In a significant development, Rail Vikas Nigam Limited (RVNL), a public sector company under the Ministry of Railways, has entered into a Memorandum of Understanding (MoU) with Dhaya Maju Infrastructure (Asia) Sdn Berhad (DMIA). This collaboration aims to tap into emerging opportunities in the ASEAN region and beyond, particularly in the railway infrastructure sector. Objective …
On August 20, 2024, Ola Electric announced that its mass-market scooters, the S1 X 3 kWh and S1 X 4 kWh, have been certified for compliance with the Production Linked Incentive (PLI) Scheme for the automobile and auto components sector. Both scooters successfully met the government’s 50% minimum localisation requirement, as set by the Ministry …
ABB has achieved a major milestone by delivering over 10 gigawatts (GW) of automation solutions for renewable energy plants in India. This achievement comes after starting with a 100-megawatt project seven years ago. ABB’s IoT-based PLC solution has been used nationwide for over 300 renewable energy projects. The PLC-based SCADA system from ABB collects and …
On August 21, 2024, Thomas Cook (India) Limited and its Group Company, SOTC Travel, introduced a new Customer Self-Service (CSS) holiday app, building on their digital-first strategy. This app, available for both iOS and Android, offers a smooth, end-to-end post-booking experience for customers. Previously, managing post-booking tasks like visas, flights, hotel vouchers, itineraries, attractions, and …
On August 21, 2024, L&T’s Transportation Infrastructure division has been awarded a significant project under the Navi Mumbai Airport Influence Notified Area (NAINA) in Maharashtra. The project, granted by City and Industrial Development Corporation Limited (CIDCO), involves comprehensive infrastructure development for several Town Planning Schemes. The project includes the development of 60m and 45m wide …
Schaeffler India Limited informed the stock exchange that the company has launched a digital campaign featuring its latest ad film for the Schaeffler TruPower Wiper Blades. The company added that these wiper blades are crucial for maintaining clear visibility during adverse weather conditions. The TruPower range is engineered for superior performance and durability, ensuring optimal …
On August 21, 2024, RateGain Travel Technologies Limited (RateGain) announced that Thai International Public Company Limited (Thai Airways) had chosen RateGain for a multi-year partnership with RateGain’s specialised platform for airlines, AirGain. This collaboration is part of Thai Airways’ strategy to enhance its pricing strategies across its extensive network of both domestic and international routes, …
Mankind Pharma Limited, one of the leading players in the Indian pharmaceutical industry, made headlines in 2023 with its Initial Public Offering (IPO). In this article, let’s check how the company has performed since its listing. IPO Overview Mankind Pharma’s IPO, which launched in April 2023, was highly anticipated due to the company’s strong market …
Kotak Mahindra Group-backed Phoenix Asset Reconstruction Company (ARC) has announced a major asset sale, seeking expressions of interest (EoIs) for a substantial portfolio of non-performing assets (NPAs) valued at over ₹3,550 crore. This significant move is aimed at offloading a mix of secured and unsecured loans that are currently classified as distressed. According to a …
On August 20, 2024, Adani Krishnapatnam Port in Andhra Pradesh unveiled a state-of-the-art cargo handling system designed to significantly enhance its capacity and productivity. This latest development represents a major upgrade to the port’s existing infrastructure, promising to transform the management of both containerised and bulk cargo operations. The newly introduced system incorporates advanced technology …
