MBL Infrastructures, an engineering, procurement, and construction company, said that its shareholders have approved raising of funds up to INR 300 crores during an annual general meeting. The New Delhi-based firm is involved in executing roads and highways projects on an EPC and build, operate, and transfer (BOT) basis. Currently, MBL Infrastructures has a couple […]
Indian IT firm HCL Technologies said that it has bagged the 2020 Google Cloud “Specialization Partner of the Year” for Infrastructure award. The company said that the award honors partners with the Infrastructure Specialization who enabled their customers in succeeding last year by building robust customer infrastructure and workflows on Google Cloud. Kevin Ichhpurani – […]
Capital India Financial Limited (CIFL), an Indian finance conglomerate, has invested $25 million in education lending fintech platform Credenc to add another business to its portfolio. The investment, which will be made in mixed equity and debt, is said to align with Capital India’s objective to make digital financial products and services available to customers […]
HCL Q1 FY2022 results : HCL Technologies has reported a net income of INR 32.14 billion ($436 million) for the first quarter of the fiscal year 2022 (Q1 FY2022) that ended 30 June 2021, which is a 9.9% increase compared to INR 29.2 billion ($390 million) reported in Q1 FY2021. In the previous quarter, that […]
BLS International, an outsourcing service provider for government and diplomatic missions around the world, has joined forces with Flipkart to offer last mile delivery services across India. The company is said to work with more than 46 client governments, which include diplomatic missions, consulates, embassies. BLS International claims to utilize technology and processes for ensuring […]
Vikas Lifecare Limited said that it has acquired a stake of 22.04% in Advik Laboratories, a pharma manufacturing company based in New Delhi. The stake was acquired by the company through open/off-market deal(s) from public shareholders of Advik Laboratories, which has a pharmaceutical manufacturing facility in Sohna, Haryana that serves both domestic and export markets. […]
GHCL Limited, an Indian chemical and textile company, said that its secured creditors have approved the scheme of demerger of its inorganic chemicals and textile businesses. The New Delhi based company said that its shareholders and unsecured creditors had already given their nod to the scheme of demerger in a meeting held in April 2021. […]
NBCC (India) Limited (formerly National Buildings Construction Corporation), an Indian government-owned enterprise, said that it has bagged five orders with a combined worth of around INR 321.5 crores ($43 million). The biggest of the orders is worth INR 189.53 crores from Varindera Constructions Limited. It involves the redevelopment of GPRA colony in Sarojini Nagar, New […]
New Delhi-based RattanIndia Enterprises (formerly RattanIndia Infrastructure Limited) said that it has acquired 100% of RattanIndia Investment Manager Private Limited for INR 25,000 to make it a fully-owned subsidiary. The acquisition comes under the ambit of related party transactions. Incorporated in 2009, RattanIndia Investment Manager will carry out the business of investment management in India. […]
B.L. Kashyap and Sons Limited, a New Delhi-based civil engineering and construction company, has bagged a new order worth INR 135 crore from a domestic unrelated client. The contract is for the construction of civil, structure, and rough finishing work of the AIPL Joy Gallery Project at Sector-66, Gurgaon. According to B.L. Kashyap and Sons, […]