KEC International, an infrastructure EPC major, under the RPG Group, announced that it has secured turnkey orders worth Rs 1,704 crore for its Transmission & Distribution (T&D) business. The order is for design, supply and installation of 765 kV transmission lines and GIS substations from Power Grid Corporation of India Limited (PGCIL). Vimal Kejriwal, MD
Gautam Adani, his nephew Sagar Adani and other key Adani executives have not been charged with any bribery charges, that is, violation of the Foreign Corrupt Practices Act (FCPA) in the indictment of the US Department of Justice (DoJ) or the civil complaint of the US Securities and Exchange Commission (SEC), Adani Green Energy Ltd
Investment firm We Founder Circle is looking to invest in emerging sectors such as sustainability, electric vehicles (EVs), space tech and defence tech by FY25. “EVs are a major focus for us as the global push towards clean energy and reducing carbon emissions is driving innovation in this space,” Gaurav VK Singhvi co-founder, We Founder
RMZ, one of the largest family-owned alternative asset owners, aims to build a diverse portfolio across sectors such as hospitality, healthcare, data centres, warehousing, and residential real estate, while also exploring opportunities in the renewable energy sector. The company plans to bring in partners and investors to support its growth across various businesses. RMZ will
Sonata Software on Wednesday said it has secured a multi-million dollar modernisation deal with a global leader in access solutions. The project aims to integrate and standardise the client’s business processes across 13 countries in the APAC region, enabling seamless operations and real-time engagement with customers, suppliers, distributors, and partners, it said. The deal was
IT services company LTIMindtree has set its sights on achieving $10 billion in revenue by financial year 2031-32 by scaling verticals and embracing artificial intelligence (AI), as unveiled during its Investor Day on November 26. However, the announcement met with mixed reactions from brokerage firms, with many expressing caution over margin pressures and execution risks.
The government has auctioned nine coal mines of ten that went under the hammer, expecting to generate an annual revenue of Rs 1,446 crore as these go on stream. The auctioned blocks which include three fully explored mines and six partially explored coal mines are likely to attract a capital investment of around Rs 2,115
Citing the rising import dependence to meet domestic consumption, the domestic aluminium industry has sought policy steps to “safeguard” the domestic market and create a conducive situation for fresh investments. Over 55% of the domestic consumption was met via imports in FY24, while domestic capacity creation is at a low ebb. Industry bodies namely the
Indore-based TaskUs, a leading BPO and digital transformation services provider, abruptly fired over 300 employees without prior notice, sparking widespread outrage. A video of distressed employees addressing the company staff has gone viral on social media. In the video, employees accuse company representatives of mistreating them and even laughing while delivering the layoff news, further
Larsen & Toubro chairman SN Subrahmanyan’s comments on a 90-hour working week have sparked outrage with a host of his peers in corporate India criticising the idea of working inordinately long hours. CEOs took to Twitter and television on Friday to express their reservations on the remarks by Subrahmanyan, who has exhorted L&T employees to
With 400 million people in attendance, and manifold eyeballs on it, the Maha Kumbh is gargantuan not only in human presence, but in business opportunity as well. The figure is Rs 2 lakh crore to be precise, put forth by Uttar Pradesh chief minister Yogi Adityanath on Wednesday. This makes the event a pitching ground
Funds raised from the capital markets, including via equity and debt instruments, are expected to rise nearly 21% year-on-year to Rs 14.27 lakh crore in FY25, Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch said on Friday. Total capital formation has reached Rs 10.7 lakh crore so far this fiscal, with Rs
Despite missing Street estimates on the revenue and net profit front in its October-December earnings, analysts have viewed the company’s performance with a cautious optimism. The company’s commentary on the revival of discretionary spending and its robust order book are key drivers behind this sentiment. However, analysts remain vigilant about the challenges of total contract
