On August 30, 2024, Mahindra Group and Sentrycs Ltd signed a non-binding Memorandum of Understanding (MoU) to explore opportunities to develop and offer unique anti-drone solutions in India, targeting civilian and military applications. This MoU focuses on technology related to anti-drone systems, aiming to transfer technology (TOT) and manufacture radio frequency-based counter-drone solutions in line …
The Ministry of Railways’ construction division, Rail Vikas Nigam Limited, is an Indian central public sector organization that manages project execution and the development of transportation infrastructure. Founded in 1949, Patel Engineering Ltd. is one of India’s top providers of construction and infrastructure services. The infrastructure industry encompasses a wide range of sectors in which …
The industrial equipment company 3M India Ltd. (3M India), a division of 3M Co., is focused on designing, producing, and distributing a variety of tools and services to suit a broad spectrum of market needs. Its product line consists of consumer goods, adhesives, automobile fillers, coatings, tamper-evident labels, and medical devices. The market segments served …
Prestige Estates Projects Ltd, a leading real estate developer based in Bengaluru, is preparing to launch a substantial qualified institutional placement (QIP) worth up to Rs. 5,000 crore. Sources suggest that the QIP could be announced as soon as this week. This move follows the board’s approval on June 21, aiming to issue new equity …
Jai Corp Ltd., known for its steel, plastic processing, and spinning yarn businesses, is making its first foray into share buybacks. Founded in 1985, the company is now planning to repurchase 29.44 lakh shares, representing 1.65% of its total equity. The buyback is priced at Rs.400 per share and is offering a 2% premium over …
Garden Reach Shipbuilders & Engineers Ltd (GRSE) announced that it has achieved a significant milestone by securing a landmark agreement with the National Highway Infrastructure Development Corporation Ltd (NHIDCL). The agreement is for the fabrication, supply, and launch of Double-Lane Class 70 modular steel and Bailey bridges. The memorandum of understanding (MoU) was signed by …
Reliance Industries Limited (RIL) announced at its 47th annual general meeting (AGM) on Thursday, August 29, that its Board will meet on September 5 to discuss a potential bonus issue. As India’s largest company by market capitalisation, RIL is considering giving out bonus shares at a 1:1 ratio, meaning one bonus share for every share …
Mukesh Ambani, chairman of Reliance Industries Limited, said during the company’s 47th annual general meeting that Reliance Jio now handles 8% of the world’s data traffic, making it the largest data company globally and turning India into the biggest data market. He also mentioned that the telecom company has completed its 5G network rollout nationwide …
The Indian conglomerate Reliance Industries anticipates its burgeoning new energy business to match the profitability of its core oil-to-chemicals segment within the next 5-7 years, according to Chairman Mukesh Ambani. Reliance’s new energy ventures encompass solar photovoltaic and fuel cell manufacturing, energy storage, and green hydrogen production. This diversification aligns with the company’s ambitious goal …
Tata Steel Limited has completed the acquisition of a 26% equity stake in TP Parivart Ltd (TPPL), a wholly-owned subsidiary of Tata Power Renewable Energy Ltd. (TPREL). TPPL is a leading player in the renewable energy sector, and Tata Steel’s investment in TPPL is part of its strategy to expand its presence in this growing …
