Coforge has secured a 13-year partnership contract valued at approximately $1.56 billion from US-based Sabre Corporation, a travel technology company. Coforge announced this new agreement will strengthen their long-standing partnership to supercharge Sabre’s product roadmap, furthering the latter’s ability to accelerate product delivery and launch additional AI-enabled solutions.
Adani Wilmar has signied a definitive agreement to acquire GD Foods Manufacturing (India) Private Ltd. The acquisition will be executed in multiple tranches, with 80 per cent of the shares to be acquired in the first tranche, and the remaining 20 per cent over the next three years, stated an official release here. In FY’24, GD Foods achieved a revenue of ₹386 crore, growing at a 3-year CAGR of 15 percent, and recorded an EBITDA of ₹32 crore.
The Competition Commission of India on Tuesday cleared Ambuja Cements’ proposal to acquire a majority stake in CK Birla group firm Orient Cement Ltd for Rs 8,100 crore. Ambuja Cements, a part of the diversified Adani Group, operates 22 integrated cement plants across India, as well as 10 bulk cement terminals and 21 grinding units.
Power Grid Corporation of India on Tuesday said that it has secured three projects related to setting up of inter-state power transmission systems. Power Grid Corporation of India Limited has been declared as successful bidder under tariff-based competitive bidding for three projects to establish inter-state transmission system under Build, Own Operate and Transfer (BOOT) mode. The letter of intent (LoI) for the respective projects have been received by Power Grid on March 3, the company said in a regulatory filing stated.
PB Fintech chairperson and CEO Yashish Dahiya on Tuesday settled a case with markets regulator Sebi over alleged violation of insider trading rules on payment of Rs 9.42 lakh. SEBI had alleged that the applicant failed to identify acquisition of 26.72 per cent shares of YKNP Marketing Management by PB Fintech Ltd (PBFL). It was further alleged that PBFL, through its subsidiary PB Fintech FZ-LLC, had access to unpublished price-sensitive information in violation of SEBI’s PIT (Prohibition of Insider Trading) Regulations, leading to accusations of insider trading.
Mindteck (India) Ltd has announced that Anand Balakrishnan has tendered his resignation as Managing Director and Chief Executive Officer, effective May 31, 2025. He will continue to serve in his role for the next three months, as per the terms of his contract, ensuring a smooth transition.
The Competition Commission of India has approved billionaire Gautam Adani’s Adani Infra, a unit of Adani Enterprises, proposal to acquire a significant stake in PSP Projects Ltd. PSP Projects boasts an impressive portfolio, including the Surat Diamond Bourse, and had an order book worth Rs 6,546 crore as of September 2024. The acquisition is poised to strengthen Adani Group’s position in India’s construction sector.
JSW Energy has secured approval from the Competition Commission of India (CCI) for its acquisition of KSK Mahanadi Power Company Limited (KMPCL). The deal size is nearly ₹16,000 crore and CCI approval comes on the heels of National Company Law Tribunal (NCLT) approving the resolution plan submitted by JSW Energy.
GE Vernova T&D India Ltd on Tuesday said it has secured orders worth Rs 500 crore to supply and install transformers and reactors under the bulk procurement from Power Grid Corporation. The order has to be executed within 36 months.
Intermetal Engineers (India) Private Limited, a wholly owned subsidiary of India Ltd, has executed a share purchase agreement with Ashwath Technologies Private Limited and the existing shareholders to acquire the 100% stake from the existing shareholders of Ashwath Tech.
ABB Motion has announced a strategic investment through ABB Motion Ventures in the AI start-up UptimeAI, aiming to transform how industrial customers manage the health and performance of motors, drives, and related assets. The transaction consists of ABB taking a minority stake in UptimeAI. Financial details of the investment were not disclosed.
Biocon Pharma Ltd, subsidiary of Biocon ,has received final approvals from the US Food and Drug Administration for its Lenalidomide capsules in various strengths. This drug is used to treat multiple myeloma, lymphoma, and myelodysplastic syndromes.
Ola Electric has received a notice from IFCI Ltd for failing to meet its first milestone under the Production Linked Incentive Advanced Chemistry Cell scheme. The company acknowledged the non-achievement of targets as per the agreement signed in July 2022. The Company is actively engaged with the relevant authorities in this regard and in the process of filing an appropriate response, it further said.
Grasim Industries has started commercial production at its Birla Opus Paints plant in Mahad, Maharashtra.with a total installed capacity of 230 million litres per annum (water based paint, distemper and solvent based paint). With the commencement of commercial production, Grasim said, 5 out of our total 6 green-field plants have commenced commercial production and installed capacity of decorative paints sold under the brand “Birla Opus” has reached 1,096 Million Litres Per Annum (MLP
Walchandnagar Industries Ltd, a renowned engineering company known for its design, engineering & high complex precision manufacturing capabilities with operational legacy of more than 115 years, announced a deal to acquire majority stake in AiCitta Intelligent Technology Private Ltd. a company engaged in R&D and manufacture of Unmanned Ground Vehicles (UGVs). As part of the deal, WIL will acquire a ~60.3% stake and the transaction is expected to be completed over a period of time. With this deal, Aicitta will be a wholly-owned subsidiary of WIL. This foray into next-generation defence technologies, which have proven effective in recent global wars, will provide the next leg of growth opportunities for WIL.