BLS International Services Limited, a prominent tech-enabled service provider, has announced a major acquisition, solidifying its position as a leader in the citizenship and residency industry. On October 4, 2024, BLS completed the acquisition of Dubai-based Citizenship Invest for a staggering $31 million, fully funded through internal accruals. The acquisition is expected to further enhance […]
Ola Electric, India’s largest electric vehicle (EV) manufacturer, has unveiled its biggest-ever sale for the festive season—aptly named the ‘BOSS’ (Biggest Ola Season Sale). In a move aimed at accelerating electric vehicle adoption across the country, the company is offering its S1 electric scooter at an entry price of just ₹49,999. This unprecedented offer has […]
Patel Integrated Logistics Limited, a pioneer in the logistics and supply chain sector in India, has achieved remarkable success with its latest rights issue. The company has managed to raise Rs 9 crore, a figure that reflects an overwhelming oversubscription of 3.19 times the original offer. The rights issue, which closed on October 1, has […]
Dr. Reddy’s Laboratories, the Indian pharmaceutical giant, has solidified its European ambitions with a monumental $620 million investment in its Switzerland-based subsidiary, Dr. Reddy’s Laboratories SA. This strategic injection of capital is set to transform the company’s European footprint, further fueling its expansion into the lucrative consumer healthcare market. At the core of this investment […]
Alembic Pharmaceuticals Limited has achieved a major milestone in the pharmaceutical industry. On September 27, 2024, the company proudly announced that it received final approval from the United States Food and Drug Administration (USFDA) for its Paliperidone Extended-Release Tablets in strengths of 1.5 mg, 3 mg, 6 mg, and 9 mg. This approval marks a […]
Tamilnad Mercantile Bank, a stalwart in India’s banking sector, unveiled ambitious growth strategies during its 102nd Annual General Meeting (AGM) on September 27, 2024, held at its headquarters in Thoothukudi. The bank, which has a longstanding reputation as one of the country’s oldest private sector banks, announced its vision for a transformative future driven by […]
In an unprecedented financial success, the Dredging Corporation of India Limited (DCIL) has reported stellar financial performance during its 48th Annual General Meeting (AGM) held on September 27, 2024. With the ever-expanding maritime sector in India and growing demand for deeper ports, DCIL is primed for robust growth in the coming years. The state-owned company, […]
In a bold move that is set to redefine electric vehicle (EV) ownership, Ola Electric has unveiled its groundbreaking #HyperService campaign. This ambitious initiative aims to double the company’s service network from the current 500 centers to a staggering 1,000 by December 2024, ensuring unparalleled access to EV services across India. With EV ownership surging […]
In a major financial move, Inox Wind Limited, one of India’s leading wind energy solution providers, has signed a consortium agreement with a group of 10 banks, led by ICICI Bank. This agreement, totalling ₹2,200 crore, reflects the confidence of the banking community in Inox Wind’s financial strength. The company revealed that these limits, predominantly […]
Vodafone Idea Limited has closed a $3.6 billion deal with global network providers Nokia, Ericsson, and Samsung. The agreement represents the largest capital expenditure commitment by the telecom giant, paving the way for network upgrades and expansion across India. This deal is the first phase of Vodafone Idea’s broader $6.6 billion investment aimed at expanding […]