Hinduja Global Solutions (HGS) on Wednesday said it has completed the acquisition of 100 per cent stake in TekLink International for USD 58.8 million, subject to earnouts and other agreed adjustments. HGS is a provider of solutions in digital consumer experience (CX), business process management and digital media services. TekLink International Inc, on the other [...]
Maruti Suzuki India on Wednesday said its total wholesales increased 5 per cent to 1,72,321 units in February. The country's largest carmaker had dispatched 1,64,056 units to its dealers in February 2022. Domestic wholesales rose 11 per cent to 1,55,114 units as compared with 1,40,035 units in February last year, the automaker said in a [...]
Tata Power Renewable Energy Ltd (TPREL) has received an investment of Rs 2,000 crore from GreenForest New Energies Bidco with allotment of 20 crore preference shares to the latter. "TPREL...has received the second and final round of investment of Rs 2,000 crore from GreenForest and has successfully allotted 20,00,00,000 Compulsorily Convertible Preference Shares (CCPS) at [...]
As per reports, it has come to notice that there is a block deal performed between the Japanese multinational conglomerate SoftBank Group and its investee logistics company Delhivery. SoftBank Group owns around 18 per cent and laid off around 3.4 per stake worth Rs 600 crore through block deals as of 1st of March, 2023. [...]
Bharat Electronics Ltd. (BEL) a Navratna PSU company announced that it has signed a Frame Supply Agreement with Thales Reliance Defence Systems (TRDS), Nagpur, for the manufacture and supply of TR Modules, Radar LRUs (Line Replaceable Units) and Micro Modules. TRDS was incorporated in June 2017 under the Indian Companies Act, 2013. It is a [...]
In the latest budget, the government had a focus on the Indian textile industry and announced an allocation of more than Rs 4,000 Crore towards the sector. Recently, the Apparel Export Promotion Council (AEPC) made a statement and said that India’s merchandise exports will reach US$1 Trillion by 2030, owing to this contribution to the [...]
Sanjeev Kumar Choudhary has taken charge as Executive Director and State Head, Bihar State Office, IndianOil, the nation's largest oil firm said. He would be spearheading the marketing activities of the states of Bihar and Jharkhand. Choudhary succeeds Vibhash Kumar who recently superannuated from the services of the corporation. The company in a statement on [...]
India's power consumption logged a year-on-year growth of over nine per cent to 117.84 billion units in February this year, according to government data. The robust growth of power consumption indicates sustained momentum of economic activities in February. Experts had earlier said that power consumption and demand would register a substantial increase in March due [...]
Mundra Aluminium Limited (MAL), a wholly-owned subsidiary of Adani Enterprises has emerged as the “preferred bidder” for a bauxite block in Odisha. Following the announcement, the shares of Adani Enterprises appreciated to the tune of 15% to ₹ 1568.00 apiece against its previous close of ₹ 1363.85. According to an exchange filing, MAL had participated [...]
The Madhya Pradesh government on Wednesday presented a Rs 3.14 lakh crore state budget for 2023-24, even as the Opposition Congress staged a walkout from the Assembly on the issue of hike in the LPG cylinder price. Congress members including former ministers Tarun Bhanot, Vijay Laxmi Sadho and Jitu Patwari created ruckus in the House [...]
