On September 4, 2024, Fosfor, a part of LTIMindtree, a global company specialising in technology consulting and digital solutions, officially launched its Fosfor Decision Cloud, a platform integrated with Snowflake that combines modern data tools to improve decision-making and boost business results. To enhance its capabilities, the platform now includes Snowflake Partner Connect, Snowflake Technology …
On September 4, 2024, Lupin Limited, a global pharmaceutical company, announced the launch of its Mirabegron Extended-Release Tablets, 50 mg, in the United States. This product received approval from the U.S. Food and Drug Administration (U.S. FDA). The tablets are a generic version of Astellas Pharma’s Myrbetriq® Extended-Release Tablets, 50 mg. As of July 2024, …
Apollo Hospitals Enterprise has announced the incorporation of Apollo 24/7 Insurance Services Limited, a wholly-owned subsidiary of Apollo Healthco Limited, which itself is a wholly-owned subsidiary of Apollo Hospitals Enterprise. This new entity was officially registered on September 3, 2024, and will function as a wholly owned step-down subsidiary of Apollo Hospitals Enterprise. Apollo 24/7 …
Massive Block Deal: Max Financial Services On September 5th, a major transaction took place in Max Financial Services (MFSL), with approximately 1.5 crore shares, representing 4.3% of the company’s equity, changing hands in a significant block deal. The deal, valued at Rs 1,637 crore, remains shrouded in mystery as the official buyers and sellers have …
PNB Housing Finance, backed by Punjab National Bank, offers retail customers housing and non-housing loans, including individual home loans, loan against property, non-resident property loan, among others. The company has recently announced that on September 9, 2024, the company’s Board of Directors will consider a plan to issue Non-Convertible Debentures (NCDs) worth up to Rs.2,500 …
Founded in 1929 and headquartered in Chennai, India, Rane Holdings Limited (RHL) serves as the parent company of the Rane Group and holds its trademark rights.The company has recently received approval from the Competition Commission of India (CCI) to acquire the remaining 51% stake in its joint venture, Rane NSK Steering Systems Pvt. Ltd. (RNSS). …
Introduction: A Powerhouse Collaboration In a groundbreaking move, Allied Blenders and Distillers Limited (ABDL), India’s third-largest spirits company, has announced a strategic partnership with Bollywood superstar Ranveer Singh. This dynamic collaboration aims to redefine the luxury spirits market in India, combining ABDL’s expertise with Ranveer Singh’s star power and entrepreneurial flair. The New Venture: Blending …
Kalpataru Projects International Limited (KPIL) has announced a significant financial manoeuvre involving its wholly-owned subsidiary, Kalpataru Power Do Brasil Participações S.A. (KPBPSA) in Brazil. The Executive Committee of KPIL’s Board of Directors has approved the conversion of an outstanding loan granted to KPBPSA into equity shares. This decision was made during a board meeting held …
Epack Durable has entered into a strategic partnership with Symphony, a renowned air cooler brand, to serve as an original equipment manufacturer (OEM) for the production of air coolers. This collaboration marks a significant step for Epack Durable in diversifying its product portfolio and customer base. Ajay DD Singhania, Chief Executive and Managing Director of …
Reliance Industries Limited (RIL) has secured production-linked incentives (PLI) worth ₹3,620 crore for manufacturing advanced chemistry cell (ACC) batteries. This win comes as part of the Ministry of Heavy Industries’ (MHI) rebidding process, where RIL emerged as the top contender for 10 GWh of ACC production capacity. With this latest development, RIL now holds a …
