Tech Mahindra has signed a memorandum of understanding (MoU) with the University of Auckland (UoA). This MoU will accelerate research and innovation in artificial intelligence?(AI), machine learning (ML), and quantum computing across various industries, including healthcare, banking, financial services, and insurance. This also includes cooperation with the government sector. Tech Mahindra and UoA's collaboration will enhance the cooperation between industry and academia, with the goal of improving UoA graduates' employability.
Shraddha Prime Projects has received Commencement Certificate (CC) from Maharashtra Housing and Area Development Authority (MHADA) for its recently launched project, Shraddha Pratham located at Magathane, Borivali East, Mumbai. The project is anticipated to be delivered by August 2027 and has a Gross Development Value (GDV) of approximately Rs 400 crore. The proposed saleable area of the project is 1,32,500 sq. ft. as per RERA.
TVS Holdings has received approval for acquisition of 80.74% of the issued, subscribed and paid-up share capital of Home Credit India Finance from Home Credit India B.V., an entity based in Netherlands and Home Credit International A.S., an entity based in Czech Republic (Proposed Acquisition) and approved the same under sub-section (1) of Section 31 of the Competition Act, 2002. The Competition Commission of India (CCI) at its meeting held on September 24, 2024 has considered and approved the same. The Proposed Acquisition remains subject to the approval by the Reserve Bank of India.
Power & Instrumentation (Gujarat) (PIGL) has been appointed by the Airports Authority of India (AAI) as the specialized agency responsible for the power supply system of the new Integrated Passenger Terminal Building at Maharana Pratap Airport, Udaipur. This appointment is part of a broader contract awarded to Nyati Engineers & Consultants, the main contractor for the airport's modernization project. Under the terms of the contract, PIGL will be responsible for designing, implementing, and commissioning the entire power supply system for the state-of-the-art terminal. This encompasses power distribution, installation of electrical substations, energy management systems, and ensuring full compliance with safety and regulatory standards.
JBM Auto’s subsidiary -- JBM Ecolife Mobility (JBMEco) has incorporated a wholly owned Subsidiary Company in the name of ‘Ecolife Mobility Odisha’ (EMOPL). Further, the EMOPL has received the Certificate of Incorporation on September 25, 2024 from Ministry of Corporate Affairs. Ecolife Mobility Odisha has been incorporated for operation, running and maintenance of electric buses, for Governments/ State Transport Undertakings (STUs).
Calcom Vision has approved the formation of a wholly owned subsidiary (WOS) named ‘Calcom Kadapa’ on September 25, 2024 by acquiring the remaining one share of Rs 10 each in it.
Coromandel International has announced acquisition of additional equity stake in Baobab Mining and Chemicals Corporation (BMCC), Senegal, through its wholly owned subsidiary Coromandel Chemicals. Coromandel will acquire an additional 8.82% equity stake in BMCC, taking its overall shareholding to 53.8%. Coromandel will invest $3.84 million (Rs 32 crore) in BMCC, besides loan infusion of $6.5 million (Rs 54 crore) to fund expansion projects and meet working capital requirements.
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