Company

Global footprint: Asian Paints has the largest distribution and retail network in the Indian paint industry

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Asian Paints logo

Mumbai, October 5 (Meel Bijendra) – Asian Paints operates in emerging economies through its seven corporate brands, viz Asian Paints, Apco Coatings, Asian Paints Berger, Asian Paints Causeway, SCIB Paints, Taubmans, and Kadisco Asian Paints. From manufacturing locations to retail outlets, Asian Paints has the largest distribution and retail network in the Indian paint industry. … Read more

Wipro embarks on a transformational journey by becoming an AI-first organization

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Wipro logo

Mumbai, October 5 (Meel Bijendra) – With a clear vision, Wipro aims to leverage AI to revolutionize industries and drive innovation at every level, setting a new benchmark for intelligent enterprises around the world. Through Wipro’s commitment to AI, the company is set to shape the future and redefine the possibilities of technology. Investing in … Read more

Bikaji’s Journey: Take a turn back to the 1980s when Bikaji took its initial steps in the vibrant city of Bikaner

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Bikaji products are kept for sale in a store in Mumbai

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

ICICI Bank’s retail credit card spend rises 60% in FY2023 compared to last year

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ICICI Bank logo

New Delhi, October 5 (Meel Bijendra) – More than 28 million users on iMobile Pay: iMobile Pay, ICICI Bank’s mobile banking application, has more than 28 million users. The total value of transactions done through this app stood at close to INR 9,000 billion in fiscal 2023. Over 1.5 million users on InstaBIZ: ICICI Bank … Read more

Hindalco signs MoU with Odisha Mining Corporation for bauxite ore supply to alumina refinery and power plant at Kansariguda

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Hindalco Industries logo

Mumbai, October 5 (Meel Bijendra) – Indian aluminum and copper manufacturing company Hindalco Industries Ltd has signed a Memorandum of Understanding (MoU) with Odisha Mining Corporation for long-term supply of bauxite ore for the proposed 2 million tonne alumina refinery and 150 MW captive power plant at Kansariguda in Rayagada district. This will be the … Read more

Kotak’s consolidated asset base stood at INR 6.2 trillion as of 31st March 2023 with market capitalization of INR 3.4 trillion

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Kotak Mahindra Bank logo

Mumbai, October 1 (MeelBijendra) – Kotak is one of India’s leading diversified and integrated financial services conglomerates, providing a wide range of financial solutions, covering banking (consumer, commercial and corporate), credit and financing, asset management, alternate assets, life and general insurance, stock broking, investment banking, private banking, microfinance and asset reconstruction across customer and geographic … Read more

Indian restaurant aggregator Zomato spun off Chile-based wholly-owned subsidiary Zomato Chile SPA with effect from September 29

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Zomato logo

Gurugram, October 1 (Meel Bijendra) – Indian multinational restaurant aggregator and food delivery company Zomato has spun off its wholly owned subsidiary Zomato Chile SPA (ZM Chile) based in Chile with effect from September 29, 2023. Zomato was founded in 2008 by Deepinder Goyal and Pankaj Chaddah and became a public company in July 2021, … Read more

SBI raises INR 10,000 crore through long-term infrastructure bonds at 7.49% coupon rate

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State Bank of India logo

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

Bank of Baroda’s total deposits increased by 15.1% YoY to INR 12,03,688 crore during FY 2023

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Bank of Baroda logo

Gujarat, September 24 (Meel Bijendra) – The total deposits of Bank of Baroda increased to INR 12,03,688 crore during FY 2023 from INR 10,45,939 crore during FY 2022, registering a growth of 15.1% on an annual basis. Bank of Baroda is the second largest public sector bank in India after State Bank of India with … Read more

Eversource partners with TCS to help build distributed solar power capacity within its grid by purchasing power from residential, industrial & commercial customers

