Latest News on Corporate Actions

New Delhi, Feb 14 (PTI) JSW One MSME, a platform offering an e-commerce marketplace for small and medium-size manufacturers and contractors, on Monday launched one-stop seller connect app that allows sellers to catalogue and sell industrial products on the platform. Sellers can create catalogues, set prices, manage orders and resolve customer queries using the seller [...]

Mumbai, Feb 14 (PTI) Global private equity major Blackstone on Monday announced that it has acquired a majority stake in ASK Investment Managers, a nearly three-decade old asset and wealth management company managing over USD 10.6 billion in assets. The US-based private equity fund has acquired the majority stake from its peer Advent International and [...]

Mumbai, Feb 14 (PTI) Force Motors has supplied 49 Gurkha SUVs to the Kerala police for border patrolling and other related activities, the Pune-based automaker said on Monday. The vehicles were inducted in the state police department's fleet on February 11, it said. Force Motors bagged the order for the supply of the all-new Gurkha [...]

New Delhi, Feb 14 (PTI) Healthcare delivery platform Asia Healthcare Holdings (AHH) on Monday said it has inked a pact to raise USD 170 million (around Rs 1,284 crore) from Singapore's sovereign wealth fund GIC. Incubated by TPG Growth in 2016 under the leadership of Vishal Bali, AHH owns and operates South Asia's largest single specialty [...]

Kolkata, Feb 13 (PTI) The total dividend payout by Coal India during the current fiscal is likely to be higher than the 2020-21 financial year as the miner is expected to post healthy revenue and growth in profit, sources said on Sunday. A "decent second interim dividend" for 2021-22 is likely to be announced on [...]

Mumbai, Feb 13 (PTI) Air India has asked its cabin crew to wear minimal jewellery to avoid delays at security checks and not to visit duty-free shops after completing the immigration process as part of the Tatas-owned airline's efforts to improve on-time performance. Since it took over loss-making Air India on January 27, Tatas has [...]

New Delhi, Feb 13 (PTI) Amid allegations of delay in filing of complaint against the country's biggest bank fraud totaling Rs 22,842 crore, State Bank of India (SBI) on Sunday said it has been diligently following the ABG Shipyard fraud case with the CBI following the forensic audit report. The Central Bureau of Investigation (CBI) [...]

New Delhi, Feb 13 (PTI) Sitting on a huge cash pile, Godrej Properties plans to invest around Rs 7,500 crore over the next 12-18 months on acquisition and development of new real estate projects. In an interview with PTI, Godrej Executive Chairman Pirojsha Godrej sounded upbeat on the growth potential in the housing and commercial [...]

New Delhi, Feb 13 (PTI) Tata Motors is expecting CNG cars contribution to grow up to 20 per cent gradually in its total sales over the next 3 to 5 years as it anticipates more entry-level petrol and diesel customers to opt for such models, a top company official has said. The Mumbai-based auto major [...]

New Delhi, Feb 12 (PTI) Budget carrier AirAsia India on Saturday said its pact with full service carrier Air India on passenger transfer in case of disruption in operations is a "standard" one and it has similar arrangements with other airlines as well. Air India and AirAsia India have entered into an agreement that will [...]

New Delhi, Feb 11 (PTI) Air India and AirAsia India have entered into an agreement that will allow them to carry each other's passengers in case there is a disruption of operations, according to a communication. Both airlines are part of the Tata Group. Th arrangement, effective for two years starting from this month, will [...]

New Delhi, Feb 11 (PTI) The Competition Commission on Friday approved acquisition of certain stake in Sajjan India Ltd by Sona Company. The proposed transaction relates to investment in Sajjan India by way of acquisition of equity shares, according to a combination notice filed with the regulator. Sajjan India is engaged in manufacture of chemical [...]

New Delhi, Feb 11 (PTI) Fintech company Revolut, backed by SoftBank and Tiger Global, on Friday said it has acquired foreign exchange services company Arvog Forex through its subsidiary as it gears up to start operations in India. While the company did not disclose the financial details of the transaction, a source, who did not [...]

