Piramal Invests Rs 500 Cr in Puravankara
In a move that promises to reshape the landscape of Indian real estate, Piramal Enterprises, the Piramal Group’s flagship company, has announced a strategic investment of over Rs 500 crore in a carefully curated selection of projects undertaken by Bengaluru-based developer Puravankara Group. This collaboration signifies a major development, aiming to bolster Puravankara’s projects across […]
KABIL, CSIR-IMMT Partner for Critical Minerals Advancement
India’s quest for self-sufficiency in critical minerals received a significant shot in the arm with Khanij Bidesh India Limited (KABIL) and the Council of Scientific and Industrial Research (CSIR) – Institute of Minerals and Materials Technology (IMMT) joining forces. The two organizations inked a Memorandum of Understanding (MoU) on technical and knowledge cooperation, marking a […]
Policybazaar, ICICI Lombard: Partnership for Insurance Growth
In a significant move to bolster insurance penetration in India, which currently stands at around 4.2%, ICICI Lombard General Insurance Company Limited has formed a strategic partnership with Policybazaar, India’s leading insurance marketplace platform boasting over 100 million users. This collaboration leverages Policybazaar’s established digital platform to offer a comprehensive suite of insurance products to […]
Karigar Mela: Amazon India Supports Artisans, Weavers
The e-commerce giant, Amazon India, has revived its popular Karigar Mela, a bi-annual event celebrating the time-honored traditions of Indian craftsmanship. This year’s iteration, launched today, April 11, 2024, takes a significant step forward by placing a strong emphasis on sustainable practices. The Karigar Mela serves a twofold purpose: empowering artisans and weavers across the […]
L&T Infrastructure Projects Divests Entire 51% Stake
Larsen & Toubro (L&T), a leading Indian conglomerate, has wrapped up the divestment of its entire 51% stake in L&T Infrastructure Development Projects Limited (LIDPL). This follows an agreement signed in December 2022 with Edelweiss Alternatives, a prominent name in India’s alternative asset management space. Divestment Finalized, New Ownership for LIDPL On April 11, 2024, […]
Uno Minda Initiates Alloy-Wheel Plant Construction in Haryana
In a move that promises to significantly bolster Haryana’s auto industry, auto component leader Uno Minda has broken ground on a new alloy-wheel plant. The company announced a hefty investment of Rs 542 crore for the upcoming facility, which will be located at IMT Kharkhoda. Upon completion, the plant is slated to churn out an […]
Hyundai, Kia Partner with Exide Energy for EV Batteries
South Korean auto giants Hyundai Motor Company and Kia Corporation are accelerating their electric vehicle (EV) ambitions in India. They recently signed a Memorandum of Understanding (MoU) with Exide Energy Solutions Ltd, a leading Indian battery manufacturer, to localize the production of Lithium-iron-phosphate (LFP) batteries specifically for their Indian EVs. This strategic move aligns perfectly […]
Adani Group Purchases 25 Acres from Finolex for Pune Data Hub
The Adani Group, a titan of Indian industry, has made a decisive move to solidify its presence in the burgeoning data center market. Through its subsidiary Terravista Developers, the Adani Group has acquired the leasehold rights to a substantial 25-acre land parcel in Pune’s Haveli locality. This strategic land acquisition, valued at approximately Rs 471 […]
Tata Electronics to Acquire Major Stake in iPhone Maker
Tata Electronics, the Indian arm of the Tata Group conglomerate, is reportedly in advanced talks to acquire a controlling stake in Pegatron, a major supplier of iPhones for Apple. This deal, if finalized, would mark a significant expansion for Tata Electronics within the Indian smartphone manufacturing industry and position it as a strategic player within […]
Finolex Unveils Eco-Friendly, Fire-Resistant Wires
Electrical fires pose a significant threat, often stemming from faulty wiring. In a commendable effort to tackle this issue while fostering environmental responsibility, Finolex Cables has introduced a groundbreaking product line – FinoGreen. This innovative range of wires prioritizes both fire safety and sustainability, making it a welcome addition to the electrical industry. FinoGreen: A […]