PC Jeweller Ltd has strengthened its capital structure with the allotment of 13.61 crore equity shares to non-promoter investors, including Mauritius-based Unico Global Opportunities Fund, following the conversion of 1.36 crore fully convertible warrants. The move, approved by the Board of Directors on September 10, 2025, reflects a…
Regulatory Action Optival Health Solutions, a subsidiary of MedPlus Health Services Ltd, has received suspension orders for drug licenses at two of its Telangana outlets. The suspensions were issued on September 8, 2025, by the Assistant Director of Drugs Control Administration, Secunderabad, under provisions of the Drugs and…
Project Details Sterling & Wilson Renewable Energy Ltd (SWREL) announced on Tuesday that it has secured a Letter of Award (LoA) worth about ₹415 crore from a leading private independent power producer (IPP). The contract covers the balance-of-system EPC package for a 300 MW (AC) / 420 MWp…
Overview CRISIL Limited has approved a $30 million credit facility for its wholly owned subsidiary, Crisil Irevna UK Limited. The move, formalized on September 9, 2025, is aimed at supporting the subsidiary’s general business needs and strategic initiatives. The facility can be drawn in multiple tranches, carries no…
Mumbai-based Sri Lotus Developers and Realty Limited has announced that it has been appointed as the developer for an ultra-luxury redevelopment project in Bandra West, near the iconic Bandstand Promenade. Project Highlights The company stated that the project is designed to redefine premium living in one of Mumbai’s…
Royal Enfield, the iconic mid-size motorcycle brand, has announced a price reduction of up to ₹22,000 across its 350cc range, following the recent GST rate rationalisation introduced by the government. The revised prices will take effect from September 22, 2025. Passing on GST Benefits The company confirmed that…
Why you should choose this fund? (source: hdfcfund.com) HDFC Diversified Equity All Cap Active FOF Mutual Fund HDFC Mutual Fund Scheme Name HDFC Diversified Equity All Cap Active FOF Objective of Scheme To generate long-term capital appreciation / income by investing in units of domestic equity-oriented schemes based…
Sumitomo Mitsui Banking Corporation (SMBC), one of Japan’s largest financial institutions, is preparing to pare down its holding in Kotak Mahindra Bank. The lender will offload a 1.65% stake via a block deal, estimated at around ₹6,166 crore, according to a CNBC-TV18 report. Deal Details The shares will…
Mamata Machinery Limited, a leading manufacturer in the flexible packaging machinery sector, has announced that it has secured a new USD 1.17 million export order for a 9-layer blown film plant from a customer in the UAE. This marks the company’s third consecutive order in this segment and…
The LNJ Bhilwara Group has completed the acquisition of Statkraft’s 49% minority stake in Malana Power Company Ltd (MPCL). With this deal, its subsidiary Bhilwara Energy Ltd now holds 100% ownership of the company. Assets Under the Deal The acquisition covers Statkraft’s holdings in: Malana Hydropower Plant (86…