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IDFC and IDFC First Bank Merger Effective October 1: What Will Happen To Your Shareholding?

IDFC and IDFC First Bank Merger Effective October 1: What Will Happen To Your Shareholding?

30 September 2024

IDFC Limited has announced plans to merge its subsidiaries, effective October 1, 2024. The move aims to streamline operations and reduce regulatory burdens. The Board of Directors has approved the amalgamation of IDFC Financial Holding Company Limited (IDFC FHCL) with IDFC Limited, followed by the merger of IDFC Limited with IDFC FIRST Bank Limited. This …

REC Raises $500 Million to Finance Green Initiatives

REC Raises $500 Million to Finance Green Initiatives

30 September 2024

State-owned REC Ltd has successfully raised $500 million through a green dollar bond issuance, a significant step towards supporting various renewable energy projects in India. The 5-year note, with a coupon rate of 4.75%, is set to mature on September 27, 2029. This marks the first US dollar bond issuance by an Indian public sector …

Reliance Infra wins Rs 780 crore arbitration case against Damodar Valley Corp

Reliance Infra wins Rs 780 crore arbitration case against Damodar Valley Corp

30 September 2024

In the power industry, Reliance Infrastructure Limited is well-known, having a sizable portfolio of power generation projects all over India. The business is also interested in developing infrastructure, such as highways, bridges, and metro rail projects. Reliance Infrastructure also engages in construction, concentrating on projects involving residential and commercial real estate.Through its entry into the …

L&T Expands Its Digital Energy Solutions: Major Wins in South India and the United States

L&T Expands Its Digital Energy Solutions: Major Wins in South India and the United States

30 September 2024

L&T Expands Its Digital Energy Solutions: Major Wins in South India and the United States Larsen & Toubro Limited (L&T) continues to lead innovation in the energy sector with significant strides in its Digital Energy Solutions (DES) business. Recently, L&T DES secured mandates to implement advanced energy management systems in South India and expand its …

Ola Electric Shares Plunge Below Rs 100, Down 15% in September

Ola Electric Shares Plunge Below Rs 100, Down 15% in September

30 September 2024

Ola Electric Shares Dip Below Rs 100 Mark Shares of Ola Electric Mobility Ltd. witnessed a decline on Monday, marking the ninth drop in the last eleven trading sessions. This dip took the stock below the significant Rs 100 level, which is the first time since its public listing in August. As of now, Ola …

LTIMindtree strengthens a pact with UK retailer Currys

LTIMindtree strengthens a pact with UK retailer Currys

30 September 2024

LTIMindtree, according to the recent reports, has taken its partnership with UK tech retailer Currys to the next level, helping the retailer transform how it serves customers both online and in-store. Since teaming up in 2021, the duo has revamped Currys’ omnichannel experience, which earned them the Salesforce Partner Innovation Award at Dreamforce 2024 in …

NLC India’s 10 Years of Renewable Energy Celebration

NLC India’s 10 Years of Renewable Energy Celebration

30 September 2024

NLC India Limited, a Navratna Public Sector Enterprise under the Ministry of Coal, celebrated its 10th anniversary in renewable energy generation. This milestone underscores a significant journey that commenced on September 28, 2015, with the commissioning of a 10 MW solar photovoltaic power plant in Neyveli. NLC India has been instrumental in transitioning the country …

Persistent Systems Acquires Arrka to Strengthen AI and Data Privacy Offerings

Persistent Systems Acquires Arrka to Strengthen AI and Data Privacy Offerings

30 September 2024

On September 30, 2024, Persistent Systems announced its plans to acquire Arrka, a leading Pune-based data privacy company. This strategic move strengthens Persistent’s position in AI-led, platform-driven services and allows it to offer comprehensive digital governance solutions, including data privacy, AI governance, and cybersecurity. Arrka’s decade-long expertise in data privacy and its innovative Data Privacy …

Kaynes Technology India Limited to Acquire Iskraemeco India for ₹42.99 crore

Kaynes Technology India Limited to Acquire Iskraemeco India for ₹42.99 crore

30 September 2024

Kaynes Technology India Limited has announced the acquisition of Iskraemeco India Private Limited, a leading provider of smart metering solutions. This strategic move aims to enhance Kaynes’ product offerings and strengthen its position in the market. Through a Share Purchase Agreement executed on September 28, 2024, Kaynes will acquire 100% of Iskraemeco India’s equity shares …

Atul Auto Invests ₹4.91 Crore in its Wholly-Owned Subsidiary

Atul Auto Invests ₹4.91 Crore in its Wholly-Owned Subsidiary

30 September 2024

Atul Auto Limited has made a significant investment of ₹4.91 crore in its wholly-owned subsidiary, Khushbu Auto Finance Limited (KAFL), by subscribing to equity shares on a rights basis. This investment was completed on September 28, 2024, with the company acquiring 26,00,000 equity shares of KAFL at a face value of ₹10 each, issued at …

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