India’s largest IT services company, Tata Consultancy Services (TCS) is gearing up to distribute salary hike letters for the financial year 2025. News reports indicate that the increments will range between 4%-8%, with revised salaries expected to be reflected in April 2025. This announcement comes shortly after Infosys, another IT giant, declared that its employees …
StarBigBloc Building Material Ltd, a wholly-owned subsidiary of BigBloc Construction Limited, has announced the acquisition of land for a greenfield AAC Block manufacturing facility in Indore, Madhya Pradesh. This strategic move is expected to enhance the company’s presence in central India, catering to the growing demand for sustainable construction materials. Share price of BigBloc Construction …
In a significant stride towards strengthening India’s advanced battery manufacturing capabilities, the Ministry of Heavy Industries (MHI), Government of India, has signed a Programme Agreement with Reliance New Energy Battery Limited, a subsidiary of Reliance Industries Limited. The agreement, signed on February 17, 2025, grants Reliance New Energy a 10 GWh capacity under the Production …
Boubyan Bank, a leading Islamic bank in Kuwait, has taken a significant step towards modernising its transaction banking capabilities. The bank has successfully implemented the second phase of Intellect Global Transaction Banking’s (iGTB) eMACH.ai Digital Transaction Banking (DTB) solution. Intellect Global Transaction Banking (iGTB) is the transaction banking business unit of Intellect Design Arena Ltd. …
Mahanagar Gas Limited (MGL) holds a dominant position in the gas distribution sector in Greater Mumbai. The company primarily thrives on its compressed natural gas (CNG) business, which forms the bulk of its revenue. Additionally, MGL supplies piped natural gas (PNG) to industrial, commercial, and residential consumers, expanding its footprint in the clean energy sector. …
Bajaj Consumer Care Ltd (BCCL) to acquire 100% stake in Vishal Personal Care Pvt. Ltd. in a deal valued at ₹108.3 crore. The total estimated transaction value is ₹120 crore. The acquisition will take place in two phases, an initial purchase of 49% stake, followed by the remaining 51% in the second tranche. Vishal Personal …
Zomato Ltd has launched Nugget, an AI-native customer support platform to automate and streamline business interactions. Announced by co-founder and Group CEO Deepinder Goyal on February 17, the platform is built as a no-code tool that businesses can use without needing a dedicated development team. Built as an Internal Tool Nugget was initially developed for …
Zaggle Prepaid Ocean Services Limited has announced a strategic partnership agreement with Redington Limited (Redington) to co-create an employee benefits solution. The partnership aims to offer innovative benefits to Zaggle’s corporate clients, leveraging Google’s involvement via Redington. This collaboration signifies an important step in expanding Zaggle’s corporate offerings. On February 18, 2025, Zaggle share price opened at ₹346.00, up …
Anant Raj Ltd has entered into an agreement with CSC Data Services India Ltd (CDSIL), a subsidiary of CSC E-Governance Services India Ltd. The partnership focuses on providing rack rental (co-location data centres) and cloud services to government departments and private organisations. Details of the Agreement Under this agreement, Anant Raj Cloud Pvt. Ltd (ARC), …
Tech Mahindra Limited has announced the approval of a merger between its two wholly-owned subsidiaries, Tech Mahindra Cerium Systems Inc. (TMCS) and Tech Mahindra (Americas) Inc. (TMA). Details of the Merger The Board of Directors of both companies approved the Plan of Merger on February 17, 2025. The merger is subject to regulatory approvals in …
