Satin Creditcare Network Limited (SCNL) has announced the formation of a new wholly-owned subsidiary, Satin Technologies Limited (STL). Leveraging its expertise in technology, SCNL is strategically positioning itself at the cutting edge of innovation in financial services and beyond. The company stated that Satin Technologies will function as an independent entity, providing it with the …
Karnataka Bank Ltd has announced the launch of its Credit Line on UPI, a groundbreaking initiative by the National Payments Corporation of India (NPCI). In partnership with Navi, Karnataka Bank is among the first to adopt this innovative credit product. Currently available to a select group of pre-qualified users, the Credit Line on UPI will …
Muthoot Finance Limited announced its financial results for the quarter ended June 30, 2024 (Q1 FY 2025). The company achieved its highest-ever Consolidated Loan Assets Under Management (AUM) at ₹98,048 crores as of June 30, 2024, reflecting a historic year-on-year (YoY) growth of ₹21,249 crores, up by 28%. Consolidated Profit after Tax also reached an …
HEG Limited, a leading player in the electrodes and refractories industry, has taken a significant step by declaring its first-ever stock split. This move is intended to make the company’s shares more accessible to retail investors and to improve the liquidity of its equity shares. Established in 1977, HEG has grown to become the largest …
Thomas Cook (India) informed the stock exchanges about the opening of the latest resort, Sterling Banashree Badami, through its wholly-owned subsidiary, Sterling Holiday Resorts Limited. Sterling Banashree Badami is a charming resort located in the historic city of Badami, Karnataka. This new property enhances Sterling’s expansive portfolio of over 50 resorts across India, offering a …
FSN E-Commerce Ventures, the parent company of Nykaa, recently announced a strategic increase in its stake in Dot & Key, enhancing its existing majority share from 51% to 90%. This acquisition involves a substantial investment of ₹265 crore, reflecting Nykaa’s confidence in the long-term potential and performance of Dot & Key, a prominent skincare brand. …
The Indian Railway Catering and Tourism Corporation Limited (IRCTC) and the National Capital Region Transport Corporation (NCRTC) signed a Memorandum of Understanding (MoU) to improve passenger travel through the ‘One India – One Ticket’ initiative. This collaboration will allow passengers to book NCRTC QR code-based tickets seamlessly when purchasing online tickets through the IRCTC platform …
On August 13, 2024, Ramkrishna Forgings Limited announced that it had successfully acquired 100% equity shares of Resortes Libertad S.A. de C.V., a Mexican company. As of August 13, 2024, Resortes Libertad S.A. de C.V. is now a wholly-owned subsidiary of the Company. The target entity, Resortes Libertad, S.A. de C.V., has a paid-up share …
On August 13, 2024, Alembic Pharmaceuticals announced it had received final approval from the US FDA for its Dabigatran Etexilate Capsules, 110 mg. This approval allows Alembic to market a generic version of Boehringer Ingelheim’s Pradaxa Capsules, 110 mg. These capsules are used to reduce the risk of pulmonary embolism and deep vein thrombosis after …
On August 13, 2024, IntellectAI, part of Intellect Design Arena Ltd, introduced Purple Fabric, a new platform designed to speed up the use of AI in financial institutions. Built on the advanced eMACH.ai platform, Purple Fabric moves beyond simple automation to provide connected intelligence, helping financial institutions make a significant business impact. While AI was …
