# Angelnews India

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## Posts

- [MEDI ASSIST HEALTHCARE SERVICES LIMITED IPO DETAILS,GMP, PRICE, COMPANY PROFILE](https://angelnews.in/medi-assist-healthcare-services-limited-ipo-detailsgmp-price-company-profile/): MEDI ASSIST HEALTHCARE SERVICES LIMITED COMPANY PROFILE: Medi Assist Healthcare Services Limited provide third party administration services to insurance companies through wholly owned Subsidiaries, Medi Assist TPA, Medvantage TPA (from February 13, 2023) and Raksha TPA (from August 25, 2023). A third party administrator is an organization that processes health insurance claims for insurance companies and provides services such as policy administration, customer service and network management, among others. As a third party administrator, company act as a facilitator between (a) insurance companies and their policy holders, (b) insurance companies and healthcare providers (such as hospitals), and (c) the Government and [&hellip;]
- [angelnews.in (Angelnews India) News Website Details](https://angelnews.in/angelnews-india-website-details/): India : Angelnews India is trusted destination for reliable and timely news coverage across India. Angelnews India is dedicated to delivering accurate, impartial, and insightful news that reflects the dynamic nature of our nation. Angelnews India Mission:  Angelnews India Mission is to equip readers with relevant information. Aim to be a credible platform where Readers can stay updated on the latest developments, gain diverse perspectives, and participate in conversations that influence our society. Comprehensive Coverage: From politics and business to culture, technology, and more, Angelnews India provide a wide range of topics to ensure Readers are well-informed about the issues affecting  [&hellip;]
- [VIBHOR STEEL TUBES IPO : Company Profile, GMP, Price, Details](https://angelnews.in/vibhor-steel-tubes-ipo-company-profile-gmp-price-details/): VIBHOR STEEL TUBES IPO : Company Profile, GMP, Price, Details VIBHOR STEEL TUBES LIMITED COMPANY PROFILE : Vibhor Steel Tubes Limited specializes in manufacturing and exporting a variety of steel pipes and tubes, including Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hollow Steel Pipes, and Cold Rolled Steel (CR) Strips/Coils. With a manufacturing history spanning two decades, the company has established itself as a prominent supplier to various heavy engineering industries in India. The steel pipes and tubes produced by Vibhor Steel Tubes Limited find applications across diverse sectors. They are used for purposes such as frames and shafts in [&hellip;]
- [Westside - A Tata Enterprise Operating Under Trent Ltd Has Inaugurated a New Retail Outlet in Mohali, Punjab](https://angelnews.in/westside-a-tata-enterprise-operating-under-trent-ltd-has-inaugurated-a-new-retail-outlet-in-mohali-punjab/): Punjab, India : &#8211; Westside,Operating Under Trent Ltd, a renowned member of the esteemed Tata family, has proudly opened its latest store in Mohali, aiming to ignite the passion of fashion enthusiasts. Situated at Westside, Jubliee Junction, Sector 66, Opposite ISB, Airport road, Mohali, Punjab-140803, this expansive store spans across 39 square feet. With a commitment to simplifying style for every occasion, it will showcase a wide array of Westside&#8217;s brands, offering apparel, accessories, cosmetics, footwear, and home goods all conveniently housed under one roof. &#8211; The newly opened store perfectly encapsulates the brand&#8217;s vision of offering an unparalleled retail journey, [&hellip;]
- [ISRO Mission GSLV-F14/INSAT-3DS Is Set To Launch On Saturday, February 17, 2024 Details](https://angelnews.in/isro-mission-gslv-f14-insat-3ds-is-set-to-launch-on-saturday-february-17-2024-details/): SDSC-SHAR, Sriharikota : The GSLV-F14/INSAT-3DS mission is scheduled to launch on Saturday, February 17, 2024, at 17:30 Hrs. IST from SDSC-SHAR, Sriharikota. This marks the 16th mission for GSLV, with the objective of placing the INSAT-3DS meteorological satellite into Geosynchronous Transfer Orbit (GTO). Following the launch, a series of orbit-raising maneuvers will be conducted to position the satellite into a Geo-stationary Orbit. GSLV-F14 : &#8211; The Geosynchronous Satellite Launch Vehicle (GSLV) is a formidable three-stage launch system measuring 51.7 meters in length and boasting a liftoff mass of 420 tonnes. Its first stage (GS1) is powered by a solid propellant (S139) [&hellip;]
- [Tata Power Q3 2024 Results : Total Income Decreases 4.6% QOQ , Business Highlights](https://angelnews.in/tata-power-q3-2024-results-total-income-decreases-4-6-qoq-business-highlights/): India : Tata Power has disclosed its financial results for the quarter and nine months ending December 31, 2023, accompanied by the Limited Review Report of the Company. These were reviewed and endorsed by the Board of Directors during their meeting held today. TATA POWER STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 31ST DECEMBER, 2023 : Tata Power Q3 2024 Results Highlights : • Revenue for Q3FY24 reached Rs. 14,841 crore, while for 9MFY24, it achieved an all-time high of Rs. 45,286 crore. • EBITDA for Q3FY24 surged to Rs. 3,250 crore, with 9MFY24 EBITDA hitting an all-time high [&hellip;]
- [SAREGAMA Q3 2024 Results : Net Profit at 52.3 Crores, Dividend Announced](https://angelnews.in/saregama-q3-2024-results-net-profit-at-52-3-crores-dividend-announced/): Mumbai , India : Saregama, a company under the RPSG Group, unveiled its financial performance for the Quarter and Nine Months Ended December 31, 2023. The company&#8217;s Operating Revenue amounted to Rs. 2,043 million, accompanied by a robust adjusted EBITDA of Rs. 822 million, representing a 40% Margin. Saregama achieved a Profit After Tax (PAT) of Rs. 523 million, showcasing a 9% growth compared to Q2FY24. The Board has announced an interim dividend of Rs. 4 per share, which equals 400% of the face value of Re. 1 each. Wednesday, February 21st, 2024 has been designated as the &#8216;Record Date&#8217; for [&hellip;]
- [PVR INOX Has Inaugurated a New Standalone IMAX With Laser Theatre Screen at INOX EROS in Churchgate, Mumbai](https://angelnews.in/pvr-inox-has-inaugurated-a-new-standalone-imax-with-laser-theatre-screen-at-inox-eros-in-churchgate-mumbai/): Mumbai, India : &#8211; PVR INOX, India&#8217;s largest and most prestigious cinema exhibitor, is poised to revolutionize Mumbai&#8217;s cinematic landscape with the launch of its first standalone IMAX with Laser theatre at INOX EROS, Churchgate. This transformation represents a significant upgrade for the iconic 86-year-old EROS cinema, positioning it as the premier destination in the city for an unparalleled, technologically advanced cinematic experience. The state-of-the-art cinema boasts a seating capacity of 305 and is equipped with IMAX with Laser technology, featuring next-generation laser projection and a multi-channel sound system exclusive to IMAX theatres, ensuring a truly immersive viewing experience. &#8211; With [&hellip;]
- [Dixon's subsidiary Dixon Electro Manufacturing Private Limited (DEMPL) Has Initiated The Production Of Refrigerators](https://angelnews.in/dixons-subsidiary-dixon-electro-manufacturing-private-limited-dempl-has-initiated-the-production-of-refrigerators/): Noida , India : Dixon&#8217;s wholly-owned subsidiary, Dixon Electro Manufacturing Private Limited, has officially started its commercial production for the manufacturing of refrigerators. This production takes place at its energy-efficient, state-of-the-art manufacturing facility spanning 82,290 square meters. The facility is located at Plot No. 14, Ecotech-VIII, Greater Noida-201310, Uttar Pradesh. It boasts a capacity of producing 1.2 million units annually. Mr. Atul B. Lall, Vice Chairman &amp; Managing Director of Dixon, expressed great delight on this occasion, stating, &#8220;We are thrilled to announce that Dixon Electro Manufacturing Private Limited, a wholly-owned subsidiary of Dixon Technologies, has initiated its commercial production of [&hellip;]
- [J. Kumar Infraprojects Wins Order Worth Rs 4548 Crores From Brihanmumbai Municipal Corporation](https://angelnews.in/j-kumar-infraprojects-wins-order-worth-rs-4548-crores-from-brihanmumbai-municipal-corporation/): Mumbai , India : J. Kumar Infraprojects subsidary J. Kumar-NCC (JV) has been granted a Letter of Acceptance (LOA) by the Brihanmumbai Municipal Corporation for the &#8220;Mumbai Coastal Road North Project- Package B (Bangur Nagar to Mindspace Malad Interchange (Chainage 4+540 to Chainage 6+200) and GMLR Connector (Elevated Road) (Chainage 0+000 to Chainage 4+460). The total contract value stands at Rs. 4548 Crores inclusive of GST. The company&#8217;s share in this project is 50%, amounting to Rs. 2274,06,21,252.00 (Rupees Two Thousand Two Hundred and Seventy Four Crore Six Lakhs Twenty One Thousand Two Hundred and Fifty Two Only), also including GST. [&hellip;]
- [Max Healthcare is Set to Broaden its Presence in Maharashtra With the Acquisition of The JCI-Accredited Alexis Hospital in Nagpur](https://angelnews.in/max-healthcare-is-set-to-broaden-its-presence-in-maharashtra-with-the-acquisition-of-the-jci-accredited-alexis-hospital-in-nagpur/): Nagpur , India :Max Healthcare is set to broaden its presence in Maharashtra with the announcement of its acquisition of the JCI-Accredited Alexis Hospital in Nagpur, boasting 200 beds. &#8211; Max Healthcare Institute Ltd. (MHIL), a leading private healthcare provider in India, has revealed its acquisition of a 100% stake in Alexis MultiSpeciality Hospital Private Limited (Alexis) for an Enterprise Value of INR 412 Crores. &#8211; The Alexis-owned and operated hospital, boasting 200 beds, is situated on approximately 2 acres of land in Mankapur, North of Nagpur, which is recognized as an upscale residential and commercial area. With a structure comprising [&hellip;]
- [Mrs. Bectors Food Declared Interim Dividend of Rs 1.25/- Per Equity Share : Details](https://angelnews.in/mrs-bectors-food-declared-interim-dividend-of-rs-1-25-per-equity-share-details/): India : Mrs. Bectors Food Specialties Limited has announced an interim dividend of Rs 1.25 per Equity Share, with a face value of Rs. 10 each, for the Financial Year 2023-2024, equivalent to 12.5% of the face value. February 21, 2024, has been approved as the &#8220;Record Date&#8221; for the payment of the Interim Dividend for the FY 2023-24.
- [Power Finance Corporation Declares interim dividend of Rs 3.50 per equity share : Details](https://angelnews.in/power-finance-corporation-declares-interim-dividend-of-rs-3-50-per-equity-share-details/): India : Power Finance Corporation has announced a second interim dividend of 35%, amounting to Rs 3.50 per equity share (subject to TDS deduction), for the fiscal year 2023-24, based on the face value of Rs 10 per share. The record date for determining the eligibility of shareholders to receive the second interim dividend for the fiscal year 2023-24 shall be on February 20, 2024 (Tuesday). The interim dividend mentioned above will be paid or dispatched on or before March 9, 2024.
- [Zomato Q3 2024 Results : Net Profit Increases 283% QOQ to 138 Crore Rupees](https://angelnews.in/zomato-q3-2024-results-net-profit-increases-283-qoq-to-138-crore-rupees/): India : the board of directors of Zomato Limited  at its meeting held today i.e., February 8, 2024, has considered and approved unaudited financial results (standalone and consolidated) for the quarter and nine months ended December 31, 2023. Zomato Limited consolidated Results for the quarter ended December 31, 2023 : Zomato Q3 2024 Results Highlights : Net Profit Increases 283% QOQ to 138 Crore Rupees Revenue increases 65.3% YOY Expenses Increases 11.3% QOQ
- [Mutual Funds January 2024 Data :  Net Inflow For Small Cap Fund Is 3,257 Crore Rupees](https://angelnews.in/mutual-funds-january-2024-data-net-inflow-for-small-cap-fund-is-3257-crore-rupees/): India : Mutual Funds January 2024 Data : Net Inflow (+ve)/Outflow (-ve) for the month of January 2024(INR in crore) : Income/Debt Oriented Schemes : 76,468.96 Growth/Equity Oriented Schemes : 21,780.56 Hybrid Schemes : 20,636.99 Solution Oriented Schemes : 247.75 Total Net Inflow for the month of January 2024 (INR in crore) : 1,23,205.16 Total Mutual funds Net Assets Under Management as on January 31, 2024 (INR in crore) : 52,74,000.70
- [Zydus Wellness Ltd Reports Third-Quarter Net Sales Amounting to Rs 400 Crores](https://angelnews.in/zydus-wellness-ltd-reports-third-quarter-net-sales-amounting-to-rs-400-crores/): Ahmedabad , India : Zydus Wellness Ltd Q3 Highlights : For the quarter concluding on December 31, 2023, Zydus Wellness Ltd. disclosed consolidated net sales of Rs. 400 crores. The company recorded a Profit after Tax of Rs. 0.3 crores, inclusive of Rs. 3.4 crores in deferred Tax liability, which is a non-cash item. Numerous flagship brands such as Glucon-D, Everyuth, Nycil, and Nutralite maintained strong performance throughout the quarter. The Sugar Free brand upheld its dominance in the sugar substitute segment, commanding a remarkable market share of 96%. Glucon-D retained its top position in the Glucose powder category with a [&hellip;]
- [TCS is Set to Upgrade Enento Group's IT Infrastructure and Digital Workplace](https://angelnews.in/tcs-is-set-to-upgrade-enento-groups-it-infrastructure-and-digital-workplace/): Stockholm , Sweden : Tata Consultancy Services (TCS) has unveiled a strategic alliance with Enento Group, a leading provider of digital business and consumer information services in the Nordic region. This multi-year partnership will see TCS undertake a comprehensive transformation of Enento&#8217;s IT applications, cloud infrastructure, digital workplace, and IT security to ensure robust and resilient business operations. TCS will assist Enento in achieving its &#8220;One Enento&#8221; vision by streamlining its operational framework and unifying its technology infrastructure. Leveraging TCS&#8217; cloud and DevOps solutions will expedite Enento&#8217;s adaptability and enhance its digital customer experience significantly. Additionally, TCS will collaborate with Enento [&hellip;]
- [Inox Wind Signs Binding Framework Agreement for India’s Single Largest Wind Order for 1,500 MW From CESC Limited](https://angelnews.in/inox-wind-signs-binding-framework-agreement-for-indias-single-largest-wind-order-for-1500-mw-from-cesc-limited/): Noida , India : Inox Wind Limited (IWL), a leading provider of wind energy solutions in India, announced that it has entered into a binding framework agreement with CESC Limited, one of India&#8217;s largest power utilities, for the installation/supply of 1,500 MW of wind capacity over the next 3-4 years. • The agreement encompasses 1,000 MW to be executed on a turnkey basis, and 500 MW of equipment supplies, along with limited-scope EPC. • Following commissioning, Inox Green Energy Services will provide multi-year O&amp;M services as outlined in the agreement. • This marks the largest single wind project order signed by [&hellip;]
- [SJVN Receives a Letter of Intent from GUVNL for a 200 MW Solar Project](https://angelnews.in/sjvn-receives-a-letter-of-intent-from-guvnl-for-a-200-mw-solar-project/): India : SJVN Limited has been granted the Letter of Intent (LOI) by Gujarat Urja Vikas Nigam Limited (GUVNL) for the development of a 200 MW Solar Power Project in GUVNL Phase XXII. &#8211; SJVN Green Energy Limited (“SGEL”), a wholly-owned subsidiary of the Company, previously secured the initial 100 MW Solar Project through bidding and an additional 100 MW under the Greenshoe option, at a tariff rate of ₹2.63 per unit, on a Build Own and Operate basis in the e-RA conducted by GUVNL in December 2023. &#8211; The projected construction and development cost of this project amount to ₹1,100 [&hellip;]
- [INOXCVA Has Entered Into MOU With IUAC to Collaborate on the Advancement of Superconducting Magnet-Based Systems](https://angelnews.in/inoxcva-has-entered-into-mou-with-iuac-to-collaborate-on-the-advancement-of-superconducting-magnet-based-systems/): Vadodara , India : &#8211; INOX India Limited (INOXCVA), a leading provider of cryogenic solutions in India, and the Inter-University Accelerator Centre (IUAC), an autonomous institute under the University Grants Commission (UGC), Ministry of Education (MoE), Government of India, have signed a Memorandum of Understanding (MoU) today. This agreement signifies their collaboration in the development of technology for designing and manufacturing Superconducting Magnet-based Systems. &#8211; These systems will be utilized across various sectors including clinical, industrial, defense, and research applications. The MoU was formally executed by Deepak Acharya, Chief Executive Officer of INOXCVA, and Prof. A.C. Pandey, Director of IUAC. &#8211; [&hellip;]
- [VakifBank International AG has Selected the eMACH.ai-Powered Digital Core and Lending Platform for Deployment Across Multiple Countries](https://angelnews.in/vakifbank-international-ag-has-selected-the-emach-ai-powered-digital-core-and-lending-platform-for-deployment-across-multiple-countries/): Austria: Intellect Global Consumer Banking (iGCB), the consumer banking division of Intellect Design Arena Limited, has revealed that VakifBank International AG, a division of Türkiye Vakiflar Bankasi T.A.O, has opted for iGCB&#8217;s platforms Intellect Digital Core (IDC) and Digital Lending to revolutionize its banking operations. This marks iGCB&#8217;s second significant core banking transformation agreement in Europe, following closely on the heels of its partnership with a prominent European bank announced on December 8th.VakifBank International AG, headquartered in Austria and operating in Hungary, will utilize the eMACH.ai-powered Digital Core and Lending platform to realize its ambition of becoming a foremost digital bank [&hellip;]
- [Nazara Technologies Q3 2024 Results : Quarterly Revenue Reached an All-time High of INR 320.4 Crores](https://angelnews.in/nazara-technologies-q3-2024-results-quarterly-revenue-reached-an-all-time-high-of-inr-320-4-crores/): India : the Board of Directors of Nazara Technologies Limited at its meeting held today i.e. Tuesday, February 06, 2024 considered and approved The Unaudited Financial Results (Consolidated and Standalone) of the Company for the quarter and nine months ended December 31, 2023 STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED DECEMBER 31 , 2023 Nazara Technologies Q3 &amp; 9Months Ended Dec 2023 Financial Highlights : Attained the highest-ever quarterly revenue and EBITDA, amounting to INR 320.4 crores and INR 37.7 crores, respectively. Revenue demonstrated a 2% growth, reaching INR 320.4 Cr compared to INR 314.8 Cr in Q3FY23. EBITDA [&hellip;]
- [Inox Wind Secures a Groundbreaking Agreement for the Introduction of 4.X MW Wind Turbines in India](https://angelnews.in/inox-wind-secures-a-groundbreaking-agreement-for-the-introduction-of-4-x-mw-wind-turbines-in-india/): Noida , India : Inox Wind Limited (IWL), a prominent provider of wind energy solutions in India, has entered into an exclusive agreement with Wind to Energy (W2E), a global leader in wind turbine technology and design. This agreement aims to introduce the 4.X MW wind turbine generator (WTG), specifically designed for low wind regimes in India. Inox Wind has consistently strived to reduce the cost of wind energy for its clients, and the introduction of the 4.X MW turbine is part of its ongoing efforts in this direction.  The 4.X MW WTG from W2E is a well-established platform with a [&hellip;]
- [CAMS Q3 2024 Results : EBIDTA Grew By 19.7% YoY](https://angelnews.in/cams-q3-2024-results-ebidta-grew-by-19-7-yoy/): India : CAMS, the largest registrar and transfer agent of mutual funds in India (regulated by SEBI), has released its financial outcomes for the quarter and nine months concluding on December 31, 2023. CAMS Q3 2024 Results Highlights :  CAMS witnessed an 18.9% year-on-year (YoY) growth in revenue. Mutual fund (MF) revenue saw a 14.6% YoY increase. Non-MF revenue surged by 59% YoY (41% growth on a constant base, excluding the contribution of Think360.ai). Four out of the six non-MF businesses experienced over 20% YoY growth. EBIDTA (Earnings Before Interest, Depreciation, Taxes, and Amortization) rose by 19.7% YoY.  The EBIDTA percentage [&hellip;]
- [Infibeam Avenues Payment Brand CCAvenue Bolsters its Payment Offerings by Introducing EMI Solutions To IDFC First Bank](https://angelnews.in/infibeam-avenues-payment-brand-ccavenue-bolsters-its-payment-offerings-by-introducing-emi-solutions-to-idfc-first-bank/): India : &#8211; Infibeam Avenues Ltd, a publicly traded fintech company, reveals a significant partnership between its leading payment brand, CCAvenue, and IDFC First Bank. This strategic collaboration is geared towards delivering comprehensive credit card EMI solutions, enriching the payment journey for countless customers of the bank across the country. &#8211; Teaming up with IDFC First Bank signifies a significant milestone for CCAvenue, underscoring its dedication to providing seamless and groundbreaking payment solutions. Through this partnership, CCAvenue will extend effortless payment services, augmenting the current Buy Now, Pay Later (BNPL) options already available to merchants. -This initiative aligns perfectly with CCAvenue&#8217;s [&hellip;]
- [Ashok Leyland Q3 Results : Net profit increased by 1.6 times to Rs. 580 crore](https://angelnews.in/ashok-leyland-q3-results-net-profit-increased-by-1-6-times-to-rs-580-crore/): Chennai , India : Ashok Leyland, the Indian flagship of the Hinduja Group, achieved a record-breaking performance in Q3, aligning with its emphasis on sustainable growth. Here are some of the notable highlights: • Recorded EBITDA of Rs. 1114 Cr (12.0%) in Q3 FY24 compared to Rs. 797 Cr (8.8%) in Q3 FY23, marking consistent double-digit percentage EBITDA across all quarters of the fiscal year. • Achieved a net profit of Rs. 580 crores, marking a significant 60% increase over Q3 FY23. • Generated revenues of Rs. 9273 crores, a growth of 2.7% compared to Rs. 9030 crores in Q3 FY23. [&hellip;]
- [BSE LIMITED Q3 2024 Results : Net Profit Increases 123% YOY To 106.2 Crore Rupees](https://angelnews.in/bse-limited-q3-2024-results-net-profit-increases-123-yoy-to-106-2-crore-rupees/): India : The board of directors of The BSE Limited Held its meeting on Monday , Feb 5 ,2024 considered and approved unaudited financial results for the quarter and nine months ended December 31 ,2023. Statement of BSE LIMITED Q3 2024 Consolidated Results : BSE LIMITED Q3 2024 Results Highlights : Net Profit Increases 123% YOY, Decreases 10.2 % QOQ Revenue Increases 76.1 % YOY , Increases 17.5% QOQ Contribution to core settlement guarantee fund for the quarter ended December 31 ,2023 is 91.7 Crore Rupees ( Administration and Other expenses &#8211; Clearing Corporations have to maintain core settlement guarantee fund [&hellip;]
- [Europ Assistance a Global Assistance and Travel Insurance Company has Chosen Tata Consultancy Services as its Strategic Partner](https://angelnews.in/europ-assistance-a-global-assistance-and-travel-insurance-company-has-chosen-tata-consultancy-services-as-its-strategic-partner/): Paris : Europ Assistance, a top-tier global assistance and travel insurance company, has appointed Tata Consultancy Services (TCS) as its strategic partner. TCS will collaborate with Europ Assistance to revamp its global IT operating model, aiming to bolster resilience, scalability, and user experience. With a reach spanning nearly 300 million customers across more than 200 countries and territories, Europ Assistance offers a wide range of services including travel, mobility, home and family, health, and concierge services. In pursuit of aligning its IT ecosystem with its mission of delivering services &#8216;Anytime, Anywhere&#8217; and to support its expansion, Europ Assistance sought a global [&hellip;]
- [SMC Global Securities Approved Interim Dividend of Rs. 1.2 Per Equity Share](https://angelnews.in/smc-global-securities-approved-interim-dividend-of-rs-1-2-per-equity-share/): India : SMC Global Securities has declared an interim dividend of Rs. 1.2 per equity share with a face value of Rs. 2 each (fully paid up), representing 60% of the company&#8217;s paid-up equity share capital for the financial year 2023-24. Record Date : 13th February, 2024
- [Airtel Increases its Number of Retail Stores in Kolkata Twofold](https://angelnews.in/airtel-increases-its-number-of-retail-stores-in-kolkata-twofold/): India : Bharti Airtel, one of India&#8217;s prominent telecommunications providers, has announced today the launch of thirty-four new, state-of-the-art company-owned stores in Kolkata. These new stores, located in various areas such as Chandannagar, Barasat, Barrackpore, Salt Lake City, Rajarhat, Kasba, Dunlop, Jadavpur, Baguihati, Kalyani, Tollyganj, Ballyganj, Howrah, Park Street, Dumdum, Bata Nagar, Girish Park, Behala, B T Road, Dankuni, and many others, will reinforce Airtel&#8217;s retail presence and offer customers an exceptional service experience. Additionally, the stores will showcase Airtel&#8217;s cutting-edge technologies across its product portfolio. Crafted with a focus on fostering excellence and cultivating lifelong customer relationships, these community-oriented stores [&hellip;]
- [Greaves Retail's AutoEVMart has Expanded its Selection of Electric Three-Wheeler Brands](https://angelnews.in/greaves-retails-autoevmart-has-expanded-its-selection-of-electric-three-wheeler-brands/): Bangalore ,India : AutoEVmart, a multi-brand EV retail store operated by Greaves Retail, the retail and distribution arm of Greaves Cotton Ltd., has revealed its collaboration with Zero21, an energy solutions company located in Hyderabad. This partnership is geared towards boosting the sales and distribution of Zero21&#8217;s electric autorickshaws and related EV spare parts. These products are now accessible through Greaves Retail&#8217;s multi-brand AutoEVmart stores and spares distribution network. Zero21&#8217;s electric autorickshaws, renowned for their efficiency, durability, and eco-friendly features, will now be more accessible through a widespread network of over 100 strategically located AutoEVmart outlets in Tier 1, 2, and [&hellip;]
- [Birlasoft has Introduced its Generative AI Platform called Cogito](https://angelnews.in/birlasoft-has-introduced-its-generative-ai-platform-called-cogito/): India : Birlasoft Ltd has unveiled a comprehensive Generative AI platform named Cogito. Birlasoft is a subsidiary of the CK Birla Group, a conglomerate with a presence in over 49 manufacturing facilities worldwide and a workforce of more than 35,000 employees, with a total revenue of $2.9 billion. Birlasoft&#8217;s Cogito has been meticulously designed to empower enterprises to transform their businesses with the help of Generative AI capabilities. This introduction highlights the company&#8217;s dedication to providing state-of-the-art enterprise solutions, aiming to automate processes, create innovative content, improve decision-making, and enhance overall business performance. The capabilities of Birlasoft Cogito include: Enterprise Transformation: [&hellip;]
- [Ahluwalia Contracts Wins Order Worth  Rs. 394.36 Crores](https://angelnews.in/ahluwalia-contracts-wins-order-worth-rs-394-36-crores/): India : Ahluwalia Contracts (India) Ltd has secured an order from Emaar India Ltd for the construction of Residential Tower &amp; Club House Works for Phase I &amp; II (T1, T2, T3, T4, NTA, Club &amp; EWS) at Urban Oasis, Sector-62, Gurgaon, Haryana.  size of the order : Rs. 394.36 Crores Plus GST time period for the execution of the order : 30 Months
- [L&T Energy Hydrocarbon Wins Large Onshore Project From IndianOil Adani Ventures Limited](https://angelnews.in/lt-energy-hydrocarbon-wins-large-onshore-project-from-indianoil-adani-ventures-limited/): Mumbai ,India : Larsen &amp; Toubro&#8217;s Hydrocarbon division (L&amp;T Energy Hydrocarbon – LTEH) has recently secured a significant onshore project from IndianOil Adani Ventures Limited. Total value of order is 2,500 to 5,000 Crore rupees The scope of work encompasses engineering, procurement, construction, and commissioning of Offsite Tankages, Bullets, and other associated facilities on a Lump Sum Turnkey basis. LTEH has previously completed four prestigious projects as part of IOCL&#8217;s P-25 expansion program. These projects include the Residue Hydro Cracker Unit (RHCU), Diesel Hydrotreater (DHDT), and Reactor Regenerator Package (RR). Structured under Offshore, Onshore EPC, Modular Fabrication, Advanced Value Engineering &amp; [&hellip;]
- [Waaree Renewable Technologies Wins Order Worth Rs 547.5 Crores](https://angelnews.in/waaree-renewable-technologies-wins-order-worth-rs-547-5-crores/): India : Waaree Renewable Technologies has been awarded a Letter of Award (LOA) to undertake the Engineering, Procurement, and Construction (EPC) work for a Solar power plant totaling 412 MWp / 335 MWac on a turnkey basis from One of the Global leading biggest utility in the world in renewable energy The project is scheduled to be completed by December 31, 2024, in accordance with the terms of the order. With the captioned Letter of Award (LOA) accounted for, the unexecuted order book currently amounts to 1.161 gigawatts (GW).
- [VA TECH WABAG Wins Order Worth Rs 278 Crores From SEPCO III at Ras Tanura Refinery Complex, Kingdom of Saudi Arabia](https://angelnews.in/va-tech-wabag-wins-order-worth-278-crores-from-sepco-iii-at-ras-tanura-refinery-complex-kingdom-of-saudi-arabia/): Saudi Arabia : VA TECH WABAG (referred to as &#8216;WABAG&#8217;), a prominent Indian multinational group specializing in water technology, has successfully secured an order valued at USD 33.5 million from SEPCO III Electric Power Construction Corporation (known as &#8216;SEPCO III&#8217;). This order pertains to the Engineering and Procurement (EP) services for a 20 MLD Industrial Wastewater Treatment Plant (IWWTP) located at the Ras Tanura Refinery Complex in the Kingdom of Saudi Arabia. In this Industrial Wastewater Treatment Plant (IWWTP) project, Wabag is serving as the Process and Technology Contractor. The construction is being undertaken by SEPCO III, and the project is [&hellip;]
- [PM Narendra Modi Inaugurates NLC India Talabira Thermal Power Project located in Sambalpur, Odisha](https://angelnews.in/pm-narendra-modi-inaugurates-nlc-india-talabira-thermal-power-project-located-in-sambalpur-odisha/): Odisha ,India :  In a momentous occasion symbolizing a significant step towards India&#8217;s energy security and socio-economic progress, the Honorable Prime Minister Narendra Modi laid the foundation stone for Phase-1 of the NLC India Talabira Thermal Power Project, which will generate 2,400 MW of power, in Sambalpur, Odisha. This ceremony, held on February 3, 2024, was graced by the esteemed presence of various dignitaries, including Shri Raghubar Das, the Governor of Odisha, Shri Naveen Patnaik, the Chief Minister of Odisha, as well as several Union Ministers such as Shri Dharmendra Pradhan, Shri Ashwini Vaishnaw, Shri Bishweswar Tudu, among others. During his [&hellip;]
- [JSW Neo Energy Limited Has Received The Letter of Award for Setting up 6.5 KTPA Green Hydrogen Production Facility](https://angelnews.in/jsw-neo-energy-limited-has-received-the-letter-of-award-for-setting-up-6-5-ktpa-green-hydrogen-production-facility/): Mumbai , India : JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy Limited, has successfully obtained a capacity allocation of 6.5 KTPA for establishing a green hydrogen production facility. This achievement came through the inaugural auction held by the Solar Energy Corporation of India (SECI) under the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme. The company has been granted a Letter of Award (LoA) by SECI, with the capacity expected to be operational within 36 months from the LoA date. This will involve incentives totaling ₹67.6 Crores over a three-year period following commissioning. The company has established an [&hellip;]
- [CDSL Q3 2024 Results : Net Profit Increases 43.7 % YOY To 107.4 Crore Rupees](https://angelnews.in/cdsl-q3-2024-results-net-profit-increases-43-7-yoy-to-107-4-crore-rupees/): India : During its meeting on February 3, 2024, the Board of Directors of CDSL reviewed and authorized, among other matters, the Audited Consolidated and Standalone Financial Results of the Company for the quarter (Q3) concluding on December 31, 2023. Statement of consolidated financial results for the quarter ended December 31, 2023 CDSL Q3 Highlights : Net Profit Increases 43.7 % YOY To 107.4 Crore Rupees Revenue Increase 46.6 % YOY to 235.95 Crore Rupees In the third quarter of fiscal year 2023-24, the total number of demat accounts reached approximately 10.47 crore, marking an increase of around 85 lakh demat accounts [&hellip;]
- [Apeejay Surrendra Park Hotels IPO : Company Profile , IPO Details, GMP](https://angelnews.in/apeejay-surrendra-park-hotels-ipo-company-profile-ipo-details-gmp/): India : Apeejay Surrendra Park Hotels IPO Apeejay Surrendra Park Hotels Limited Company Profile : Among hotel chains with asset ownership, Apeejay Surrendra Park Hotels Limited Company holds the eighth position in India based on chain-affiliated hotel rooms inventory as of September 30, 2023. Of the total 45,800 rooms owned by chain-affiliated hotels nationwide as of September 30, 2023, Apeejay Surrendra Park Hotels Limited Company accounts for approximately 1,300 rooms, constituting 2.80% of the total inventory. Apeejay Surrendra Park Hotels Limited operates hospitality assets under its own brands, including &#8220;THE PARK,&#8221; &#8220;THE PARK Collection,&#8221; &#8220;Zone by The Park,&#8221; &#8220;Zone Connect by [&hellip;]
- [Bharat Mobility Global Show 2024 : Eicher Motors Enters The Small Commercial Vehicles Segment](https://angelnews.in/bharat-mobility-global-show-2024-eicher-motors-enters-the-small-commercial-vehicles-segment/): Delhi , India : Eicher Trucks and Buses, a division of VE Commercial Vehicles, has revealed its debut in the Small Commercial Vehicle (SCV) segment by unveiling its EVFirst Eicher Truck at the Bharat Mobility Global Expo 2024. Continuing Eicher&#8217;s legacy of providing innovative, sustainable, and economically feasible transportation solutions, this Pro Business Pro Planet range covers a Gross Vehicle Weight (GVW) range from 2T to 3.5T. The product has been intricately crafted to modernize urban and peri-urban distribution and reshape last-mile logistics. Eicher&#8217;s SCV vehicle is set for customer trials in April 2024, aiming for commercial release in the first [&hellip;]
- [IREDA Details Ambitious Strategies for Expanding its Business and Minimizing Costs Through Various Initiatives](https://angelnews.in/ireda-details-ambitious-strategies-for-expanding-its-business-and-minimizing-costs-through-various-initiatives/): India : the Indian Renewable Energy Development Agency Limited (IREDA), in collaboration with its strategic partner, Boston Consulting Group (BCG), held a Strategic Meeting in Gurugram. The meeting centered on critical facets of business expansion and endeavors geared towards reducing costs in fund utilization. Chairman and Managing Director (CMD) of IREDA, Shri Pradip Kumar Das, inaugurated the Strategic Meet, expressing his confidence in the organization&#8217;s robust trajectory. He underscored that the discussions held affirm their dedication to achieving targets while ensuring financial stability. Shri Das emphasized, &#8220;Today&#8217;s deliberations underscore our unwavering commitment not only to meet but to exceed our ambitious [&hellip;]
- [MedPlus Health Services Q3 2024 Results : Net Profit Increases 2.4% YOY To 13.7 Crore Rupees](https://angelnews.in/medplus-health-services-q3-2024-results-net-profit-increases-2-4-yoy-to-13-38-crore-rupees/): India : The Board of Directors of MedPlus Health Services Limited, in its meeting on February 2, 2024, has just approved the unaudited standalone and consolidated financial results of the Company for the quarter ending December 31, 2023. Unaudited Consolidated Financial Results for the Quarter and Nine month period ended December 31, 2023 MedPlus Health Services Limited Financial Results Highlights : Revenue : There was a ₹ 2,512 million increase compared to Q3FY23, representing a 21.1% year-over-year (YoY) growth. Additionally, there was a ₹ 329 million increase compared to Q2FY24, reflecting a 2.3% quarter-over-quarter (QoQ) increase. Furthermore, there was a 0.7% [&hellip;]
- [Bharat Mobility Global Expo 2024 : TVS Motor Company Exhibited a Range of Mobility Solutions](https://angelnews.in/bharat-mobility-global-expo-2024-tvs-motor-company-exhibited-a-range-of-mobility-solutions/): India : TVS Motor Company (TVSM), a prominent global automaker specializing in the two and three-wheeler segments, presented a range of mobility solutions tailored for global markets to the Hon’ble Prime Minister of India at the Bharat Mobility Global Expo 2024. With exports amounting to nearly $1 billion, constituting 30% of its annual volume, and a presence in 80 countries, TVSM showcases India’s engineering and technological capabilities, embodying the spirit of Atmanirbhar Bharat. The company’s commitment to clean, connected, and technologically advanced mobility solutions aligns with the goal of Atmanirbhar Bharat, aiming to increase its export share to 50% in the [&hellip;]
- [Tata Power Solar Supports The Adoption of Solar Energy in India by Providing ₹3,500 crore in Customer Financing](https://angelnews.in/tata-power-solar-supports-the-adoption-of-solar-energy-in-india-by-providing-%e2%82%b93500-crore-in-customer-financing/): India : Tata Power Solar Systems Limited (TPSSL) a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL) Collaborates with over 20 top financial institutions, offering financing for up to 85% of the addressable order book. Assisted over 2,200 commercial and industrial (C&amp;I) customers with personalized financing solutions to date. Tata Power Solar Systems Limited (TPSSL), a prominent integrated solar company in India and a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), has facilitated over ₹3,500 crore in customer financing for solar projects over the past 4.5 years. This achievement has positioned the company as the most favored and [&hellip;]
- [Ion Exchange Wins Order Worth INR 152.46 Crores](https://angelnews.in/ion-exchange-wins-order-worth-inr-152-46-crores/): India : Ion Exchange  has secured a contract from Material Construction Trading FZCO, UAE, for the engineering, manufacturing, delivery to site, supervision of erection, commissioning, and start-up of a Desalinated water unit for a project in North Africa. The contract is valued at INR 152.46 crores plus VAT. The project is scheduled to be completed within 8 months from the date of the Letter of Acceptance.
- [Adani Ports Q3 2024 Results : Net Profit Increases 65.2% YOY to 2208.2 Crore Rupees](https://angelnews.in/adani-ports-q3-2024-results-net-profit-increases-65-2-yoy-to-2208-2-crore-rupees/): India : The Board of Directors of Adani Ports and Special Economic Zone Ltd, in a meeting held on February 1, 2024, starting at 11:00 a.m. and concluding at 12:30 p.m., has officially approved and acknowledged the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and nine months ended December 31, 2023. ADANI PORTS CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2023 Adani Ports Q3 2024 Results Highlights : Total Income Increases 47% YOY to 7426.95 Crore Rupees Net Profit Increases 65.2% YOY to 2208.2 Crore Rupees EPS Increases 67.8% YOY [&hellip;]
- [Arvind Smartspaces Ltd Q3 2024 Financial Results : Revenue From Operations Grew by 60% YoY To Rs. 84 Cr](https://angelnews.in/arvind-smartspaces-ltd-q3-2024-financial-results-revenue-from-operations-grew-by-60-yoy-to-rs-84-cr/): India : Arvind SmartSpaces Limited (ASL), a prominent real estate development company in India, has released its financial outcomes for the quarter and nine months concluding on December 31, 2023. Arvind Smartspaces Ltd Q3 Financial Results Highlights : Bookings saw a 12% year-on-year increase, reaching Rs. 280 Cr compared to Rs. 250 Cr in the previous year. Collections surged by 16% year-on-year to Rs. 194 Cr, up from Rs. 167 Cr in the previous year. Revenue from Operations experienced a notable growth of 60% year-on-year, totaling Rs. 84 Cr compared to Rs. 53 Cr in the previous year. Adjusted EBITDA showed [&hellip;]
- [Mahindra Auto Sells 43,068 SUVs In January 2024 a 31% Growth YOY](https://angelnews.in/mahindra-auto-sells-43068-suvs-in-january-2024-a-31-growth-yoy/): India : Mahindra &amp; Mahindra Ltd. (Mahindra Auto), a prominent automotive enterprise in India, has disclosed that its total automobile sales for January 2024 reached 73,944 vehicles, marking a 15% increase compared to the previous period. This figure encompasses both domestic sales and exports. In the Utility Vehicles segment, Mahindra recorded sales of 43,068 vehicles in the domestic market, reflecting a robust growth of 31%. Overall, the company sold 43,866 vehicles in this segment, encompassing both domestic sales and exports. Additionally, domestic sales for Commercial Vehicles amounted to 23,481 units. According to Veejay Nakra, President of the Automotive Division at M&amp;M [&hellip;]
- [Data Patterns Q3 Results : Net Profit Jumps 50.7% QOQ To 50.97 Crore Rupees](https://angelnews.in/data-patterns-q3-results-net-profit-jumps-50-7-qoq-to-50-97-crore-rupees/): India : The Board of Directors of Data Patterns(India) Limited at its meeting held on Wednesday, January 31, 2024 has, considered and approved the Unaudited Financial Results for the quarter ended December 31, 2023. DATA PATTERNS RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2023 Data Patterns Q3 Results Highlights : Net Profit Increases 50.7% QOQ Total Income Increases 26.5% QOQ Net Profit Increases 52.9% YOY Total Income Increases 32.6% YOY &nbsp;
- [Borosil Limited : Borosilicate Glass Production Facility Has Been Commissioned](https://angelnews.in/borosil-limited-borosilicate-glass-production-facility-has-been-commissioned/): Mumbai, India : Borosil Limited Commissioned a production facility in Jaipur, Rajasthan, with a daily capacity of 25 tonnes for manufacturing borosilicate glass pressware. The borosilicate glass furnace was officially launched today, January 31, 2024, at approximately 03:00 p.m. (IST). The company is set to commence trial production soon, aiming to achieve full commercial production by the end of February 2024. This initiative will lessen reliance on imports, enhance range of products, meet the demand for borosilicate glass pressware both domestically and internationally, and give a competitive advantage by reducing production costs.
