RBI Approves ICICI Prudential AMC to Acquire Up to 9.95% Stake in AU Small Finance Bank
AU Small Finance Bank has secured regulatory approval from the Reserve Bank of India for ICICI Prudential Asset Management Company to increase its aggregate holding to 9.95%. This approval covers various schemes including mutual funds, AIFs, and PMS clients, reinforcing institutional interest in the bank.
Gujarat Ambuja Exports to Invest ₹333 Crore for 850 TPD Corn Milling Plant in Hubli
Gujarat Ambuja Exports Limited has approved a ₹333 crore investment to set up a new 850 TPD Greenfield Corn Wet Milling Plant in Hubli, Karnataka. The project aims to more than double the company's existing Hubli capacity and aligns with its long-term target of reaching 9,000 TPD processing capacity by 2030.
Innovision Ltd Wins ₹243.6 Crore NHAI Toll Collection Mandates in Madhya Pradesh
Innovision Limited has secured two separate Letters of Award from the National Highways Authority of India for toll management in Madhya Pradesh. The contracts, valued at ₹243.60 Crore, involve user fee collection and facility maintenance at three key toll plazas.
Parag Milk Foods Shares Jump 10% in 8 Days Since Healthy Snacking Market Entry
Parag Milk Foods has expanded its nutrition portfolio into the fast-growing snacking category with the launch of Avvatar Popped Protein Chips. This move marks the company's strategic evolution from a traditional dairy provider to a broader nutrition-led food business, leveraging its established Avvatar brand.
Duroply Industries Enters MDF Segment with DURO HDMMR Launch via Asset-Light Model
Duroply Industries has officially entered the high-growth Medium Density Fibreboard (MDF) and High Density Fibreboard (HDF) segment with the launch of its first product line, DURO HDMMR. This strategic expansion into the engineered wood panel category utilizes an asset-light business model to scale without immediate capital expenditure on manufacturing infrastructure.
Dreamfolks Services Partners with Elixir for Premium Wellness Credit Card Spa Benefits
DreamFolks Services Limited has entered a strategic partnership with fintech firm Elixir to provide premium spa benefits for an upcoming wellness-focused credit card. Announced at the Global Fintech Fest, this collaboration integrates DreamFolks' technology-enabled lifestyle platform with Elixir's health-oriented financial product.
IOLCP Unveils ₹495 Crore Expansion Plan: 50% Ibuprofen Capacity Boost and CDMO Entry
IOL Chemicals and Pharmaceuticals (IOLCP) has initiated a multi-pronged ₹495 crore expansion strategy at its Barnala facility to solidify its global leadership in Ibuprofen and diversify into higher-margin segments. The plan includes a massive 50% capacity hike for its core Ibuprofen product alongside the launch of new CDMO and specialty chemical verticals.
Rajoo Engineers Ltd Partners with Rieckermann for Southeast Asia Market Expansion
Rajoo Engineers Limited has announced a strategic partnership with Rieckermann to enhance its sales and technical support network across key Southeast Asian markets. The collaboration focuses on distributing and servicing Rajoo's advanced plastics extrusion machinery in Thailand, Indonesia, Malaysia, and the Philippines.
DCB Bank Receives RBI Approval for ICICI Prudential AMC to Acquire Up to 9.95% Stake
The Reserve Bank of India has granted approval to ICICI Prudential Asset Management Company Limited to acquire an aggregate holding of up to 9.95% in DCB Bank Limited. This regulatory clearance follows a formal application by the AMC and remains subject to compliance with the Banking Regulation Act.