Green Energy on the Horizon: Sanmit Infra Board Greenlights Bio CNG Plant Proposal
Sanmit Infra Ltd, a company engaged in construction of real estate projects, supply of petroleum products and biomedical waste management, has announced its plan to set up a bio CNG plant under the Sustainable Alternative towards Affordable Transportation (SATAT) scheme. The project is part of the company’s broader strategy of expanding its business operations over […]
Adani Group’s Bold Move: Rs 50,000 Crore Investment for a 1 GW Data Centre in Maharashtra
The Adani Group, one of India’s largest and most diversified conglomerates, has announced a massive investment plan to set up a 1 GW (gigawatt) hyperscale data centre infrastructure in Maharashtra. The project, which will be powered by renewable energy, is expected to create 20,000 direct and indirect jobs and boost the state’s digital economy. MoU […]
MCA Invites Public Insight on Key Rule Changes: A Closer Look at the Companies Act and LLP Act in Phase One
The Ministry of Corporate Affairs (MCA) has recently announced a policy framework for “pre-legislative consultation” relating to the framing of rules and regulations under laws administered by it. The framework aims to enhance public participation and transparency in the rule-making process and to ensure that the proposed changes are well-informed and justified. The policy framework […]
Supreme Court Directs Jet’s New Owners: Mandatory Deposit of Rs 150 Crore
The Supreme Court on Thursday ordered Jalan-Kalrock consortium, the new owners of the bankrupt Jet Airways, to deposit Rs 150 crore in SBI’s escrow account by January 31, 2024. The apex court said that this amount was part of the Rs 350 crore that the consortium had agreed to pay as the first tranche of […]
Sun Pharmaceutical Industries Expands Reach: Acquisition of Remaining Stake in Israel’s Taro
Sun Pharmaceutical Industries, India’s largest drugmaker, announced on Thursday that it will acquire the remaining 21.52% stake in Israel-based Taro Pharmaceutical Industries for ₹2,891.7 crore ($43 per share). This move will enable the merger of the two entities and consolidate Sun Pharma’s control over Taro, a key player in the generic dermatology market. Background Sun […]
First Homes for the Differently Abled in India Launched by Paranjape Schemes
Paranjape Schemes, a leading real estate developer in Maharashtra, has officially launched India’s first homes for differently-abled individuals through the ‘Special Projects Division’ named ‘Swaniketan’. The project is located in Bhugaon, Pune, within the Forest Trails Township, and aims to provide a safe, comfortable and dignified living environment for individuals with Autism Spectrum Disorder, Intellectual […]
HCL Group and Foxconn Join Forces to Establish Chip Packaging Unit in India
Introduction In a major boost to India’s semiconductor industry, HCL Group and Foxconn have announced a partnership to set up an outsourced assembly and testing unit (OSAT) for semiconductor chips in the country. The joint venture will leverage the engineering and manufacturing expertise of both the companies and create an ecosystem for the domestic chip […]
L&T Lands ‘Mega Order’ for Electrification of Mumbai-Ahmedabad Bullet Train Project
Introduction Larsen & Toubro (L&T), India’s leading engineering and construction company, has secured a ‘mega order’ to build the electrification system for the Mumbai-Ahmedabad High-Speed Rail (MAHSR) Project, popularly known as the bullet train project. The order, awarded by an authorised Japanese agency, involves the construction of 508 km of high-speed electrification system works for […]
Adani Group’s Major Investment: Rs 12,400 Crore for Data Centre and Energy Projects in Telangana
The Adani Group, one of the world’s largest infrastructure conglomerates, has announced that it will invest over Rs 12,400 crore in various projects in Telangana over the next 10 years. The group signed four memorandums of understanding (MoUs) with the state government at the World Economic Forum 2024 in Davos on Wednesday. The group said […]
BEL Secures Orders Valued at ₹1,034.31 Crore: A Significant Achievement
Bharat Electronics Limited (BEL), a Navratna Defence PSU, has announced that it has received orders worth ₹1,034.31 crore in the month of January 2024. These orders include a major order from Mazagon Dock Shipbuilders Ltd for supply of spares related to the missile systems, as well as additional orders for defence equipment from various customers. […]