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TCS logo

New Delhi, September 16 (Meel Bijendra) – Energy utilities are leading the world’s energy transition, investing in renewable energy sources as part of their journey to carbon neutrality. Leaders in the sector are innovatively using technology to attract environmentally conscious consumers looking for green alternatives and to grow their new clean energy businesses. Eversource Energy … Read more

IndiGo ranks 7th largest in the world in terms of daily departures in FY23 with 1800+ flights covering 104 destinations with its fleet of 304 aircraft

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An IndiGo Airlines Airbus A320 aircraft takes off in Chhatrapati Shivaji Maharaj International Airport Mumbai

Mumbai, September 14 (MeelBijendra) – IndiGo’s journey began almost 17 years ago with an aircraft and a flight to Imphal via Guwahati. At the end of FY2023, IndiGo operated over 1800 daily flights covering 104 destinations with its fleet of 304 aircraft. IndiGo’s achievement of this objective has given the company a place of reckoning … Read more

ACC Limited commences commercial production of clinker at its new state-of-the-art Ametha Cement Plant located in the heart of Katni district of Madhya Pradesh

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share price on the screen

Madhya Pradesh, September 14 (MeelBijendra) – ACC Limited, India’s leading producer of cement and ready-mix concrete, on Thursday announced the commencement of commercial production of clinker at its new state-of-the-art Ametha Cement Plant located in the heart of Katni district of Madhya Pradesh, India. Adani Group-led ACC Ltd’s Ametha Integrated Cement Plant has a clinker … Read more

Mahindra will invest INR 10,000 crore over a period of 7-8 years through its subsidiaries to accelerate the EV segment

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Mahindra logo installed outside a showroom in Ahmedabad

Gujarat, September 10 (MeelBijendra) – Mahindra has announced to invest INR 10,000 crore over a period of 7-8 years through its subsidiaries to accelerate the electric vehicles (EV) segment. These investments will be for setting up the manufacturing facility, development and production of Mahindra’s upcoming electric vehicles. The company strengthened its vision by setting up … Read more

Bikaji became the leading manufacturer of Bhujia and the second-largest producer of handmade papad

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Bikaji products are kept for sale in a store in Mumbai

Mumbai, September 10 (MeelBijendra) – Bikaji’s flagship product Bikaneri Bhujia has given the company recognition across borders and Bikaji is now the leading manufacturer of Bikaji Bhujia and the second-largest producer of handmade papad. Bikaji truly embarked on a remarkable journey in the early 90s and has established Bikaji as India’s favorite snacking partner. On … Read more

Tejas Networks executes INR 7,492 crore master contract with TCS to supply its Radio Access Network equipment for BSNL’s pan-India 4G/5G network

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share price on the screen

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

Deloitte resigns as auditor of Adani Ports on Aug 12; Adani Ports says grounds advanced for resignation as statutory auditor not convincing or sufficient for such move

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Indian billionaire Gautam Adani addresses delegates during the Business Summit in Kolkata

MUMBAI, Aug 12 (MeelBijendra) – Deloitte on Saturday resigned as auditor of Adani Ports and Special Economic Zone Limited (APSEZ), India’s largest private port operator and logistics major, amid concerns of an allegation by US-based short-seller Hindenburg Research. On 24 January 2023, US-based short-seller Hindenburg Research disclosed the findings of its 2-year investigation, alleging that … Read more

Adani Energy Solutions gets financial closure of $1 billion project to supply renewable HVDC transmission power in Mumbai

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Indian billionaire Gautam Adani addresses delegates during the Business Summit in Kolkata

MUMBAI, August 7 (MeelBijendra) – On Monday, Adani Energy Solutions Limited (AESL), the transmission and distribution business arm of Adani Group, has got the financial closure for a $1 billion project to supply renewable energy in Mumbai, India. Indian conglomerate Adani is the only private player to install High Voltage Direct Current (HVDC) links in … Read more

Resilient Asset Management B.V. enters into agreement to buy 10.30% stake in Paytm from Antfin (Netherlands) Holding B.V. for $628 million

