Dixon Technologies’ subsidiary, Padget Electronics, has recently signed a Memorandum of Understanding (MoU) with ASUS India to manufacture notebooks. This deal is part of the Production-Linked Incentive (PLI) 2.0 scheme, which plans to boost local manufacturing of IT products like laptops, servers, and tablets. Strengthening Ties with Asus Atul Lall, Vice Chairman and Managing Director …
Introduction Deccan Gold Mines Limited (DGML) has reached a significant milestone through its step-down subsidiary, Deccan Gold Mozambique LDA (DGMoZ). The company successfully completed its first export of lithium ore to China, marking the beginning of a new chapter in its operations and growth strategy. This achievement not only highlights DGML’s expanding presence in the …
CESC, which has been producing and distributing electricity in Kolkata and Hyderabad since 1899, is the country’s first fully integrated electrical utility company. The private sector is responsible for producing, distributing, and transmitting electricity. Serving 3.4 million residential, commercial, and industrial customers, we are the only electricity distributor in a 567-square-kilometer area that includes Kolkata, …
BPCL, or Bharat Petroleum Corporation Limited, is a prominent oil and gas enterprise in India. Processing crude oil and supplying petroleum products to Indian consumers is essential to the nation’s ability to meet its energy needs. BPCL is dedicated to guaranteeing the country’s energy security and has a significant presence in both the upstream and …
HCL Technologies Limited is a multinational Indian information technology consulting firm with its main office located in Noida. Established by Shiv Nadar, it separated out in 1991 when HCL began providing software services. The company employs over 220,000 people and maintains offices in 60 countries. HCL Technologies Limited has taken 100% stake in Zeenea: HCL …
On September 13, 2024, Moneyboxx Finance Limited announced raising ₹176 crore through the allotment of equity shares and convertible warrants. This includes ₹63 crore from a preferential equity issue and ₹113 crore from equity warrants, with funds coming from both promoters and non-promoters. So far, Moneyboxx has received ₹91 crore (₹63 crore from the equity …
On September 13, 2024, Max Healthcare Institute Ltd (MHIL), one of India’s largest private healthcare providers, announced a strategic partnership with Lakshadweep Group, the main promoter of Jaypee Healthcare Limited (JHL), which is currently in Corporate Insolvency Resolution Process (CIRP). This partnership will give MHIL a controlling stake in JHL, including its flagship 500-bed Jaypee …
The Great Eastern Shipping Company Limited (G E Shipping) has agreed to sell its 2005-built Suezmax crude tanker, Jag Lalit, which has a deadweight tonnage of around 1,58,344. The sale to an unrelated buyer is set for September 13, 2024, with the delivery expected by the third quarter of FY25. With this sale, G E …
On September 12, 2024, the State Bank of India (SBI), the country’s largest lender, informed that it had sanctioned a project loan of ₹10,050 crore to Damodar Valley Corporation (DVC) for the development of a 1,600 MW Ultra Super Critical Thermal Power Project. This project will involve the construction of 2 units of 800 MW …
Introduction: A Major Win for RailTel RailTel Corporation of India Limited, a Navratna PSU, has recently secured a significant project from Northern Railways worth Rs 19.7 crore. This order is set to enhance rail connectivity on the Dedicated Freight Corridor (DFC) feeder routes. This strategic win not only showcases RailTel’s growing prowess in the railway …
