On May 28, 2024, DroneAcharya Aerial Innovations Ltd informed in a stock exchange filing that it had signed a Memorandum of Understanding (MoU) with Chennai-based Zuppa Geo Navigation Technologies Pvt. Ltd (Zuppa). This agreement specifies DroneAcharya as a channel partner for Zuppa’s drone sales, services, and training across India. Under the strategic partnership, DroneAcharya will …
On May 28, 2024, Bharat Heavy Electricals Limited (BHEL) informed the stock exchanges that the company had entered into a Technology Transfer Agreement (TTA) with Bhabha Atomic Research Centre (BARC). The agreement is for a 50 kW alkaline electrolyser system for Hydrogen production. The company stated that the well-proven technology offered by Bhabha Atomic Research …
On May 28, 2024, Tata Consultancy Services (TCS) announced in an exchange filing that it has entered a strategic partnership with the Indian Institute of Technology, Bombay (IIT-Bombay). The partnership is to develop the first Quantum Diamond Microchip Imager in India. This advanced sensing tool has the potential to unlock new levels of precision in …
Lakshmi Machine Works Limited (LMW) has consented to create a wholly-owned subsidiary in the United Arab Emirates. This new subsidiary will focus on the aerospace industry. They have given initial approval for an investment of up to USD 25 million. Within this limit, the subsidiary’s name and the exact investment amount will be decided later. …
Asian Paints, India’s leading paint company, announced a key move to solidify its presence in the Egyptian market. Asian Paints International Private Limited (APIPL), a wholly-owned Singapore-based subsidiary of Asian Paints, has entered into a Share Purchase Agreement with certain minority shareholders of SCIB Chemicals S.A.E. (SCIB), an Egyptian subsidiary of both APIPL and SCIB. …
Diamond Power Infrastructure Limited, a leading player in the Indian infrastructure sector, announced a strategic expansion move with the incorporation of a wholly-owned subsidiary, DICABS Nextgen Special Alloys Private Limited. This move signifies Diamond Power’s commitment to diversification and growth within the metals and alloys industry. A New Entity for Specialised Manufacturing DICABS Nextgen Special …
Sterlite Technologies Limited (STL), a leading provider of optical and digital solutions, announced a strategic partnership with Connexin to deliver high-speed broadband connectivity to underserved communities in Nottinghamshire, UK. STL will leverage its expertise in Smart Fibre Deployment Services to support Connexin in fulfilling a UK government contract valued at £58 million. This initiative, part …
On May 28, 2024, 63 Moons Technologies Ltd informed the stock exchanges about 63 Moons Group’s strategic transformation with key initiatives. The company stated that these aim to reinforce their long-term vision and improve stakeholder value. 63 Moons Group is radically transforming from a traditional fintech company to a leading-edge technological enterprise. This evolution focuses …
On May 28, 2024, VA Tech Wabag Limited informed in a stock exchange filing that the company had received an order from Nama Water Services in the Sultanate of Oman. The order is worth around ₹850 million, and it is towards the Operation & Maintenance (O&M) of the Al Duqm Desalination Plant for a period …
On Tuesday, Indian markets are seen trading choppy with Nifty and Sensex trading with modest losses. Talking about the sectoral indices, most of the sectoral indices are trading in red barring Nifty Pharma (+0.40%) and Nifty Metal (0.01%). Divi’s Laboratories Top Gainer: On Tuesday, the shares of Divi’s Laboratories gained 2.72% and it has hit …
