Axiscades Technologies Ltd on Friday announced the completion of of acquisition of Mistral Solutions Private Ltd (MSPL) for Rs 296 crore. In a statement, Axiscades said it completed the acquisition of MSPL in a phased manner for Rs 296 crore. MSPL is a leader in semiconductor, embedded electronics, defence and product engineering capabilities, the company [...]
Gandhar Oil Refinery (India) Limited has filed preliminary papers with the capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO comprises fresh issue of equity shares worth Rs 357 crore and an offer for sale (OFS) of 1.2 crore by promoters and existing shareholders, according to the draf red [...]
Tata Power on Friday said it has received a Rs 450 crore "sustainable trade finance facility" from MUFG Bank of Japan to fund its solar projects in India. This credit facility was extended for two solar projects under TP Kirnali Limited (TPKL), the company said in a statement. TPKL is a 100 per cent subsidiary [...]
Honda Cars India (HCIL) on Friday said it has tied up with Indian Bank to provide vehicle finance for its customers. The partnership will offer easy loan disbursement, reasonable interest rates, special offers, flexible policies and simplified process, the company said in a statement. The customers can avail financing benefits across over 5,700 branches of [...]
Realty firm Mahindra Lifespace Developers Ltd has completed the acquisition of a 9.24-acre land parcel in Mumbai from Mahindra & Mahindra Ltd for Rs 365 crore. In February this year, Mahindra Lifespace had announced that it would purchase the land in Kandivali, Mumbai from Mahindra & Mahindra Ltd for the development of a housing project. [...]
Wipro Gallagher Solutions, a wholly-owned subsidiary of Wipro Ltd, has sold its shareholding in Wipro Opus Risk Solutions, according to a filing by the company. With this transaction, Wipro Gallagher has divested only the non-core mortgage due diligence business, while retaining the core mortgage business with itself through other subsidiaries. "Wipro Gallagher Solutions Inc., a [...]
Debt-ridden Future Enterprises Ltd (FEL) on Thursday said it has defaulted on interest payment of Rs 86.18 lakh for its non-convertible debentures. The due date for payment was December 21, 2022, it said in a regulatory filing. "The Company is unable to service its obligations in respect of the interest on Non-Convertible Debentures... due on [...]
New India Assurance on Thursday said it has launched a product to offer insurance cover to drones, becoming the first public sector player to enter the segment. The unmanned aircraft system (UAS/UAV/RPAS/drone) insurance will cover large aircraft to solo flying gliders. Coverage will be offered to drone owners, operators and manufacturers, the company said in [...]
RIL's arm Reliance Strategic Business Ventures has acquired 23.3 per cent stake in US-based Exyn Technologies Inc for USD 25 million (about Rs 207 crore). Exyn is one of the leading autonomy technology companies, which enable drones and robots to navigate difficult terrains without GPS or other navigation technologies. "Reliance Strategic Business Ventures Limited (RSBVL), [...]
Telecom operator Bharti Airtel and Apollo Hospitals have carried out India's first 5G driven, artificial intelligence guided trial to detect colon cancer, the telecom firm said on Thursday. The trial was conducted using AI on Airtel's 5G technology with ultra-low latency and high processing capabilities, as a result of which the colon cancer was detected [...]
