Mahindra Lifespace Developers Ltd. has strengthened its presence in Mumbai’s premium real estate market after being selected as the preferred developer for a large-scale residential redevelopment project in Matunga. The project, spread across approximately 1.53 acres, carries an estimated gross development value of ₹1,010 crore. Positioned in one…
Sun Pharmaceutical Industries Ltd. has announced a major expansion move, with its wholly-owned subsidiary Sun Pharma Laboratories receiving board approval for a ₹3,000 crore investment to establish a new greenfield formulations manufacturing plant in Madhya Pradesh. The update was confirmed through a regulatory filing on Monday, highlighting the…
The Reserve Bank of India (RBI) has once again identified State Bank of India (SBI), HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs), according to an announcement made on December 2. The designation underscores the critical role these institutions play in the country’s financial stability…
Bansal WireReceived a demand order of ₹202 crore (including interest & penalty) from the Ghaziabad Tax Department relating to blocked/excess input tax credit. Bikaji FoodsSubscribed to 25,000 additional common stocks worth $250,000 of its U.S. arm, Bikaji USA. IRFCSigned an agreement with Sumitomo Mitsui Banking Corp to raise…
Bajaj Housing FinanceBajaj Finance to sell a 2% stake worth ₹1,740 crore at ₹96 per share — a 9.6% discount to the latest price; current holding 88.70%. Bharat DynamicsSecures ₹2,462 crore defence orders from the Indian Army. Hero MotoCorpNovember sales surge 31.5% YoY to 6.04 lakh units; scooters…
ICICI Bank has taken a major step to strengthen its pension fund operations after securing regulatory approval from the Reserve Bank of India (RBI) for acquiring 100% ownership of ICICI Prudential Pension Funds Management Company Limited (ICICI PFM). The move follows an earlier announcement made on July 19,…
Maharashtra Seamless, a prominent manufacturer of seamless pipes, has secured a Rs 2.17 billion order from the Oil and Natural Gas Corporation (ONGC), India’s leading oil and gas exploration company. This contract is expected to enhance the company’s revenue and strengthen its position in the energy sector supply…
Prostarm Infosystems is seeking shareholder approval to quintuple its borrowing limit from Rs 200 crore to Rs 1,000 crore, a 400% jump, as part of a broader plan to strengthen its financial flexibility and support growth initiatives. The company has issued a postal ballot notice detailing the proposed…
MIC Electronics Limited (MICEL) has secured a ₹1.5 crore contract from the Vijayawada Railway Division to implement IP-based Integrated Passenger Information Systems at ANV and YLM Railway Stations. The project encompasses design, supply, installation, testing, and commissioning, with a 12-month execution timeline. Contract Highlights Contract Value: ₹1,49,88,884.77 Scope…
Hindustan Unilever Limited (HUL) has announced the allotment of shares of Kwality Wall’s India Limited (KWIL) following the demerger of its ice cream business, as per filings with stock exchanges. The move provides existing HUL shareholders with direct ownership in the spun-off entity. Allotment Details Ratio: 1 KWIL…