Agrika 
Rajasthan, October 5 (Meel Bijendra) – From humble origins, Bikaji embarked on an ambitious mission to grow and strengthen its business, leading the company to reach an unprecedented milestone in 2022 when it took the significant leap of going public. Take a glimpse of the captivating chapters that have shaped Bikaji’s remarkable journey so far: … Read more
Mumbai, September 25 (Meel Bijendra) – State Bank of India (SBI) has raised INR 10,000 crore through long-term infrastructure bonds at 7.49% coupon rate, and with this issue, SBI has a long-term bond outstanding of INR 39,718 crore. State Bank of India became the third lender and seventh Indian company to cross the market capitalization … Read more
Mumbai, September 19 (Meel Bijendra) – The Indian economy received a significant boost with the acceptance of digitalization by intermediaries across the value chain (consumers, suppliers, wholesalers/distributors), supported by better internet infrastructure and connectivity. India’s digital journey holds significant potential for growth, supported by the interest of large corporates to democratize data and serve stakeholders. … Read more
Mumbai, September 15 (Meel Bijendra) – Several developments over the past few years have helped shape India’s payments landscape, be it innovation in mobile payments infrastructure, continued regulatory support, or government initiatives to increase consumer and merchant acceptance. Given the growing shift towards a cashless economy and users’ preference for transactions via smartphones, mobile payments … Read more
Mumbai, September 12 (MeelBijendra) – Adani Wilmar is the market leader in India’s edible oil segment and ROCP (Refined Oil Consumer Pack) segment with over 19.5% market share through its brand portfolio. Adani Wilmar is involved in crushing and processing oilseeds to extract crude oil. Crude oil, obtained externally or internally through a crushing process, … Read more
Mumbai, September 10 (MeelBijendra) – India set ambitious targets to achieve energy independence by 2047 and reach net zero emissions by 2070. The key to achieving these goals lies in the widespread adoption of renewable energy across all sectors of the Indian economy. Of all the options that could facilitate this energy transition, green hydrogen … Read more
Mumbai, September 10 (MeelBijendra) – Tata Motors‘ passenger and electric vehicle business in India continues strong performance for the third consecutive year and recorded its highest-ever annual sales of approximately 5,41,000 vehicles in FY23 which is a growth of 45% compared to FY22. EV sales crossed the 50,000 annual sales milestone and accounted for 12% … Read more
NEW DELHI, August 20 (MeelBijendra) – Electric car industry in India is still in its nascent stage with 41,441 units being sold in the first few months of FY23 and electric vehicle sales in India are expected to register a strong growth rate in the coming decade. In India, 2,433 electric cars were sold in … Read more
Tejas Networks Limited today announced that it has executed a Master Contract for supply, support and annual maintenance services of its Radio Access Network (RAN) equipment for BSNL’s Pan-India 4G/5G network, with Tata Consultancy Services Limited (TCS). As a part of this contract, the Company received a Purchase Order from TCS for Rs 7,492 crore … Read more
India is the fifth largest economy in the world with a gross domestic product (GDP) of about US$3.5 trillion in 2022, despite a period of sustained economic growth interrupted by the COVID-19 pandemic. The largest country in the Indian subcontinent located in South Asia, India’s GDP declined by 7.3% in 2020 due to the stringent … Read more
MUMBAI, August 3 (MeelBijendra) – On Thursday 3rd August 2023 Ambuja Cements Limited formerly known as Gujarat Ambuja Cement Limited (GACL) announced that it has acquired 56.74% stake in Sanghi Industries Limited. Sanghi Industries is in the business of Cement manufacturing in India, established on 14th June 1985 and Sanghi Industries has a network of … Read more
MUMBAI, July 22 (MeelBijendra) – Paytm‘s parent One97 Communications Ltd on Friday released its Q1 FY24 results in which the company’s revenue grew by 39% YoY to INR 2,342 crore. In the previous quarter i.e. Q4 FY23, the company had a revenue of INR 2,152 crore (One 97 Communications has excluded UPI incentives of INR … Read more
Adani Green, the renewable energy arm of Adani Group, in its board meeting held on July 6, 2023, has approved a plan to raise ₹12,300 crore to finance green energy diversification. Tycoon Group’s renewable energy company will use the funds to diversify its green energy supply in India by selling shares through a qualified institutional … Read more
On Monday, June 5, Valiant Laboratories, a subsidiary of Valiant Organics, filed Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for approval of an Initial Public Offer (IPO) for a fresh issue of 1,15,56,000 equity shares. Also read: India’s Axis Bank executes first onshore INR non-deliverable derivative trade with … Read more
On 25 May 2023, the Board of Indian Multinational Project Engineering Company Praj Industries Limited gave its in-principle approval to form a joint venture with Indian Oil Corporation Limited. Read Also: Green Hydrogen Energy: India plans to produce 5 million tonnes of green hydrogen by 2030 Praj Industries Limited’s diversified portfolio includes Bio-energy solutions, High … Read more
India’s aviation sector is once again in the limelight after the Indian GoFirst airline filed for bankruptcy on Tuesday. On 2 May 2023, GoFirst Airline filed an application for resolution under Section 10 of the Insolvency and Bankruptcy Code with the National Company Law Tribunal (NCLT) in Delhi. GoFirst is India’s third-largest budget carrier airline, … Read more
On Tuesday 25 April, Nestlé India Limited, an Indian subsidiary of Swiss multinational company Nestle, released the results of the January-March quarter i.e. Q1 CY2023. Nestle India Limited recorded an increase of ₹ 736.64 crores in its net profit in quarter 1 of the current year 2023 (Q1 CY23) with an increase of 24.7% year-on-year. … Read more
Today HCL Tech announced its Q3 FY23 results after the market closed on Thursday. HCL Tech reported a 19.3% YoY growth in total income at Rs 26,960 crore in Q3 FY23 as against Rs 22,586 crore in the same quarter last year. HCL Tech reported a 18.9% YoY increase in total expenses to Rs 21,588 … Read more
HLE Glascoat Limited is a leading manufacturer of Glass Lined Equipment and Filtration & Drying Equipment. The company has a market share of up to 50% in Filtration & Drying Equipment and up to 25% in Glass Lined Equipment in India. HLE Glascoat Limited has approved an equity stock split of 10 for 2 at … Read more
On Monday 19 September, OYO filed an addendum to the Draft Red Herring Prospectus (DRHP) filed earlier for its initial public offering (IPO) in October 2021 with the Securities and Exchange Board of India (SEBI). OYO (formally Oravel Stays Limited) disclosed its latest financials in the IPO filing addendum in which OYO’s revenue stood at … Read more
Indian stock market touched a significant milestone of 10 crore Demat accounts in August 2022. A total of 22 lakh new Demat accounts were opened in the month of August. Now the total Demat account in India is 10,05,10,862 crores which is a new record for the Indian stock market. According to the National Securities … Read more
On Monday 15 August 2022, India gifted a Dornier-228 aircraft to strengthen Sri Lanka‘s maritime security. The Indian Air Force and Indian officials handed over the Dornier-228 Maritime Surveillance Reconnaissance Aircraft to the Sri Lankan Air Force base at Katunayake during a ceremony. Katunayake is a suburb of the city of Negombo in Sri Lanka, … Read more
India’s civil aviation ministry has announced that from August 31 2022 all fare caps on domestic airlines will be removed. The Indian government on 21 May 2020 had set minimum and maximum price bands for airfares based on flight duration during the coronavirus pandemic to control fares. Aviation Minister Jyotiraditya Scindia said that due to … Read more