Tata Power Company has announced that its wholly owned subsidiary, TP Renewable Microgrid Limited (TPRMG), a leading solar microgrid company in India, has signed a Memorandum of Understanding (MoU) with the National Dairy Development Board (NDDB). NDDB is renowned for its transformative impact on India’s rural economy through its cooperative dairy model. This collaboration aims …
Tata Elxsi has announced to the stock exchanges that it will use Wind River®’s Studio Developer to enhance its DevSecOps processes. This partnership aims to optimise Tata Elxsi’s development workflows and bolster its capabilities in creating software-defined vehicles (SDVs). Wind River Studio Developer is an edge-to-cloud DevSecOps platform designed to expedite the development, deployment, and …
On July 24, 2024, Transindia Real Estate Limited announced that it had acquired a 6.62% stake in AGL Warehousing Private Limited from Contech Solutions Private Limited. As a result, AGL Warehousing has become a wholly-owned subsidiary of Transindia Real Estate Limited. Objective of Acquisition Transindia Real Estate Limited already holds a 93.38% stake in AGL …
About Order GE Power India Limited has announced that it has received a Letter of Intent (LoI) from Gujarat State Electricity Corporation Limited (GSECL) for inspection works on a turbine-generator at the GSECL Wanakbori Thermal Power Station (TPS). The order, valued at Rs 1.75 crore (excluding GST), is a testament to GE Power India’s expertise …
On July 25, 2024, Insolation Energy Ltd (INA) announced its performance for the quarter ended June 30, 2024, in a stock exchange filing. The company has delivered a remarkable performance for the quarter ending June 30, 2024, showcasing an impressive 181.86% year-on-year volume growth on a consolidated basis. The company’s revenues for Q1 of FY …
The Indian government has abruptly halted its planned ₹30,000 crore equity infusion into state-owned oil giants Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL). This reversal comes on the heels of a record-breaking fiscal year for these companies, which collectively amassed a staggering ₹81,000 crore in profits. Initially proposed in …
Linde India, formerly known as BOC India, operates in the industrial, medical, and special gases sector. The company underwent a name change following its acquisition by Germany-based Linde AG in 2006, the global merger between Linde AG and Praxair Inc. in 2018 led to the formation of Linde Plc, with Linde India and Praxair India …
Indian Energy Exchange Limited (IEX) announced robust financial results for the quarter ended June 30, 2024 (Q1 FY25), marked by record-breaking power demand and increased trading volumes. Trading Volume and Revenue Surge The exchange witnessed a significant 21.1% year-on-year (YoY) growth in total trading volume, reaching 30.4 billion units (BUs). This surge was driven by …
The State Bank of India was founded on July 1, 1955, and has been successfully operating for the past 69 years. It has 22,219 branches and 62,617 ATMs in India, along with 229 branches in 31 countries internationally. The State Bank of India (SBI) has signed a non-binding Memorandum of Understanding with the UK’s Foreign, …
Dish TV India Ltd. has announced plans to raise Rs.1,000 crore through the issuance of various securities. The company has not yet finalized the method for raising capital but is considering a range of options including equity shares, convertible bonds, debentures, warrants, preference shares, and foreign currency convertible bonds. These could be issued through preferential …