- [Paras Defence Won Order Worth 53 Crores From IRDE](https://angelnews.in/paras-defence-won-order-worth-53-crores-from-irde/): India : Paras Defence and Space Technologies Limited (&#8220;Paras&#8221;) has secured the contract from the Instrument Research &amp; Development Establishment (IRDE), Government of India, Ministry of Defence, DRDO, dated January 30, 2024, for the design, optimization, fabrication, and qualification of optical periscopes for ICS for submarine application. The timeframe for executing the order : Full delivery is expected by the end of Fiscal Year 2025. Size of Order : The contract encompasses the design, optimization, fabrication, and qualification of Optical Periscopes, with an approximate value of 53 Crores (excluding applicable taxes).
- [Airtel Expands Its Presence In Indore With a Stronger Retail Network](https://angelnews.in/airtel-expands-its-presence-in-indore-with-a-stronger-retail-network/): Indore , India : Today, Bharti Airtel, a prominent telecommunications service provider in India, revealed the launch of five new state-of-the-art company-owned stores in Indore. Situated in Silicon City, Pardesipura, Dewas Naka, Agrasen Nagar, and Scheme no. 136 behind Brilliant Convention Centre, these new stores are set to enhance Airtel&#8217;s retail footprint and provide exceptional service to customers. Additionally, these outlets will serve as platforms to exhibit Airtel&#8217;s advanced technologies across its product range. Crafted with the ethos of fostering excellence and securing lifelong customers, these local stores will showcase Airtel&#8217;s complete array of offerings, such as Xstream, Xsafe, and 5G [&hellip;]
- [Paisalo Digital Limited Board Recommended Issue of Bonus Shares in the Ratio of 1:1](https://angelnews.in/paisalo-digital-limited-board-recommended-issue-of-bonus-shares-in-the-ratio-of-11/): India : Paisalo Digital  is proposing to issue bonus shares in the ratio of 1:1, meaning one new bonus equity share of Re. 1/- each will be issued for every one existing share of Re. 1/- each held by the shareholders as of the &#8220;Record Date,&#8221; which will be determined by the company&#8217;s Board for this purpose. Board members of the Company has fixed Wednesday, March 20, 2024 as the &#8216;Record Date This bonus issue of equity shares is contingent upon the approval of the shareholders and other necessary statutory and regulatory approvals as may be mandated. Once allotted, the bonus [&hellip;]
- [Lloyds Enterprises Limited Completes Acquisition of a 60.38% Stake in Lloyds Realty Developers Limited](https://angelnews.in/lloyds-enterprises-limited-completes-acquisition-of-a-60-38-stake-in-lloyds-realty-developers-limited/): Mumbai , India : Lloyds Enterprises Limited (LEL) has achieved a significant milestone by finalizing the acquisition of a 60.38% stake in Lloyds Realty Developers Limited (LRDL) on January 31, 2024. This move follows the decision made on December 6, 2023, to invest INR 110 crores in LRDL, aiming to strengthen LEL&#8217;s strategic presence within the real estate industry. Details about the Acquisition: The investment, conducted at LRDL&#8217;s book value, involved injecting fresh funds without compensating existing LRDL shareholders, resulting in their dilution due to LEL&#8217;s new infusion of funds. As a result of this capital injection, LRDL has achieved a [&hellip;]
- [Nodwin Gaming Injects €8 Million Into Germany Based Company Freaks 4U Gaming](https://angelnews.in/nodwin-gaming-injects-e8-million-into-germany-based-company-freaks-4u-gaming/): Berlin : NODWIN Gaming International Pte. Ltd (NODWIN), a wholly-owned subsidiary of India&#8217;s leading gaming and esports firm, NODWIN Gaming, has revealed its commitment to invest €8 million in Freaks 4U Gaming GmbH. This substantial financial backing underscores a notable endorsement in the worldwide gaming sector. Having converted its convertible loan agreement of €3.6 million, initially activated on December 27, 2023, into equity, NODWIN has obtained further shares in Freaks 4U Gaming by injecting €4.4 million. This brings NODWIN&#8217;s total investment in Freaks 4U Gaming to €8 million, securing a 13.51% ownership stake in the company. Additionally, NODWIN holds the potential [&hellip;]
- [DRDO Has Entered Into Licensing Agreement for Transfer of Technology (LAToT) with Paras Defence](https://angelnews.in/drdo-has-entered-into-licensing-agreement-for-transfer-of-technology-latot-with-paras-defence/): India: On January 30, 2024, Instrument Research &amp; Development Establishment (IRDE), a division of DRDO, finalized a &#8216;Licensing Agreement for Transfer of Technology&#8217; (LAToT) with Paras Defence and Space Technologies Limited (Paras Defence). This agreement pertains to the transfer of technology for the Remote Control Border Defence System known as the &#8220;Weaponisation of Hand Held Thermal Imager with LRF (WHHTI),&#8221; developed by IRDE, DRDO. The Weaponisation of Hand Held Thermal Imager with Laser Range Finder (WHHTI) is a remotely operated weapon station. It stands out as a singular, self-sufficient system endowed with capabilities for detecting, identifying, and countering threats in border [&hellip;]
- [L&T Construction Wins a Mega EPC Order for establishing Largest Renewable Generation Plant in United Arab Emirates](https://angelnews.in/lt-construction-wins-a-mega-epc-order-for-establishing-largest-renewable-generation-plant-in-united-arab-emirates/): UAE : L&amp;T Construction Power Transmission &amp; Distribution business has selected the Renewable EPC division as the complete Engineering, Procurement, and Construction contractor for setting up a 1800MWac Solar Photovoltaic Plant in Dubai, United Arab Emirates. This initiative represents the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai, United Arab Emirates. Upon completion, the plant is anticipated to mitigate approximately 2.4 million tonnes of carbon emissions annually. Covering an expansive area of 20 square kilometers, the project will be executed in three distinct phases. Beyond the Photovoltaic plant itself, the project scope encompasses various evacuation and [&hellip;]
- [Suzlon Has Successfully Secured a New Order Totaling 642 MW from Evren](https://angelnews.in/suzlon-has-successfully-secured-a-new-order-totaling-642-mw-from-evren/): Pune , India : Suzlon Group, renowned as India&#8217;s leading provider of renewable energy solutions, has revealed a significant achievement today by securing an order to supply Wind Turbine Generators (WTGs) for a sizable 642 MW wind power project from &#8216;ABC Cleantech Private Limited (ACPL),&#8217; a company under Evren. Evren, a joint venture between Brookfield and Axis Energy in India, has entrusted Suzlon with this project. Suzlon is tasked with installing 214 wind turbine generators equipped with Hybrid Lattice Tubular (HLT) towers, each boasting a rated capacity of 3 MW, in Andhra Pradesh. Suzlon will provide 214 wind turbines, each with [&hellip;]
- [The National Company Law Tribunal has dismissed Wilmington Trust's bankruptcy petition filed against SpiceJet](https://angelnews.in/the-national-company-law-tribunal-has-dismissed-wilmington-trusts-bankruptcy-petition-filed-against-spicejet/): India : On January 29, 2024, the National Company Law Tribunal (NCLT) rejected the insolvency petition brought against the SpiceJet by aircraft lessor Wilmington Trust SP Services. About SpiceJet: SpiceJet, hailed as India&#8217;s preferred airline, has revolutionized air travel by making it more affordable and accessible to a greater number of Indians than ever before. As an IATA-IOSA certified airline, SpiceJet operates a diverse fleet comprising Boeing 737s, Q-400s, and freighters, solidifying its position as the country&#8217;s largest regional player. Under UDAN (Ude Desh ka Aam Nagrik) or the Regional Connectivity Scheme, SpiceJet operates multiple daily flights, enhancing connectivity across regions. [&hellip;]
- [Tata Investment Corporation Q3 Results : Net Profit Increases 53.2% YOY To 53.24 Crore Rupees](https://angelnews.in/tata-investment-corporation-q3-results-net-profit-increases-53-2-yoy-to-53-24-crore-rupees/): India : Tata Investment Corporation Q3 Results : The financial results for the quarter and nine months ended December 31, 2023, have been recorded at the meeting of the Tata Investment Corporation Board of Directors held today, January 29, 2024. Consolidated Q3 Results For Quarter Ended December 2023 &nbsp; &nbsp;
- [ITC declared Interim Dividend of Rs 6.25 Per Share](https://angelnews.in/itc-declared-interim-dividend-of-rs-6-25/): India : ITC declared an interim dividend of Rs 6.25 per share for the financial year ending on 31st March, 2024. The dividend will be distributed to eligible members between Monday, 26th February, 2024 and Wednesday, 28th February, 2024. ITC has set Thursday, 8th February, 2024, as the Record Date to determine the entitlement of members for the interim dividend.
- [Quick Heal excels in the Internet Safe Banking Test 2024 administered by AVLab Cybersecurity Foundation in Poland](https://angelnews.in/quick-heal-excels-in-the-internet-safe-banking-test-2024-administered-by-avlab-cybersecurity-foundation-in-poland/): Poland: Quick Heal, a prominent international provider of cybersecurity solutions, is pleased to declare that its Safe Browser &amp; Safe Banking feature has earned certification from AVLab Cybersecurity Foundation in Poland, solidifying its reputation as a global leader in cybersecurity. As the sole Indian cybersecurity company to achieve this certification, Quick Heal remains a frontrunner in the industry, consistently establishing new standards in cybersecurity innovation. AVLab conducted an intensive two-month evaluation scrutinizing the effectiveness of Quick Heal&#8217;s Safe Browser &amp; Safe Banking module, with a particular emphasis on its ability to withstand the constantly evolving realm of banking frauds. Compared against [&hellip;]
- [Latent View Analytics Q3 Results : Net Profit Falls 11.3% To 46.5 Crore Rupees](https://angelnews.in/latent-view-analytics-q3-results-net-profit-falls-11-3-to-46-5-crore-rupees/): India : the Board of Directors of Latent View Analytics at its meeting held on January 29, 2024 has approved the Unaudited Financial Results of the Company for the quarter ending December 2023 Latent View Analytics Consolidated Results &nbsp;
- [Tata Power Renewable Energy Limited illuminates the largest tea estate in Asia](https://angelnews.in/tata-power-renewable-energy-limited-illuminates-the-largest-tea-estate-in-asia/): India : Tata Power Renewable Energy Limited (TPREL), a prominent figure in India&#8217;s renewable energy industry and a subsidiary of the Company, has effectively initiated the operation of a groundbreaking 1040 kW Bifacial Solar System project in collaboration with Chengmari Tea Estate, the largest tea estate in Asia. This milestone signifies the introduction of on-ground bifacial modules for the first time in eastern India. Despite facing challenging monsoon conditions spanning 3.5 months, the project, which entailed installing roughly 1,900 modules, was accomplished within an impressive six-month timeframe. It is anticipated to produce an estimated 1.5 MUs of energy annually for the [&hellip;]
- [DroneAcharya Aerial Innovations Limited Won Order From Tata Community Initiatives Trust](https://angelnews.in/droneacharya-aerial-innovations-limited-won-order-from-tata-community-initiatives-trust/): India : DroneAcharya Aerial Innovations Limited is delighted to announce a significant milestone achieved through the acquisition of a noteworthy order from Tata Community Initiatives Trust. The order involves delivering advanced Geographic Information System (GIS) training tailored for Drones or Unmanned Aerial Vehicles (UAV) to a group of 15 individuals in Bengaluru. This comprehensive training program spans 35 effective hours. This advancement highlights the increasing recognition and focus on enhancing skills through specialized training in Geographic Information System (GIS) and Unmanned Aerial Vehicle (UAV) technologies. The training initiative, crafted to equip participants with proficiency in integrating GIS with drone functionalities, plays [&hellip;]
- [Rolls-Royce signs long term contract with Azad Engineering](https://angelnews.in/rolls-royce-signs-long-term-contract-with-azad-engineering/): India: On January 29, 2024, Rolls-Royce finalized a significant seven-year contract with Azad Engineering Limited. This agreement entails the production and supply of critical engine parts for Rolls-Royce&#8217;s defense and military aircraft engines. About Azad Engineering : Azad Engineering stands as a prominent manufacturer within the aerospace and defense, energy, and oil and gas industries, specializing in the production of highly engineered components vital for mission-critical applications. Its diverse product range encompasses 3D rotating airfoil segments for turbine engines and other essential components crucial for defense and civil aircraft, spacecraft, defense missiles, nuclear, hydrogen, gas, oil, and thermal power sectors. The [&hellip;]
- [Man Infraconstruction Limited Launches Aaradhya OnePark](https://angelnews.in/man-infraconstruction-limited-launches-aaradhya-onepark/): Mumbai , India : Man Infraconstruction Limited Launches Aaradhya OnePark Aaradhya OnePark unveils an innovative community living concept, presenting ultra-luxurious residences available in configurations of 3 BHK, 4 BHK, and 5 BHK, alongside over 50 lifestyle amenities. Spanning across a gated community of over 12,000 square meters and comprising 10 societies, this expansive project is situated at Ratilal B. Mehta Road (60 Feet Road) in Ghatkopar East, Mumbai. The MICL Group anticipates robust sales momentum for the project, projecting a revenue generation of Rs. 1,200 crore over the next four years from this endeavor.
- [PVR INOX Opens 4 Screen Multiplex at Mittal Mall, Ajmer, Rajasthan.](https://angelnews.in/pvr-inox-opens-4-screen-multiplex-at-mittal-mall-ajmer-rajasthan/): India: PVR INOX 4 Screen Multiplex at Mittal Mall movie theater boasts cutting-edge technology, featuring a 2K projection system, Dolby 7.1 surround sound, and advanced 3D technology. Following this launch, PVR INOX has expanded to operate the most extensive multiplex network, spanning 1,712 screens across 360 properties in 113 cities, encompassing both India and Sri Lanka. PVR INOX is set to fortify its presence in Rajasthan with 79 screens across 21 properties while further expanding in West India with 345 screens spread across 77 properties. Situated within the city&#8217;s largest mall, the cinema enjoys a strategic location with key landmarks like [&hellip;]
- [BLS E-SERVICES LIMITED IPO : Company Profile, GMP ,Price Other Details](https://angelnews.in/bls-e-services-limited-ipo-company-profile-gmp-price-other-details/): India: BLS E-SERVICES LIMITED Company profile: BLS E-SERVICES LIMITED is a digital service provider empowered by technology, offering (i) Business Correspondents, (ii) Assisted E-services, and (iii) E-Governance Services at the grassroots level in India. Merchants play a crucial role as key stakeholders in each of  BLS E-SERVICES LIMITED business segments, facilitating the delivery of products and services to the citizens. Serve as Business Correspondents, acting on behalf of major banks in India, to deliver banking products and services. BLS E-SERVICES LIMITED offer assisted e-services through retailers and digital stores. Additionally, BLS E-SERVICES LIMITED facilitate the delivery of various e-governance initiatives of [&hellip;]
- [Olectra Greentech Q3 Results: Net Profit increases 77.1% YOY To 27.11 Crore Rupees](https://angelnews.in/olectra-greentech-q3-results-net-profit-increases-77-1-yoy-to-27-11-crore-rupees/): India: the Board of Directors of the Olectra Greentech at their meeting held on January 27, 2024 Approved the Un-Audited Financial Results (Standalone and Consolidated) for the third quarter ended December 31, 2023. Olectra Greentech Consolidated Results: Olectra Greentech Q3 Results Highlights Net Profit increases 77.1% YOY To 27.11 Crore Rupees Expenses increases 32.7% YOY EPS increases From 1.75 To 3.29 YOY &nbsp;
- [CIL Securities Results: Profit Before Tax Increases 36.9% To 1.16 Crore Rupees](https://angelnews.in/cil-securities-results-profit-before-tax-increases-36-9-to-1-16-crore-rupees/): Hyderabad , India : During its meeting on Saturday, January 27th, 2024, the Board of Directors approved the Unaudited Financial Results of CIL securities Ltd Q3 Financial results highlights: Total income from operations: Increases 5.9% YOY Quarter Ended 31st Dec, 2023(Q3) :279.96 Lakhs Quarter Ended 30th Sept,2023(Q2):273.22 Lakhs Quarter Ended 31st Dec.2022 :264.23 Lakhs Expenses : Decreases 8.9% YOY Quarter Ended 31st Dec, 2023(Q3) :163.50 Lakhs Quarter Ended 30th Sept,2023(Q2):181.22 Lakhs Quarter Ended 31st Dec.2022 :179.56 Lakhs Profit after exceptions items and before tax: Increases 36.9% Quarter Ended 31st Dec, 2023(Q3) :116.92 Lakhs Quarter Ended 30th Sept,2023(Q2):92.34 Lakhs Quarter Ended 31st [&hellip;]
- [Ahluwalia Contracts Won Project worth Rs.180.00 Crores](https://angelnews.in/ahluwalia-contracts-won-project-worth-rs-180-00-crores/): India : The Project valued at Rs. 180.00 Crores involves the expansion construction of Max Smart Super Specialty Hospital, a part of Gujarmal Modi Hospital and Research Center for Medical Sciences, located in Saket, New Delhi-110017. The timeframe within which the order is expected to be executed : 15 months. About Ahluwalia Contracts : With a specialized experience spanning over 43 years in the Construction Industry, Ahluwalia Contracts has firmly established itself as one of the leading Civil Contractors in the country. The company&#8217;s impressive turnover of over INR 2721.60 Crores for the financial year 2021-22 attests to its prominent position [&hellip;]
- [Oriental Foundry Private Limited Has Secured Order Worth Rs 55.7 Crores](https://angelnews.in/oriental-foundry-private-limited-has-secured-order-worth-rs-55-7-crores/): India : Oriental Foundry Private Limited, a wholly-owned subsidiary of Oriental Rail Infrastructure Limited, has successfully secured an order worth Rs. 55.77 Crores for the manufacturing and supply of 122 (Two Rake) BOXNHL Wagons and 02 Brake Vans from THDC India Limited. The timeframe for the execution of the order : January 24 , 2025 About Oriental Rail Infrastructure Limited : Oriental Rail Infrastructure Limited (formerly Oriental Veneer Products Limited), known as ORIL, boasts a rich legacy spanning 30 years, specializing in the manufacturing and supply of various items for the Indian Railways and other industries. The company commenced its operations [&hellip;]
- [Mahindra Logistics Announces Expansion of its Multi-client Warehousing Capacity to 5 lakh sq. ft. in Nashik](https://angelnews.in/mahindra-logistics-announces-expansion-of-its-multi-client-warehousing-capacity-to-5-lakh-sq-ft-in-nashik/): Mumbai, India : Mahindra Logistics Limited has recently revealed an extension of 100,000 square feet to its existing multi-client warehouse in Nashik. Furthermore, the company has announced its intention to construct a new warehousing facility spanning 300,000 square feet, thereby increasing its total warehousing capacity in Nashik, Maharashtra, to 500,000 square feet. This expansion signifies the largest warehousing space available from any service provider in Nashik. Operations at the new facility are expected to commence by the end of the third quarter of 2024. Additionally, they announced plans for a new 300,000 square foot warehousing facility, effectively increasing their total warehousing [&hellip;]
- [Protean eGov Technologies Has Received Order Worth INR 16 Crores](https://angelnews.in/protean-egov-technologies-has-received-order-worth-inr-16-crores/): India:  Protean eGov Technologies Limited has been awarded a Work Order on January 25, 2024, by the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI), a Government of India Undertaking. The contract entails providing services as the &#8220;System Integrator for Implementation &amp; Maintenance of Central BUDS Registry Solution&#8221; for an approximate amount of INR 16 Crores. The timeframe within which the order is expected to be executed is 69 months from the date of execution of Contract. About Protean eGov Technologies Ltd : Protean eGov Technologies Ltd stands as a trailblazer and frontrunner in the development of [&hellip;]
- [ZPPL: A Subsidiary of Zomato Got Authorization From RBI as Payment Aggregator](https://angelnews.in/zpplsubsidiary-of-zomato-got-authorization-from-rbi-as-payment-aggregator/): India: On August 4, 2021, an announcement was made regarding the incorporation of Zomato Payments Private Limited (&#8220;ZPPL&#8221;), a fully owned subsidiary of Zomato Limited. ZPPL( Zomato Payments Private Limited) has obtained a certificate of authorization from the Reserve Bank of India (&#8220;RBI&#8221;) dated January 24, 2024, enabling it to function as an &#8216;Online Payment Aggregator&#8217; in India starting from January 24, 2024, in accordance with the RBI&#8217;s guidelines. About Zomato : Launched in 2010, the Zomato platform serves as a nexus connecting customers, restaurant partners, and delivery partners, catering to their diverse requirements. Customers leverage the Zomato platform to explore [&hellip;]
- [Angel One Client Base Crosses 20 million](https://angelnews.in/angel-one-client-base-crosses-20-million/): India : Angel One, a prominent player in India&#8217;s fintech landscape, is delighted to announce a significant achievement: surpassing the remarkable milestone of 20 million clients.  Angel One&#8217;s journey is a testament to its robust business model, attracting a growing number of younger clients as it expands its presence from metropolitan areas to Tier 2, Tier 3, and beyond cities. Angel One, an innovative technology-driven platform, is committed to simplifying and enhancing the financial journey for its clients. With a focus on providing a seamless and user-friendly experience. Angel One aims to deliver comprehensive solutions for all investment requirements.
- [RailTel Corporation of India Wins Order Worth Rupees162.73 Crore](https://angelnews.in/railtel-corporation-of-india-won-order-worth-rs-162-73-crore/): India: RailTel Corporation of India Ltd, has been issued a work order by Navodaya Vidyalaya Samiti for the Supply and Implementation of Integrated Infrastructure and IT solutions as part of the PM SHRI Scheme in JNVs Schools. The total value of the order, inclusive of taxes, is Rs. 162.73 Crore. Conditions and terms of the order :Provision and Execution of Integrated Infrastructure and Information Technology Solutions within the framework of the PM SHRI Scheme for Jawahar Navodaya Vidyalayas (JNVs) Schools. Execution Time period :A period of 180 days from the date of agreement signing. About RailTel Corporation of India : RailTel, [&hellip;]
- [Quick Heal Technologies Q3 Results: Revenue At 81.9 Cr , PAT At 10.1Cr](https://angelnews.in/quick-heal-technologies-q3results/): India: Quick Heal Technologies Limited, a worldwide provider of cybersecurity solutions serving both consumers and enterprises, has disclosed its unaudited financial results for the quarter and the nine months concluding on December 31, 2023. Notable Points &#8211; Third Quarter of Fiscal Year 2024: Revenue: Achieved INR 81.9 Crores EBITDA: Recorded INR 11.6 Crores PAT (Profit After Tax): Stood at INR 10.1 Crores Highlights of the Quarter Q3 FY24: Attained a revenue of INR 81.9 Crores and a Profit After Tax (PAT) of INR 10.1 Crores for the third quarter of Fiscal Year 2024.  Formed a Memorandum of Understanding (MoU) with IIM [&hellip;]
- [Mazagon Dock Shipbuilders Wins Order Worth INR 1070 Cr From Ministry of Defence](https://angelnews.in/mazagon-dock-shipbuilders-won-order-worth-inr-1070-cr-from-ministry-of-defence/): India : Mazagon Dock Shipbuilders Limited (MDL) has signed a contract with Acquisition wing of Ministry of Defence for Construction and Delivery of Fourteen (14) Fast Patrol ‘Vessels (FPVs) for Indian Coast Guard (ICG) on 24 January, 2024. The first vessel is scheduled for delivery 24 months from the date of release of advance payment by the Buyer to the Seller. Subsequent vessels will be delivered at intervals of three (03) months following the execution of the order. size of the order is Approx. INR 1070 Cr. About Mazagon Dock Shipbuilders : Mazagon Dock Shipbuilders Limited, located in Mumbai and certified [&hellip;]
- [Motilal Oswal Financial Services Declares Interim Dividend , Details](https://angelnews.in/motilal-oswal-financial-services-declares-interim-dividend/): India: At its meeting on January 24, 2024, the Company&#8217;s Board of Directors declared an Interim Dividend on the Equity Shares for the Financial Year 2023-24. The dividend rate is set at Rs. 14/- per Equity Share with a face value of Re. 1/- each, sourced from the company&#8217;s profits. The Board has Fixed February 06, 2024, as the record date for the disbursement of the Interim Dividend. The Interim Dividend will be disbursed to all Equity Shareholders of the Company on or before February 23, 2024. About Motilal Oswal Financial Services : Motilal Oswal Financial Services (MOFSL) began its journey [&hellip;]
- [Netweb Technologies Q3 2024 Results :Income Grows by 44% & PAT Grows by 20% YoY](https://angelnews.in/netweb-technologies-results/): Delhi, India : Netweb Technologies India Limited (Netweb), a leading Indian-owned and controlled Original Equipment Manufacturer (OEM) specializing in High-End Computing Solutions (HCS), has unveiled its financial results for the third quarter of Fiscal Year 2023-24 (Q3 FY24). The Board of Directors of Netweb, in a meeting held on January 23, 2024, officially acknowledged and approved the Unaudited Financial Results for this quarter. Netweb stands out by offering a comprehensive range of products and solutions catering to diverse end-user industries, including Information Technology (IT), IT-enabled Services (ITES), Banking, Financial Services and Insurance (BFSI), National Data Centers, and Government entities such as [&hellip;]
- [Tata Consultancy Services (TCS) has Achieved the Top Position in Customer Satisfaction in France](https://angelnews.in/tcs-secures-top-position-in-customer-satisfaction-in-france/): PARIS : Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has once again demonstrated its leadership in customer satisfaction, securing the top spot in the 2023 French IT Sourcing Study conducted by the global think tank Whitelane Research. TCS maintained its position at the pinnacle for the fifth consecutive year, achieving an impressive satisfaction score of 84%. Whitelane Research is an independent organization dedicated to comprehensive research on information technology procurement policies in Europe, and it hosts events across the continent. In collaboration with IT consulting firm Timspirit, the organization conducted the 2023 French IT Sourcing Study. This study stands as [&hellip;]
- [Oberoi Realty Achieves Gross Bookings of Rupees 882 Crores its New Tower in Elysian](https://angelnews.in/oberoi-realty-achieves-gross-bookings-of-rs-882-crores/): India: Oberoi Realty, a distinguished real estate developer, has achieved significant success with the launch of its new tower in Elysian at Oberoi Garden City, Goregaon, Mumbai. The company announces gross bookings amounting to approximately Rs. 882 crores during the launch. About Oberoi Realty Limited : Oberoi Realty Ltd., headquartered in Mumbai, stands as India’s foremost real estate development company. With a focus on premium developments, the company operates across various sectors including residential, office space, retail, hospitality, and social infrastructure. Oberoi Realty has earned a distinguished reputation in the real estate domain, boasting an impeccable track record. The company&#8217;s core [&hellip;]
- [Airtel prepays Rs. 8,325 crores to clear high cost deferred liabilities for spectrum acquired in 2015](https://angelnews.in/airtel-prepays-rs-8325-crores-to-clear-high-cost-deferred-liabilities-for-spectrum-acquired-in-2015/): New Delhi, India : Bharti Airtel, a prominent telecommunications service provider in India, has announced the prepayment of Rs. 8,325 crores to the Department of Telecom (Government of India). This payment is a partial settlement of deferred liabilities associated with the spectrum acquired in the auction of the year 2015, incurring an interest cost of 10%. About airtel: Based in India, Airtel is a global communications solutions provider, serving over 500 million customers in 17 countries across South Asia and Africa. Globally, it ranks among the top three mobile operators, extending its networks to cover over two billion people. In India, [&hellip;]
- [Tata Elxsi Q3 2024 Results :Revenues from operations at Rs. 914.2 Cr, PAT at Rs. 206.4 Cr](https://angelnews.in/tata-elxsi-results-revenues-from-operation/): India: Tata Elxsi Q3 2024 Results Highlights : In the quarter concluding on December 31, 2023, the company disclosed operating revenue of Rs. 914.2 Cr, reflecting a quarter-on-quarter growth of 3.7%.  Operating revenues reached Rs. 914.2 Cr, marking a 3.7% quarter-on-quarter increase and an 11.8% year-on-year growth.  On a constant currency basis, the growth in operating revenue stood at +3.0% QoQ and +9.4% YoY. The operating margin reached 29.5%, while the net margin (PBT) stood at 28.9%.  Profit Before Tax (PBT) amounted to Rs. 274.1 Cr, reflecting a robust 14.2% year-on-year growth.  Profit After Tax (PAT) totaled Rs. 206.4 Cr, with [&hellip;]
- [Nova Agritech IPO : Company profile ,GMP , Price other details](https://angelnews.in/nova-agritech-ipo-company-profile-gmp-price-other-details/): 1)Nova Agritech Company Profile: An agricultural input manufacturer provides technology-driven solutions for farmers, emphasizing products related to soil health management, crop nutrition, and crop protection. Company provide products that are environmentally sustainable and nutritionally balanced, developed through our dedicated Research and Development efforts. Company engage in the manufacturing, distribution, and marketing of an extensive array of product categories, encompassing (a) products for soil health management, (b) crop nutrition products, (c) bio stimulant products, (d) biopesticide products, (e) Integrated Pest Management products, (f) innovative technologies, and (g) crop protection products. At present, subsidiary, Nova Agri Sciences Private Limited, is responsible for the [&hellip;]
- [Persistent Systems Announces Dividend and Stock Split , Details](https://angelnews.in/persistent-systems-announced-dividend-and-stock-split/): MUMBAI: STOCKSPLIT : The Board of Directors of Persistent Systems convened on January 20, 2024, starting at 0800 Hrs (IST) and concluding at 1532 Hrs (IST). During the meeting, they deliberated on the proposal for the sub-division/split of the current Equity Shares, each with a face value of INR 10 split ratio : The proposal involves a 1:2 sub-division, meaning that one existing Equity Share with a face value of INR 10/- (INR Ten only) will be split into two fully paid-up Equity Shares, each with a face value of INR 5 (INR Five only) each. expected time of completion: Approximately [&hellip;]
- [Choice International Ltd Subsidiary Awarded Order Worth Rs 17 Crores](https://angelnews.in/choice-international-ltd-subsidiary-awarded-order-worth-rs-17-crores/): Mumbai:  Choice International Ltd fully-owned subsidiary, M/s. Choice Consultancy Services Private Limited, has secured a work order valued at Rs. 17 Crores for the digitization of Primary Agricultural Credit Societies (PACS) throughout the state of Maharashtra. Choice Consultancy Services Pvt Ltd, a prominent consulting firm and a subsidiary of Choice International Ltd, has been chosen to lead a groundbreaking project focused on the digitization of Primary Agricultural Credit Societies (PACS) throughout Maharashtra. This selection comes after a successful bid in response to NABARD&#8217;s request for proposals, underscoring Choice Consultancy&#8217;s dedication to innovation and advancement in the rural financial sector. The undertaking, [&hellip;]
- [LUPIN Receives U.S.FDA Approval for The New Drug Febuxostat Tablets](https://angelnews.in/lupin-receives-u-s-fda-approval-for-the-new-drug-febuxostat-tablets/): Mumbai: Lupin Limited, a leading global pharmaceutical company, revealed today that it has obtained approval from the United States Food and Drug Administration (U.S. FDA) for its Abbreviated New Drug Application concerning Febuxostat Tablets in 40 mg and 80 mg strengths. This approval allows Lupin to introduce a generic version of Takeda Pharmaceuticals U.S.A., Inc.&#8217;s Uloric Tablets in the same strengths. The manufacturing of this product will take place at Lupin&#8217;s facility in Pithampur, India. Febuxostat Tablets, available in 40 mg and 80 mg strengths, are prescribed for the continual treatment of hyperuricemia in adult individuals with gout. This includes those [&hellip;]
- [Nazara to Acquire Stake in Influencer Platform Kofluence](https://angelnews.in/nazara-to-acquire-stake-in-influencer-platform-kofluence/): INDIA:  Nazara Technologies Limited, an India-based diversified gaming and sports media platform, has officially declared that its board has given the green light for the acquisition of a 10.77% stake in Kofluence Tech Private Limited (&#8220;Kofluence&#8221;). This acquisition will be executed through a share swap arrangement with certain existing investors of Kofluence. Pursuant to the share swap transaction, the Company is proposing to issue 3,71,637 Equity Shares at a price of Rs. 872.15/- per Equity Share aggregating to Rs. 32,41,23,210 (Rupees Thirty-Two Crores, Forty-One Thousand lakhs, Twenty-Three thousand, two hundred and nine only) (“Issue”) by way of preferential issue on private [&hellip;]
- [Nikhil Kamath’s NKSquared & Kamath Associates to increase stake in Nazara through preferential issue](https://angelnews.in/nikhil-kamaths-nksquared-kamath-associates-to-increase-stake-in-nazara-through-preferential-issue/): INDIA : Nazara Technologies Limited, an India-based gaming and sports media platform with a diversified portfolio, has disclosed today that its board has given the green light for a preferential allotment of equity shares. This move is aimed at raising up to INR 250 crores, contingent upon obtaining approval from the company&#8217;s shareholders.The Company is proposing to issue up to 28,66,474 (Twenty-Eight Lakh Sixty-Six Thousand Four Hundred and Four) equity shares of face value of Rs. 4/- each at a price of Rs. 872.15/- per equity share aggregating to INR 249,99,95,299. Kamath Associates                  [&hellip;]
- [Intellect Design to set up Branch Office at IFSC GIFT City SEZ- Gujarat](https://angelnews.in/intellect-design-to-set-up-branch-office-at-ifsc-gift-city-sez-gujarat/): Gujarat : On January 16, 2024, Intellect Design obtained approval from the authorities of Gujarat International Finance Tech City (GIFT City), located in Gandhinagar, Gujarat. This approval grants permission to establish a Branch Office at the International Financial Services Centre within GIFT City Special Economic Zone (SEZ), Gujarat. The Branch Office set up in GIFT City SEZ, Gujarat, is strategically designed to serve as a hub for AI-enabled product development and as a Center of Excellence for ensuring customer success. About Intellect Design Arena : Intellect Design Arena Ltd. boasts the world&#8217;s largest cloud-native, API-led microservices-based multiproduct FinTech platform, catering to [&hellip;]
- [Shakti Pumps (India) Limited has received 11th Patent](https://angelnews.in/shakti-pumps-india-limitedy-has-received-11th-patent/): Madhya Pradesh : Shakti Pumps (India) Limited, the foremost producer of energy-efficient pumps and motors in India, has been granted a patent for the creation of the &#8220;HELICAL PUMP ARRANGEMENT WITH ANTI VIBRATION COUPLING.&#8221; The Patent Office of the Government of India has officially conferred this patent upon Shakti Pumps, ensuring compliance with the stipulations outlined in the Patents Act of 1970. Valid for a period of 20 years from the filing date, this marks the 11th patent successfully secured by the company. Introducing a revolutionary helical pump equipped with an advanced anti-vibration coupling meticulously crafted to diminish vibrations at the [&hellip;]
- [Bharat Electronics Limited (BEL) has secured orders worth Rs. 1034.31 Crore](https://angelnews.in/bharat-electronics-limited-bel-has-secured-orders-worthrs1034-31crore/): India : The Navratna (DPSU)- Bharat Electronics Limited (BEL), has been awarded an order by Mazagon Dock Shipbuilders Ltd. This order, valued at Rs. 695 Crore, pertains to the supply of spares related to missile systems. Additionally, the company has secured further orders amounting to Rs. 339.31 Crore since the last disclosure on December 26, 2023. These additional orders are related to the Combat Management System, Composite Communication System, Transmit/Receive Modules, Mobile Autonomous Stabilization System, and other spares/services. With the above, BEL has received cumulative orders of Rs.27,647.31 Crore in the current financial year. About Bharat Electronics Limited (BEL) : Bharat Electronics [&hellip;]
- [MAS Financial Services Board of Directors Recommends Bonus Shares in the Proportion of 2:1](https://angelnews.in/mas-financial-services-the-board-of-directors-recommends-bonus-shares-in-the-proportion-of-21/): Ahmedabad :The Board of Directors of &#8220;MAS Financial Services Limited&#8221; (BSE: 540749, NSE: MASFIN), a company specializing in MSME financing, convened today to discuss and approve various matters, which include: To acknowledge the significant achievement of crossing the monumental milestone of ₹10,000 Crore in consolidated Assets Under Management (AUM), the board has proposed the issuance of Bonus Shares in a 2:1 ratio. This translates to 2 (Two) new fully paid-up bonus equity shares of ₹10/- (Rupees Ten only) each for every 1 (One) existing fully paid-up equity share of ₹10/- (Rupees Ten only) each held by the company&#8217;s shareholders as of [&hellip;]
- [Ayalaan has achieved a remarkable global box office revenue, surpassing the 50+ crores milestone - PhantomFX](https://angelnews.in/ayalaan-has-achieved-a-remarkable-global-box-office-revenue-surpassing-the-50-crores-milestone-phantomfx/): Mumbai: – Phantom Digital Effects Limited (NSE &#8211; PHANTOMFX), a leadingvisual effects (VFX) studio, has achieved a groundbreaking milestone with the global success of the sci-fi phenomenon &#8220;Ayalaan.&#8221; Released on January 12, 2024, the film has not only captured the hearts of audiences worldwide but has also redefined the standards for the Indian film industry. The film&#8217;s extraordinary success is attributed to its groundbreaking visual effects (VFX) and computer graphics (CGI), setting a new standard for the Indian film industry. Phantom Digital Effects Limited, the innovative force behind &#8220;Ayalaan,&#8221; has established a groundbreaking industry benchmark by successfully delivering over 4500 VFX [&hellip;]
- [Karnataka Bank and Clix Capital enter into co-lending partnership through Yubi Platform](https://angelnews.in/karnataka-bank-and-clix-capital-enter-into-co-lending-partnership-through-yubi-platform/): &nbsp; Bengaluru : Karnataka Bank (KBL), a prominent Private Sector Bank, and Clix Capital, a rapidly advancing new-age Non-Banking Financial Company (NBFC) in India, have formed a strategic digital co-lending alliance using the Yubi Co.lend Platform. The primary objective of this collaboration is to extend loans to the Indian Micro, Small, and Medium Enterprises (MSME) sector, a significant contributor to India&#8217;s GDP and employment expansion. This agreement aligns with the Reserve Bank of India&#8217;s directives on cooperative lending by banks and NBFCs in priority sectors. The partnership combines Karnataka Bank’s low cost of funds, end-to-end digital capabilities and expertise to offer [&hellip;]
- [IREDA signs MoU with Indian Overseas Bank for Co-Lending in Green Energy Financing](https://angelnews.in/ireda-signs-mou-with-indian-overseas-bank-for-co-lending-in-green-energy-financing/): NEW DELHI : The Indian Renewable Energy Development Agency Ltd. (IREDA) and Indian Overseas Bank (IOB) have partnered by formalizing a Memorandum of Understanding (MoU). The agreement, signed at IREDA&#8217;s Business Centre in New Delhi today, establishes a framework for joint initiatives in co-lending and loan syndication, encompassing a wide range of Renewable Energy projects throughout the country. Dr. R. C. Sharma, General Manager at IREDA, and Shri Anil Kumar, Chief Regional Manager at IOB, formally signed the MoU. The signing took place in the presence of Shri Pradip Kumar Das, Chairman &amp; Managing Director of IREDA, Shri Ajay Kumar Srivastava, [&hellip;]
- [C.E.Info Systems Q3 2024 Results : Revenue reached all-time high At Rs 92 Crore](https://angelnews.in/c-e-info-systems-results-crossed-milestone-of-rs-100-cr-quarterly-total-income-for-first-time/): India : In the third quarter of the fiscal year 2024,C.E.Info Systems ( MapmyIndia) achieved a significant milestone by surpassing the Rs 100 crore mark in quarterly Total Income. Additionally, the company reported a remarkable 36% year-on-year growth in Revenue, reaching an all-time high yet again. Furthermore, the year-to-date (YTD) EBITDA margins remained robust at 43%, exhibiting a 38% year-on-year growth. In the third quarter of fiscal year 2024, the Total Income for MapmyIndia stood at Rs 103.6 Crore, while Revenue reached an all-time high of Rs 92 Crore, marking a significant 36% year-on-year growth. The revenue for the first nine [&hellip;]
- [VISHNU PRAKASH R PUNGULIA LIMITED WINS ORDER WORTH 116 CRORES](https://angelnews.in/vishnu-prakash-r-pungulia-limited-wins-order-worth-116-crores/): Vishnu Prakash R Punglia Limited has received Letter of Award from Office of Sr. Divisional Engineer/Co., DRM Office, NW Railway, Jodhpur, Rajasthan PROJECT DETAILS: FOB 12 M Wide at Barmer, Degana, Merta Road, Balotra, Nokha, Ram Devra, Jalor, Sujangarh, Didwana, Nagaur,Gotan, Ren, Marwar Bhinmal &amp; Phalodi Stations over IRtracks to provide end to end connectivity under AmritBharat station Scheme over Jodhpur Division ABOUT VISHNU PRAKASH R PUNGULIA LIMITED :  &#8220;Vishnu Prakash R Punglia Limited&#8221; (VPRPL) stands out as one of India&#8217;s rapidly growing Infrastructure Development Companies. Established in 1986, the company has experienced remarkable growth, driven by its unwavering commitment to [&hellip;]
