Gensol Engineering FY24 Revenue Surges 141% to Rs 960 Cr
Gensol Engineering, a leading player in the clean energy domain, has cemented its position as a powerhouse in the renewable energy sector with phenomenal financial results for the fiscal year ending March 31, 2024 (FY24). The company shattered its previous records by achieving a staggering Rs 960 crore (provisional and unaudited) in revenue, representing a […]
Sharekhan, Human Value Acquisition by Mirae Asset Approved
The Indian financial landscape witnessed a significant shift on April 2, 2024, with the Competition Commission of India (CCI) approving Mirae Asset’s acquisition of Sharekhan Ltd. and Human Value Developers Pvt. Ltd. in a deal valued at ₹3,000 crore (approximately USD $3.8 billion). This landmark deal marks Mirae Asset’s strategic expansion in the Indian market, […]
IndoEdge, MG Motor 8% Stake Deal Approved
The Indian electric vehicle (EV) market is experiencing a surge unlike anything seen before. With a Compound Annual Growth Rate (CAGR) of 30%, the market is forecast to reach a staggering valuation of $50 billion by 2030. To capitalize on this phenomenal growth, IndoEdge India Fund’s acquisition of an 8% stake in MG Motor India […]
India’s First 10GW: Adani Green’s Milestone
Adani Green Energy Limited (AGEL) has cemented its position as a frontrunner in India’s clean energy revolution by achieving a landmark accomplishment – surpassing a significant 10,000 megawatts (MW) of operational renewable energy capacity. This remarkable feat marks a pivotal step in India’s journey towards a sustainable future, significantly boosting the nation’s progress in clean […]
Lemonn: PeepalCo’s New Investor App
PeepalCo, the financial services powerhouse behind the popular crypto exchange CoinSwitch, is shaking things up in the Indian stock market (estimated at $3.5 trillion as of April 2024) with the launch of its new app, Lemonn. Announced on April 2nd, 2024, Lemonn caters specifically to first-time investors, aiming to bridge the knowledge gap and make […]
Zomato Receives ₹184 Cr Service Tax Penalty Notice
Online food delivery platform Zomato is locked in a tax battle with the Indian authorities. The company received a demand and penalty order for a staggering Rs 184 crore, a significant sum that they plan to vigorously contest. Service Tax and Penalty on Foreign Transactions The dispute centers on alleged non-payment of service tax between […]
Luminous Opens Solar Panel Factory in Uttarakhand
Luminous Power Technologies, a frontrunner in energy solutions, has cemented its commitment to a sustainable future with the grand opening of its technologically advanced solar panel manufacturing facility in Rudrapur, Uttarakhand. This momentous occasion, announced on March 28, 2024, marks a significant turning point for both the company and the Indian solar power landscape. A […]
Adani Bounces Back with Rapid Expansion Post Hindenburg
Fourteen months after facing serious accusations of accounting fraud and stock manipulation by Hindenburg Research, the Adani Group appears to be back on track. Recent developments indicate a renewed focus on rapid expansion, marked by a flurry of strategic investments across various sectors. Weathering the Hindenburg Storm In January 2023, Hindenburg Research released a report […]
Vikas Organics Wins ₹165M Order – Details Inside
In a significant development for the Indian specialty chemicals sector, Vikas Ecotech’s subsidiary Vikas Organics has secured its largest-ever export order, valued at approximately Rs 165 million (USD $2 million based on current exchange rates). This news comes just weeks after Vikas Ecotech’s strategic acquisition of Vikas Organics, a company specializing in plasticizer production, for […]
GOCL, Squarespace Collaborate on Kukatpally Land for ₹3,402
In a significant development for Hyderabad’s real estate market, Hinduja Group’s GOCL Corporation Limited (GOCL) announced a strategic pact with Squarespace Builders for the monetization of a massive land parcel in Kukatpally. The deal, valued at a staggering ₹3,402 crore, marks a major boost for GOCL’s asset portfolio and is expected to have a ripple […]