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 …
The Competition Commission of India (CCI) has given its green light to the acquisition of 12 special purpose vehicles (SPVs) from PNC Infratech Limited and PNC Infra Holdings by Highway Infrastructure Trust (HIT). This transaction involves a 100% equity stake transfer, granting HIT complete management and control over these SPVs. Established as an irrevocable trust …
MTAR Technologies, one of the leading manufacturers of equipment for the defence, aerospace, nuclear, and clean energy sectors, has announced a significant export order from Bloom Energy Corporation valued at USD 16.73 million (approximately ₹140 crore). The order concerns the supply of power units and associated components for the clean energy fuel cells vertical. The …
Chola MS General Insurance, a prominent player in the non-life insurance sector, has entered into a strategic alliance with Mahindra Finance, a leading Non-Banking Finance Company in India. This collaboration aims to extend comprehensive motor and non-life insurance solutions to over 10 million Mahindra Finance customers. By leveraging Mahindra Finance’s extensive reach across India, Chola …