New Delhi, Feb 11 (PTI) Alkem Laboratories on Friday said it has inked a licence agreement with Harvard University's Office of Technology Development (OTD) to develop and commercialise a novel technology for effective treatment of diabetic neuropathy, foot ulcers, peripheral arterial disease (PAD) and other injuries caused by vascular disease. Developed in the lab of [...]

New Delhi, Feb 11 (PTI) Bharti Airtel's data network faced disruption for a brief duration, around 5 minutes, across India due to a technical glitch, and the network was fully normalized within a few minutes, the company said on Friday. Several Airtel users on Twitter complained that both their mobile data and broadband connection stopped [...]

New Delhi, Feb 11 (PTI) Hero Electric on Friday said it has tied up with State Bank of India (SBI) for retail finance for its customers.The customers can now ride home their favourite company scooter at the lowest interest rates across India for a hassle-free experience, Hero Electric said in a statement."There is strong demand [...]

New Delhi, Feb 11 (PTI) Beauty Brand Renee Cosmetics on Friday said it has raised USD 10 million (Rs 75 crore) in funding from Mensa Brands along with existing investors. The brand will use the capital to expand its product line and grow digital and offline presence, said a statement from Renee Cosmetics. "The round [...]

Mumbai, Feb 11 (PTI) Commercial electric vehicle maker Altigreen on Friday said it has raised Rs 300 crore (USD 40 million) in a funding round for capacity expansion, new products launch and to develop a pan-India network. The Series A investment is led by Sixth Sense Ventures, along with Reliance New Energy, Xponentia Capital, Accurant [...]

New Delhi, Feb 11 (PTI) The second and third days of auction of coal blocks for commercial use saw Jindal Steel and Power bagging Utkal-C coal mine in Odisha, while Hindalco Industries made the highest bid for Meenakshi mine in the eastern state. While BS Ispat Ltd emerged as the highest bidder for Majra mine [...]

New Delhi, Feb 11 (PTI) Auto component firm Sundaram-Clayton Ltd (SCL) on Friday said it has appointed R Gopalan as Chairman of the Board with effect from April 1.Gopalan has rich experience in the economic and financial administration of the country with long stints in the Ministry of Commerce and Finance and manufacturing and service [...]

New Delhi, Feb 11 (PTI) BharatPe chief executive Suhail Sameer in a communication to employees has stated that there were a couple of "serious allegations" of governance lapses, which warranted a fine-tooth-comb audit of governance practices by outside experts.He requested them to keep their trust in the leadership amid co-founder Ashneer Grover's tussle with the [...]

Kolkata, Feb 11 (PTI) EVC Global, which currently offers location and mapping service of electric charging stations operators across the country on its app, is seeking angel funding to install 10,000 such stations by 2022, a company official said. Sensing opportunity in the electric charging station, other startups have also announced their plans to install [...]

New Delhi, Feb 10 (PTI) Desi soft drink brand Thums Up has become a billion-dollar brand in 2021, global soft drinks major The Coca-Cola Company, which owns the brand, said. "Our local Thums Up brand became a USD one billion brand in India, driven by focussed marketing and execution plans," said The Coca-Cola Company Chairman [...]

New Delhi, Feb 10 (PTI) Global food and beverages major PepsiCo on Thursday reported a double-digit volume growth in the Indian market in 2021. PepsiCo's net revenue in 2021 from Africa, Middle East, South Asia (AMESA) division, which includes India, was up 32.91 per cent to USD 6.07 billion as against USD 4.57 billion earlier. [...]

New Delhi, Feb 10 (PTI) Tata Steel Long Products on Thursday said its board has approved raising up to Rs 13,000 crore through issuance of non-convertible redeemable preference shares on private placement basis to parent firm Tata Steel. The funds raised would be used to meet the financial requirements to give effect to Tata Steel's [...]

New Delhi, Feb 10 (PTI) Adani Wilmar Ltd's market capitalisation on Thursday crossed over Rs 50,000 crore on NSE and the shares zoomed as much as nearly 20 per cent to lock in upper circuit limit.On NSE, the scrip rallied 19.99 per cent to the upper price band of Rs 386.25.As per NSE data, market [...]

