NTPC is India’s largest energy company, founded in 1975 to expedite power development in the country. Over the years, it has emerged as a leading player in the power sector, operating across the entire power generation value chain. State-owned power giant NTPC will seek shareholder approval to raise up to Rs 12,000 crore through the …
L&T Finance Ltd. has officially received its certificate of registration as a Non-Banking Financial Company (Investment and Credit Company) from the Reserve Bank of India (RBI) as of August 2. This transition marks a shift from its previous registration as an NBFC-Core Investment Company (NBFC-CIC), following the merger with its wholly owned subsidiaries, L&T Finance, …
Blue Star Limited announced its financial results for Q1 FY 2025, reporting a 28.7% growth in consolidated revenue. The company’s Revenue from Operations rose significantly by 28.7% to ₹2,865.37 crore for the quarter ended June 30, 2024, compared to ₹2,226.00 crore during the same period in the previous year. The Operating Profit (EBITDA excluding Other …
On August 06, 2024, the benchmark indices Nifty 50 was down 0.26% to close at 23,992.55, and Sensex was down 0.21% to close at 78,593.07. Top Gainers and Losers On the sectoral front, Nifty Realty, Nifty IT, Nifty Metal, and Nifty Media gained, while Nifty Financial Services 25/50, Nifty PSU Bank, Nifty Financial Services, and …
Muthoot Capital Services Limited (MCSL), a dynamic Non-Banking Finance Company (NBFC) and a cornerstone of the 137-year-old Muthoot Pappachan Group, is accelerating its commitment to sustainable mobility. The company has secured a significant ₹100 crore debt funding partnership with a UK-based Development Financial Institution (DFI), facilitated by Axis Bank. This investment will fuel MCSL’s electric …
On August 06, 2024, Absolute Sports, a subsidiary of Nazara Technologies and the parent company of Sportskeeda.com, ProFootballNetwork.com, and SoapCentral.com, announced an agreement to purchase the assets of DeltiasGaming.com. DeltiasGaming.com is a leading source of gaming and esports content in the US. The deal, valued at $9,00,000 (~₹7.5 crore), will be paid in one or …
On August 6, 2024, NovaLead’s patented repurposed drug was approved by CDSCO for treating Diabetic Foot Ulcer (DFU) in the Indian market. Ipca Laboratories Ltd will market the drug under the brand name Diulcus. The approval is based on a Phase III study showing that NovaLead’s patented drug, Diulcus®, helps close Diabetic Foot Ulcers (DFUs) …
On August 6, 2024, Tata Elxsi Limited announced a strategic partnership with Skanray, a prominent global MedTech company specialising in diagnostic imaging, critical care, and surgical solutions. This collaboration is set to enhance surgical imaging core technology and software platform development, aiming to revolutionise diagnosis and treatment by incorporating advanced technology modules for greater predictability, …
The state-owned Power Finance Corporation Ltd. (PFC) is under scrutiny as independent directors have raised corporate governance concerns regarding a major loan approved for the Shapoorji Pallonji Group (SP Group) which is expected to be a focal point in the PFC board meeting on August 6. Loan Details & Concerns PFC recently sanctioned a Rs.20,000 …
Aurobindo Pharma Ltd. announced that the US Food and Drug Administration (FDA) has classified its Unit II formulation manufacturing facility, operated by Eugia Pharma Specialities, as ‘Official Action Indicated’ (OAI) following an inspection. The inspection took place from April 25 to May 3, 2024, at the Bhiwadi facility in Alwar, Rajasthan. Implications of OAI Classification …
