Bright News

  APM Terminals Pipavav (Gujarat Pipavav Port Ltd), one of the leading gateway ports in Western India, is proud to announce a partnership with CleanMax, one of Asia's leading renewable energy provider for the Commercial and Industrial (C&I) sector and a Brookfield backed company. This partnership reinforces APM Terminals Pipavav’s commitment towards sustainability by reducing its carbon footprint. The two companies have signed a 25-year Power Purchase Agreement (PPA) for a hybrid Wind-Solar Power Project in Gujarat. This strategic alliance represents APM Terminals Pipavav’s mission to fulfill its industry-leading commitment to achieve full net-zero status by 2040, as well as to reduce its scope 1 and 2 emissions by 65% by 2030, relative to 2022 levels. APM Terminals Pipavav has made the deliberate and comprehensive decision to pursue net-zero operations, acting in the best interests of its stakeholders, including its employees, customers, the environment, and its business opera...

  Mr. Ramesh Gopalan, MD & Group CEO Sagility India Limited Sagility India Limited (NSE: SAGILITY, BSE: 544282), a leading global provider of technology-enabled business solutions and services to clients in the U.S healthcare Industry, reported its consolidated financial results for the quarter and half year ended September 30, 2024, according to IndAS. Financial highlights for the quarter ended September 30, 2024: •  Revenue at ₹ 13,250 million (US$ 157.9 million), YoY growth of 21.1% • Adjusted EBITDA at ₹ 3,378 million (US$ 40.3 million) at 25.5% of revenue, YoY growth of 22.2% • Adjusted PAT at ₹ 1,636 million (US$ 19.5 million) at 12.3% of revenue, YoY growth of 30.5% • Basic Earnings per share (EPS) at ₹ 0.25, YoY growth of 207.4% • Adjusted Basic Earnings per share (EPS) at ₹ 0.35, YoY growth of 19.5% Financial highlights for the half year ended September 30, 2024: •  Revenue at ₹ 25,484 million (US$ 304.5 million), YoY growth of 15.3% • Adjusted EBITDA at ₹ 6,...

Property Share Investment Trust (“ PSIT ”), India’s first registered Small and Medium Real Estate Investment Trust, has filed the Offer Document for PropShare Platina, the first scheme under PSIT and India’s first SM REIT aggregating to up to Rs 353 crore.   The price band for the Issue is ₹ 10 lac to ₹10.5 lac per unit and it will open for subscription on 2 nd  December, 2024. The minimum bid size is 1 unit. The IPO is entirely a fresh issue of Platina units with no offer-for-sale component. The Offer Proceeds are proposed to be utilized primarily for the acquisition of the Prestige Tech Platina asset by the Platina SPVs with the remaining utilized for other general corporate purposes.   PropShare Platina comprises 246,935 sf of office space in Prestige Tech Platina, a LEED Gold office building located on Outer Ring Road (ORR), Bangalore, developed by the Prestige group and proposed to be fully leased to a US-based tech company through a fresh 9-year ...

Smt. Smriti Zubin Irani, Former Union Minister, visited the India Jewellery Exposition Centre (IJEX) in Dubai today, where she engaged with women exporters from India and women jewellery professionals based in Dubai. Her visit highlighted the remarkable contributions of women in the jewellery industry and the pivotal role of IJEX, an initiative of GJEPC, in boosting exports and expanding global reach for Indian exporters. During her address, Smt. Irani emphasized the need to redefine the narrative around women in the jewellery sector. “While the industry often romanticizes the relationship between women and jewellery, it’s time to acknowledge their substantial business contributions. Women are not just consumers or designers—they are leaders, entrepreneurs, and innovators driving significant revenue across various verticals,” she remarked. She further stated that the collective turnover and impact generated by women in the jewellery industry would reveal staggering figures, underscorin...

  The Initial Public Offering of NTPC Green Energy Limited was subscribed 93% on the second day of bidding.   The issue received bids of 54,96,35,370 shares against the offered 59,31,67,575 equity shares, at a price band of ₹ 102-108, according to the data available on the stock exchanges.   Retail Portion and Non-Institutional Investors Portion were subscribed 2.38 times and 0.34 times respectively. Reservation Portion was subscribed 1.01 times. Employee Portion was subscribed 0.40 times. Qualified Institutional Buyer Portion was subscribed 0.75 times. The issue kicked off for subscription on Tuesday, November 19, 2024, and will close on Friday, November 22, 2024.    A day before the opening of the issue, NTPC Green Energy Ltd raised Rs 3,960 crores from anchor investors. Foreign and Domestic Institutions who participated in the anchor were Capital World, Goldman Sachs, GIC, T.Rowe Price, Abu Dhabi Investment Authority, Morgan...

  Belrise Industries, an automotive component manufacturing company offering a diverse range of safety critical systems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles and agri-vehicles has filed its draft red herring prospectus (DRHP) for Rs 2150 crore its initial public offering (IPO). The IPO with the face value of ₹ 5 per equity share, is entirely a fresh issue of up to ₹ 2150.00 Crore with no offer for sale component. The issue is being made through the book-building process, wherein not more than 50% of the issue shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the issue shall be available for allocation to non-institutional bidders, and not less than 35% of the issue shall be available for allocation to retail individual bidders. The company, in consultation with the lead managers, consider a pre-ipo placement of specified securities, up to ₹ 430 crore....

  ~Stood out  as the  only national lassi brand available in PET packaging  priced at  Rs. 20~ ~Launched a  high decibel campaign  featuring brand ambassador,  Varun Dhawan ~ Parle Agro , known for driving innovation in the Indian beverage market, launched  SMOODH Lassi , a fresh addition to its growing dairy portfolio to redefine the Indian dairy category once again. This exciting launch was backed by an extensive multi-channel campaign, the largest ever in the lassi category ,  featuring brand ambassador,  Varun Dhawan.   With SMOODH Lassi, Parle Agro took Lassi to new heights of delight and indulgence. With  50% dahi content, this lassi is wonderfully thick and creamy,  delivering a delicious, smooth, and satisfying drinking experience. SMOODH Lassi offers the classic lassi taste, with a hint of rose creating a flavor that is refreshing. It’s the perfect beverage for relaxing moments - whether it's a quick snack, a...