Rail Vikas Nigam has emerged as the Lowest Bidder (L1) from Maharashtra Metro Rail Corporation for construction of: (a) elevated metro stations seven nos. in reach 3A, namely- (1) Hingna Mount View, (2) Rajiv Nagar, (3) Wanadongri, (4) APMC (5) Raipur, (6) Hingna Bus Station, (7) Hingna (b) elevated metro stations three nos. in reach 4A, namely- (1) Pardi (2) Kapsi Khurd (3) Transport Nagar of NMRP phase-2. The project cost is Rs 270 crore.
UltraTech Cement has commissioned of additional 1.2 MTPA grinding capacity at its existing unit situated at Arakkonam, Tamil Nadu. This addition in capacity forms part of the 22.6 MTPA capacity expansion announced in June, 2022. As a result, the company’s total cement capacity has reached 156.06 MTPA.
Bikaji Foods International’s Wholly-Owned Subsidiary--Bikaji Foods Retail (BFRL) is planning to make a strategic investment of an amount not exceeding Rs 131.01 crore in Hazelnut Factory Food Products (THF) for acquisition of its 53.02% of total issued and paid-up equity share capital, in tranches. Additionally, the BFRL has entered into the Share Subscription Agreement and Share Purchase Agreement (Transaction Documents) with THF and its promoters to record the terms and conditions governing the afore-mentioned strategic investment.
Bajaj Auto has received approval for additional investment in the equity share capital of Bajaj Brazil, a wholly owned subsidiary of the Company of up to $10 million (equivalent to Rs 84 crore at an assumed exchange rate of 1 USD = Rs 84) in a phased manner. Additional capital infusion by Bajaj Auto in Bajaj Brazil is to fund for business expansion and the needs of the growing business. The Board of Directors of the company at its meeting held on October 16, 2024, have approved the same.
Manorama Industries has incorporated Wholly Owned Subsidiary (WOS) of the Company with the name ‘Manorama Africa Benin’. The wholly owned subsidiary is incorporated in Benin with primary objective to expand business of the Company.
Bharti Airtel’s B2B arm--Airtel Business has entered into partnership with Vonage to launch Airtel IQ Business Connect - a device-agnostic, unified business communications application that will help enterprises in India to simplify their customer engagement. Airtel IQ Business Connect is a customised multi-channel unified communications application that will enable businesses to enrich their customer experiences by maintaining consistent, long-lasting customer engagement while also overcoming challenges of data loss that can arise during employee transitions or attrition.
L&T Technology Services has reported results for second quarter ended September 30, 2024 (Q2FY25). The company has reported 4.99% fall in its net profit at Rs 293.00 crore for the quarter ended September 30, 2024 as compared to Rs 308.40 crore for the same quarter in the previous year. However, total income of the company increased by 9.88% at Rs 2393.00 crore for Q2FY25 as compared to Rs 2177.80 crore for the corresponding quarter previous year. On consolidated basis, the company has reported 1.30% marginal rise in net profit at Rs 320.00 crore for Q2FY25 as compared to Rs 315.90 crore for the same quarter in the previous year. Total income of the company increased by 8.66% at Rs 2637.90 crore for Q2FY25 as compared to Rs 2427.70 crore for the corresponding quarter previous year.
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