BENGALURU, India, March 31, 2022 /PRNewswire/ -- Tejas Networks (BSE: 540595) (NSE: TEJASNET) today announced that it has signed definitive agreements to acquire 64.40% of shares of Saankhya Labs Private Ltd. Bangalore ("Saankhya") for INR 283.94 Cr in cash. The initial acquisition of Saankhya shares is expected to close within the next 90 days. Tejas [...]
Tata Group firm Tejas Networks will acquire 64.40 per cent stake in semiconductor firm Saankhya Labs Pvt Ltd for Rs 283.94 crore in an all-cash deal. The initial acquisition of Saankhya shares is expected to close within the next 90 days, Tejas said in a statement. "Tejas Networks, upon procuring all necessary consents and approvals, [...]
London, Mar 31 (PTI) Deepening security and defence ties with India and the importance of all countries reducing strategic dependency on Russia in light of the Ukraine conflict will be the focal points of discussions when British Foreign Secretary Liz Truss arrives in New Delhi on Thursday.The UK Foreign, Commonwealth and Development Office (FCDO) said [...]
Kolkata, Mar 30 (PTI) Damodar Valley Corporation (DVC) on Wednesday said it signed a joint venture agreement with NTPC Renewable Energy Ltd, a fully owned subsidiary of the NTPC Limited, for renewable power projects in its command area.DVC will hold 49 per cent and NTPC Renewable will hold 51 per cent in the JV company [...]
New Delhi/Mumbai, Mar 30 (PTI) American banking major Citi on Wednesday joined a long list of foreign banks that have either exited or cut down on their business presence in India with the sale of its consumer banking business to Axis Bank for Rs 12,325 crore. Except for Singaporean lender DBS Bank, which has expanded [...]
New Delhi, Mar 30 (PTI) Sebi Chairperson Madhabi Puri Buch on Wednesday said that India is well positioned to leverage technology in the securities market to deliver customised solutions at a very low cost to individuals across the country as she launched an ideathon to promote innovation. Launching the ideathon 'Manthan', Buch highlighted that adoption [...]
New Delhi, Mar 30 (PTI) The government rejected an application for the import of refurbished Apple iPhone and iPads as it will expedite e-waste generation in the country, Parliament was informed on Wednesday. Minister of State for Electronics and IT Rajeev Chandrasekhar in a written reply to the Lok Sabha said that under the Foreign [...]
Mumbai, Mar 30 (PTI) Axis Bank on Wednesday said it will acquire US-based Citi's consumer business in India for Rs 12,325 crore in one of the largest deals in the Indian financial services space which will help it close the gap with larger peers like ICICI Bank and HDFC Bank. The two lenders signed a [...]
Beijing, Mar 30 (PTI) China on Wednesday acceded to Pakistan's request to rollover a whopping USD 4.2 billion debt repayment to provide a major relief for its all-weather ally, which is reeling under major economic crisis.Chinese Foreign Minister Wang Yi in his meeting with Pakistan counterpart Shah Mehmood Qureshi on the sidelines of the 3rd [...]
Beijing, Mar 30 (PTI) Chinese Foreign Minister Wang Yi in his talks with his Pakistani counterpart Shah Mehmood Qureshi on Wednesday cautioned against the emergence of "bloc confrontation" in Asia and underlined that small and medium countries in the region must not be allowed to become "tools or victims" of major-country rivalry. Wang who has [...]
