Global investment firm Blackstone has announced that it is set to sell 330 million units of its REIT firm, Nexus Select Trust, in a block deal valued at nearly Rs.4,500 crore, according to the reports. The transaction is expected to take place today at a floor price of Rs.135 per unit, marking a 6.3% discount …
Nazara Technologies Ltd., India’s premier gaming and sports media company, has acquired UK-based IP gaming studio Fusebox Games in an all-cash deal worth Rs 228 crore. The acquisition bolsters Nazara’s portfolio with Fusebox’s popular interactive story games and IPs. Nazara Technologies Acquires Fusebox Games in Rs 228 Crore Deal Nazara Technologies Ltd., India’s only publicly …
On Thursday, Power Finance Corporation (PFC) announced it has successfully obtained a long-term loan of 25.5 billion Japanese yen (approximately Rs 147 crore) from the Japan Bank for International Cooperation (JBIC). This significant funding is part of JBIC’s Global Action for Reconciling Economic Growth and Environmental Preservation (GREEN) initiative, aimed at supporting sustainable energy projects. …
In a significant development for India’s space sector, BEML Ltd., a prominent public sector unit, has delivered essential light alloy structures to the Indian Space Research Organisation (ISRO) for its Launch Vehicle Mk-3 program. This contribution underscores BEML’s pivotal role in supporting the nation’s ambitious space missions. BEML’s Expertise in Aerospace Manufacturing BEML’s aerospace division …
Eicher Motors Limited (EML) is one of the leading Indian multinational automotive companies that manufacture motorcycles and commercial vehicles, headquartered in New Delhi. Eicher Motors is the parent company of Royal Enfield, a manufacturer of middleweight motorcycles in India. Royal Enfield is the top-selling brand under Eicher Motors, significantly contributing to generating higher revenue. Eicher …
JSW Energy has recently achieved a notable milestone in its renewable energy portfolio. On Thursday, the company announced that its wholly-owned subsidiary, JSW Neo Energy Limited, received a letter of award from the Solar Energy Corporation of India (SECI). This award signifies the company’s commitment to expanding its renewable energy capabilities and underscores its competitive …
On August 8, 2024, Oil India Limited (OIL) announced its financial results for the quarter ending June 30, 2024. For Q1 FY25, OIL reported a profit after tax of ₹1,466.84 crore. The company contributed ₹507.75 crore in Special Additional Excise Duty (SAED) at USD 10.27 per barrel, up from ₹113.55 crore at USD 2.59 per …
On August 08, 2024, Hinduja Global Solutions (HGS) announced that its HGS Agent X, an advanced contact centre tool using artificial intelligence, has tripled its number of active users and clients. This tool is now a key component for high-quality contact centre operations. Since launching in 2022, HGS Agent X has significantly improved productivity, sales, …
On August 8, 2024, Exicom Tele-Systems Limited announced to the stock exchanges that its subsidiary, Exicom Power Solutions B.V. Netherlands, along with other step-down subsidiaries, had signed a definitive agreement. The agreement is to acquire the business and assets of the Tritium group of companies. Tritium, headquartered in Australia, is a leading global provider of …
JSW Energy Limited has announced a significant development involving its wholly-owned subsidiary, JSW Neo Energy Limited. The company has received a Letter of Award (LoA) from the Solar Energy Corporation of India (SECI) for the supply of 230 MW of Interstate Transmission System (ISTS) connected firm and dispatchable renewable energy (FDRE). This award is part …