New Delhi, Feb 10 (PTI) Torrent Power has inked a share purchase agreement with Blue Diamond Properties Pvt Ltd and Balrampur Chini Mills to acquire 100 per cent stake in a 25 MW solar power plant at an enterprise value of Rs 163 crore. The company will acquire 100 per cent stake of Visual Percept [...]

New Delhi, Feb 10 (PTI) Shares of Mahindra Lifespace Developers Ltd on Thursday surged nearly 20 per cent to its 52-week high after announcing that it will buy 9.24 acres from Mahindra & Mahindra Ltd.On BSE, the scrip zoomed 19.99 per cent to its upper circuit limit of Rs 320.55.Similarly, on NSE, the shares rallied [...]

New Delhi, Feb 10 (PTI) Online travel services provider Cleartrip on Thursday said it is planning to hire 400 persons to take the total headcount to 700 by December 2022. This new hiring will take Cleartrip's workforce to around 700 employees by December 2022, a three-fold jump from 240 employees in October 2021, the company [...]

New Delhi, Feb 10 (PTI) IPO-bound Ola is looking to expand its financial services business and also obtain an NBFC licence through the acquisition route, sources said. Ola is said to be in talks to acquire at least 3 companies to augment its engineering, product as well as loan management capabilities to support the rapid [...]

Jammu, Feb 10 (PTI) The Jammu and Kashmir government on Thursday signed a pact with New Zealand for the transformation of the sheep farming sector in the Union territory, officials said. The agreement between the two sides was signed through the virtual mode in the presence of Lieutenant Governor Manoj Sinha and Navin Choudhary, principal secretary [...]

New Delhi, Feb 10 (PTI) Cement maker ACC Ltd on Thursday said it has been declared as successful bidder for Kannur Limestone Block in Karnataka. Through this mining block, the company has secured estimated limestone resources above 250 million tonnes, ACC said in a statement without disclosing its bid amount. This limestone block is in [...]

New Delhi, Delhi, India (NewsVoir) 101India, a digital content brand, has joined hands with EAST NFT to foray into the Non-Fungible Tokens (NFT) ecosystem. 101India, which is a part of Offbeet Media Group, has been a pioneering digital content brand bringing unique stories from India which cut across all genres. Its content which ranges from [...]

New Delhi, Feb 10 (PTI) Petronet LNG Ltd, the operator of the world's largest liquefied natural gas (LNG) import terminal, will invest Rs 40,000 crore over next 4-5 years, including in overseas supply sources, its CEO A K Singh said on Thursday. Petronet plans to make foray into the petrochemical business by investing Rs 12,500 [...]

Mumbai, Feb 10 (PTI) Pre-owned car retailing platform Spinny on Thursday said it has acquired 100 per cent stake in Ahmedabad-based startup Scouto, a move that marks consolidation in the AI-powered used car solutions space. The company, however, did not disclose the amount it paid for the buyout. The connected car platform was backed by [...]

New Delhi, Feb 10 (PTI) Telecom operator Bharti Airtel on Thursday announced a new video streaming service, Airtel Xstream Premium, that brings together content from 15 popular video apps, with single subscription at an introductory price of Rs 149 a month. Airtel is eyeing 20 million new users for this paid offering, according to Adarsh [...]

New Delhi, Feb 10 (PTI) IT company Persistent Systems will acquire assets of Data Glove for USD 90.5 million (about Rs 677 crore) in an all-cash deal, the company said in a regulatory filing on Thursday.Through this deal, Persistent will acquire assets of Data Glove Inc, USA, with assets of its Indian subsidiary and affiliate [...]

New Delhi, Feb 9 (PTI) Tata Steel on Wednesday said that its arm has accepted a letter of award (LoA) for the acquisition of a 93.71 per cent stake in Neelachal Ispat Nigam Ltd (NINL) and added that the process for the buyout is likely to be completed in the next couple of months. On [...]

