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The project shall be implemented on a Build, Own, Operate, and Transfer BOOT basis. The company received the letter of intent (LoI) for the project on November 25, 2024.

The decision follows Unilever’s global strategy to separate its ice cream business and subsequent evaluation by an independent committee of HUL director

The joint venture will comprise Future Generali India Insurance Company Ltd (FGIICL) and Future Generali India Life Insurance Company Ltd (FGILICL).

In the broader market BSE small cap index is trading with a 1.89% gain. whereas BSE Midcap index is trading with a 1.84% gain.

Nisal will be reporting to CEO and Managing Director Srini Pallia and will join Wipro's executive board.

The agreement was signed by Diego Graffi, Chairman & MD of Piaggio Vehicles, and Ravi Chawla, MD & CEO of Gulf Oil Lubricants India.

The company will raise ₹1,590 crore through a fresh issue; all the issue proceeds (excepting offer expenses) will directly flow into the company funds.

The scheme forms a part of a larger construction program of a multi-tracking Broad Gauge (BG) railway line.

The listed company sold properties worth ₹7,200 Crore in the last fiscal year and is targeting ₹10,000 Crore this fiscal year.

Binod Kumar, who is the Executive Director at Punjab National Bank, is to take SL Jain's place. Jain will retire next month.