- [Mahindra Auto sells 42,401 SUVs, marking a 40% increase In YOY Sales](https://angelnews.in/mahindra-auto-sells-42401-suvs-marking-a-40-increase-in-yoy-sales/): Mumbai : Mahindra &amp; Mahindra Ltd. (Mahindra Auto), a leading automotive company in India, reported its overall auto sales for February 2024 at 72,923 vehicles, reflecting a 24% growth, inclusive of exports. Within the Utility Vehicles segment, Mahindra achieved sales of 42,401 vehicles in the domestic market, marking a substantial 40% growth, with an overall figure of 42,941 vehicles including exports. Domestic sales for Commercial Vehicles reached 22,825 units. Veejay Nakra, President of the Automotive Division at M&amp;M Ltd., stated, &#8220;In February, we successfully sold 42,401 SUVs, representing a 40% growth, and our total vehicle sales reached 72,923, showing a 24% [&hellip;]
- [NCC Limited Wins Orders Worth 1476 Crore Rupees , Details](https://angelnews.in/ncc-limited-wins-orders-worth-1476-crore-rupees-details/): India : In February 2024, NCC Limited secured two new orders totaling ₹476.01 Crores (excluding GST). Among these, one order worth ₹1303.70 Crores pertains to the Transportation Division. This particular order, valued at ₹1303.70 Crores, represents NCC&#8217;s share (50%) of a larger order amounting to ₹2607.39 Crores received by the J.Kumar-NCC Joint Venture. The second order, amounting to ₹172.31 Crores, is associated with the Building Division. These orders were obtained from State Government agencies and do not include any internal orders. The contracts awarded, detailed in the enclosure, need to be executed within a time span of 12 to 42 months [&hellip;]
- [HCL Technologies Introduces FlexSpace 5G in Collaboration With Verizon Business](https://angelnews.in/hcl-technologies-introduces-flexspace-5g-in-collaboration-with-verizon-business/): NEW YORK | NOIDA : HCL Technologies, a prominent global technology company, has partnered with Verizon Business to introduce FlexSpace 5G. This innovative digital workplace experience-as-a-service enhances efficiency and security for businesses worldwide. Fueled by Verizon&#8217;s secure and reliable network alongside HCLTech&#8217;s top-tier hardware partnerships, this offering marks a substantial advancement for HCLTech FlexSpace, catering to the complete workplace experience value chain. It facilitates a seamless shift to a digital workplace for employees across all categories, whether stationed at their desks, working remotely, on-the-go, or on the frontline. HCLTech FlexSpace 5G benefits : It offers &#8216;Experience-as-a-service&#8217; to facilitate end-to-end device life [&hellip;]
- [Rishabh Instruments Subsidiary Lumel S.A. Wins European Union Project for Co-Financing](https://angelnews.in/rishabh-instruments-subsidiary-lumel-s-a-wins-european-union-project-for-co-financing/): Poland : Rishabh Instruments Limited&#8217;s Material Subsidiary, Lumel S.A., located in Zielona Gora, Poland, has been awarded a project to develop innovative control and protection devices for strategic areas of the energy industry. The project also involves the development of innovative technology for their production, utilizing a fully automated production process and ensuring quality control of devices. This initiative is supported by European Funds for a Modern Economy Program, Priority 1, under proposals FENG.01.01-IP.01-003E/23 and FENG.01.01-IP.01-001/23 &#8211; SMART Path. The project is scheduled to be executed over the next three years. This project, titled &#8220;Development of Innovative Control and Protection Devices [&hellip;]
- [Karnataka Bank Inaugurates 15 New Branches and Unveils an Updated Corporate Website](https://angelnews.in/karnataka-bank-inaugurates-15-new-branches-and-unveils-an-updated-corporate-website/): Karnataka, India : The private sector lender, Karnataka Bank, marked its 100th Founders&#8217; Day on February 18, 2024. In celebration of this significant milestone, the bank inaugurated 15 new branches nationwide. Additionally, as part of the centenary festivities, the bank unveiled its redesigned corporate website. The 15 new branches are strategically located across various regions of the country at the following locations:  Kalyan East, Maharashtra  Talegaon-Dabhade, Maharashtra  Faridabad-NIT, Haryana  Visakhapatnam-PM Palem, Andhra Pradesh  Hanamkonda, Telangana  Thathaguni, Karnataka  Kalaburagi-Airport Road, Karnataka  Vemagal, Karnataka  Pandavapura, Karnataka  Akkialur, Karnataka Ramanakoppa, Karnataka  Konandur, Karnataka Gondichatanahalli, Karnataka  Muchur, Karnataka  Sarve, Karnataka Shri Srikrishnan H, Managing Director [&hellip;]
- [Happiest Minds Collaborates with Secureworks to Provide Cutting-Edge XDR Services](https://angelnews.in/happiest-minds-collaborates-with-secureworks-to-provide-cutting-edge-xdr-services/): San Jose | London | Bengaluru : Happiest Minds Technologies Limited has revealed its participation in the Secureworks Global MSSP Partner program. This move comes in response to the increasing customer need for Extended Detection and Response (XDR) services worldwide. As organizations across various sectors grapple with numerous cybersecurity challenges in their efforts to effectively manage cyber risks, one of the most significant issues is the rapidly decreasing dwell times, now averaging less than 24 hours. This emphasizes the crucial importance of response speed. However, the cybersecurity field is currently facing a severe skills shortage, which hampers security teams&#8217; ability to [&hellip;]
- [Mphasis has Introduced DeepInsights Doc AI, a Cognitive Intelligence Platform Driven by Generative AI](https://angelnews.in/mphasis-has-introduced-deepinsights-doc-ai-a-cognitive-intelligence-platform-driven-by-generative-ai/): Bengaluru :  Today, Mphasis has unveiled DeepInsights Doc AI, an intelligent document processing solution fueled by generative AI. With this platform, Mphasis aims to assist enterprise clients in extracting context-specific information from documents, irrespective of their format or layout. This information can then be seamlessly integrated with downstream IT systems to generate actionable insights. DeepInsights Doc AI provides a customized LLM (Large Language Model) solution tailored to meet the specific document processing needs of enterprises. It encompasses Information Extraction, Information Discovery, Context-Aware Search, and Insight Generation with Recommendations. This solution offers the flexibility of being self-hosted within the enterprise cloud infrastructure, [&hellip;]
- [Suzlon has Secured an Order for 30 MW Within its 3 MW Series From EDF Renewables](https://angelnews.in/suzlon-has-secured-an-order-for-30-mw-within-its-3-mw-series-from-edf-renewables/): Pune, India : Today, Suzlon Group, India&#8217;s foremost provider of renewable energy solutions, revealed a fresh order acquisition for the construction of a 30 MW wind power project on behalf of EDF Renewables. Suzlon is set to deploy 10 wind turbine generators (WTGs) featuring Hybrid Lattice Tubular (HLT) towers, each with a rated capacity of 3 MW. This project is situated in Gujarat. Key Points : Providing 10 wind turbines, each with a rated capacity of 3 MW The project, located in Gujarat, will have a total installed capacity of 30 MW Electricity generated from the project will be supplied to [&hellip;]
- [NTPC Green Energy Limited Partners With MAHAGENCO to Develop Renewable Energy Parks in Maharashtra](https://angelnews.in/ntpc-green-energy-limited-partners-with-mahagenco-to-develop-renewable-energy-parks-in-maharashtra/): Maharashtra : NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC Limited, has forged a Joint Venture Agreement with Maharashtra State Power Generation Company Limited (MAHAGENCO) for the development of Renewable Energy Parks in Maharashtra. The envisioned company resulting from this collaboration will focus on establishing gigawatt-scale renewable energy parks and executing projects of such magnitude in a phased manner. This agreement reflects NTPC&#8217;s commitment to green energy objectives and contributes to the Government of India&#8217;s endeavors toward energy transition. The Joint Venture Agreement was formalized at NTPC headquarters in New Delhi on February 28, 2024, witnessed by senior [&hellip;]
- [CDSL Has Invested Further In ONDC](https://angelnews.in/cdsl-has-invested-further-in-ondc/): India : CDSL has allocated Rs. 10 Crores (equivalent to Ten crore rupees) for share application in ONDC through the subscription of 10,00,000 equity shares priced at Rs. 100 each. Central Depository Services (India) Limited (CDSL) communicated through its letter numbered CDSL/CS/NSE/AJ/2024/36 dated February 12, 2024, regarding the approval granted by the Securities and Exchange Board of India (SEBI) for additional investment in ONDC. The indicative timeframe stipulated for the completion of the allotment of shares spans a duration of 60 days from the date of remittance. It is anticipated that following the further investment, the approximate percentage of shareholding held [&hellip;]
- [Reliance and Disney Unveil Plans for a Strategic Joint Venture, Details](https://angelnews.in/reliance-and-disney-unveil-plans-for-a-strategic-joint-venture-details/): Burbank | Mumbai  : Reliance Industries Limited, Viacom18 Media Private Limited, and The Walt Disney Company have announced the signing of binding definitive agreements to establish a joint venture merging the businesses of Viacom18 and Star India. Under the transaction, Viacom18&#8217;s media assets will be integrated into Star India Private Limited through a court-approved scheme of arrangement. The companies will merge their respective digital streaming and television assets in India to establish a world-class leader in entertainment and sports. Reliance plans to invest ₹11,500 crore in the Joint Venture, while Disney will provide Content License to the Joint Venture. The transaction [&hellip;]
- [LTIMindtree Collaborates with IBM to Advance the Quantum Innovation Ecosystem](https://angelnews.in/ltimindtree-collaborates-with-ibm-to-advance-the-quantum-innovation-ecosystem/): Mumbai, India : LTIMindtree, a global technology consulting and digital solutions company, has announced its membership in the IBM Quantum Network. This partnership aims to explore quantum computing innovation for the benefit of its global clientele across various industries. Notably, LTIMindtree is the first Indian Global System Integrator (GSI) to join the IBM Quantum Network. Additionally, LTIMindtree will collaborate with the Indian Institute of Technology (IIT) Madras, an IBM Quantum Innovation Center, on joint quantum research and workforce development initiatives. Scott Crowder, Vice President of IBM Quantum Adoption and Business Development, expressed enthusiasm about welcoming LTIMindtree into the IBM Quantum Network. [&hellip;]
- [Bajaj Healthcare Limited has Entered into a CDMO Agreement for 15 Active Pharmaceutical Ingredients (APIs) with Customers in the UK and EU](https://angelnews.in/bajaj-healthcare-limited-has-entered-into-a-cdmo-agreement-for-15-active-pharmaceutical-ingredients-apis-with-customers-in-the-uk-and-eu/): India : Bajaj Healthcare Ltd., a leading manufacturer of APIs, Intermediates, and Formulations, is pleased to announce its entry into a definitive Contract Development and Manufacturing Organization (CDMO) agreement with esteemed UK/EU-based customers for the supply of 15 Active Pharmaceutical Ingredients (APIs). Under this agreement, BHL will be responsible for the development and supply of these molecules, exclusively manufactured for its clientele. These APIs encompass a diverse range of compounds, including off-patent generics and molecules soon to be off-patent. The execution of the CDMO agreement will leverage BHL&#8217;s in-house R&amp;D and manufacturing capacities located at Savli Vadodara, Gujarat. Mr. Anil Jain, [&hellip;]
- [Intellect Design's Insurtech and Wealthtech brand, IntellectAI, Introduces Groundbreaking Technology](https://angelnews.in/intellect-designs-insurtech-and-wealthtech-brand-intellectai-introduces-groundbreaking-technology/): Piscataway ,New Jersey : Today, IntellectAI, the Insurtech and Wealthtech brand of Intellect Design Arena, has unveiled the world’s first no-touch loss run extraction technology. Powered by Gen AI and built on Intellect’s eMACH.ai architecture, this groundbreaking technology harnesses the capabilities of Large Language Models to extract data from loss runs instantly. Achieving over 95% accuracy across all document formats, including handwritten notes, Excel sheets, images, and PDFs, this innovation marks a significant advancement in the industry. Loss runs exhibit varying formats and structures depending on the carrier, rendering them more complex and challenging for AI models to accurately read and [&hellip;]
- [HAS International Goes Live with Ramco Aviation M&E MRO Suite](https://angelnews.in/has-international-goes-live-with-ramco-aviation-me-mro-suite/): Anaheim, USA : Global aviation software provider Ramco Systems has announced the successful implementation of its Aviation M&amp;E MRO Suite V5.9 at HAS International Sdn. Bhd. (“HAS”), Malaysia’s prominent provider of offshore helicopter services for the oil and gas sector. The suite includes modules for CAMO, Production, Flight Management, Supply Chain, and Finance, empowering HAS International to streamline their CAMO operations, track flights, and manage Power-by-the-Hour (PBH). Moreover, leveraging its digital enablers, Ramco will further enhance operational efficiencies for HAS International. Hasery Bakar, Managing Director of HAS International Sdn. Bhd., remarked, “We are pleased to announce the successful go-live of Ramco [&hellip;]
- [Airtel Transitions to Using Recycled PVC SIM Cards Through a Partnership With IDEMIA](https://angelnews.in/airtel-transitions-to-using-recycled-pvc-sim-cards-through-a-partnership-with-idemia/): Gurugram , India : Bharti Airtel (“Airtel”), a prominent telecommunications service provider in India, has partnered with IDEMIA Secure Transactions to announce the transition from virgin plastic to recycled PVC SIM cards. This initiative aligns with the company’s dedication to promoting the adoption of circular business practices. IDEMIA Secure Transactions, a division of the IDEMIA Group, is a renowned provider of payment and connectivity solutions for financial institutions, mobile network operators, and automotive manufacturers. Airtel achieves an industry first in India by becoming the sole telecommunications service provider to transition to recycled plastic SIM cards. This migration is projected to curtail [&hellip;]
- [EaseMyTrip and Zaggle Form a Strategic Partnership to Revolutionize Travel and Expense Management](https://angelnews.in/easemytrip-and-zaggle-form-a-strategic-partnership-to-revolutionize-travel-and-expense-management/): New Delhi : EaseMyTrip, a prominent travel technology platform in India, has revealed a strategic collaboration with Zaggle Prepaid Ocean Services Limited, a SaaS FinTech company offering spend management products and solutions to corporates. Together, they aim to provide integrated travel and expense management solutions. EaseMyTrip&#8217;s corporate clients will now enjoy seamless access to Zaggle&#8217;s EMS platform, offering end-to-end travel and expense management solutions. This includes everything from booking flights, hotels, and other travel arrangements to efficiently managing the expense process incurred during travel. The integration of travel booking functionality with expense reporting capabilities through this partnership results in a streamlined [&hellip;]
- [Flyr Partners With RateGain to Offer Hoteliers With a Solution For AI‐Driven Rate Optimization](https://angelnews.in/flyr-partners-with-rategain-to-offer-hoteliers-with-a-solution-for-ai%e2%80%90driven-rate-optimization/): Dallas : RateGain Travel Technologies Limited (RateGain), a worldwide provider of SaaS solutions for travel and hospitality, has announced a global partnership with FLYR, a travel technology provider powered by AI. This collaboration combines RateGain&#8217;s channel management and distribution solutions with FLYR&#8217;s AI-powered Revenue Optimization System (RMS) to assist hotels in enhancing their revenue. Through this partnership, hotels using Flyr will gain access to a comprehensive, integrated system, eliminating the need to navigate multiple or disjointed platforms. This streamlines operations, enhances efficiency, and reduces operational costs, all while delivering precise and valuable insights. The commercial teams will have seamless access to [&hellip;]
- [Tata Elxsi and Telefonica Collaborate to Revolutionize Telecommunications Through Cloud-Native Infrastructure Management](https://angelnews.in/tata-elxsi-and-telefonica-collaborate-to-revolutionize-telecommunications-through-cloud-native-infrastructure-management/): Barcelona | Bengaluru : Tata Elxsi and Telefonica unveiled a groundbreaking achievement in automating cloud infrastructure for telecommunications. They have successfully implemented true cloud-native infrastructure management powered by ETSI Open-Source MANO (ETSI OSM). This milestone signifies a significant evolution in network management, empowering operators to construct intent-driven network systems with unparalleled efficiency and agility. Through this collaboration, Tata Elxsi and Telefonica have bolstered the capabilities of OSM, introducing innovative features such as infrastructure automation, serverless operations execution environments, and the deployment of multi-cloud Platform-as-a-Service (PaaS) solutions. These advancements herald a new era in the evolution of Telco Cloud technologies and underscore [&hellip;]
- [Angel One Has Been Chosen as the Associate Partner For the Indian Premier League](https://angelnews.in/angel-one-has-been-chosen-as-the-associate-partner-for-the-indian-premier-league/): India : The Board of Control for Cricket in India (BCCI) has awarded the Angel One the prestigious role of Associate Partner for the Indian Premier League (IPL), securing a contractual agreement for a duration of 5 years, from 2024 to 2028. This significant collaboration signifies a long-term commitment between the Company and the IPL, highlighting mutual interests and objectives in promoting cricket and enhancing the overall sporting experience. The forthcoming days will see the completion of all necessary contractual documentation, solidifying the partnership and paving the way for fruitful cooperation in the years ahead.
- [PVR INOX Re-Opens 4-Screen Multiplex Iconic Sangam Cinema In Mumbai](https://angelnews.in/pvr-inox-re-opens-4-screen-multiplex-iconic-sangam-cinema-in-mumbai/): Mumbai , India : PVR INOX, India&#8217;s largest and most esteemed cinema exhibitor, has unveiled the reopening of the legendary Sangam cinema located in Andheri East, Mumbai. The newly refurbished Sangam, now a cutting-edge 4-screen multiplex, underscores PVR INOX&#8217;s dedication to transforming cinemas into the preferred out-of-home entertainment destinations nationwide. This latest addition strengthens PVR INOX&#8217;s footprint in Mumbai, bringing its tally to 25 properties and 123 screens in the city. The launch of Sangam cinema further solidifies PVR INOX&#8217;s presence in Maharashtra, boasting a total of 257 screens across 54 properties in the state. Moreover, in the western region, PVR [&hellip;]
- [Happiest Minds Introduces a New Organizational Structure with Verticalization](https://angelnews.in/happiest-minds-introduces-a-new-organizational-structure-with-verticalization/): Bengaluru | San Jose | London : Today, Happiest Minds Technologies Limited (NSE:HAPPSTMNDS), a company known for being &#8220;Born Digital. Born Agile&#8221; and specializing in digital transformation and IT solutions, unveiled its revamped organizational structure. This includes the introduction of six new Industry Groups (IG): Industrial Manufacturing, and Energy &amp; Utilities Healthcare &amp; Life Sciences Retail Consumer Packaged Goods (CPG), and Logistics Banking, Financial Services, and Insurance (BFSI) Hi-Tech and Media &amp; Entertainment EdTech Ashok Soota, Executive Chairman, expressed, &#8220;The potential of this new structure is immense and will serve as the foundation for new growth engines. It will enable us [&hellip;]
- [Route Mobile Limited and Billeasy are Teaming up to Revolutionize Metro Ticketing Using RCS Business Messaging](https://angelnews.in/route-mobile-limited-and-billeasy-are-teaming-up-to-revolutionize-metro-ticketing-using-rcs-business-messaging/): Pune , India : Route Mobile Limited, a prominent cloud communication platform provider for enterprises, over-the-top (OTT) players, and mobile network operators (MNO), has joined forces with Billeasy E Solutions Private Limited, an integration partner based in Mumbai. Together, they aim to introduce a pioneering ticket purchase experience through Rich Communication Services (RCS) Business Messaging for Maha Metro Pune. This innovative solution is designed to streamline and improve the process of buying metro tickets, providing commuters with a smooth and efficient journey. Through this strategic partnership, users will enjoy the convenience of purchasing Maha Metro Pune e-tickets directly via RCS Messages [&hellip;]
- [JSW Neo Energy Limited Has Been Awarded a Letter of Award (LOA) by SJVN Limited for a 700 MW Solar Capacity Project](https://angelnews.in/jsw-neo-energy-limited-has-been-awarded-a-letter-of-award-loa-by-sjvn-limited-for-a-700-mw-solar-capacity-project/): Mumbai, India : JSW Neo Energy Limited (JSW Neo), a wholly owned subsidiary of JSW Energy Limited, has obtained a Letter of Award (LoA) from SJVN Limited for a 700 MW solar capacity project connected to the Inter-State Transmission System (ISTS). This award comes from a Tariff-based Competitive Bid tender initiated by SJVN Limited for establishing 1,500 MW ISTS-connected Solar Power Projects. After securing the 700 MW capacity from SJVN Ltd, the Company&#8217;s total committed capacity rises to 11.0 GW, including 1.4 GW of solar capacity. The project is mandated to deliver power at the full contracted capacity within 24 months [&hellip;]
- [Multi Commodity Exchange (MCX) and Jakarta Futures Exchange (JFX) have Entered into a MOU to Facilitate Knowledge Sharing](https://angelnews.in/multi-commodity-exchange-mcx-and-jakarta-futures-exchange-jfx-have-entered-into-a-memorandum-of-understanding-mou-to-facilitate-knowledge-sharing/): Jakarta | Mumbai : The Multi Commodity Exchange of India Ltd. (MCX), India’s largest exchange in the Commodity Derivatives Market segment, and the Jakarta Futures Exchange (JFX) (i.e., PT. Bursa Berjangka Jakarta), the largest exchange in the Commodity and Derivatives market in Indonesia, have entered into a Memorandum of Understanding (MoU) to enhance collaboration in key areas, including knowledge sharing, research, education, training, awareness creation, and other market development initiatives. The MoU was formalized on February 26, 2024, at the MCX headquarters in Mumbai. Mr. P. S. Reddy, MD &amp; CEO of MCX, and Mr. Stephanus Paulus Lumintang, President Director of [&hellip;]
- [Tanla Platforms launches Trubloq.ai, which uses generative AI](https://angelnews.in/tanla-platforms-launches-trubloq-ai-which-uses-generative-ai/): Hyderabad , India : Tanla, a prominent player in the SMS DLT scrubbing market, has introduced Trubloq.ai, utilizing generative AI to enhance the trusted Trubloq experience. Trubloq.ai offers assistance to enterprises, telecommunications companies, regulators, and users in various ways. For instance, it reduces registration time for headers and templates by 80-90% through content recommendations and automatic approvals, establishes a centralized portal for cleaning up all digital assets while ensuring 100% compliance, enhances user protection through intelligent compliance suggestions and whitelisted CTAs, and provides numerous other benefits. Trubloq.ai harnesses generative AI to achieve a 10-15% reduction in enterprise SMS costs via template [&hellip;]
- [The Government of India has Sanctioned Interest-free loans for FCV Tobacco Growers in Andhra Pradesh](https://angelnews.in/the-government-of-india-has-sanctioned-interest-free-loans-for-fcv-tobacco-growers-in-andhra-pradesh/): Andhra Pradesh : Flue Cured Virginia (FCV) Tobacco is mainly produced in India in 2 states, Andhra Pradesh and Karnataka. Currently crop season is going in Andhra Pradesh, which has 42,915 FCV tobacco growers and auctions are going on in Karnataka which has 39,552 FCV tobacco growers. Between December 3rd and 5th, 2023, Cyclone MICHAUNG brought heavy rains to Andhra Pradesh. The FCV (Flue-Cured Virginia) tobacco crop in several districts including Eluru, East Godavari, Kakinada, Prakasam, Nellore, Bapatla, Palnadu, and Guntur suffered severe damage as a result of these cyclonic rains. Approximately 20% of the total planted area, accounting for 14,730 [&hellip;]
- [Wipro and Nokia have Collaborated to Introduce a Joint 5G Private Wireless Solution](https://angelnews.in/wipro-and-nokia-have-collaborated-to-introduce-a-joint-5g-private-wireless-solution/): Helsinki | Bengaluru : Wipro Limited , a prominent technology services and consulting firm, has unveiled a collaborative private wireless solution with Nokia (NYSE: NOK) aimed at aiding enterprises in amplifying their digital transformation efforts. This collaborative solution will furnish enterprises with a heightened level of security through a 5G private wireless network seamlessly integrated with their operational infrastructure. The solution promises enhanced reliability, mobility, connectivity speed, real-time access to business insights, and the capability to handle large volumes of data with minimal latency. By leveraging a dedicated wireless network, enterprises can establish an integrated private environment under their control, thereby [&hellip;]
- [Ericsson has Reached a Significant Milestone by Deploying 100,000 Massive MIMO 5G Radios for Airtel](https://angelnews.in/ericsson-has-reached-a-significant-milestone-by-deploying-100000-massive-mimo-5g-radios-for-airtel/): India : Ericsson (NASDAQ: ERIC) has announced the successful deployment of 100,000 Massive MIMO 5G radios for Bharti Airtel across its 12 circles, achieved within a record time of over 500 days. Airtel has utilized energy-efficient Ericsson Radio System products and solutions from Ericsson’s 5G Radio Access Network (RAN) and MINI-LINK (microwave) mobile transport portfolios. Nunzio Mirtillo, Senior Vice President and Head of Market Area Southeast Asia, Oceania &amp; India, states, &#8220;The successful deployment of 100,000 Ericsson 5G radios demonstrates our shared commitment to innovation, speed, and service quality. We remain dedicated to supporting Airtel in delivering a superior 5G experience [&hellip;]
- [Prime Minister Modi Inaugurates the Genesys Digital Twin Map Stack in Varanasi](https://angelnews.in/prime-minister-modi-inaugurates-the-genesys-digital-twin-map-stack-in-varanasi/): Varanasi , India : Prime Minister Narendra Modi has taken a significant stride in modernizing Varanasi&#8217;s infrastructure and tackling urban challenges by inaugurating the Digital Twin initiative in his constituency. The honor was bestowed upon mapping pioneer Genesys International Corporation. Genesys International Corporation Ltd, in partnership with Varanasi Smart City Limited (VSCL), is commencing the deployment of a 3D Digital Twin spanning an extensive area of 160 square kilometers. Utilizing the Genesys New India Map stack, this initiative seeks to construct a precise 3D model of Varanasi, encompassing its geographical attributes, operational processes, and interconnections. The contract for this project amounts [&hellip;]
- [TVS Motor Company Has Crossed the Milestone of 3.5 MN Customers in International Markets](https://angelnews.in/tvs-motor-company-has-crossed-the-milestone-of-3-5-mn-customers-in-international-markets/): Bengaluru , India : TVS Motor Company (TVSM), a prominent global automaker specializing in the two and three-wheeler segments, has announced a significant milestone with its best-selling TVS HLX line of two-wheelers surpassing 3.5 million customers in international markets. Initially introduced in Africa a decade ago, the TVS HLX line is now available in 50 countries spanning Latin America, Africa, and Asia. In appreciation of its customers, the company has launched the TVS HLX 150F, featuring the powerful yet efficient ecothrust engine, enhanced safety features, superior suspension, and refreshed styling with new graphics and vibrant colors. The TVS HLX 150F is [&hellip;]
- [Intellect Design Arena Announced The Successful Implementation of its Advanced CTX Platform by Societe Generale in France](https://angelnews.in/intellect-design-arena-announced-the-successful-implementation-of-its-advanced-ctx-platform-by-societe-generale-in-france/): France | London (UK) : Intellect Global Transaction Banking (iGTB), a transaction banking specialist within Intellect Design Arena Ltd, has revealed the successful implementation of its advanced Corporate Treasury eXchange (CTX) platform, powered by eMACH.ai architecture, in France by Société Générale, one of the leading European financial services groups. CTX offers a comprehensive array of tools designed for corporate treasurers, enabling them to automate real-time liquidity management across various accounts, currencies, banks, and geographies. The platform streamlines the movement of cash balances, ensuring corporate clients benefit from an optimal cash pooling experience. From enhancing visibility and forecasting to automating sweeping and [&hellip;]
- [Commuters Traveling on India's First Underwater Metro in Kolkata Will Enjoy Uninterrupted Connectivity Provided by Airtel](https://angelnews.in/commuters-traveling-on-indias-first-underwater-metro-in-kolkata-will-enjoy-uninterrupted-connectivity-provided-by-airtel/): Kolkata , India : Today, Bharti Airtel, a leading telecommunications service provider in India, has unveiled its groundbreaking initiative to ensure uninterrupted connectivity for metro commuters. The company has deployed high-capacity nodes 35 meters below the river Hooghly. Airtel&#8217;s investment in this infrastructure precedes the commercial launch of the service, anticipated to occur soon. With this move, Airtel becomes the first operator to provide seamless connectivity along the 4.8km stretch in Kolkata’s East-West Metro corridor, linking Howrah Maidan with the Esplanade. In order to enable this innovative service, Airtel has established fiber connections along the 4.8-km stretch connecting Howrah Maidan, Howrah [&hellip;]
- [L&T Construction Has Won a Significant Order to Build the Jakarta Mass Rapid Transit Project](https://angelnews.in/lt-construction-has-won-a-significant-order-to-build-the-jakarta-mass-rapid-transit-project/): Jakarta , Indonesia : L&amp;T Construction&#8217;s Railways Strategic Business Group has secured a notable contract to construct the Jakarta Mass Rapid Transit (MRT) Project (Phase 2A), known as Contract Package CP205, for MRT Jakarta in partnership with Sojitz Corporation. This marks L&amp;T&#8217;s first EPC Railway Systems Order in the ASEAN region. The Jakarta MRT Phase 2A entails extending the current Jakarta MRT Line from Bundaran HI to Kota, covering approximately 12.5 km with seven underground stations included. This package encompasses the procurement and delivery of multiple systems across diverse domains on a design and build basis, including overall system integration. The [&hellip;]
- [EaseMyTrip Has Entered Jalgaon and Opened its Store in the City, Signifying its Expansion](https://angelnews.in/easemytrip-has-entered-jalgaon-and-opened-its-store-in-the-city-signifying-its-expansion/): India : EaseMyTrip.com, a prominent player in India&#8217;s online travel technology sector, is delighted to declare the opening of its inaugural brick-and-mortar store in Jalgaon, Maharashtra. This inauguration marks the company&#8217;s 12th franchise store, underscoring its commitment to merging online convenience with offline accessibility to provide customers with a more personalized experience. Situated at Shop No. 32, 1st Basement, City Survey No. 2125/7, Sant Baba Hardasram Market, Jalgaon 425001, the new outlet is strategically located in a vibrant area to meet the travel requirements of local and regional customers. With contemporary aesthetics mirroring EaseMyTrip&#8217;s brand identity, the store offers a memorable [&hellip;]
- [DreamFolks and Looks Salon have Joined Hands to Provide Exclusive Beauty and Grooming Services](https://angelnews.in/dreamfolks-and-looks-salon-have-joined-hands-to-provide-exclusive-beauty-and-grooming-services/): New Delhi, India : DreamFolks, a prominent airport and travel services aggregator in India, has formed a partnership with Looks Salon, a distinguished brand in the Indian beauty and grooming sector. This collaboration marks DreamFolks&#8217; expansion into the lifestyle services domain, broadening its range of offerings beyond travel-related services. By introducing beauty and grooming services, DreamFolks aims to enhance its customer loyalty programs, thereby increasing the value it offers to its clientele. The expansion to Looks Salon&#8217;s extensive network of over 200 outlets across the country will enable customers of DreamFolks Clients and members of the DreamFolks Club to access a [&hellip;]
- [SJVN Green Energy Limited has Signed the Power Usage Agreement with Jammu & Kashmir Power Corporation Limited](https://angelnews.in/sjvn-green-energy-limited-has-signed-the-power-usage-agreement-with-jammu-kashmir-power-corporation-limited/): India : SJVN Green Energy Limited (&#8220;SGEL&#8221;), a wholly owned subsidiary of SJVN Limited, has entered into a Power Usage Agreement (PUA) with Jammu &amp; Kashmir Power Corporation Limited (JKPCL) in Jammu on February 23, 2024, for a solar power capacity of 300 MW. Additionally, the 300 MW power will be sourced to JKPCL from the ongoing 1,000 MW Bikaner Solar project, currently under development as part of the CPSU Scheme by IREDA, at an expenditure of ₹5,491 Crores. This project is being executed under the Domestic Content Requirement (DCR) mode and is scheduled for completion by July 2024. The power [&hellip;]
- [Skipper Limited Secures a New Order Worth Rs. 737 Crores From the Power Grid Corporation of India Limited (PGCIL)](https://angelnews.in/skipper-limited-secures-a-new-order-worth-rs-737-crores-from-the-power-grid-corporation-of-india-limited-pgcil/): Kolkata, India : Skipper Limited (BSE: 538562) and NSE (Symbol: SKIPPER) is globally renowned as a top manufacturer of Power Transmission &amp; Distribution structures, as well as a prominent producer of Telecom structures and Polymer Pipes products. In a recent announcement, the company shared its latest achievement of securing a new order worth Rs.737 crores. This order entails the Design, Supply, and Construction of a new 765 kV Transmission Line Project for Power Grid Corporation of India Limited (PGCIL). In response to the announcement, Mr. Sharan Bansal, Director of Skipper Limited, expressed satisfaction, stating, &#8220;We are pleased to highlight our most [&hellip;]
- [PM Narendra Modi Will Lay the Foundation Stone, Inaugurate, and Dedicate Over 2000 Railway Infrastructure Projects Valued at Rs. 41,000 crores](https://angelnews.in/pm-narendra-modi-will-lay-the-foundation-stone-inaugurate-and-dedicate-over-2000-railway-infrastructure-projects-valued-at-rs-41000-crores/): India : On the 26th of February at 12:30 PM, Prime Minister Shri Narendra Modi will lay the foundation stone, inaugurate, and dedicate to the nation approximately 2000 railway infrastructure projects valued at more than Rs. 41,000 crores via video conferencing. The Prime Minister will initiate the foundation stone laying ceremony for the redevelopment of 553 railway stations under the Amrit Bharat Station Scheme. Spanning across 27 States and Union Territories, these stations will undergo redevelopment at a cost exceeding Rs. 19,000 crores. These stations will serve as &#8216;City Centres,&#8217; seamlessly integrating both halves of the city. They will feature modern [&hellip;]
- [PLATINUM INDUSTRIES LIMITED IPO Opens On 27 Feb 2024 : Company Profile, GMP, Price, Financial Details](https://angelnews.in/platinum-industries-limited-ipo-opens-on-27-feb-2024-company-profile-gmp-price-financial-details/): PLATINUM INDUSTRIES LIMITED IPO Platinum Industries Limited Company Profile : Platinum Industries Limited is a diversified company involved in the production of stabilizers, operating within the specialty chemicals sector. Its product portfolio comprises PVC stabilizers, CPVC additives, and lubricants. These products cater to various applications such as PVC pipes, profiles, fittings, electrical wires and cables, SPC floor tiles, rigid PVC foam boards, packaging materials, and more. As per the CRISIL Report, Platinum Industries Limited ranks as the third largest PVC stabilizer manufacturer in the domestic market, boasting approximately a 13.00% market share in terms of sales for the financial year 2022-23. [&hellip;]
- [EXICOM TELE-SYSTEMS LIMITED IPO Opens On 27 Feb 2024 : Company Profile, GMP, Price, Financial Details](https://angelnews.in/exicom-tele-systems-limited-ipo-opens-on-27-feb-2024-company-profile-gmp-price-financial-details/): EXICOM TELE-SYSTEMS LIMITED IPO Exicom Tele-Systems Limited Company Profile : Established in 1994, Exicom Tele-Systems Limited is a power management solutions provider based in India. The company operates in two business verticals. First Business vertical : critical power solutions business, Exicom designs, manufactures, and services DC Power Systems and Li-ion based energy storage solutions. This segment aims to enhance overall energy management at telecommunications sites and enterprise environments both in India and internationally, known as the &#8220;Critical Power Business.&#8221; Second Business vertical : electric vehicle supply equipment (EV Charger(s)) solutions business, Exicom provides smart charging systems with innovative technology for residential, [&hellip;]
- [Zydus Lifesciences Obtains WHO Prequalification for Miltefosine Formulation and its Active Pharmaceutical Ingredient (API), Details](https://angelnews.in/zydus-lifesciences-obtains-who-prequalification-for-miltefosine-formulation-and-its-active-pharmaceutical-ingredient-api-details/): Ahmedabad, India : Zydus Lifesciences Limited has been granted WHO prequalification approval for both the Active Pharmaceutical Ingredient (API) and formulation of the crucial drug used in treating Leishmaniasis, known as &#8216;Miltefosine&#8217;. This inclusion of Miltefosine in the WHO&#8217;s prequalification list will significantly enhance global accessibility to the drug. Leishmaniasis stems from protozoan parasites transmitted through the bite of infected female phlebotomine sandflies. It predominantly impacts some of the most economically disadvantaged populations globally, often linked with factors such as malnutrition, population displacement, inadequate housing, weakened immune systems, and limited financial resources. As per the World Health Organization (WHO), there exist [&hellip;]
- [PM Narendra Modi Inaugurates and Lays the Foundation Stone for Several Pivotal Initiatives Within the Cooperative Sector](https://angelnews.in/pm-narendra-modi-inaugurates-and-lays-the-foundation-stone-for-several-pivotal-initiatives-within-the-cooperative-sector/): India : Today, Prime Minister Shri Narendra Modi inaugurated and laid the foundation stone for various significant initiatives within the cooperative sector at Bharat Mandapam, New Delhi. Among these, he inaugurated the pilot project of the &#8216;World&#8217;s Largest Grain Storage Plan in Cooperative Sector&#8217;, which encompasses 11 Primary Agricultural Credit Societies (PACS) across 11 States. The Prime Minister laid the foundation stone for an additional 500 Primary Agricultural Credit Societies (PACS) nationwide, aiming for the construction of godowns and other agricultural infrastructure as part of this initiative. This initiative aims to seamlessly integrate PACS godowns with the food grain supply chain, [&hellip;]
- [Dixon Technologies has Revealed the Inauguration of a New Manufacturing Facility in Dehradun, Uttarakhand](https://angelnews.in/dixon-technologies-has-revealed-the-inauguration-of-a-new-manufacturing-facility-in-dehradun-uttarakhand/): Dehradun, Uttarakhand : Dixon Technologies (India) Limited, a leading player in the electronic manufacturing services (EMS) industry in India, has declared the establishment of its latest manufacturing facility at Plot No. C-8, SIDCUL Industrial Area Selaqui, Dehradun, Uttarakhand, on February 23, 2024. This fresh manufacturing site in Dehradun signifies Dixon&#8217;s path of advancement and its dedication to fostering economic progress, improving infrastructure, and promoting social welfare. The manufacturing facility in Dehradun is anticipated to create job openings for over 1000 individuals and showcases an annual production capacity of 2.4 million washing machines. This factory is positioned to invigorate local enterprises, entice [&hellip;]
- ['Exblifep,' a Product Developed by Orchid Pharma Has Been Granted Approval by USFDA, Share Price Rallied 6%](https://angelnews.in/exblifep-a-product-developed-by-orchid-pharma-has-been-granted-approval-by-usfda-share-price-rallied-6/): India : Orchid Pharma, headquartered in Chennai, India, has been granted approval by the United States Food and Drug Administration (USFDA) for its groundbreaking innovation, &#8216;Enmetazobactam.&#8217; This achievement closely follows the recent endorsement for approval by the European Medicines Agency (EMA). Notably, Enmetazobactam stands as the first Beta Lactamase Inhibitor entirely developed in India. Orchid Pharma has made history by becoming the first Indian company to invent a product approved under the New Drug Application (NDA) process by the US Food and Drug Administration (USFDA). Additionally, Exblifep received approval from the European Medicines Agency in January 2024. The approval from the [&hellip;]
- [Intellect Design Announces the Launch of Technology Suite eMACH.ai For bankers In Middle East and Africa](https://angelnews.in/intellect-design-announces-the-launch-of-technology-suite-emach-ai-for-bankers-in-middle-east-and-africa/): Dubai, UAE : Intellect Design Arena Ltd, a forward-looking Financial Technology company specializing in cloud-native solutions for banking and insurance clients worldwide, has introduced its innovative &#8216;First Principles&#8217; Technology suite, eMACH.ai, tailored for tech-savvy bankers in the Middle East and Africa. The eMACH.ai Suite will facilitate the following: Empower banks with 329 Microservices, 1757 APIs, and 535 Events, providing them with the tools to develop future-ready technology solutions. Serve as a Catalyst for Digital and Cognitive Enterprise transformation by leading the shift, with Intellect&#8217;s expertise guiding banks to stay ahead. Encourage financial innovation and redefine the future of financial technology in [&hellip;]