Kolkata, Feb 9 (PTI) Availability of long-term finance for infrastructure projects in the country is a challenge, which calls for changes in financial regulation as such development initiatives have lengthy gestation periods, an official said on Wednesday. Speaking at a webinar organised by BCCI, state-run IIFCL Managing Director P R Jaishankar said, "Majority of funds [...]

New Delhi, Feb 9 (PTI) Leading provider of investor and issuer solutions KFin Technologies on Wednesday announced the acquisition of Hexagram Fintech, an IT product company specialising in fund accounting and reconciliation product development.       Post this acquisition, Hexagram will become a wholly-owned subsidiary of KFin Technologies, according to a statement.     [...]

New Delhi, Feb 9 (PTI) Dr Reddy's Laboratories on Wednesday said it has launched vasopressin injection, which is used to control frequent urination, increased thirst, and loss of water caused by diabetes, in the American market.The company has launched the product, a generic version of Par Pharmaceuticals' Vasostrict, in the US market after getting approval [...]

New Delhi, Feb 9 (PTI) Startup consulting and SaaS firm xto10x Technologies on Wednesday said it has raised USD 25 million (about Rs 186.9 crore) in funding led by its co-founder Binny Bansal.The series A funding round also saw participation from 28 founders and senior leaders of the startup ecosystem in India and Southeast Asia."The [...]

New Delhi, Feb 9 (PTI) Fintech firm Karbon Card on Wednesday announced to have USD 15 million, about Rs 112 crore, in a Series-A funding round led by Olive Tree Capital. Harmony and AvenirGrowth Capital also participated in the funding round. Existing investors Ramp, Mercury and Orios Venture Partners also invested, the company said in [...]

New Delhi, Feb 9 (PTI) Lagnam Spintex, the manufacturer of high-quality cotton yarns in India, on Wednesday said it plans to invest Rs 218 crore for the expansion project to double its present manufacturing capacity.The company, which is planning towards the expansion project of 41,472 spindles, expects to get an additional topline (revenue) growth of [...]

New Delhi, Feb 9 (PTI) Leading investor and issuer servicing platform KFin Technologies on Wednesday announced the acquisition of Hexagram Fintech, an IT product company specializing in fund accounting and reconciliation product development. Post this acquisition, Hexagram will become a wholly-owned subsidiary of KFin Technologies, according to a statement. The financial details of the transaction [...]

New Delhi, Feb 9 (PTI) Anil Agarwal Foundation, the CSR arm of Vedanta Ltd, on Wednesday signed a memorandum of understanding with the Rajasthan government to develop 25,000 modernised Anaganwadis called Nand Ghars across 13 districts.The initiative to establish 25,000 Nand Ghars is aimed at impacting more than 10 lakh children and 7.5 lakh women [...]

New Delhi, Feb 9 (PTI) The Supreme Court Wednesday sought a response from the Future group on Amazon's plea against the January 5 order of the Delhi High Court staying the ongoing arbitration proceedings before an arbitral tribunal over Future Retail’s Rs 24,500-crore merger deal with Reliance.A bench comprising Chief Justice N V Ramana and [...]

New Delhi, Feb 9 (PTI) Sistema.bio has raised USD 15.6 million (about Rs 115 crore) through a Series-B investment round that included a mix of equity, debt and non-dilutive capital."Sistema.bio announces the close of a Series-B investment round of USD 15.6 MN that included a mix of equity, debt and non-dilutive capital to support the [...]

New Delhi, Feb 8 (PTI) Private sector IDFC First Bank on Tuesday said it has raised Rs 1,500 crore in its maiden issue of tier-2 bonds on a private placement basis, to a set of marquee domestic investors including LIC. IDFC First Bank has raised Rs 1,500 crore through private placement of unsecured, subordinated, rated, [...]

New Delhi, Feb 8 (PTI) Torrent Power on Tuesday said it has received a Letter of Intent (LoI) to acquire 51 per cent equity stake in Dadra and Nagar Haveli and Daman/and Diu Power Distribution Corporation Ltd. The company is to be incorporated for holding assets of the Electricity Department, Daman and Diu and DNH [...]

