Crop Science Private Limited. The subsidiary has secured a license from the Central Insecticides Board & Registration Committee (CIBRC) for indigenous manufacturing of Haloxyfop-R-methyl ester technical (96% w/w min). This herbicide holds significant importance in the agricultural sector. Haloxyfop-R-methyl ester is a post-emergence herbicide, …
On June 24, 2024, One 97 Communications (OCL), known for its brand Paytm, announced substantial growth in its travel segment. The company stated that this progress has been fueled by partnerships and innovative travel solutions. They collaborated with major global travel aggregators, including Google Flights, Wego and Skyscanner, underscoring their dedication to providing customers with …
Panacea Biotec Ltd informed in a stock exchange filing that through its material subsidiary, Panacea Biotec Pharma Ltd (PBPL) announced a significant step in expanding its global footprint by incorporating a wholly-owned subsidiary, Panacea Biotec Inc., in the state of Delaware, USA. This strategic move underscores Panacea Biotec’s ambition to establish a robust presence in …
