TVS Motor is in talks with the Abu Dhabi Investment Authority (ADIA), Goldman Sachs, and Carlyle to invest $300-350 million in its electric vehicle (EV) arm. According to people familiar with the situation, the investment would raise the company’s potential valuation to $3-3.5 billion. Following Tata Motors and Greaves Cotton, TVS Motor Company would become
Tata Group’s Air India signed multibillion-dollar deals with Airbus of France and Boeing of the United States to purchase 470 passenger planes in the largest shopping event in commercial aviation history—a move that is expected to significantly improve India’s image on the global stage as an emerging leader in the commercial aviation sector. Air India
The United States Food and Drug Administration (USFDA) has given Zydus Lifesciences preliminary approval to market Bosentan Tablets for Oral Suspension, 32 mg (USRLD: Tracleer Tablets for Oral Suspension). Bosentan Tablet for Oral Suspension is indicated for the treatment of idiopathic or congenial pulmonary arterial hypertension (PAH) in paediatric patients aged 3 years and older
Tata Steel anticipates completing the merger of its seven subsidiaries with itself in the coming fiscal year. The plans were announced earlier this month. According to a top official, the merger’s completion will be contingent on regulatory approvals, including those from the National Company Law Tribunal (NCLT). However, Tata Steel CEO & MD TV Narendran
South Indian Bank has announced the signing of an agreement with Maruti Suzuki to provide customers with dealer finance options and customised auto retail financing solutions. With this collaboration, South Indian Bank hopes to assist dealer partners in streamlining vehicle inventory funding and providing comprehensive retail financing solutions to Maruti Suzuki customers. “It is our
RITES has been awarded a Third Party Inspection contract for work under the Jal Jeevan Mission (JJM) in Rajasthan, under the jurisdiction of the PHED Regions of Jaipur, Jaipur-I, Jaipur-II, and Bikaner. The estimated cost of major projects in the aforementioned regions is?11209 crore. The RITES fees in the work order cost of JJM works
An Indian public sector power company has awarded Thermax a Rs. 251.7 crore contract for the renovation and modernization (R&M) of the Electrostatic Precipitator Package of its 3×210 MW Thermal Power Station in Bankura, West Bengal, India. The ESP systems will be renovated, retrofitted, and modernised to reduce particulate emissions and meet the power plants’
BEML receives a Rs 377.98 crore order from HVF Avadi to supply 118 track width mine ploughs. HVF, Avadi, has placed an order with the railway transportation company for 118 track width mine plough (TWMP) units for the Arjun MBT MK-1A. The order has a contract value of Rs 377.98 crore, and the supply of
Kotak Mahindra Bank, a private sector lender, announced that it will acquire 100% of the equity shares of Sonata Finance Pvt Ltd, a non-banking financial company-microfinance institution (NBFC-MFI), from its existing shareholders for Rs 537 crore. The transaction is subject to regulatory approvals, including those from the Reserve Bank of India (RBI). Sonata Finance will
The global provider of digital services and solutions announced a collaboration with Denodo to enable banks and other financial institutions to engage in agile projects without disrupting daily operations. Denodo is a leading platform for data integration, management, and delivery. Denodo will bring its logical data integration and data management approach, powered by data virtualization,
