News Overview

With the NCLT approval in place, the next steps entail ROC filing and intimation of record/effective date.

Air cooling and refrigeration appliances are a subset of the home appliances market that Tata seeks to dominate.

Per channel checks feedback, companies have indicated sharp price hikes in Sept’23 – Rs35/bag implemented in the East; while Rs5- 15/bag intimated across other regions

Samhi Hotels has built a portfolio of 3,839 keys across 25 operating hotels in 12 major urban consumption centres.

The project focuses on establishing a new electrical station in Dausa, Rajasthan, which can handle high voltage of about 765/400kV.

Assuming 30-40% portfolio overlap between Torrent and Cipla in these five therapies, analysts of IIFL Capital Services believe Torrent might be required to divest 8-10% of Cipla’s India business

SBI Life Insurance purchases 2.05 lakh shares of Safari Industries through open market transactions

The Index Maintenance Sub Committee (Equity) of NSE Indices Ltd has decided to exclude JIOFIN from various indices effective from September 7, 2023 (close of September 6, 2023)

As part of the agreement, the Zambian government will reinstate its golden share in Konkola, granting it veto rights over the company to ensure world-class standards.

These agreements will promote co-lending and loan syndication for a wide spectrum of renewable energy projects.