- [Tata Elxsi Has Revealed a Strategic Collaboration With AccuKnox For 5G Managed Security Services](https://angelnews.in/tata-elxsi-has-revealed-a-strategic-collaboration-with-accuknox-for-5g-managed-security-services/): Barcelona | Bengaluru : Tata Elxsi, utilizing its NEURON product suite, has unveiled a strategic alliance with Accuknox, the creator of NIMBUS, an advanced cloud-native security solution. This partnership signifies a notable leap forward in network transformation and security, presenting operators with a comprehensive solution for constructing and safeguarding autonomous networks. NEURON, a distinguished telco automation platform, encompasses a full suite of transformational products crafted to aid operators in establishing autonomous networks. This suite incorporates NEURON Telco Cloud, streamlining the rollout of 5G, and NEURON Dark NOC, which automates 5G NOC operations. Driven by Gen AI, both solutions provide intelligent end-user [&hellip;]
- [Olectra Greentech Has Received Order Worth Rs 4000 Crores From Brihan Mumbai Electric Supply & Transport to Supply 2,400 Electric Buses](https://angelnews.in/olectra-greentech-has-received-order-worth-rs-4000-crores-from-brihan-mumbai-electric-supply-transport-to-supply-2400-electric-buses/): India : Olectra Greentech Limited and Evey Trans Private Limited (&#8220;EVEY&#8221;) have been granted a Letter of Award (&#8220;LOA&#8221;) by Brihan Mumbai Electric Supply &amp; Transport Undertaking (BEST ) for the supply, operation, and maintenance of 2,400 electric buses on a gross cost contract basis. The procurement entails 2,400 electric buses to be supplied under a Gross Cost Contract (GCC) / Operating Expenses (OPEX) model for a 12-year period. EVEY will acquire these buses from Olectra Greentech Limited (&#8220;Olectra&#8221;), with delivery spread over 18 months. Olectra will also handle maintenance for these buses throughout the contract duration. The delivery of these [&hellip;]
- [EaseMyTrip Reveals the Opening of a Fresh Franchise Outlet in Palam Vihar, Gurugram](https://angelnews.in/easemytrip-reveals-the-opening-of-a-fresh-franchise-outlet-in-palam-vihar-gurugram/): New Delhi, India : EaseMyTrip ( EaseMyTrip.com ), a prominent online travel technology platform in India, further advances its strategic growth by ceremoniously launching its newest franchise retail outlet in Gurugram, Haryana. This establishment in Gurugram represents the 11th franchise addition for EaseMyTrip, underscoring its dedication to delivering exceptional travel services through diverse avenues, encompassing both online and offline platforms. Strategically situated at Shop No. 6, Ground Floor of Spanish Court, Palam Vihar (Opp SCR Global School), the Gurugram outlet is ideally positioned to serve the travel needs of local residents. This selection of a prime location underscores EaseMyTrip&#8217;s commitment to [&hellip;]
- [LTIMindtree, in Collaboration With Eurolife FFH, Have Signed a MOU to Establish Gen AI and Digital Hubs Across Europe and India](https://angelnews.in/ltimindtree-in-collaboration-with-eurolife-ffh-have-signed-a-mou-to-establish-gen-ai-and-digital-hubs-across-europe-and-india/): India | Europe : LTIMindtree, a prominent global technology consulting and digital solutions company, have signed a Memorandum of Understanding (MoU) with Eurolife FFH, a leading insurance company based in Athens, Greece, powered by Fairfax Digital Services. The agreement aims to establish a pioneering Gen AI and Digital Hub in Athens, along with dedicated facilities in Poland, Europe, and Mumbai, India. The MoU was signed by Sudhir Chaturvedi, President and Executive Board Member of LTI (Larsen &amp; Toubro Infotech) and Mindtree, Alexandros Sarrigeorgiou, Chairman &amp; CEO of Eurolife FFH Insurance Group, and Sanjay Tugnait, President &amp; Chief Executive Officer of Fairfax [&hellip;]
- [63 moons Technologies Limited Introduces Groundbreaking Technology in the Field of Cybersecurity](https://angelnews.in/63-moons-technologies-limited-introduces-groundbreaking-technology-in-the-field-of-cybersecurity/): India : 63 Moons Technologies Limited, renowned for its pioneering work in next-generation technologies, maintains its tradition of innovation and disruption by venturing into the pivotal domain of cybersecurity. • Introduced CYBX, India&#8217;s inaugural all-encompassing mobile security solution targeting the 800 million mobile phone users market. • Developed 63 SATS, an innovative enterprise solution tailored to safeguard digital infrastructure, a first of its kind in the industry. • Launched CYBERDOME, a crucial defense mechanism against digital attacks, aimed at protecting critical public infrastructure networks. • Projections indicate that the Indian cybersecurity market is poised to reach Rs 1 lakh crore by [&hellip;]
- [The Co-operative Group Limited is Broadening its Collaboration With TCS, To Bolster its Business Expansion and Sustainability](https://angelnews.in/the-co-operative-group-limited-is-broadening-its-collaboration-with-tcs-to-bolster-its-business-expansion-and-sustainability/): London : Tata Consultancy Services (TCS) has extended its collaboration with The Co-operative Group Limited (Co-op), a prominent global consumer cooperative engaged in various sectors including food, funerals, insurance, and legal services. This expansion involves embracing a cloud-first strategy aimed at facilitating the group&#8217;s business expansion endeavors. For the past 14 years, TCS has served as a strategic partner to Co-op, aiding in numerous business-critical and workplace transformations. These encompass their retail business overhaul, core system revamp, and franchise program implementation. These endeavors have enabled Co-op to expedite time-to-market, establish new revenue channels, and bolster agility to swiftly address emerging business [&hellip;]
- [BluSmart Partners With Tata Power to Procure Green Energy, Achieving a Complete Transition to Renewable Sources](https://angelnews.in/blusmart-partners-with-tata-power-to-procure-green-energy-achieving-a-complete-transition-to-renewable-sources/): Gurugram , India : BluSmart, India’s premier born-electric, full-stack, vertically integrated eMobility ride-hailing service, and EV charging infrastructure network, proudly declares a pioneering multi-year Power Purchase Agreement (PPA) with Tata Power Trading Company Limited (TPTCL), a wholly-owned subsidiary of Tata Power – one of India&#8217;s largest integrated power companies, for sourcing green power. This strategic partnership represents a significant stride in BluSmart&#8217;s dedication to scaling up decarbonization in mobility and supporting India’s net-zero aspirations. Under the Power Purchase Agreement (PPA), Tata Power Trading Company Limited (TPTCL) will procure 30 MW capacity from BluSmart&#8217;s extensive 200 MW Solar PV power plant located [&hellip;]
- [Revolt Motors - A Subsidiary of RattanIndia Enterprises Expands Footprint With the Addition of 15 New Dealerships in India](https://angelnews.in/revolt-motors-a-subsidiary-of-rattanindia-enterprises-expands-footprint-with-the-addition-of-15-new-dealerships-in-india/): India : Revolt Motors, India&#8217;s foremost electric motorcycle company and a subsidiary of RattanIndia Enterprises Limited, is pleased to declare the opening of five new dealerships, bringing their nationwide network to an impressive total of 115. These latest additions, strategically located in Bihar, Goa, Gujarat, Jharkhand, Madhya Pradesh, Maharashtra, Rajasthan, Tamil Nadu, Uttar Pradesh, and West Bengal, reaffirm Revolt Motors&#8217; dedication to extending its reach and spearheading sustainable urban mobility initiatives. Mrs. Anjali Rattan, Business Chairperson of RattanIndia Enterprises Limited, the parent company of Revolt Motors, expressed her pride in the company&#8217;s expansion, stating, &#8220;This growth fills us with immense pride [&hellip;]
- [Wipro and Intel Foundry Have Announced a Fresh Collaboration Aimed at Enhancing Chip Design And Development](https://angelnews.in/wipro-and-intel-foundry-have-announced-a-fresh-collaboration-aimed-at-enhancing-chip-design-and-development/): Bengaluru , Brunswick : Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a prominent global technology services and consulting firm, has revealed an extended partnership with Intel Foundry aimed at hastening chip design innovation. Serving as the primary Design Services and Alliance Partner, Wipro will collaborate closely with Intel Foundry to expedite the progression of Intel’s cutting-edge process nodes, such as the Intel18A node. The anticipated growth of the global AI chip market at a Compound Annual Growth Rate (CAGR) of 38 percent annually from 2023 to 2032 underscores the significance of the collaboration between Wipro and Intel Foundry. This partnership [&hellip;]
- [Japan Has Pledged an Official Development Assistance (ODA) Loan Totaling 12,815 Crores For Nine Projects in India, Details](https://angelnews.in/japan-has-pledged-an-official-development-assistance-oda-loan-totaling-12815-crores-for-nine-projects-in-india-details/): Japan , India : The Government of Japan has committed an Official Development Assistance loan amounting to JPY 232.209 billion( 12,815 Crore Rupees ) for nine (09) projects across various sectors. The exchange of notes took place today between Mr. Vikas Sheel, Additional Secretary of the Department of Economic Affairs, Ministry of Finance, Government of India, and Mr. Suzuki Hiroshi, Ambassador of Japan to India. The Official Development Assistance (ODA) loan assistance has been allocated to the following projects: 1. North East Road Network Connectivity Improvement Project (Phase 3) (Tranche II): Dhubri-Phulbari bridge (JPY 34.54 billion, 1906 Crore Rupees) 2. North [&hellip;]
- [EaseMyTrip and Jeewani Group Team up with Radisson Hotel Group to Construct a 150-room Radisson Blu Hotel in Ayodhya](https://angelnews.in/easemytrip-and-jeewani-group-team-up-with-radisson-hotel-group-to-construct-a-150-room-radisson-blu-hotel-in-ayodhya/): Ayodhya , India : In a groundbreaking move, EaseMyTrip, India’s top online travel tech platform, along with Jeewani Group, has formed a strategic partnership with Radisson Hotel Group to develop a 150-room Radisson Blu Hotel in Ayodhya City. Radisson Blu Hotel, Ayodhya, a greenfield project, is set to open its doors in 2027. Strategically positioned within two kilometers of Shri Ram Mandir, Ayodhya, the hotel offers convenient access to Maharishi Valmiki International Airport, Ayodhya Railway Station, and is well-connected via National Highway-27. Its prime location ensures excellent visibility and seamless connectivity to the region. Guests will have the opportunity to explore [&hellip;]
- [Aurionpro Solutions Reveals Substantial New Victories for its Recently Acquired Customer Communication Division](https://angelnews.in/aurionpro-solutions-reveals-substantial-new-victories-for-its-recently-acquired-customer-communication-division/): Mumbai , India : Aurionpro Solutions Limited (BSE: 532668) (NSE: AURIONPRO) has disclosed its success in securing orders from two renowned private sector banks in India for Interact DX, its premier digital engagement platform. These orders, valued at INR 10 crores, encompass licensing and implementation scheduled for this quarter, along with subsequent annual maintenance and support. The state-of-the-art Interact DX platform will empower these banks to elevate their customer experience to new heights. Interact DX, recently acquired by Aurionpro, leverages cutting-edge digital technology and a highly scalable architecture to deliver interactive personalized communication, including audio and video technology, across the Banking, [&hellip;]
- [Ramkrishna Forgings Limited Wins Significant Contract Worth US$220 Million From North America](https://angelnews.in/ramkrishna-forgings-limited-wins-significant-contract-worth-us220-million-from-north-america/): North America : Ramkrishna Forgings Limited, a prominent supplier of rolled, forged, and machined products, is delighted to declare a noteworthy achievement as it expands its presence in the North American market. The company has successfully secured a contract valued at US$220 million, spanning over a decade. This milestone marks the company&#8217;s entry into a new vertical within the forging sector, with a focus on supplying Tier 1 customers in the Light Vehicle segment across North America. Securing this order strengthens the Company&#8217;s standing as a pivotal figure in the global market, reaffirming its dedication to innovation, quality, and customer contentment. [&hellip;]
- [Wardwizard Innovations & Mobility Limited : Joy E-Bike Achieves 100,000 units sales](https://angelnews.in/wardwizard-innovations-mobility-limited-joy-e-bike-achieves-100000-units-sales/): Vadodara , India : Wardwizard Innovations &amp; Mobility Limited (WIML), a prominent manufacturer of electric vehicles, celebrated a significant accomplishment today as its brand &#8216;Joy e-bike&#8217; crossed the milestone of selling over 100,000 electric two-wheelers in India. This achievement was commemorated with the rollout of the 100,000th unit, named Mihos, from the company&#8217;s advanced manufacturing facility located in Vadodara. Joy e-bike embarked on its mobility journey by introducing its first product category, electric bicycles, and later expanded its offerings with the launch of its first Low-Speed Electric Scooter, the Butterfly, in 2018. As India&#8217;s pioneer listed EV Company on the BSE, [&hellip;]
- [IREDA And Punjab National Bank Have Announced a Collaboration to Jointly Finance Green Energy Projects](https://angelnews.in/ireda-and-punjab-national-bank-have-announced-a-collaboration-to-jointly-finance-green-energy-projects/): Delhi , India : The Indian Renewable Energy Development Agency Ltd. (IREDA) and Punjab National Bank (PNB) have forged a partnership by signing a Memorandum of Understanding (MoU) with the objective of promoting renewable energy projects throughout the country. This agreement, signed at IREDA&#8217;s Registered Office in New Delhi, sets the stage for collaborative efforts in co-lending and loan syndication for a wide range of renewable energy projects. Dr. R. C. Sharma, General Manager of IREDA, and Shri Rajeeva, Chief General Manager of PNB, officially signed the MoU in the presence of esteemed dignitaries including Shri Pradip Kumar Das, Chairman &amp; [&hellip;]
- [Basilic Fly Studio Limited Thrives with Projects in North America and Emerging European Markets, Strengthening its Global Footprint](https://angelnews.in/basilic-fly-studio-limited-thrives-with-projects-in-north-america-and-emerging-european-markets-strengthening-its-global-footprint/): Mumbai , India : Basilic Fly Studio Limited (BFS), a leading visual effects (VFX) studio announced a significant increase in new projects originating from North America. Here are the highlights from some of the major new projects Science Fiction Epic: Directed by a renowned figure in Hollywood, this movie is set in a futuristic universe, exploring advanced technology, space travel, and extraterrestrial civilizations. It marks the third installment of a groundbreaking series known for its stunning visuals and compelling storytelling, addressing themes of environmentalism, indigenous culture, and colonization impact. The film&#8217;s innovative use of technology has redefined cinematic experiences, setting new [&hellip;]
- [Satin Creditcare Achieves a Significant Milestone With its Standalone AUM Surpassing Rs 10,000 Crore](https://angelnews.in/satin-creditcare-achieves-a-significant-milestone-with-its-standalone-aum-surpassing-rs-10000-crore/): Delhi, India: The prominent microfinance lender, Satin Creditcare Network Limited, is declared its outstanding achievement of surpassing Rs. 10,000 crore in Assets Under Management on a standalone basis. This milestone highlights the company&#8217;s dedication to customer-centric principles, strong risk management strategies, and inventive credit solutions designed to cater to the varied requirements of its clientele. As of December 31, 2023, the company&#8217;s AUM stood at Rs. 9,811 crore. The company has experienced robust business momentum, demonstrating a strong recovery following disruptions caused by the Covid pandemic through proactive measures and strategic initiatives. Satin Creditcare has achieved a net customer addition of [&hellip;]
- [Equitas Small Finance Bank has Revealed its Collaboration as the Official Banking Partner of the Chennai Super Kings](https://angelnews.in/equitas-small-finance-bank-has-revealed-its-collaboration-as-the-official-banking-partner-of-the-chennai-super-kings/): Chennai , India : Equitas Small Finance Bank has announced its partnership as the &#8220;Official Banking Partner&#8221; with the Chennai Super Kings. This renewed collaboration symbolizes the champion team&#8217;s journey back home, aligned with Equitas&#8217; campaign &#8220;Bank Behind Champions&#8221;. The campaign also highlights Equitas&#8217; impact on individuals&#8217; lives through its &#8220;Beyond Banking&#8221; initiatives. This partnership not only provides a sense of home for the team but also instills pride among citizens banking with Equitas through its 16 branches in Chennai. As a part of this collaboration, the Chennai Super Kings team will proudly display the Equitas Small Finance Bank logo on [&hellip;]
- [APEDA Contribution to Indian agricultural exports Increased from USD 0.6 billion in FY1987-88 to USD 26.7 billion in FY 2022-23, Details](https://angelnews.in/apeda-has-propelled-agricultural-exports-from-usd-0-6-billion-in-fy1987-88-to-usd-26-7-billion-in-fy-2022-23-details/): India : Indian agricultural exports Since its beginning with annual exports of USD 0.6 billion in 1987-88, proactive efforts by the Agricultural and Processed Food Products Export Development Authority (APEDA) have propelled agricultural exports to an impressive USD 26.7 billion in the fiscal year 2022-23. This journey of exponential growth is marked by expanding the export portfolio to over 200 countries, reflecting a commendable Compound Annual Growth Rate (CAGR) of 12%. In the fiscal year 2022-23, India&#8217;s agricultural exports surged to USD 53.1 billion, with APEDA contributing significantly, accounting for 51% of India’s Agri-exports. From April to December 2023, among the [&hellip;]
- [Paytm has collaborated with Axis Bank to establish an Escrow Account, ensuring uninterrupted merchant settlements](https://angelnews.in/paytm-has-collaborated-with-axis-bank-to-establish-an-escrow-account-ensuring-uninterrupted-merchant-settlements/): India : One97 Communications Limited (OCL), the parent company of Paytm, India&#8217;s premier payments and financial services provider renowned for its QR and mobile payment solutions, has revealed its collaboration with Axis Bank. This partnership, with Axis Bank being one of India&#8217;s foremost private sector banks equipped with advanced digital features, aims to maintain rapid and secure merchant settlements. This initiative is set to seamlessly transition from the nodal account previously utilized by OCL through Paytm Payments Bank. Since its establishment, Paytm Payment Services Ltd (PPSL), a wholly owned subsidiary of OCL, has been utilizing Axis Bank&#8217;s services. Both OCL and [&hellip;]
- [CRISIL Limited Q3 2024 Results : Net Profit Increases 33% YOY To 210.1 Crore Rupees](https://angelnews.in/crisil-limited-q3-2024-results-net-profit-increases-33-yoy-to-210-1-crore-rupees/): India : The Board of Directors of CRISIL Ltd convened today and endorsed the audited financial outcomes for the quarter and full year concluding on December 31, 2023. CRISIL Limited Statement of Consolidated Financial Results for the three months ended December 31, 2023 : Highlights for quarter and year ended December 31, 2023: Revenue from operations increased by 11.6% for the quarter and 13.4% for the entire year. Pre-tax profit surged by 34.7% in the quarter and 16.9% for the full year. The proposed final dividend stands at Rs 28 per share, resulting in a total dividend payout of Rs 54 [&hellip;]
- [PM Narendra Modi Laid foundation stone for 300 MW Solar Power Plant situated at Bikaner, Rajasthan](https://angelnews.in/narendra-modi-laid-foundation-stone-for-300-mw-solar-power-plant-situated-at-bikaner-rajasthan/): Bikaner, Rajasthan : Prime Minister of India, Shri Narendra Modi, inaugurated the foundation stone laying ceremony for a 300 MW Solar Power Plant situated at Village: Karnisar-Bhatiyan, Teh.: Poogal, District- Bikaner, Rajasthan, through virtual mode on 16th February, 2024. This project is being established by NHPC under the Government of India’s CPSU Scheme, Phase-II, Tranche-III, with a total investment exceeding Rs. 1,732 Crore. It is projected to be operational by September, 2024.
- [Defence Acquisition Council (DAC) has Approved Capital Acquisition Proposals Totaling Rs 84,560 Crore](https://angelnews.in/defence-acquisition-council-dac-has-approved-capital-acquisition-proposals-totaling-rs-84560-crore/): India : The Defence Acquisition Council (DAC) has sanctioned capital acquisition proposals totaling Rs 84,560 crore to enhance the capabilities of the Armed Forces and the Indian Coast Guard. These proposals encompass a range of items such as new generation anti-tank mines, Air Defence Tactical Control Radar, Heavy Weight Torpedoes, Medium Range Maritime Reconnaissance &amp; Multi-Mission Maritime Aircraft, Flight Refueller Aircraft &amp; Software Defined Radios. Additionally, amendments to the Defence Acquisition Procedure 2020 have been approved to facilitate the procurement of advanced technologies from Start-Ups &amp; MSMEs. The Defence Acquisition Council (DAC), chaired by Raksha Mantri Shri Rajnath Singh, has granted [&hellip;]
- [ITI Limited Will Lead the Security Initiative for Digital India by Developing an Indigenous Operating System Called BharOS](https://angelnews.in/iti-limited-will-lead-the-security-initiative-for-digital-india-by-developing-an-indigenous-operating-system-called-bharos/): Bengaluru, India : ITI Limited, the nation&#8217;s inaugural PSU after independence and a leading telecommunications manufacturer, is pleased to announce the signing of a Memorandum of Understanding (MoU) with JandK Operations Private Limited. The collaboration aims to manufacture and offer BharOS-enabled digital devices and services. The partnership endeavors to produce and supply BharOS-enabled digital devices such as mobile phones, routers, tablets, and other gadgets, contributing to the bolstering of Digital India&#8217;s digital security infrastructure. Renowned for its reliability and security, BharOS provides users with a dependable environment, guaranteeing the integrity of their digital interactions. Through this collaboration, ITI Limited reaffirms its [&hellip;]
- [JSW Steel and Various Entities Within the JSW Group have Announced Plans to Invest Approximately Rs. 65,000 crore in Multiple Phases in Odisha](https://angelnews.in/jsw-steel-and-various-entities-within-the-jsw-group-have-announced-plans-to-invest-approximately-rs-65000-crore-in-multiple-phases-in-odisha/): Paradip, Bhubaneshwar : The Honorable Chief Minister of Odisha, Shri Naveen Patnaik, inaugurated the groundbreaking ceremony for JSW Steel&#8217;s new greenfield integrated steel manufacturing complex in Paradip, Odisha. Accompanying him were JSW Group Chairman, Shri Sajjan Jindal, Shri Parth Jindal, Shri Pratap Keshari Deb, Minister of the Industries Department, Shri V.K Pandian, Chairman of 5T, Shri Hemant Sharma, Principal Secretary of the Industries Department, Shri Anil Kumar Singh, and other esteemed dignitaries. JSW Steel and various entities within the JSW Group have outlined plans to invest approximately Rs. 65,000 crore in several phases. This endeavor is expected to generate employment opportunities [&hellip;]
- [Paisalo Digital Bonus Issue Record Date](https://angelnews.in/paisalo-digital-bonus-issue-record-date/): India : Following the meeting held by Paisalo Digital Limited on January 31, 2024, regarding the issuance of Bonus Shares in the ratio of 1:1, meaning one new bonus Equity Share of Re. 1 each for every existing Equity Share of Re. 1 each held by the shareholders of the Company as of the Record Date, the Board members have designated Wednesday, March 20, 2024, as the &#8216;Record Date&#8217; for determining the eligibility of shareholders entitled to receive Bonus Equity Shares of the Company. The issuance of Bonus Equity Shares is contingent upon shareholders&#8217; approval, which is being sought through Postal [&hellip;]
- [Happy Forgings Makes a Significant Entry Into The Passenger Vehicles Market by Securing a Substantial Order From a Prominent Indian Automaker](https://angelnews.in/happy-forgings-makes-a-significant-entry-into-the-passenger-vehicles-market-by-securing-a-substantial-order-from-a-prominent-indian-automaker/): Ludhiana: Happy Forgings Limited (HFL), a major player in engineering-driven manufacturing specializing in complex, safety-critical, heavy forged, and high-precision machined components in India, based on its forging capacity, has been awarded a &#8220;Letter of Business Award&#8221; by a top Indian passenger vehicle manufacturer. This achievement signifies a notable milestone in HFL&#8217;s expansion and advancement journey. This contract involves the production and delivery of fully machined components tailored for the SUV segment. The overall value of the order amounts to approximately INR 60-70 crores annually, totaling around Rs 400 crores over a span of 6 years, commencing from April 1st, 2024. This [&hellip;]
- [Volkswagen and Mahindra Have Entered Into a Supply Agreement in The Field of E-Mobility](https://angelnews.in/volkswagen-and-mahindra-have-entered-into-a-supply-agreement-in-the-field-of-e-mobility/): Wolfsburg , Chennai : Volkswagen and Mahindra &amp; Mahindra Ltd. (M&amp;M) have officially inked the initial supply agreement pertaining to components of Volkswagen&#8217;s MEB for Mahindra&#8217;s bespoke electric platform, INGLO, marking a significant advancement in their shared commitment to electric mobility collaboration. This agreement encompasses the provision of specific electric components along with standardized cells. By solidifying this deal, Volkswagen and Mahindra are intensifying their partnership, which commenced with a collaborative agreement and a term sheet in 2022. Both entities will persist in assessing the possibility of broadening their collaboration in the future. Mahindra will be the inaugural external partner to [&hellip;]
- [The Ministry of Defence's Procurement Through the Government e-Marketplace (GeM) has Surpassed the Significant Milestone of Rs 1 Lakh Crore](https://angelnews.in/the-ministry-of-defences-procurement-through-the-government-e-marketplace-gem-has-surpassed-the-significant-milestone-of-rs-1-lakh-crore/): India : The Ministry of Defence (MoD) has reached a remarkable milestone by becoming the sole ministry to exceed the Gross Merchandise Value (GMV) of Rs 1 lakh crore in procurement through the Government e-Marketplace (GeM) since its establishment in 2016. In the current fiscal year, the Ministry of Defence (MoD) has placed orders worth approximately Rs 46,000 crore on GeM as of February 13, 2024. This marks a significant increase from the order value of Rs 28,732.90 crore in FY 2022-23 and Rs 15,091.30 crore in FY 2021-22, demonstrating a growth of over sixty percent from the previous financial year. [&hellip;]
- [India's Merchandise Exports Showed a Growth of 3.12%, Reaching USD 36.92 billion In January 2024 compared to USD 35.80 billion A Year Ago](https://angelnews.in/indias-merchandise-exports-showed-a-growth-of-3-12-reaching-usd-36-92-billion-in-january-2024-compared-to-usd-35-80-billion-a-year-ago/): India : The primary drivers behind the growth in India&#8217;s merchandise exports in January 2024 encompass Petroleum Products, Engineering Goods, Iron Ore, Electronic Goods, Drugs &amp; Pharmaceuticals, among others. Exports of Petroleum Products in January 2024 surged by 6.57%, reaching USD 8.21 Billion compared to USD 7.70 Billion in January 2023. Engineering Goods exports saw a rise of 4.20% in January 2024, totaling USD 8.77 Billion compared to USD 8.41 Billion in January 2023. Electronic Goods exports experienced a notable increase of 9.31% in January 2024, reaching USD 2.30 Billion compared to USD 2.11 Billion in January 2023. Exports of Drugs [&hellip;]
- [ABB India has Unveiled an Advanced Compact Drive Tailored Specifically for HVACR Systems](https://angelnews.in/abb-india-has-unveiled-an-advanced-compact-drive-tailored-specifically-for-hvacr-systems/): India : ABB India has debuted the latest iteration of its compact drive, the ACH180, designed specifically for HVACR (heating, ventilation, air conditioning, and refrigeration) equipment. This innovative addition to ABB’s HVACR drive lineup empowers precise control over high-efficiency motors, all within a compact form factor. This not only saves space but also reduces capital expenditure and streamlines the commissioning process. Given the current climate impact, there is an increasing demand for efficient heating and cooling systems in India. It is essential for these systems to prioritize enhancing comfort and safety while also promoting energy savings. This aligns with the nation&#8217;s [&hellip;]
- [Lupin Has Introduced Ganirelix Acetate Injection in the United States](https://angelnews.in/lupin-has-introduced-ganirelix-acetate-injection-in-the-united-states/): United States : Today, Lupin Limited (Lupin), a leading global pharmaceutical company, revealed the rollout of Ganirelix Acetate Injection, 250 mcg/0.5 mL, Single-Dose Prefilled Syringe, subsequent to obtaining approval from the United States Food and Drug Administration (U.S. FDA). The Ganirelix Acetate Injection, 250 mcg/0.5 mL, Single-Dose Prefilled Syringe serves as a generic counterpart to the reference listed drug (RLD), Ganirelix Acetate Injection, 250 mcg/0.5 mL, produced by Organon USA LLC. It is prescribed for preventing premature luteinizing hormone (LH) surges in women undergoing controlled ovarian hyperstimulation. The Ganirelix Acetate Injection recorded approximate annual sales of USD 87 million in the [&hellip;]
- [Happiest Minds Technologies Announced Strategic Partnership With Soroco, an AI Company](https://angelnews.in/happiest-minds-technologies-announced-strategic-partnership-with-soroco-an-ai-company/): London : Happiest Minds Technologies Limited , a company defined by its digital and agile ethos, has revealed a significant collaboration with Soroco, an artificial intelligence firm. By teaming up with Soroco, Happiest Minds introduces intelligence into the realm of automation discovery through process and task mining. Drawing on Soroco&#8217;s leading Scout AI model, which creates a work graph detailing concealed challenges encountered by teams and their repercussions on business objectives, along with their collective proficiency in graph technology and digital automation solutions, this collaboration aims to assist organizations in tackling intricate business dilemmas, fostering data-informed decision-making, enhancing operational efficiency and [&hellip;]
- [Gujarat Ambuja Exports Commissions 100TPD Sorbitol Unit at Hubli, Karnataka](https://angelnews.in/gujarat-ambuja-exports-commissions100tpd-sorbitol-unit-at-hubli-karnataka/): Hubli, Karnataka : Gujarat Ambuja Exports Limited has effectively initiated operations for a 100 TPD Sorbitol Unit within its current facility in Hubli, Karnataka. As a result, the company has attained the status of being the leading Sorbitol Manufacturer in India, boasting a combined capacity of 500 TPD across four different locations. About Gujarat Ambuja Exports : Since its inception in 1991, Gujarat Ambuja Exports Limited (GAEL) has been primarily engaged in the production of Corn Starch Derivatives, Soya Derivatives, Feed Ingredients, Cotton Yarn, and Edible Oils. With a focus on the Agro-Processing sector, GAEL is committed to catering to the [&hellip;]
- [Ethos Limited Q3 2024 Results : Net Profit Increases 37.2% QOQ To 25.5 Crores](https://angelnews.in/ethos-limited-q3-2024-results-net-profit-increases-37-2-qoq-to-25-5-crores/): India : The Board of Directors of Ethos Limited convened for a meeting on Wednesday, February 14, 2024, where they deliberated on various matters. Among the agenda items, the Board reviewed and sanctioned the Un-audited Financial Results (both Standalone and Consolidated) for the quarter and nine months concluded on December 31, 2023. Ethos Limited Standalone Statement Q3 concluded on December 31, 2023 : Ethos Limited Consolidated Statement Q3 concluded on December 31, 2023 : Ethos Limited Q3 2024 Results Highlights : Net Profit Increases 37.2% QOQ Net Profit Increases 23.5% YOY Total Income Increases 20.1% QOQ Total Income Increases 23.19% YOY
- [Nxtra - A Subsidiary of Bharti Airtel to Acquire 140,208 MWh of Renewable Energy for its Data Centers](https://angelnews.in/nxtra-a-subsidiary-of-bharti-airtel-to-acquire-140208-mwh-of-renewable-energy-for-its-data-centers/): Gurugram, India : Nxtra by Bharti Airtel, a prominent data center company in India, disclosed a power-wheeling agreement with Ampln and Amplus Energy to secure an additional 140,208 MWh of renewable energy. This initiative further strengthens Nxtra&#8217;s existing pledge to annually reduce its carbon footprint through renewable energy sources by approximately 99,547 metric tons of CO2 equivalent. Under the terms of the agreement, AmpIn Energy and Amplus Energy will establish captive solar and wind power plants, amounting to 48 MWdc and 24.3 MW, respectively, to supply energy to Nxtra&#8217;s data centers located in Tamil Nadu, Uttar Pradesh, and Odisha. These agreements, [&hellip;]
- [TPREL- A Subsidiary Of Tata Power Signs PDA Valuing ₹ 105 Crore With Tata Communications](https://angelnews.in/tprel-a-subsidiary-of-tata-power-signs-pda-valuing-%e2%82%b9-105-crore-with-tata-communications/): India : Tata Power Renewable Energy Limited (TPREL), a major player in India&#8217;s integrated power sector and a subsidiary of the Company, has entered into a power delivery contract with Tata Communications Limited (Tata Communications), a prominent player in communications technology (commtech), for an 18.75 MW AC group captive solar power facility. The endeavor, carried out via a special purpose vehicle (SPV) named Nivade Windfarm Limited, has garnered an estimated order value of ₹ 105 crore. Situated in Aachegaon, Maharashtra, the facility is expected to produce around 40 million units (MUs) of power annually and mitigate over 30,000 tonnes of CO2 [&hellip;]
- [EKI Energy has Announced the Launch of a Biomass Briquettes (Biocoal) Manufacturing Plant in Dindori, Nashik, Maharashtra](https://angelnews.in/eki-energy-has-announced-the-launch-of-a-biomass-briquettes-biocoal-manufacturing-plant-in-dindori-nashik-maharashtra/): Dindori, Maharashtra : GHG Reduction Technologies Pvt. Ltd., a subsidiary of EKI Energy Services Ltd., has announced the inauguration of its cutting-edge Biomass Briquettes (Biocoal) manufacturing plant in Dindori, Nashik, Maharashtra. The inauguration ceremony signifies a significant milestone in GHG Reduction Technology&#8217;s continual dedication to clean energy transitions and the mitigation of global warming. The launch signifies EKI&#8217;s entry into bio briquettes manufacturing via its subsidiary, GHG Reduction Technologies Pvt. Ltd.Introduction of biomass briquettes aimed at offering eco-friendly energy solutions and promoting environmental conservation.The state-of-the-art plant located in Dindori, Nashik, boasts a production capacity of 800-1200 metric tonnes per month. The [&hellip;]
- [Tata Elxsi revealed New Global Design and Engineering Center in Pune, Dedicated to Leading Innovations in Next-Gen Automotive Technologies](https://angelnews.in/tata-elxsi-revealed-new-global-design-and-engineering-center-in-pune-dedicated-to-leading-innovations-in-next-gen-automotive-technologies/): Pune, India :Tata Elxsi, a global leader in design and technology services, strategically strengthens its footprint in Pune with the opening of a new Global Design and Engineering center located in Sukhwani Business Hub, Chinchwad. The new center is meticulously designed to address the technology and digital transformation needs of prominent automotive OEMs and Tier 1 suppliers. It will accommodate more than 1000 engineers, designers, and technology specialists, along with advanced labs, to drive collaborative efforts in engineering R&amp;D across various domains, including Software Defined Vehicles, Connected Services, Autonomous Technologies, Electrification, Mechatronics, and Design. The inauguration of the new center saw [&hellip;]
- [Transformers and Rectifiers (India) Limited :  Power Grid Accepted to Supply 25 MVAR and 8.33MVAR 245kV Shunt Reactors](https://angelnews.in/transformers-and-rectifiers-india-limited-power-grid-accepted-to-supply-25-mvar-and-8-33mvar-245kv-shunt-reactors/): India : The Power Grid Corporation of India Limited has agreed to procure 25 MVAR and 8.33 MVAR 245kV Shunt Reactors from the Changodar Unit of Transformers and Rectifiers (India) Limited. The company maintains its commitment to providing high-quality products and services, establishing itself as a premier manufacturer of transformers in the country over time. About Transformers and Rectifiers (India) Limited : Established in 1994, Transformers &amp; Rectifiers (I) Limited has solidified its presence in the Indian Transformer Industry as a producer of diverse transformers, meeting the quality standards of both domestic and international markets. Today, recognized as an ISO 9001, [&hellip;]
- [RITES and AD Ports Group have Joined Forces to Foster Growth in Logistics Infrastructure Development](https://angelnews.in/rites-and-ad-ports-group-have-joined-forces-to-foster-growth-in-logistics-infrastructure-development/): India : RITES Limited, a prominent transport infrastructure consultancy and engineering firm, and AD Ports Group, a leading facilitator of global trade, logistics, and industry, have announced a strategic Memorandum of Understanding (MoU) today. The purpose of this MoU is to explore potential joint ventures and collaborations in key areas of trade and logistics. This collaboration leverages RITES&#8217; extensive expertise in transport infrastructure development and project management alongside AD Ports Group&#8217;s comprehensive portfolio of world-class ports, logistics solutions, and vertically-integrated business clusters. The primary objective of the MoU is to facilitate mutual engagement and explore opportunities for joint cooperation, particularly in [&hellip;]
- [Adani Green Has Initiated Power Generation From the World's Largest Renewable Energy Park at Khavda ,Gujarat](https://angelnews.in/adani-green-has-initiated-power-generation-from-the-worlds-largest-renewable-energy-park-at-khavda-gujarat/): Khavda ,Gujarat : Adani Green Energy Limited (AGEL), India&#8217;s foremost renewable energy (RE) company and the second-largest solar PV developer globally, has successfully operationalized a solar capacity of 551 MW in Khavda, Gujarat. This milestone has been achieved through the supply of power to the national grid. AGEL aims to develop 30 gigawatts (GW) of clean energy at Khavda, which will generate approximately 81 billion units of electricity annually.This massive endeavor is projected to power 16.1 million homes and prevent the emission of 58 million tonnes of CO2 annually.With this ambitious project, AGEL solidifies its leadership position in India, boasting the [&hellip;]
- [G E Shipping Has Entered Into a Contract to Purchase a Medium Range Product Tanker](https://angelnews.in/g-e-shipping-has-entered-into-a-contract-to-purchase-a-medium-range-product-tanker/): India : On February 14, 2024, The Great Eastern Shipping Company Limited (G E Shipping) finalized a contract to acquire a Medium Range product tanker with a capacity of approximately 49,999 deadweight tons (dwt). The vessel, built in 2010, is anticipated to become part of the company&#8217;s fleet by the first quarter of the financial year 2025 (Q1 FY25). The company&#8217;s existing fleet consists of 42 vessels, including 28 tankers (comprising 6 crude carriers, 18 product tankers, and 4 LPG carriers) and 14 dry bulk carriers, totaling 3.36 million deadweight tons (dwt). Currently, the company&#8217;s capacity utilization is nearly at full [&hellip;]
- [NODWIN Gaming International A Subsidiary Of Nazara Technologies To acquire 100% of Ninja Global FZCO](https://angelnews.in/nodwin-gaming-international-a-subsidiary-of-nazara-technologies-to-acquire-100-of-ninja-global-fzco/): Gurugram , India : NODWIN Gaming International Pte Ltd, a wholly-owned subsidiary of NODWIN Gaming Private Limited, has entered into definitive agreements for the acquisition of 100% ownership of Ninja Global FZCO, a company based in the UAE and Turkey. &#8211; NODWIN Gaming International Pte Ltd (Nodwin Gaming), a wholly-owned subsidiary of NODWIN Gaming Private Limited, which is a significant subsidiary of Nazara Technologies Ltd (BSE: NAZARA), a prominent gaming and esports media company in emerging markets, has officially inked agreements to procure complete ownership of Ninja Global FZCO (Ninja). Ninja boasts assets in esports and gaming production across Turkey and [&hellip;]
- [MEDI ASSIST HEALTHCARE SERVICES LIMITED Q3 2024 Results :  Income Was At INR 169.8 Crores](https://angelnews.in/medi-assist-healthcare-services-limited-q3-2024-results-income-was-at-inr-169-8-crores/): Bengaluru ,India : Medi Assist Healthcare Services Ltd is a leading health benefits administrator in India, collaborating with insurers, group/retail policyholders, beneficiaries of government schemes, and healthcare providers, both in-patient and out-patient, across India and globally. With a significant presence in the health insurance ecosystem, backed by proprietary technology platforms and a nationwide cashless hospital network, Medi Assist achieved a milestone by completing its IPO in January 2024, becoming the first listed company in India with a Third-Party Administrator (TPA) business. The company has also disclosed its unaudited financial results for the quarter and nine months ending December 31st, 2023, today. [&hellip;]
- [Zaggle Has Forged a Service Provider Agreement With Axis Bank Limited](https://angelnews.in/zaggle-has-forged-a-service-provider-agreement-with-axis-bank-limited/): India : Zaggle has been contracted to deliver services to the bank, where Zaggle&#8217;s accounts payable software, expense management software, and Axis Bank Corporate Credit Cards are combined and jointly provided to Zaggle&#8217;s corporate customers. This collaboration aims to stimulate card usage and increase the utilization of the software. Agreement timeframe is 36 months.
