Here’s a comprehensive summary of the key updates:

Starting with Kimia Biosciences Limited, the company announced that it has been awarded a contract from a reputed client in Europe, valued at USD 200,000. This international business deal is expected to enhance its global presence and strengthen its position in the biosciences market.

FirstSource Solutions Limited has entered into a strategic collaboration with Microsoft Azure Open AI. This partnership is designed to deliver cutting-edge digital transformation services on a global scale, making FirstSource a leader in the AI-powered digital services space.

On the spirits front, Globus Spirits Ltd. has launched DŌAAB India Craft Whisky, marking its entry into the luxury whisky segment. This move is expected to drive growth in India’s rapidly expanding premium whisky market.

Oswal Agro Mills Limited is set to receive approximately 23 lakh sq. ft. of land from the Brihanmumbai Municipal Corporation as part of the Development Control and Promotion Regulation 2034. This area will be handed over for public utility purposes, contributing to urban development.

Jaypee Infratech Limited has scheduled a board meeting on September 19, 2024, to discuss the potential sale of equity shares in its associate company, Jaypee Healthcare Limited. This decision could play a pivotal role in shaping the company’s future growth strategy.

Lakshmi Automatic Loom Works Ltd. has begun constructing a 40,700 sq. ft. warehouse at its SIPCOT Industrial Complex in Hosur, with a projected completion date of March 2025. This project, with an estimated cost of Rs. 800 lakhs, aims to expand its warehousing rental services.

In corporate financing news, Prudential Sugar Corporation Limited will hold a board meeting on September 24, 2024, to discuss raising capital through a rights issue. Similarly, Moongipa Capital Finance Limited has approved a rights issue priced at Rs. 25 per share, with a total size of Rs. 15.27 crore.

Reliance Infrastructure Ltd. will also convene a board meeting on September 19, 2024, to consider raising long-term capital from both domestic and global markets. This will involve equity shares, equity-linked securities, and potentially qualified institutional placements.

Bajaj Healthcare Limited has announced that its board will meet on September 19, 2024, to consider the allotment of convertible warrants to promoters and select public shareholders, a move expected to provide significant capital for future expansion.

Tarmat Limited has secured a major joint venture contract worth Rs. 139.48 crore from the Maharashtra State Infrastructure Development Corporation, with Tarmat holding an 80% stake in the project. This will boost the company’s role in infrastructure development.

Indo Count Industries has made headlines with the acquisition of an 81% stake in the US-based Fluvitex for $19.6 million, with the option to purchase the remaining 19% within five years. This acquisition enhances Indo Count’s global textile footprint.

In addition, Motisons Jewellers Limited is considering a stock split proposal, to be discussed in a board meeting on September 19, 2024. The proposal could make shares more accessible to a broader range of investors by increasing share liquidity.

Galaxy Agrico Exports Limited has approved raising funds up to Rs. 49 crore through a rights issue, which will help finance the company’s expansion efforts.

Meanwhile, Tata Consultancy Services Limited (TCS) has been levied a penalty of ₹9.85 crore by the DGGI Mumbai Zonal Unit for the FY 2016-17.

Among other developments, JK Tyre & Industries Limited has approved a scheme of amalgamation with Cavendish Industries Limited, which could streamline operations and improve operational efficiency.

On the fundraising front, Sandur Manganese & Iron Ores Limited has announced plans to raise up to ₹1,000 crore through the issuance of equity shares.

Several other companies have made notable announcements:

Transwarranty Finance Limited will hold a board meeting on September 19, 2024, to discuss raising funds through non-convertible debentures.

Thomas Cook (India) Limited has expanded its footprint in Kolkata, launching a new store in New Town, increasing its presence in the city to eight locations.

DroneAcharya Aerial Innovations Limited secured an export order for drone components valued at USD 240,000, set for supply to Lithuania.

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