Antony Waste Handling Cell, Electronics Mart India and Titan to see some action today

07 Oct 2024 Evaluate

Antony Waste Handling Cell’s wholly owned subsidiary -- AG Enviro Infra Projects has secured contract worth Rs 908 crore from Navi Mumbai Municipal Corporation (NMMC) for the Project of Collection & Transportation of Municipal Solid Waste and Related allied works in NMMC. This contract has a concession period of 9 years. This milestone marks a significant step forward in company’s collaborative efforts with NMMC to improve waste management services in Navi Mumbai.

Electronics Mart India has commenced the commercial operations of a new Multi Brand Store under the brand name ‘Electronics Mart’ on October 4, 2024 at Nangloi Jat, Naresh Park, Delhi. The area of the store is 5,300 square feet.

Titan has released a second quarter update, where it said the business registered a standalone growth of 25% year-on-year. A total of 75 stores (net) were added during the quarter expanding Titan's combined retail network presence to 3,171 stores.

BLS International Services has successful completed its acquisition of 100% stake in Citizenship Invest (CI), a Dubai-based firm specializing in fast-track investor programs for residency and citizenship across more than 15 countries. The company, through its wholly owned subsidiary BLS International FZE, UAE, acquired CI for a total purchase consideration of $31 million (around Rs 260 crore), fully funded through internal accruals. All necessary government and regulatory approvals were obtained ahead of schedule.

Aurobindo Pharma’s wholly owned step-down subsidiary in South Africa -- Aurogen South Africa (Pty) (Aurogen) has entered into an agreement with Novabee Proprietary, to sell and dispose of the entire 50% shares held by Aurogen in Novagen Pharma (Pty) (Novagen). After the disposal of 50% shares held by Aurogen, Aurogen will cease to be the joint venture partner of Novagen.

Share India Securities’ wholly owned subsidiary -- Share India Capital Services has entered into a Memorandum of Understanding (MoU) with Centre of Excellence (CoE) for Aspiring SMEs, a joint initiative of Federation of Indian Micro and Small & Medium Enterprises (FISME) and IFCI (IFCI), to provide strategic guidance and support to small and medium enterprises (SMEs), facilitating their advancement to medium or large corporate status by arranging appropriate linkages for obtaining external equity and establishing critical business collaborations.

Force Motors has reported 7.20% fall in its total sales (Domestic + Export) for Small Commercial Vehicles (SCV), Light Commercial Vehicles (LCV) and Utility Vehicles (UV) at 2,564 units for September 2024 as compared to 2,763 units sold in September 2023. Out of total, the company’s domestic sales for SCV, LCV and UV stood at 2,449 units in September 2024. The company has exported 115 units of SCV, LCV and UV in month of September 2024.

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