New Delhi, Feb 8 (PTI) Bengaluru-based wealth management platform Wealthy.in on Tuesday said it has raised Rs 56 crore in Series A round of funding led by Alpha Wave Incubation. New investor Savrola Group and existing investors Venture Highway, Good Capital & Emphasis Ventures also participated in the round. "With the latest round of funding, [...]

New Delhi, Feb 8 (PTI) Digital meeting platform Airmeet on Tuesday announced to have raised Rs 260 crore in series B funding from new as well as existing investors. New investors Prosus Ventures, Sistema Asia Fund, RingCentral Ventures, KDDI Open Innovation Fund, DG Daiwa Ventures and Nexxus Global participated in the funding round, while existing [...]

Mumbai, Feb 8 (PTI) Infrastructure lender India Infrastructure Finance Company Ltd (IIFCL) is planning to invest Rs 2,000 crore in infrastructure bonds and Rs 1,500 crore in infrastructure investment trust (InvIT) by end-March 2022, a top company official said. "We hope to do (invest) about Rs 2,000 crore in bonds and another Rs 1,500 crore [...]

New Delhi, Feb 8 (PTI) State-run SJVN Ltd is looking to develop 10,000 MW solar power projects entailing investment of Rs 50,000 crore in the next five years in Rajasthan. "SJVN has submitted its intention to develop 10,000 MW solar power projects in next five years in Rajasthan," a company statement said. According to the [...]

New Delhi, Feb 8 (PTI) Competition Commission has given its nod for the acquisition of athenahealth Group by funds managed and advised by H&F, Bain, and GICSI, and Minerva Holdco Inc. The company, headquartered in US, is a cloud-based provider of medical record, revenue cycle, patient engagement, care coordination, and population health services, as well [...]

Mumbai, Feb 8 (PTI) Bugworks Research, a clinical stage multi-indication therapeutics startup, has raised USD 18 million (around Rs 134 crore) in a funding round by Lightrock India and existing investors, including the University of Tokyo Edge Capital and Japanese investment house Global Brain Corporation. 3One4Capital India, Acquipharma Holdings, IM Holdings, Featherlite Group India, Lord [...]

Mumbai, Feb 8 (PTI) The IFC-backed Mintifi, a B2B-focused buy-now-pay-later platform, has raised USD 40 million (about Rs 300 crore) in its series-C round led by Norwest Venture Partners and Elevation Capital. With this the company has raised equity and debt worth USD 60 million. This funding will enable it to expand their capital base [...]

New Delhi, Feb 8 (PTI) Bajaj Electricals Ltd would demerge its power transmission and distribution (T&D) business into a separate company in a move to create a sector-focused firm and streamline the management structure. The board of Shekhar Bajaj-led company on Tuesday approved the scheme of arrangement between Bajaj Electricals (the demerged company) and Bajel [...]

New Delhi, Feb 8 (PTI) Life Insurance Corporation (LIC) did not pay any dividend to the government in the last financial year and used the free reserves to increase its paid-up capital, which has now risen to Rs 6,325 crore, the government told Rajya Sabha on Tuesday. In 2019-20 fiscal, the insurance behemoth, which is [...]

Mumbai, Feb 8 (PTI) Denim retailer Pepe Jeans London on Tuesday said it has appointed Manish Kapoor as Managing Director India, starting 2022.Kapoor has been promoted as the Managing Director in continuation of his current role as Chief Executive Officer, India, the company said in a statement.In his new role Kapoor will be instrumental in [...]

New Delhi, Feb 8 (PTI) The government has received Rs 914 crore from state-owned GAIL as a dividend tranche, DIPAM Secretary Tuhin Kanta Pandey said on Tuesday.With this, the total dividend receipts of the government from CPSEs stand at Rs 41,240 crore."Government has received about Rs 914 crore from GAIL as dividend tranche," Pandey tweeted. [...]

