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…
Following the government’s decision to revise Goods and Services Tax (GST) slabs last week, several auto companies have rolled out price cuts, fully transferring the benefit to customers. On Tuesday, major names including Bajaj Auto, Jaguar Land Rover, Volvo Cars, Jeep India, Honda Cars, and Yamaha Motor announced…
Cupid Signs term sheet to acquire a strategic stake in Mansam, a Saudi Arabian luxury fragrance brand founded in 2022. Bajaj Auto Announces full GST benefit will be passed on to customers, cutting prices by up to ₹20,000 on two-wheelers and ₹24,000 on three-wheelers. HEG Associate firm Bhilwara…
Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) continue to grow steadily in India, offering strong distributions and expanding portfolios, though retail investor participation remains low compared to global standards. Industry bodies emphasize that awareness programs and investor education are key to improving retail engagement. REITs…
GREW Solar, part of the Chiripal Group and a leading solar PV manufacturer, announced on Monday that it has raised ₹300 crore from a group of investors, including prominent investor Vijay Kedia and Rohit Kothari of GeeCee Holdings. Purpose of the Funding The company stated that the funds…
Infosys Finacle, the digital banking arm of EdgeVerve Systems, a wholly owned subsidiary of Infosys, has announced a successful deployment of its Finacle Digital Banking Solution Suite on a cloud-hosted model at PT Bank CTBC Indonesia. This move marks a significant milestone in the bank’s ongoing digital transformation…
John Cockerill India Limited, a leading player in the industrial equipment sector, has announced the securing of two major contracts valued at a combined ₹550 crore, underscoring its robust market positioning and expanding role in India’s industrial growth story. ₹500 Crore Contract Secured The company confirmed the award…
Sending money across borders is set to become faster, more affordable, and widely accessible, thanks to the launch of the UPI–UPU Integration project in Dubai. The initiative was unveiled by Union Minister for Communications Jyotiraditya M. Scindia at the 28th Universal Postal Congress, signaling a significant step in…
Glenmark Pharmaceuticals has announced that its wholly owned subsidiary, Ichnos Glenmark Innovation (IGI), has received an upfront payment of $700 million from US-based biopharma major AbbVie (NYSE: ABBV). The payment is part of the exclusive global licensing agreement signed between the two companies earlier this year. Details of…