The company has bagged a 3-year contract from the French distribution network operator Electricite Reseau Distribution France (ERDF), which manages 95% of the electricity distribution network in France, to provide maintenance and repair services to 4,500 high power transformers.
Crompton Greaves: The company has bagged a 3-year contract from the French distribution network operator Electricite Reseau Distribution France (ERDF), which manages 95% of the electricity distribution network in France, to provide maintenance and repair services to 4,500 high power transformers. These transformers of ERDF, a subsidiary of EDF, are credited with supplying energy to 35 million households in France.
Sujana Towers Ltd: CCI has approved the proposed acquisition of Sujana's tower business by Agarwal Steel Structures on a slump sale basis, saying the deal is not likely to have an adverse impact on competition, as per media reports.
Maruti Suzuki: The company is planning to take approval from minority shareholders on allowing parent Suzuki Motor Corporation to own and invest in the upcoming Gujarat plant. The stock of the company is expected to attract the attention of global passive funds in the next few months following the company's decision to raise the FPI holding limit to 40%, from 24%.
Reliance Infrastructure: Anil Ambani-led Reliance Defence Ltd (RDL) has signed an MoU with Abu Dhabi Ship Building to set up a strategic partnership for construction of naval ships. Under this MoU, RDL and ADSB are investigating the opportunity to set up a strategic partnership for the construction of naval ships - including frigates, destroyers and other specialized vessels to address the Gulf Cooperation Council (GCC) over the next 10 years.
LIC Housing Finance Ltd: The company said it will raise up to Rs. 43,000 crore via non-convertible debentures on private placement basis.
SpiceJet Ltd: The company is in talks to buy around 100 small turboprop aircraft for an estimated $3 billion (about Rs. 19,800 crore) at list prices, as per media reports.
Bank of Maharashtra Ltd: The bank will issue over 10 crore shares to the government in exchange of capital infusion of Rs. 394 crore.
Wipro: Wipro has appointed another top executive from TCS, Dave Chopra, to head key global infrastructure business. Dave Chopra has joined the company as vice-president, global infrastructure services, and will be responsible for driving strategy, marketing and business development for GIS.
Mahindra & Mahindra: The company is planning to enhance its market share in the utility vehicles segment with the upcoming compact SUV, TUV300 which is expected to be priced around Rs0.7-0.9mn.
Indian Hume Pipe Company Ltd: The company has entered into an agreement with Mumbai-based builder Dosti Realty for development of nearly 3.5 acre land parcel in Mumbai's Wadala locality. The total land parcel includes 2.08 acre freehold land, while 1.39 acre is under Slum Rehabilitation Scheme.
Info Edge Ltd: Zomato has raised $60 million in funding led by Singapore based Temasek with participation from existing investor Vy Capital. Zomato has in total raised close to $225 million from Info Edge, Sequoia India, Vy Capital, and Temasek.
Shilpi Cable Technologies: Buoyed by government's target of electrifying the entire 65,000 km railway route, Shilpi Cable Technologies plans to enter the railways segment by manufacturing catenary wires to meet the demand, a senior company official said.
Indraprastha Gas: The company has unleashed an intensive marketing campaign to chase a government-set target of adding 300,000 households in the current fiscal, more than half of what it has achieved in 16 years of existence, but it is up against a messy urban planning and a sluggish property market.
Tata Power: The company plans to give a fillip to rooftop solar power generation and smart grids to manage peak demand in Delhi. Tata Power Delhi Distribution Ltd (TDPPL) expects to manage peak-hour demand up to 500 MW in the next five years through its new initiatives without the need for signing new contracts for power procurement.
Gulf Oil Lubricants India: Credit rating of Gulf Oil Lubricants India Limited has been upgraded by rating agency ICRA.
Larsen & Toubro: The company is planning to restructure its top management. Report says that this move comes as part of its succession plan and will do away with the position of 'managing director and chief executive officer' in its current form.
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