Bharti Airtel has increased its direct stake in Indus Towers, which is held by its wholly-owned subsidiary Nettle Infrastructure. In other news, Airtel has announced the arrival of its cutting-edge 5G services in Itanagar. Airtel increased its stake in Indus Tower by acquiring another 23.01%, bringing its total stake to 47.95%. Previously, Airtel held 24.94%

Coforge Limited, a global provider of digital services and solutions, has announced a new collaboration with Transcard, a global leader in payment and data technology. Coforge will use Transcard’s suite of embedded payments solutions as a value-added reseller. Coforge and Transcard will address insurers’ and other organisations’ payment challenges by providing an all-in-one solution for

Axens and Praj have agreed to collaborate on projects in India to produce Sustainable Aviation Fuel (SAF) from low carbon alcohols via the Alcohol-to-Jet (ATJ) pathway. India is one of the top five aviation markets in the world, with strong growth expected over the next two decades. In order to achieve its Net Zero goal,

We have been informed by ITC Infotech India Limited, a wholly owned subsidiary (WOS), that on February 3, 2023, they will incorporate a WOS in Malaysia under the name of ITC Infotech Malaysia SDN. BHD. (ITC Malaysia). As a result, as of that date, ITC Malaysia has become a step-down wholly owned subsidiary of the

Startup Investments (Holding) Ltd., a wholly-owned subsidiary of Info Edge (India) Ltd, has agreed to invest approximately Rs. 4 crores in Printo Document Services Private Limited. Printo is an Indian print-on-demand platform for personal and business printing, as well as corporate merchandise. Business cards, business stationary, ID cards/accessories, flyers/leaflets, posters, standees, brochures, signage, stickers, calendars

The Federal Reserve slowed its inflation-fighting efforts and said more interest-rate hikes are on the way as officials debate when to end their most aggressive credit tightening in four decades. Policymakers raised the Fed’s benchmark rate target by a quarter percentage point to a range of 4.5% to 4.75%. The smaller increase came after a

Max Ventures and Industries announced that its wholly owned subsidiary, Max Estates, completed the acquisition of Acreage Builders’ remaining 2.39% equity share capital on February 2, 2023, for an enterprise value of Rs 322.50 crore. Acreage Builders has become a step-down wholly owned subsidiary of the company through Max Estates as a result of the

Mahindra Electric Mobility Limited (MEML) has officially merged with its parent company, Mahindra and Mahindra Limited, in Mumbai (M&M). The M&M Board of Directors agreed that MEML would merge into M&M on April 1, 2021, to streamline EV development, manufacturing, and sales operations. The merger process, which has been ongoing, received final NCLT approval on

Tata Steel announced the purchase of shares in Tata Steel Utilities and Infrastructure Services Limited (TSUISL), a wholly-owned subsidiary of the company, for Rs 58 crore in an exchange filing. The company paid Rs 205 per share for 26,97,674 equity shares worth Rs 10. TSUISL will use the investment to invest in its step-down subsidiary

Likhitha Infrastructure rose 2.21% to Rs 224.20 after receiving an order worth Rs 129.63 crore from GAIL (India) for the construction of a cross-country pipeline and associated facilities in Nagpur. The order includes pipeline laying and composite work for the MNJPL project’s PART-B. It will be carried out within 14 months of the funding opportunity