Defence Ministry: HAL Gets Rs 65,000 cr Tender for 97 LCA
The Indian Air Force (IAF) is set to receive a significant shot in the arm with the Ministry of Defence (MoD) finalizing a record-breaking deal worth Rs 65,000 crore. This monumental contract awards Hindustan Aeronautics Limited (HAL) the responsibility of manufacturing and supplying 97 LCA Mark 1A fighter jets. The deal marks a watershed moment […]
Air India, Concentrix: 5 Contact Centres Partnership
In a significant boost to its customer service infrastructure, Air India, now part of the Tata Group, has unveiled five new contact centers across the globe. This expansion marks a major stride in the airline’s ongoing transformation journey, placing customer experience at the forefront. Strategic Network for Global Customers The new contact centers are meticulously […]
TVS ILP’s ₹125 Cr Cuttack Warehouse Investment
TVS Industrial & Logistics Parks (TVS ILP) is making a strategic move eastward. The warehousing giant announced a noteworthy Rs 125 crore investment in a state-of-the-art warehousing facility in Cuttack, Odisha. This marks a significant milestone in TVS ILP’s growth trajectory and underscores the company’s bullish outlook on the eastern Indian market, a region experiencing […]
Vodafone Idea’s Rs 18,000-cr FPO: Offer Opens April 18
Vodafone Idea Limited (VIL), the telecom operator grappling with a mountain of debt, has rolled the dice on a bold strategy to raise capital and recapture its market position. The company announced a record-breaking follow-on public offering (FPO) of Rs 18,000 crore, the largest ever witnessed in the Indian stock market. This ambitious move marks […]
ZEE Arm Invests Rs 8.76 Crore in PR Firm Newsreach
Zee Entertainment Enterprises Limited (ZEE) recently made a strategic move by announcing an investment in Newsreach, a well-regarded media and public relations (PR) firm. The investment, valued at ₹8.76 crore, will be channeled through IDPL, a wholly-owned subsidiary of ZEE. This move underscores ZEE’s commitment to amplifying its brand presence and forging strategic partnerships within […]
Dixon, Dassault Systems Partner to Revolutionize Manufacturing
Dixon Technologies, a titan in India’s electronics contract manufacturing (ECM) domain, has inked a strategic partnership with Dassault Systèmes, a revered French company specializing in 3DEXPERIENCE solutions. This collaborative effort marks a significant step towards Industry 4.0 in India. By incorporating Dassault Systèmes’ next-generation software solutions, Dixon seeks to modernize its manufacturing processes, propelling the […]
JSW-GMR JV Purchases 2 Cricket Franchises for ₹400+ Cr
In a significant move that solidifies their position as a major player in the international cricket landscape, JSW-GMR Cricket, a joint venture between GMR and JSW businesses, has acquired controlling stakes in two overseas T20 franchises for a combined sum exceeding ₹400 crore. The venture has purchased the Pretoria Capitals franchise, a participant in the […]
L&T Infra Development Sold to Edelweiss Alt for Rs 6,000 Cr
Edelweiss Alternatives, a leading Indian alternative asset manager, has sealed the highly anticipated acquisition of L&T Infrastructure Development Projects Ltd (LTIDPL) for a whopping Rs 6,000 crore. This deal, first announced in December 2022, marks a significant stride forward for Edelweiss Alt’s presence in the Indian infrastructure sector. Acquisition Significantly Expands Edelweiss Alt’s Infrastructure Portfolio […]
Tira by Reliance Introduces Own Label, Steps into Beauty
Reliance Retail’s Tira Beauty continues its aggressive expansion strategy with the launch of its first private label brand, Tira Tools. Announced on April 11, 2024, Tira Tools signifies the beauty platform’s foray into the lucrative beauty accessories market, a segment projected to reach a staggering USD 5.5 billion by 2025 according to [Market Research Report]. […]
Maruti Suzuki Raises Swift, Grand Vitara Prices
In a move that might dampen consumer spirits, Maruti Suzuki, India’s car market leader, announced fresh price hikes for its popular Swift hatchback and select variants of the Grand Vitara SUV on April 10, 2024. This comes just three months after a company-wide price increase in January 2024, raising concerns about the affordability of these […]