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The Paytm logo is pasted on a wall at Paytm's office in Delhi

MUMBAI, Aug 7 (MeelBijendra) – Paytm Founder and CEO Vijay Shekhar Sharma on Monday executed an agreement to buy 10.30% shareholding in Paytm from Antfin (Netherlands) Holding B.V through its 100% owned overseas entity Resilient Asset Management B.V. Based on the closing share price of the company on Friday, August 4, 2023, Vijay Shekhar Sharma-owned … Read more

Cipla’s manufacturing facility at Pithampur, Indore receives “Official Action Indicated” classification from U.S. FDA for not meeting regulatory requirements; OAI status may delay/hold product pending approval

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Pharmaceutical tablets and capsules are arranged on table in photo illustration

BENGALURU, Aug 5 (MeelBijendra) – Late on Saturday night, Indian drugmaker Cipla received an ‘Official Action Indicated’ (OAI) classification from the United States Food and Drug Administration’s (USFDA) inspection carried out in February 2023 at Cipla’s manufacturing facility in Pithampur, Indore. The United States Food and Drug Administration (USFDA), an agency of the United States … Read more

Ambuja Cements acquires 56.74% stake in Sanghi Industries at an enterprise value of INR 5000 crore and open offer for acquisition of additional 26% stake

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Indian billionaire Gautam Adani addresses delegates during the Business Summit in Kolkata

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

Lupin receives tentative approval from US-FDA for Dolutegravir Lamivudine and Tenofovir Alafenamide Tablets under US-PEPFAR; Product to be manufactured at Nagpur facility

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Pharmaceutical tablets and capsules are arranged on table in photo illustration

MUMBAI, July 21 (MeelBijendra) – On Friday, Lupin Limited an Indian multinational pharmaceutical company based in Mumbai announced that it has received tentative approval from the United States Food and Drug Administration (US FDA) under the US President’s Emergency Plan for AIDS Relief (PEPFAR) for its New Drug Application for Dolutegravir Lamivudine and Tenofovir Alafenamide … Read more

Paytm’s quarterly revenue up 39% on increased loan demand; ₹359 crore YoY improvement in EBITDA before ESOP

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The Paytm logo is pasted on a wall at Paytm's office in Delhi

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

FSN E-Commerce Ventures: Nykaa’s Business Model and Financials Explained; Overview of Beauty & Personal care industry

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Beauty products by Nykaa, an Indian beauty products retailer, are seen for sale in a store at a mall in New Delhi

Nykaa is one of India’s leading beauty and fashion omnichannel players with a total of 154 retail stores across 60 cities in India and a customer base of 24 million by the end of March 31, 2023. India’s FSN E-Commerce Ventures Limited is the parent of Nykaa, a cosmetics-to-fashion retailer that sells beauty, wellness, and … Read more

India’s Zydus Lifesciences receives Final Clearance from US-FDA for Esomeprazole; Product will be manufactured at Moraiya facility

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Pharmaceutical tablets and capsules are arranged on table in photo illustration

On Thursday, June 8, Indian pharmaceutical company Zydus Lifesciences Limited received final approval from the United States Food and Drug Administration (USFDA) for Esomeprazole Magnesium for Delayed-Release Oral Suspension 20 mg and 40 mg. Read Also: Cipla signs binding term sheet to sell its entire stake in Saba Investments; Deal worth US$6.50 million Zydus Lifesciences … Read more

India’s Axis Bank executes first onshore INR non-deliverable derivative trade with a South-based domestic corporate client following RBI directives

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A customer enters a branch of Axis Bank in Mumbai

India’s third largest private sector lender Axis Bank announced on June 8 that Axis Bank has executed its first onshore INR non-deliverable derivative trade with a large domestic corporate client based in the South within the guidelines of the Central Bank. Read Also: Axis Bank acquires Citibank’s Indian retail consumer business for $1.6 billion The … Read more