MoneyWorks4Me

Infosys, Reliance Industries and Protean eGov Technologies to see some action today

29 Aug 2024 Evaluate

Infosys has collaborated with the Stanford University Institute for Human-Centered Artificial Intelligence (Stanford HAI), an organization dedicated to guiding and building the future of artificial intelligence (AI), to help accelerate AI research initiatives by becoming a member of Stanford HAI’s Corporate Affiliate Program.

The Competition Commission of India (CCI) has approved the merger between Reliance Industries-promoted Viacom18 and Walt Disney-owned Star India. This landmark merger is set to create India’s largest media and entertainment firm, with Reliance holding a 56 per cent stake, Disney owning 37 per cent, and Bodhi Tree Systems having 7 per cent. That apart, the company is also holding its AGM for FY24, today.

Protean eGov Technologies has incorporated a 100% subsidiary company in UAE in the name of ‘Protean International DMCC’ on August 27, 2024. The objective of incorporation is to undertake IT/ITeS projects across multiple countries.

Tantia Constructions has received an order amounting to Rs 3.74 crore from Government of Tripura, Office of the Executive Engineer, PWD (R&B), Belonia Division, Belonia, South Tripura against a contract work for ‘Construction of RCC Bridge over Abhayacherra on Barpathari to Tulamura Road at Ch. 4.50 KM (Job No. TP/COM/1/2012-13) for implementation under NABARD (RIDF-XII) (Length=43.120m)/Balance Work (4th Call).'

Lemon Tree Hotels has signed new property in Ujjain, Madhya Pradesh. The property is expected to open in FY 2027 and shall be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels.

Sonata Software has been chosen as a strategic IT outsourcing partner by a US-based premier Healthcare and Wellness company. The company's primary focus is delivering personalized, high-quality care that addresses the unique needs of vulnerable patients and underserved populations in challenging clinical environments and other behavioral health settings. It is committed to improving health outcomes through comprehensive, patient-centered programs.

Rakesh Gangwal, co-founder of InterGlobe Aviation (which operates IndiGo), plans to sell up to $850 million worth of his stake in the country’s largest airline through block deals. 


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