Neueon Corporation Board Approves ₹150.79 Crore Rights Issue to Public Shareholders
The Board of Directors of Neueon Corporation has approved a significant capital raise of up to ₹150.79 Crore through a rights issue of partly paid-up equity shares. This move is primarily aimed at achieving compliance with SEBI's minimum public shareholding requirements while the company also prepares for a strategic relocation of its registered office.
IIRM Holdings India to Raise ₹150 Crore from Carpediem Capital and Sanshi Fund
IIRM Holdings India Ltd is initiating a ₹150 Crore capital raise through equity and convertible warrants led by Carpediem Capital and Sanshi Fund - I. The funds are earmarked for strategic acquisitions and international business expansion to strengthen the company's position in the global insurance distribution market.
Hero MotoCorp Launches VIDA VX2 Go FB Electric Scooter Variant at ₹1.13 Lakh
Hero MotoCorp has expanded its electric mobility portfolio with the launch of the VIDA VX2 Go FB variant, featuring a 3.1 kWh fixed battery. This introduction adds direct-plug charging flexibility to the brand's existing lineup, catering to diverse Indian household charging preferences.
Shanti Gold International to Raise ₹99.83 Crore via Rights Issue at ₹215 Per Share
Shanti Gold International Ltd has approved a rights issue to raise approximately ₹99.83 crore by issuing 46.43 lakh shares. The capital raise is intended to strengthen the company's financial position following recent in-principle approvals from the BSE and NSE.
Lupin Launches Sugammadex Injection in US Following FDA Approval for Bridion Generic
Lupin Limited has announced the commercial launch of Sugammadex Injection in the United States following approval from the U.S. FDA. The product, a generic version of Merck's Bridion®, serves as a critical agent for reversing neuromuscular blockade in surgical patients.
EMS Limited Secures ₹158.29 Crore Sewerage Project Order from Delhi Jal Board
EMS Limited has secured a Letter of Intent (LOI) from the Delhi Jal Board for a significant sewerage infrastructure project valued at approximately ₹158.29 crore. The contract follows the company's earlier status as the lowest bidder and involves comprehensive sewerage works in the Tikri Kalan region of New Delhi.
Refex Industries Q1 FY27 Revenue Surges 76% to ₹619 Crore Driven by Ash and Wind Segments
Refex Industries reported a robust 76% year-on-year increase in standalone revenue from continuing operations, reaching ₹619 crore for Q1 FY27. The growth was primarily driven by strong operational performance in the ash handling business and accelerated execution within the wind energy segment.
Akiko Global Q1 FY27 Revenue Surges 131% to ₹68.1 Cr as Fintech Transition Scales
Akiko Global Services Limited reported strong financial performance for Q1 FY27, marked by a triple-digit increase in revenue and net profit. The company is successfully pivoting from a traditional financial distributor to a technology-driven fintech platform, leveraging its AkikoPay ecosystem for efficient customer acquisition.
Union Bank of India to Raise $2 Billion via Global Medium Term Note Programme
Union Bank of India has secured board approval to raise USD 2 billion through a foreign currency Medium Term Note programme. The capital infusion will be executed in tranches via the bank's international hubs in Dubai and Sydney to bolster its global operations and diversify its funding base.