Infosys has entered into strategic collaboration with zooplus, a leading European e-commerce company based in Munich, Germany, to enhance its service capability and scalability. The collaboration will establish a state-of-the-art Global Capability Center (GCC) in Hyderabad, India. zooplus will leverage Infosys Topaz, an AI-first offering using generative AI technologies, that will aim to help the company drive AI innovation and growth transform e-commerce capabilities, and enhance operational efficiency.
Exicom Tele-Systems has completed the remittance of third tranche investment on October 10, 2024. This involves subscribing to an additional Euro 7,59,219 ordinary shares each with a nominal value of Euro 1, of Exicom Power Solutions B.V., a wholly owned subsidiary, for cash consideration aggregating to EURO 7,59,219 (equivalent to Rs 7 crore).
Ahasolar Technologies has secured the prestigious contract to develop the digital ecosystem and to contribute to the technological deployment of the World's Biggest Rooftop program of Govt of India for the PM Surya Ghar: Muft Bijli Yojana with the order slated for execution by March 2025. This transformative project, designed to solarize 1 crore households across India, will be implemented by REC, a National Programme Implementation Agency appointed by Ministry of New and Renewable Energy, Govt. of India and will facilitate the country’s transition to green energy by providing millions of citizens with access to clean, affordable power.
Aarti Industries’ wholly owned subsidiary -- Aarti Chemical Trading - FZCO (Dubai), has incorporated an overseas wholly owned subsidiary in the name of Aarti Chem Trading USA Inc for trading and dealing in speciality chemicals.
Exide Industries has invested Rs 99.99 crore by way of subscription in the equity share capital of its wholly owned subsidiary, ‘Exide Energy Solutions’ ('EESL), on rights basis. With this investment, the total investment made by the Company in EESL stands to Rs 2,852.24 crore. There is no change in the shareholding percentage of the Company in EESL pursuant to such an acquisition. EESL is in the process of setting up a green field plant at Bengaluru for manufacturing & selling lithium-ion battery cells, modules and pack business. The equity investment in EESL on a rights basis is to fund the above green field project and meet its various funding requirements.
CESC’s subsidiary -- Purvah Green Power has incorporated a Wholly Owned Subsidiary Company named JSK Renewable (JSKRPL) on October 10, 2024. JSKRPL will explore opportunity in renewable power sector.
Tata Consultancy Services (TCS) has reported results for second quarter ended September 30, 2024 (Q2FY25). The company has reported 18.89% rise in its net profit at Rs 12,994 crore for the quarter ended September 30, 2024 as compared to Rs 10,929 crore for the same quarter in the previous year. Total income of the company increased by 10.12% at Rs 57,175 crore for Q2FY25 as compared to Rs 51,920 crore for the corresponding quarter previous year. On consolidated basis, the company has reported 5.05% rise in net profit at Rs 11,955 crore for Q2FY25 as compared to Rs 11,380 crore for the same quarter in the previous year. Total income of the company increased by 7.07% at Rs 64,988 crore for Q2FY25 as compared to Rs 60,698 crore for the corresponding quarter previous year.
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