In the centre of Madhya Pradesh, in the city of Indore, Persistent Systems has opened its first office. The 450-seat office will be the most recent expansion of Persistent’s quickly expanding international delivery network. This new delivery centre will be crucial in helping clients from various industries speed up business transformation and will offer career
According to a tweet posted on Thursday, the Central Public Works Department (CPWD) has paid Larsen and Toubro Ltd. (L&T) Rs 1,189 crore to build the Executive Enclave as part of the Central Vista redevelopment. “The CPWD awarded the contract for construction of Executive Enclave, New Delhi, to Larsen and Toubro Ltd. at 10.44% below
On Friday, Coal India Limited said that it had produced 400 million tonnes of coal in its fiscal year at the fastest rate ever. To reach its goal of 700 MT in FY23, it anticipates that coal production will continue to rise in the upcoming months. “CIL has breached its 400 MT production mark in the
The largest packaged drinking water manufacturer in India, Bisleri, will be acquired by Tata Consumer for approximately Rs 6,000–7,000 crore. Thirty years after selling the soft drink brands Thums Up, Gold Spot, and Limca to Coca-Cola, Chairman Ramesh Chauhan plans to divest Bisleri International to Tata Consumer Products. As part of the agreement, the current
The board of the Indian Energy Exchange (IEX) has approved a proposal to buyback shares worth Rs 98 crore, the exchange reported on Friday. According to IEX, “The board has approved the buyback of fully paid up equity shares of the business with a face value of Re 1 each at a price not exceeding
On Thursday, Larsen and Turbo announced that the Greenko company has awarded a sizable order to its heavy civil infrastructure division of its construction arm for the development of an off-stream pumped storage project in Madhya Pradesh. Orders valued between Rs 1,000 crore and Rs 2,500 crore are considered significant by the company. The Gandhisagar
According to those familiar with the situation, Welspun Corp. Limited is on track to purchase over 70% of Sintex-BAPL Limited’s debts, opening the door for it to seize control of the struggling manufacturer of plastic products that is currently subject to insolvency proceedings. Asset Reconstruction Company (India) Limited (Arcil) in partnership with Welspun, has been
Construction firm Ahluwalia Contracts has landed new business worth Rs. 500.05 crore. The first project is a Rs 68.05 crore design, fabrication, supply, and erection of pre-engineering building structural steel works at Mandale Depot cum workshop at Mumbai Metro Rail project of MMRDA. The second contract includes a substantial upgrade of the lighthouse at Chandigarh
At a total expenditure of Rs 187 crore, UltraTech Cement has started up the third Birla White Wall Care Putty factory in Nathdwara, Rajasthan, with a 4 LMT annual capacity. The two facilities that are now in operation are located in Katni, Madhya Pradesh, and Kharia, Rajasthan. The Company can now produce 13.0 LMT of
Jim Corbett is the ideal vacation spot because of its picturesque surroundings and allure of the forest. The “Welcomhotel” by ITC Hotels, Jim Corbett is about 45 minutes away from India’s premier national park, which is home to more than 600 distinct species of flora and wildlife. It is situated on a hilltop, away from
