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Zen Technologies Secures Rs 46 Crore Defence Maintenance Contract

Zen Technologies Secures Rs 46 Crore Defence Maintenance Contract

/ Indian Market

Zen Technologies Ltd has secured a five-year Annual Maintenance Contract (AMC) worth Rs 46 crore, including GST, from the Ministry of Defence, the company announced on October 1. This contract ensures the ongoing maintenance of simulators developed by Zen Technologies, reinforcing its relationship with the Ministry. In a regulatory filing, the company stated, “This AMC […]

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Piramal Pharma to Invest $80 Million in Expanding Sterile Injectables Facility in Kentucky

Piramal Pharma to Invest $80 Million in Expanding Sterile Injectables Facility in Kentucky

/ Indian Market

Piramal Pharma announced on September 30 that it will invest $80 million to expand its sterile injectables facility in Lexington, Kentucky. The investment, financed through a mix of bank loans and internal funds, aims to boost the facility’s capacity to meet growing demand. Nandini Piramal, Chairperson of Piramal Pharma, highlighted the strategic significance of this

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Max Estates Shares Climb 3% on Rs 4,100-Crore Pre-Sales for Estate 360 Project

Max Estates Shares Climb 3% on Rs 4,100-Crore Pre-Sales for Estate 360 Project

/ Indian Market

Shares of Max Estates Limited surged over 3 percent to Rs 627 in early trade on September 30 after the company reported strong pre-sales of Rs 4,100 crore for its Gurugram-based Estate 360 project, exceeding its FY25 target of Rs 4,000 crore. Max Estates also collected Rs 400 crore from the project and raised its

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Welspun Enterprises Rises 3% on Securing Rs 1,990 Crore Contract from BMC

Welspun Enterprises Rises 3% on Securing Rs 1,990 Crore Contract from BMC

/ Indian Market

Shares of Welspun Enterprises climbed 3 percent in early trade on September 30 after the company secured a contract worth Rs 1,989.9 crore from the Brihanmumbai Municipal Corporation (BMC). At 09:20 am, the stock was trading at Rs 574.40 on the BSE, up by Rs 17.75. The contract involves designing and constructing an 8.48 km

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Syngene Plans to Triple Bio-Manufacturing Capacity by FY26, Eyes Recovery in H2FY25

Syngene Plans to Triple Bio-Manufacturing Capacity by FY26, Eyes Recovery in H2FY25

/ Indian Market

Syngene International is optimistic about a recovery in the second half of FY25, as it aims to balance its research-to-manufacturing ratio from 60:40 to 50:50, focusing on stronger growth in manufacturing. The company also plans to triple its bio-manufacturing capacity by FY26. Shares of Syngene closed almost 1% higher at Rs 888, up 25% in

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Kaynes Tech Acquires Iskraemeco India for Rs 43 Crore to Enhance Energy Solutions Portfolio

Kaynes Tech Acquires Iskraemeco India for Rs 43 Crore to Enhance Energy Solutions Portfolio

/ Indian Market

Kaynes Technology has acquired 100% ownership of smart meter company Iskraemeco India, previously held by Iskraemeco Switzerland A.G. and Iskraemeco Merjenje, for Rs 43 crore. This acquisition strengthens Kaynes Tech’s portfolio in energy management solutions, expanding its product and service offerings. Iskraemeco India is engaged in supplying, installing, operating and maintaining smart meters. The company

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Property Share Investment Trust Files Draft Papers for Rs 353-Crore SM-REIT Public Issue

Property Share Investment Trust Files Draft Papers for Rs 353-Crore SM-REIT Public Issue

/ Indian Market

Property Share Investment Trust (PSIT), India’s first registered Small and Medium Real Estate Investment Trust (SM-REIT), has filed draft documents with SEBI to raise up to Rs 353 crore through a public issue. The funds will be raised under a new scheme, ‘PropShare Platina,’ which marks the first scheme by PSIT. PropShare Platina will comprise

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Temasek and TPG-Backed Dr Agarwal's Healthcare Files for IPO With Rs 300 Crore Fresh Issue, 6.95 Crore Shares OFS

Temasek and TPG-Backed Dr Agarwal’s Healthcare Files for IPO With Rs 300 Crore Fresh Issue, 6.95 Crore Shares OFS

/ Indian Market

Dr Agarwal’s Healthcare, backed by Temasek Holdings and TPG, has filed for an initial public offering (IPO) with the Securities and Exchange Board of India (SEBI) on September 27. The eye care services provider aims to raise funds through a mix of a Rs 300 crore fresh equity issue and an offer-for-sale (OFS) of 6.95

Temasek and TPG-Backed Dr Agarwal’s Healthcare Files for IPO With Rs 300 Crore Fresh Issue, 6.95 Crore Shares OFS Read More »

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