IIFL Samasta Finance Limited is launching its Tranche II of secured, redeemable, non-convertible debentures (Secured NCDs) from June 3, 2024, to June 14, 2024. The issue size for this tranche is Rs 1,000 crores, with a base issue size of Rs 200 crores and an oversubscription option of Rs 800 crores. The total shelf issue …
Corporate earnings exhibited robust performance in Q4 FY 2024, with broad-based outperformance across various sectors. The strong gains were primarily fueled by domestic cyclicals such as automobiles, financials, healthcare, capital goods, and cement industries. However, global cyclicals such as metals and oil & gas sectors weighed down profitability. The Nifty 50 achieved impressive results, with …
On June 3, 2024, Cupid Ltd announced in an exchange filing the initiation of a strategic foray into the Indian market by launching its distribution network for Rapid In Vitro Diagnostic (IVD) kits. This step forms a vital part of Cupid’s broader strategy to enhance its footprint in the global IVD market. Cupid Limited has …
Reliance Infrastructure Limited (RInfra) announced a strategic move to bolster its digital capabilities through the incorporation of a new subsidiary, Reliance Unlimit Private Limited (RUPL). This wholly-owned subsidiary of Reliance Energy Limited (REL), another RInfra subsidiary, positions Reliance to leverage advanced IT solutions and infrastructure for enhanced business operations. Fostering Business Growth Through Technology RUPL’s …
Techno Electric & Engineering Company (TEEC) announced the successful acquisition of M/s. NERES XVI Power Transmission Limited (NERES XVI PTL) on May 30, 2024. This strategic move significantly bolsters TEEC’s presence in the Indian power transmission sector. Competitive Bidding Secures Project Following a rigorous and transparent process, TEEC emerged as the winning bidder for the …
Cricket fever is gripping the nation, and Bharti Airtel (Airtel), India’s leading telecommunications provider, is ensuring its customers don’t miss a single moment of the action. Airtel has unveiled a comprehensive suite of special packs designed to deliver an uninterrupted and exhilarating viewing experience for the World’s Biggest T20 Cricket Tournament. Unbeatable Value for Prepaid …
Manganese Ore India Limited (MOIL), a leading Indian producer of manganese ore, has announced a string of impressive achievements for the month of May 2024 and the cumulative period of April-May 2024. This stellar performance underscores MOIL’s strong operational efficiency and strategic positioning within the global manganese ore market. Sales Hit New High In a …
On June 3, 2024, Xpro India Limited informed the stock exchanges that the company had incorporated a subsidiary, namely Xpro Dielectric Films FZ-LLC, in the Emirate of Ras Al Khaimah, United Arab Emirates. Details of the Newly Incorporated Company The newly incorporated subsidiary is a Free Zone Limited Liability Company. Xpro Dielectric Films FZ-LLC will …
On June 3, 2024, Adani Enterprises informed in an exchange filing that the board of directors of Stratatech Mineral Resources Private Limited (SMRPL), a wholly-owned subsidiary of the Company, has approved a proposed Scheme of Amalgamation (Scheme) under sections 230 to 232 and other applicable provisions of the Companies Act, 2013, along with the associated …
On June 3, 2024, Punjab National Bank (PNB) and India Infrastructure Finance Company Ltd (IIFCL) signed an agreement to offer long-term financial assistance to viable infrastructure projects. This collaboration aims to jointly fund infrastructure projects through a consortium or multiple lending arrangements, with both parties participating, pending thorough due diligence on a case-by-case basis. The …
