Reliance Infrastructure Limited (RInfra) announced a strategic move to bolster its digital capabilities through the incorporation of a new subsidiary, Reliance Unlimit Private Limited (RUPL). This wholly-owned subsidiary of Reliance Energy Limited (REL), another RInfra subsidiary, positions Reliance to leverage advanced IT solutions and infrastructure for enhanced business operations. Fostering Business Growth Through Technology RUPL’s …
Techno Electric & Engineering Company (TEEC) announced the successful acquisition of M/s. NERES XVI Power Transmission Limited (NERES XVI PTL) on May 30, 2024. This strategic move significantly bolsters TEEC’s presence in the Indian power transmission sector. Competitive Bidding Secures Project Following a rigorous and transparent process, TEEC emerged as the winning bidder for the …
Cricket fever is gripping the nation, and Bharti Airtel (Airtel), India’s leading telecommunications provider, is ensuring its customers don’t miss a single moment of the action. Airtel has unveiled a comprehensive suite of special packs designed to deliver an uninterrupted and exhilarating viewing experience for the World’s Biggest T20 Cricket Tournament. Unbeatable Value for Prepaid …
Manganese Ore India Limited (MOIL), a leading Indian producer of manganese ore, has announced a string of impressive achievements for the month of May 2024 and the cumulative period of April-May 2024. This stellar performance underscores MOIL’s strong operational efficiency and strategic positioning within the global manganese ore market. Sales Hit New High In a …
On June 3, 2024, Xpro India Limited informed the stock exchanges that the company had incorporated a subsidiary, namely Xpro Dielectric Films FZ-LLC, in the Emirate of Ras Al Khaimah, United Arab Emirates. Details of the Newly Incorporated Company The newly incorporated subsidiary is a Free Zone Limited Liability Company. Xpro Dielectric Films FZ-LLC will …
On June 3, 2024, Adani Enterprises informed in an exchange filing that the board of directors of Stratatech Mineral Resources Private Limited (SMRPL), a wholly-owned subsidiary of the Company, has approved a proposed Scheme of Amalgamation (Scheme) under sections 230 to 232 and other applicable provisions of the Companies Act, 2013, along with the associated …
On June 3, 2024, Punjab National Bank (PNB) and India Infrastructure Finance Company Ltd (IIFCL) signed an agreement to offer long-term financial assistance to viable infrastructure projects. This collaboration aims to jointly fund infrastructure projects through a consortium or multiple lending arrangements, with both parties participating, pending thorough due diligence on a case-by-case basis. The …
On June 3, 2024, Aurigene Pharmaceutical Services Limited (“Aurigene”), a Dr. Reddy’s Laboratories Limited subsidiary, inaugurated a 70,000 sq. ft. biologics facility in Genome Valley, Hyderabad, India. The facility will support customers with the process, analytical development, and small-scale manufacturing of antibodies and other recombinant proteins for preclinical and early-phase clinical trials. While the process …
Mahan Energen Limited owns and operates a thermal power plant. The Company generates, transmits, and distributes electricity through coal. Mahan Energen serves customers in India. The company is a subsidiary of the Adani group power company, Adani Power. Mahan Energen to merge with Staratech Mineral The Adani Group’s Mahan Energen Ltd. has announced its decision …
Sapphire Foods is one of the largest franchisees of Yum! Brands Inc. in the subcontinent, and operates more than 400 KFC, Pizza Hut, and Taco Bell restaurants across India, Sri Lanka, and the Maldives. The underperforming Pizza Hut, KFC operator is considering a stock split. Sapphire Foods Ltd. to consider on June 19 Sapphire Foods …
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