- [Info Edge Q3 2024 Results : Net Profit Falls 50.17% QOQ To 119.4 Crores](https://angelnews.in/info-edge-q3-2024-results-net-profit-falls-50-17-qoq-to-119-4-crores/): India : At the Board of Directors meeting of Info Edge (India) Ltd convened today, February 13, 2024, the Board has sanctioned and acknowledged the Unaudited Standalone &amp; Consolidated Financial Results for the Quarter &amp; Nine months ending December 31, 2023. INFO EDGE Q3 STATEMENT OF CONSOUDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER  ENDED DECEMBER 31 2023 : Info Edge Q3 2024 Results Highlights : Net Profit Falls 50.17% QOQ Net Profit Increases 157% YOY Total Income Decreases 16.7% QOQ &nbsp;
- [Wardwizard Innovations Ships Out 3,225 Units of Electric Two-Wheelers in January 2024](https://angelnews.in/wardwizard-innovations-ships-out-3225-units-of-electric-two-wheelers-in-january-2024/): Vadodara, India : Wardwizard Innovations &amp; Mobility Limited, renowned for its &#8216;Joy e-bike&#8217; brand, achieved remarkable growth in January 2024. The company witnessed a 146% surge in sales compared to the previous year, dispatching 3,225 units of its electric two-wheelers, a substantial rise from 1,310 units in January 2023. Speaking about the sales performance and deliveries, Mr. Yatin Gupte, Chairman &amp; Managing Director of Wardwizard Innovations &amp; Mobility Limited, expressed, &#8220;January 2024 marks an exhilarating start for us at Wardwizard Innovations &amp; Mobility Limited. With a surge of enthusiasm from our customers, we&#8217;ve experienced an outstanding 146% growth in sales compared [&hellip;]
- [IndusInd Bank Signs MOU with the Uttar Pradesh Government to Promote Livestock Welfare](https://angelnews.in/indusind-bank-signs-mou-with-the-uttar-pradesh-government-to-promote-livestock-welfare/): Mumbai ,India : &#8211; IndusInd Bank and its subsidiary, Bharat Financial Inclusion Limited, have entered into a Memorandum of Understanding (MoU) with the Uttar Pradesh State Government. The collaboration aims to enhance livestock healthcare management and welfare in the Western Uttar Pradesh region through their social initiative, the Bharat Sanjeevani Program. As part of this partnership, IndusInd Bank and its subsidiary will provide extensive operational assistance for the newly established Cow Sanctuary in Muzaffarnagar, along with doorstep tele-medicine and mobile veterinary services under the CSR umbrella &#8211; Sattvam. &#8211; The Bharat Sanjeevani Program, a corporate social responsibility initiative by IndusInd Bank [&hellip;]
- [MANOJ VAIBHAV GEMS 'N’ JEWELLERS Q3 2024 Results : Net Profit Decreases 24% YOY To 18.9 Crores](https://angelnews.in/manoj-vaibhav-gems-n-jewellers-q3-2024-results-net-profit-decreases-24-yoy-to-18-9-crores/): India : The Board of Directors of MANOJ VAIBHAV GEMS &#8216;N’ JEWELLERS LIMITED, in its meeting convened today, February 12, 2024, has, among other matters, approved the Unaudited Financial Results for the third quarter and the nine-month period ending on December 31, 2023. Statement of unaudited financial results of MANOJ VAIBHAV GEMS &#8216;N’ JEWELLERS LIMITED: MANOJ VAIBHAV GEMS &#8216;N’ JEWELLERS LIMITED Q3 2024 RESULTS HIGHLIGHTS : Net Profit Decreases 24% YOY Net Profit Decreases 14.4% QOQ Total Income Decreases 2.1% YOY Total Income Decreases 22.6% QOQ
- [63 moons technologies Q3 2024 Results : Net Profit Increases 339% YOY To 90.2 Crore Rupees](https://angelnews.in/63-moons-technologies-q3-2024-results-net-profit-increases-339-yoy-to-90-2-crore-rupees/): India : The Board of Directors of 63 moons technologies limited, in their meeting today, approved the Unaudited Financial Results (both Standalone and Consolidated) for the quarter ending on December 31st, 2023. 63 MOONS TECHNOLOGIES LIMITED STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED DECEMBER 31, 2023 63 moons technologies limited Q3 ending on December 31st, 2023 Results Highlights : Net Profit Increases 339% YOY Net Profit Increases 12.9% QOQ Total Income Increases 69.5% YOY Total Income Increases 3.8% QOQ
- [Dynacons Systems Wins Major Contract Worth Rs 90.02 Crores From BSNL](https://angelnews.in/dynacons-systems-wins-major-contract-worth-rs-90-02-crores-from-bsnl/): India : Dynacons secures a significant contract valued at Rs 90.02 crores from BSNL. The contract entails providing Integrated Telecom Network &amp; IT Solutions, which includes the establishment of a Command Centre and Network Operations Centre, catering to its esteemed clientele. The scope of work encompasses: Providing an Integrated Telecom Network &amp; IT Solution, along with the supply of equipment and associated materials, as well as installation, testing, commissioning, operation, and maintenance of the telecom network. Implementing the customer&#8217;s network transformation from the current architecture to a modern, centralized, self-healing architecture that offers seamless connectivity, enhanced security, and comprehensive visibility into [&hellip;]
- [EaseMyTrip Expands its Operations Into the Hospitality Industry With the Introduction of 5-Star Hotel in Ayodhya](https://angelnews.in/easemytrip-expands-its-operations-into-the-hospitality-industry-with-the-introduction-of-5-star-hotel-in-ayodhya/): New Delhi , India : EaseMyTrip.com, a prominent online travel technology platform in India, reveals that its board has given in-principle approval for its latest joint venture: a deluxe 5-star hotel in the prestigious area of Ayodhya, strategically positioned near the iconic Shree Ram Mandir. This venture marks a notable advancement in enhancing the spiritual experience for pilgrims and tourists alike. Situated less than 1 kilometer from the revered temple, the hotel offers guests an unmatched combination of spirituality and opulence. The significance of improving the visitor experience at pilgrimage sites is underscored by Ayodhya&#8217;s status as a premier destination. In [&hellip;]
- [IREDA and IIT Bhubaneswar Have Signed a Memorandum of Understanding (MoU) to Foster Innovation in Clean Energy](https://angelnews.in/ireda-and-iit-bhubaneswar-have-signed-a-memorandum-of-understanding-mou-to-foster-innovation-in-clean-energy/): Bhubaneswar, India : &#8211; The Indian Renewable Energy Development Agency Ltd. (IREDA) has made a noteworthy move towards advancing innovation and research in the renewable energy sector by establishing a Memorandum of Understanding (MoU) with the Indian Institute of Technology, Bhubaneswar. Signed today during the 100 Cube Start-up Conclave hosted at IIT Bhubaneswar, the MoU is designed to facilitate collaborative endeavors in innovation and research initiatives, technology transfer, and the cultivation of the startup ecosystem. &#8211; The Memorandum of Understanding (MoU) was signed by Shri Pradip Kumar Das, Chairman &amp; Managing Director of IREDA, and Dr. Debi Prasad Dogra, Independent Director [&hellip;]
- [Muthoot Microfin Expands Into Telangana, Strengthening its Nationwide Presence](https://angelnews.in/muthoot-microfin-expands-into-telangana-strengthening-its-nationwide-presence/): Muthoot Microfin, a prominent microfinance institution listed on both NSE (MUTHOOTMF) and BSE (544055), dedicated to promoting financial inclusion, has announced its entry into Telangana. The initial phase of expansion will witness the opening of four branches across strategic locations including Bhuvanagiri, Jangaon, Hanmakonda, and Parakala in March 2024, thereby improving accessibility to financial services. Subsequently, Muthoot Microfin plans to establish branches in Andhra Pradesh by June 2024, further underscoring its commitment to advancing financial inclusion in both states. CEO of Muthoot Microfin, Mr. Sadaf Sayeed, commented on this strategic move, highlighting the company&#8217;s consistent performance and growth strategy focused on [&hellip;]
- [SpiceJet to Improve Haj Operations by Introducing Two Wide-body A340 Aircraft](https://angelnews.in/spicejet-to-improve-haj-operations-by-introducing-two-wide-body-a340-aircraft/): SpiceJet has recently finalized a significant lease agreement to incorporate two wide-body A340 aircraft into its fleet, aimed at enhancing its upcoming Haj operations. This strategic decision highlights the airline&#8217;s dedication to providing exceptional travel experiences while maximizing revenue opportunities. The deployment of these wide-body aircraft from both Srinagar and Guwahati underscores the airline&#8217;s intention to replicate the substantial revenue generated last year during Haj operations, amounting to INR 337 Crore. Chandan Sand, the Head of Leasing and Legal at SpiceJet, expressed satisfaction with the conclusion of the lease agreement, emphasizing how the addition of these A340 aircraft will not only [&hellip;]
- [NPCI Grants Approval to One97 Communications( PAYTM ) to Participate in UPI as a Third-Party Application Provider (TPAP)](https://angelnews.in/npci-grants-approval-to-one97-communications-paytm-to-participate-in-upi-as-a-third-party-application-provider-tpap/): Today, the National Payments Corporation of India (NPCI) has approved One97 Communications Limited (OCL) to join the Unified Payments Interface (UPI) as a Third-Party Application Provider (TPAP) within the multi-bank model. In this setup, Axis Bank, HDFC Bank, State Bank of India, and YES Bank will serve as Payment System Provider (PSP) banks for OCL. Additionally, YES Bank will act as the merchant acquiring bank for both existing and new UPI merchants associated with OCL. Consequently, the &#8220;@Paytm&#8221; handle will be transitioned to YES Bank, ensuring seamless UPI transactions and AutoPay mandates for existing users and merchants. OCL has been advised [&hellip;]
- [Eris Lifesciences Proposes to Acquire 19% Stake in Swiss Parenterals](https://angelnews.in/eris-lifesciences-proposes-to-acquire-19-stake-in-swiss-parenterals/): Swiss Parenterals Limited operates within the pharmaceutical industry, aligning with the acquiring company&#8217;s main line of business. The acquisition aims to bolster the acquiring company&#8217;s control over the target entity. Remarkably, no governmental or regulatory approvals are necessary for this acquisition, scheduled for completion by September 30, 2024. It involves a cash consideration of INR 237.50 crores in aggregate, with the acquiring company acquiring 4.75% equity shares from four individual promoters, collectively amounting to a 19% shareholding in Swiss Parenterals Limited. The acquired entity, Swiss Parenterals Limited, specializes in the production of parenteral products. It was incorporated on February 4, 1997. [&hellip;]
- [Ashok Leyland Subsidiary Hinduja Tech Limited Secures $255 Million Investment from Private Equity Fund Creador](https://angelnews.in/ashok-leyland-subsidiary-hinduja-tech-limited-secures-255-million-investment-from-private-equity-fund-creador/): Hinduja Tech Limited (HT), a global engineering R&amp;D services company with a focus on mobility and a subsidiary of Ashok Leyland, the flagship of the multibillion-dollar Hinduja Group conglomerate, has recently announced a definitive agreement with Creador. This agreement entails Creador&#8217;s investment of $50 million to acquire a 19.6% shareholding in HT, subject to customary closing conditions. Creador, a renowned private equity firm with a focus on fostering world-class businesses in Southeast Asia and India, sees this investment as a strategic move. This investment places Hinduja Tech at a post-money equity value of $255 million. The infusion of capital will enable [&hellip;]
- [Genesys International Wins Rs 155.85 Crores Order From Brihanmumbai Municipal Corporation](https://angelnews.in/genesys-international-wins-rs-155-85-crores-order-from-brihanmumbai-municipal-corporation/): Genesys International Corporation Limited has been awarded a Letter of Acceptance by the Brihanmumbai Municipal Corporation (BMC) for a sum of Rs. 155.85 crores. This is for the Development, Implementation, and Maintenance of a 3D City model, as well as Change Detection utilizing Geospatial Technology for BMC. The award also has Veritas (I) Ltd as a consortium partner. The project is slated for completion within a span of 18 months, with an additional three-year Annual Maintenance Contract after the project&#8217;s Go-Live phase. It&#8217;s noteworthy that neither the promoters nor any entities associated with them hold any interest in the entity awarding [&hellip;]
- [Nuuday Signs a Significant Cloud Transformation Agreement With TCS](https://angelnews.in/nuuday-signs-a-significant-cloud-transformation-agreement-with-tcs/): COPENHAGEN : Tata Consultancy Services (TCS) has entered into an agreement with Nuuday, Denmark&#8217;s premier digital connectivity and communications provider, to execute a comprehensive cloud transformation initiative. This multi-million-dollar deal entails TCS assuming full responsibility for Nuuday&#8217;s IT infrastructure and transitioning it to the TCS hybrid cloud platform, setting the stage for future advancements. The migration to TCS&#8217; Enterprise Cloud Platform, featuring advanced hybrid cloud architecture and integrated tools, promises to expedite the launch of new products and services for Nuuday. This transition aims to elevate the experiences of Nuuday&#8217;s extensive customer base, serving over 4.1 million Danish households and 1.8 [&hellip;]
- [Ceinsys Tech Limited Wins Work Order From Maharashtra Industrial Development Corporation](https://angelnews.in/ceinsys-tech-limited-wins-work-order-from-maharashtra-industrial-development-corporation/): Today, Ceinsys Tech Limited has been awarded a work order by the Maharashtra Industrial Development Corporation (a Government of Maharashtra Undertaking) for maintenance and repair (M &amp; R) services to the TTC Industrial Area. The scope of work includes providing and installing AMR Domestic &amp; Non-Domestic wireless Water Meters, integrating them with MIDC Billing Software, Bill payment App, and Field staff Employee App. Additionally, the project involves implementing cloud-based multi-protocol HES &amp; MDMS systems with Alerts. The total value of the work order amounts to Rs. 12,02,97,335/- (Rupees Twelve Crores Two Lakhs Ninety-Seven Thousand Three Hundred and Thirty-Five Only). Remarkably, the [&hellip;]
- [EaseMyTrip Foundation has Entered into a MOU With the Archaeological Survey of India (ASI)](https://angelnews.in/easemytrip-foundation-has-entered-into-a-mou-with-the-archaeological-survey-of-india-asi/): EaseMyTrip Foundation, a wholly-owned subsidiary of EaseMyTrip.com, a leading online Indian travel tech platform, has signed a Memorandum of Understanding (MOU) with the Archaeological Survey of India (ASI). This partnership aims to appoint EaseMyTrip Foundation as the Smārak Särathi (Monument Mitra) for four of India&#8217;s most prestigious historical monuments under the government&#8217;s Adopt a Heritage 2.0 program. The designated monuments are: Qutb Minar, Delhi Sun Temple, Konark, Odisha Agra Fort, Agra Western Group of Temples, Khajuraho, Madhya Pradesh As a Smārak Särathi, EaseMyTrip Foundation will collaborate with the government to develop and execute a comprehensive plan for the maintenance, upkeep, and [&hellip;]
- [SpiceJet Secures Lease for 10 Aircraft to Ramp up Capacity for Summer Schedule](https://angelnews.in/spicejet-secures-lease-for-10-aircraft-to-ramp-up-capacity-for-summer-schedule/): SpiceJet has recently finalized lease agreements for 10 aircraft, aiming to bolster its capacity in preparation for the upcoming summer schedule. This initiative underscores SpiceJet&#8217;s commitment to offering seamless connectivity and improved services to passengers, especially during peak travel seasons like summers. The additional aircraft will facilitate the airline in meeting the escalating demand for air travel, particularly during the busy summer months. Moreover, SpiceJet has strengthened its fleet capabilities by acquiring three airframes as part of recent settlement agreements with key aircraft lessors, resulting in substantial savings of INR 685 Crore for the airline. Notably, on March 7th, SpiceJet announced [&hellip;]
- [KEC International has Secured New Orders Totaling Rs. 2,257 Crores Across its Diverse Range of Businesses](https://angelnews.in/kec-international-has-secured-new-orders-totaling-rs-2257-crores-across-its-diverse-range-of-businesses/): KEC International Ltd., a prominent infrastructure EPC major and an RPG Group Company, has secured new orders amounting to Rs. 2,257 crores across its diverse portfolio: Transmission &amp; Distribution (T&amp;D): The company has bagged orders for T&amp;D projects in India and the Americas, including: Orders for 765 kV Transmission lines and substations in India from Power Grid Corporation of India Limited (PGCIL) Supply of Towers, Hardware, and Poles in the Americas Oil &amp; Gas Pipelines: KEC International has secured its first international order for a pipeline laying project. Civil: An order has been secured in the metals &amp; mining segment from [&hellip;]
- [AdaniConneX's Hyderabad Site has Been Awarded a Five-Star Grading by the British Safety Council](https://angelnews.in/adaniconnexs-hyderabad-site-has-been-awarded-a-five-star-grading-by-the-british-safety-council/): AdaniConneX, the joint venture between the Adani Group and EdgeConneX, has achieved a significant milestone with its Hyderabad data center receiving a Five-Star grading in the Occupational Health and Safety Audit by the British Safety Council. This distinction marks the first time a data center in India has earned such recognition, underscoring AdaniConneX&#8217;s dedication to continuously improving health and safety management systems. The assessment of the Hyderabad site involved a thorough evaluation of its occupational health and safety policies, procedures, and practices. This included reviews of documentation, interviews with management and employees, and observation of operational activities. Nearly 60 components were [&hellip;]
- [Tenstorrent and MosChip have Announced a Collaboration to Develop High-Performance RISC-V Designs](https://angelnews.in/tenstorrent-and-moschip-have-announced-a-collaboration-to-develop-high-performance-risc-v-designs/): Tenstorrent and MosChip Technologies have announced a partnership to collaborate on the design of Tenstorrent&#8217;s state-of-the-art RISC-V solutions. By selecting MosChip Technologies, Tenstorrent aims to significantly advance the development of RISC-V solutions for both itself and its customers. The collaboration will encompass Physical Design, DFT, Verification, and RTL Design services. David Bennett, CCO of Tenstorrent, emphasized MosChip Technologies&#8217; expertise in tape-out services, citing their track record of over 200 multi-million gate ASICs. Bennett stated, &#8220;Partnering with MosChip enables us to design the strongest RISC-V solution we can to serve ourselves, our partners, and our customers alike.&#8221; MosChip Technologies is committed to [&hellip;]
- [Cyient Collaborates With Airbus for Cabin and Cargo Engineering Services](https://angelnews.in/cyient-collaborates-with-airbus-for-cabin-and-cargo-engineering-services/): Cyient, a global leader in Intelligent Engineering and Technology Solutions, has announced a multiyear services agreement with Airbus for Cabin and Cargo Engineering. Under this agreement, Cyient has been chosen by Airbus to contribute to the development of a portion of its cabin &#8216;Intelligent Core Management Platform&#8217; (iCMP). These systems are designed to facilitate faster software updates, streamlined customization, and the expansion of digital services within the cabin. Cyient has a longstanding collaboration with Airbus, supporting the development of future-ready cabins to deliver cutting-edge services that require advanced technologies and handle significant data flow volumes. Expressing gratitude for Airbus&#8217;s confidence in [&hellip;]
- [Dynamatic Technologies has Revealed a Strategic Partnership with Deutsche Aircraft](https://angelnews.in/dynamatic-technologies-has-revealed-a-strategic-partnership-with-deutsche-aircraft/): Webling | Bangalore : Dynamatic Technologies Limited announces a new partnership with Deutsche Aircraft, the German OEM based in Munich, Germany. The collaboration is centered around the production of the Rear Fuselage for the 40-seater D328eco regional turboprop aircraft. This partnership signifies a significant moment for the &#8220;Make in India” initiative and will contribute to the development of the highly capable ecosystem in the region. The contract represents a crucial milestone as Deutsche Aircraft and Dynamatic join forces to manufacture the D328eco, a sustainable regional turboprop aircraft. This modern, fuel-efficient aircraft is designed to cater to regional routes and is poised [&hellip;]
- [Max India Limited Subsidiary Antara Senior Care Signs MoU with IIT Delhi](https://angelnews.in/max-india-limited-subsidiary-antara-senior-care-signs-mou-with-iit-delhi/): Antara, a comprehensive provider of lifestyle and lifecare solutions for seniors and a part of the $4 billion Max Group, has entered into a Memorandum of Understanding (MoU) with the Indian Institute of Technology Delhi (IIT Delhi) to collaborate on offerings specifically tailored for seniors. As per Antara, India has experienced a significant increase in life expectancy over recent decades, leading to a growing elderly population due to improved living conditions and advancements in healthcare. With age, mobility-related disabilities, hearing and visual impairments become more common. Recognizing these challenges, Antara has partnered with IIT Delhi to conduct research and develop solutions [&hellip;]
- [HCLTech Named Leader in IDC MarketScape: European Human-First Digital Workplace Services 2023](https://angelnews.in/hcltech-named-leader-in-idc-marketscape-european-human-first-digital-workplace-services-2023/): LONDON, UK : HCLTech, a prominent global technology firm, has been recognized as a Leader in the IDC MarketScape: European Human-First Digital Workplace Services 2023 Vendor Assessment (#EUR149968723, November 2023). Meike Escherich, European Practice Lead for Future of Work at IDC, stated, &#8220;Providers of digital workplace services with well-defined workplace transformation capabilities, such as HCLTech, are the preferred partners in today&#8217;s human-centric work environment. Their emphasis on people-centric service offerings and ecosystems positions them as leaders in the evolving DWS landscape.&#8221; According to the IDC MarketScape report, &#8220;HCLTech has significantly enhanced its workplace consultancy capabilities by focusing on experience design and [&hellip;]
- [MICL Group has Completed the Construction of Aaradhya Highpark Towers E & F a Remarkable 21 Months Ahead of Schedule](https://angelnews.in/micl-group-has-completed-the-construction-of-aaradhya-highpark-towers-e-f-a-remarkable-21-months-ahead-of-schedule/): Man Infraconstruction Limited (MICL), a renowned figure in the real estate sector, proudly announces the early completion of Aaradhya Highpark Towers E &amp; F, a residential project situated near Dahisar at Mira Road, marking a new milestone for punctuality and superior construction quality. With the finalization of the last two towers in &#8216;Aaradhya Highpark&#8217;, the group has efficiently delivered over 1,300 apartments, along with shops, across its six residential towers and one commercial tower &#8211; &#8216;Aaradhya Primus&#8217;. Initially launched in October 2018, the first four residential towers and the commercial tower were handed over in November 2022, while the remaining two [&hellip;]
- [Nazara Technologies Vows to Invest $100 million (INR 830 Crore) for Global Expansion Via Strategic Mergers and Acquisitions](https://angelnews.in/nazara-technologies-vows-to-invest-100-million-inr-830-crore-for-global-expansion-via-strategic-mergers-and-acquisitions/): Nazara Technologies Limited (NSE: NAZARA), a prominent player in the gaming and sports media industry, has unveiled an ambitious strategy to allocate US$100 million (~INR 830 cr) towards mergers and acquisitions (M&amp;A) over the next 24 months. This strategic move underscores Nazara&#8217;s commitment to strengthening its global presence and advancing its evolution into a prominent gaming platform on the international stage. With a recent successful fundraise of Rs. 760 crore (~$90 million) through preferential allotment, attracting notable investors such as Nikhil Kamath, ICICI Prudential MF, and Plutus Wealth Management, Nazara is well-positioned for significant expansion in the upcoming years. The company [&hellip;]
- [Infibeam Avenues has Become the First Indian Fintech Player to Receive PTSP Certification from the SAMA (Saudi Payments)](https://angelnews.in/infibeam-avenues-has-become-the-first-indian-fintech-player-to-receive-ptsp-certification-from-the-sama-saudi-payments/): Saudi Arabia : Infibeam Avenues Ltd, a publicly traded fintech company powered by AI, has announced a significant achievement by its international subsidiary, Infibeam Avenues Saudi Arabia. The company has become the first Indian fintech entity to obtain PTSP Certification from SAMA (Saudi Payments) to operate as a Payment Processor (PTSP) in the Kingdom of Saudi Arabia (KSA). This strategic move aims to tap into Saudi Arabia&#8217;s rapidly growing digital economy. With the country&#8217;s ambitious 2030 vision and a goal of attracting 130 million tourists annually, the digital economy is poised for exponential growth. Following the certification, the company&#8217;s flagship payment [&hellip;]
- [DroneAcharya Aerial Innovations has Received DGCA Certification as a Medium Category Drone Pilot Training Organization](https://angelnews.in/droneacharya-aerial-innovations-has-received-dgca-certification-as-a-medium-category-drone-pilot-training-organization/): DroneAcharya Aerial Innovations Limited proudly announces its recent achievement of DGCA certification as a Medium Category Drone Pilot Training Organization. This milestone underscores DroneAcharya&#8217;s pioneering role in the industry, being among the first to attain such recognition. This certification authorizes the legal operation of drones weighing between 25 kg to 150 kg, crucially impacting sectors such as agricultural spraying and delivery drones. It aligns seamlessly with the visionary Namo Drone Didi initiative led by Prime Minister Shri Narendra Modi, which aims to empower women with drone piloting skills, particularly in agricultural drone operations, fostering sustainable livelihoods in a rapidly evolving sector. [&hellip;]
- [Titagarh Rail Systems Introduces its Second 25T Bollard Pull Tug Named Bahubali for the Indian Navy](https://angelnews.in/titagarh-rail-systems-introduces-its-second-25t-bollard-pull-tug-named-bahubali-for-the-indian-navy/): Titagarh Rail Systems Limited (TRSL) has unveiled its second 25T Bollard Pull Tug, named Bahubali, for the Indian Navy. This vessel was constructed at TRSL&#8217;s facility in Titagarh, Barrackpore. The launch is part of a larger order of six 25 BP tugs secured by the company from the Indian Navy in November 2021, under the Ministry of Defence’s Make in India initiative. Following the launch, the keel laying ceremony for the fourth 25T Bollard Pull Tug, Yuvan (Yard 338), was also conducted. Commodore Atul Maini, President SSB (Kolkata), graced the event as the Chief Guest, along with distinguished guests including Commodore [&hellip;]
- [Tata Power Solar has Successfully Commissioned India's largest Solar and Battery Energy Storage Project in Chhattisgarh](https://angelnews.in/tata-power-solar-has-successfully-commissioned-indias-largest-solar-and-battery-energy-storage-project-in-chhattisgarh/): Tata Power Solar Systems Limited (TPSSL), a fully integrated solar company based in India and a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), has successfully completed the nation’s largest Solar and Battery Energy Storage Systems (BESS) project. This project, located in Rajnandgaon, Chhattisgarh, comprises a 100 MW Solar PV Project combined with a 120 MWh Utility Scale Battery Energy Storage System (BESS). Key highlights : The project consists of a 100 MW Solar PV Project paired with a 120 MWh Utility Scale Battery Energy Storage System. It aims to produce approximately 243.53 million units of energy per year and [&hellip;]
- [HCL Technologies Has Been Acknowledged for its Talent Readiness by Both Everest Group and Avasant](https://angelnews.in/hcl-technologies-has-been-acknowledged-for-its-talent-readiness-by-both-everest-group-and-avasant/): NEW YORK, US : HCL Technologies, a prominent global technology company, has proudly announced its recognition for talent readiness and digital talent capability by Everest Group and Avasant. In Everest Group’s Talent Readiness for Next-Generation IT Services PEAK Matrix Assessment 2023, HCL Technologies was positioned as a Leader and a Star Performer. Additionally, in Avasant’s Digital Talent Capability RadarView, 2023–2024, HCL Technologies has retained its position as a Leader for the third consecutive year. Ramachandran Sundararajan, Chief People Officer at HCL Technologies, expressed gratitude for the recognition and emphasized the company&#8217;s commitment to delivering top-notch services to clients while providing employees [&hellip;]
- [PhantomFX Acquires a Majority Stake of 80% in Oscar Winning Tippett Studio](https://angelnews.in/phantomfx-acquires-a-majority-stake-of-80-in-oscar-winning-tippett-studio/): Phantom Digital Effects Limited (NSE: PHANTOMFX), a leading visual effects (VFX) studio, has reached a Term Sheet agreement to acquire an 80% majority stake in Tippett Studio. This acquisition grants PhantomFX operational control over the renowned visual effects production company founded by Oscar-winning filmmaker Phil Tippett. The move marks a significant milestone for both companies and the broader VFX industry. Tippett Studio, known for its groundbreaking work on blockbuster films like JURASSIC PARK and STAR WARS, will continue operating under its established name, maintaining its commitment to delivering top-tier VFX and post-production services worldwide. The collaboration also includes PhantomFX&#8217;s commitment to [&hellip;]
- [State Bank of India Opts for iCashpro Plus, Aurionpro’s Advanced Cash Management And Transaction Banking Platform](https://angelnews.in/state-bank-of-india-opts-for-icashpro-plus-aurionpros-advanced-cash-management-and-transaction-banking-platform/): Aurionpro Solutions Limited (BSE: 532668) (NSE: AURIONPRO) has secured a significant contract from the State Bank of India (SBI), India&#8217;s largest commercial bank, to license, implement, and support iCashpro+. This next-gen cash management and transaction banking platform, valued at nearly INR 100 Crores, will be delivered in phases over 12 months, with maintenance and support for 6 years. This achievement underscores iCashpro+&#8217;s leading position as the preferred choice for global banks seeking a future-ready transaction banking solution. Built on modern cloud technology and a microservices-based architecture, Aurionpro’s iCashpro+ is highly configurable, parameterized, resilient, scalable, and agile. It will seamlessly integrate with [&hellip;]
- [EaseMyTrip Opens its Second Franchise Store in Gurugram](https://angelnews.in/easemytrip-opens-its-second-franchise-store-in-gurugram/): EaseMyTrip.com( EaseMyTrip ), India&#8217;s leading travel tech platform, has unveiled its latest franchise outlet in Gurugram, Haryana, marking a significant stride in its nationwide expansion endeavors. Positioned at Shop No. 14, First Floor, M3M Tee Point, Sector 65, Gurugram, this newest addition represents the second franchise venture for EaseMyTrip in the city, reflecting its commitment to enhancing travel service accessibility through a blend of online and offline channels. Nestled in the vibrant Sector 65, renowned for its bustling commercial activity and convenience, the new franchise is strategically located to cater to the burgeoning travel demands of Gurugram&#8217;s diverse populace. Embracing EaseMyTrip&#8217;s [&hellip;]
- [DroneAcharya Aerial Innovations Limited has Secured a Substantial Service Contract From the Adani Group](https://angelnews.in/droneacharya-aerial-innovations-limited-has-secured-a-substantial-service-contract-from-the-adani-group/): DroneAcharya Aerial Innovations Limited has announced its successful bid for a significant service order from Adani, focusing on providing DGCA-certified drone pilot training. This achievement marks a significant milestone in the integration of drone technology within large-scale enterprises like Adani. The importance of this order is underscored by its endorsement of drones for mapping, monitoring, and inspection purposes across Adani&#8217;s diverse operations spanning energy, infrastructure, logistics, resources, and agribusiness. Adani Group&#8217;s substantial presence both domestically and internationally highlights its crucial role in India&#8217;s economic growth and infrastructure development. &#8220;The adoption of drones by a prominent entity like Adani signifies not only [&hellip;]
- [Wipro Expands its Collaboration With Nutanix to Introduce a Fresh Nutanix Business Unit](https://angelnews.in/wipro-expands-its-collaboration-with-nutanix-to-introduce-a-fresh-nutanix-business-unit/): EAST BRUNSWICK | SAN JOSE | BENGALURU : Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, and Nutanix, Inc. (NYSE: NTNX), a leader in hybrid multicloud computing, have jointly announced the establishment of a new business unit focused on Nutanix. This collaboration aims to assist mutual clients in accelerating their digital and hybrid multicloud journeys, while maximizing the value derived from their Nutanix Cloud investments. The newly formed business unit will merge Wipro FullStride Cloud&#8217;s industry expertise with Nutanix Cloud Platform to enhance collaborative solution engineering and broaden go-to-market strategies. By doing so, the [&hellip;]
- [Honasa Consumer's Mamaearth Ventures Into the Personal Wash Category](https://angelnews.in/honasa-consumers-mamaearth-ventures-into-the-personal-wash-category/): Mamaearth, a leading brand in India known for its toxin-free and natural personal care products, is excited to announce its foray into the personal wash category. This expansion signifies a significant milestone in the brand&#8217;s mission to offer safe, effective, and toxin-free products to consumers nationwide. Despite advancements in the personal care industry, the personal wash category has seen limited innovation in recent years, with many products still containing chemicals and synthetic ingredients. Recognizing the growing demand for natural and sustainable personal care options, Mamaearth has decided to enter this segment with a commitment to disrupt the market. Mamaearth&#8217;s Moisturizing Lotion [&hellip;]
- [Gravita's Pure Lead Produced at its Mundra Plant Has Been Officially Empanelled With MCX](https://angelnews.in/gravitas-pure-lead-produced-at-its-mundra-plant-has-been-officially-empanelled-with-mcx/): Gravita India Limited, a prominent &#8220;Recycling Company&#8221; with manufacturing operations worldwide, is announced that its &#8220;Pure Lead,&#8221; produced at its Mundra, Gujarat plant, has been approved and included as an authorized Lead Brand for delivery against MCX lead futures contracts. Additionally, the Pure Lead manufactured at the company&#8217;s Chittoor and Phagi plants has already been empanelled with MCX. The Multi Commodity Exchange of India Limited (MCX), the nation&#8217;s first listed exchange, serves as a modern commodity derivatives exchange facilitating online trading of commodity derivatives transactions. It provides a platform for price discovery and price risk management, operating under the regulatory framework [&hellip;]
- [Knowledge Marine And Engineering Works Has Received the LOA From Inland Waterways Authority of India (IWAI)](https://angelnews.in/knowledge-marine-and-engineering-works-has-received-the-loa-from-inland-waterways-authority-of-india-iwai/): Knowledge Marine &amp; Engineering Works Ltd has been awarded the Letter of Award (LoA) by the Inland Waterways Authority of India (IWAI) for the maintenance of the &#8220;Farakka-Kahalgaon stretch (146 Km) of National Waterway – 1 (River Ganga)&#8221; with a contract value of Rs. 98.06 Crores. The contract duration spans 3 years, with a possible extension of 2 more years. In an effort to promote Inland Water Transport (IWT) across the country, India has officially notified 111 Inland National Waterways (NWs) under The National Waterways Act, 2016, covering approximately 20,275.5 km. Currently, NW-1, 2, &amp; 3 are operational, accommodating cargo and [&hellip;]
- [Infibeam Avenues Ltd Unveils THEIA, A Video AI Developer Platform For Business Operations](https://angelnews.in/infibeam-avenues-ltd-unveils-theia-a-video-ai-developer-platform-for-business-operations/): Infibeam Avenues Ltd, a prominent AI-driven fintech firm, announces the launch of its groundbreaking Artificial Intelligence (AI) offering, THEIA – an innovative Video AI Developer Platform. This advanced platform is poised to transform how businesses, institutions, and governments leverage AI for increased productivity and efficiency. THEIA is tailored to cater to various industries, with its advanced video AI analysis capabilities surpassing conventional boundaries. It serves as a versatile platform empowering organizations to harness AI video analysis across diverse applications such as sports analytics, media optimization, traffic management, crowd control, insurance claims processing, manufacturing unit optimization, retail operations, and governmental functions. &#8220;We [&hellip;]
- [PM Narendra Modi Opens Chaudhary Charan Singh International Airport's Terminal T3, Costing Rs. 2400 Crore](https://angelnews.in/pm-narendra-modi-opens-chaudhary-charan-singh-international-airports-terminal-t3-costing-rs-2400-crore/): Today, Prime Minister Narendra Modi inaugurated the integrated Terminal 3 (T3) of the Chaudhary Charan Singh International Airport (CCSIA), which was constructed at a cost of Rs. 2,400 crore. T3 will serve both domestic and international flights, with a capacity to accommodate 4,000 passengers during peak hours. Phase I of this state-of-the-art terminal can handle 8 million passengers annually, featuring elevated pathways to separate arrival and departure flows. Phase 2 aims to further increase capacity to 13 million passengers per annum. During the event, Mr. Karan Adani, Managing Director of Adani Ports &amp; Special Economic Zone Ltd, outlined the ambitious vision [&hellip;]
- [Gensol Engineering Limited Secures GUVNL's Contract for a 70 MW (140 MWh) Battery Energy Storage Project](https://angelnews.in/gensol-engineering-limited-secures-guvnls-contract-for-a-70-mw-140-mwh-battery-energy-storage-project/): Gensol Engineering Ltd. (BSE: 542851) (NSE: GENSOL), renowned for its expertise in solar power engineering, procurement, and construction (EPC) services, as well as the electric mobility sector, has clinched the top position (L1) for a 70 MW / 140 MWh segment of a 250 MW/500 MWh standalone Battery Energy Storage Systems (BESS) project. This significant achievement underscores Gensol&#8217;s dominance in the field and its capability to deliver cutting-edge solutions. The project, to be executed by Gensol under a Tariff-Based Global Competitive Bidding model, aims to provide energy storage capacity to Gujarat Urja Vikas Nigam Limited (GUVNL) in Gujarat on an on-demand [&hellip;]
- [NLC India Limited and Rajasthan Sign MOU for Joint Venture to Boost Thermal and Renewable Energy Capacity](https://angelnews.in/nlc-india-limited-and-rajasthan-sign-mou-for-joint-venture-to-boost-thermal-and-renewable-energy-capacity/): In accordance with the Prime Minister&#8217;s vision for ensuring the nation&#8217;s energy security and providing affordable, sustainable, and continuous power supply to all, NLC India Limited has signed an MOU with the Government of Rajasthan today. This MOU establishes a joint venture aimed at setting up a 125 MW Lignite Based Power Plant and a massive 1000 MW Solar Power Plant. The distinguished guests at the event included Chief Minister Shri Bhajan Lal Sharma, Union Minister of Parliamentary Affairs, Coal, and Mines Shri Pralhad Joshi, Union Minister of Power and New &amp; Renewable Energy Shri RK Singh, Deputy Chief Minister of [&hellip;]
- [SJVN Signed a Power Usage Agreement for 500 MW Solar Power and PPA for 100 MW Solar Power With RUVITL](https://angelnews.in/sjvn-signed-a-power-usage-agreement-for-500-mw-solar-power-and-ppa-for-100-mw-solar-power-with-ruvitl/): SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN, has inked a Power Usage Agreement (PUA) for 500 MW Solar Power and a Power Purchase Agreement (PPA) for 100 MW Solar Power with Rajasthan Urja Vikas and IT Services Limited (RUVITL). This event took place in the presence of the Hon&#8217;ble Chief Minister of Rajasthan, Sh. Bhajan Lal Sharma, in Jaipur. Also in attendance were Smt. Diya Kumari, Deputy Chief Minister of Rajasthan; Sh. Heeralal Nagar, Minister of Power, Rajasthan; Sh. Subhash Pant, Chief Secretary of Rajasthan; Sh. Amrit Lal Meena, Secretary (Coal); Sh. Alok, ACS Power, Rajasthan; and [&hellip;]
- [GE Power India Has Received a Purchase Order From The West Bengal Power Development Corporation Limited](https://angelnews.in/ge-power-india-has-received-a-purchase-order-from-the-west-bengal-power-development-corporation-limited/): The West Bengal Power Development Corporation Limited, a prominent entity in the power sector, has undertaken a significant initiative by awarding order for the supply and erection of essential components for the Electrostatic Precipitator (ESP) at the Sagardighi Thermal Power Project. This project, situated within the heart of West Bengal, stands as a crucial pillar in the state&#8217;s energy infrastructure, catering to the growing demands for electricity with reliability and efficiency. With a focus on sustainability and environmental consciousness, the refurbishment of ESP fields signifies a commitment to reducing emissions and ensuring compliance with stringent regulatory standards. As a domestic entity, [&hellip;]
- [KPI Green Energy Limited has Secured a 305MW Orders From Aditya Birla Renewables Subsidiary Limited and ABREL](https://angelnews.in/kpi-green-energy-limited-has-secured-a-305mw-orders-from-aditya-birla-renewables-subsidiary-limited-and-abrel/): KPI Green Energy Limited has secured a 305MWac order, with 175MWac awarded by Aditya Birla Renewables Subsidiary Limited and 130MWac by ABREL (RJ) Projects Limited for developing the Balance of System for a solar capacity project in Gujarat. The project will connect to the Inter State Transmission System (ISTS) network of the Central Transmission Utility (CTU). KPI Green Energy Limited will provide Engineering, Procurement, Construction, and Commissioning (EPCC) services, encompassing design, engineering, procurement, supply, transportation, construction, erection, testing, and synchronization for the solar project. The orders have been awarded by domestic entities. Specifically, the nature of the contract is a Commercial [&hellip;]
