Agro Tech Meals, which owns manufacturers reminiscent of ACT II popcorn and Sundrop, on Thursday introduced completion of its deal to amass Del Monte Meals from Bharti Enterprises by a share-swap deal. The corporate didn’t disclose the deal worth. Agro Tech Meals Ltd’s (ATFL) acquisition of Del Monte Meals Pvt Ltd (DMFPL) solidifies its place in India’s meals and FMCG sector, the corporate mentioned in an announcement.
ITC on Thursday introduced to amass ‘Prasuma’ and ‘Meatigo’ manufacturers increasing its presence in frozen, chilled and ready-to-cook meals. ITC has signed definitive agreements for the acquisition of Prasuma1, a number one participant within the frozen, chilled and ready-to-cook meals house in India. It operates by ‘Prasuma’, ‘Meatigo by Prasuma’ and ‘Prasuma Momo Kitchen’ manufacturers. It’ll purchase a 100 per cent stake in Prasuma over three years, mentioned a joint assertion.
Mahindra Logistics Restricted (MLL) has partnered with Asian Paints to deploy a community of built-in line haul transportation options for the paint maker for brief distances to enhance provide chain effectivity and availability. The collaboration will allow Asian Paints to leverage their scale of operations and additional prolong this functionality in line haul logistics by integrating the corporate’s new pro-trucking options, which is a devoted, premium and fuel-efficient fleet tailor-made for in depth pan-India line haul actions for multi-site buyer operations, Mahindra Logistics mentioned.
Malaysia’s IHH Healthcare Berhad on Thursday mentioned its Singaporean arm Northern TK Enterprise Pte Ltd has elevated the declare for injury from Japan’s Daiichi Sankyo to as much as JPY 199.8 billion (round Rs 10,930 crore) at their ongoing litigation in Tokyo for obstructing completion of open provide in Fortis Healthcare Ltd and its step-down subsidiary, Fortis Malar Hospitals Ltd. Northern TK Enterprise is at present engaged in a lawsuit within the Tokyo District Courtroom towards Daiichi Sankyo Firm Ltd pursuing claims, together with a declare for injury associated to obstruction of NTK’s completion of a young provide for shares in India’s Fortis Healthcare Ltd (FHL) and its step-down subsidiary, Fortis Malar Hospitals Ltd (FMHL).
NTPC Inexperienced Vitality has knowledgeable the exchanges that it has fashioned a three way partnership AP NGEL Harit Amrit, together with New and Renewable Vitality Growth Company of Andhra Pradesh. The JVaims to develop renewable vitality initiatives, together with photo voltaic, wind, hybrid, and pumped hydro initiatives (as much as 25 GW), inexperienced hydrogen (0.5 MMTPA), and associated inexperienced derivatives.
The board of Aurobindo Pharma has accredited a plan to amass 80 per cent of Tergene Biotech Ltd, a subsidiary, making it a direct subsidiary of the corporate.
Meson Valves India secured its maiden order from the US value Rs 31.61 crore ($3.60 million) for essential valves in industries reminiscent of oil & gasoline, chemical/petrochemical, and energy. The length of the great provide contract order is for 3 years.
The Ministry of Defence has inked contracts with Financial Explosive Restricted (EEL), wholly owned subsidiary of Photo voltaic Industries India Restricted, for the procurement of Space Denial Munition (ADM) Sort-1 (DPICM) and Excessive Explosive Pre Fragmented (HEPF) Mk-1 (Enhanced) rockets respectively for PINAKA A number of Launcher Rocket System (MLRS), the largest contract within the historical past of Photo voltaic Group.
HG Infra-DEC Infrastructure consortium has emerged because the L-1 bidder by Rail Land Growth Authority (RLDA) to develop the New Delhi railway station. The EPC bid has come at a value of Rs 2,195.68 crore, which is decrease than the estimated challenge value of Rs 2,469 crore by RLDA. HG Infra has 49% stake and DEC Infrastructure has 51 per cent share.
Sobha has knowledgeable the exchanges that the corporate has obtained an order from the Central GST division, together with Rs 32.5 crore in tax and Rs 33.05 crore in penalties. Sobha mentioned it is going to an enchantment towards the order with applicable company.
Petronet LNG ha signed a 15-year Sale & Buy Settlement with Deepak Phenolics for 250 KTA of propylene and 11 KTA of hydrogen from its Dahej petrochemical complicated.
BSE has reported its web revenue doubling to Rs 220 crore for 3 months ended December 2024. It posted a web revenue of Rs 108.2 crore in the identical quarter previous fiscal, BSE mentioned in an announcement. The change recorded its highest-ever quarterly income of Rs 835.4 crore within the October-December quarter of the present monetary 12 months (FY25), a 94 per cent soar from Rs 431.4 crore in the identical interval previous fiscal.
Zomato has modified its identify to Everlasting, with the corporate’s board approving it on Thursday. The change is topic to the approval of shareholders of the corporate, the Ministry of Company Affairs, and different relevant statutory authorities, as required, based on a regulatory submitting. Nevertheless, the model identify of the corporate’s meals supply enterprise Zomato will stay the identical, together with the app.
Tata Energy on Thursday mentioned it has restored the operations of unit 5 at its Trombay Thermal Energy Station in Mumbai, which was affected resulting from a hearth incident in September final 12 months. The unit was affected by fireplace within the cable vault on September 23, 2024, Tata Energy mentioned in an change submitting.
Dr Reddy’s Laboratories on Thursday mentioned its subsidiary has inked a licence settlement with Shanghai Henlius Biotech, Inc to develop and commercialise an under-development most cancers drug. Dr Reddy’s Laboratories SA has entered right into a pact with the Chinese language agency for HLX15, its investigational daratumumab biosimilar candidate to Darzalex and Darzalex Faspro. HLX15 is a recombinant anti-CD38 absolutely human monoclonal antibody injection, with intravenous in addition to subcutaneous formulations.
Key outcomes: LIC, Mahindra & Mahindra, Wockhardt, 3M India, Transport Company of India, Latent View Va Tech Wabag, Zaggle Pay as you go Ocean Companies, Cholamandalam Monetary Holdings, Delhivery, VST Industries, Venkys, Solar TV Community, NHPC, Oil India, PSP Tasks, NRB Bearings, OM Infra, Pritish Nandy Communications, Mahindra and Mahindra, Mazagon Dock Shipbuilders, Linde India, Max Estates Ltd, Monarch Networth Capital, Honeywell Automation, Caplin Level, Dredging Company, Jupiter Life Line Hospitals, Inox India, Hindustan Meals, Kovai Medical Middle and Hospital, Linda India, Fortis Healthcare, Firstsource Options, Gujarat State Petronet, Joyful Forgings, Excel Industries, Garuda Development and Engineering, HCL Infosystems, Venky’s, Century Plyboards, Edelweiss Monetary Companies, Borosil, Balrampur Chini Mills, Balu Forge Industries, Alkem Laboratories, Nava,
