Bharti Airtel will remain in focus, as according to media reports, one of its promoter entities, Indian Continent Investment Limited, plans to offload a 0.8 per cent stake through a block deal
Godrej Enterprises Group has signed an initial pact with Italian automation specialist Bisiach & Carru for producing advanced railway and aerospace equipment in the country. The strategic collaboration with the tooling business of Godrej & Boyce, which comes at a pivotal moment in India’s manufacturing evolution, perfectly aligned with the nation’s push for self-reliance in critical sectors, will initially target a higher local manufacturing content with plans to increase this as capabilities develop, Godrej Enterprises said in a statement.
Choice Broking, subsidiary of Choice International, has acquired wealth management firm Arete Capital Services for an undisclosed sum. With this acquisition, the brokerage firm’s total wealth management assets under management (AUM) will grow to Rs 6,241 crore from Rs 1,090 crore, representing nearly a six-fold expansion in its total AUM base, the company said in a statement.
SBI Cards and Payment Services on Monday said its board has appointed Salila Pande as the Managing Director & CEO with effect from April 1, 2025. The appointment of Pande, who has been nominated by State Bank of India, will be for a period of two years, SBI Card said in a filing to the BSE. The board has approved the appointment of Pande pursuant to the superannuation of Abhijit Chakravorty from the services of State Bank of India from March 31, 2025, it said.
Uno Minda has signed the Joint Venture Agreement with Uno Minda Auto Innovations Pvt. Ltd., Suzhou lnovance Automotive Co. Ltd. and lnovance Automotive (HK) Investment Co. Ltd. for development and manufacturing of High Voltage Category of 4W PV & CV EV Powertrain Products like Combined Charging Units, E Axle, Inverter, Motors etc.
Karnataka Bank has requested for reversal of suspicious cross border UPI transaction of Rs 18.87 crore to the Reserve Bank. During the course of its review of suspicious UPI Global transactions has identified certain deficiencies in the reconciliation process, Karnataka Bank said in a regulatory filing. The bank confirms that owing to this, there is no impact on the operations of the bank nor on customer servicing, it said.
Bharat Electronics Ltd (BEL) has inaugurated its second assembly line for electronic fuzes for artillery ammunition at its Pune unit, according to a release .The new assembly line was inaugurated at BEL-Pune by Lt Gen Amardeep Singh Aujla, Master General Sustenance (MGS), Indian Army, in the presence of Manoj Jain, CMD, BEL.
Gabriel India has entered into a license agreement with Marelli Suspension Systems Italy S.p.A. This agreement allows Gabriel India to manufacture, assemble, and market specific products in India using Marelli Italy’s technical expertise. In addition to this, the two companies have signed a technical assistance agreement.
Krishna Institute of Medical Sciences (KIMS) informed the exchanges that it has taken over operations and management of UAIMS Hospital in Sangli, Maharashtra. This is the newly rebranded entity and will be known as KIMS-UAIMS Hospital.
Shakti Pumps has invested ₹4 crore in its wholly owned subsidiary i.e. Shakti EV Mobility Private Limited (formerly known as Shakti Green Industries Private Ltd) by subscribing to 40,00,000 (forty lakhs) equity shares of face value of ₹10. The consolidated investment is ₹39 crore after subscribing aforesaid equity shares.
Bharti AXA Life Insurance has announced a significant investment from funds managed by 360 ONE Asset. As part of this transaction, 360 ONE Asset, through its funds will acquire a 15 per cent stake in Bharti AXA Life Insurance, to strengthen the company’s growth trajectory, unlock new avenues for innovation and enhance market share. The transaction, which is subject to regulatory approvals, marks a significant milestone for Bharti AXA Life Insurance as it continues to build on its strong foundation and customer-centric approach.
Zomato on Monday announced that it is introducing an AI backed customer support platform, Nugget. The company said it supports over 15 million interactions per month for Zomato, Blinkit and Hyperpure. Nugget is the first product from Zomato Labs, an incubator for in-house innovations.
Vinay Gupta, Company Secretary & Compliance Officer of Religare Enterprises has tendered his resignation on February 17, 2025 and the same has been accepted by the board.
In a strategic initiative to boost travel to Sabah (Malaysia) from the highpotential India market, Thomas Cook (India) Limited, India’s premier omnichannel travel services provider, and its group company, SOTC Travel, have signed an agreement with Sabah Tourism Board. This strategic collaboration will ensure focus on growing Sabah’s visibility and inspiring visitation from the India market.
CSC Data Services India Ltd and Anant Raj Cloud Pvt. Ltd, subsidiary of Anant Raj, has signed & executed an agreement to jointly offer and promote Rack Rental Business (Co-location data Center) and cloud services to different government departments and private organisations. The scope of this strategic agreement is to establish the general technical and business relationship between the parties for sovereign Data Centre & Cloud Services. ARC shall help and support CDSIL on technical, technology and marketing matters. ARC shall also help in implementing Data Centre Services or Disaster Recovery Services.
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