- [Rashtriya Chemicals and Fertilizers Gets Cabinet Committee Approval Of Rs.2169.67 Crore Investment In Talcher Fertilizers](https://angelnews.in/rashtriya-chemicals-and-fertilizers-gets-cabinet-committee-approval-of-rs-2169-67-crore-investment-in-talcher-fertilizers/): India : The Department of Fertilizers, under the Ministry of Chemicals and Fertilizers, Government of India, issued an Office Memorandum dated March 7, 2024, providing details regarding the equity investment in Talcher Fertilizers Limited (TFL). According to this memorandum, the Cabinet Committee on Economic Affairs (CCEA) convened on February 18, 2024, and approved a revised total equity investment of approximately Rs. 2169.67 Crore by Rashtriya Chemicals and Fertilizers Limited (RCF) in the Talcher Fertilizers Limited project. This approval represents a significant increase from the previous equity investment amount, which stood at around Rs. 1184.20 Crore. The new investment allocation underscores the [&hellip;]
- [TVS Motor Company Has Entered France, Partnering With Emil Frey](https://angelnews.in/tvs-motor-company-has-entered-france-partnering-with-emil-frey/): France: TVS Motor Company (TVSM), a prominent global automaker specializing in the two and three-wheeler segment, is currently showcasing its product range for Europe at the Salon du Deux Roues in Lyon until March 10, 2024. This marks TVS Motor&#8217;s entry into France, facilitated by a partnership with Emil Frey, a century-old enterprise renowned for its extensive distribution network and deep market insights in Europe. As the world&#8217;s fourth-largest manufacturer of two and three-wheelers and the third most valued by market capitalization, TVS Motor&#8217;s products are already available in 80 countries. At the exhibition, the company is featuring its notable models [&hellip;]
- [Apeejay Surrendra Park Hotels Limited Q3 2024 Results : Net Profit Increases 85% QOQ To 27.4 Crores](https://angelnews.in/apeejay-surrendra-park-hotels-limited-q3-2024-results-net-profit-increases-85-qoq-to-27-4-crores/): Apeejay Surrendra Park Hotels Limited Q3 2024 Results : The Board of Directors of Apeejay Surrendra Park Hotels Limited approved and acknowledged the Unaudited (Standalone and Consolidated) Financial Results of the Company for the quarter and nine-month period ending on December 31, 2023. APEEJAY SURRENDRA PARK HOTELS LIMITED STATEMENT OF UNAUDITED CONSOLIDATED RESULTS FOR THE QUARTER ENDED 31 DECEMBER 2023 Commenting on the performance for Q3 and 9M FY24, Ms. Priya Paul, Chairperson, expressed her satisfaction, stating: &#8220;We are thrilled to present our inaugural earnings announcement following our remarkable listing. We extend a warm welcome to all our public shareholders and [&hellip;]
- [Tata Communications Invests in Global Live Production Services With a New Facility Switch @ Victory in Los Angeles](https://angelnews.in/tata-communications-invests-in-global-live-production-services-with-a-new-facility-switch-victory-in-los-angeles/): New York, USA : Tata Communications has unveiled a state-of-the-art production and delivery facility in Los Angeles called The Switch @ Victory, signaling a strategic investment to advance their services and expand business opportunities in global live production. Situated on Victory Boulevard within Hollywood&#8217;s media production hub, this sprawling two-story building spans 66,712 square feet on a two-acre plot. The Switch @ Victory offers versatile configurations to meet diverse customer needs and serves as a central hub for Tata Communications&#8217; and The Switch&#8217;s collaborative production and delivery services. Catering to a broad clientele ranging from major sports leagues to corporate events [&hellip;]
- [VIBHOR STEEL TUBES Q3 2024 Results : Total Income Was at 251.2 Crores](https://angelnews.in/vibhor-steel-tubes-q3-2024-results-total-income-was-at-251-2-crores/): VIBHOR STEEL TUBES Q3 2024 Results : At the meeting held today by VIBHOR STEEL TUBES LTD on Thursday, March 7th, 2024, the Board of Directors of the Company reviewed and approved various items on the agenda. Among these, the Board considered and approved the Unaudited Standalone Financial Results for the Quarter and Nine Months ended December 31st, 2023. VIBHOR STEEL TUBES LTD STANDALONE STATEMENT OF FINANCIAL RESULTS FOR THE NINE MONTHS/ QUARTER ENDED ON DECEMBER 31, 2023 Results Highlights: Q3 Total Income Was at 251.2 Crores Cost of Raw material consumed : 223.9 Crores Rupees Employee benefit expenses : 5.69 [&hellip;]
- [Torrent Power has Been Awarded a 306 MW Solar Project in Maharashtra](https://angelnews.in/torrent-power-has-been-awarded-a-306-mw-solar-project-in-maharashtra/): Maharashtra : Torrent Power Limited has secured a significant achievement by being selected as a successful bidder and receiving a Letter of Award from Maharashtra State Electricity Distribution Co. Limited (MSEDCL) on March 7, 2024. The awarded project involves the establishment of a 306 MW grid-connected Solar power project spread across 48 distributed locations in Nasik District, Maharashtra. The Letter of Award was presented by the Hon’ble Deputy Chief Minister of Maharashtra, Shri Devendra Fadnavis. The Company has been granted a Letter of Award (LOA) by Maharashtra State Electricity Distribution Co. Limited (MSEDCL) for the supply of 306 MW Solar power [&hellip;]
- [Rail Vikas Nigam Limited Wins Order Worth Rs 251 Crores From Madhya Pradesh PoorvKshetra Vidyut Vitaran Company Ltd](https://angelnews.in/rail-vikas-nigam-limited-wins-order-worth-rs-251-crores-from-madhya-pradesh-poorvkshetra-vidyut-vitaran-company-ltd/): India : RVNL has secured the Letter of Acceptance (LOA) for the &#8220;Supply, Installation, testing, and commissioning of 11 KV Line associated works&#8221; in Jabalpur City, Jabalpur O&amp;M, Katni, Mandla, Dindori, Seoni, Chhindwara, Narsinghpur, Balaghat, Shahdol, Anuppur, and Umariya Circles of MPPKVVCL, Jabalpur Company area. This project, part of the Revamped Reforms-based and Results-linked Distribution sector (Package-11), includes tasks such as 11 KV Line Bifurcation, 11 KV Line Interconnection, 11 KV Line conductor Augmentation, LT AB cabling augmentation, and conversion of LT Bare conductor to AB cabling. The order or contract is to be executed within a period of 24 months. [&hellip;]
- [Cyient DLM LIMITED Incorporated Wholly Owned Subsidiary Cyient DLM INC](https://angelnews.in/cyient-dlm-limited-incorporated-wholly-owned-subsidiary-cyient-dlm-inc/): Delaware, USA : The entity Incorporated, Cyient DLM INC, operates under the General Corporation Law of the State of Delaware, with its registered office situated in Delaware, USA. It primarily operates in the United States but may have a global presence. The Incorporation involved the acquisition of 100% of the shareholding/control of Cyient DLM INC. This transaction was facilitated through a cash consideration, whereby the acquiring entity subscribed to the bylaws of Cyient DLM INC and infused share capital in cash. The Incorporation aligns with the corporation&#8217;s objective to engage in any lawful act or activity permitted under the General Corporation [&hellip;]
- [Gujarat Gas Limited (GGL) and Bharat Petroleum Corporation Limited (BPCL) Have Signed a MOU](https://angelnews.in/gujarat-gas-limited-ggl-and-bharat-petroleum-corporation-limited-bpcl-have-signed-a-mou/): Ahmedabad :Gujarat Gas Limited (GGL) and Bharat Petroleum Corporation Limited (BPCL) have formalized a Memorandum of Understanding (MOU), outlining their collaborative efforts to enhance operational efficiency and service quality. Here&#8217;s an overview of their collaborative initiatives: Provision of Liquid Fuels: GGL and BPCL will join forces to provide liquid fuels such as petrol and diesel, along with BPCL&#8217;s range of petroleum products including automotive lubricants, greases, and specialties. These offerings will be available at selected GGL outlets. Supply of Automotive Lubricants: BPCL will supply automotive lubricants, greases, and specialties for sale at both GGL&#8217;s Company Owned Company Operated (COCO) and franchise [&hellip;]
- [H.G. Infra Engineering Limited has Secured the Status of L-1 Bidder for a 690.05 Crore Rupees Project by NHAI](https://angelnews.in/h-g-infra-engineering-limited-has-secured-the-status-of-l-1-bidder-for-a-690-05-crore-rupees-project-by-nhai/): H.G. Infra Engineering Limited : The National Highways Authority of India (NHAI), a governmental body responsible for the development and maintenance of national highways in India, has awarded a significant contract to H.G. Infra Engineering Limited. This contract pertains to the construction of a 4-lane Elevated corridor of Kalimandir-Dimna Chowk-Baliguma (Jamshedpur) Section of NH-33 (New NH-18) in the state of Jharkhand. The scope of the project entails the development of a 10.021-kilometer stretch, extending from km 241.940 to km 251.961, under NH(O) on Engineering, Procurement, and Construction (EPC) mode. This elevated corridor is envisioned to enhance connectivity and ease traffic congestion [&hellip;]
- [The myCAMS Mutual Fund App From CAMS Has Successfully Completed a Decade](https://angelnews.in/the-mycams-mutual-fund-app-from-cams-has-successfully-completed-a-decade/): Chennai : Computer Age Management Services Limited (CAMS), India’s largest registrar and transfer agent of mutual funds (a SEBI regulated entity), has announced that its mutual fund app myCAMS, a unified portal servicing investors across CAMS serviced mutual funds, has successfully completed 10 years. Within just one year, the market-leading platform myCAMS has welcomed 1 million new registered investors, bringing its total registered user base to 6.5 million. myCAMS ranks among the top three apps in the mutual fund industry, managing assets under management (AuM) of Rs. 30,000 crore. Despite a decade in operation and amidst numerous other fintech apps in [&hellip;]
- [Sonata Software Enhances Harmoni.AI Using Microsoft Azure AI to Drive Responsible AI Adoption in Enterprises](https://angelnews.in/sonata-software-enhances-harmoni-ai-using-microsoft-azure-ai-to-drive-responsible-ai-adoption-in-enterprises/): Bangalore, INDIA : Sonata Software, a leading Modernization Engineering company [NSE: SONATSOFTW, BSE: 532221], has taken a significant stride towards accelerating responsible-first AI adoption in enterprises. They&#8217;ve announced the integration of Sonata Harmoni.AI with Microsoft Azure AI service. This integration supplements Sonata&#8217;s partnership with Microsoft Fabric and its role as a member of the Microsoft AI Partner Council. Sonata Harmoni.AI, available on Azure Marketplace, is an offering focused on responsible-first AI, offering a range of Industry solutions, service delivery platforms, and accelerators leveraging Generative AI. By merging Sonata Harmoni.AI with Microsoft Azure AI, customers are empowered with responsible-first solutions emphasizing robust [&hellip;]
- [SJVN Green Energy Limited (SGEL) has Secured 1,352 MW of Solar Power Projects](https://angelnews.in/sjvn-green-energy-limited-sgel-has-secured-1352-mw-of-solar-power-projects/): Maharashtra : SJVN Green Energy Limited (SGEL) has been granted Letter of Awards for a combined capacity of 1,352 MW for various solar power projects to be developed in Nashik, Solapur, Ahmednagar, and Pune Districts of Maharashtra under the Mukhya Mantri Saur Krushi Vahini Yojana. These projects were secured through competitive bidding as part of a tender floated by MSEB Agro Power Limited (MSAPL) for a total capacity of 7,000 MW. The initiative falls under component C of the PM-KUSUM scheme, aiming to solarize feeder levels. The investment required for developing these projects amounts to approximately ₹7,436 Crores, marking SGEL&#8217;s initial [&hellip;]
- [Tata Motors Has Declared a Price Hike for its Commercial Vehicles Effective April 2024](https://angelnews.in/tata-motors-has-declared-a-price-hike-for-its-commercial-vehicles-effective-april-2024/): Mumbai : Tata Motors, renowned as India&#8217;s foremost commercial vehicle manufacturer, has made an official announcement regarding its decision to implement a price increase for its commercial vehicle lineup, effective from the 1st of April 2024. This strategic adjustment will see prices surge by up to 2%, a measure undertaken to mitigate the lingering impact stemming from past escalations in input costs. This incremental adjustment in pricing will be tailored to individual models and variants within the commercial vehicle range, ensuring a balanced approach across the entirety of Tata Motors&#8217; offerings in this sector. By applying this increase uniformly across their [&hellip;]
- [Persistent Systems is Advancing Digital Engineering Through its AI-driven SASVA Platform](https://angelnews.in/persistent-systems-is-advancing-digital-engineering-through-its-ai-driven-sasva-platform/): Santa Clara, CA | Pune, India : Persistent Systems, a global leader in Digital Engineering and Enterprise Modernization (listed on BSE and NSE as PERSISTENT), has unveiled SASVA, a cutting-edge enterprise AI platform designed to streamline software releases, accelerate time-to-market, and enhance efficiency. Derived from the Sanskrit word &#8220;Shashvatah,&#8221; meaning timelessness, SASVA ensures continual improvement in the rapidly evolving software landscape. By leveraging Large Language Models (LLMs) and Machine Learning (ML), SASVA addresses various use cases across the software development lifecycle, including preventing technical debt in new development, minimizing accumulated technical debt in mid- to late-stage software, and tackling complex scenarios [&hellip;]
- [HCL Technologies and ServiceNow Have Joined Forces in a Strategic Partnership to Provide Solutions Driven by GenAI](https://angelnews.in/hcl-technologies-and-servicenow-have-joined-forces-in-a-strategic-partnership-to-provide-solutions-driven-by-genai/): NEW YORK, US | NOIDA, India : HCL Technologies, a leading global technology company, and ServiceNow, the premier digital workflow company committed to improving operations for all, have announced a partnership focused on delivering innovative solutions powered by generative AI (GenAI). These solutions will empower enterprises to swiftly and effectively integrate ServiceNow&#8217;s GenAI capabilities across various business domains. C Vijayakumar, CEO &amp; Managing Director of HCL Technologies, expressed excitement about the collaboration, stating, &#8220;We are excited to strengthen our partnership with ServiceNow to assist our clients in harnessing the potential of GenAI. With HCL Technologies&#8217; unique portfolio and strong engineering background, [&hellip;]
- [SpiceJet Has Settled a $49.8 Million (INR 413 Crore) Dispute With Echelon Ireland Madison One Ltd](https://angelnews.in/spicejet-has-settled-a-49-8-million-inr-413-crore-dispute-with-echelon-ireland-madison-one-ltd/): GURUGRAM : SpiceJet has recently announced a significant breakthrough with the successful resolution of a $49.8 million (INR 413 Crore) dispute with Echelon Ireland Madison One Ltd. This resolution stands as a pivotal achievement for SpiceJet, resulting in substantial cost savings and bolstering the company’s financial position. SpiceJet has achieved its third major settlement following a recent fundraising initiative. These successful resolutions have led to substantial savings totaling INR 685 Crore for the airline. Additionally, SpiceJet has expanded its fleet by acquiring three airframes and an engine, further enhancing its operational capacity. The settlement entails significant benefits, including savings of $48 [&hellip;]
- [Science Based Targets Initiative(SBTi) Validates Tata Power’s Near-Term Objectives](https://angelnews.in/science-based-targets-initiativesbti-validates-tata-powers-near-term-objectives/): India : Tata Power, one of India’s major integrated power companies, has had its near-term objectives validated by the Science Based Targets Initiative (SBTi). This recognition positions the company as the sole Indian Integrated Power entity with validated SBTi targets, aligning with the well-below 2°C trajectory. Tata Power aims to significantly reduce scope 1 GHG emissions by FY2037 from a FY2022 baseline and achieve a reduction in scope 1 and 3 GHG emissions from the generation of all sold electricity within the same timeframe. The SBTi, a collaboration between CDP (Carbon Disclosure Project), the United Nations Global Compact (UNGC), the World [&hellip;]
- [L&T Vertical L&T Energy Hydrocarbon Secures a Significant Offshore Order for its Hydrocarbon Business From ONGC](https://angelnews.in/lt-vertical-lt-energy-hydrocarbon-secures-a-significant-offshore-order-for-its-hydrocarbon-business-from-ongc/): Mumbai : Larsen &amp; Toubro&#8217;s Hydrocarbon vertical (L&amp;T Energy Hydrocarbon – LTEH) has successfully secured an order from the Oil &amp; Natural Gas Corporation (ONGC) for the MHN TCPP PGC BGC Project (MTPBP) situated off India’s West Coast. The scope of work encompasses engineering, procurement, construction, installation, and commissioning of new Process Gas Compressor (PGC) modules at ONGC’s Mumbai High &amp; Tapti offshore locations, alongside upgrading existing facilities to boost production. This order underscores the confidence that customers place in L&amp;T’s capabilities and affirms L&amp;T’s unwavering commitment to assisting ONGC in meeting India’s energy requirements. Operating under Offshore, Onshore EPC, Modular [&hellip;]
- [Suzlon Secures a 72.45 MW Order From Juniper Green Energy for Their 3 MW Series Turbines](https://angelnews.in/suzlon-secures-a-72-45-mw-order-from-juniper-green-energy-for-their-3-mw-series-turbines/): Pune, India : Suzlon Group , India&#8217;s foremost provider of renewable energy solutions, has announced a recent contract win to construct a 72.45 MW wind power project for Juniper Green Energy Private Limited. The project entails installing 23 wind turbine generators (WTGs) equipped with a Hybrid Lattice Tubular (HLT) tower, each boasting a capacity of 3.15 MW, at the client&#8217;s location in Gujarat&#8217;s Dwarka district. Key Highlights: Supplying 23 wind turbines, each with a rated capacity of 3.15 MW: The project is located at the client’s site in Gujarat&#8217;s Dwarka district, with a cumulative installed capacity of 72.45 MW This initiative [&hellip;]
- [Cyient Joins the eSync Alliance Through the Incorporation of eSync Technology](https://angelnews.in/cyient-joins-the-alliance-through-the-incorporation-of-esync-technology/): Hyderabad : Cyient, a global leader in Intelligent Engineering and Technology Solutions, has recently joined the eSync Alliance, aligning with the growing momentum for a standardized approach to automotive over-the-air (OTA) connectivity. With over two decades of expertise in automotive and semiconductor systems and software sectors, Cyient is renowned for delivering innovative solutions to global OEMs and Tier-1s. Their extensive experience spans across various automotive domains, including digital cockpits, in-vehicle infotainment systems (IVI), advanced driver assistance systems (ADAS), vehicle electrification, and connected car technology. Cyient&#8217;s solutions are geared towards achieving zero accidents and creating personalized user experiences. Leveraging their capabilities in [&hellip;]
- [Gujarat Toolroom Limited Wins Rs. 29 Crore Order From Reliance Industries Limited](https://angelnews.in/gujarat-toolroom-limited-wins-rs-29-crore-order-from-reliance-industries-limited/): Ahmedabad, Gujarat : Gujarat Toolroom Limited is excited to announce the successful acquisition of a significant order valued at Rs. 290 million (Rs. 29 crore) from Reliance Industries Limited for construction supplies. This substantial order marks the beginning of a promising collaboration between GTL and Reliance Industries Limited. Demonstrating trust and confidence in GTL&#8217;s capabilities, this initial order is just the start, with GTL anticipating further orders from Reliance Industries Limited in the near future. Committed to delivering high-quality products and services, GTL aims for mutual growth and success for both parties involved. Additionally, GTL foresees securing additional orders from various [&hellip;]
- [Infosys and ATP Extend Partnership Until 2026 to Propel AI-First Innovations in Professional Tennis](https://angelnews.in/infosys-and-atp-extend-partnership-until-2026-to-propel-ai-first-innovations-in-professional-tennis/): London, United Kingdom : Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, has announced the extension of its digital innovation partnership with the ATP Tour until 2026. This three-year renewal will leverage Infosys&#8217; expertise in digital technologies such as Artificial Intelligence, Data Analytics, and Cloud to enhance the fan experience and elevate player performance in professional tennis. Since its inception in 2015, the collaboration between Infosys and ATP has yielded numerous digital assets, including the transformation of the ATP PlayerZone intranet portal, the launch of the groundbreaking ATP Tour fan app, and the integration of [&hellip;]
- [Subex Limited Has Won a Deal With a Leading Telecom Operator in Southeast Asia](https://angelnews.in/subex-limited-has-won-a-deal-with-a-leading-telecom-operator-in-southeast-asia/): Bangalore, India : Subex Limited, renowned for its expertise in telecom AI solutions that enhance connected experiences, announces a significant deal with a prominent telecom operator in Southeast Asia. This agreement entails the deployment of Subex&#8217;s cutting-edge Business Assurance and Fraud Management solutions on HyperSense, marking a milestone in the longstanding partnership between Subex and the operator. Building on the successful implementation of ROC Revenue Assurance and Fraud Management systems over two decades, this collaboration underscores the operator&#8217;s commitment to becoming a leading telecom tech company driving digitalization in the region. The operator&#8217;s vision to evolve into a future-ready telecom leader [&hellip;]
- [Gravita India Limited Increases the Capacity of its Plant Located in Tanzania](https://angelnews.in/gravita-india-limited-increases-the-capacity-of-its-plant-located-in-tanzania/): Tanzania | Jaipur : Gravita India Limited, a prominent player in the recycling industry with a global manufacturing presence, announces that its subsidiary, Gravita Tanzania Limited, has augmented the capacity of its existing recycling unit in Tanzania. The expansion adds 5,000 Metric Tonnes Per Annum (MTPA) to the unit&#8217;s battery recycling capacity, bringing the total capacity to 12,000 MTPA. This move aligns with Gravita&#8217;s strategic target to achieve a total group capacity of 4,25,000 MTPA by the fiscal year 2026, now reaching a total of 2,90,859 MTPA. The increased production will serve the global battery industry&#8217;s demands and contribute to establishing [&hellip;]
- [V-Guard Industries Limited Invested in its Subsidiary V-Guard Consumer Products Limited](https://angelnews.in/v-guard-industries-limited-invested-in-its-subsidiary-v-guard-consumer-products-limited/): Kochi : V-Guard Consumer Products Limited (VCPL), a wholly owned subsidiary of V-Guard Industries Limited, has embarked on a significant venture by initiating commercial production of Kitchen Appliances, namely Mixer Grinder and Gas Stove. This endeavor represents a strategic move to diversify VCPL&#8217;s product portfolio and capitalize on emerging market opportunities. The state-of-the-art manufacturing facility, strategically located in Vapi, Gujarat, stands as a testament to VCPL&#8217;s commitment to innovation and excellence. The project, which commenced operations on March 6, 2024, required a substantial investment of approximately ₹20 crores. This investment was made possible through internal accruals, reflecting VCPL&#8217;s financial prudence and [&hellip;]
- [GMDC Advances Towards Operationalizing "Baitarni-West," Among India's largest Coal Mines](https://angelnews.in/gmdc-advances-towards-operationalizing-baitarni-west-among-indias-largest-coal-mines/): Ahmedabad, Gujarat : The Board of Directors of Gujarat Mineral Development Corporation Ltd. (GMDC) has endorsed the Land and Resettlement &amp; Rehabilitation (R&amp;R) plan for &#8220;Baitarni-West,&#8221; one of India’s largest coal mines, situated in Odisha. This approval reflects GMDC&#8217;s commitment to balancing industrial development with energy security, recognizing coal as a critical component of India’s energy mix. The decision underscores GMDC&#8217;s dedication to expeditiously operationalize the mine, thereby fostering industrial growth in Odisha and enhancing energy security in Gujarat. With a planned Peak Rated Capacity (PRC) of 15 million tonnes per annum, &#8220;Baitarni-West&#8221; is poised to become one of the country&#8217;s [&hellip;]
- [Azad Engineering has Secured a Long Term Strategic Supplier Agreement (SSA) with Nuovo Pignone Srl](https://angelnews.in/azad-engineering-has-secured-a-longterm-strategic-supplier-agreement-ssa-with-nuovo-pignone-srl/): Florence, Italy : Azad Engineering has successfully secured a Long-Term Strategic Supplier Agreement (SSA) with Nuovo Pignone Srl, a prominent entity within Baker Hughes&#8217; Industrial &amp; Energy Technology (IET) division, based in Florence, Italy, Europe. This agreement signifies a significant milestone for Azad Engineering, as it entails a mutually beneficial partnership extending over a period of five years. Under this agreement, Azad Engineering will provide high-complexity and critical components tailored for the Oil &amp; Gas sector. This strategic alliance promises to generate substantial business value for both parties involved, reinforcing Azad Engineering&#8217;s position as a trusted and reliable partner in the [&hellip;]
- [KPI Green Has Received New Orders Aggregating to 9.40 MW Under CPP Segment](https://angelnews.in/kpi-green-has-received-new-orders-aggregating-to-9-40-mw-under-cpp-segment/): India : KPI Green has recently acquired substantial new orders totaling 9.40 MW for the development of solar power projects. This significant achievement underscores the company&#8217;s growing presence and expertise in the renewable energy sector. Specifically, KPI Green Energy Limited, a subsidiary of the Company, has been entrusted with the responsibility of overseeing a capacity of 5 MW within this project portfolio. Additionally, M/s. KPIG Energia Private Limited, another subsidiary of KPI Green, has been allocated a capacity of 4.40 MW under the &#8216;Captive Power Producer (CPP)&#8217; Segment. This expansion into solar power projects marks a strategic move by KPI Green [&hellip;]
- [Fairfax India Has Agreed to Provide up to US$200 Million in liquidity Support to IIFL Finance](https://angelnews.in/fairfax-india-has-agreed-to-provide-up-to-us200-million-in-liquidity-support-to-iifl-finance/): Mumbai : Fairfax India Holdings Corporation (Fairfax India; TSX: FIH.U), a longstanding investor in IIFL Finance Limited, has announced its commitment to offer liquidity support following the recent Reserve Bank of India (RBI) embargo effective March 5, 2024, on the company&#8217;s gold loan disbursements. The RBI&#8217;s embargo has sparked liquidity concerns among the company’s investors and lenders. In response, Fairfax India has agreed to provide up to US$200 million in liquidity support, subject to mutually agreed terms and applicable laws, including any necessary regulatory approvals. Prem Watsa, Chairman of Fairfax India, expressed confidence in the IIFL group of companies and its [&hellip;]
- [DroneAcharya Aerial Innovations Limited has Revealed its Expansion Into the Southeast Asian Market](https://angelnews.in/droneacharya-aerial-innovations-limited-has-revealed-its-expansion-into-the-southeast-asian-market/): Thailand : DroneAcharya Aerial Innovations Limited, a prominent figure in the Indian Drone industry, is thrilled to announce its expansion into the Southeast Asian market. This expansion is marked by the official inauguration of Drone Entry Thailand&#8217;s new office, strategically situated at AIT Bangkok. This move represents a significant milestone for the company as it extends its presence in drone sales, services, and training across Southeast Asia, capitalizing on its established base and networks in Bangkok, Thailand. Initially, the company will focus on penetrating key markets in Southeast Asia, including Thailand, Malaysia, the Philippines, Cambodia, and Indonesia. Prateek Srivastava, Founder and [&hellip;]
- [JSW Steel Appoints Robert Simon as CEO of JSW USA](https://angelnews.in/jsw-steel-appoints-robert-simon-as-ceo-of-jsw-usa/): BAYTOWN (USA) | MUMBAI (India) : JSW Steel, India&#8217;s foremost steel company and a flagship entity of the US$ 23 billion JSW Group, has named Robert Simon (Rob) as the Chief Executive Officer of JSW USA. In his new role, he will oversee the overall business operations including slab, coil, pipe, and plate production and sales at Baytown and Mingo Junction. Rob will report to the respective Boards of both JSW Steel&#8217;s subsidiary companies. Rob, an Industrial Engineer from West Virginia University, began his career as a Production Manager and progressed to become the General Manager for Oregon Brass Works. He [&hellip;]
- [Aramco Digital and LTIMindtree are Collaborating to Launch a KSA Digital and IT Services Company](https://angelnews.in/aramco-digital-and-ltimindtree-are-collaborating-to-launch-a-ksa-digital-and-it-services-company/): Saudi Arabia | Mumbai, India : Aramco Digital, Aramco&#8217;s digital and technology subsidiary, and LTIMindtree, a global technology consulting and digital solutions company, have entered into a shareholders’ agreement to establish an IT services company in Saudi Arabia. This prospective company aims to demonstrate innovation through disruptive digital services and transformative industry 4.0 systems integration capabilities, aligning with the objectives of Saudi Vision 2030 by creating highly skilled job opportunities for Saudis in this sector. This joint venture is being formed under the Aramco Namaat Industrial Investments Program. Sudhir Chaturvedi, President and Executive Board Member of LTIMindtree, expressed full alignment with [&hellip;]
- [General Motors, Magna, and Wipro Are Partnering to Create an Automotive Software Marketplace Named 'SDVerse'](https://angelnews.in/general-motors-magna-and-wipro-are-partnering-to-create-an-automotive-software-marketplace-named-sdverse/): DETROIT : General Motors (GM), along with global automotive supplier Magna and leading technology services and consulting company Wipro Limited, have partnered to develop SDVerse, a B2B sales platform for automotive software. This platform aims to revolutionize the automotive software sourcing and procurement process by serving as a matchmaking platform for buyers and sellers of embedded automotive software. SDVerse operates as a &#8220;matchmaking&#8221; platform connecting buyers and sellers of embedded automotive software, emphasizing the matching process over captive software development. This digital platform enhances transparency and streamlines inefficiencies in software development and procurement. Leading companies such as Ampere, FEV, Forvia, HL [&hellip;]
- [Sonata Software is Opening a Delivery Center in Poland to Meet the Increasing Demands of its Global Clients](https://angelnews.in/sonata-software-is-opening-a-delivery-center-in-poland-to-meet-the-increasing-demands-of-its-global-clients/): Krakow, POLAND : Sonata Software, a leading Modernisation Engineering company, revealed its strategic expansion plans by announcing the establishment of a delivery center in Kraków, Poland. This move aims to meet the increasing demands for business transformation, modernisation, and cost optimisation initiatives from European clients. Leveraging Poland&#8217;s rich tech talent pool and favorable economic environment, Sonata plans significant investment to enhance regional capabilities, provide close-to-client service delivery, and effectively penetrate the European market. Samir Dhir, Managing Director and CEO of Sonata Software, expressed excitement about attracting top modernization engineering talent and reiterated the company&#8217;s commitment to innovation, quality, and excellence. He [&hellip;]
- [BHEL Received an INR 9,500 Crs Order From NTPC Ltd, Details](https://angelnews.in/bhel-received-an-inr-9500-crs-order-from-ntpc-ltd-details/): Uttar Pradesh : Bharat Heavy Electricals Limited (BHEL) has secured an order from NTPC Ltd for the establishment of the Singrauli Super Thermal Power Project, Stage-III (2&#215;800 MW) in Sonebhadra District, Uttar Pradesh. This contract pertains to the Engineering, Procurement, and Construction (EPC) package for the Singrauli Super Thermal Power Project Stage-III (2&#215;800 MW) situated in Sonebhadra, Uttar Pradesh, India. The contract, awarded through International Competitive Bidding, involves the supply of equipment such as boilers, turbines, generators, and associated auxiliaries, along with electrical and Control &amp; Instrumentation (C&amp;I) components, erection and commissioning, civil works, and has a completion period of 50 [&hellip;]
- [J. Kumar Infraprojects Limited Wins Orders Worth 1822 Crore Rupees](https://angelnews.in/j-kumar-infraprojects-limited-wins-orders-worth-1822-crore-rupees/): Maharashtra : J. Kumar Infraprojects Limited subsidiary J. Kumar &#8211; RPS (JV) has been awarded a Letter of Acceptance (LOA) by the Brihanmumbai Municipal Corporation for the project titled &#8220;Proposed construction of Elevated Road Corridor from Eastern Freeway (Orange Gate) to Grant Road Area.&#8221; The total contract cost for this project amounts to Rs. 1,329,71,89,430.00 (Rupees One Thousand Three Hundred Twenty-Nine Crores Seventy-One Lakhs Eight Nine Thousand Four Hundred Thirty Only), excluding GST. The Company&#8217;s share in the contract is 70%, equivalent to Rs. 930,80,32,601/- (Rupees Nine Hundred and Thirty Crores Eighty Lakhs Thirty-Two Thousand Six Hundred and One only), excluding [&hellip;]
- [Jubilant Ingrevia Limited Commissions Multipurpose Agro Active & Intermediate Plant Via Subsidiary](https://angelnews.in/jubilant-ingrevia-limited-commissions-multipurpose-agro-active-intermediate-plant-via-subsidiary/): Noida, Uttar Pradesh : Jubilant Ingrevia Limited has announced the inauguration of its advanced multipurpose agro active &amp; intermediate plant, located at its manufacturing facility in Bharuch, Gujarat. Established by the Company&#8217;s wholly-owned subsidiary, Jubilant Agro Sciences Limited, the plant is strategically positioned to meet the growing global demand for agro actives &amp; intermediates. This facility will serve both the Company&#8217;s Contract Manufacturing Organization (CMO) clients and its own actives. Jubilant Ingrevia has been producing various agro intermediates at its Bharuch facility, and the new plant will further enhance its presence in the agrochemicals sector. Primarily focusing on insecticides intermediates and [&hellip;]
- [Allied Digital Secures Rs. 190 Crore Order for MIDC-Taloja Smart Industrial City Project](https://angelnews.in/allied-digital-secures-rs-190-crore-order-for-midc-taloja-smart-industrial-city-project/): Mumbai, India : Allied Digital Services Limited is excited to announce the acquisition of a Letter of Intent for the Taloja Smart Industrial City Solution contract, valued at Rs. 190 Crores. This transformative project encompasses an 18-month implementation phase, followed by a 60-month Operations and Maintenance phase. The project&#8217;s scope includes establishing an Integrated Command &amp; Control Centre (ICCC) at both the Corporation&#8217;s Head office and the Industrial Township. The ICCC software will seamlessly integrate with a Cloud-based Data Center/Disaster Recovery system. Furthermore, the project entails deploying a state-of-the-art CCTV-based Surveillance System to enhance security and monitoring capabilities. AI-driven Smart infrastructure [&hellip;]
- [FSSAI Confirms McDonald’s India's Use of 100% Real Cheese After Rumours of Fake Cheese](https://angelnews.in/fssai-confirms-mcdonalds-indias-use-of-100-real-cheese-after-rumours-of-fake-cheese/): Mumbai : The apex food safety standards regulator of India, the Food Safety and Standards Authority of India (FSSAI), under the administration of the Ministry of Health and Family Welfare, Government of India, has officially verified that McDonald’s India utilizes &#8216;100% Real Cheese&#8217;. This confirmation validates the brand’s claim that it exclusively uses authentic cheese and refrains from incorporating any cheese analogues or substitutes in its products. The confirmation from FSSAI explicitly states, “Articles in question contain Cheese or cheese product as a part of composition and does not contain analogue in dairy context in any form.” This endorsement underscores McDonald’s [&hellip;]
- [SpiceJet and Cross Ocean Partners Resolve $11.2 Million(INR 93 Crore) Dispute](https://angelnews.in/spicejet-and-cross-ocean-partners-resolve-11-2-millioninr-93-crore-dispute/): GURUGRAM : SpiceJet announced today that it has reached settlement terms with aircraft leasing firm Cross Ocean Partners, effectively resolving a dispute of approximately $11.2 million (INR 93 Crore). This joint announcement was made before the Delhi High Court during the ongoing execution petition pursued by Cross Ocean Partners. The settlement is anticipated to generate significant savings for SpiceJet while also putting an end to the dispute. Additionally, as part of the agreement, the airline will benefit from the transfer of an airframe and engine at no extra cost, thereby enhancing its operational capabilities. By opting for amicable negotiations to resolve [&hellip;]
- [Ace Turtle Teams Up with Shoppers Stop to Grow Dockers in India](https://angelnews.in/ace-turtle-teams-up-with-shoppers-stop-to-grow-dockers-in-india/): Bengaluru, India : Ace Turtle, India’s top technology-native retail company, and Shoppers Stop, the country’s premier omni-channel fashion and beauty destination, have unveiled the launch of Dockers, a leading global khaki brand. The versatile and timeless men&#8217;s collection from Dockers will now be accessible at 15 Shoppers Stop stores and online at shoppersstop.com, marking a noteworthy achievement for both brands. The Dockers collection at Shoppers Stop showcases a meticulously curated array of clothing and accessories tailored for today&#8217;s modern Indian consumers. From chinos and shirts to sweaters and jackets, each piece epitomizes Dockers’ dedication to quality craftsmanship, innovative materials, and timeless [&hellip;]
- [HCLTech Unveils AI Force to Speed up Software Development and Engineering Lifecycle](https://angelnews.in/hcltech-unveils-ai-force-to-speed-up-software-development-and-engineering-lifecycle/): NEW YORK, US | NOIDA, India : HCLTech, a prominent global technology company, has introduced HCLTech AI Force, an innovative GenAI platform designed to accelerate time-to-value by revolutionizing the software development and engineering lifecycle. This platform aims to enhance productivity, improve quality, and expedite release timelines. The patented GenAI platform, built on Azure OpenAI and compatible with Microsoft GitHub Copilot, is system-agnostic. It offers a customizable suite of GenAI-based solutions aimed at infusing intelligence into all aspects of software development and engineering workflows to enhance efficiency and developer experience. &#8220;We are proud to lead the way in AI possibilities and are [&hellip;]
- [Tata Power Solar Systems And Union Bank Renew Partnership to Boost Residential Rooftop Solar Adoption](https://angelnews.in/tata-power-solar-systems-and-union-bank-renew-partnership-to-boost-residential-rooftop-solar-adoption/): India : Tata Power Solar Systems Limited (TPSSL), a prominent solar company in India and a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), has revealed the renewal and broadening of its collaboration with Union Bank of India (UBI). This partnership aims to provide financing solutions for residential customers, aligning with the Government&#8217;s PM Surya Ghar Muft Bijli Yojana, as well as for commercial and industrial (C&amp;I) customers. Tata Power Solar Systems Limited (TPSSL), a significant player in India&#8217;s solar industry and a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), has announced the renewal and expansion of its [&hellip;]
- [Blue Star Introduces Over 100 New Models of Room Air Conditioners](https://angelnews.in/blue-star-introduces-over-100-new-models-of-room-air-conditioners/): India : Blue Star Limited has unveiled its new lineup of room air conditioners, featuring both an &#8220;affordable&#8221; and a &#8220;premium&#8221; range, in anticipation of the upcoming summer season. With over 100 models introduced, including inverter, fixed speed, and window ACs, the company aims to cater to diverse consumer segments. The rising demand for room ACs, driven by the growing middle class and the product&#8217;s increasing necessity, particularly in Tier 2, 3, and 4 markets, has sparked interest from both first-time buyers and those seeking replacements. The company has introduced three categories within the inverter split AC segment: flagship, premium, and [&hellip;]
- [iDAC Expo 2024 : Cosmo First Business Vertical Cosmo Sunshield Announces Participation](https://angelnews.in/idac-expo-2024-cosmo-first-business-vertical-cosmo-sunshield-announces-participation/): Jio World Convention Centre, Mumbai : Cosmo Sunshield, a forthcoming business vertical under Cosmo First specializing in premium window films, announces its participation in the iDAC Expo from March 7th to 9th, 2024, at the Jio World Convention Centre in Mumbai. Stall no A01 will showcase Cosmo Sunshield&#8217;s extensive range of premium window films. The company will produce various types of window films for automotive and architectural applications, including Safety Films, with plans for further expansion into additional categories. iDAC Expo provides a platform for Cosmo Sunshield to engage with new customers, distributors, and industry peers from sectors such as infrastructure, [&hellip;]
- [Swan LNG Private Limited, a Subsidiary of Swan Energy, Repays a Rs. 2206 Crore Loan](https://angelnews.in/swan-lng-private-limited-a-subsidiary-of-swan-energy-repays-a-rs-2206-crore-loan/): Mumbai, India :Swan Energy Limited (SEL), a significant global conglomerate involved in Real Estate, Textiles, Oil &amp; Gas, Defence, Commercial Shipbuilding and Ship Repairs, and Heavy Fabrication, has disclosed that its subsidiary, Swan LNG Private Limited (SLPL), has fully repaid a loan totaling approximately Rs. 2206 crore, including interest, to a consortium of banks. SLPL&#8217;s prepayment will result in savings of about Rs. 250 crore in interest payments, strengthening Swan group&#8217;s financial position and potentially prompting an upgrade and re-rating. Following the prepayment, SEL&#8217;s debt has decreased to Rs. 1675 crore. The group&#8217;s external debt, which stood at approximately Rs. 4128 [&hellip;]
- [Signature Global Records Sales of More Than 3600 Crores for its DE LUXE-DXP Project in Gurugram](https://angelnews.in/signature-global-records-sales-of-more-than-3600-crores-for-its-de-luxe-dxp-project-in-gurugram/): Gurugram, India : Signature Global, a prominent figure in India&#8217;s real estate industry, has revealed pre-formal launch sales surpassing INR 3600 crores for its newest upscale residential project, &#8216;DE LUXE-DXP,&#8217; located in Sector 37D, Gurugram. Covering an expansive area of 16.5 acres, this project boasts a sales potential of 2.7 million sq. ft. Strategically situated in Sector 37D, Gurugram, adjacent to the lively Dwarka Expressway. DE LUXE-DXP, an IGBC gold-rated project, presents 1008 units across 8 towers. Designed by internationally renowned architects AEDAS, landscape designer Sanju Bose, and interior designer Ms. Sonali Bhagwati, it offers a variety of options including 3BHK, [&hellip;]
