Mindtree said it has entered into a definite agreement to acquire US-based Discoverture Solutions LLC, a provider of insurance solutions for a consideration of around USD15mn.
Force Motors Ltd, said it expects to sell 23,000 vehicles during the current fiscal. It is actively looking at tapping the huge potential that the Indian defence sector offers.
Mindtree said it has entered into a definite agreement to acquire US-based Discoverture Solutions LLC, a provider of insurance solutions for a consideration of around USD15mn.
Suzlon Energy finalized the sale of its German offshore wind turbine making unit Senvion, earlier known as REpower, for close to around Rs72bn to a private equity fund.
Delhi High Court dismissed Adani Power Ltd's plea seeking to restrain Lanco Infratech Ltd from selling its shares in its 1,200 mega watt thermal power plant in Udupi district of Karnataka.
The Competition Commission has ordered a probe against state-owned REC for allegedly indulging in unfair business practices with respect to financing of rural electrification schemes.
SpiceJet’s loss in the month of December last year on the back of sharp fleet reductions has been IndiGo’s gain. The latter saw market share rise by almost three percentage points to 36.1% in December 2014 over the previous month, while SpiceJet’s share fell over four percentage points to 10.4% - the lowest point for the low-cost carrier this year.
Cement manufacturer Sanghi Industries said it will invest Rs2.5bn over the next couple of years for developing waste heat recovery system and facilities at Navlakhi Port in Gujarat.
A joint venture comprising Hyderabad-based Ramky Infrastructure Limited, an integrated infrastructure development and management company, and Barbrik Project Limited has bagged orders aggregating Rs2.09bn from the ministry of road transport and highways.
Bengaluru-based jewellery exporter, Rajesh Exports Ltd (REL) has bagged an export order worth Rs17.80bn for supply of designer range of gold and diamond studded jewellery and medallions from UAE-based Jamcelat Jewellery.
Reliance Industries (RIL) will commission all of its 1400 fuel retail outlets in a year's time and plans to replicate the success of 2006 in the fuel retail segment by mopping up a market share of 14.3 per cent in high speed diesel and 7.2 per cent in petrol.
Lighting firm Surya Roshni is aiming for Rs5bn revenue from the light-emitting diode (LED) segment in the next three years.
Air-conditioning and commercial refrigeration company Blue Star Ltd would finalise the land to set up a manufacturing unit in the Southern region, which would see investments of about Rs1.50bn.
Coal India is in the process of identifying key projects to increase output to one billion tonnes a year by 2020. The identified projects would be brought under a comprehensive development plan and will be kept under close monitoring of the Coal Ministry.
Kansai Nerolac Paints has entered into a joint venture pact with Sri Lanka's Capital Holdings Maharaja Pvt Ltd.
Customers of ICICI Bank can use their Twitter account for real-time fund transfers, prepaid mobile recharges and to check bank balance.
Aiming to expand in the Latin American market, Tata Communications has made an investment in Seaborn Networks, which is laying a submarine network cable between the US and Brazil.
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