Bharti Airtel’s unit Bharti Hexacom is gearing up for its initial public offering (IPO), which is expected to launch in April. The company aims for a valuation of over ₹28,000 crore ($337.8 million), reported CNBC-TV18 on Thursday. The IPO is projected to raise about ₹4,300 crore, according to the report of CNBC-TV18 and this comes […]
Raw material manufacturer JSW Group partnered with Morris Garages (MG) Motor India on Wednesday, and the company outlined big plans for the Indian automobile sector, including the development of new energy vehicles. The newly created joint venture will be formally called JSW MG Motor India. JSW MG Motor India intends to launch one new model […]
Technology services and consulting company Wipro appointed insider Anne-Marie Rowland as Chief Executive Officer of its subsidiary Capco on Wednesday, effective April 1. Rowland has been currently working with tech and management consultancy firm Capco as Managing Partner in United Kingdom and Ireland for 14 years. She also worked with Accenture for four years as […]
Steel-making company Tata Steel UK said Port Talbot-based Morfa Coke Ovens made its last ‘push’ on Wednesday, making it the last day of operation. The initial notice was released by CEO Rajesh Nair on Monday, stating to cease the operation of Morfa Coke Ovens as it has been deteriorating over many months despite many efforts […]
Shell New Energies US, a subsidiary of Shell Plc, on Wednesday, divested its 50% equity in SouthCoast Wind Energy, established to develop offshore wind projects, to Ocean Winds North America, wind electric power generator. SouthCoast was initiated in the year 2018, for a 50-50 joint venture between Shell and Ocean Winds to develop an offshore wind […]
Renewable energy company Good Enough Energy, on Tuesday, said it is set to start Battery Energy Storage System (BESS) gigafactory by investing $450 Crore ($54 million) for grid stability with an initial capacity of seven gigawatt hours (GWh) in Jammu and Kashmir, India. The company said its battery gigafactory will begin operations in October, with […]
Microsoft appointed Mustafa Suleyman, Co-Founder of Google’s DeepMind as Executive Chief of its newly launched division Microsoft AI on Tuesday, while also naming Karén Simonyan as Chief Scientist of the new wing. The new division will focus on advancing consumer artificial intelligence (AI) products and research, which includes Copilot, Bing, and Edge, said the firm. […]
IT services and consulting company Netradyne collaborated with TaSki Technologies, transportation solution provider on Wednesday, with an aim to gain access to real-time insights into driver’s behavior and interaction with customers. Netradyne said this agreement will allow TaSki to use Netradyne’sDriver•I which examines 100% driving time, TaSki will be able to detect possible risks, such […]
Investment management organization Canada Pension Plan Investment Board (CPP Investments) on Tuesday, committed to investing ₹1820 Crore ($219.1 million) in National Highways Infra Trust (NHIT) units, which is run under National Highways Authority of India (NHAI). CPP Investments said this venture is a component of NHIT’s institutional placement capital raising. As part of the Government […]
Energy company Masdar, on Tuesday, said it signed an agreement to acquire 50% of stake in United States-based peer Terra-Gen Power Holding II from Energy Capital Partners (ECP), investment capital firm, to expand and retain its footprints in the US renewable energy market. The transaction is expected to close by the end of 2024, said […]
Sunsilk owner Unilever, on Tuesday, said it is restructuring its business by divesting its €7.9 billion ($8.6 billion) ice cream brands, which will impact the job roles of 7,500 employees of the company across the globe. The firm said the separation activity will begin immediately and is expected to be completed by the end of […]
Café chain Third Wave Coffee, on Monday, appointed Rajat Luthra as the new Chief Executive Officer of the company, effective April 3. The newly appointed CEO has nearly three decades of experience in the food and beverage industry. He, most recently, worked with KFC India and Nepal as CEO of the fast food chain, since […]
Car rental company Zoomcar partnered with online travel booking agency EaseMyTrip on Tuesday, to provide customers with more flexibility and ease to plan their vacations in summer. The company said this partnership will provide users an option to reserve their preferred Zoomcar straight from the EaseMyTrip app. Zoomcar’s vast fleet of over 25,000 vehicles, which […]
Online groceries and essentials delivery application Blinkit collaborated with home service platform Urban Company on Sunday, to supply Urban Company’s recently launched water purifiers, Native M1 and M2, at doorsteps in 30 minutes. In late October, Urban Company launched a new brand called Native, which is a new range of smart RO water purifiers. The […]
Civil engineering consultancy DKM Consult, on Tuesday, bought the combined expertise of three Singapore companies RaSpect AI, WaveScan and SquareDog Robotics to advance robotic inspection technology for the existing infrastructure in India. In order to introduce its AI drone inspection technology to the Indian market, DKM most recently, partnered with RaSpect AI. DKM said with […]
