PNC Infratech has signed agreement for a hybrid annuity model (HAM) project with National Highways Authority of India (NHAI) on four laning of Sonauli – Gorakhpur section of NH-29E in Uttar Pradesh. The road length under the project is 79.54 kilometers. The project cost is Rs 1458 crore. “The above project is to be constructed in

The Government is expected to acquire a stake in debt-laden Vodafone Idea Ltd. Debt-ridden Vodafone Idea (VIL) has decided to opt for converting about Rs 16,000 crore of interest liability payable to the government into equity which will amount to around 33 per cent stake in the company while promoters’ holding will come down from

Samvardhana Motherson to acquire the frame manufacturing and assembly operation assets of Daimler India Commercial Vehicles, which is a subsidiary of the German Daimler Truck AG. The acquisition is expected to be completed during the third quarter of fiscal year 2022-23, subject to customary closing conditions and necessary regulatory approvals. The purchase of these assets

Utility major NTPC Ltd. has signed a pact to supply renewable energy to India’s armed forces, the ministry of power said in a statement.  “Under the deal, NTPC will supply to the Military Engineering Services, a construction and maintenance agency, and one of the pillars of Corps of Engineers of the Indian Army that provides

India on Thursday imposed a 20% duty on exports of various grades of rice to calm the local prices. The tax would discourage buyers from making purchases from India and prompt them to shift towards rivals Thailand and Vietnam, which have been struggling to increase shipments and raise prices. The government has excluded parboiled and

Mahindra Logistics (MLL) has unveiled 1 lakh sq. ft. of warehouse today designed with a sustainable warehousing architecture including multi-client capabilities, renewable energy, resource conservation and green cover in Nashilk. This state-of-art warehouse will be an important part of MLLs pan-India network of multi-user facilities that support customers inbound to manufacturing and fulfilment operations. The

Mahindra & Mahindra Limited informed that its subsidiary Mahindra Agri Solutions Limited (MASL) has agreed to divest its entire 91.59% stake in paid-up Equity Share Capital of Merakisan Private Limited (MKPL), a subsidiary of MASL. The company will sell the entire stake to MKPL’s promoter Prashant Patil. Following the sale, MASL’s stake in MKPL would

Over 450 EV charging points across more than 350 national highways, including one on the longest highway (NH 44) and another on the busiest highway (NH 19), have been installed by Tata Power. These EV charging points on the highways are installed at diverse locations like hotels, commercial complexes, and car dealerships, among others, across

Tata Power-backed subsidiary Tata Power Renewable Energy (TPREL, collaborated with the leading Indian Stainless Steel manufacturer Viraj Profile to set up a 100 MW captive solar plant. TRPEL is one of India’s largest integrated renewable energy companies. The company has been India’s No. 1 Solar Rooftop EPC player for the last eight years. The power generated will

Soon after becoming world’s fifth-largest economy, India has also become the fifth-biggest equity market. The Indian share market held firm in 2022 when Covid pandemic and the Ukraine war pulled down most Global equity markets and it’s share in global market cap reached an all-time high of 3.5 percent, rebounding from 2.05 percent in May