NTPC, an Indian energy company, has contracted Japan-based Mitsubishi Heavy Industries and its subsidiary Mitsubishi Power India to demonstrate the feasibility of hydrogen co-firing blended with natural gas in MHI 701D gas turbines installed at NTPC Auraiya Gas Power Plant in Uttar Pradesh. The feasibility study of hydrogen co-firing in gas turbines forms part of […]
Aster Pharmacy, the retail arm of Aster DM Healthcare, has signed a long-term joint venture agreement with Al Hokair Holding Group to expand its footprint in the Saudi Arabian pharma market. Through the partnership, Aster Pharmacy is expected to open and run over 250 pharma stores in Saudi Arabia over a period of five years. […]
Wipro has signed an agreement with Outokumpu, a Finland-based stainless-steel manufacturer, to speed up latter’s organisation-wide cloud transformation initiative. Under the five-year deal, the Indian technology services and consulting firm will build a Microsoft Azure powered platform and provide next-generation applications for Outokumpu’s corporate and factory applications. The cloud transformation program is expected to convert […]
CACEIS has entered into a memorandum of understanding with Royal Bank of Canada (RBC) to acquire the European asset servicing activities of RBC Investor Services and its associated Malaysian centre of excellence. The acquisition, expected to be completed by the end of the third quarter of 2023, would include custody, global custody FX, fund administration, […]
Snowman Logistics has launched fifth-party logistics (5PL) services in the cold chain logistics and supply chain management sector in India following the rise in international trade and e-commerce activities. In addition to current third-party logistics (3PL) services of transportation and warehousing, the cold chain logistics company will now offer distribution and consolidation services, including sourcing […]
Birlasoft, a global enterprise digital and IT services company, has entered into an agreement with Coursera, an online learning platform, to further improve the established technical skills of its employees. This employee development initiative is expected to help over 12,500 employees of Birlasoft to further improve their established technical skills and broaden their knowledge base. […]
Maruti Suzuki India Limited has introduced Maruti Suzuki S-Presso S-CNG variant, a new S-CNG variant of the S-Presso, taking the company’s tally of S-CNG vehicles on offer to 10. Equipped with a next-gen K-series 1.0L Dual Jet and Dual VVT engine, the new S-Presso S-CNG comes with a 5-speed manual gearbox, and offers fuel-efficiency of […]
PDS Limited, an India-based design-led plug-and-play platform, has acquired a 51% stake in DBS Lifestyle to cater to its US and Europe customers directly. The company, through this traction, will further improve its footprint in the fashion and home categories in the Indian market. The internal acquisition will also help DBS Lifestyle to expedite its […]
T-Mobile US and German telecommunications company Deutsche Telekom have unveiled a new Internet of Things (IoT) solution dubbed T-IoT to deploy and manage global IoT connections with ease. Available across 188 destinations, on 383 networks globally, the T-IoT network will enable businesses to have one global team and one global solution for global IoT connectivity, […]
Nepal will be the first foreign country outside of India to deploy Unified Payments Interface (UPI) as the payments platform to push the digitalization of cash transactions in the country. National Payments Corporation of India’s NPCI International Payments Limited (NIPL), Gateway Payments Service (GPS), authorized Payment System Operators in Nepal, and Bengaluru-based Manam Infotech have […]