November 12, 2024
DBL’s Key Role in the Bharat Net Phase III Project
Dilip Buildcon Limited’s (DBL) crucial involvement in the Bharat Net Phase III project. This project, awarded to the STL-DBL Consortium by Bharat Sanchar Nigam Limited (BSNL), aims to enhance broadband connectivity across Jammu & Kashmir and Ladakh. Consortium Partnership and DBL’s Prominent Role: The STL-DBL Consortium, which includes Sterlite Technologies Limited (STL) and Dilip Buildcon…
Rising Inflation at 6.21% Poses Challenge for RBI’s Interest Rate Policy
Yesterday, mutual fund data for October was released, and today, after market hours, October’s inflation data came in at 6.21%, higher than the expected 5.81%. This inflation figure will be key for the RBI as it considers any potential rate cut. In the RBI’s upcoming monthly meeting, they will closely review the inflation rate before…
NBCC Expands Project Portfolio with Major Work Orders from GAIL, Income Tax Dept., and New India Assurance
Recent sources highlight three new work orders awarded to NBCC (India) Limited, a public sector company specializing in construction and project management. These orders reflect the company’s diverse project portfolio and steady business growth. Details of Work Orders: Interior Fit-Out Works for GAIL (India) Limited: NBCC will handle planning, designing, and execution of interior fit-out…
Why Is the Indian Stock Market Falling? Key Reasons Behind the Today’s Decline
Nifty : 23,883.45 (-1.07%) & Sensex : 78,675.18 (-1.03%) Today, the market closed in the red once again. Several factors continue to drive the market’s decline, though there are no new reasons contributing to today’s fall. There are two primary reasons for the recent fall in the Indian stock market: Heavy Selling by Foreign Institutional…
POWERGRID Expands Renewable Transmission Capacity with Strategic Acquisitions in Bikaner
On November 11, 2024, Power Grid Corporation of India Limited (POWERGRID) acquired two special purpose vehicles (SPVs): Bikaner A Power Transmission Limited (BAPTL) and Bikaner B Power Transmission Limited (BBPTL). These acquisitions were achieved through successful bids by POWERGRID under the Tariff Based Competitive Bidding (TBCB) process. Acquisition Highlights: Objective: The acquisitions aim to establish…
Godrej Industries Expands Specialty Chemicals Portfolio with Acquisition of Savannah Surfactants’ Food Additives Business
On November 12, 2024, Godrej Industries Limited entered into a business transfer agreement with Savannah Surfactants Limited (Goa), acquiring its Food Additives and Emulsifier business. This acquisition, which is part of Godrej Industries’ Chemicals Business, will expand its product offerings and strengthen its position in the specialty chemicals market. Objective of the Acquisition Godrej Industries’…
Reliance Industries Announces Rs 65,000 Crore Investment in Andhra Pradesh for 500 Biogas Plants
Reliance Industries Ltd (RIL) is set to invest Rs 65,000 crore over the next five years to establish 500 compressed biogas (CBG) plants across Andhra Pradesh. This marks RIL’s largest investment outside Gujarat and is part of its renewable energy push. Each of these plants will require an investment of Rs 130 crore and will…
Ausom Enterprise Limited Wins Solar Power Project from Gujarat Urja Vikas Nigam Limited (GUVNL)
Ausom Enterprise Limited has received a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Limited (GUVNL) for procuring power through a competitive bidding process. To manage this project, Ausom will create a wholly-owned subsidiary in the form of a Special Purpose Vehicle (SPV), which will be registered under a name like “Ausom Power Private…
Unicommerce e-Solutions Acquires Shipway Technology to Expand E-commerce Automation Services
NSE:UNIECOM:Rs.195 (-0.91%) on 12-nov-2024 at 12:13 pm Unicommerce eSolutions Limited is a SaaS platform that manages e-commerce operations for brands, sellers, and logistics providers. Unicommerce e-Solutions Limited, a subsidiary of AceVector Limited, is acquiring Shipway Technology Private Limited, a technology automation company based in Gurugram. The acquisition will occur in multiple tranches, with the first…
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