Aditya Birla Group
New Delhi: Aditya Birla Group, a prominent Indian conglomerate, is venturing into the branded jewellery retail business with a significant investment of ₹5,000 crore. This move puts them in direct competition with established players like Titan Company and Kalyan Jewellers.
Adani Group
Shares of Adani Group witnessed a 3% increase in Tuesday’s trading session as the conglomerate announced the repayment of loans amounting to $2.65 billion. The company informed exchanges about this development on Monday, leading to a positive market response.
TCS
Tata Consultancy Services (TCS), the renowned information technology major, has unveiled TCS Dexam, its cutting-edge data marketplace platform. This innovative solution, launched on Google Cloud, empowers enterprises to democratize and monetize data seamlessly across various ecosystems. By facilitating controlled data exchange, TCS Dexam enhances data governance while ensuring compliance with stringent data privacy, consent, and security regulations.
Larsen and Toubro
In a recent announcement, Larsen and Toubro (L&T) revealed that its subsidiary, L&T Construction’s buildings and factories (B&F) business, has successfully secured noteworthy engineering, procurement, and construction (EPC) contracts within the Indian market. These contracts were awarded by a reputable developer for the construction of commercial towers at two prominent locations in Mumbai.
GMR Group
Hyderabad, June 06, 2023: GMR Hyderabad International Airport Limited (GHIAL), a subsidiary of GMR Airports Infrastructure Limited (formerly known as GMR Infrastructure Limited), has revealed its plans to sell an extensive warehouse facility spanning approximately 818,000 square feet at the Hyderabad Airport.
NHPC
NHPC Limited, a prominent state-owned hydropower company, has recently signed a Memorandum of Understanding (MoU) with the government of Maharashtra for Green Energy Projects. The partnership aims to develop energy storage systems and various renewable energy sources, including solar, wind, and hybrid, with a combined capacity of 7,350 MW. The announcement was made by NHPC in its filing with stock exchanges on Tuesday.
Canara Bank
Mumbai-based Canara Bank, a state-owned financial institution, is making significant strides towards monetizing its non-core assets by launching initial public offerings (IPOs) for two of its subsidiaries, Canara Robeco Asset Management and Canara HSBC Life Insurance Company. In recent consultations with investment bankers, the bank discussed plans to execute the proposed stake sale, according to sources familiar with the matter.
IIFL Finance
IIFL Finance Ltd, a prominent financial institution, has recently announced its plans to raise ₹1,500 crore through a public issue of secured bonds. The firm, backed by Fairfax, aims to generate funds by issuing secured non-convertible debentures (NCDs).
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