Piramal Alternatives Invests Rs 110 Cr in Biodeal Pharma
India’s booming pharmaceutical sector, valued at a staggering $78 billion , has attracted the attention of Piramal Alternatives, the alternative investment arm of Piramal Enterprises. In a recent move, Piramal Alternatives announced a significant investment of Rs 110 crore in Biodeal Pharmaceuticals, a Noida-based CDMO specializing in nasal sprays and nutraceuticals. Investment Boosts Biodeal’s Infrastructure […]
Adani Gas, MG Motor Partner for EV Charging
India’s electric vehicle (EV) sector is poised for a major leap forward with the collaboration between Adani Gas’s subsidiary, Adani TotalEnergies E-Mobility (ATEL), and MG Motor India. This strategic partnership aims to bridge the critical gap in EV charging infrastructure, a critical factor hindering widespread EV adoption. According to a recent report by the Society […]
NTPC Targets 40M MT Coal Production FY25
State-owned power giant NTPC has set its sights on a significant boost in coal production from its captive mines. The company has unveiled an ambitious target of producing 40 million metric tonnes (MMT) of coal in the upcoming financial year 2024-25 (FY25). This aggressive target represents a substantial 17% year-on-year growth, marking a significant step […]
Vedanta Holdings Boosted by Blackrock, ADIA, Funds
Vedanta Limited’s stock has been on a tear in recent months, experiencing a remarkable nearly 30% increase (around ₹322 per share) since December 2023. This impressive rally has been fueled by a surge in investment activity, with leading financial institutions and domestic mutual funds significantly increasing their stake in the company. BlackRock, ADIA Among Major […]
Voltas AC Reaches 2M Sales Milestone FY24
Voltas, a titan in the Indian home appliance industry, has cemented its leadership position in the air conditioner segment by achieving a phenomenal sales milestone. The company has surpassed the impressive mark of 2 million AC units sold in FY24, registering a stellar 35% growth year-on-year. This accomplishment not only underscores Voltas’ unwavering commitment to […]
ICICI Bank Loans Tata Steel Rs 2,675 Crore
Tata Steel has received a significant boost of Rs 2,675 crore in its ongoing financial restructuring efforts. ICICI Bank stepped in, sanctioning a crucial debt facility with a three-year term. This timely intervention comes as the Indian banking sector experiences a positive uptrend in credit growth. Punjab National Bank (PNB) reported an impressive 11.5% loan […]
Vi Board Approves Rs 2,075 Cr Raise from Aditya Birla
In a move critical for its survival, Vodafone Idea (Vi) received a much-needed shot in the arm from its promoter, the Aditya Birla Group. The company’s board, on April 6, 2024, approved a proposal to raise Rs 2,075 crore through a preferential share issue to Oriana Investments Pte. Ltd., an Aditya Birla Group entity. This […]
Tata AIA Life Expands WhatsApp Payment Services
Tata AIA Life Insurance is shaking the foundation of the insurance industry with its groundbreaking expansion of WhatsApp payment services. This innovative move positions Tata AIA as the undisputed leader in India, offering a truly unmatched insurance experience through the ubiquitous platform of WhatsApp. Enhanced Convenience: A Plethora of Payment Options at Your Fingertips Previously, […]
Walmart Vriddhi, D&B Team Up for MSME Credit, Contracts
Indian micro, small and medium enterprises (MSMEs) are gaining a much-needed boost. Walmart’s supplier development program, Vriddhi, recently announced a collaborative effort with Dun & Bradstreet (D&B), a leading data and analytics company. This partnership aims to empower MSMEs by providing them with easier access to credit and equipping them to compete for government contracts. […]
ONDC Partners with iThink Logistics for MSMEs
E-commerce logistics aggregator, iThink Logistics, has joined forces with the Open Network for Digital Commerce (ONDC) to expand its reach and provide micro, small and medium enterprises (MSMEs) with cost-effective delivery solutions. This collaboration, announced in early April 2024, is a significant development for the Indian e-commerce landscape, aiming to empower MSMEs with greater autonomy […]