New Delhi, Apr 26 (PTI) Azure Power Global on Tuesday announced that its board has accepted resignations of its chief executive officer Ranjit Gupta and chief operating officer Murali Subramanian. "Azure Power Global Ltd, a leading independent sustainable energy solutions provider and power producer in India, today announced that its board of directors have accepted [...]
New Delhi, Apr 26 (PTI) IT company Wipro Limited will acquire 100 per cent stake in Rizing Intermediate Holdings for about USD 540 million (around Rs 4,135 crore) in an all-cash deal to scale up its SAP consulting capabilities, the company said on Tuesday. US-based Rizing is the latest in a series of acquisitions by [...]
New Delhi, Apr 26 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd has signed a formal shareholder agreement for the USD 2 billion TA'ZIZ chemical joint venture in the UAE and inked a pact to collaborate with ADNOC in finding and producing conventional and unconventional resources. "Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA'ZIZ) and Reliance [...]
The merger of Jindal Stainless Ltd (JSL) and Jindal Stainless (Hisar) Ltd (JSHL) into a single entity has been approved by the shareholders and creditors of the two firms. As per the regulatory requirements, the two companies convened meetings of their respective shareholders and creditors for approving the Scheme of Arrangement between the two firms, [...]
Pune-headquartered Bajaj Housing Finance Ltd on Tuesday said it has received Rs 2,500 crore of equity capital from Bajaj Finance, its parent company. The capital, which was received on April 7, is the seventh and the largest round of capital infusion so far by Bajaj Finance to fund the housing finance company's future growth, according [...]
Kolkata, Apr 26 (PTI) Tea boutique Chai Chun is aiming at doubling its revenue in the next one year with expansion of retail outlets across the country, and is in talk with owners of two tea gardens in West Bengal's Darjeeling for acquisition, a company official said on Tuesday.The Siliguri-headquartered tea retailer clocks an annual [...]
New Delhi, Apr 26 (PTI) IT industry body Nasscom has appointed Krishnan Ramanujam, a senior executive at Tata Consultancy Services, as its Chairperson for 2022-23. Krishnan was the Vice Chairperson of the body. He succeeds Accenture's Senior Managing Director in India Rekha M Menon, who had served as the Chairperson for 2021-22. Nasscom (National Association [...]
New Delhi, Apr 26 (PTI) Realty firm Omaxe on Tuesday said it has raised Rs 440 crore from Värde Partners to expedite construction of its existing projects as well as expand business. Omaxe Group is developing integrated townships in New Chandigarh, Lucknow, Ludhiana, Indore and Faridabad. It is also developing a multilevel parking cum commercial [...]
New Delhi, Apr 26 (PTI) Cardinal Health, a global healthcare distribution company, on Tuesday said it has launched a new global capability centre in Bengaluru. The centre, named as Cardinal Health International India (CHII), will function as a global hub for IT, augmented intelligence and product software engineering, among others. CHII marks a large investment [...]
New Delhi, Apr 26 (PTI) Engineering and construction conglomerate Larsen & Toubro (L&T) on Tuesday entered into a pact with the Indian Institute of Technology Bombay to carry out a joint research and develop the green hydrogen technology. Hydrogen when produced through electrolysis process using renewable energy is known as green hydrogen which has no [...]
