Adani Green Energy Launches 775 MW Solar Projects in Gujarat
Adani Green Energy (AGEL), a subsidiary of the Adani Group, has cemented its position as a frontrunner in India’s renewable energy sector by successfully bringing online its colossal 775 megawatt (MW) solar power projects in Khavda, Gujarat. This achievement comes after AGEL secured all necessary clearances for the project. Landmark Project Bolsters Adani Green’s Renewable […]
Varun Beverages Completes BevCo Acquisition in South Africa
Varun Beverages Ltd., the leading franchise bottler for PepsiCo, marked a significant milestone on March 27, 2024, by successfully finalizing the acquisition of The Beverage Company (BevCo) in South Africa. This strategic move strengthens Varun Beverages’ position as a major player in the African beverage market. Acquisition Details and Regulatory Clearances The acquisition encompasses BevCo’s […]
RVNL-Salasar JV Secures ₹60 Cr Central Africa Project
A joint venture (JV) between state-owned Rail Vikas Nigam Limited (RVNL) and Salasar Techno Engineering Limited (STEL), a private steel player, has secured a transmission project worth approximately Rs 60 crore ($7.15 million) in Rwanda. This marks a significant achievement for both companies, particularly for RVNL, traditionally known for its expertise in railway infrastructure development. […]
Force Motors Ends Agricultural Tractor Venture
Breaking News: In a significant strategic shift, Force Motors, a leading Indian automaker, announced the closure of its agricultural tractor business effective March 31, 2024. This decision aligns with a comprehensive product rationalization program designed to streamline the company’s portfolio and prioritize segments with robust growth potential, particularly those aligned with sustainability goals. Revving Up […]
TCS Trains 350K Staff in Generative AI Skills
Tata Consultancy Services (TCS) has made a game-changing move, announcing it has trained a staggering over 3.5 lakh employees, exceeding half its workforce, in generative AI skills. This ambitious initiative solidifies TCS’s position as a global leader in AI preparedness and creates the world’s largest AI-ready IT workforce. The Generative AI Advantage: A Technological Powerhouse […]
Suzlon Energy Hit with ₹260 Cr I-T Penalty
In a significant development that threatens to derail its ongoing financial turnaround efforts, Suzlon Energy, a prominent Indian wind turbine manufacturer, has been slapped with a hefty penalty of ₹260 crore by the Income Tax Department. The penalty pertains to alleged discrepancies in income disclosure during the financial year 2019-20. Penalty Details and Potential Discrepancies […]
Ecos Mobility Files IPO Draft Paper with Sebi
Ecos (India) Mobility & Hospitality Ltd., a major player in India’s chauffeur-driven mobility market, has revved its engine towards a public listing. The company filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Thursday, March 29, 2024. This filing marks the official initiation of Ecos’ IPO process, […]
Tata Steel to Invest Rs 6,600 Cr in Neelachal Ispat
Tata Steel, India’s leading steel producer with a current crude steel capacity of 30.1 Million Tonnes Per Year (MTPA) in FY23 , has made a strategic move to bolster its presence in the long product steel segment, a market estimated to reach $30.2 billion by 2027. The company announced a significant equity investment of up […]
Adani Family Invests Rs 6,661 Crore in Ambuja Cements
The Adani Group’s aggressive expansion strategy continues unabated. In a move that further cements their dominance in the Indian cement industry, valued at approximately Rs 1.08 lakh crore in 2023, the Adani family has infused a significant sum of Rs 6,661 crore into Ambuja Cements Ltd. This fresh capital injection translates to a 3.6% ownership […]
Wipro-GE Healthcare Invests Rs 8,000 Cr: Make in India
Wipro-GE Healthcare, a prominent player in medical technology and digital solutions, announced a game-changing investment of Rs 8,000 crore ($1 billion) in India over the next five years. This substantial infusion of capital aims to propel the company’s “Make in India for the World” initiative forward, with a multi-pronged approach: Aligning with National Goals and […]