The Indian semiconductor market is set to soar to USD 55 billion by 2026, driven primarily by growth in smartphones and wearables, automotive components, and computers and data storage, which together will make up over 60% of the market. India currently holds a 1% share of the global semiconductor trade and contributes 0.5% to global …
On August 28, 2024, Genus Power Infrastructures Limited announced that its wholly-owned subsidiary had received 3 Letters of Award (LOAs) worth a total of ₹4,469.04 crore (excluding taxes). These awards are for the role of Advanced Metering Infrastructure Service Providers (AMISPs). The projects involve designing an Advanced Metering Infrastructure (AMI) system and supplying, installing, and …
On August 28, 2024, Procter & Gamble Hygiene and Health Care Ltd shared its financial results for the fiscal year and quarter ending June 30, 2024. Despite facing a tough operating and competitive environment, the company reported sales of ₹4,192 crore, a 7% increase from the previous year. Innovation, premium products, and the expansion of …
Macrotech Developers Limited has announced that it has signed Share Purchase Agreements (SPAs) to acquire a 100% stake in Opexefi Services Private Limited and One Box Warehouse Private Limited. As a result, both Opexefi and One Box will become wholly owned subsidiaries of Macrotech. This acquisition is part of the company’s strategic plan to expand …
Maruti Suzuki, a major player in the automobile industry, has announced plans to launch 6 new electric vehicles by the 2030-31 fiscal year, with the first model coming out soon. The announcement was made at the company’s annual general meeting (AGM) on Tuesday, August 27, where Chairman RC Bhargava shared the company’s strategy to support …
On August 29, 2024, Biocon Ltd informed the stock exchanges that the company’s subsidiary Biocon Biologics Ltd (BBL) had signed a settlement and license agreement with Janssen Biotech Inc., Janssen Sciences Ireland, and Johnson & Johnson (collectively known as Janssen). This agreement allows Biocon Biologics to proceed with the commercialisation of Bmab 1200, a proposed …
On August 29, 2024, Tata Consultancy Services (TCS) announced that the company has extended its partnership with Primark, the renowned international fashion retailer operating across 17 countries in Europe and the US. The company stated that over the next 5 years, it will play an important role in transforming Primark’s technology operations to support the …
Lemon Tree Hotels Limited informed the stock exchanges that the company had signed a new property, Lemon Tree Hotel, in Ujjain, Madhya Pradesh. This strategic move marks an expansion into one of India’s most spiritually significant cities, with the property expected to open in FY 2027. Managed by Carnation Hotels Private Limited, a wholly-owned subsidiary …
Power Grid Corporation of India Limited (POWERGRID) has announced its successful acquisition of Bhadla-III Power Transmission Limited (BIIIPTL), following its selection as the successful bidder under a Tariff Based Competitive Bidding process. The acquisition, completed on August 28, 2024, involves BIIIPTL, the Special Purpose Vehicle (SPV) responsible for establishing the Additional Transmission System for the …
AGI Greenpac Limited informed the stock exchanges that on August 27, 2024, the company had incorporated a wholly owned subsidiary company, AGI Retail Private Limited. The new subsidiary has been established with an authorised share capital of ₹50,00,000, divided into 5,00,000 equity shares, each valued at ₹10. The paid-up share capital for AGI Retail Private …
