On September 3, 2024, the Indian Energy Exchange (IEX), the leading electricity exchange in India, reported a total volume of 12,040 million units (MU) in August 2024, including certificates. This reflects a 35.8% increase compared to the same period last year. The electricity volume alone reached 9,914 MU, up 17.1% year over year. Notably, the …
Texmaco Rail & Engineering Limited announced in July 2024 that it had entered into definitive agreements with Jindal Rail & Infrastructure Limited (JRIL) and its existing shareholders – JITF Urban Infrastructure Services Limited and Siddeshwari Tradex Private Limited – to acquire 100% of JRIL’s share capital on a fully diluted basis. After completing all precedent …
GE Power India Limited has reached a settlement agreement with Navayuga Engineering Company Limited (NECL). The arbitration regarding the E&M Turnkey Contract between GE Power India Limited and Navayuga Engineering Company Limited (NECL) has been ongoing since 2020. Both parties have now agreed to settle the dispute. NECL will pay a total of ₹31,45,26,287 as …
L&T Technology Services Limited (LTTS) informed the stock exchanges that it has once again achieved Partner-level status in the John Deere Achieving Excellence (AE) Program, marking the 4th consecutive year it has received this prestigious recognition. The Partner-level status is John Deere’s highest supplier rating, awarded to suppliers that demonstrate exceptional quality and a strong …
On September 03, 2024, the shares of Hindustan Aeronautics Limited (HAL) are in focus as the Cabinet Committee on Security gave the green light to the proposal to procure 240 aero-engines (AL-31FP) for Su-30 MKI aircraft of the Indian Air Force (IAF) on September 02. The said contract awarded to Hindustan Aeronautics Limited (HAL) covers …
India’s Energy (oil and gas) sector is among India’s 8 core industries, which plays a major role in influencing the decision-making for all the other important sections of the economy. The primary energy demand is likely to nearly double to 1,123 million tonnes of oil equivalent, as India’s gross domestic product (GDP) is forecasted to …
The Ministry of Coal has reported a significant increase in coal production and dispatch for the first five months of the current fiscal year, 2024-25. This growth is indicative of the sector’s robust performance and its commitment to meeting the nation’s energy demands. Overall coal production up to August 2024 reached a provisional figure of …
On September 3, 2024, KFin Technologies introduced the mPower Wealth platform, an advanced omnichannel wealth management solution tailored for wealth managers, family offices, banks, and external asset managers. The company stated that this innovative platform integrates front-, mid-, and back-office operations, supports multi-asset and multi-currency portfolios, and leverages cutting-edge technology to enhance client experiences. According …
Adani Green Energy Limited (AGEL) and TotalEnergies, a global energy company, have announced a strategic joint venture (JV) to manage a portfolio of 1,150 MW of solar projects located at the world’s largest renewable energy plant in Khavda, Gujarat, India. The JV, equally owned by both entities, will be formed by transferring AGEL’s existing solar …
On September 3, 2024, Tata Consultancy Services (TCS) announced an expanded partnership with Google Cloud to introduce two new cybersecurity solutions. These solutions aim to boost cyber resilience and leverage advanced TCS and Google Cloud technologies. The TCS Managed Detection and Response (MDR) solution, using the Google Security Operations platform, will help security teams detect …
