Reliance NU Suntech, a subsidiary of Reliance Power, has bagged a 930 MW solar energy contract for battery energy storage system (BESS) project from Solar Energy Corporation of India (SECI) in an e-reverse auction held on December 9. As per the terms of the tender, Reliance NU Suntech will also have to install a minimum
The Jubilant Bhartia Group, promoters of Jubilant FoodWorks, is all set to acquire a 40% stake in Hindustan Coca-Cola Beverages (HCCB), the Indian bottling unit of US beverage giant The Coca-Cola Company. On Wednesday, the Atlanta-based Coca-Cola announced that it had reached an agreement with the master franchisee of Domino’s Pizza for the stake sale.
Co-working startup Innov8 reported a net profit of Rs 62 crore in FY24, a significant jump from Rs 2.5 crore in FY23. The Delhi-NCR-based startup attributed the growth to its asset-light operating model, low capex investment, and a strategic presence in key clusters in metros, which ensures a strong revenue-to-rent ratio and proximity to talent
Domestic consumer goods companies expect market growth rates to improve by FY26 as the urban slowdown pangs may subside by then, executives at top FMCG firms said. Companies also expect mid-single digit price-led growth to drive the overall topline growth. This would come after multiple quarters of pricing decline due to benign commodity costs on
The government will have to look into why the industry has still not become competitive and demands for higher import tariffs keep coming up, while India’s import duties are at world average, a senior official said Wednesday. “The weighted tariff has come down substantially and it is at the world average level but there are
Global beverages major Coca-Cola has sold 40 per cent stake in its India bottling business Hindustan Coca-Cola Beverages Pvt Ltd (HCCBL) to Jubilant Bhartia Group. Though the company has not disclosed the amount of the deal, some media reports have pegged it at around Rs 10,000 crore. “The Coca-Cola Company today announced that it has
The telecom industry reported AGR growth of 7.1 per cent on-quarter and 13.1 per cent on-year during the fiscal second quarter to Rs 681 billion, showed data released by TRAI. The growth, stated an analysis report by JM Financial, was led by 15-17 per cent tariff hike undertaken by private telcos with effect from July
– By Mohit Khattar In a rapidly evolving market, how can QSRs retain their edge and continue to resonate with their customers? The answer may well lie in embracing technology. Technology can serve as that crucial bridge between brands and consumers, enabling richer and more personalized experiences. Understanding and addressing customer needs is essential to
In the era of globalisation, you have access to global markets and the opportunity to invest in international companies. You can invest in global companies either by directly investing in US stocks or through international mutual funds, which invest in foreign companies. Depending on one’s risk appetite, investing directly in US stocks can offer a
ASK Property Fund, KREEVA, and Shapoorji Pallonji Real Estate have jointly declared an investment exceeding Rs 270 crore in a luxury residential project located in Gurugram. This amount represents the initial funding for the collaborative development endeavor. Situated in Sector 46, Gurugram, and encompassing 1.74 acres, this luxury housing initiative aims to transform the urban
The Life Insurance Corporation of India (LIC) has launched Golden Jubilee Scholarship Scheme 2024 for students from economically weaker sections, with an aim to provide them higher education and employment opportunities. Them last date for submission of application is December 22, 2024. Students studying in a government or private university can apply for this LIC
Waaree Energies announced that its wholly owned subsidiary, Waaree Forever Energies has received Letter of Award (LoA) for the development of a 170 MW solar power plant in Madhya Pradesh, from Rewa Ultra Mega Solar Limited (RUMSL). The solar plant, it added, will enable the generation and transmission of clean energy via the Inter-State Transmission
Tech Mahindra on Wednesday announced that the company board had approved the plan to merge Eventus Solutions Group, LLC, its wholly-owned step-down subsidiary, with its parent company viz. Tech Mahindra (Americas) Inc, wholly-owned material subsidiary of the company. “We wish to inform that a plan of merger of Eventus Solutions Group, LLC, wholly-owned step-down subsidiary
