EMS (Electronics Manufacturing Services) is currently part of the company’s Customer Support Services division (CCS). CCS currently accounts for about 30% of TVS’s revenues and balance 70% is contributed by Products and Solutions division (PAS). EMS currently is a very small contributor to TVS’s business (details not provided). Company wants to grow EMS as big … Read more
Kalpataru Projects International has informed that it has successfully completed a Qualified Institutions Placement (QIP) of Rs 1,000 cr. This is Company’s first equity raise in over a decade. As per the Company, the capital raise attracted significant interest from domestic mutual funds, foreign investment funds, and insurance companies. Funds are expected to strengthen Kalpataru’s … Read more
Hurun India released the country’s Top 200 Self-made Entrepreneurs of the Millennia 2024. The average age of the entrepreneurs is 45 years. Further, a third of the founders on the list are under the age of 40. Radhakishan Damani, the visionary behind Avenue Supermarts, worth over INR 3.4 lakh crore, reflecting a 44 per cent … Read more
Pidilite, Indigo Paints and JSW Paints are speculated to be interested in 74.76% stake of Akzo Nobel in it’s Indian subsidiary. Talks with Adani and Aditya Birla Group didn’t proceed much. Valuations are expected to be $2.1-2.5 bn (Rs 18,000 – 21,000 cr against the current mcap of Rs 17,000 cr). Key draw is Akzo’s … Read more
The order is dated December 16, 2024 whereby SEBI intimated the appointment of forensic auditor with respect to financial statements of the Company for Financial Years 2020-21 to 2022-23. Reason – SEBI believes that the disclosure of financial information and business transactions of the Company have been dealt with in a manner which may be … Read more
The impacted Company is VA Tech Wabag. The order pertains to the proposed 300 mega liters per day seawater desalination plant in Yanbu, Kingdom of Saudi Arabia. VA Tech Wabag said the client notified tender participants this week that the said tender stands cancelled due to some internal administrative procedures. “We are currently in touch … Read more