RITES Limited has been awarded a contract for Railway Electrification works on competition basis amounting to Rs. 474.92 crore. An MOU will be executed between RITES and the concerned Railway in this regard in due course.
This Turnkey contract majorly covers sections of Mavli-B.Sadri for 82 RKM, Udaipur City - Himmatnagar for 210 RKM, Bhatinda - Firozpur for 81 RKM and Gulbarga - Bidar for 110 RKM of NWR, NR and SCR respectively.
SBI Card users can make payments via Google Pay through Tap & Pay, Bharat QR, & Online payments
SBI Card, India’s largest pure-play credit card issuer, today announced its collaboration with Google to enable cardholders to use their SBI Credit Cards on the Google Pay platform.
SBI Credit Card users will now be able to make card payments using Google Pay app on their Android smartphones.
Cardholders can make safe and secure payments using Google Pay in three modes- via Tap and Pay at NFC enabled PoS terminals, by scanning Bharat QR code at the merchant as well as online payments, without using the physical credit card.
This launch is in line with SBI Card’s endeavour to promote zero contact, digital forms of payments for a safe and enhanced customer experience.
Steel Strips Wheels confirms export orders of nearly 10,000 wheels for US Caravan Trailer Market to be executed in the month of October from its Chennai plant.
Total value of the order is around US$ 133K.
CHI Aviation is a leading U.S. headquartered helicopter services provider for heavy-lift helicopter services, specializing in support for the construction, HVAC, fire-suppression and defense industries. CHI Aviation also manufactures unmanned aerial vehicles (UAV) / drones for the U.S. Department of Defense.
With this win, Ramco Aviation Suite now maintains the largest numbers of civilian version of CH-47s Helicopters (Chinooks).
The Board of Directors of HGHL Holdings Limited (HGHL), a UK based subsidiary of GOCL Corporation has, at its Meeting held on 18 th September 2020, decided to divest 2,00,000 shares of Quaker Houghton, at a price of $175 per share.
The total value of the divestment will be USD 35 million (approx. Rs.257 crores @ USD 1 to Rs. 73.44) when completed. There will be no tax implication on HGHL under the transaction.
The Company’s investment in HGHL is GBP 1,00,000.
Strengthens leadership position as strategic innovation partner of choice in Australia and New Zealand market
HCL Technologies today announced its intent to acquire DWS Limited (ASX: DWS), a leading Australian IT, business and management consulting group. As the IT industry continues to evolve and the growing demand for digital strategies increases, DWS, with over 700 employees and offices in Melbourne, Sydney, Adelaide, Brisbane, and Canberra, delivers business and technology innovation to large clients across a spectrum of verticals.
The DWS Group, with FY20 revenue at A$ 167.9 million, provides a wide range of IT services including Digital Transformation, Application development & support, Program & Project Management and Consulting. The acquisition of DWS will strongly enhance HCL’s contribution to Digital initiatives in Australia and New Zealand while strengthening HCL’s client portfolio across key industries.
The shareholders in the 32nd Annual General Meeting held on 18/09/2020 approved to raise funds upto INR 5,000 Crore through issue of unsecured non-convertible debentures (NCDs)/ Bonds, through a special resolution.
The leading Transport Infrastructure Consultancy and Engineering firm, reported that its Board of Directors has approved buy-back of 96,98,113 equity shares of face value of Rs.10 each at Rs.265 per share, translating into the total buy back amount not exceeding INR 257 crore. The company was listed in July 2018 and at present 72.02 % shares are held by GoI and balance is with the public & FIs.
Hindustan Copper Ltd (HCL), a CPSE under the Ministry of Mines, Government of India, has signed a Memorandum of Understanding (MoU) with Hindalco Industries Ltd (Hindalco) on 17th September for long-term sale of copper concentrate produced by HCL to Hindalco.
Under this MoU, around 60% (copper content) of HCL's current copper concentrate production will be utilized by Hindalco in the manufacture of refined copper.
Avantel Limited has received an order for an amount of Rs. 15.97 Cr from M/s Bharat Electronics Limited, for supply of "RF Subsystems".
