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Headline: Multinational Companies and Indian Firms Announce Major Moves in Various Industries
In a series of significant developments, several companies have announced major initiatives across various sectors in India and beyond. Here's a roundup of the latest news:
PICCADILLY AGRO has launched a 100-day 'Saksham Niveshak' campaign, aiming to recover unclaimed dividends. The campaign is expected to provide a boost to shareholders who may have missed their payments.
SIS Ltd has announced a strategic acquisition of A P Securitas Private Limited, valued at approximately ₹650 crore. The deal, scheduled for completion on September 9, 2025, aims to strengthen SIS's presence in the security services industry in India.
The Government of India has reduced the Goods and Services Tax (GST) on cement from 28% to 18%. This move is expected to benefit the real estate industry, making construction more affordable for developers and homebuyers alike.
STRIDES has partnered with Kenox to expand its nasal spray portfolio for the US market. This collaboration is part of Strides' ongoing efforts to broaden its global footprint in the pharmaceutical industry.
JPMORGAN expects the Federal Reserve to cut rates by 25 basis points in September, not 50 bps. The bank also reported a 40% risk of recession.
JEENA SIKHO LIFECARE has received approval for clinical trials on multiple anti-diabetes and healthcare products. The trials have shown positive efficacy results, indicating promising developments in the fight against diabetes.
HUDCO has signed an MoU with the Nagpur Metropolitan Region Development Authority. The agreement is expected to facilitate the development of infrastructure projects in the region.
MOS UTILITY has expanded its partnership with DigiAsia to scale AI-powered branchless banking in India and Indonesia. This collaboration aims to provide financial services to underserved populations in both countries.
TATA COMMUNICATIONS has collaborated with Cisco to integrate the MOVE eSIM platform for global IoT connectivity. This partnership is expected to enhance Tata Communications' capabilities in the Internet of Things (IoT) sector.
KINGS INFRA has set a cutoff date of September 30 for valuation in its integration with Sri Aqua Seafoods. The merger aims to unlock synergies in the aquaculture industry.
WARDWIZARD INNOVATIONS' promoter, Yatin Sanjay Gupte, has pledged 49 lakh shares (1.88% stake). The exact purpose of the pledge is yet to be disclosed.
SERVOTECH has partnered with Zhuhai Piwin New Energy for BESS technology and local manufacturing in India. This collaboration is part of Servotech's efforts to expand its presence in the renewable energy sector.
Asian Energy Services Ltd has proposed a merger with Oilmax Energy Pvt Ltd. The proposed merger aims to create a stronger entity in the energy sector.
Enrich Money aims to onboard over one million new mutual fund investors in the next 12 months, with the majority expected from Tier-2 and Tier-3 cities. This move is part of Enrich Money's strategy to increase financial inclusion in India.
NAZARA will publish the hit PC game Bodycam in Fortnite. This collaboration is expected to bring the popular game to a wider audience.
ITC, GODFREY, VST IND are among the companies that the Government may impose additional levies on tobacco via higher excise duty or health levy, effective Q4 FY25. The move is part of the Government's efforts to curb tobacco consumption.
The Sensex and Nifty ended slightly higher on September 8 after a volatile session. Despite the uncertainties in the market, both indices managed to close in the green.
RSWM has cancelled its ₹740 crore Kathua greenfield project due to non-viability. The cancellation is a setback for the textile industry, which has been struggling in recent times.
SAIL expects coking coal supplies to resume from its Mozambique JV in a couple of months. The resumption of supplies is crucial for SAIL's steel production.
UJJIVAN SFB targets a ₹1 lakh crore gross loan book by FY30. The bank is aiming to significantly increase its lending capacity in the coming years.
JINDAL STAINLESS seeks anti-dumping duties to curb a 30% surge in cheap steel imports in FY25. The move is aimed at protecting the domestic steel industry from cheap imports.
JINDAL STAINLESS' promoter has increased their stake by 0.14% via open market purchase on March 3-4. The exact reason for the stake increase is yet to be disclosed.
Brigade Enterprises has signed an agreement for a residential development project in Bengaluru, spanning 10.75 acres with a GDV of Rs 25 billion. The project is part of Brigade Enterprises' ongoing efforts to expand its real estate footprint.
Kaynes has integrated the core team from Mustard Smartglasses to strengthen its leadership in the AR/AI wearables market. This move is expected to enhance Kaynes' capabilities in the technology sector.
RAP CORP has sold an Agra property for ₹67.83 crore, netting ₹62.12 crore after charges. The proceeds from the sale will be used to fund future growth initiatives.
LEHAR FOOTWEARS has launched an athleisure brand "Rannr". The new brand is part of Lehar Footwear's strategy to tap into the growing demand for athletic footwear.
IRB Infra's August toll collections were up 12% at ₹563.2 Cr Vs ₹502.6 Cr compared to the previous year. The increase in toll collections indicates a positive trend for the infrastructure sector.
DEE DEVELOPMENT ENGINEERS has doubled its Anjar plant capacity to 30,000 MTPA, backed by a ₹1,335 crore order book. The expansion is part of Dee Development Engineers' efforts to meet the growing demand for its products.
These developments highlight the dynamic and evolving nature of the Indian and global business landscape. Stay tuned for more updates.
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