Adani Green Energy to Raise ₹12,300 Crore, Titan Records 20% Revenue Growth: Business News Highlights

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Adani Green Energy Ltd (AGEL) He said on Thursday that its board has approved a proposal to raise up to Rs 12,300 crore through the Qualified Institutional Placement (QIP) pathway.

Titan Co., Ltd It reported revenue growth of 20 percent year-over-year for the first quarter of fiscal ’24 with all major consumer businesses showing double-digit growth in the quarter, the company said in an update. A total of 68 stores (including CaratLane) were added during the quarter, bringing Titan’s retail presence to 2,778 stores.

Reliance Industries Limited On Thursday, the National Company Law Tribunal said it had given its consent to separate the company’s financial services underwriting and listing. Reliance had previously announced plans to spin off its financial services business into Reliance Strategic Investments Limited (RSIL), and to rename and incorporate Jio Financial Services Limited (JFSL).

board of directors Indian Oil Corporation He will meet today to consider a rights issue. Analysts said they would be keen to know details such as size, price and maturity. Meanwhile, IOC and Praj Industries (Praj) have signed a term sheet to present plans to boost India’s biofuel production capabilities. The different biofuels covered by the MoU include Sustainable Aviation Fuel (SAF), Ethanol, Compressed Biogas (CBG), Biodiesel, Biobitumen and others. Earlier in October 2021, both companies entered into an agreement to form a 50:50 joint venture to this end.

board of directors Suzlon Energy Today’s meeting will consider fund-raising plans.

credit rating of Macrotech Developers It was upgraded to A+/Stable from A/Positive by India Ratings & Research.

Aster DM Healthcare It has acquired an additional 2.36 per cent stake in Malabar Institute of Medical Sciences Ltd, a de facto subsidiary of the company from several minority shareholders with effect from July 5. As a result of the acquisition, the company’s stake in MIMS increased from 76.01 percent to 78.37 percent. MIMS runs hospitals in Kerala.

Infosys Public Services (IPS), a North American company Infosys announced the opening of its new subsidiary, Infosys Public Services Canada, Inc. (IPS Canada), headquartered in Ottawa, Ontario, with local offices in Mississauga ON, Calgary AB, and Burnaby BC. IPS Canada said it is helping accelerate the digital transformation of public sector organizations across the country, including federal departments, provincial ministries, municipalities and coronavirus businesses, and provides access to first-class IT talent and innovative solutions to improve the delivery of government services to Canadians.

JK Maxx Paints Ltd (formerly JK Paints and Coatings Limited, a wholly owned subsidiary of JK Cement Ltd, in the second tranche, has invested ₹60.24 crore in order to acquire 20% stake in Acro Paints Ltd. As a result of the current acquisition, JKMPL has acquired a total of 80% of the share capital of APL with immediate effect.

Goldiam International Limited Received Rs 30 crore export orders from a new non-US retail customer for the manufacture of gold & diamond jewellery, which includes orders for lab grown diamond jewellery.