- Appoints Autotecnica Colombiana SAS as new distributor
- Will operate with 50 exclusive dealerships in the region
TVS Motor Company today announced their new distribution partnership with Autotecnica Colombiana SAS (Auteco SAS), a leading motorcycle assembler in Colombia. Autotecnica Colombiana SAS will operate 50 dealerships exclusive to TVS Motor Company and create dedicated space for the brand in over 600 retail outlets. They will support TVS Motor with dedicated sales, service, spares and customer relationship management (CRM). Autotecnica Colombiana SAS will also provide the brand with an assembly set-up in Cartagena along with a dedicated training centre.
Metallurgical and Material Handling Business of L&T Construction has secured an order from Northern Coalfields Limited, a subsidiary of Coal India Limited (CIL), for a coal processing and load out package to be installed at the Dudhichua Mines located in Uttar Pradesh. CIL envisions production to touch 1 Billion Tonne (Bt) by 2023-24 to meet the country's demand for coal.
The scope of work involves EPC for a double stream coal sizing & transportation system covering semi mobile sizing system, high capacity specialty conveyors, and an automated loading system
Project Classification: *Significant (INR 1,000 Cr to INR 2,500 Cr)
Dr. Reddy’s Laboratories today announced the launch of over-the-counter (OTC) Olopatadine Hydrochloride Ophthalmic Solution USP, 0.2% and 0.1%, the storebrand equivalents of Pataday® Once Daily Relief and Pataday® Twice Daily Relief, in the U.S. market, as approved by the U.S. Food and Drug Administration (USFDA).
Dr. Reddy’s Olopatadine Hydrochloride Ophthalmic Solution USP, 0.2% and 0.1% are indicated for the temporary relief of itchy eyes due to pollen, ragweed, grass, animal hair and dander. The Olopatadine Hydrochloride Ophthalmic Solution USP, 0.1% is also indicated for the temporary relief of red eyes.
The Pataday® brand had U.S. sales of approximately $31 million since the launch in March 2020 according to IRi*.
Dr. Reddy’s Olopatadine Hydrochloride Ophthalmic Solution USP, 0.2% is available in a 2.5 mL bottle and Olopatadine Hydrochloride Ophthalmic Solution USP, 0.1% is available in a 5 mL bottle size.
Pataday® is a registered trademark of Novartis AG.
Ecomet Trucks will be utilized for the fuel distribution business across all districts of India
Ashok Leyland received a large order from a logistics start-up company, Procure Box. The company has placed an order of 1400 intermediate commercial vehicles [ICVs] for its fuel distribution business across 750 districts, in the country. The order encompasses the most successful Ashok Leyland product - the Ecomet and will be executed in the next 5-6 months.
With the addition of 1400 new Ashok Leyland ICVs, the logistics start-up and its associates will become the top fuel bowsing and Gas cylinder logistics company in the industry.
PTC India Financial Services Limited (PFS) pleased to inform that Income Tax Department has processed its refund for Assessment Year 2019-20 (Financial Year 2018-19) of Rs. 115.57 Crores by releasing the money to the company .
PFS may utilize the amount of refund received in financing sustainable environmental friendly infrastructure projects related to green energy, water sewage treatment plan, electric vehicle charging station etc.
JMC Projects (India) Limited (JMC), a subsidiary of Kalpataru Power and a leading Civil Engineering and EPC Company has secured new orders of approx. Rs. 1,342 Crores.
The details are as follows:
- Infrastructure Project in East Asia of approx. Rs.725 Crores
- Water Supply Projects in Odisha totalling Rs.471 Crores
- Building Project in North India of Rs.146 Crores
Aiming to offer latest range of electrical & electronic products
Panache Innovations Limited has announced the signing of exclusive Trademark License Agreement with Hyundai Corporation Holdings Co. Ltd. for brand HYUNDAI for Batteries, Power Bank, Flashlight, Lighting, Switch, Cable, Plug Socket (Licensed Products) PAN India and launches various product under the said Brand. This is the game changer for the Company as it will open significant opportunities for the company in the Indian market.
Full read: Panache Innovations signs exclusive trademark license agreement with Hyundai.pdf (552.17 kb)