With the launch of the ‘Independence’ brand for staples, processed foods, beverages, and other daily essentials, billionaire Mukesh Ambani-led Reliance will compete with FMCG food businesses of ITC, Tata Consumer Products Ltd, and Adani Wilmar, analysts said. A fully owned subsidiary of Reliance Industries Ltd. is RRVL (RIL). The launch is limited to Gujarat and

The civil construction company said that it has received letter of acceptance (LoA) from the National Highways Authority of lndia (NHAI) for new hybrid annuity model (HAM) projects in the state of Karnataka, Chhattisgarh and Telangana. The Karnataka project includes the construction of a 6-lane access-controlled Greenfield Highway from Maradgi Andola to Baswantpur (Package III

Deepak Fertilizers and Petrochemicals Corporation (DFPCL), a manufacturer of industrial chemicals and fertilisers, announced a corporate restructuring plan under which it will demerge its mining chemicals and fertilisers businesses. According to the company, the corporate restructuring plan will aid in maximising each business’s potential for growth. It approved the merging of Mahadhan Farm Technologies (MFTPL),

Kirloskar Oil Engines (KOEL), a leading engineering, power generation, and solutions company, has signed a memorandum of understanding with RITES Ltd., a leading transport infrastructure consultancy and engineering firm, to jointly explore business opportunities for products and solutions in the areas of railway rolling stock, infrastructure, and urban transport for domestic and international markets. Through

Tata Motors announced that Bengaluru Metropolitan Transport Corporation and its subsidiary company have signed an agreement for the operation of 921 low-floor electric buses in the city. Tata Motors said in a statement that as part of the agreement, subsidiary firm TML Smart City Mobility Solutions will supply, operate, and maintain 921 electric buses for

Bharti Airtel and Tech Mahindra have announced a strategic partnership to deploy a 5G captive private network at Mahindra’s Chakan manufacturing facility. According to the company, Mahindra’s Chakan facility has become India’s first 5G enabled auto manufacturing unit. According to the telecom company, the ‘5G for Business’ solution has significantly improved Chakan’s network connectivity, resulting

Tata Motor announced a deal with Everest Fleet Pvt Ltd to supply 5,000 XPRES-T EVs. As part of the agreement, the company delivered 100 units to Mumbai-based Everest Fleet on Wednesday. “Through such collaborations, we are successfully moving towards increasing EV adoption in India,” the company stated. Tata Motors launched the ‘XPRES’ brand exclusively for

According to the company, one of India’s leading solar panel manufacturing companies has given a new order for the execution of engineering, procurement, construction, and commissioning (EPCC) of a solar power project with a capacity of 33 MW under the company’s ‘Captive Power Producer (CPP)’ segment, as well as 25 years of operation and maintenance

Larsen and Toubro Ltd. (L&T) announced that its hydrocarbon business had received two significant orders. The company did not disclose the exact value of the orders, but it follows the practise of classifying orders worth Rs 1,000-2,500 crore as’significant’. L&T Energy Hydrocarbon has received two prestigious orders for its business verticals Asset Management and AdVENT

Kalpataru Power Transmission said in an exchange filing that it received orders worth Rs. 1,397 crore for its T&D business in India and abroad. “These new orders have significantly improved our T&D order book and provide good visibility for future growth, in addition to the orders declared earlier in the year. Due to the positive