New Delhi, Feb 8 (PTI) Hero Electric on Tuesday said it has tied up with OTO to offer low-cost financing solutions on its scooters for B2B companies. The partnership will facilitate easy financing options for the B2B space, the electric two-wheeler maker stated. “Electric two-wheeler financing is the biggest growth driver towards mass adoption in [...]

Mumbai, Feb 8 (PTI) IndiGo Co-Founder and Managing Director Rahul Bhatia has said the airline needs to continue expanding its domestic and "regional international footprint" besides strengthening the cargo franchise in the near term. In an e-mail to employees on Tuesday, Bhatia, who was appointed as the Managing Director on February 4, said that he [...]

Chennai, Feb 8 (PTI) MangoPoint, engaged in preserving and promoting high-quality mangoes and mango products, has raised Rs 1.82 crore from investors led by The Chennai Angels, the company said on Tuesday. MangoPoint was founded by Manjula Gandhi Rooban and Prasanna Venkatarathnam in 2018 with the vision of taking India's national fruit to the world [...]

New Delhi, Feb 7 (PTI) JSW Energy on Monday said that India Ratings has upgraded its long-term credit rating to IND AA (stable) from IND AA- (stable). "Long-term credit rating of JSW Energy Ltd has been upgraded to IND AA (stable) from IND AA- (stable) by India Ratings Pvt Ltd, the wholly-owned Indian subsidiary of [...]

Mumbai, Feb 7 (PTI) Trifecta Capital on Monday announced a Rs 1,500 crore fund raise to be invested in equity issuances by domestic companies. The company, which has traditionally been in venture debt, had launched the Trifecta Leaders Fund - I, its maiden offering on equity, in May 2021. It announced a first close in [...]

New Delhi, Feb 7 (PTI) Noida-based OneTo11 on Monday announced that it has raised USD 2.5 million in its private and seed funding round. The investment round was led by a wide selection of investment and capital groups and global blockchain investors like Jason Stone and Carl Runefelt. "The company plans to utilise the acquired [...]

Amaravati, Feb 7 (PTI) The HPCL’s Visakha Refinery is set for modernisation and expansion at a cost of Rs 26,264 crore. “This is by far a massive industrial project ever in Andhra Pradesh,” BJP MP G V L Narasimha Rao said in a statement here on Monday. Under the Visakha Refinery Modernisation Project (VRMP), the [...]

Mumbai, Feb 7 (PTI) Satsure, a start-up working at the intersection of space tech, artificial intelligence (AI), and software-as-a-service (SaaS), has raised USD 5 million in the pre-Series-A funding round led by Baring Private Equity India, along with ADB Ventures (Asian Development Bank's venture capital arm). The Bengaluru-based start-up said other investors who participated in [...]

New Delhi, Feb 7 (PTI) Meesho, an e-commerce firm backed by SoftBank and Facebook, on Monday said it will permanently allow its employees to work from home, office or any location of their choice. The company will be headquartered in Bengaluru and will look to set up remote offices across the country based on talent [...]

Mumbai, Feb 7 (PTI) Pfizer India on Monday appointed Pradip Shah as the chairman of its board following the resignation of R A Shah on February 3. Announcing the appointment, S Sridhar, the managing director of the company, said with Pradip Shah's elevation as the chairman, the firm will work closely with him on matters [...]

Mumbai, Feb 7 (PTI) Axis Mutual Fund on Monday said it is targeting to collect Rs 500 crore from its new state government debt index fund. The open-ended target maturity index fund investing in constituents of the Crisil IBX SDL index-May 2027 offers high interest rate risk and a relatively low credit risk. The fund [...]

Mumbai, Feb 7 (PTI) Minda Industries Ltd (MIL), the flagship firm of the UNO MINDA Group, on Monday said it is increasing its stake in the subsidiary company Minda Kosei Aluminum Wheels (MKA) to 77.35 per cent from 70 per cent, with an investment of Rs 61.2 crore in the venture. The existing shareholders and [...]

