As the Reserve Bank of India encourages banks to enhance their credit-to-deposit ratios, deposit competition is intensifying. Public Sector Banks (PSBs) may have the largest branch networks in India, but their ability to attract deposits falls short of that of their private sector counterparts. Despite having a branch network three times larger than HDFC Bank, …
NMDC Steel Limited (NSL), a leading player in the Indian steel industry, has achieved a significant milestone by producing 1 Million Tons (MnT) of Hot-Rolled Coil (HRC) just four days after celebrating its first anniversary of HR Coil production. This remarkable feat underscores NSL’s position as one of the fastest and most efficient steel plants …
Awfis, India’s premier provider of flexible workspaces, has announced the strategic expansion of its network with the launch of two new centres in Bengaluru: Mantri Commerce and Vista Pixel. These state-of-the-art facilities, totalling 66,846 square feet of built-up area, offer premium workspace solutions in prime locations, catering to the evolving needs of modern professionals. Strategically …
On August 21, 2024, Gensol Engineering Limited announced that it had received a Letter of Award (LOA) for a 16 MWp turnkey EPC rooftop solar project valued at ₹40 crore from a major textile company. This repeat order will be executed in Madhya Pradesh, with Gensol set to complete the project within six months. The …
L&T Technology Services Limited informed the stock exchanges that the company has entered a new contract with Thales, a leading global technology and security provider. The company stated that this collaboration will bring Thales’s software monetisation platform, Thales Sentinel, to LTTS’ customer base, especially in the High-tech, Sustainability and Mobility segments. With over 20 years …
On August 21, 2024, HFCL Limited (HFCL) launched a range of new high-performance cable solutions at the ISE EXPO 2024 in Dallas, Texas. The company showcased its latest innovations, including a new line of high-density single-jacket single-armour Intermittently Bonded Ribbon (IBR) cables, featuring 144-1728 fibres. This advancement earned HFCL the ISE Innovators Award. Additionally, HFCL …
On August 21, 2024, Barbeque-Nation Hospitality Limited announced the incorporation of a new subsidiary, Barbeque Nation Lanka (Pvt) Ltd, based in Colombo, Sri Lanka. This new company is a wholly-owned subsidiary of Barbeque Nation MENA Holding Limited, which is itself a wholly-owned subsidiary of Barbeque-Nation Hospitality Limited, situated in Dubai, United Arab Emirates. As a …
Amber Enterprises India Limited announced the incorporation of a new Joint Venture Company (JVC) on August 20, 2024, named Yujin Machinery India Private Limited. This JVC has been established in partnership with AT Railway Sub Systems Private Limited, a wholly-owned subsidiary of Sidwal Refrigeration Industries Private Limited (Sidwal), which in turn is a wholly-owned material …
Hindustan Zinc Limited announced that it has signed a Memorandum of Understanding (MoU) with the Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR), a premier institute supported by the Department of Science and Technology, Government of India. This partnership aims to develop new zinc material variants to drive the commercialisation of zinc-based batteries. The company …
Max India Limited has announced that its wholly-owned subsidiary, Antara Assisted Care Services Limited, is celebrating the first anniversary of its pioneering brand, Antara AGEasy, on August 21, 2024, coinciding with World Senior Citizens Day. The company stated that launched in 2023, AGEasy has quickly become a trusted name in providing curated and innovative products …
