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Varun Beverages to acquire 50% stake in Everest Industrial Lanka

India, May 19 -- Varun Beverages has approved the acquisition of 50% stake of Everest Industrial Lanka (EIL) for a consideration of USD 3.75 Million (Rs 32.08 crore). EIL, a company in Sri Lanka is en... Read More


Jaykay Enterprises invests Rs 13 crore in JK Defence & Aerospace

India, May 19 -- Jaykay Enterprises (JKE) has acquired today i.e. 19 May 2025, additional 13,00,000 Preference Shares of the face value of Rs. 100/- each for an amount aggregating to Rs. 13 crore in J... Read More


Lumax Auto Technologies to acquire balance 25% stake in IAC International Automotive India

India, May 19 -- Lumax Auto Technologies has signed an agreement to acquire the remaining 25% stake in IAC International Automotive India (IAC India) from the International Automotive Components Group... Read More


India Ratings Revises Outlook on Surbhi Satcom's Bank Facilities to Negative and Migrates Ratings to Non- Cooperating Category

India, May 19 -- India Ratings and Research (Ind-Ra) has revised the Outlook on Surbhi Satcom Private Limited's (SSPL) bank facilities to Negative from Stable and has simultaneously migrated the ratin... Read More


Reserve Bank of India cancels the licence of HCBL Co-operative Bank Ltd., Lucknow

India, May 19 -- The Reserve Bank of India (RBI), vide order dated May 19, 2025, has cancelled the licence of "HCBL Co-operative Bank Ltd., Lucknow". Consequently, the bank ceases to carry on banking ... Read More


RBI grants "In-principle" Approval to Emirates NBD Bank PJSC, UAE for setting up a Wholly Owned Subsidiary (WOS) in India

India, May 19 -- The Reserve Bank of India (RBI) has decided to grant "in-principle" approval to Emirates NBD Bank PJSC for setting up a Wholly Owned Subsidiary (WOS) in India, under the "Scheme for S... Read More


Ethiopian Airlines Signs Agreements with GE Aerospace to Power New Widebody Aircraft

Ethiopia, May 19 -- Ethiopian Airlines Group and GE Aerospace (NYSE:GE) have signed an agreement confirming Ethiopian's choice of the GEnx Engine to power 11 new Boeing 787s. This deal increases Ethio... Read More


New at Mouser: BeagleBoard CC33 2.4GHz Wi-Fi 6 Bluetooth LE Wireless Modules

United States, May 19 -- Mouser Electronics, Inc., the authorized global distributor with the newest electronic components and industrial automation products, is now shipping the CC33 wireless modules... Read More


EIB provides €300 million loan to support the rehabilitation of state-funded schools

Portugal, May 19 -- The European Investment Bank (EIB) has signed a €300 million financing agreement with Portugal to co-finance the School Restoration and Rehabilitation Programme, which aims t... Read More


Ethiopia Unveils Strategic Initiative to Green Its Financial System and Drive Sustainable Investment

Ethiopia, May 19 -- The Greening Financial Systems Programme was officially launched in Ethiopia today by Ethiopian and international partners at the Ethiopia Finance Forum.This transformative initiat... Read More