 "Indo National Ltd divests its 51% stake in Kineco Ltd for Rs 220 crore, shifting focus to aerospace and defence industries.")
Indo National Ltd, established in 1972, is a prominent manufacturer of dry-cell batteries in India, operating under the Nippo brand. Recently, the company announced its decision to sell its 51 percent stake in Kineco Ltd, a composites manufacturer, for Rs 220 crore. This move aims to fund new ventures in the aerospace and defense sectors, ...
 "PMEA Solar prepares for a dramatic IPO, seeking Rs 600 crore to expand manufacturing and repay debt amid soaring revenues.")
PMEA Solar Tech Solutions Ltd has filed for an initial public offering (IPO) with the Securities and Exchange Board of India (Sebi). The IPO aims to raise Rs 600 crore through a fresh issue, along with an offer to sell 11.24 million shares from existing promoters. The funds will be used for capital investments, including ...
 "SOM Distilleries launches India’s first twist-cap beer, aiming for Rs 1,600 crore sales and 15% market share by 2025.")
SOM Distilleries and Breweries, based in Bhopal, has launched its innovative twist-cap beer, “Woodpecker,” in Karnataka. This marks the debut of India’s first twist-cap beer, featuring two variants: Woodpecker Glide, a mild beer, and Woodpecker Crest, a stronger option. The beers are crafted using imported barley, Indian malts, and German hops, ensuring high quality and ...
 "Livpure aims for 1 million water service subscriptions, targeting Rs 900 crore revenue by scaling affordable clean water access.")
Livpure is set to revolutionize access to clean drinking water in India with its innovative water-as-a-service model. The company plans to achieve over one million subscriptions in the next four years, aiming for a revenue of around Rs 900 crore this fiscal year—a growth of 55-60% from last year. Currently, with a customer base of ...
 "Congress alleges Sebi Chairperson Madhabi Puri Buch traded sensitive securities worth ₹36.96 crore, sparking a dramatic conflict of interest scandal.")
The Congress party has intensified its criticism of Madhabi Puri Buch, the chairperson of the Securities and Exchange Board of India (Sebi), claiming she traded nearly Rs 36.96 crore in securities while in her position, potentially violating ethical codes. Congress leader Pavan Khera raised concerns about Buch’s investments in foreign funds, including several Chinese ETFs, ...
 "SpiceJet’s shareholders approve raising ₹3,000 crore amid financial struggles, grounding of aircraft, and legal battles as shares surge.")
SpiceJet has received approval from its shareholders to raise up to Rs 3,000 crore through the issuance of securities. The airline, which is facing significant challenges including financial issues, legal disputes, and a reduced fleet, aims to use these funds to meet its various obligations. In a recent regulatory filing, SpiceJet confirmed that the capital ...
Tamil Nadu Chief Minister M.K. Stalin has signed a Memorandum of Understanding with Rapid Global Business Solutions, Inc. (RGBSI) to set up a ₹100 crore electronics and telematics manufacturing facility in Hosur. This agreement was finalized during his visit to the United States, where he has been promoting investment opportunities. The MoU was signed in ...
 "Nazara invests ₹982 crore in Moonshine Technology, acquiring a significant stake in India’s leading online poker platform, PokerBaazi.")
Nazara Technologies has announced a significant investment of Rs 982 crore in Moonshine Technology, the parent company of India’s leading online poker platform, PokerBaazi. This deal includes Nazara acquiring a 47.7 percent stake in Moonshine for Rs 831.51 crore, which comprises both cash and a share swap. Additionally, Nazara plans to invest another Rs 150 ...
 "Eastman Auto & Power targets ₹10,000 crore turnover by 2025-26, driving growth through solar rooftop solutions and strategic leadership changes.")
Eastman Auto & Power Ltd, a provider of solar rooftop solutions, aims to reach a turnover of Rs 10,000 crore by 2025-26, significantly up from Rs 3,600 crore in 2023-24. The company plans to expand its renewable energy capacity while continuing to grow its Last Mile E-Mobility Solutions business. To support this ambitious goal, Eastman ...
 "House of Hiranandani plans a dramatic Rs 3,200 crore redevelopment of five aging housing societies in Mumbai, transforming urban living.")
House of Hiranandani is set to invest Rs 3,200 crore to redevelop five housing societies in Chembur, Mumbai, which will involve a total of 459 tenants. The redevelopment projects include Maitri Park and the Shrinagar Society. This initiative is part of the company’s broader plan to explore the redevelopment of aging structures in Mumbai, addressing ...
