On June 6, 2024, Mphasis Limited announced that it had achieved the Specialised Pega Partner Distinction in the Americas for Insurance. As a key collaborator with Pega, a premier provider of enterprise AI decisions and workflow automation platforms, Mphasis leverages its deep expertise in Pega, particularly in the insurance sector. This allows them to develop …
On June 05, 2024, the Ministry of Defence (MoD) took a significant step towards enhancing accessibility for defence pensioners by signing Memoranda of Understanding (MoUs) with 4 leading banks. This strategic collaboration expands the reach of the SPARSH (System for Pension Administration Raksha) initiative by onboarding the Bank of India, Canara Bank, Central Bank of …
Torrent Pharmaceuticals Limited (Torrent), a leading player in the Indian pharmaceutical industry, announced a strategic move to match the growing burden of Gastroesophageal Reflux Disease (GERD) in the country. Torrent Pharmaceuticals has entered into a non-exclusive patent licensing agreement with Takeda Pharmaceuticals to commercialise Vonoprazan, a novel potassium-competitive acid blocker (P-CAB), in India. Torrent will …
Intellect Global Consumer Banking (iGCB), a leading provider of consumer banking unit of Intellect Design Arena Limited, unveiled its groundbreaking eMACH.ai Digital Engagement Platform (eMACH.ai DEP) at Money20/20 in Amsterdam. This innovative platform promises to revolutionise how banks in the region interact with their customers. eMACH.ai DEP goes beyond traditional engagement tools. It leverages AI …
The Indian Energy Exchange (IEX), India’s leading power-trading platform, announced impressive results for the month of May 2024. The exchange witnessed a surge in overall volume, reaching 10,633 Million Units (MU), reflecting a year-over-year (YoY) increase of 28.9%. Key Highlights Electricity Trading: Electricity volumes reached 9,568 MU in May 2024, representing a substantial 21% growth …
On June 5, 2024, Century Textiles & Industries Limited announced that it has partnered with Barmalt India Pvt Ltd to develop a group of luxury residential homes in Sector 31 of Gurugram through its wholly-owned subsidiary Birla Estates Pvt Ltd, the Aditya Birla Group’s real estate venture. The 13.27-acre land tract has approximately 2.4 million …
Uno Minda Limited (formerly Minda Industries Limited), a leading Tier-1 automotive supplier, has announced a significant step towards strengthening its position in the growing Indian electric vehicle (EV) market. The company has entered into a Technical License Agreement (TLA) with Suzhou lnovance Automotive Co., Ltd (lnovance Automotive) of China. Expanding E-Mobility Portfolio The said strategic …
Adani Power has announced that Mirzapur Thermal Energy U.P. Private Limited (MTEUPL) has become its subsidiary following a preferential allotment of shares. Adani Power has been allotted 50,00,000 equity shares of Mirzapur Thermal Energy U.P. Private Limited, each valued at ₹10, resulting in Adani Power acquiring a 99.8% equity stake in MTEUPL. Consequently, Mirzapur Thermal …
The benchmark index S&P BSE 500 opened today at 33,646.87 and made its day high at 33,888.66, and it is trading in green today, up by more than 1.5%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Jupiter Wagons Ltd …
Consumers across India are feeling the pinch at the grocery store as milk prices rise again. Major milk companies like Amul and Mother Dairy announced a ₹2 per litre increase in milk prices starting June 3, 2024. On Sunday, the Gujarat Cooperative Milk Marketing Federation (GCMMF), known for its Amul brand, announced a nationwide increase …
