On September 10, 2024, a significant Memorandum of Understanding (MoU) was signed between a consortium of Indian entities – OIL India Limited, OVL, and KABIL – and International Resources Holding RSC Ltd (IRH) from the UAE. This strategic partnership aims to foster global collaboration in the critical mineral supply chain, with a primary focus on …
On September 11, 2024, Aurionpro Solutions Limited secured a major order from the Municipal Corporation of Panvel (PMC) for the Panvel Safe City initiative, marking a significant milestone in urban security advancements. As the appointed Technology Partner, Aurionpro will spearhead the implementation of cutting-edge surveillance and smart city technologies designed to enhance the safety and …
PDS has announced a groundbreaking trade financing facility in collaboration with HSBC Bank Middle East Ltd, marking a significant milestone for both parties. The new facility, unveiled at a signing ceremony in Dubai, will enable PDS to deploy substantial working capital towards key strategic initiatives worldwide. This partnership highlights a progressive step in integrating sustainable finance …
Record High for Bajaj Auto Shares Amid Block Deal Shares of Bajaj Auto surged to a fresh record high on Wednesday, rising by 3.5% during the trading session. The stock saw robust trading activity, with volumes crossing 4 lakh shares on the NSE within the first one and a half hours of the session. The …
Century Textiles: A Game-Changing Acquisition Century Textiles and Industries Limited (CTIL), a part of the Aditya Birla Group, has made headlines with its recent acquisition of a prime 10-acre land parcel in Worli, Mumbai, for Rs 1,100 crores. This strategic move consolidates the company’s leasehold and ownership rights, setting the stage for a landmark development …
Shares of Arvind Fashions Ltd (AFL) saw a modest gain of 0.53% on Wednesday, signaling an intriguing day of trading for the company. The stock opened at Rs 587, marking the highest price of the day on the NSE before dipping to an intraday low of Rs 566.80. However, the most notable aspect of the …
The Competition Commission of India (CCI) has approved Dixon Technologies (India) Ltd’s proposal to acquire a 6.5% stake in Aditya Infotech Ltd. Dixon Technologies, is known for its Electronic Manufacturing Services (EMS) business. The company provides solutions for products such as televisions, lighting, washing machines, and security systems. Transaction Details In July 2024, Dixon Technologies …
Metals are foundational to modern infrastructure, and India stands out in this sector as a leading global player. The country is the 2nd largest producer of aluminium and 4th largest of iron ore. With the Indian government’s focus on extensive infrastructure development, spanning roads, railways, and airports, the steel demand is anticipated to grow by …
GMR Airports Infrastructure Limited (GIL) has announced a significant move in its ongoing expansion strategy by entering into a Share Purchase Agreement (SPA) with Fraport AG Frankfurt Airport Services Worldwide (Fraport). Under this agreement, GIL will acquire Fraport’s 10% minority equity stake in Delhi International Airport Limited (DIAL) for an aggregate consideration of USD 126 …
The Indian Renewable Energy Development Agency (IREDA) has inked a Memorandum of Understanding (MoU) with SJVN, GMR Energy, and their affiliates to support the development of a 900 MW hydroelectric project in Nepal. The Upper Karnali Hydroelectric Project, located in Nepal, will be the cornerstone of this collaboration. The project aims to bolster regional energy …
