Mukesh Ambani, chairman of Reliance Industries Limited, said during the company’s 47th annual general meeting that Reliance Jio now handles 8% of the world’s data traffic, making it the largest data company globally and turning India into the biggest data market. He also mentioned that the telecom company has completed its 5G network rollout nationwide …
The Indian conglomerate Reliance Industries anticipates its burgeoning new energy business to match the profitability of its core oil-to-chemicals segment within the next 5-7 years, according to Chairman Mukesh Ambani. Reliance’s new energy ventures encompass solar photovoltaic and fuel cell manufacturing, energy storage, and green hydrogen production. This diversification aligns with the company’s ambitious goal …
Tata Steel Limited has completed the acquisition of a 26% equity stake in TP Parivart Ltd (TPPL), a wholly-owned subsidiary of Tata Power Renewable Energy Ltd. (TPREL). TPPL is a leading player in the renewable energy sector, and Tata Steel’s investment in TPPL is part of its strategy to expand its presence in this growing …
On August 29, 2024, Genus Power Infrastructures Limited announced the incorporation of 5 wholly-owned step-down subsidiaries. These newly established entities, created on August 28, 2024, are Genus Braj Smart Metering SPV Private Limited, Genus Bikana Smart Metering SPV Private Limited, Genus Banas Smart Metering SPV Private Limited, Genus Marudhara Smart Metering SPV Private Limited, and …
Anant Raj Limited announced a significant strategic move of acquiring 100% equity shares of Sheetij Properties Private Limited, a company engaged in real estate development. This acquisition was approved by the Finance and Investment Committee during their meeting on August 29, 2024. Following this transaction, Sheetij Properties Private Limited will become a wholly-owned subsidiary of …
On August 29, 2024, NBCC (India) Limited announced a significant milestone in its real estate endeavours: the complete sale of 100% of the office space inventory at World Trade Center (WTC) Nauroji Nagar, New Delhi, and the full sale of retail and commercial space at Downtown Sarojini Nagar, New Delhi. World Trade Center, Nauroji Nagar, …
Infosys Limited announced that it has expanded its collaboration with NVIDIA to develop AI-powered, customer-centric solutions aimed at driving innovation and operational excellence for telecommunications companies. Utilising Infosys Topaz, an AI-first suite of services, solutions, and platforms powered by generative AI technologies, this partnership will enable telcos to enhance customer experiences, streamline network operations, and …
ITI Limited, the first public sector unit established in India after independence and a leading telecom manufacturing company, has secured its initial order for Electronic Voting Machines (EVMs) from the State Election Commission (SEC) of West Bengal. The order is for the supply of 500 EVM sets following a successful demonstration to the SEC in …
At the close of the trading session on August 29, 2024, Nifty 50 was up 0.40%, and Sensex was up 0.43% to close at 25,151 and 82,134, respectively. Top Gainers and Losers On the sectoral front, the Nifty Oil and Gas, Nifty FMCG, Nifty Auto and Nifty IT saw gains. On the other hand, Nifty …
NLC India Limited, a Navratna company under the Ministry of Coal and the first Central Public Sector Enterprise (CPSE) to achieve 1 GW of solar power generation in India, has signed a Power Usage Agreement in Hyderabad with Telangana State DISCOMs. This agreement is for 200 MW of solar power at a competitive and affordable …
