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 …
Founded in 1999, Waaree Renewables Technologies Ltd specializes in generating power through renewable energy sources and offers related consultancy services. As one of India’s largest vertically integrated new energy companies, Waaree Energy stands out for its impressive solar panel manufacturing capabilities. With a massive production capacity of 12 gigawatts (GW) across its facilities in Chikhli, …
On August 13, the Nifty 50 and Sensex were down by 0.85% and 0.87%, closing at 24,139 and 78,956, respectively. Top Gainers and Losers All sectors were in the green, except for Nifty Consumer Durables, Nifty Mid-Small Healthcare, and Nifty Healthcare Index, which showed gains. On the other hand, Nifty Financial Services, Nifty Financial Services …
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 …
