On July 9, 2024, Diamond Power Infrastructure Ltd disclosed to the stock exchange that it has secured a significant letter of intent (LOI) from Adani Energy Solutions Limited worth ₹899.75 crore (inclusive of GST). The letter of intent pertains to the supply of AL 59 Conductors, which are New Generation Aluminum Alloy Conductors. This contract, …
Maruti Suzuki India Ltd, India’s largest carmaker, has announced significant enhancements to its warranty programs, effective from July 9, 2024. The standard warranty for all vehicles has been extended to 3 years or 1,00,000 km, a notable increase from the previous 2 years or 40,000 km coverage. The company stated that this enhancement encompasses critical …
About Order GE Power India Limited (GPIL) has secured a significant order from Mangalore Refinery and Petrochemicals Limited (MRPL), a prominent domestic entity. This contract strengthens GE Power India’s position in the power equipment supplier market and signifies its continued contribution to the Indian energy sector. The details of the order reveal that GPIL will …
SAR Televentures Ltd, a public listed company on the NSE Emerge platform, has signed a revenue-sharing agreement with Bharat Sanchar Nigam Limited (BSNL) to expand its service offerings. The agreement allows SAR Televentures to provide BSNL’s fixed, wireless, and broadband telecom services to end users in Mohali (Rural). This collaboration is a significant development for …
India’s general insurance industry is witnessing a significant surge, fueled by a growing demand for motor and health insurance policies. The first quarter of the financial year saw a robust 13.33% increase in gross written premium (GWP), with June alone reporting a healthy 8.76% increase. This positive trend reflects a growing awareness among Indian consumers …
Infosys announced a strategic five-year partnership with Sector Alarm, a leading European security provider, to modernise its core business systems. This collaboration focuses on migrating Sector Alarm’s on-premise ERP platform to the cloud-based solution, Microsoft Dynamics 365 Finance and Operations (F&O). Key Benefits for Sector Alarm Streamlined Operations: Infosys’ expertise in cloud-powered ERP transformation will …
India’s energy giant, the Oil and Natural Gas Corporation (ONGC), has unveiled a bold plan to achieve net-zero carbon emissions by 2038. This 200-page roadmap outlines a two-pronged approach: aggressively investing in clean energy sources while simultaneously curbing its environmental footprint from existing operations. Investing in a Greener Future ₹2 Lakh Crore Commitment: ONGC will …
JSW Steel, India’s leading integrated steel company, has reported a consolidated crude steel production of 6.35 million tonnes for the first quarter of FY 2024-25. While this represents a slight dip of 1% year-on-year and 6% quarter-on-quarter, it’s important to note this is due to planned maintenance shutdowns. Despite this, JSW Steel’s Indian operations maintained …
On July 9, 2024, Rail Vikas Nigam Limited (RVNL) announced multiple developments at the company to the stock exchanges. Letter of Acceptance from Maharashtra Metro Rail Corporation Limited (Nagpur Metro) RVNL announced that it has received a Letter of Acceptance from Maharashtra Metro Rail Corporation Limited (Nagpur Metro) for the construction of six elevated metro …
On July 9, 2024, The Phoenix Mills Limited informed in a stock exchange filing that the company’s subsidiary, Sparkle One Mall Developers Private Limited, announced a strategic investment in O2 Renewable Energy XIII Private Limited (O2 Renewable XIII), underscoring its commitment to sustainable energy solutions. Sparkle One Mall Developers has made an investment of ₹4,68,27,820, …
