In recent news, several companies have made significant moves in the real estate, renewable energy, and retail sectors, among others. Here is a summary of the latest developments:
1. Infosys has filed a counterclaim against Cognizant, accusing the latter of anti-competitive practices in the healthcare software market.
2. Signature Global has acquired land in Gurugram for a premium housing project, reaffirming its commitment to the residential property market.
3. Macrotech Developers has acquired land in Bengaluru for a housing project worth ₹2,800 crore as part of its expansion plan.
4. Godrej Properties has purchased a 24-acre land parcel in Indore for around ₹200 crore to develop housing plots.
5. The NCLAT has sanctioned the merger of Indiabulls Real Estate and Embassy Group after setting aside the NCLT order stalling the process.
6. The Indian Gas Exchange is seeking regulatory approvals to launch 3-6 month gas contracts benchmarked to international gas prices.
7. Avenue Supermarts has appointed Unilever’s Anshul Asawa as its CEO Designate as part of a top-level management reshuffle.
8. NLC India Ltd’s renewables arm has entered into a joint venture pact with Assam Power Distribution Company Ltd to develop 1000 MW solar power projects in Assam.
9. Punjab & Sind Bank has rejected the settlement proposal for Supertech Township Projects, leading NCLAT to decide on the insolvency of the realty firm.
10. Hindustan Unilever has incorporated a new subsidiary, Kwality Wall’s, for the proposed demerger of its ice cream business.
These developments highlight the dynamic nature of the market and the strategic initiatives being undertaken by companies across sectors. Stay tuned for more updates on these and other companies making headlines in the business world.
