On August 12, 2024, Wipro Limited, a major technology services and consulting firm, announced that it is strengthening its partnership with Google Cloud to enhance the adoption of Google Cloud AI. Wipro is using Vertex AI and Gemini models to improve its services to clients by equipping its team with AI-powered tools. These tools aim …
On August 12, 2024, CRISIL announced that the Board of Directors of its wholly-owned subsidiary, CRISIL ESG Ratings and Analytics Limited, has approved the creation and subscription to a private company. CRISIL ESG Ratings and Analytics Limited is a step-down subsidiary of CRISIL Limited. The proposed entity, which may be named the “Association of ESG …
On August 12, 2024, Kotak Mahindra Bank Limited (the Bank) informed the stock exchanges about a significant development involving its wholly-owned subsidiaries, Sonata Finance Private Limited (Sonata) and BSS Microfinance Limited (BSS). The Board of Directors of both companies has approved a Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013. …
On August 13, 2024, Veefin Solutions Ltd announced a significant strategic move by the Veefin Group of Companies by acquiring 100% of Nityo Tech Pvt Ltd, the India-based arm of Nityo Infotech Singapore. Nityo Tech Pvt Ltd was acquired through one of its subsidiaries. This acquisition, the second by Veefin in two months, underscores its …
On August 12, 2024, Starlineps Enterprises Ltd announced a strategic investment of ₹2.5 million in CUR8 Ventures Private Limited (“CUR8”), valuing the company at ₹3 billion. This investment secures Starlineps a 100 basis point equity stake in CUR8, marking a significant move into the technology sector. The company stated that this investment in CUR8 offers …
Balrampur Chini Mills Limited (BCML), one of India’s largest integrated sugar manufacturing companies, announced its financial results for the first quarter ending June 30, 2024. Revenue from operations for this quarter stood at ₹1,421.60 crore, up from ₹1,389.62 crore in the same quarter last year, reflecting a growth of 2.3%. The EBITDA (excluding Other Income) …
DOMS Industries Limited has announced a significant strategic move with its decision to acquire a 51.77% stake in Uniclan Healthcare Private Limited. The investment, valued at up to ₹55.5 crore, involves DOMS purchasing 7,116,080 equity shares of Uniclan, each priced at ₹10. This acquisition, which requires regulatory approvals and the fulfilment of certain conditions, is …
Ester Industries Limited has announced its financial results for the quarter ended June 30, 2024. On a standalone basis, the company achieved a revenue of ₹244 crore in Q1 FY25, marking an 18.1% increase from ₹206 crore in Q1 FY24. The net loss reduced significantly, with a loss of ₹2 crore in Q1 FY25 compared …
NBCC (India) Ltd., a public sector construction company, announced yesterday that it has secured two new contracts collectively valued at approximately Rs.720 crore, marking a huge milestone in the company’s portfolio, further strengthening its position in the construction industry. New Orders Overview The first contract, valued at Rs.9.97 crore, has been awarded by the Institute …
Key Partnership for Naval Power Solutions Marine Electricals (India) Limited (MEIL) has made headlines by entering into a significant Memorandum of Understanding (MOU) with Cummins India Limited. This partnership aims to explore and develop mutually beneficial business opportunities, particularly focusing on the supply, commissioning, and after-sales services of Diesel Generator Sets and Integrated Propulsion and …
