Mumbai, September 25 – Quality Power Electrical Equipments Limited (QPEEL) announced that its subsidiary, Mehru Electrical and Mechanical Engineers Pvt. Ltd., has entered into a co-development agreement with Hyosung T&D India Pvt. Ltd. for gas-insulated switchgear (GIS) instrument transformers. The strategic partnership aims to combine Hyosung’s global expertise…
Axis Max Life Insurance Limited has launched the High Growth Pension Fund, an actively managed, equity-focused pension plan under the Axis Max Life Forever Young Pension Plan. The fund is structured as a Unit-Linked Non-Participating Individual Pension Plan and is designed to help investors build a retirement corpus…
Sterlite Technologies Limited (STL) unveiled its latest innovation, the Unitube Single Jacket Indoor Optical Fibre Cable featuring Multi-Core Fiber (MCF) technology, at Connected Britain 2025. The new cable integrates four fiber cores within a standard single-core cladding diameter, dramatically increasing data transmission capacity without enlarging the cable footprint.…
Mumbai, September 25 – SMC Global Securities Limited has unveiled plans to reward its shareholders through a 1:1 bonus share issue, effectively doubling its paid-up share capital. Under the proposal, shareholders will receive one bonus equity share (face value ₹2) for every share they currently hold. The company…
Lupin Ltd, one of India’s leading pharmaceutical companies, has received tentative approval from the US Food and Drug Administration (USFDA) for its generic version of Bictegravir, Emtricitabine, and Tenofovir Alafenamide tablets (50 mg/200 mg/25 mg), used in the treatment of human immunodeficiency virus (HIV) infection. The approval, granted…
Eimco Elecon (India) Ltd. has announced that its promoter group entity, Tamrock Great Britain Holdings, will exercise an oversubscription option in its ongoing Offer for Sale (OFS), potentially leading to a complete exit from the company. Tamrock, which held a 24.68% stake in the mining and construction equipment…
Luxury fashion platform Purple Style Labs (PSL), the parent company of Pernia’s Pop-Up Shop (PPUS), has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a proposed ₹660 crore initial public offering. The company, which operates an omnichannel marketplace for…
TGV SRAAC Limited, a leading player in the chemical sector, has announced the successful commissioning of an additional 5 MWp solar power capacity, taking its overall solar portfolio to 50.4 MWp. The move marks an 11% increase from its earlier capacity of 45.4 MWp and underscores the company’s…
Max India Limited, a diversified player in the healthcare and allied services space, has successfully raised ₹80.35 crore through a preferential issue of 36,19,594 fully convertible warrants at an issue price of ₹222 per warrant. The allotment, approved by the company’s Board on September 24, 2025, includes both…
Kingfa Science & Technology (India) Limited has successfully concluded a preferential allotment of equity shares, raising ₹499.99 crore to fuel its growth initiatives and strengthen its financial position. The company allotted 14,40,920 equity shares at an issue price of ₹3,470 per share, with participation from seven non-promoter investors,…
