Tata Technologies Ltd., a leading engineering services provider, has received a notice from the Chhattisgarh government to cancel the upgrade of Industrial Training Institutes (ITIs) in the state. In response, the company has accepted the termination of the agreement and has initiated steps to refund the funds held in escrow. Termination of the Agreement The …
On August 12, 2024, Tata Consultancy Services (TCS) announced that it has rolled out mobile checkout at all Croma stores, marking a first for the Indian retail industry. Using its TCS OmniStore™ platform, which combines AI technology, TCS has made the checkout process faster and improved the shopping experience both in-store and online. This new …
On August 11, 2024, Sterling and Wilson Renewable Energy Limited (SWREL), a top renewable EPC company in India, announced that it had secured a significant contract to handle the engineering, design, testing, and commissioning of a 400 MW AC / 633 MW DC solar PV plant in Rajasthan. The project also includes supply and construction …
On August 10, 2024, Aurobindo Pharma Limited released its consolidated financial results for the quarter ending June 30, 2024. Aurobindo Pharma reported a 10.5% year-over-year increase in revenue from operations, reaching ₹7,567 crore, driven by strong performance across its business segments. The company’s US formulations (excluding Puerto Rico) saw a 13.3% YoY growth, contributing ₹3,555 …
IndusInd International Holdings Limited (IIHL) has recently announced that it deposited Rs.2,750 crore into the escrow account designated by the Committee of Creditors (CoC) and Vistra. This deposit was made a day before the August 10 deadline set by the National Company Law Tribunal (NCLT). It was important for the ongoing insolvency resolution of Reliance …
Hindustan Zinc Ltd (HZL), a prominent name for zinc and silver, is expected to declare a special dividend amounting to Rs.6,000 crore this month, according to industry reports which comes on the heels of a recent order by the National Company Law Tribunal (NCLT), allowing the company to transfer Rs.10,383 crore from its general reserves …
On August 10, 2024, UPL Limited announced that UPL Hong Kong, a step-down subsidiary, has informed about its investment in Uniphos International China Limited (UICL). Uniphos International China Limited (UICL) operates in the agricultural chemicals industry and was newly incorporated on August 5, 2024. As a newly established company, UICL still needs to have available …
In a significant financial sector development, CVC Capital Partners, a global private equity giant, has announced a major acquisition in India. The firm is set to take control of Aavas Financiers, a leading non-banking financial company (NBFC) specializing in affordable housing loans. This acquisition not only marks a milestone for CVC Capital but also highlights …
In response to recent reports, Mahindra & Mahindra Ltd. has categorically denied claims that it is seeking government approval for a $3 billion investment in collaboration with China’s Shaanxi Automobile Group. The reports suggested the creation of an integrated car manufacturing facility in Gujarat, which Mahindra has now dismissed as unfounded. Mahindra Denies Reports of …
Anup Engineering Ltd. has secured two major contracts valued at over Rs.100 crore, marking an achievement for the company. These orders focus on the manufacturing and supply of pressure vessels crafted from complex metallurgies—a specialized area where Anup Engineering has shown expertise in the past few years. About 90% of the order is tied to …
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