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Infosys Developing 225 Gen AI Programs, Expanding in Engineering Services

Infosys Developing 225 Gen AI Programs, Expanding in Engineering Services

27 June 2024

To drive growth and investments, IT major Infosys is expanding its engineering services to tap into the Generative AI market. Chairman, Nandan Nilekani, at the 43rd Annual General Meeting, announced that Infosys is currently developing 225 Generative AI programs. The CEO of Infosys at the meeting also exclaimed that in the past year, the company …

Best Ship-Building Stocks to Invest In India

Best Ship-Building Stocks to Invest In India

27 June 2024

Increased Focus on Maritime Security Defence Minister Rajnath Singh, during his visit to the Eastern Naval Command in Visakhapatnam, emphasized India’s focus on bolstering maritime security and enhancing the Navy’s presence in the Indian Ocean Region. This visit highlighted the Indian Navy’s growing strength, driven by expanding shipyards and an increase in aircraft carriers, which …

Route Mobile Announces Proximus’ Strategic Partnership with Microsoft

Route Mobile Announces Proximus’ Strategic Partnership with Microsoft

27 June 2024

On June 27, 2024, Route Mobile Ltd informed in a stock exchange filing that Proximus, the holding company of Proximus Opal S.A./ N.V. (Opal), the holding company of Route Mobile Limited, had formally signed a 5-year strategic partnership with Microsoft. This partnership aims to bolster their digital leadership and accelerate innovative offerings for business and …

Infosys Settles Insider Trading Charges with SEBI

Infosys Settles Insider Trading Charges with SEBI

27 June 2024

In a development concerning insider trading allegations, Infosys, India’s second-largest IT services exporter, has reached a settlement with the Securities and Exchange Board of India (SEBI). Details of the Settlement Infosys CEO Salil Parekh has agreed to pay a penalty of ₹25 lakh for failing to implement adequate controls to prevent insider trading within the …

UPL Ltd establishes UPL Agri Mauritius Limited for agrochemical trading

UPL Ltd establishes UPL Agri Mauritius Limited for agrochemical trading

27 June 2024

On June 26, 2024, UPL Limited announced through a stock exchange filing that it had received a certificate of incorporation for its new wholly-owned subsidiary, UPL Agri Mauritius Limited. The acquisition of UPL Agri Mauritius Limited falls within related party transactions, as it is a wholly-owned subsidiary of UPL Limited and thus becomes a related …

Expansion Strategy: BLS International’s New Turkish Subsidiary

Expansion Strategy: BLS International’s New Turkish Subsidiary

27 June 2024

On June 26, 2024, BLS International FZE, a wholly-owned subsidiary of BLS International Services Limited, incorporated a new overseas wholly-owned subsidiary named BLS International Holding Anonim Şirketi under the Turkish Commercial Code. The newly formed overseas wholly-owned subsidiary, BLS International Holding Anonim Şirketi, has a substantial share capital of 700 million Turkish Liras. This figure …

JSW Energy Signs PPAs for 1,325 MW of Renewable Energy Projects

JSW Energy Signs PPAs for 1,325 MW of Renewable Energy Projects

27 June 2024

On June 26, 2024, JSW Neo Energy Limited, a subsidiary of JSW Energy Limited, announced new power purchase agreements (PPAs) for wind and solar projects with a total capacity of 1,325 MW. This includes 1,025 MW with the Solar Energy Corporation of India Limited (SECI) and 300 MW with Gujarat Urja Vikas Nigam Limited (GUVNL). …

Diamond Power Infrastructure Ltd Expands with New Subsidiary: DICABS Nextgen Special Alloys Pvt Ltd

Diamond Power Infrastructure Ltd Expands with New Subsidiary: DICABS Nextgen Special Alloys Pvt Ltd

27 June 2024

On June 26, 2024, Diamond Power Infrastructure Limited announced to the stock exchanges that it had successfully incorporated its wholly-owned subsidiary, DICABS Nextgen Special Alloys Private Limited. The Registrar of Companies, Ministry of Corporate Affairs, Govt. of India, issued the Certificate of Incorporation for this subsidiary on June 26, 2024. The acquisition of DICABS Nextgen …

Whirlpool of India Shares Surged To 52-Week High on Bosch Offer Speculation

Whirlpool of India Shares Surged To 52-Week High on Bosch Offer Speculation

27 June 2024

Whirlpool of India Ltd’s shares experienced a significant uptick to reach around Rs.2100, nearly its 52-week high today. Later on, the stock settled by an 8.77% rise to Rs.1,998.05 on the BSE and by 8.72% to Rs.1,997.20 on the NSE. This surge comes in the wake of a report suggesting that German engineering giant Robert …

Intellect Design Arena Secures Triple Global #1 Rankings at IBS 2024

Intellect Design Arena Secures Triple Global #1 Rankings at IBS 2024

26 June 2024

On June 26, 2024, Intellect Design Arena Ltd achieved significant recognition from the UK-based analyst firm IBS Intelligence. They’ve secured top rankings in 3 key banking categories: Retail Core Banking for 6 years running, Transaction Banking for 5 years, and Lending for 3 years. Additionally, Intellect placed second in 8 other fintech categories and maintained …

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