Kalyani Powertrain, a wholly owned subsidiary of Indian automotive forging company Bharat Forge, is set to create a joint venture (JV) with Harbinger Motors, a US-based commercial electric vehicle (EV) company, to develop electric drivetrains for commercial trucks. Named as ElectroForge, the JV will utilize the strengths of the two companies in providing drivetrains for […]
Continental Coffee (CCL), an Indian coffee brand, has forayed into the frozen foods segment by launching plant-based meat products under the Continental Greenbird brand. With the launch, Continental Coffee plans to target the increasing consumer base that wants sustainable products while closing the gap between meat cravings and guilt-free habits. Under the Continental Greenbird brand, […]
Tata Power has joined forces with real estate developer Kolte-Patil Developers (KPDL) to install electric vehicle (EV) charging stations across the latter’s projects in Pune, Mumbai, and Bengaluru. EV owners staying at the properties of Kolte-Patil Developers in the three cities will be able to get round-the-clock access to charging, monitoring, and e-payments facility via […]
Shell will spend $1.55 billion to acquire Sprng Energy, a renewable energy platform in India owned by global investment firm Actis. In this regard, Shell has executed a definitive agreement through its fully-owned subsidiary — Shell Overseas Investment with Actis Solenergi to acquire Solenergi Power Private Limited, the Mauritius-based holding company for Sprng Energy. Based […]
Mahindra Lifespace Developers Ltd. Said that it has finalized the terms to acquire nearly 3.2 acres of land in Pimpri, Pune, from Mahindra & Mahindra for an undisclosed price. Subject to the fulfillment of agreed conditions by the buyer and seller, the acquisition is likely to close in nearly six months. The land parcel is […]
Thermax said that it has bagged an order worth INR 1,176 crores from an Indian public sector refinery to install a sulphur recovery block on a lump-sum turnkey (LSTK) basis. According to the Pune-based engineering company, the sulphur recovery block includes a couple of 240TPD sulphur recovery units (SRUs) along with a tail gas treatment […]
Mindtree, an Indian digital transformation company, has inaugurated its second facility in Pune at the International Convention Center Tech Park (ICC Tech Park). The 43,000sft facility can accommodate over 350 professionals. Mindtree started operations in Pune in 2009 with a more than 200,000 sft facility in Hinjawadi that can house more than 1,300 professionals. Currently, […]
Adroit Infotech Limited, a Pune-based SAP solutions company, said that it has agreed to acquire Verso Altima India Pvt Limited for an undisclosed price. In this connection, Adroit Infotech has inked a signed a binding share purchase agreement to acquire 100% stake in Verso Altima India, which is a SAP Billing and Revenue Innovation Management […]
Secmark Consultancy has closed the previously announced acquisition of a 20% stake in Trakiot Solutions Private Limited for INR 25 lakhs. The all-cash deal was announced earlier this week by the business management consulting services provider. Secmark Consultancy stated: “In furtherance to our intimation dated February 23,2022 with respect to acquisition of 2500 Equity shares […]
Secmark Consultancy has signed an agreement to acquire a stake of 20% in Trakiot Solutions Private Limited for a sum of INR 25 lakhs in an all-cash deal. The business management consulting services provider is acquiring 2,500 equity shares of Trakiot Solutions having a face value of INR 10 each at a premium of INR […]