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  • Mahindra Lifespaces Partners with Livingstone Infra for ₹1,650 Crore Redevelopment Project in Mumbai

    Introduction: Mahindra Lifespace Developers Limited has introduced a widespread partnership with Livingstone Infra Private Limited to adopt a excessive-profile redevelopment task within the pinnacle charge Mahalaxmi vicinity of Mumbai. The […]

  • Bajaj Healthcare Receives DCGI Approval to Manufacture Pimavanserin in India: A Significant Step for Parkinson’s Treatment

    Bajaj Healthcare has received DCGI approval to manufacture Pimavanserin in India, offering a critical treatment for Parkinson's disease psychosis. This approval paves the way for increased availability and accessibility of this essential medication in the Indian market.

  • Piramal Alternatives Invests Rs 110 Crore in Biodeal Pharmaceuticals: A Strategic Boost for Innovation and Growth

    Fueling Biodeal Pharmaceuticals' growth trajectory, Piramal Alternatives, the investment arm of the Piramal Group, has injected Rs 110 crore into the company. This strategic investment is poised to catapult Biodeal's capabilities, propelling it towards innovation, enhanced production, and expanded operations. With a focus on becoming a frontrunner in nasal spray manufacturing, Biodeal aims to leverage this infusion to fortify its infrastructure, adopt cutting-edge technology, and establish a state-of-the-art nutraceuticals facility. This collaboration signifies a significant milestone for both entities, marking a new chapter in the pharmaceutical landscape.

  • Ashoka Buildcon Completes Vadodara Mumbai Expressway Section: A Milestone Achievement

    As a leader in infrastructure development, Ashoka Buildcon has demonstrated its capability in executing critical projects that contribute to the nation's progress. The completion certificate received for the Vadodara Mumbai Expressway section underscores the company's commitment to quality and timely delivery in the infrastructure sector. Ashoka Buildcon's expertise in executing projects under the Hybrid Annuity Mode (HAM) reflects its innovative approach to infrastructure financing and development. By partnering with the National Highways Authority of India (NHAI), the company has contributed significantly to enhancing connectivity and mobility across regions. This milestone achievement highlights Ashoka Buildcon's ability to navigate complex project requirements and deliver results that meet stringent quality standards. As the company continues to play a pivotal role in advancing infrastructure development, it reinforces investor confidence and strengthens its position as a trusted partner in nation-building. Moving forward, Ashoka Buildcon's focus on exploring new opportunities and leveraging its capabilities will further drive progress in the infrastructure sector. With a track record of success and a commitment to excellence, Ashoka Buildcon remains poised to contribute to India's infrastructure growth story in the years to come.

  • Navigating Operational Challenges: IIFL Finance Addresses RBI Concerns

    Discover how IIFL Finance addresses operational challenges highlighted by the Reserve Bank of India (RBI) and navigates through governance concerns. Learn about the impact on profitability, regulatory compliance efforts, and the company's outlook amidst these challenges.

  • Godrej Properties Acquires 109-Acre Land Parcel in Nagpur for Residential Plots

    In a strategic move, Godrej Properties has acquired a vast 109-acre land parcel in Nagpur, signaling its commitment to the growing demand for residential plots in the post-COVID era. The development plans for this land include primarily plotted residential units, boasting an estimated saleable area of 2.2 million square feet. While the deal's exact worth and seller's identity remain undisclosed, insiders suggest a transaction value of around Rs 200 crore. This acquisition aligns with Godrej Properties' aggressive expansion strategy, aiming to strengthen its presence in Nagpur and other key Indian markets. Despite pandemic challenges, the company reported robust financial performance, with strong growth projections for this fiscal year.

  • Adani Group Firms’ Stocks Dip as Abu Dhabi’s International Holding Company Plans Stake Sale

    Shares of two prominent Adani Group firms declined over 2 percent on September 29th due to an announcement by International Holding Company (IHC) regarding its intention to divest stakes in Adani Green Energy and Adani Energy Solutions. IHC's move is part of a broader portfolio rebalancing strategy. IHC's subsidiaries have entered into an agreement with an undisclosed buyer to sell their investments in these Adani companies, valued at significant amounts. Notably, IHC had made substantial investments in these firms in April 2022, indicating a potential loss on the stake sale. The Adani Group's strategic moves in the renewable energy sector remain a point of interest.

  • Muthoot Finance Ltd’s 32nd NCD Issue: A Lucrative Investment Opportunity

    Muthoot Finance Ltd's 32nd NCD issue offers a secure investment opportunity with ICRA's high AA+ (Stable) rating. With an extended subscription period until October 6, investors can earn attractive interest rates ranging from 8.75% to 9% p.a. Retail investors enjoy an extra 1% p.a., making it even more appealing. This NCD offering provides flexibility with seven investment options and supports the company's lending activities

  • Government Allocates Rs 20,000 Crore for Kisan Credit Card Loans: Boosting Agricultural Support

    In a significant move to bolster agricultural support, Union Agriculture Minister Narendra Singh Tomar recently unveiled a comprehensive plan aimed at uplifting the farming community. This initiative involves a substantial allocation of Rs 20,000 crore towards Kisan Credit Card (KCC) loans. Under this revitalized scheme, eligible beneficiaries will have access to loans of up to Rs 3 lakh. Another noteworthy aspect of the government's commitment to the welfare of farmers is the PM Fasal Bima Yojana. To date, an astounding Rs 1.41 lakh crore has been disbursed under this scheme, surpassing the premium collection of Rs 29,000 crore.

  • SpiceJet Ltd’s Compliance with Supreme Court Order: Payment to Credit Suisse

    SpiceJet Ltd. has promptly complied with the Supreme Court's order, settling a $1.5 million debt owed to Credit Suisse. The payment was executed on September 14th, as per the court's directive. Failure to comply with the court's order could have resulted in "drastic action." This compliance signifies SpiceJet's commitment to resolving financial disputes legally.