From Waaree Clean Energy Solutions entering India’s specialty gases business to Dr Lal PathLabs’ planned acquisition of a 70% stake in SN Genelab Priv…
1/7PB Fintech | PB Fintech shares plunged 36% on Thursday after IRDAI proposed sweeping changes to insurance distribution economics. In an analyst call, the company flagged a serious revenue impact on general insurance, concerns over agent commissions and a potential slowdown in hiring.
2/7Waaree Energies Ltd | The company said its wholly owned subsidiary, Waaree Clean Energy Solutions Ltd (WCES), has entered India’s specialty gases business and plans to supply ultra-high-purity gases and chemicals to semiconductor and solar cell manufacturers across the country.
(Photo Credit : Reuters)
3/7Interarch Building Solutions Ltd | The firm said it has inaugurated a new heavy structural steel manufacturing facility at Attivaram in Andhra Pradesh, with an initial manufacturing capacity of 24,000 MT per annum, expanding its capabilities in complex and heavy steel structures.
4/7Dr Lal PathLabs Ltd | Diagnostic services provider Dr Lal PathLabs Ltd on Thursday (September 24) said it has approved the acquisition of a 70% stake in SN Genelab Private Ltd (SN Gene) for a cash consideration of up to ₹168 crore, along with a performance-linked earn-out capped at ₹31.5 crore.
5/7JSW Cement | The firm, part of Sajjan Jindal-promoted diversified JSW Group, said it has received a show-cause notice from the Additional Commissioner of Central Tax, Belagavi Audit Commissionerate, proposing a ₹229.85 crore GST demand, along with applicable interest and a 10% penalty.
6/7Inox Green Energy| Its QIP opened on Thursday, with the floor price set at ₹174.36 per share. The company may offer a discount of up to 5% on the floor price.
7/7Sterlite Technologies Limited | STL announced that it has added a new line of ready-made fibre optic cables to its Neuralis data centre product range. The company said the new cables come in sizes carrying between 48 and 6,912 individual optical fibres.