Infosys and Old National Bank (ONB) have entered into a strategic expansion of their four-year collaboration. This deepening of a highly successful relationship enables Old National to leverage Infosys services, solutions and platforms for operations transformation and process digitization powered by automation and GenAI, and transformation of key business areas.
Torrent Power has received letter of award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for long-term supply of 2,000 Megawatt (MW) Energy Storage Capacity from InSTS Connected Pumped Hydro Storage Plant. This 2,000 MW capacity is inclusive of 1,500 MW Capacity for which Letter of Intent was already issued by MSEDCL on September 17, 2024. The Company has now received allotment of additional 500 MW capacity under the tender taking the total capacity allocated to 2,000 MW.
G R Infraprojects’ wholly owned subsidiary -- GR Bahadurganj Araria Highway has received Provisional Completion Certificate for the project ‘Four laning of Bahadurganj-Araria section of NH-327E from Km 49.000 to Km 93.983 (Package-II) on Hybrid annuity mode in the State of Bihar’. The Provisional Completion certificate has been issued by the Independent Engineer on October 8, 2024 and has declared the project fit for entry into commercial operation with effect from August 10, 2024.
Spandana Sphoorty Financial has raised Rs 50.35 crore through allotment of 5,000 Secured, Senior, Redeemable, Transferable, Listed, Rated Non-Convertible Debentures (NCDs) having face value of Rs 1,00,000 each at a premium of Rs 690.40 per debenture, on private placement basis. The Management Committee of the Board of Directors of the Company vide its resolution dated October 08, 2024, has approved and allotted the same.
Bright Outdoor Media has won the prestigious long-term advertising rights for Navi Mumbai Metro Line 1 from the City & Industrial Development Corporation of Maharashtra (CIDCO). This significant achievement grants Bright Outdoor exclusive advertising rights across the entire metro line 1, spanning stations, pillars, and viaducts, with a total advertisement area of over 85,000 square foot. The Navi Mumbai Metro Line 1 consists of 11 stations, including Belapur Terminal, RBI Colony, Belpada, Utsav Chowk, Kendriya Vihar, Kharghar Village, Central Park, Pethpada, Amandoot, Pethali-Taloja, and Pendhar. Advertising spaces will be strategically placed in station areas, on pillars, and along the viaducts, ensuring widespread visibility and impactful brand exposure.
Keystone Realtors has reported a more than two-fold jump in its sales bookings to Rs 700 crore during the second quarter of this fiscal year (Q2FY25) on strong housing demand. The company sells its properties under the ‘Rustomjee’ brand. The company reported pre-sales of Rs 700 crore in the second quarter of the 2024-25 fiscal as compared to Rs 306 crore in the year-ago period. Pre-sales stood at Rs 1,311 crore during the April-September period of this fiscal as against Rs 807 crore in the corresponding period of the previous year.
Tata Technologies and the BMW Group, one of the world’s leading premium automotive manufacturers, have formed a 50:50 joint venture, BMW TechWorks India, aimed at bolstering BMW’s software capabilities in the automotive sector. This venture reflects a growing trend towards digital solutions in the industry.
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