Reliance Industries reports record annual revenue of $120bn

Reliance Industries reports record annual revenue of $120bn

Reliance Industries Limited (RIL), a leader in multiple sectors including telecommunications, retail, and energy, announced a significant year of growth and strategic acquisitions. For the fiscal year ended March 31, 2024, Reliance Industries reported a record annual consolidated revenue of ₹1,000,122 crore ($119.9 billion), marking a 2.6% increase year-over-year. The company’s EBITDA rose by 16.1% […]

Knorr-Bremse acquires rail signaling technology business of Alstom to boost market presence

Knorr-Bremse acquires rail signaling technology business of Alstom to boost market presence

Knorr-Bremse AG, the global leader in braking systems and other rail and commercial vehicle systems, today announced a significant acquisition of the conventional rail signalling technology business from Alstom Signaling North America. This move, valued at approximately EUR 630 million, marks Knorr-Bremse’s ambitious entry into the control, command, and signalling (CCS) sector of the rail […]