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Adani Green Energy Partners with TotalEnergies in 1,150 MWac Renewable Energy Project

Adani Green Energy Partners with TotalEnergies in 1,150 MWac Renewable Energy Project

27 September 2024

Adani Green Energy Limited (AGEL) has officially signed a Joint Venture Agreement (JVA) with TotalEnergies Renewables Singapore Pte Limited (TotalEnergies) and Adani Renewable Energy Sixty Four Limited (ARE64L) as of September 26, 2024.  This significant partnership was finalised after receiving approval from the majority of the company’s shareholders in an extraordinary general meeting held on …

Indian Oil Withdraws Rs 22,000 Crore Rights Issue: What’s Next for OMCs?

Indian Oil Withdraws Rs 22,000 Crore Rights Issue: What’s Next for OMCs?

30 September 2024

Indian Oil Corporation Cancels Rights Issue: A Major Move for OMCs Indian Oil Corporation Ltd. (IOC), one of India’s largest oil marketing companies, has decided to withdraw its proposed rights issue worth Rs 22,000 crore. The rights issue, initially approved on July 7, 2023, was contingent on receiving necessary statutory approvals. However, recent developments have …

IIT Bombay and ABB India: Empowering Future Engineers with Modern Tech

IIT Bombay and ABB India: Empowering Future Engineers with Modern Tech

1 October 2024

The Indian Institute of Technology Bombay (IIT Bombay) has teamed up with ABB India to create a modern teaching lab for electrical machines and drives in the Department of Energy Science and Engineering.  This collaboration aims to give undergraduate and postgraduate students hands-on experience with advanced industrial equipment, preparing them for careers in the rapidly …

Greaves Electric Mobility Partners with Shriram Finance to Boost EV Accessibility

Greaves Electric Mobility Partners with Shriram Finance to Boost EV Accessibility

1 October 2024

On October 1st, 2024, Greaves Electric Mobility Private Limited (GEMPL), part of Greaves Cotton Limited and a key player in electric two- and three-wheelers, announced a partnership with Shriram Finance, a leading financial services company under the Shriram Group.  This partnership aims to make Greaves Electric Mobility’s three-wheelers (Greaves 3Ws) more affordable by providing customised …

Birla Trimaya Phase II Soars with 95% Sales in 24 Hours, Generating ₹600 Crore

Birla Trimaya Phase II Soars with 95% Sales in 24 Hours, Generating ₹600 Crore

1 October 2024

On October 01, 2024, Birla Estates Private Limited, a subsidiary of Aditya Birla Real Estate Limited (formerly Century Textiles and Industries Limited), announced that Birla Trimaya Phase II – The Park has sold nearly 95% of its units within just 24 hours of launching, generating around ₹600 crore in bookings.  This follows the impressive performance …

UltraTech Cement Increases Stake in Continuum MP Windfarm

UltraTech Cement Increases Stake in Continuum MP Windfarm

1 October 2024

UltraTech Cement, a flagship company of the Aditya Birla Group, involved in the manufacturing and selling of cement and related products here in India, has announced an increase in its shareholding in Continuum MP Windfarm Development Private Limited, a renewable energy company. The cement giant will raise its stake from 3.28% to 5.46% by investing …

Bank of Maharashtra Launches Rs.3,500 Crore QIP Issue

Bank of Maharashtra Launches Rs.3,500 Crore QIP Issue

1 October 2024

Bank of Maharashtra has initiated its Qualified Institutions Placement (QIP) on September 30, 2024, aiming to raise up to Rs.3,500 crore. The public sector lender has set a floor price of Rs.60.37 per share, marginally higher than the previous closing price of Rs.59.83. The bank may also offer a discount of up to 5% on …

Alphageo India has received a contract worth Rs.131.63 crore from Oil India

Alphageo India has received a contract worth Rs.131.63 crore from Oil India

1 October 2024

Alphageo (India) Limited has landed a contract worth Rs.131.63 crore from Oil India Limited. The project involves acquiring 2D seismic data in the Ganga and Punjab Basin, to support oil and gas exploration in these regions. This contract is set to run until June 2026. For those unfamiliar, 2D seismic data acquisition is a technique …

TARC Limited Secures ₹1,000 Crore Refinancing Deal to Fuel Growth

TARC Limited Secures ₹1,000 Crore Refinancing Deal to Fuel Growth

1 October 2024

On October 1, 2024, TARC Limited (The Anant Raj Corporation) announced the refinancing of its existing debt along with a ₹250 crore additional working capital facility available on call. This strategic decision is backed by a successful fundraising effort involving a consortium of esteemed Indian banks and financial institutions, reflecting their confidence in TARC’s financial …

Sun Pharma Partners with Philogen for Global Licensing of Cancer Immunotherapy Fibromun

Sun Pharma Partners with Philogen for Global Licensing of Cancer Immunotherapy Fibromun

1 October 2024

On October 1, 2024, Sun Pharmaceutical Industries Ltd (Sun Pharma) and Philogen S.p.A. announced a global licensing agreement to commercialise Philogen’s cancer immunotherapy product, Fibromun (L19TNF). Fibromun is currently being tested in clinical trials for treating soft tissue sarcoma and glioblastoma. Under the agreement, Sun Pharma will have exclusive global rights to market Fibromun, while …

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