- [SJVN Green Energy Limited Bagged the Full Bid Capacity of 200 MW GSECL Solar Park at Khavda, Gujarat](https://angelnews.in/sjvn-green-energy-limited-bagged-the-full-bid-capacity-of-200-mw-gsecl-solar-park-at-khavda-gujarat/): Khavda, Gujarat : SJVN Limited&#8217;s wholly owned subsidiary, SJVN Green Energy Limited (&#8220;SGEL&#8221;), has successfully secured a bid for 200 MW capacity in the tariff-based competitive bidding organized by Gujarat Urja Vikas Nigam Limited (&#8220;GUVNL&#8221;). This bidding aimed at the development of Solar Power Projects within the 1,125 MW GSECL Solar Park located at Khavda, Gujarat. The electronic reverse auction (e-RA) for this bidding took place on February 2, 2024, wherein SGEL emerged as the sole winner, acquiring the full bid capacity of 200 MW at a tariff rate of ₹2.66 per unit. The 200 MW Solar Power Project is set [&hellip;]
- [J.G.CHEMICALS LIMITED IPO : Company Profile, GMP, Price, Financial Details](https://angelnews.in/j-g-chemicals-limited-ipo-company-profile-gmp-price-financial-details/): J.G.CHEMICALS LIMITED IPO J.G.CHEMICALS LIMITED COMPANY PROFILE : J.G. Chemicals Limited holds the position of India’s foremost zinc oxide manufacturer, both in terms of production volume and revenue, particularly through the French process, which stands as the primary production method embraced by major producers across the Americas, Europe, and Asia. As of March 2022, the company commands a significant market share of approximately 30%. Offering a diverse portfolio, we market over 80 grades of zinc oxide and stand among the top ten manufacturers of zinc oxides worldwide. The product range of J.G. Chemicals Limited serves a broad array of industrial sectors, [&hellip;]
- [R K SWAMY LIMITED IPO : Company Profile, GMP, Price, Financial Details](https://angelnews.in/r-k-swamy-limited-ipo-company-profile-gmp-price-financial-details/): R K SWAMY LIMITED IPO DETAILS R K SWAMY LIMITED COMPANY PROFILE : R K Swamy Limited stands as a prominent integrated marketing service conglomerate in India, providing comprehensive solutions encompassing creative, media, data analytics, and market research services through a unified platform. It holds the 8th position in terms of anticipated operating revenue among the integrated marketing communications services groups in operation within India. R K Swamy Limited provides an extensive array of services across interconnected and complementary business sectors, including: Integrated Marketing Communications : (a) creative and digital content; (b) media (including digital); (c) events and activation planning, buying [&hellip;]
- [Nykaa Partners With the Apparel Group to Open a Beauty Retail Outlet in Dubai](https://angelnews.in/nykaa-partners-with-the-apparel-group-to-open-a-beauty-retail-outlet-in-dubai/): Dubai : Today, Nykaa, India&#8217;s largest omni-channel beauty retailer with a multi-billion-dollar valuation, and Apparel Group, a prominent retail conglomerate in the GCC, proudly unveiled the inaugural Nysaa store in the GCC region at City Centre Mirdif, Dubai. This significant occasion signals the commencement of a strategic partnership between two retail powerhouses, combining Nykaa&#8217;s leadership in beauty retail with the Apparel Group&#8217;s retail expertise in the GCC region. Together, they aim to provide consumers in Dubai with a meticulously curated, world-class shopping experience. Nysaa&#8217;s omni-channel platform features an extensive portfolio of over 150 brands and offers a diverse selection of more [&hellip;]
- [PROG Holdings and Infosys have collaborated to Deliver AI-Powered Experiences to Customers](https://angelnews.in/prog-holdings-and-infosys-have-collaborated-to-deliver-ai-powered-experiences-to-customers/): Salt Lake City, Utah | Bengaluru : PROG Holdings, Inc. (NYSE: PRG), the fintech holding company encompassing Progressive Leasing, Vive Financial, Four Technologies, and Build, and Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, have unveiled a collaborative agreement. This partnership is anticipated to advance and expand PROG Holdings&#8217; technology operations, serving as a pivotal component of the company&#8217;s continuous modernization and innovation endeavors, with a specific focus on cloud and AI technologies. The collaboration will empower PROG Holdings to leverage Infosys&#8217; digital services, incorporating cutting-edge technologies. PROG Holdings anticipates that this partnership will drive [&hellip;]
- [Angel One Partners With an Experienced Team of Wealth Managers to Lead its Tech-Led Wealth Management Business](https://angelnews.in/angel-one-partners-with-an-experienced-team-of-wealth-managers-to-lead-its-tech-led-wealth-management-business/): Mumbai, India : A team of seasoned wealth managers has teamed up with Angel One, a prominent fintech player in India, to serve as co-founders and lead its venture into private wealth management. Srikanth Subramanium has been appointed as Co-Founder &amp; CEO of Angel One Wealth Limited, bringing over twenty years of experience in investment and wealth management, previously serving at Kotak Cherry, the digital wealth management division of Kotak Mahindra Bank. Other co-founders include Shobhit Mathur and Dharmendra Jain. Shobhit will oversee the Wealth-Tech and Customer Excellence teams, while Dharmendra will contribute his strategic expertise in investment solutions and products. [&hellip;]
- [SpiceJet and AerCap Resolve INR 250 Crore Dispute](https://angelnews.in/spicejet-and-aercap-resolve-inr-250-crore-dispute/): Gurugram, India : SpiceJet and Celestial Aviation, a subsidiary of AerCap, have successfully settled their $29.9 million (INR 250 Crore) dispute through mutual agreement, sidestepping the need for litigation. Representatives from both parties informed a bench of the NCLT last week that settlement terms had been reached and requested an adjournment, which the court graciously granted. The matter is now slated to be formally withdrawn on March 1, 2024. In a recent development, SpiceJet secured investments amounting to INR 1060 Crore through a preferential issue, with prominent investors such as Aries Opportunities Fund Limited and Elara India Opportunities Fund Limited participating. [&hellip;]
- [PVR INOX Opens 14-Screen Megaplex at Phoenix Mall of the Millennium, Pune](https://angelnews.in/pvr-inox-opens-14-screen-megaplex-at-phoenix-mall-of-the-millennium-pune/): Pune, India : PVR INOX, India&#8217;s leading and most prestigious cinema exhibitor, has reached a noteworthy milestone with the inauguration of 18 screens across two new multiplexes. Today, they unveiled 14 screens in Pune and 4 screens in Patna. This cinema launch reflects their strategic vision of expanding screen presence in key markets over the medium and long term. With this expansion, the company further solidifies its position, boasting 361 screens across 79 properties in the West and 142 screens across 37 properties in the East. The recently inaugurated 14-screen Megaplex at Phoenix Mall of the Millennium in Wakad, Pune, marks [&hellip;]
- [Hindustan Aeronautics Wins Order Worth Rs 5,249.7 Crores From  Ministry of Defence](https://angelnews.in/hindustan-aeronautics-wins-order-worth-rs-5249-7-crores-from-ministry-of-defence/): India : Hindustan Aeronautics Limited has finalized a contract today for the manufacturing and supply of RD-33 Aero Engines intended for MiG-29 aircraft. The total cost of this contract amounts to Rs. 5,249.72 Crore. These Aero Engines, procured through the signed contract, are expected to effectively address the operational needs of the Indian Air Force (IAF), ensuring the continued readiness and performance of the MiG-29 fleet for the remainder of its service life. Manufactured under the Transfer of Technology (TOT) agreement with the Russian Original Equipment Manufacturer (OEM), these engines represent a significant step towards enhancing indigenous capabilities in aerospace manufacturing. [&hellip;]
- [H.G. Infra Engineering Limited has Been Declared as L-1 bidder For 772.70 Crore Project by East Central Railway](https://angelnews.in/h-g-infra-engineering-limited-has-been-declared-as-l-1-bidder-for-772-70-crore-project-by-east-central-railway/): Bihar : H.G. Infra Engineering Limited has been declared as the L-1 bidder for a project valued at 772.70 Crores by the East Central Railway. The project involves the construction of a double line track in the DDU Division of the East Central Railway, located in the state of Bihar. Project Details : The project entails the construction of a double line track, encompassing the formation of both the 3rd and 4th lines. This includes essential tasks such as earthwork, blanketing, construction of minor and major bridges, electrification works, and various other miscellaneous tasks. The project is specifically designed to accommodate [&hellip;]
- [Welspun Enterprises Receives Order Worth  Rs 4,123.88 Crores From Brihanmumbai Municipal Corporation](https://angelnews.in/welspun-enterprises-receives-order-worth-rs-4123-88-crores-from-brihanmumbai-municipal-corporation/): Mumbai : Welspun Enterprises has officially received a Letter of Acceptance from the Brihanmumbai Municipal Corporation, dated February 29, 2024, for the aforementioned project. The total contract value for this project amounts to Rs. 4,123.88 Crores, excluding GST. As of December 31, 2023, the Company&#8217;s outstanding order book stood at Rs. 8,500 Crores. With the addition of this recent order, the total outstanding order book is anticipated to reach approximately Rs. 12,650 Crores, factoring in the execution completed in January and February 2024. Of this total, around Rs. 9,750 Crores is attributed to the water sector, while the remaining Rs. 2,900 [&hellip;]
- [NTPC Group Has Surpassed an Installed Capacity of 75 GW , Details](https://angelnews.in/the-ntpc-group-has-surpassed-an-installed-capacity-of-75-gw-details/): NTPC : Following the successful adherence to approved norms and obtaining the requisite approvals, Unit-2 of the North Karanpura Super Thermal Power Project, boasting a capacity of 660 MW, has satisfactorily completed its trial operation phase. As a result, it has been formally included in the installed capacity roster of NTPC Limited. This milestone represents a culmination of meticulous planning, rigorous testing, and stringent compliance with industry standards. The integration of Unit-2 into NTPC&#8217;s standalone installed capacity marks a significant augmentation, bringing the total standalone installed capacity of NTPC Limited to an impressive 59,298 MW. This enhanced capacity underscores NTPC&#8217;s unwavering [&hellip;]
- [Clean Science and Technology Subsidiary Clean FinoChem Limited Commenced Commercial Production](https://angelnews.in/clean-science-and-technology-subsidiary-clean-finochem-limited-commenced-commercial-production/): India : On February 17th, 2024, Clean FinoChem Limited (&#8220;CFCL&#8221;), a wholly-owned subsidiary of Clean Science and Technology , has initiated commercial production of the Hindered Amine Light Stabilizer Series (HALS) starting from March 1st, 2024. This significant development takes place at Plot No. D-2, located within the MIDC Kurkumbh, Dist. Pune 413802. The HALS series, positioned within the performance chemical segment, marks a pivotal addition to CFCL&#8217;s product portfolio. Designed to meet the needs of both domestic and international markets, this venture represents a strategic expansion into a high-demand sector. The installed capacity for the entire HALS Series is an [&hellip;]
- [Sona Comstar Launches New Plant in Mexico to Serve Rising EV Demand in North America](https://angelnews.in/sona-comstar-launches-new-plant-in-mexico-to-serve-rising-ev-demand-in-north-america/): Fipasi Industrial Park, Silao, Mexico : Sona BLW Precision Forgings Ltd. (Sona Comstar), a prominent global provider of automotive technology solutions, announces the opening of its new manufacturing plant in the Fipasi Industrial Park, Silao, Mexico. This strategic move underscores the company’s dedication to meeting the rising demand for top-notch driveline solutions for Battery Electric Vehicles (BEVs) in North America. As the landscape of mobility undergoes significant changes, Sona Comstar continues to lead in electrification through strategic expansions and investments in research and development, pioneering innovative solutions that seamlessly align with the evolving future. The new facility will focus on producing [&hellip;]
- [FCS Software Solutions has Acquired 54.94% Equity Shares in Bloom Healthcare and Hospitality Management](https://angelnews.in/fcs-software-solutions-has-acquired-54-94-equity-shares-in-bloom-healthcare-and-hospitality-management/): FCS Software Solutions Limited (&#8220;Company&#8221;) has increased its ownership stake in Bloom Healthcare and Hospitality Management Private Limited (&#8220;Bloom&#8221;) to 54.94% by converting 79,66,138 0.1% Non-Cumulative Compulsorily Convertible Preference Shares, valued at Rs. 10/- each, into 2,23,05,186 Equity Shares, valued at Rs. 10/- each at a premium of Rs. 15/- each. This conversion amounts to Rs. 25/- per share. As a result, the Company&#8217;s total shareholding in Bloom now stands at 71.01%. Bloom Healthcare and Hospitality Management Private Limited (&#8220;Bloom&#8221;), a company incorporated in the Medical and Healthcare sector on February 12, 2008, has seen fluctuations in its turnover over the [&hellip;]
- [Dixon’s Subsidiary Padget Electronics has Entered into an Agreement With Longcheer for Manufacturing and Sale of Smart Phones](https://angelnews.in/dixons-subsidiary-padget-electronics-has-entered-into-an-agreement-with-longcheer-for-manufacturing-and-sale-of-smart-phones/): Dixon Technologies (India) Limited&#8217;s wholly-owned subsidiary, Padget Electronics Private Limited, has entered into an agreement with Longcheer to commence the production, manufacturing, and sale of smartphones for major global brands, utilizing Longcheer’s design and technology expertise. Longcheer possesses strong capabilities in product-level solution design, hardware innovation design, system-level software platform development, lean production, supply chain integration, and quality control. They offer integrated smart product services to leading consumer electronics brands and tech enterprises worldwide, with a significant share (approximately 28%) of the ODM market at the global level. Mr. Atul B. Lall, Vice Chairman &amp; Managing Director of Dixon Technologies (India) [&hellip;]
- [Aurionpro Solutions has Acquired Arya.ai to Bolster Global Enterprise AI Platforms for Financial Institutions](https://angelnews.in/aurionpro-solutions-has-acquired-arya-ai-to-bolster-global-enterprise-ai-platforms-for-financial-institutions/): Aurionpro Solutions Limited (BSE: 532668) (NSE: AURIONPRO) has announced the strategic acquisition of Arya.ai, a Mumbai-based Banking and Insurance focused PaaS startup. With this acquisition, Aurionpro aims to enhance its enterprise fintech offerings by incorporating Arya.ai&#8217;s AI technology, which prioritizes responsibility, accuracy, and auditability. This move aligns well with the evolving needs of Banks and Insurers. Under the terms of the agreement, Aurionpro Solutions Ltd. will acquire a majority stake (67%) in Arya.ai. This acquisition will bring expertise in Artificial Intelligence, Deep Learning, Intelligent Automation, PaaS, Autonomous AI Platforms, and tailored industry solutions to complement Aurionpro’s existing portfolio. Arya.ai’s Enterprise AI [&hellip;]
- [NTPC Green Energy Limited has Signed a Memorandum of Understanding (MoU) with Indus Towers Limited](https://angelnews.in/ntpc-green-energy-limited-has-signed-a-memorandum-of-understanding-mou-with-indus-towers-limited/): NTPC Green Energy Limited (NGEL) and Indus Towers Limited (ITL) have officially entered into a Memorandum of Understanding (MoU) today, aimed at advancing green energy objectives and supporting the Government of India&#8217;s efforts towards achieving a carbon-neutral economy. The signing ceremony took place on April 18, 2024, at SCOPE Complex, New Delhi, in the presence of senior officials from both organizations. The MoU, signed by Sh. Soumya Kanti Chowdhuri, Chief General Manager of NGEL, and Sh. Vikas Poddar, Chief Financial Officer (CFO) of ITL, sets the stage for joint exploration of grid-connected Renewable Energy-based Power Projects, encompassing Solar, Wind, Energy storage, [&hellip;]
- [Inox Wind Receives a Repeat Order for 210 MW of its 3 MW WTGs From Hero Future Energies](https://angelnews.in/inox-wind-receives-a-repeat-order-for-210-mw-of-its-3-mw-wtgs-from-hero-future-energies/): Inox Wind Limited (IWL), a leading provider of wind energy solutions in India, has secured an order to supply 210 MW of Wind Turbine Generators (WTGs) from Hero Future Energies (HFE), a prominent player in the renewable energy sector. Key highlights : Hero Future Energies has issued a repeat order to Inox Wind Limited for the supply of equipment totaling 210 MW, including specific add-on services. The contract also encompasses post-commissioning multi-year operations and maintenance (O&amp;M) services. The project is scheduled to be carried out in South India. The order specifically entails IWL&#8217;s advanced 3 MW WTGs, along with additional equipment [&hellip;]
- [Happiest Minds Technologies has Executed a Share Purchase Agreement to Acquire Macmillan Learning India Private Limited](https://angelnews.in/happiest-minds-technologies-has-executed-a-share-purchase-agreement-to-acquire-macmillan-learning-india-private-limited/): The acquisition process of Macmillan Learning India Private Limited involves several key aspects. Macmillan Learning India, with a paid-up capital of Rs.1,00,000 and a current turnover of 9.25 Crores, operates within the Information Technology Industry, specializing in software development services for the Macmillan Group. Not considered a related party transaction, the acquisition signifies a strategic move for the Company, enhancing its Edutech vertical and fostering a strategic partnership with the globally renowned Macmillan group. The transaction, expected to conclude by April 30, 2024, entails a cash purchase consideration of Rs. 4.5 crores, securing 100% equity ownership through the acquisition of 1,00,000 [&hellip;]
- [Network18 Media And Investments Q4 2024 Results : Revenue Increases 63% YOY to 2,419 Crore Rupees](https://angelnews.in/network18-media-and-investments-q4-2024-results-revenue-increases-63-yoy-to-2419-crore-rupees/): Network18 Media And Investments Q4 2024 Highlights :  Viacom18, Reliance, and The Walt Disney Company have announced the signing of binding agreements to establish a joint venture that merges the businesses of Viacom18 and Star India. This collaboration aims to provide consumers with high-quality and comprehensive content offerings through innovative digital entertainment experiences. In terms of financial performance, consolidated revenue for the quarter saw a significant 63% year-on-year increase, amounting to Rs. 2,419 crore. This growth was primarily driven by the Sports and Movie segments. Additionally, annual revenue also witnessed a substantial ~50% rise, reaching Rs. 9,297 crore. JioCinema continued its [&hellip;]
- [LTIMindtree has Partnered with Vodafone to Provide Connected, Smart IOT, and Industry X.0 Solutions](https://angelnews.in/ltimindtree-has-partnered-with-vodafone-to-provide-connected-smart-iot-and-industry-x-0-solutions/): Munich, Germany : LTIMindtree, a global company that provides technology consulting and digital solutions, has teamed up with Vodafone, a well-known provider of managed Internet of Things (IoT) services with millions of connections worldwide. Their goal is to create smart and connected IoT solutions using LTIMindtree&#8217;s Insight NXT platform and Vodafone&#8217;s IoT Managed Connectivity. These solutions will help businesses in various industries embrace Industry X.0 and digital transformation. By combining their expertise, LTIMindtree and Vodafone aim to tackle complex business challenges and empower clients to improve efficiency and sustainability. They will use advanced technologies like AI, machine learning, and digital twins [&hellip;]
- [Power Mech Projects Wins Orders Worth 232.03 Crore Rupees](https://angelnews.in/power-mech-projects-wins-orders-worth-232-03-crore-rupees/): Power Mech Projects has received orders worth Rs. 232.03 Crores as detailed below: BHEL has awarded an order worth Rs. 122.89 crores for various packages: Package-A: Involves the erection of Power House Unit 1 &amp; 2 (including CCR) structure and other miscellaneous buildings, along with the supply &amp; installation of items as per BOQ at the 2X660 MW NTPC Talcher project in Odisha. Package-B: Encompasses the erection of structures for the Ash Handling Plant, FGD Structure, tank fabrication &amp; installation, and other miscellaneous building structures, including supply &amp; installation of items as per BOQ at the 2X660 MW NTPC Talcher project [&hellip;]
- [DreamFolks and RedBeryl have Established a Strategic Partnership to Deliver Ultra-Luxury Experiences](https://angelnews.in/dreamfolks-and-redberyl-have-established-a-strategic-partnership-to-deliver-ultra-luxury-experiences/): DreamFolks, a tech-enabled global travel and lifestyle experience company, has announced today a strategic partnership with RedBeryl, a pioneer in luxury lifestyle and personalized services. This collaboration aims to redefine luxury experiences for customers worldwide, representing a significant milestone in the industry. The strategic alliance seeks to empower DreamFolks&#8217; clients, including banks, card networks, and enterprises, to enhance their customer value proposition. Through this partnership, customers gain access to over 3000 exclusive members-only clubs across 150+ countries and premium seating at prestigious international sporting events such as the Olympics, Wimbledon, Champions League, and World Cups. Furthermore, the partnership offers luxurious stays [&hellip;]
- [Ramkrishna Forgings Limited Approved to Supply Powertrain Components to the USA's Largest Electric Vehicle Producer](https://angelnews.in/ramkrishna-forgings-limited-approved-to-supply-powertrain-components-to-the-usas-largest-electric-vehicle-producer/): Ramkrishna Forgings Limited, a leading supplier of rolled, forged, and machined products, proudly announces a significant stride in advancing electric mobility solutions. Securing approval from the USA&#8217;s Largest Electric Passenger Vehicle manufacturer to supply powertrain components marks the commencement of a strategic partnership, promising an array of exciting opportunities. This milestone endorsement underscores the Company&#8217;s entry into the electric passenger vehicle sector, particularly in powertrain components. It follows the presentation of a comprehensive portfolio of cutting-edge solutions, showcasing the Company&#8217;s expertise and dedication to delivering top-tier products. Mr. Milesh Gandhi, Executive Director of Ramkrishna Forgings Limited, expressed enthusiasm, stating, &#8220;We are [&hellip;]
- [Airtel 5G Customers in Andhra Pradesh Has Crossed 7.9 million](https://angelnews.in/airtel-5g-customers-in-andhra-pradesh-has-crossed-7-9-million/): Amaravathi : Bharti Airtel (&#8220;Airtel&#8221;), a prominent telecommunications service provider in India, announced today that it has reached a milestone of 7.9 million customers utilizing 5G services in Andhra Pradesh. The company has successfully deployed 5G across all cities and districts in the state, signaling a significant move towards providing advanced mobile connectivity. Over the past six months, Airtel has witnessed a notable increase in 5G users in Andhra Pradesh. The extensive network deployment by the company has effectively covered the entire state, making it easier for customers to adopt 5G technology. From iconic landmarks like the Amaravati Stupa to revered [&hellip;]
- [Mastek Joins the UK Ministry of Defence's £1.2B Digital and IT Professional Services (DIPS) Framework as a Supplier](https://angelnews.in/mastek-joins-the-uk-ministry-of-defences-1-2b-digital-and-it-professional-services-dips-framework-as-a-supplier/): Reading, UK : Mastek (MASTEK; BSE: 523704) announced today that it has secured a position on Lot 1 of the UK Ministry of Defence&#8217;s (MOD) Digital and IT Professional Services (DIPS) framework, covering Solution, Enterprise &amp; Tech Architecture, Data, Innovation, Tech Assurance, and Knowledge &amp; Information Management. Additionally, Mastek will act as a subcontractor for Qinetiq Limited on Lot 2 and Lot 3, pertaining to Development, Applications, User Experience (UX), DevOps, Systems Design, Application Support, Cyber Security, Cryptography, Security Operations, and Integrated Systems. The Crown Commercial Service (CCS) collaborated with MOD in creating the DIPS framework, with CCS becoming the framework [&hellip;]
- [IREDA's GIFT City Office to Promote Green Hydrogen and Renewable Energy Manufacturing Projects](https://angelnews.in/iredas-gift-city-office-to-promote-green-hydrogen-and-renewable-energy-manufacturing-projects/): Abu Dhabi | India : IREDA has launched an office in GIFT City, Gandhinagar, specializing in offering Foreign Currency-denominated debt options. This initiative is geared towards substantially reducing financing expenses for Green Hydrogen and Renewable Energy Manufacturing projects, streamlining natural hedging, and hastening India&#8217;s shift towards sustainability. Shri Pradip Kumar Das, Chairman &amp; Managing Director of IREDA, underscored this strategic move during a panel discussion on &#8220;Future Growth Prospects for Long-Term Energy Storage&#8221; at the 2024 World Future Energy Summit in Abu Dhabi. In his speech, Shri Das talked about how important it is to store energy to achieve the National [&hellip;]
- [Angel One Q4 2024 Results : Total Income Increases 63.4% YOY to 1358.5 Crore Rupees](https://angelnews.in/angel-one-q4-2024-results-total-income-increases-63-4-yoy-to-1358-5-crores/): The Board of Directors of Angel One Limited, in its meeting on April 17, 2024, has given approval to the Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year concluding on March 31, 2024. Angel One Limited consolidated financial results for the quarter ended 31 March 2024 Angel One Limited Key Financial Information As at year ended 31 March 2024 Debt Equity Ratio &#8211; 0.83 Times ;Debt Equity Ratio= Debt( Borrowings (other than debt securities)+ Debt securities)/ Equity ( Equity share capital+ Other equity) Net worth &#8211; 30,386.03 Million Rupees Net Profit after tax &#8211; [&hellip;]
- [DroneAcharya Aerial Innovations has Secured a Significant Work Order From the United Kingdom](https://angelnews.in/droneacharya-aerial-innovations-has-secured-a-significant-work-order-from-the-united-kingdom/): DroneAcharya Aerial Innovations announced the acquisition of a significant contract valued at INR 4,67,11,224.00 from the United Kingdom. This contract, focusing on Drone and Geographic Information System (GIS) Data Processing, represents a major milestone for the company, highlighting its leading role in the burgeoning drone technology and data analytics sector. This development comes at a time of heightened demand for drone-based data collection solutions across governmental and private sectors alike. As organizations increasingly turn to drones for surveying, inspections, and operational tasks, the importance of proficient drone data processing and analytics services cannot be overstated. DroneAcharya Aerial Innovations stands out as [&hellip;]
- [Olectra Greentech has Extended Co-Operation Agreement With BYD Auto Till 31st December, 2030](https://angelnews.in/olectra-greentech-has-extended-co-operation-agreement-with-byd-auto-till-31st-december-2030/): The agreement between BYD Auto Industry Co., Ltd (&#8220;BYD&#8221;) and the other party extends the Cooperation Agreement for Manufacturing and Maintenance of Electric Buses until December 31, 2030. This extension reflects the mutual recognition of the promising market potential for Electric Buses in India and the desire to enhance competitiveness in meeting market demands. While the consideration details are not specified, it involves the procurement of specific components for Electric Buses as needed. Both companies have previously entered into a Cooperation Agreement and see value in continuing this collaboration to address evolving market needs more effectively. This extension is not classified [&hellip;]
- [Quick Heal's Seqrite Partners with M. Tech Solutions To Provide Advanced Cybersecurity Solutions to Indian Enterprises and Government Entities](https://angelnews.in/quick-heals-seqrite-partners-with-m-tech-solutions-to-provide-advanced-cybersecurity-solutions-to-indian-enterprises-and-government-entities/): Seqrite, the enterprise branch of Quick Heal Technologies Limited, a prominent cybersecurity provider in India with a global footprint, has forged a strategic alliance with M. Tech Solutions (India) Pvt Ltd. by appointing them as its Value-Added Distributor (VAD) for the Indian market. The primary objective of this partnership is to expand Seqrite&#8217;s presence across India, particularly within the Enterprise and Government sectors. M. Tech Solutions holds a leading position in cybersecurity and network performance solutions across the Asia Pacific region, boasting a robust network spanning 28 offices in 15 countries. In India, M. Tech empowers over 400 channel partners, enabling [&hellip;]
- [Sterlite Technologies Reports INR 900 Cr Orders in FY24 from Fiberisation Projects in India](https://angelnews.in/sterlite-technologies-reports-inr-900-cr-orders-in-fy24-from-fiberisation-projects-in-india/): STL, a leading optical and digital solutions company, has secured orders worth approximately INR 900 crore in FY24 to provide integrated optical solutions to major service providers in India. Utilizing its advanced Optical solutions and Smart Fibre Deployment services, STL will facilitate the delivery of high-speed connectivity to individuals across more than 20 states in the country. With its end-to-end capabilities, from glass preform to optical connectivity products, STL is well-equipped to meet the requirements of the Indian telecom industry. Leveraging its robust manufacturing infrastructure in India, R&amp;D-driven products like the flagship Stellar™ fibre, and high-fibre count Intermittently Bonded Ribbon (IBR) [&hellip;]
- [Central Bank of India has Partnered with Veefin Solutions to Initiate their Supply Chain Finance Operations](https://angelnews.in/central-bank-of-india-has-partnered-with-veefin-solutions-to-initiate-their-supply-chain-finance-operations/): Central Bank of India (CBI) is stepping into the realm of Supply Chain Financing with the support of Veefin&#8217;s expertise and technology. Veefin Solutions, a globally recognized leader in Digital Lending &amp; Supply Chain Financing solutions, will exclusively provide the technology required for CBI&#8217;s initiatives. This collaboration empowers CBI to leverage Veefin&#8217;s comprehensive end-to-end SCF stack, covering vendor, channel partner, and anchor onboarding, credit underwriting through ready-built APIs connecting to India stack and other third-party data sources via Veefin&#8217;s Loan Origination System (LOS), and transaction and loan management through its SCF Loan Management System. These elements will facilitate CBI in offering [&hellip;]
- [Choice International Subsidiary CCSPL Partners with Solar91 to Secure a Solar Plant Project Worth ₹520 Cr in Jodhpur, Rajasthan](https://angelnews.in/choice-international-subsidiary-ccspl-partners-with-solar91-to-secure-a-solar-plant-project-worth-%e2%82%b9520-cr-in-jodhpur-rajasthan/): Choice Consultancy Services Pvt Ltd (Choice), a leading consulting firm and subsidiary of Choice International Ltd, is announced the acquisition of a project for developing a solar plant for Jodhpur Vidyut Vitran Nigam Ltd through a Joint Venture partnership with Solar91 Cleantech Pvt Ltd. In this project, Choice and Solar91 will serve as key advisors, undertaking various tasks such as detailed site surveys, supervision of design, supply, and installation of the solar power plant. They will also oversee the installation of associated 33kV or 11kV lines, conduct testing and commissioning activities, and manage the construction of control rooms. The project is [&hellip;]
- [Windlas Biotech Limited has Inaugurated its Cutting-Edge Injectable Facility](https://angelnews.in/windlas-biotech-limited-has-inaugurated-its-cutting-edge-injectable-facility/): Windlas Biotech Limited has announced the inauguration of its state-of-the-art injectable facility for the production of Small Volume Parenteral products, designed to adhere to international cGMP standards. Following a joint inspection conducted by the Central Drugs Standard Control Organisation and the State Licensing Authority of Uttarakhand, the company has obtained a manufacturing license from the Drug Controlling &amp; Licensing Authority of Uttarakhand. The facility has commenced the production of commercial batches, with plans to introduce several new products throughout the Financial Year 2025. This milestone underscores the company&#8217;s ongoing commitment to developing and manufacturing complex dosage forms such as Ampoules, Liquid [&hellip;]
- [SpiceJet Obtains Ownership of 19 Q400s, Including six from NAC, and three Boeing Aircraft Through Settlements](https://angelnews.in/spicejet-obtains-ownership-of-19-q400s-including-six-from-nac-and-three-boeing-aircraft-through-settlements/): SpiceJet is set to acquire a Q400 aircraft from Nordic Aviation Capital (NAC) through a settlement agreement signed last year. This agreement, which settles all past liabilities for the Q400s leased by NAC to SpiceJet, grants the airline full ownership of six Q400s. SpiceJet already possesses five Q400 aircraft previously owned by NAC, with ownership now transferred to SpiceJet. This agreement also brings substantial long-term savings for SpiceJet, freeing the airline from the obligation of regular monthly rentals for these aircraft. The sixth Q400 aircraft is currently en route to India from Germany and is anticipated to arrive in Delhi shortly. [&hellip;]
- [Tata Technologies Limited Entered into a Joint Venture Agreement with BMW Holding B.V., Netherlands](https://angelnews.in/tata-technologies-limited-entered-into-a-joint-venture-agreement-with-bmw-holding-b-v-netherlands/): Munich, Germany : The BMW Group and Tata Technologies, a worldwide leader in product engineering and digital services, have disclosed their agreement to establish a Joint Venture (JV). Their goal is to create an automotive software and IT development center in Pune, Bengaluru, and Chennai, India. The formation of the JV is contingent upon review and approval by the appropriate authorities. Bengaluru and Pune will primarily host development and operational activities, while Chennai will specialize in business IT solutions. Key highlights : Tata Technologies and BMW Group intend to collaborate on the development of automotive software and business IT solutions. The [&hellip;]
- [Tata Motors Recorded a Total of 1,55,651 Units in Passenger Vehicle (PV) Sales in Q4 FY24, Marking a 15% YOY Increase](https://angelnews.in/tata-motors-recorded-a-total-of-155651-units-in-passenger-vehicle-pv-sales-in-q4-fy24-marking-a-15-yoy-increase/): Tata Motors Limited&#8217;s sales in both the domestic and international markets for Q4 FY 2023-24 reached 2,65,090 vehicles, compared to 2,51,822 units in Q4 FY 2022-23. In March 2024, domestic sales of Medium and Heavy Commercial Vehicles (MH&amp;ICV) amounted to 19,976 units, a decrease from 22,437 units in March 2023. For the entire Q4 FY24, MH&amp;ICV domestic sales totaled 50,643 units, compared to 54,435 units in Q4 FY23. Combining domestic and international sales for MH&amp;ICV in March 2024, there were 20,551 units sold, down from 23,074 units in March 2023. Similarly, in Q4 FY24, the total stood at 52,186 units, compared [&hellip;]
- [Eicher Motors Limited Sold 75,551 Motorcycles in March 2024, an Increase of 5% YOY](https://angelnews.in/eicher-motors-limited-sold-75551-motorcycles-in-march-2024-an-increase-of-5-yoy/): Sales volume of Eicher Motors Limited for the month of March 2024 : In March 2024, the sales of models with engine capacities up to 350cc amounted to 66,363 units, showing a 6% increase compared to March 2023. Similarly, models with engine capacities exceeding 350cc saw sales of 9,188 units, indicating a slight decline of 3% compared to the same period last year. Overall, total motorcycle sales reached 75,551 units in March 2024, reflecting a 5% increase from March 2023. Looking at the yearly data from April 2023 to March 2024, the trend continues positively, with a 10% growth in models [&hellip;]
- [Genesys International has Secured a Significant order Worth Rs 35 Crores to Implement Digital Twin technology in Pune City](https://angelnews.in/genesys-international-has-secured-a-significant-order-worth-rs-35-crores-to-implement-digital-twin-technology-in-pune-city/): Genesys International, a key player in domestic mapping technology, has announced Pune&#8217;s adoption of their Digital Twin map stack. This Rs. 35 crore order stands out as it marks India&#8217;s first seamless integration of a 3D Digital Twin with a Command and Control Centre, incorporating various IoT sensors. This integration empowers authorities with real-time data insights for informed and effective decision-making. This order represents a notable shift towards the adoption of Genesys&#8217; New India Map stack for command and control centers, emphasizing the integration of IoT and analytics. This platform will be collaboratively developed with Innover Systems, a Pune-based technology company. [&hellip;]
- [Datamatics Global Services to Acquire 100% Shareholding of Dextara Digital Private Limited](https://angelnews.in/datamatics-global-services-to-acquire-100-shareholding-of-dextara-digital-private-limited/): At its meeting held today, Datamatics Global Services Limited has approved the entry into definitive agreements, including the Share Purchase Agreement, Shareholders Agreement, and other pertinent contracts, to acquire the complete shareholding of Dextara Digital Private Limited . Dextara is a private limited company headquartered in Hyderabad, Telangana, India. Additionally, the acquisition will indirectly encompass Dextara Digital (UK) Private Limited and Dextara Digital (USA) Inc., both wholly owned subsidiaries of Dextara Digital Private Limited. The acquisition will be executed through the purchase of shares from existing shareholders, to be carried out in one or more tranches over a two-year period, adhering [&hellip;]
- [Hindustan Foods Subsidiary KNS Shoetech has Executed a Business Transfer Agreement with SSIPL Retail](https://angelnews.in/hindustan-foods-subsidiary-kns-shoetech-has-executed-a-business-transfer-agreement-with-ssipl-retail/): The transaction involves the acquisition by KNS Shoetech Private Limited (“KNS”), a wholly owned subsidiary company of the Company, of manufacturing facilities owned by SSIPL Retail Limited (“SSIPL”). These facilities are located at: Khatta/Khatauni No.148/198 Khasra No. 265/101 &amp; 267/102 kitta-2, covering an area of 05-00-00 Bigha, situated in Mohal Bangran, Tehsil Paonta Sahib, District Sirmour, Himachal Pradesh (“Bangran”). Khata Khatauni No’s.111/187, 35 min/54, and 35 min/56, Khasra No’s. 696/2, 2109/706, and 2108/706, situated at Mauja Bhagani, Tehsil Paonta Sahib, District Sirmour, Himachal Pradesh (“Bhagani”). Non-Agricultural (NA) Land bearing Nos. 17,18,9,20,22,23,24,28, 11/2/3 of Village Sersa, at Sonipat, Kundli, Haryana (“Kundli”). These [&hellip;]
- [Mahindra Auto Records Sales of 40,631 SUVs, Marking a Year-On-Year Growth of 13%](https://angelnews.in/mahindra-auto-records-sales-of-40631-suvs-marking-a-year-on-year-growth-of-13/): Mahindra &amp; Mahindra Ltd. (M&amp;M Ltd.), a prominent player in India&#8217;s automotive sector, has reported its overall auto sales for March 2024 at 68,413 vehicles, reflecting a 4% increase, inclusive of exports. In the Utility Vehicles segment, Mahindra achieved sales of 40,631 vehicles in the domestic market, marking a robust 13% growth, and a total of 41,161 vehicles including exports. Domestic sales for Commercial Vehicles reached 20,930 units. Mahindra &amp; Mahindra Ltd. (M&amp;M Ltd.) passenger vehicle sales for March 2024: Utility Vehicles: Sales reached 40,631 units, marking a 13% increase compared to the same period last year. Year-to-date (YTD) sales for [&hellip;]
- [IndianOil and Panasonic Energy Sign a Deal to Manufacture Lithium-Ion Cells in India](https://angelnews.in/indianoil-and-panasonic-energy-sign-a-deal-to-manufacture-lithium-ion-cells-in-india/): In an effort to drive the transition to clean energy in India, Indian Oil Corporation Limited (&#8220;IndianOil&#8221;) and Panasonic Energy Co. Ltd., a subsidiary of the Panasonic Group, have entered into a binding term sheet to establish a joint venture (JV) focused on manufacturing cylindrical lithium-ion cells within India. This agreement anticipates the growing demand for batteries, particularly for two- and three-wheel vehicles and energy storage systems, in the Indian market. The signing of this binding term sheet closely follows the execution of a Heads of Agreement between the two companies on January 21, 2024, in New Delhi. Currently, both entities [&hellip;]
- [Easy Trip Planners has Made an Investment of INR 33 Crores in E Trav Tech Limited](https://angelnews.in/easy-trip-planners-has-made-an-investment-of-inr-33-crores-in-e-trav-tech-limited/): The acquisition involves the procurement of 55,00,000 fully paid-up equity shares of E-Trav, representing approximately 4.94% of the aggregate post-allotment paid-up share capital of E-Trav on a fully diluted basis. E-Trav, established on October 9, 1995, under the regulations of the Companies Act, 1956, is headquartered at Sur. No. 1420, Ward No.8, NR. Roshani Dept. Stores Swami Vivekand Road, Vaniyawadi Main Road Rajkot, Gujarat, India, 360002. Operating within the B2B Travel Tech Business, it offers an array of services, including Flights API, Holiday Packages, Hotel API, White Label/XML, API, Bus API, and Travel Visa. Branch offices in Malad, Mumbai, and Ahmedabad, [&hellip;]
- [Garden Reach Shipbuilders has Achieved Highest ever Annual Turnover of ₹3,400 Crores](https://angelnews.in/garden-reach-shipbuilders-has-achievedhighest-ever-annual-turnover-of-%e2%82%b93400-crores/): Garden Reach Shipbuilders &amp; Engineers Limited (GRSE), a prominent warship builder in the nation, continues its upward trajectory in financial growth, achieving an Annual Turnover of ₹3,400 crore (Provisional &amp; Unaudited) for FY 2023-24, marking the highest in the company&#8217;s history. This robust financial performance is a result of effective resource management and enhanced internal efficiencies. Furthermore, the company declared an interim dividend at 79% of Paid-up Share Capital, a notable increase from the previous year&#8217;s 55%. Beyond its leadership in shipbuilding, GRSE stands as a fully diversified entity with a product portfolio spanning from &#8220;Warships to Weapons&#8221;. The fiscal year [&hellip;]
