Renewable energy solution provider Suzlon has bagged a 99-MW wind energy project from Vibrant Energy. "Suzlon Group has received an order from Vibrant Energy for 33 wind turbine generators featuring its new 3 MW (each) series with a Hybrid Lattice Tubular tower for a 99 MW wind power project which is expected to be commissioned [...]
IT major TCS and Intellect Design Arena are in the race for a contract for the development of an advanced version of public procurement portal GeM, sources said. The government invited tenders for new GeM (Government e-marketplace) portal development work in February-March this year and after scrutiny of the bids, TCS and Intellect Design Arena [...]
Indian Hotels Company Ltd (IHCL) on Tuesday announced the signing of a 400-key Taj branded hotel at Indira Gandhi International Airport's Terminal 3 in New Delhi in partnership with Chalet Airport Hotel. The 400-key hotel will be situated adjacent to the Indira Gandhi International Airport's Terminal 3, an integrated terminal used for both international and [...]
Competition Commission on Friday opened an inquiry into alleged non-compliance with the order passed by the regulator in October last year with respect to Play Store policies, according to a source. The watchdog has issued a show cause notice with specific questions and has asked the internet major to submit its response in four weeks. [...]
TP Saurya has signed a power purchase agreement with Tata Power Trading Company Ltd (TPTCL) to set up a 200 MW solar project at Bikaner in Rajasthan. TP Saurya Ltd (TPSL) is a subsidiary of Tata Power Renewable Energy Limited (TPREL), which is an arm of Tata Power. With the latest win, the total renewable [...]
Shares of Adani Total Gas and Adani Transmission fell in morning trade on Friday after MSCI announced that the two companies will move out of the MSCI India Index with effect from May 31. The stock of Adani Total Gas tumbled 5 per cent to Rs 812.60 -- its lower circuit limit -- on the [...]
State-owned Oil and Natural Gas Corporation (ONGC) has discovered crude oil and natural gas in two blocks in Mumbai offshore, the company said on Thursday without giving details of reserves found. The discoveries, which have been named 'Amrit' and 'Moonga', were made in the blocks that the company won in recent open acreage licensing rounds. [...]
The initial public offering (IPO) of Nexus Select Trust, the first REIT backed by rent-yielding retail real estate assets, was subscribed 5.45 times on the last day of subscription on Thursday. The Rs 3,200-crore share sale received bids for 101.03 crore units against 18.52 crore units on offer, according to an update available with the NSE. [...]
German retailer METRO AG on Thursday announced the completion of the sale of its Indian cash & Carry business to Reliance Retail Ventures Ltd (RRVL), which holds the retail empire of Reliance Industries Ltd. The deal includes all 31 wholesale stores operated by METRO Cash & Carry India and the entire real estate portfolio (6 [...]
Billionaire Gautam Adani's conglomerate is looking to raise USD 2-2.5 billion through an equity share sale in the boldest comeback strategy after the ports-to-energy conglomerate was rocked by allegations of fraud levelled by a US short seller. Boards of two group companies will meet on May 13 to consider fundraising, according to stock exchange filings. [...]
