RailTel was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia networks, to modernize the train control operation and safety system of Indian Railways. It is a “Miniratna” PSE of the Government of India. At present, RailTel’s network passes through around 6,000 stations across the country, covering all …
GE Power India Limited (GEPIL) announced a significant new order securing a Letter of Intent from NTPC GE Power Services Pvt. Limited (NGSL) for the renovation and modernisation of steam turbines at Wanakbori Thermal Power Station (TPS) Units 1 & 2. This project focuses on enhancing the performance and longevity of the existing LMZ steam …
Hindustan Zinc Limited (HZL) informed in a stock exchange filing that it has entered into a Memorandum of Understanding (MoU) with AEsir Technologies, Inc., a US-based company specialising in advanced zinc battery technologies. According to the MoU, Hindustan Zinc will be the primary supplier of zinc, a critical raw material for AEsir Technologies’ next-generation batteries. …
On June 21, 2024, Tata Consultancy Services Limited informed in a stock exchange filing that it had expanded its strategic partnership with Xerox through a landmark, end-to-end transformation program. This initiative aims to accelerate Xerox’s evolution into a simplified, services-led, software-enabled organisation. Under the agreement, TCS will consolidate Xerox’s technology services to enhance business outcomes, …
On June 21, 2024, Sun Pharmaceutical Industries Limited (Sun Pharma and its subsidiaries and associate companies) signed a non-exclusive patent licensing agreement with Takeda Pharmaceutical Company Limited. This agreement allows Sun Pharma to market Vonoprazan tablets, available in 10 and 20 mg doses, in India under the brand name “Voltapraz”. Vonoprazan is a new, orally …
On June 20, 2024, Tata Motors announced the launch of Tata Motors Fleet Verse, a comprehensive digital marketplace for the company’s commercial vehicles. The new marketplace will facilitate all transactions through Tata Motors’ extensive pan-India dealership network, utilising a direct-to-dealer payment ecosystem. Key features of Fleet Verse include: Smart Search Vehicle Discovery: Explore Tata Motors’ …
On June 20, 2024, HFCL Limited issued a corporate guarantee in favour of Axis Finance Limited to secure a rupee term loan of ₹60 crore that HTL Limited has availed of/will avail of. This guarantee is detailed in an agreement outlining its significant terms and conditions, primarily concerning the amount guaranteed and the obligations of …
Sun Pharmaceutical Industries Ltd., has announced a partnership with Takeda Pharmaceutical Company Ltd. This collaboration aims to introduce an innovative gastrointestinal (GI) drug in the Indian market. The memorandum of understanding (MoU) between the two companies marks a pivotal step in increasing the availability of advanced treatments for gastrointestinal conditions in India. Collaboration Details Under …
In a recent interview, RR Kabel’s promotor and Managing Director, Shreegopal Kabra, discussed various topics related to the company’s business strategies, product developments, and regulatory concerns. RR Kabel was listed in 2018 and since then the company hasn’t seen many internal changes but the listing did make it easier to raise funds for the company, …
The Hinduja Group has initiated a bond sale process aimed at raising Rs.73 billion (approximately $890 million) to facilitate its acquisition of Reliance Capital, marking a major move in the sector. The group is positioning itself to finalize this substantial deal, showcasing its plans to expand its footprint in the financial services industry. Details of …
