The Company is acquiring 49% stake into Big Charter Pvt Ltd; a prominent player in India’s charter aviation sector. The Indian charter aviation industry, currently valued at approximately USD 650.5 mn, is projected to grow to USD 1.14 bn by 2033 In FY 2023-24, Big Charter generated revenues of Rs 128.75 cr (approx USD 15.5 mn) … Read more
In surprise announcements, Airtel first, followed by Jio have signed deals with Elon Musk’s Starlink for high speed internet in India. Starlink’s low orbit satellite based technology provides direct internet access from space, bypassing the need for extensive ground infrastructure. It can provide speeds of up to 220 Mbps, making it a viable solution for … Read more
The company has announced infusing Rs 696 crore into a newly incorporated entity PB Healthcare Services Private Limited (PBHSPL). Along with the Company, promoters and other key managerial personnel will also be putting in money. The proposed investment is expected to be made in FY 25-26 and will be in the nature of equity or … Read more
After announcing entry into the decorative paints business (through Grasim Industries), the Aditya Birla Group is now entering into the wires and cables business through UltraTech Cements. The initiative will further extend group’s footprint in the construction value chain. UltraTech will undertake the new business through it’s Building Products Division. The plant will be set … Read more
In a regulatory disclosure, Medicamen Biotech has informed that it has entered into a long-term Manufacturing & Supply Agreement with a prominent pharmaceutical distributor and marketing entity operating in the United States and Europe. Neither the name of the customer nor the financial details of the contract are disclosed. The company, however, has informed that collaboration … Read more
The Company has been adjudged as the highest bidder for Developing, Operating and Maintaining of Wayside Amenities in South Zone on Bengaluru Chennai Expressway Corridor (Phase II) Section on lease basis. The contract is awarded by National Highways Logistics Management Limited – a 100% owned SPV of National NHAI, Under Ministry of Road Transport and … Read more
Camso is a premium brand in construction equipment tyre and tracks with strong equity and market position in EU and North American aftermarket and OE segments. The acquisition will give CEAT access to 40 global OEMs and broaden its product offering into construction tyres and bias tracks. It’s an all cash deal valued at $225 … Read more
Larsen & Toubro (L&T) is acquiring 21% stake of E2E Networks. E2E is a listed Company It was founded in 2009 and got listed in 2018 The Company mainly offers public cloud to it’s customers 21% stake acquisition by L&T is a combination of primary and secondary 15% primary through preferential allotment @ 3,622/ share … Read more
Sona BLW Precision Forgings (Sona) has entered into an agreement to acquire the Railway Equipment Division (RED) of Escorts Kubota (Escorts). RED of Escorts is a leading supplier of critical components for Railways, such as brakes and suspension systems for various rolling stocks. The division reported revenues of Rs 950 cr in FY 24. In … Read more