HFCL Limited in partnership with Telecom Infra Project (TIP) said that it will set up its second PM-WANI powered connectivity for Baidebattu village in Karnataka. According to the company, the PM-W ANI network will help deliver high speed wi-fi internet to more than 9,000 residents of the poorly connected village in Brahmavara Taluk, Udupi district. […]
B.L. Kashyap and Sons Limited said that it has bagged two new orders with a total value of around INR 369.17 crore in Karnataka. According to the New Delhi-based civil engineering and construction company, the orders came from domestic unrelated clients. One of the contracts for B.L. Kashyap and Sons is for carrying out concrete, […]
Info Edge (India) Ltd, a pure play internet company, said that its board of directors has sanctioned its INR 61 crore acquisition of Zwayam Digital Pvt. Ltd., a Bengaluru-based intelligent recruitment software provider. The Naukri.com owner said that the all-cash deal will help it strengthen its position further in the online recruitment solutions segment. Naukri.com, […]
Karnataka Bank has reported an annual net profit of INR 482.57 crores for FY 2020-21, an 11.76% growth compared to last year’s net profit of INR 431.78 crores. The public sector commercial banking company had a net profit of INR 31.36 crores for the fourth quarter ended March 2021, which is a 14.83% increase compared […]
Valiant Communications Limited has opened its new office, research and development centre at Defense and Aerospace Park (KIADB) in Devanahalli, Bengaluru. Headquartered in New Delhi, Valiant Communications Limited is a communications, transmission, synchronization, and cybersecurity equipment manufacturer. The company is focused on design, development, and manufacture of cutting-edge technologies and solutions which include the Unified […]
Shilpa Medicare, through its fully-owned subsidiary Shilpa Biologicals, has signed a three-year agreement with Dr. Reddy’s Laboratories for the production and supply of the Sputnik V vaccine for Covid-19. The company will undertake production at its biologics research and development cum manufacturing center at Dharwad in Karnataka. Shilpa Medicare said that the targeted production of […]
Inox Wind has signed a binding agreement with Integrum Energy Infrastructure to supply, erect, and commission 92MW of wind power projects in four states across India. According to the wind energy solutions provider, the projects will be made up of 2MW turbines with a combination of total turnkey and limited scope supply. The turbines will […]
Indian conglomerate Larsen & Toubro (L&T) said that its construction arm bagged multiple contracts for its building and factories (B&F) and power transmission and distribution businesses, worth in the range of INR10 billion to INR25 billion. The B&F unit’s residential business has secured an add-on order from an undisclosed developer for carrying out core and […]
The Asian Development Bank (ADB) has sanctioned a loan of $500 million towards the construction of two new metro rail corridors for the Bengaluru Metro Rail Project in India. The two new metro lines will be mostly elevated and will have a total length of 56km, covering Outer Ring Road and National Highway 44 between […]
Box8, an Indian cloud kitchen startup, has raised $15 million in a funding round led by Alibaba Group backed Electronic World Trade Platform (eWTP) Ecosystem Fund. Existing investors Mayfield and IIFL Seed Ventures fund also took part in this round, with the proceeds to help in expanding Box8’s operations across India. The Indian cloud kitchen […]