Muthoot Finance Ltd., India’s largest pureplay gold loan non-banking finance company (NBFC), has completed a fresh equity infusion of ₹200 crore into its wholly owned housing finance subsidiary Muthoot Homefin (India) Ltd. Capital Infusion Details According to the company’s exchange filing, Muthoot Homefin has allotted 2.67 crore equity…
Mumbai, September 11, 2025: In a strategic move aimed at consolidating its presence in the paints and coatings industry, Astral Limited has announced the acquisition of the remaining 20% stake in its subsidiary, Astral Coatings Private Limited, for Rs. 75 crore. With this transaction, Astral Coatings becomes a…
Torrent Pharmaceuticals Ltd., one of India’s leading pharma majors, has announced plans to acquire a 26% equity stake in its group entity Torrent Urja 27 Pvt. Ltd., which is setting up a captive hybrid renewable power project in Gujarat. The investment underscores the company’s focus on sustainable energy…
Rajoo Engineers Limited, a leading name in the machinery manufacturing space, has entered into a Definitive Agreement to acquire an undisclosed entity in the sector. The move underscores the company’s ambition to expand its market footprint and enhance its ability to deliver comprehensive, end-to-end solutions. The transaction, structured…
Defence and commercial explosives manufacturer Premier Explosives Ltd. has announced that it has received an order worth ₹7.83 crore from the Ministry of Defence (MoD) for the supply of Counter Measures. According to the company’s exchange filing, the project has an estimated completion timeline of 12 months. This…
Tata Elxsi, a leading global design and technology services company, has announced the inauguration of the Bayer Development Centre in Radiology at its Pune campus. The centre, set up in collaboration with Bayer, a global leader in radiology solutions, marks a major step in co-developing advanced medical devices…
In a significant regulatory move aimed at deepening India’s private capital market ecosystem, the Securities and Exchange Board of India (SEBI) has introduced new guidelines allowing Alternative Investment Funds (AIFs) to extend co-investment opportunities to investors through a structured framework. This change, effective immediately, is expected to simplify…
Reliance Industries Limited (RIL), India’s largest conglomerate, has officially launched a new subsidiary, Reliance Intelligence Limited, as part of its ambitious drive into Artificial Intelligence (AI). The announcement was made on September 10, 2025, through a stock exchange filing. According to the disclosure, the company received its certificate…
Garden Reach Shipbuilders & Engineers (GRSE) Ltd, a leading defence public sector undertaking (PSU), has announced a final dividend of ₹4.90 per share for FY25. The company has fixed September 12, 2025, as the record date to determine the eligibility of shareholders for this payout. The dividend, once…
India’s automobile industry is set to witness record-breaking festive season sales, with volumes expected to exceed 5.2 million units during the 42-day festive window starting September 22 (Navratri) and ending 15 days after Dhanteras. This surge will mark a 20% year-on-year growth, compared to 4.28 million units sold…