On July 2, 2024, HCL Technologies Limited (HCLTech) announced a new partnership with IBM to establish a Generative AI Center of Excellence (GenAI CoE) based on IBM’s Watsonx™ AI and data platform. This initiative will be hosted at HCLTech’s AI and Cloud Native Labs across Noida, London, New Jersey, and Santa Clara. It aims to …
Happiest Minds Technologies Limited achieved significant recognition, as it was honoured with the prestigious ‘CNBC-TV18 India Risk Management Award 2024’ in the mid-cap category. The award ceremony, held at St. Regis, Mumbai, saw Raja Sekher, Executive Vice President and head of Engineering and Business Excellence, and Sriranga Krish, Vice President of Finance, accept the accolade. …
SEPC Limited informed in a stock exchange filing that the company’s wholly-owned subsidiary, Shriram EPC (FZE), has successfully concluded the execution of the Share Purchase Agreement to acquire a 75% stake in ALMOAYYED Electrical Equipment & Instrumentation Systems LLC (AEEIS), headquartered in Bahrain. This acquisition was facilitated with the support of the company’s promoter, Mark …
De Nora India Limited (De Nora India), a leading provider of water technologies, has secured a significant contract valued at ₹38,71,58,00 (inclusive of all duties and taxes) from Nuclear Power Corporation of India Limited (NPCIL). This contract signifies a major win for De Nora India and reinforces its expertise in the nuclear power sector. Project …
TechNVision Ventures Limited announced through a stock exchange filing that its affiliate, Solix Technologies Inc., has launched Solix ECS, an intelligent document management solution tailored for accounting and finance teams. The company stated that outdated paper-based and fragmented file management systems can significantly hamper productivity in today’s dynamic business environment. Solix ECS leverages advanced cloud …
On July 02, 2024, Man Infraconstruction Ltd (MICL) informed in a stock exchange filing that MICL TIGERTAIL LLC has been incorporated as a joint venture entity in Miami, Florida, USA. This JV entity is a collaboration between MICL Global, INC, a wholly-owned subsidiary of Man Infraconstruction Ltd. This joint venture does not fall under related …
In a significant development related to an insurance claim dispute, the Delhi State Consumer Disputes Redressal Commission has dismissed the New India Insurance Co. Ltd. (New India Insurance) ‘s appeal. This decision upholds an earlier order awarding substantial compensation to Sheela Foam Limited (Sheela Foam). Background of the Dispute On April 04, 2024, the District …
Patanjali Foods Ltd, a leading player in the Indian edible oils market, announced a strategic move to expand its product portfolio and solidify its position in the fast-moving consumer goods (FMCG) sector. The company has entered into a definitive agreement to acquire the entire non-food business undertaking of Patanjali Ayurved Ltd (PAL) for a total …
DCX Systems Ltd (DCX), a leading manufacturer of electronic systems and cable harnesses, has secured a significant contract win. The company announced today that it has been awarded a contract valued at ₹1,250 crore (plus applicable taxes) from Larsen & Toubro Limited (L&T), a reputed Indian conglomerate. This contract signifies a major boost for DCX …
On July 1, 2024, Tata Steel UK received confirmation from the Unite Union that they are suspending both their current work slowdown and the planned strike scheduled to begin on July 8. A spokesperson from Tata Steel mentioned that with this assurance, they will stop preparing for the early shutdown of Blast Furnace 4 and …
