On September 10, 2024, a significant Memorandum of Understanding (MoU) was signed between a consortium of Indian entities – OIL India Limited, OVL, and KABIL – and International Resources Holding RSC Ltd (IRH) from the UAE. This strategic partnership aims to foster global collaboration in the critical mineral supply chain, with a primary focus on …
The sugarcane and sugar industry in India is the 2nd largest agro-based sector, after cotton. India leads the world in sugar production, with ~34 million metric tons produced in 2023-2024. This sector supports the livelihoods of sugarcane farmers in rural areas and employs around 5,00,000 workers in sugar mills. There are several companies contributing to …
On September 11, 2024, Aurionpro Solutions Limited secured a major order from the Municipal Corporation of Panvel (PMC) for the Panvel Safe City initiative, marking a significant milestone in urban security advancements. As the appointed Technology Partner, Aurionpro will spearhead the implementation of cutting-edge surveillance and smart city technologies designed to enhance the safety and …
PDS has announced a groundbreaking trade financing facility in collaboration with HSBC Bank Middle East Ltd, marking a significant milestone for both parties. The new facility, unveiled at a signing ceremony in Dubai, will enable PDS to deploy substantial working capital towards key strategic initiatives worldwide. This partnership highlights a progressive step in integrating sustainable finance …
Record High for Bajaj Auto Shares Amid Block Deal Shares of Bajaj Auto surged to a fresh record high on Wednesday, rising by 3.5% during the trading session. The stock saw robust trading activity, with volumes crossing 4 lakh shares on the NSE within the first one and a half hours of the session. The …
Shares of Arvind Fashions Ltd (AFL) saw a modest gain of 0.53% on Wednesday, signaling an intriguing day of trading for the company. The stock opened at Rs 587, marking the highest price of the day on the NSE before dipping to an intraday low of Rs 566.80. However, the most notable aspect of the …
The Competition Commission of India (CCI) has approved Dixon Technologies (India) Ltd’s proposal to acquire a 6.5% stake in Aditya Infotech Ltd. Dixon Technologies, is known for its Electronic Manufacturing Services (EMS) business. The company provides solutions for products such as televisions, lighting, washing machines, and security systems. Transaction Details In July 2024, Dixon Technologies …
Steel Strips Wheels Limited (SSWL) announced a strategic move further to its intimation dated December 22, 2022, by entering into a Supplementary Shareholders Agreement with Clean Max Astria Private Limited (CMAPL) and its promoter Clean Max Enviro Energy Solutions Private Limited (CMEESPL). The agreement, signed on September 10, 2024, outlines SSWL’s additional investment of …
Hindustan Zinc Limited has announced that its premium-grade zinc was used in galvanising India’s heaviest transmission steel pole structure. The massive 400 kV dual-pole structure, standing at ~57 metres, was galvanised using a mix of Hindustan Zinc’s low-dross jumbo special high-grade zinc and SHG zinc ingots. The company stated that this process provides protection …
On September 11, 2024, Gensol Engineering Limited, in collaboration with Matrix Gas & Renewables Ltd, announced their joint project to establish India’s first Green Hydrogen Valley in Pune. The Gensol-Matrix partnership will set up a Green Hydrogen production plant on a Build, Own, and Operate (BOO) basis to supply Green Hydrogen to the speciality …
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