Building material manufacturer Visaka Industries Ltd on Tuesday said its Rs 130-crore plant that is being built in West Bengal will be operational by August 2023. The project will raise the total capacity of environment-friendly boards and panels to 3.5 lakh tonne, a company official said. This will be Visaka’s fifth cement fibre board plant [...]
Logistics firm Delhivery on Tuesday announced that it will acquire Pune-based supply chain solutions provider Algorhythm Tech to strengthen its offerings in this space. Post completion of the transaction, which is expected to be completed by next month, Algorhythm Tech will operate as a wholly-owned subsidiary of the company, Delhivery Ltd said, without disclosing the [...]
Construction firm Capacit'e Infraprojects Ltd on Tuesday said it has bagged an order worth Rs 117.20 crore from DLF Ltd for the construction of a mall in Goa. The contract amount of Rs 117.20 crore excludes GST and labour cess. "Capacit'e Infraprojects Ltd has been a preferred construction company for leading corporates in India. In [...]
Salasar Techno Engineering Limited (STEL) on Tuesday said it has bagged orders of about Rs 750 crore from Pashchimanchal Vidyut Vitran Nigam Limited (PVVNL). The work orders are for the development of distribution infrastructure for loss reduction in Bulandshahar, Hapur, Baghpat and Meerut districts of Uttar Pradesh under Revamped Reforms based and Result Linked Distribution [...]
New Delhi, Dec 20 (PTI) Oracle and Tata Motors on Tuesday announced the migration of the automotive company's entire Dealer Management System to Oracle Cloud Infrastructure (OCI). The move is expected to bolster the operational efficiencies of Tata Motors, with deeper business insights, greater security, increased flexibility, and cost optimisation, according to a statement. "With [...]
Motilal Oswal Asset Management Ltd on Tuesday announced that it will withdraw temporary suspension of subscriptions in five of its international funds from January 1, 2023. The asset management company (AMC) will now be accepting fresh subscriptions in these schemes via Lump-sum and Systematic Investment Options without any restrictions, according to a statement. The five [...]
Homegrown Axiscades Technologies on Tuesday said it has received a repeat work order to provide engineering services for product design for all aircraft programmes of global aerospace leader Airbus. In a statement, Axiscades said it has "bagged repeat work order to provide engineering services for product design and development and plant engineering for all Airbus [...]
Solar tracker provider Nextracker on Tuesday said it has inked a pact with Amara Raja Power Systems Selects to supply solar trackers for state-owned power giant NTPC's 306 MWp Nokh project. "Nextracker, the leading global provider of intelligent solar tracker and software solutions announced the signing of a master supply agreement (MSA) with Amara Raja [...]
Mortgage leader HDFC on Monday announced a 35 basis points increase in its retail prime lending rate and now the minimum rate will be 8.65 per cent. The revised rates would be effective from Tuesday. The retail prime lending rate on housing loans, on which the adjustable rate home loans are benchmarked, has been increased [...]
PTC India on Monday said it has entered into an agreement with Bhutan's electricity utility firm Druk Green Power Corporation Limited to supply 600 MW power to the neighbouring country during the winter season. "Bhutan, through Druk Green Power Corporation Limited, has entered into an agreement with PTC India Ltd, for purchase of power from [...]
