On August 29, 2024, Genus Power Infrastructures Limited announced the incorporation of 5 wholly-owned step-down subsidiaries. These newly established entities, created on August 28, 2024, are Genus Braj Smart Metering SPV Private Limited, Genus Bikana Smart Metering SPV Private Limited, Genus Banas Smart Metering SPV Private Limited, Genus Marudhara Smart Metering SPV Private Limited, and …
On August 29, 2024, S.J.S. Enterprises Limited announced a strategic move to enhance its sustainability efforts by finalising an agreement for a solar power initiative. The company has entered a Share Subscription & Shareholders’ Agreement and a Power Supply & Offtake Agreement with Sunsource Energy Private Limited (SEPL) and Suryaurja One Private Limited (SOPL). This …
Anant Raj Limited announced a significant strategic move of acquiring 100% equity shares of Sheetij Properties Private Limited, a company engaged in real estate development. This acquisition was approved by the Finance and Investment Committee during their meeting on August 29, 2024. Following this transaction, Sheetij Properties Private Limited will become a wholly-owned subsidiary of …
On August 29, 2024, NBCC (India) Limited announced a significant milestone in its real estate endeavours: the complete sale of 100% of the office space inventory at World Trade Center (WTC) Nauroji Nagar, New Delhi, and the full sale of retail and commercial space at Downtown Sarojini Nagar, New Delhi. World Trade Center, Nauroji Nagar, …
Infosys Limited announced that it has expanded its collaboration with NVIDIA to develop AI-powered, customer-centric solutions aimed at driving innovation and operational excellence for telecommunications companies. Utilising Infosys Topaz, an AI-first suite of services, solutions, and platforms powered by generative AI technologies, this partnership will enable telcos to enhance customer experiences, streamline network operations, and …
ITI Limited, the first public sector unit established in India after independence and a leading telecom manufacturing company, has secured its initial order for Electronic Voting Machines (EVMs) from the State Election Commission (SEC) of West Bengal. The order is for the supply of 500 EVM sets following a successful demonstration to the SEC in …
At the close of the trading session on August 29, 2024, Nifty 50 was up 0.40%, and Sensex was up 0.43% to close at 25,151 and 82,134, respectively. Top Gainers and Losers On the sectoral front, the Nifty Oil and Gas, Nifty FMCG, Nifty Auto and Nifty IT saw gains. On the other hand, Nifty …
NLC India Limited, a Navratna company under the Ministry of Coal and the first Central Public Sector Enterprise (CPSE) to achieve 1 GW of solar power generation in India, has signed a Power Usage Agreement in Hyderabad with Telangana State DISCOMs. This agreement is for 200 MW of solar power at a competitive and affordable …
On August 28, 2024, the Competition Commission of India (CCI) granted its approval to the proposed merger worth ₹70,350 crore ($8.5 billion) between Reliance Industries Limited (RIL), Viacom18 Media Private Limited (Viacom18), Digital18 Media Limited, Star India Private Limited (SIPL), and Star Television Productions Limited (STPL), subject to the fulfilment of certain voluntary conditions. This …
KEC International Ltd, a leading global infrastructure EPC player and a part of the esteemed RPG Group, has clinched significant new orders of ₹1,171 crore in its Transmission and Distribution (T&D) business. These prestigious projects include: A 400 kV Transmission line in the United Arab Emirates (UAE) further solidifies KEC’s presence in the rapidly growing …
