The International Semiconductors Consortium (ISMC), one of the three parties that submitted an application to the Modi government’s incentive programme for the establishment of a chip fabrication plant, is expected to see two Indian companies, Reliance & HCL to acquire a combined stake ranging from 26 to 51%. In May of this year, the Karnataka
The financing for the NIS 4.1 billion ($1.19 billion) deal to buy the Haifa Port has been completed with a group of lenders led by the Mizrahi Tefahot Bank, a joint venture consortium between Israel’s Gadot Group and India’s Adani Ports and Special Economic Zone (APSEZ). Meitav Investment House and State Bank of India are
The merger of L&T Infotech and Mindtree has been approved, and the merged entity will start operating on November 14. It will rank fifth in terms of market capitalization and sixth in terms of revenue among all IT providers in the nation. This merger is among the biggest in India’s information technology (IT) industry. The
Axiscades Technologies has been given the go-ahead to acquire add solution, GMBH, a German company that specialises in providing automotive solutions to international OEMs. In addition to firm contracts with prestigious automotive OEMs, the proposed acquisition will give AXISCADES a strategic foothold in the automotive industry. Significant offshoring opportunities will result from this, and AXISCADES’
The Maharashtra State Electricity Distribution Corporation Limited (MSEDCL) has granted the “Letter of Award” (LoA) to Tata Power Renewable Energy Limited (TPREL), a Tata Power subsidiary, to build a 150MW solar project in Solapur, Maharashtra. The LoA was obtained through competitive tariff-based bidding and an e-Reverse auction. Within 18 months of the day the PPA
Bharat Electronics Ltd., a defence PSU, and Goa Shipyard Ltd. have agreed to work together to produce goods and services in the field of autonomous navigation. The MoU aims to make the most of the strengths and capacities of the two businesses, which will collaborate on the development of autonomously steered vessels and its offshoots.
In order to improve cargo handling operations in India, Gautam Adani, the company’s billionaire founder, has reached an agreement to purchase a 49.38% interest in Indian Oiltanking Ltd. for 10.5 billion rupees ($129 million). The listed port company of the Adani Group has also agreed to purchase a further 10% equity investment in IOT Utkal
Pomalyst (pomalidomide) Capsules in 1, 2, and 3 mg dosages will now be available in Australia thanks to NATCO Pharma Limited. Juno Pharmaceuticals Pty Ltd, NATCO’s business partner, introduced the product. Pomalidomide is prescribed to treat Multiple Myeloma and Kaposi Sarcoma, according to the filing. Refer to the complete prescribing information or other medical sources
According to insiders, if Aditya Birla Capital is chosen as the winning bidder for the life insurance venture of the indebted Reliance Capital Ltd (RCL), the two companies are reportedly in talks to merge their separate insurance ventures. A merger between Reliance Nippon Life and Birla Sun Life Insurance, a unit of Aditya Birla Capital,
Kalyani Strategic Systems Limited, a wholly owned subsidiary of Bharat Forge, has received an order for 155 mm artillery gun system worth $155.50 million. Although Kalayani Strategic Systems Ltd withheld the identity of the nation to which it would be supplying the artillery gun systems, it did state that the order would be fulfilled over
