On August 8, 2024, Oil India Limited (OIL) announced its financial results for the quarter ending June 30, 2024. For Q1 FY25, OIL reported a profit after tax of ₹1,466.84 crore. The company contributed ₹507.75 crore in Special Additional Excise Duty (SAED) at USD 10.27 per barrel, up from ₹113.55 crore at USD 2.59 per …
On August 08, 2024, Hinduja Global Solutions (HGS) announced that its HGS Agent X, an advanced contact centre tool using artificial intelligence, has tripled its number of active users and clients. This tool is now a key component for high-quality contact centre operations. Since launching in 2022, HGS Agent X has significantly improved productivity, sales, …
On August 8, 2024, Exicom Tele-Systems Limited announced to the stock exchanges that its subsidiary, Exicom Power Solutions B.V. Netherlands, along with other step-down subsidiaries, had signed a definitive agreement. The agreement is to acquire the business and assets of the Tritium group of companies. Tritium, headquartered in Australia, is a leading global provider of …
JSW Energy Limited has announced a significant development involving its wholly-owned subsidiary, JSW Neo Energy Limited. The company has received a Letter of Award (LoA) from the Solar Energy Corporation of India (SECI) for the supply of 230 MW of Interstate Transmission System (ISTS) connected firm and dispatchable renewable energy (FDRE). This award is part …
The Competition Commission of India (CCI) has given its green light to the acquisition of 12 special purpose vehicles (SPVs) from PNC Infratech Limited and PNC Infra Holdings by Highway Infrastructure Trust (HIT). This transaction involves a 100% equity stake transfer, granting HIT complete management and control over these SPVs. Established as an irrevocable trust …
MTAR Technologies, one of the leading manufacturers of equipment for the defence, aerospace, nuclear, and clean energy sectors, has announced a significant export order from Bloom Energy Corporation valued at USD 16.73 million (approximately ₹140 crore). The order concerns the supply of power units and associated components for the clean energy fuel cells vertical. The …
Chola MS General Insurance, a prominent player in the non-life insurance sector, has entered into a strategic alliance with Mahindra Finance, a leading Non-Banking Finance Company in India. This collaboration aims to extend comprehensive motor and non-life insurance solutions to over 10 million Mahindra Finance customers. By leveraging Mahindra Finance’s extensive reach across India, Chola …
Karnataka Bank has taken a significant step towards digitalising tax payments by introducing GST payments through the Unified Payments Interface (UPI). As one of the first banks to offer this service, the bank has made it convenient for all GST-registered taxpayers, including its own customers, to seamlessly settle their GST liabilities. Previously, GST payments could …
On August 7, 2024, Phoenix Mills Limited (PML) announced it had acquired a valuable piece of land in Coimbatore, Tamil Nadu. The land is situated in a key location on Avinashi Road in Coimbatore. Astrea Real Estate Developers Private Limited, a subsidiary of PML with 67.1% ownership, acquired the land through buying shares and direct …
On August 07, 2024, Rain Carbon Inc. (RAIN), a wholly owned subsidiary of Rain Industries Limited, opened a new 30,000 sq. ft. industrial facility in Hamilton, Ontario, Canada. This new RAIN Innovation Center for Energy Storage Materials highlights Rain Industries Limited’s dedication to developing sustainable energy storage solutions. The centre features a demonstration facility for …
