Rainbow Children’s Medicare Limited, one of India’s prominent pediatric and perinatal healthcare providers, has posted impressive financial and operational results for the second quarter of FY24-25. With a remarkable 25.5% growth in revenue, the company achieved ₹4,174.6 million compared to ₹3,326.8 million in Q2 FY24. This leap was supported by consistent patient footfall and occupancy […]
Mahindra & Mahindra Ltd. (M&M) has officially inaugurated two cutting-edge development test facilities in Kanchipuram, Tamil Nadu, with a substantial investment of over ₹300 crores. The facilities, the Mahindra Passive Safety Lab (PSL) and the Battery & Cell Research Lab, aim to bolster the company’s commitment to enhancing automotive technology, particularly in the fields of […]
Vettaiyan, the much-anticipated action drama featuring Rajinikanth and Amitabh Bachchan, has experienced a notable surge in its box office collection on Day 10. The film, directed by TJ Gnanavel and released on October 10, 2024, witnessed a 38% increase in revenue, accumulating ₹4.25 crore across India. This rise comes as a relief after a few […]
In a landmark move that cements Bharat Forge’s position as a dominant player in the automotive components sector, the company announced its acquisition of AAM India Manufacturing Corporation Private Limited (AAMIMCPL), a leader in axle manufacturing for commercial vehicles. This deal is poised to accelerate Bharat Forge’s growth trajectory, expanding its footprint in the highly […]
Pondy Oxides and Chemicals Limited (POCL) has reported a 42% year-on-year increase in revenue to INR 1,024 crore for the half-year ended September 30, 2024. EBITDA rose by 75% to INR 53 crore, while Profit After Tax (PAT) surged 188% to INR 28 crore, highlighting the company’s robust financial performance. POCL, listed on the Bombay […]
In a tragic incident that shocked Tamil Nadu, the Mysuru-Darbhanga Bagmati Express collided with a stationary goods train near Chennai on Friday evening, injuring 19 people and derailing 13 coaches. The collision occurred at Kavaraipettai railway station in Tiruvallur district, roughly 50 kilometers from Chennai. According to officials, the passenger train entered a loop line, […]
Hyundai Motor India is gearing up to launch one of the most anticipated IPOs in recent memory, marking the first public issue by an automaker in India since Maruti Suzuki’s landmark listing in 2003. The Hyundai India IPO is set to open on October 15 and is expected to fetch up to ₹27,870 crore ($3 […]
Tata Technologies, a global leader in product engineering and digital services, has partnered with BMW Group to establish BMW TechWorks India, a Joint Venture (JV) aimed at advancing innovations in automotive software and digital transformation solutions for business IT. This collaboration is designed to scale rapidly, with a targeted workforce expansion into the thousands by […]
In a significant development for India’s booming flexible office space market, Dev Accelerator Limited (DevX), a company promoted by Dev Information Technology Limited, has filed its Draft Red Herring Prospectus (DRHP) for an Initial Public Offering (IPO). The IPO aims to raise fresh capital to fuel DevX’s expansion in the coworking sector, particularly in Tier […]
In a move that could reshape the digital transformation landscape, Saksoft Limited, a leading technology services provider, has announced its acquisition of Ceptes Software Private Limited. Ceptes Software, headquartered in Bengaluru, is recognized as a prominent expert in Salesforce services, with over 15 years of experience in delivering digital solutions powered by Salesforce’s vast ecosystem, […]