L&T Technology Services Limited, a leading global engineering and technology services firm and a subsidiary of Larsen & Toubro Limited, reported an 8% year-on-year growth in its revenue for the second quarter of FY25, amounting to ₹25,729 million. The company’s net profit reached ₹3,196 million, marking a 1.3% increase compared to the same period last […]
Intellect Design Arena Limited’s transaction banking division, Intellect Global Transaction Banking (iGTB), has introduced a pioneering platform known as eMACH.ai Cloud for Wholesale Banking. This platform aims to reshape the wholesale banking sector with an innovative suite of integrated services. The announcement, made on October 10, 2024, in Dubai, represents a critical advancement in financial […]
Wipro Limited, a global leader in technology services and consulting, has embarked on a strategic partnership with JFK International Air Terminal (JFKIAT), the operator of Terminal 4 at John F. Kennedy International Airport. This collaboration aims to drive digital transformation and enhance sustainability efforts at one of the busiest airport terminals in the United States. […]
Google is deepening its commitment to Latin America with a substantial investment of over $850 million USD in a new data center in Canelones, Uruguay. This facility is set to bolster the region’s digital infrastructure, enhance connectivity, and support the rising demand for digital services, particularly artificial intelligence (AI). The move marks a significant step […]
Caledonia Investments plc has bolstered its investment portfolio by acquiring a majority stake in Direct Tyre Management Limited (DTM) for £55 million. This strategic move aligns with Caledonia’s focus on investing in high-quality, well-established businesses with proven management teams. The acquisition was completed with the participation of DTM’s management, who reinvested alongside Caledonia to secure […]
Shyam Metalics and Energy Limited, a prominent player in the Indian metal manufacturing sector, has made a significant commitment to renewable energy by finalizing the first phase of its ambitious 100 MW solar power project. This initiative highlights the company’s dedication to sustainability, aiming to integrate rooftop and floating solar technologies across its facilities in […]
Thales, a global leader in technology and security solutions, has solidified its long-term relationship with L&T Technology Services Limited (BSE: 540115, NSE: LTTS) through a new contract that underscores their commitment to advancing software monetization and digital innovation. This expansion of their partnership is set to leverage Thales’s renowned software monetization platform, Thales Sentinel, enhancing […]
AIP Capital, an alternative investment manager with a focus on commercial aviation, has announced the completion of a $240 million debt financing deal for ITA Airways, Italy’s national airline. The transaction is secured by three state-of-the-art Airbus A330-900neo aircraft, powered by Rolls-Royce Trent 7000 engines, known for their fuel efficiency and reduced emissions. This financing […]
Noida is about to witness a significant enhancement in its social and luxury scene with the grand unveiling of “Noor by Khubani,” the latest venture from the acclaimed House of Khubani. This new venue, spanning an impressive 20,000 square feet within the Gardens Galleria, promises to redefine opulence in the city. With its elaborate mosaics […]
In a significant strategic move, TBAuctions, Europe’s prominent multi-brand online B2B marketplace for used industrial goods, has acquired Surplex, a leading player in the sector. The transaction, which concluded on 7th August 2024, marks a pivotal moment for TBAuctions as it accelerates its expansion into new European markets, including Spain, Poland, Portugal, Romania, Czech Republic, […]