The government has received five more applications to run pilots of the E-commerce Export Hubs (ECEH) of which three including DHL, have been shortlisted, a senior official said. The other two shortlisted companies are Go Glocal and Lexship. With this, the number of companies that have been selected to run pilots for these hubs will
Exide Industries on Tuesday announced that it has invested around Rs 100 crore in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL) by way of subscription in the equity share capital on rights basis. With this, the total investment, as on date, made by the company in EESL now stands at Rs 3152.24 crore
Reliance NU Suntech, a subsidiary of Reliance Power, has been awarded a major contract by the Solar Energy Corporation of India (SECI) for a solar and battery energy storage system (BESS) project. The project is for its 930 MW solar project, along with a 465 MW/1860 MWh BESS component. The contract was secured through a
– By Sarbojit Mallick Despite global challenges and uncertainties at workplaces, the Indian tech hiring industry is showcasing resilience in the upcoming year. Many companies have already picked up the pace as prominent tech institutions open doors to first-time recruiters, apart from legacy companies like Microsoft, Oracle, Google and others. According to Nasscom, campus hiring
Adani Group-owned Ambuja Cements on Tuesday announced the merger of its subsidiaries Sanghi Industries Limited (SIL) and Penna Cement Industries Limited (PCIL) with itself. In a regulatory filing, the company said that it has entered into a scheme of arrangement with the two aforementioned companies and the proposed schemes inter ia provide for the amalgamation
The domestic gold jewellery consumption (in value terms) is expected to continue its momentum in the current fiscal with an estimated growth of 14-18 per cent YoY, stated a report by ICRA. This follows the sharp growth of around 18 per cent in FY2024, which was primarily driven by realisations even as volume growth was
The US-China trade war, triggered by Donald Trump’s tariffs on Chinese goods, has reshaped the global trade landscape. While these tariffs aimed at curbing China’s economic dominance, they have inadvertently opened up opportunities for other nations, particularly India, to step into the void and strengthen their roles in global supply chains. India’s Strategic Advantage As
The approach from the Solar Energy Corporation of India (SECI) on Sept. 15, 2021 came out of the blue. The federal agency, tasked with developing the solar sector, wanted to know if the southeastern state of Andhra Pradesh would like to sign India’s largest renewables contract. Two years earlier, Andhra Pradesh’s energy regulator had said
When an investment matures, you face a crucial decision: withdraw the funds or reinvest them for future growth. The right choice depends on your financial goals, market conditions, and liquidity needs. Reinvesting can help build wealth through compounding, while withdrawing may be ideal for immediate expenses or reallocating to better opportunities. Understanding the pros and
With Bharti Airtel and Reliance Jio announcing their respective agreements with SpaceX, JM Financial said that this tie-up is largely neutral for the two telecom companies and there seems to be no significant risk to growth potential for Indus Towers. Currently, the agreement between the two telcos and SpaceX is limited to distributing Starlink’s satellite
OLA Electric Mobility has been continuously in the eye of the storm. The share price fell below Rs 50 per share on the National Stock Exchange, down 6.2% intra-day. This is after Rosmerta Digital Services initiated insolvency proceedings against OLA Electric Mobility’s wholly-owned subsidiary, Ola Electric Technologies, for non-payment of incurred services. Rosmerta initiates bankruptcy
Wipro shares fell 0.9% to an intra-day low of Rs 261.70 after it realigned the global business with clients’ needs. The stock was among the major losers on Nifty and has lost 13% year to date. The restructuring in global business line comes amidst the US recessionary concerns and challenging macroeconomic conditions. Also, the company
Infosys is back in the spotlight as investors keep a close watch on the IT giant following recent developments. From its upcoming quarterly earnings to stock performance trends, here are five key things to know about Infosys shares right now. Infosys: Quarterly earnings on the radar The countdown has begun for Infosys Q4 results. The
