MoneyWorks4Me

Rail Vikas Nigam, Infosys and Uno Minda to see some action today

27 Sep 2024 Evaluate

Rail Vikas Nigam (RVNL) has signed MoU with Engineers India (EIL). The Parties will co-operate to Explore business avenues identify projects across the globe complementing each other in partnership resulting in increased capability for bidding and carrying out Infrastructure and other Projects of mutual interests; Share relevant information with the aim of identifying market needs and dovetailing it with capabilities of Parties; Establish a working relationship with each other targeting specific industry needs; and Facilitate the development of business proposals including exploring Engineering Procurement Construction (EPC) opportunities arising at various Govt, Semi-Govt, Autonomous Bodies or Authorities/ Private Entities/ Multilateral Funding Agencies across the globe. 

Infosys has entered into strategic collaboration with Sally Beauty Holdings, Inc. (SBH), an American international specialty beauty retailer and distributor of professional beauty supplies. Driving enterprise-scale IT transformation, Infosys will implement best practices in IT operations to bring efficiencies through the optimization of IT service delivery. The collaboration will also help SBH standardize and simplify their IT systems and services by implementing AI-driven hyper-automation. The transformation will enable SBH to activate enhanced IT services with 24/7 predictive and proactive monitoring.

Uno Minda has acquired 24769500 equity shares i.e., 49% stake of Minda Nabtesco Automotive (MNAPL) from Nabtesco Automotive Corporation, Japan, for a total consideration of Rs 1.30 crore. With this acquisition, MNAPL has become an Associate of Uno Minda. 

Biocon has signed a licensing and supply agreement with Tabuk Pharmaceutical Manufacturing Company (a fully-owned subsidiary of Astra Industrial Group), a leading pharmaceutical company in the Middle East and North Africa (MENA) region, to commercialize its GLP-1 products for treating diabetes and chronic weight management, in select countries of the Middle East. 

Seamec has entered into a Bimco Charter Party dated September 26, 2024 with Supreme Hydro Engineering for Charter Hire of its Vessel ‘SEAMEC III’ for working in Mumbai High Offshore Fields for carrying out jobs related to underwater inspection of FPSO. The Charter Hire will be for a firm period of 20 days with option for extension on mutually agreed terms. The charter hire to commence around October 10, 2024. The Total value for the firm period is $640,000 exclusive of GST.

NTPC’s wholly owned subsidiary -- NTPC Green Energy (NGEL) has entered into a Joint Venture Agreement (JVA) with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) on September 25, 2024. The JV company will undertake development of 10 GW of Renewable Energy Parks and Projects in Maharashtra or in any other state of India.

Ola Electric is all set to establish 10,000 sales and service outlets by the end of 2025 to expand its reach across smaller cities and towns. The company has initiated a network partner programme aimed at taking the EV revolution further into tier-2 and tier-3 cities, including urban pockets where EV penetration still remains low.

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