New Delhi, Feb 7 (PTI) CMS IT Services, a managed services and system integration player, has named Anuj Vaid as Chief Executive Officer (CEO).In a statement, CMS IT Services said Vaid has a vision to transform the company with modernised digital services, differentiated delivery models and explore new markets to enhance stakeholder value.His appointment as [...]

New Delhi, Feb 7 (PTI) Gaming company Atirath has raised funds from Kalaari Capital in a seed round, according to a statement.The amount of fund raised was not disclosed.The proceeds will be used to strengthen products to evolve and develop the economic model of game metaverse and towards expansion plans."Game development company Atirath has raised [...]

New Delhi, Feb 7 (PTI) API Group backed diagnostics chain Thyrocare Technologies on Monday said it has appointed Rahul Guha as the company's Managing Director and Chief Executive Officer with effect from May 16, 2022. A graduate of IIM-B, Guha has spent almost 17 years at Boston Consulting Group (BCG), where he has led the [...]

Mumbai, Feb 7 (PTI) Dvara SmartGold on Monday announced a USD 2-million fundraise from seed fund Axilor and Dvara Holdings. The company's Interim Chief Executive Jaydeep Banerjee said it serves over 70,000 customers currently and the capital raised will be used to expand across India footprint for micro-savings and introducing other financial products centred on [...]

Mumbai, Feb 7 (PTI) Express distribution and supply chain management firm Gati Ltd has appointed Anish Mathew as its Chief Financial Officer.In his role as CFO, he will play a pivotal role in managing the core financial and fiscal management aspects of the company, besides leading the entire finance function of Gati Ltd on a [...]

Mumbai, Feb 7 (PTI) US-based battery technology firm C4V on Monday said it has rolled out a cell tech platform Lithium slim energy reserve in India to address various challenges, including supply chain, cost and battery performance.Lithium slim energy reserve (LiSER) brings a cobalt and nickel free lithium-ion battery cell technology, providing 40-50 per cent [...]

The surgery made use of a new-age custom-made 3D printed light weight titanium implant to reconstruct the patient's entire chest bone (sternum) and ribs which were imperative for his survival after cancer resection BENGALURU, India, Feb. 7, 2022 /PRNewswire/ -- Mr. Sohail Akhter (name changed), 50 years of age from Bangladesh was suffering from a [...]

Achieves this industry milestone for the third consecutive year NEW DELHI, Feb. 7, 2022 /PRNewswire/ -- IPM India Wholesale Trading Private Limited (IPM India), a country affiliate of Philip Morris International, Inc. (PMI), announced that it has successfully obtained the Top Employer 2022 Certification from Top Employers Institute for the third year in a row, [...]

Mumbai, Feb 7 (PTI) Commercial vehicle maker Ashok Leyland on Monday said it will supply 200 trucks to the Bangladesh government as part of a USD 2-billion line of credit announced by Prime Minister Narendra Modi.As part of the order, 135 built trucks have already been delivered to Bangladesh, Ashok Leyland said in a statement.The [...]

New Delhi, Feb 7 (PTI) KKR-backed Virescent Renewable Energy Trust ((VRET) has raised Rs 650 crore through domestic bond issue. "Virescent Renewable Energy Trust (VRET) raised Rs 650 crore through a domestic bond issuance across 7.33-year (Rs 150 crore) and 10-year (Rs 500 crore) tranches," a VRET statement said. According to the statement, this transaction [...]

Jaipur, Feb 6 (PTI) The Rajasthan government will be signing MOUs with major players in the renewable energy sector, capturing investment of Rs 3.05 lakh crore under Invest Rajasthan Campaign. The companies that will be signing MOUs or letters of intent are five PSUs, including NTPC, NHPC, SJVN Limited, THDC India Ltd., SECI and private players [...]

New Delhi, Feb 6 (PTI) Ports-to-energy conglomerate Adani Group has incorporated a new subsidiary to set up a data centre in Mumbai, one of the half a dozen cities that the billionaire Gautam Adani's group has identified to set up data centres initially. AdaniConnex Pvt Ltd, a 50:50 joint venture of Adani Enterprises and EdgeConnex [...]