On May 6, 2024, Oberoi Realty informed the stock exchanges that the company had entered into a Development Agreement to develop land and redevelop a large housing society spread over approximately 12,790 square meters in the Adarsh Nagar area of Worli, Mumbai. The company stated that the land parcel is leased to Maharashtra Housing and …
On May 7, 2024, Redington Limited informed the stock exchanges that the company’s step-down subsidiary Arena Bilgisayar Sanayi Ve Ticaret A.S, Turkey (Arena ), signed a definitive agreement with Iyzi Payment and Electronic Money Services Inc, Turkey (Iyzico). The agreement is to sell 100% of the equity held by Arena in its wholly-owned subsidiary, Paynet …
Lupin Ltd. is an Indian Multinational pharmaceutical company based in Mumbai, It is one of the largest generic pharmaceutical companies in terms of revenue. It has a presence across research, manufacturing and marketing of formulations and APIs. The key focus areas for the company include paediatrics, cardiovascular,anti-infectives, asthma, diabetology and anti-tuberculosis. The company recently reported …
As a subsidiary of Hindalco Industries Limited, a leading player in the aluminium and copper industries since 2007, Novelis benefits from being part of the Aditya Birla Group. Novelis is the leading provider of rolled aluminium products worldwide, catering to various industries such as beverage cans, automotive, architecture, and electronics. The acquisition aimed to enhance …
The Indian stock markets started off on a positive note but soon slipped into negative territory as profit booking emerged at higher levels. The National Stock Exchange (NSE) benchmark Nifty 50 index fell below the 22,400 mark, down by 0.28%. Most sectors were trading in red, with only the Nifty FMCG sector showing gains, up …
Top Fast Moving Consumer Goods companies like Britannia, Nestle and Colgate would be impacted by the restrictions from the Plastic Waste Management norms, as this might lead to an increase in packaging costs for these FMCG Companies. How will Plastic Waste Management norms impact these companies? India is one the leading plastic waste generators in …
Overview of SEBI’s Order The Securities and Exchange Board of India (SEBI) has taken decisive action against 12 entities, including Add-Shop E-Retail, a listed firm, and several members of its promoter-management team. This order prohibits them from participating in the securities market due to serious allegations of financial manipulation. The Root of the Problem: Fictitious …
On May 7, 2024, Tata Communications introduced Tata Communications CloudLyte, a fully automated edge computing platform. This new platform is designed to empower future-ready companies to thrive in a data-driven world. The company stated that real-time data processing, intelligent decision-making, and low-latency applications are crucial in an era of hyperconnectivity and the rising adoption of …
On May 6, 2024, Gujarat Fluorochemicals Limited (GFL), a leading Indian manufacturer of fluorochemicals and speciality chemicals, announced a strategic move to acquire the remaining 0.60% stake in IGREL Mahidad Limited (IGREL). This acquisition will solidify IGREL’s position as a wholly-owned subsidiary of GFL. Strengthening Control and Aligning Strategies By acquiring the outstanding shares, GFL …
On Tuesday, the benchmark indices were trading in the red with the Sensex down around 500 points or 0.68% at 73,392, while the Nifty-50 was down around 158 points or 0.70% at 22,285. About 1,138 shares have advanced; 2,440 declined and 144 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