- [Quess Corp Limited Board Considered and Approved an Acquisition of Equity Shares in Heptagon Technologies](https://angelnews.in/quess-corp-limited-board-considered-and-approved-an-acquisition-of-equity-shares-in-heptagon-technologies/): Today, on March 30, 2024, during their meeting, the Administration and Investment committee of the Board of Directors of Quess Corp Limited deliberated and sanctioned an additional procurement of equity shares in Heptagon Technologies Private Limited (&#8220;Heptagon&#8221;), a subsidiary entity. This decision results in the Company&#8217;s ownership in Heptagon rising from 60.67% to 100%, as outlined in a Share Purchase Agreement executed on March 30, 2024. Following this acquisition, Heptagon will transition into a fully-owned subsidiary of Quess Corp Limited. The acquisition of Heptagon Technologies Private Limited represents a strategic move for Quess Corp Limited, aligning with its digital-first strategy. Heptagon, [&hellip;]
- [TCS has been Granted the New 'Generative AI Competency' Partner Status by AWS](https://angelnews.in/tcs-has-been-granted-the-new-generative-ai-competency-partner-status-by-aws/): SEATTLE : Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions, has attained the Amazon Web Services (AWS) Generative AI (GenAI) Competency as a launch partner. TCS, listed on the Bombay Stock Exchange (BSE: 532540) and the National Stock Exchange (NSE: TCS), boasts a workforce of over 350,000 employees trained in foundational GenAI skills, positioning itself to establish one of the most extensive AI-ready workforces globally. This unique recognition from AWS further solidifies TCS&#8217;s standing as a premier transformation partner for clients operating in the AI landscape. As one of the initial Global System Integrator Partners [&hellip;]
- [Karnataka Bank has Approved the Allotment of Equity Share Capital of ₹600 Crores Under Qualified Institutional Placement (QIP)](https://angelnews.in/karnataka-bank-has-approved-the-allotment-of-equity-share-capital-of-%e2%82%b9600-crores-under-qualified-institutional-placement-qip/): In its meeting held today, the Committee of Directors of the Karnataka Bank has given approval for the allocation of shares as part of the Qualified Institutional Placement (QIP) at a price of ₹227.00 per equity share, including a premium of ₹217.00 per share. This amounts to a total of up to ₹600 crores (Rupees six hundred crores only). The QIP, which aimed to raise ₹600 crores, commenced on March 21, 2024, and concluded on March 27, 2024. The positive response to the QIP highlights the support from the investor community towards the Bank. This capital infusion, comprising the QIP of [&hellip;]
- [Board of Directors of IREDA Has Approved the Borrowing Programme up to ₹24,200 Crore for FY 2024-25](https://angelnews.in/board-of-directors-of-ireda-has-approved-the-borrowing-programme-up-to-%e2%82%b924200-crore-for-fy-2024-25/): The Board of Directors of the Indian Renewable Energy Development Agency Limited (IREDA), in its meeting held on Thursday, March 28, 2024, approved a Borrowing programme of up to ₹24,200 Crore for the fiscal year 2024-25. This comprehensive borrowing plan encompasses a variety of avenues for fundraising. These include issuing Taxable Bonds, Green Taxable Bonds, Subordinated Tier-II Bonds, Perpetual Debt Instruments (PDI), Green Masala Bonds, Green Foreign Currency Bonds (USD/EUR/JPY), Foreign Currency Bonds (USD/EUR/JPY), as well as obtaining term loans from domestic banks and financial institutions (FIs). Additionally, IREDA plans to secure lines of credit from international agencies and engage in [&hellip;]
- [The Adani Family Invests INR 6,661 Crore in Ambuja Cement, Boosting their Stake to 66.7%](https://angelnews.in/the-adani-family-invests-inr-6661-crore-in-ambuja-cement-boosting-their-stake-to-66-7/): Ambuja Cements Ltd (Ambuja), a key player in the cement and building materials sector within the Adani portfolio, announces a significant milestone in its growth journey. The Adani family, promoters of the company, have infused INR 6,661 Crore, increasing their stake by 3.6% to reach 66.7%. This strategic move underscores their commitment to robust capital management, enhancing Ambuja&#8217;s financial position and capabilities to pursue ambitious growth plans. Key highlights : The Adani Family&#8217;s investment sets Ambuja on a trajectory to nearly double its current capacity to 140 million tonnes per annum by 2028. This strategic capital management underscores the commitment to [&hellip;]
- [LatentView Analytics has Announced The Acquisition of Decision Point Analytics](https://angelnews.in/latentview-analytics-has-announced-the-acquisition-of-decision-point-analytics/): LatentView Analytics Limited (BSE: 543398, NSE: LATENTVIEW), a global digital analytics consulting and solutions firm, has received board approval for the acquisition of 70% of outstanding equity capital in Decision Point for a total consideration of $39.1 million. The remaining 30% equity will be acquired over the next two years, with a payout based on agreed valuation principles. Established in 2012, Decision Point is a leader in AI-driven Business Transformation and Revenue Growth Management (RGM) solutions, boasting over 300 employees worldwide. The company specializes in RGM, Demand Forecasting, Pricing Analytics, Promotion Analytics, Retail Segmentation, and Marketing Mix Models, with a focus [&hellip;]
- [NXTDIGITAL Media Group Teams Up with 7Star Group to Enhance its Broadband Presence](https://angelnews.in/nxtdigital-media-group-teams-up-with-7star-group-to-enhance-its-broadband-presence/): ONEOTT Intertainment Ltd. (OIL), the fourth-largest private Internet Service Provider (ISP) in India, and 7Star Group, a prominent regional ISP, have unveiled a strategic partnership aimed at expanding their broadband business. OIL, a subsidiary of Hinduja Global Solutions Ltd. (HGS) and part of the NXTDIGITAL Media Group, will collaborate with 7Star by sharing infrastructure and technology. This alliance leverages the inherent strengths of both partners in the rapidly growing broadband market to drive further growth. Key highlights : The broadband division of the media group, OneOTT Intertainment Limited, and 7Star will collaborate by sharing infrastructure and technology to expand the broadband [&hellip;]
- [Reliance Industries has Entered into a 20-year Power Purchase Agreement With Adani Power Subsidiary Mahan Energen](https://angelnews.in/reliance-industries-has-entered-into-a-20-year-power-purchase-agreement-with-adani-power-subsidiary-mahan-energen/): Mahan Energen Limited (&#8220;MEL&#8221;), a wholly owned subsidiary of Adani Power Limited (&#8220;APL&#8221; or the &#8220;Company&#8221;), has recently finalized a 20-year Power Purchase Agreement (&#8220;PPA&#8221;) for 500 MW with Reliance Industries Limited (&#8220;RIL&#8221;) under the Captive User policy outlined in the Electricity Rules, 2005. Under this agreement, one unit with a capacity of 600 MW from MEL&#8217;s Mahan thermal power plant, part of its total operating and upcoming capacity of 2800 MW, will be designated as the Captive Unit. To comply with the policy&#8217;s requirements, RIL will acquire a 26% ownership stake in the Captive Unit, corresponding to the total capacity [&hellip;]
- [Jio Financial Services Subsidiary Jio Leasing Services Limited invested in Reliance International Leasing IFSC Limited](https://angelnews.in/jio-financial-services-subsidiary-jio-leasing-services-limited-invested-in-reliance-international-leasing-ifsc-limited/): Jio Leasing Services Limited (&#8220;JLSL&#8221;), a fully owned subsidiary of Jio Financial Services, has notified the Company that, has invested Rs. 2.50 crore for the initial subscription of 25,00,000 equity shares of Rs. 10/- each of Reliance International Leasing IFSC Limited (&#8220;RILIL&#8221;), at par value. RILIL, established on February 01, 2024, operates as a 50:50 joint venture between JLSL and Reliance Strategic Business Ventures Limited, a wholly owned subsidiary of Reliance Industries Limited. RILIL&#8217;s primary focus lies in the business of operating lease for Ships, Vessels, and Voyage Charters within the International Financial Services Centre (IFSC) situated at Gujarat International Finance [&hellip;]
- [Kalpataru Projects International Limited has Been Granted New Contracts Totaling ₹2,071 Crores](https://angelnews.in/kalpataru-projects-international-limited-has-been-granted-new-contracts-totaling-%e2%82%b92071-crores/): Kalpataru Projects International Limited (KPIL), among the leading Engineering &amp; Construction firms listed in India, together with its Joint Ventures (JVs) and international subsidiaries, has secured new orders/awards amounting to ₹2,071 Crores. The breakdown of these recent orders includes ventures in the Transmission &amp; Distribution (T&amp;D) sector in overseas markets and a project involving the design and construction of an underground metro rail system in India. Manish Mohnot, the Managing Director &amp; CEO of KPIL, expressed satisfaction with these recent wins, underscoring the positive outlook for the T&amp;D and Urban Infrastructure segments. He highlighted the significance of the T&amp;D contracts in [&hellip;]
- [Tata Elxsi and Drager forge a Pioneering Partnership Aimed at Advancing Critical Care Innovation in India](https://angelnews.in/tata-elxsi-and-drager-forge-a-pioneering-partnership-aimed-at-advancing-critical-care-innovation-in-india/): Tata Elxsi and Drager, a renowned global leader in medical and safety technology, have announced a partnership aimed at driving innovation in critical care within India. As part of this collaboration, Drager will enhance its research and development footprint by establishing a new Offshore Development Center (ODC) at Tata Elxsi&#8217;s Pune facility. This ODC will concentrate on the creation of groundbreaking critical care medical devices tailored for both local and international markets. Leveraging Tata Elxsi&#8217;s prowess in design and technology alongside Drager&#8217;s expertise in medical and safety technology, this alliance promises a significant advancement in critical care solutions. The development center [&hellip;]
- [UltraTech Cement has Entered into Agreement to Acquire 26% Equity Shares of M/S O2 Renewable Energy XXII Private Limited](https://angelnews.in/ultratech-cement-has-entered-into-agreement-to-acquire-26-equity-shares-of-m-s-o2-renewable-energy-xxii-private-limited/): UltraTech Cement Limited has initiated (i) an Energy Supply Agreement and (ii) a Share Subscription and Shareholders Agreement in order to procure 26% equity shares of M/s O2 Renewable Energy XXII Private Limited. This company is actively involved in the generation and transmission of renewable energy. The purpose behind this acquisition is to fulfill the company’s green energy requirements, streamline energy expenses, and adhere to regulatory mandates concerning captive power consumption as outlined in electricity laws. O2 Renewable Energy XXII Private Limited is the target entity of the proposed acquisition, characterized by its focus on the generation and transmission of renewable [&hellip;]
- [Blue Dart Launches a 20-hour Delivery Service from Major Metros to GIFT City](https://angelnews.in/blue-dart-launches-a-20-hour-delivery-service-from-major-metros-to-gift-city/): Blue Dart, recognized as South Asia&#8217;s leading express air and integrated transportation &amp; distribution company, has unveiled its significant presence in GIFT City, Gujarat, with the inauguration of a state-of-the-art facility tailored to meet evolving customer demands and align with India&#8217;s growth trajectory. The new Blue Dart facility in GIFT City is equipped with cutting-edge infrastructure and seasoned personnel, introducing a groundbreaking 20-hour delivery service from key metropolitan cities, thereby ensuring a next-day delivery commitment. Balfour Manuel, Managing Director of Blue Dart, emphasized the significance of this expansion, stating, &#8220;The inauguration of Blue Dart&#8217;s facility in GIFT City marks another significant [&hellip;]
- [Cyient collaborates with Deutsche Aircraft on the Design of the rear Fuselage Section for the D328eco](https://angelnews.in/cyient-collaborates-with-deutsche-aircraft-on-the-design-of-the-rear-fuselage-section-for-the-d328eco/): Munich : Cyient, a global provider of Intelligent Engineering and Technology Solutions, announced a strategic collaboration with Deutsche Aircraft, a German original equipment manufacturer (OEM) based in Webling near Munich. Under this partnership, the companies will collaborate on the detailed design for manufacturing (DFM) of the rear fuselage section for the 40-seater D328eco regional turboprop aircraft. The D328eco, designed for regional routes, represents a significant advancement in fuel efficiency and is an upgraded version of the Dornier 328 series. With enhanced passenger capacity, structural updates are essential for this aircraft. Anticipated to revolutionize regional air travel, the D328eco is poised to [&hellip;]
- [Oriola Collaborates with HCLTech to Elevate Customer Experience through Digital Transformation](https://angelnews.in/oriola-collaborates-with-hcltech-to-elevate-customer-experience-through-digital-transformation/): ESPOO, Finland : HCLTech, a renowned global technology firm, has announced its selection by Oriola Corporation, a prominent health and wellness company operating in the Nordic region, to expedite Oriola’s digital transformation and elevate customer experiences. The collaboration involves HCLTech implementing a new SAP S/4HANA and analytics infrastructure hosted on Microsoft Azure to revolutionize Oriola’s enterprise resource planning (ERP) and enterprise warehouse management (EWM) systems in Sweden and Finland. Leveraging RISE with SAP, the solution aims to provide Oriola with a comprehensive, globally compliant, and validated platform. Transitioning to an agile, cloud-based ERP platform is expected to streamline and modernize Oriola&#8217;s [&hellip;]
- [Adani Green has Successfully Commenced Operations of a 180 MW Solar Power Facility in Rajasthan](https://angelnews.in/adani-green-has-successfully-commenced-operations-of-a-180-mw-solar-power-facility-in-rajasthan/): Adani Green Energy Limited (AGEL), India&#8217;s foremost renewable energy enterprise and a global leader in the field, has activated a 180 MW solar power facility at Devikot in Jaisalmer, Rajasthan. This plant has entered into a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI). Expected to generate approximately 540 million units of electricity annually, the 180 MW solar plant is set to power over 110,000 households while curbing approximately 0.39 million tonnes of CO2 emissions. Employing next-generation bifacial solar PV modules and horizontal single-axis solar trackers (HSAT), the facility aims to optimize power generation by enhancing [&hellip;]
- [Indian Hotels Company Limited has Infused US$6.5 million as Equity in its Wholly Owned Subsidiary in Netherlands](https://angelnews.in/indian-hotels-company-limited-has-infused-us6-5-million-as-equity-in-its-wholly-owned-subsidiary-in-netherlands/): On March 26, 2024, The Indian Hotels Company Limited injected US$ 6.5 million as equity into its wholly owned subsidiary in the Netherlands, IHOCO BV. This infusion of funds aims to support IHOCO BV in making additional investments in its subsidiary, United Overseas Holding Inc, based in the USA. The primary use of this investment will be to repay debts owed by United Overseas Holding Inc and for other operational needs. IHOCO BV, a Netherlands-based company, operates as the target entity in this transaction. As of March 31, 2023, IHOCO reported a turnover of €0.17 crores, with a noteworthy deficit in [&hellip;]
- [Sanofi and Cipla Unveil an Exclusive Distribution Collaboration Aimed at Broadening the Reach of their CNS Portfolio in India](https://angelnews.in/sanofi-and-cipla-unveil-an-exclusive-distribution-collaboration-aimed-at-broadening-the-reach-of-their-cns-portfolio-in-india/): Sanofi India Limited (&#8220;SIL&#8221;) (BSE: 500674 NSE: SANOFI) and Sanofi Healthcare India Private Limited, collectively referred to as &#8220;Sanofi India,&#8221; along with Cipla Limited (&#8220;Cipla&#8221;) (BSE:500087; NSE: Cipla EQ), have announced an exclusive partnership focusing on the distribution and promotion of Sanofi India’s Central Nervous System (CNS) product range in India. Under this collaboration, Cipla will oversee the distribution of six CNS brands from Sanofi India, including Frisium, a prominent brand in the anti-epileptic medication sector. While Sanofi India will retain ownership and responsibility for the import and manufacturing of its entire CNS product line within India and globally, Cipla will [&hellip;]
- [SpiceJet Reaches INR 755 Crore Settlement With Export Development Canada (EDC)](https://angelnews.in/spicejet-reaches-inr-755-crore-settlement-with-export-development-canada-edc/): SpiceJet and Export Development Canada (EDC) have finalized a settlement agreement that will enable the airline to resolve significant liabilities, leading to a comprehensive overhaul of its balance sheet. This agreement stands as the most significant breakthrough in SpiceJet&#8217;s ongoing financial restructuring efforts. As per the terms, SpiceJet will gain complete ownership of 13 Q400 aircraft financed by EDC, enhancing its operational capabilities and fleet management. This landmark agreement signifies a major milestone in SpiceJet&#8217;s journey toward financial stability, showcasing its dedication to prudent financial management and sustained growth. As part of the settlement, SpiceJet will make a comprehensive payment to [&hellip;]
- [R K Swamy Limited Q3 2024 Results : Net Profit Increases 18% YOY to 5.61 Crore Rupees](https://angelnews.in/r-k-swamy-limited-q3-2024-results-net-profit-increases-18-yoy-to-5-61-crore-rupees/): Today, on March 26, 2024, the Board of Directors of R K Swamy Limited convened via Video Conferencing from 10:30 AM (IST) to 12:20 PM (IST). Among the matters discussed, they reviewed and sanctioned the Unaudited Consolidated Financial Results for the quarter and nine months ending December 31, 2023, along with the associated Limited Review Report. R K Swamy Limited Statement of unaudited consolidated financial results for the quarter ended December 31, 2023 R K Swamy Limited  Key Highlights of financial results for the quarter and nine months ended December 31, 2023 The gross margins, defined as revenue from operations minus [&hellip;]
- [Adani Ports have Entered into a Definitive Agreement to Acquire 95% Stake of Gopalpur Ports Limited](https://angelnews.in/adani-ports-have-entered-into-a-definitive-agreement-to-acquire-95-stake-of-gopalpur-ports-limited/): On March 25, 2024, Adani Ports and Special Economic Zone Ltd announced that it has entered into a definitive agreement to acquire a 95% stake in Gopalpur Ports Limited (&#8220;GPL&#8221;) from the current shareholders. This acquisition includes approximately 56% stake from SP Port Maintenance Private Limited (&#8220;SP Group&#8221;) and around 39% stake from Orissa Stevedores Limited (&#8220;OSL&#8221;). Gopalpur Ports Limited (GPL), is involved in the business of handling various types of dry bulk and break bulk cargo. It operates as a deep draft, multi-cargo port, specializing in handling a diverse mix of dry bulk cargo, including iron ore, coal, limestone, ilmenite [&hellip;]
- [Tejas Networks has Disclosed a Strategic Partnership with Telecom Egypt](https://angelnews.in/tejas-networks-has-disclosed-a-strategic-partnership-with-telecom-egypt/): Tejas Networks [BSE: 540595, NSE: TEJASNET] has announced the signing of a Memorandum of Understanding (MoU) with Telecom Egypt (TE), ITIDA (Information Technology Industry Development Agency), and NTI (National Telecom Institute) to replicate its successful experience in implementing Bharatnet (Rural Broadband Project) and NKN (National Knowledge Network) projects in Egypt. The collaboration aims to extend cooperation beyond these projects to include capacity building for Egyptian engineers and technicians in cutting-edge telecom and networking technologies. Additionally, it involves establishing local manufacturing and R&amp;D facilities for Fiber-to-the-Home (FTTH) products and providing technical support services within Egypt and the broader Africa and Middle East [&hellip;]
- [Summerwind GSA has Chosen RateGain to Provide Actionable Insights for More than 20 International Carriers](https://angelnews.in/summerwind-gsa-has-chosen-rategain-to-provide-actionable-insights-for-more-than-20-international-carriers/): RateGain Travel Technologies Limited (RateGain), a leading global provider of SaaS solutions for the travel and hospitality sector, has today announced a strategic partnership between its AI-driven airline pricing solution, AirGain, and Summerwind GSA, a prominent General Sales Agent (GSA) recognized for its innovative approach to airline representation. This collaboration aims to revolutionize the airline industry by combining AirGain&#8217;s advanced pricing intelligence with Summerwind&#8217;s extensive industry expertise and global reach. With a track record of over thirty years, Summerwind GSA has been at the forefront of commercial aviation services, consistently evolving to meet the changing needs of its clients. By integrating [&hellip;]
- [SRM Contractors Limited IPO : Company Profile, GMP, Price, Financial Details](https://angelnews.in/srm-contractors-limited-ipo-company-profile-gmp-price-financial-details/): SRM CONTRACTORS LIMITED IPO SRM CONTRACTORS LIMITED COMPANY PROFILE : Incorporated in September 2008, SRM Contractors Limited is an engineering construction and development company primarily involved in constructing roads (including bridges), tunnels, slope stabilization works, and other miscellaneous civil construction activities in the Union Territories of Jammu &amp; Kashmir and Ladakh. Their scope of work includes both EPC contracting and item rate-based construction for infrastructure projects, along with subcontracting assignments for infrastructure construction projects. Emerging as a key player in the infrastructure construction industry within the Union Territories of Jammu &amp; Kashmir and Ladakh, they have developed technical capabilities to execute projects [&hellip;]
- [Maruti Suzuki has Acquired a Stake in a Startup Focused on Machine Learning and Artificial Intelligence](https://angelnews.in/maruti-suzuki-has-acquired-a-stake-in-a-startup-focused-on-machine-learning-and-artificial-intelligence/): Maruti Suzuki India Limited has revealed an investment exceeding INR 1.99 crore in Amlgo Labs Private Limited, a technology-driven startup. The startup specializes in data analytics, cloud engineering, Machine Learning (ML), and Artificial Intelligence (AI) to aid companies in making data-driven decisions. Through this investment, Maruti Suzuki will acquire an equity stake of over 6.44% in the startup. Key highlights : Maruti Suzuki India Limited plans to invest over INR 1.99 crore in Amlgo Labs Private Limited. This marks Maruti Suzuki&#8217;s second investment in a startup. The investment aligns with the Government&#8217;s Startup India initiative. The investment is facilitated through the [&hellip;]
- [HG Infra Engineering Wins INR 534 Crore Order from Jodhpur Vidyut Vitran Nigam Limited](https://angelnews.in/hg-infra-engineering-wins-inr-534-crore-order-from-jodhpur-vidyut-vitran-nigam-limited/): Jodhpur Vidyut Vitran Nigam Limited has awarded a contract for the design, survey, supply, installation, testing, commissioning, operation, and maintenance of grid-connected solar power plants through the RESCO mode to HG Infra Engineering. This contract encompasses associated 33KV/11KV lines, connecting the plants to corresponding 33/11 KV GSS, and implementing a Remote Monitoring System (RMS) for solarizing agriculture consumers on 11 KV feeders under the KUSUM Scheme – Component C (Feeder Level Solarisation) in JDVVNL. The total solar plant capacity under this project is 125.72 MW (AC), to be executed by a separate entity (&#8216;Project Company&#8217;) established or to be established by [&hellip;]
- [HCLTech Enhances its AI and ML Offerings by Attaining new Microsoft Azure Specializations](https://angelnews.in/hcltech-enhances-its-ai-and-ml-offerings-by-attaining-new-microsoft-azure-specializations/): NEW YORK, US : HCLTech, a prominent global technology company, has earned two new Microsoft Azure specializations, further enriching its portfolio of artificial intelligence (AI) and machine learning (ML) solutions. These new specializations, namely AI and Machine Learning on Microsoft Azure, and Build and Modernize AI Apps with Microsoft Azure, highlight HCLTech&#8217;s proficiency in delivering comprehensive AI and ML solutions. Leveraging its Scale AI data science platform, HCLTech empowers enterprises to swiftly develop and deploy customized ML models. This platform facilitates the enhancement of customer experiences, operational efficiency, and informed decision-making for businesses. With these additions, HCLTech now boasts a total [&hellip;]
- [Welspun Corp Wins Orders Worth Rupees 2,039 Crores](https://angelnews.in/welspun-corp-wins-orders-worth-rupees-2039-crores/): Welspun Corp has announced the receipt of line pipe orders, both in India and the USA, cumulatively valued at approximately 2,039 Crores since their last disclosure on February 6, 2024. The new orders in the USA not only ensure business continuity until Q2 FY25 but also reaffirm their dominant position in the USA onshore gas transmission sector. Moreover, among the orders in India, one involves supplying to the USA offshore, further affirming Welspun Corp&#8217;s technical excellence and the trust customers have in them to execute critical projects, especially in the challenging and demanding Gulf of Mexico environment. The execution of these [&hellip;]
- [MICL Group has Acquired a New Project in South Mumbai](https://angelnews.in/micl-group-has-acquired-a-new-project-in-south-mumbai/): The MICL Group has acquired an ultra-luxurious project in Marine Lines, South Mumbai, adding another prestigious asset to its real estate portfolio in the region. Set to be one of the tallest residential structures in India, surpassing 800 feet, this project exemplifies MICL&#8217;s commitment to excellence. With a track record of delivering all 16 previous projects ahead of schedule, MICL aims to complete this project within five years of its launch. Spanning approximately 22 lakh square feet in total construction area, with a RERA carpet area of around 5.3 lakh square feet for sale, the project is expected to generate sales [&hellip;]
- [Castrol India has Partnered with KTM to Boost Performance](https://angelnews.in/castrol-india-has-partnered-with-ktm-to-boost-performance/): Castrol, a leading lubricant brand in India, has partnered with KTM, a premium motorcycle brand. Castrol POWER1, the company&#8217;s high-performance lubricant, will serve as the official Performance Partner for the highly anticipated second season of the KTM Cup 2024. This collaboration reflects Castrol&#8217;s growing emphasis on promoting and enhancing performance motorsports in India. The KTM Cup is the country&#8217;s largest Racing Championship, drawing participants from across India. Expressing excitement about this partnership, Mr. Rohit Talwar, Vice President and Head of Marketing at Castrol India Limited, stated, &#8220;We are thrilled to announce our dynamic collaboration with KTM as a performance partner, marking [&hellip;]
- [Gensol Engineering Limited has Secured a Significant Solar PV Project Worth INR 520 Crore in Maharashtra](https://angelnews.in/gensol-engineering-limited-has-secured-a-significant-solar-pv-project-worth-inr-520-crore-in-maharashtra/): Gensol Engineering Limited (BSE: 542851, NSE: GENSOL), a renowned player in solar power engineering, procurement, and construction (EPC) services, as well as the electric mobility sector, has clinched its largest-ever turnkey EPC contract in terms of size and value from a prominent power generation utility in Maharashtra. This groundbreaking project entails the establishment of a 100 MWAC/135 MWp ground-mount solar PV power plant spanning 500 acres in Maharashtra, with a total contract worth of INR 520 Crore. This significant accomplishment underscores Gensol&#8217;s leading position in the renewable energy industry. Aligned with the forward-thinking policies introduced by the Ministry of New and [&hellip;]
- [Samhi Hotels Expanded their Investment in Duet India Hotels (Pune) Private Limited and Duet India Hotels (Ahmedabad) Private Limited](https://angelnews.in/samhi-hotels-expanded-their-investment-in-duet-india-hotels-pune-private-limited-and-duet-india-hotels-ahmedabad-private-limited/): In its meeting on March 21, 2024, SAMHI Hotels Limited sanctioned investments in its wholly-owned subsidiaries as follows: Firstly, an amount of INR 5,55,19,800/- (Indian Rupees Five Crore Fifty Five Lakh Nineteen Thousand and Eight Hundred only) was allocated to Duet India Hotels (Pune) Private Limited (“Duet Pune”), for subscribing to 55,51,980 (fifty five lakh fifty one thousand nine hundred and eighty) equity shares priced at INR 10/- (Indian Rupees Ten only) each, through a rights issue. Secondly, an investment of INR 1,31,34,000/- (Indian Rupees One Crore Thirty One Lakh Thirty Four Thousand only) was approved for Duet India Hotels (Ahmedabad) [&hellip;]
- [Muthoot Finance Increased its equity stake in Belstar Microfinance](https://angelnews.in/muthoot-finance-increased-its-equity-stake-in-belstar-microfinance/): The acquisition of an additional 4.48% equity stake in Belstar Microfinance by Muthoot Finance prompts inquiries into its classification as a related party transaction and any potential interests from the promoter, promoter group, or affiliated companies. Notably, Belstar Microfinance operates as a subsidiary of Muthoot Finance, with several directors serving on both entities&#8217; boards. Belonging to the microfinance industry, the acquisition aligns with Muthoot Finance&#8217;s strategic objectives, allowing it to bolster its stake in Belstar Microfinance from 59.02% to 63.50%. Not requiring governmental or regulatory approvals, the acquisition has been successfully completed, facilitated by cash consideration of Rs. 300 Crores for [&hellip;]
- [Tata Consultancy Services (TCS) Signs a 7-Year Deal to Revamp Ramboll's Global IT Infrastructure](https://angelnews.in/tata-consultancy-services-tcs-signs-a-7-year-deal-to-revamp-rambolls-global-it-infrastructure/): COPENHAGEN : Tata Consultancy Services (TCS) has entered into a multimillion-dollar strategic collaboration to lead the end-to-end IT transformation of Ramboll, a global leader in architecture, engineering, and consultancy based in Denmark. Over the next seven years, TCS will undertake the task of modernizing and streamlining Ramboll’s IT operating model to foster business expansion and optimize IT costs. TCS will provide a range of services including managing Ramboll’s cloud and data centers, application development and maintenance, Cyber Security, and Digital Workplace solutions. This initiative aims to establish a digital foundation for Ramboll&#8217;s growth trajectory, while also reducing its environmental footprint and [&hellip;]
- [HCL Technologies has Attained the AWS Generative AI Competency](https://angelnews.in/hcl-technologies-has-attained-the-aws-generative-ai-competency/): NEW YORK, US : HCL Technologies, a leading global technology company, has achieved the Amazon Web Services (AWS) Generative AI Competency Partner status, recognizing its expertise in building generative AI (GenAI) applications on AWS and delivering transformative outcomes to enterprises. Leveraging AWS&#8217;s advanced GenAI portfolio, including Amazon CodeWhisperer, Amazon Bedrock, Amazon SageMaker, and Amazon Q, HCLTech has developed innovative GenAI solutions across various industries and enterprise functions. These solutions prioritize responsible and ethical AI practices, such as privacy protection, intellectual property rights preservation, and factual accuracy maintenance. Prabhakar Appana, Senior Vice President and Head of AWS Business Unit at HCLTech, commented, [&hellip;]
- [Datamatics has Introduced TruCap+ GenAI Pricing Along with its Powerful Capabilities](https://angelnews.in/datamatics-has-introduced-trucap-genai-pricing-along-with-its-powerful-capabilities/): Datamatics, a prominent global Digital Technologies, Operations, and Experiences Company, has unveiled the pricing for its highly anticipated GenAI version of TruCap+ Intelligent Document Processing (IDP) product. This announcement positions Datamatics as one of the pioneers in the IDP software domain, offering transparent and accessible pricing for its GenAI version, thereby providing customers with precise and predictable expenditure for utilizing GenAI technology. The GenAI version of TruCap+ was launched by Datamatics in November 2023 and is now available to all its customers. Datamatics TruCap+ is an AI-powered IDP software designed to automate data extraction from structured, semi-structured, and unstructured documents. With [&hellip;]
- [SBI Card and Titan have Jointly Unveiled the Titan SBI Card](https://angelnews.in/sbi-card-and-titan-have-jointly-unveiled-the-titan-sbi-card/): SBI Card, India’s leading pure-play credit card issuer, has teamed up with Titan Company Limited, a prominent player in the jewellery, watches, eyewear, and ethnic wear sectors, to unveil the Titan SBI Card today. This one-of-a-kind shopping credit card is tailored to cater to consumers&#8217; aspirational spending desires, offering accelerated benefits across various lifestyle categories. Packed with features such as cashbacks, Titan gift vouchers, and Reward Points, cardholders can enjoy exclusive benefits totaling over INR 2,00,000 annually. Enrollment for the card is available entirely through digital means via SBI Card SPRINT on the SBI Card website or at Titan stores. Key [&hellip;]
- [Blue Dart Introduces an Advanced Digital Empowerment Solution Tailored for Both MSMEs and Large Enterprises](https://angelnews.in/blue-dart-introduces-an-advanced-digital-empowerment-solution-tailored-for-both-msmes-and-large-enterprises/): Blue Dart, the premier express air and integrated transportation &amp; distribution company in South Asia, is excited to unveil its revolutionary Unified Shipping API Software Platform. This platform is meticulously crafted to empower Micro, Small, and Medium Enterprises (MSMEs) as well as Large Enterprises throughout India, catering to their diverse logistics needs. This groundbreaking tool is engineered to tackle the unique challenges encountered by businesses of varying sizes in managing their First Mile Dispatches through Digitization, with a primary focus on enhancing operational efficiency. By simplifying operations and fostering growth across all enterprise segments, Blue Dart aims to revolutionize how businesses [&hellip;]
- [Gensol Engineering Limited Powered Up Trident's Budhni Textile Unit With a 10.6 MWp Rooftop Solar Project](https://angelnews.in/gensol-engineering-limited-powered-up-tridents-budhni-textile-unit-with-a-10-6-mwp-rooftop-solar-project/): Gensol Engineering Limited (BSE: 542851, NSE: GENSOL), a prominent player in solar power EPC (engineering, procurement, and construction) services and electric mobility, has announced the successful execution of a significant 10.6 MWp rooftop solar project for Trident Limited in Madhya Pradesh. This accomplishment signifies a major milestone for both companies, showcasing Gensol&#8217;s proficiency in sustainable energy solutions and advancing Trident Limited towards its clean energy objectives. The project incorporates high-efficiency Bi-facial solar modules, strategically selected to optimize energy production and ensure long-term reliability. This innovative approach aligns closely with India&#8217;s ambitious renewable energy objectives and contributes substantially to the establishment of [&hellip;]
- [Castrol and BP India have Partnered with the Mumbai Indians for the Upcoming IPL Cricket League in 2024](https://angelnews.in/castrol-and-bp-india-have-partnered-with-the-mumbai-indians-for-the-upcoming-ipl-cricket-league-in-2024/): Castrol, a renowned lubricant brand and subsidiary of the BP group, has revealed its collaboration with the Mumbai Indians (MI) as the &#8216;Official Performance Partner&#8217; for the forthcoming cricketing league, set to commence on March 22, 2024. This partnership highlights Castrol&#8217;s longstanding tradition of associating with some of the world&#8217;s most prestigious sporting events. Notably, Castrol&#8217;s recent sponsorship with JioCinema for streaming the 2023 TATA Indian Premier League as an associate sponsor demonstrates its commitment to premier sports events. As the Official Performance Partner of the Mumbai Indians, the logos of BP and Castrol will prominently adorn the lead leg of [&hellip;]
- [DOMS Industries Limited has Approved an Investment to Acquire 51% Stake in SKIDO Industries Private Limited](https://angelnews.in/doms-industries-limited-has-approved-an-investment-to-acquire-51-stake-in-skido-industries-private-limited/): The Board of Directors of DOMS Industries Limited has, during their meeting on Wednesday, March 20, 2024, granted approval for an investment of ₹ 51,00,000 (Rupees Fifty One Lakhs Only) towards acquiring a 51% stake in SKIDO Industries Private Limited (&#8216;SKIDO&#8217;). This investment entails subscribing to 5,10,000 (Five Lakhs Ten Thousand) Equity Shares priced at ₹ 10 (Rupees Ten) each. Additionally, the Board has endorsed the execution of the Share Subscription Agreement and Shareholders Agreement to formalize the aforementioned transaction, contingent upon necessary approvals and compliance with applicable laws. SKIDO was established on November 22, 2023, with a principal aim to [&hellip;]
- [Himadri Speciality Chemical has Acquired a 40% Stake in Invati Creations](https://angelnews.in/himadri-speciality-chemical-has-acquired-a-40-stake-in-invati-creations/): Himadri Speciality Chemical Limited (Himadri), a leading global specialty chemical conglomerate, has disclosed the acquisition of a 40% stake in Invati Creations Private Limited (Invati) for a total consideration of Rs. 45.16 crores. In this agreement, Himadri will partially procure Invati&#8217;s stake by injecting Rs. 19.99 crores as growth capital, while the remaining consideration of Rs. 25.17 crores will be met through a share swap. This will involve the issuance of 7,96,446 equity shares of Himadri Speciality Chemical Limited, each with a face value of INR 1/-, on a preferential basis to Invati&#8217;s promoters. As part of its strategic investment, Himadri [&hellip;]
- [Aster's Separation of India and GCC Businesses and the Proposed Investment by a Consortium Led by Fajr Capital are Nearing Completion](https://angelnews.in/asters-separation-of-india-and-gcc-businesses-and-the-proposed-investment-by-a-consortium-led-by-fajr-capital-are-nearing-completion/): Dubai | Bangalore: Aster DM Healthcare Limited (&#8220;Company&#8221;), a prominent integrated healthcare provider in GCC and India, has announced that the division of its India and GCC businesses, along with the proposed investment in the GCC business by a consortium led by Fajr Capital, a UAE-based sovereign-owned private equity firm, is on the verge of completion. Key highlights : In November 2023, Aster DM Healthcare Limited revealed its intention to sell shares held by Affinity Holdings Pvt Ltd (&#8220;Company&#8221;), a wholly-owned subsidiary, in Aster DM Healthcare FZC to Alpha GCC Holdings Limited (&#8220;Transaction&#8221;). The primary objective of this plan was to [&hellip;]
- [Castrol and BP India have Signed Shah Rukh Khan as Their Brand Ambassador](https://angelnews.in/castrol-and-bp-india-have-signed-shah-rukh-khan-as-their-brand-ambassador/): Castrol, a subsidiary of the BP Group and a leading global lubricant manufacturer, announces its strategic collaboration with renowned Bollywood superstar Shah Rukh Khan as its brand ambassador. This partnership underscores Castrol India’s commitment to delivering high-quality lubricants. Over the next two years, Shah Rukh Khan will be featured in digital, print, and television campaigns for BP and Castrol, showcasing their diverse range of products. Mr. Sashi Mukundan, President of BP India and Senior Vice President of the BP Group, expressed, “Our partnership with Shah Rukh Khan reflects our dedication to innovation and excellence in the automotive industry. This reflects our [&hellip;]
- [TCS Pace Port in London Aims to Foster Innovation-Driven Growth in the UK](https://angelnews.in/tcs-pace-port-in-london-aims-to-foster-innovation-driven-growth-in-the-uk/): LONDON | MUMBAI : Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has unveiled its latest initiative, the Pace Port, situated in the heart of London, designed to drive and expedite innovation-led growth in the United Kingdom while assisting businesses in bringing innovation to fruition. Located strategically in London&#8217;s core, the TCS Pace Port Innovation Hub is poised to emerge as a vibrant nucleus for pioneering technology, research, and development in the region. Drawing upon TCS&#8217;s vast expertise in technology-driven business transformation, the hub is positioned to ignite the adoption of innovation-centric solutions. These solutions encompass emerging technologies aimed at empowering [&hellip;]
- [Joy E-bike Expands with 150+ New Distributor Showrooms across India, Boosting Distribution Network](https://angelnews.in/joy-e-bike-expands-with-150-new-distributor-showrooms-across-india-boosting-distribution-network/): Wardwizard Innovations &amp; Mobility Limited, a prominent manufacturer of electric two-wheelers branded as &#8216;Joy e-bike&#8217; and three-wheelers branded as &#8216;Joy e-rik&#8217; in India, has proudly announced a significant achievement in its rapid expansion journey. Over the past year, the brand has accelerated its strategic expansion by inaugurating 156 exclusive distributor showrooms nationwide, alongside establishing 750+ touchpoints across India. This marks the successful completion of the first phase of expansion, aligning with the company&#8217;s core objective of prioritizing consumers. These exclusive distributor showrooms strategically span across various regions of India, including Maharashtra, Gujarat, Rajasthan, and Madhya Pradesh in the West; Delhi, Chandigarh, [&hellip;]
- [Central Bank in the United States has Chosen TCS BaNCS to Modernize its Core Technology](https://angelnews.in/central-bank-in-the-united-states-has-chosen-tcs-bancs-to-modernize-its-core-technology/): JEFFERSON CITY, MISSOURI : Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has revealed that Central Bank, a prominent Midwest regional bank, will utilize TCS BaNCS to modernize its core technology infrastructure, drive innovation, and fortify customer relationships. This strategic collaboration aims to establish seamless and adaptable customer onboarding processes, fostering sustained growth for the bank. Central Bank oversees assets exceeding $20 billion and operates in over 150 locations across 78 communities spanning Missouri, Kansas, Illinois, and Oklahoma. By selecting TCS BaNCS, Central Bank underscores its dedication to leveraging advanced technology to streamline operations and enrich customer experiences. The bank will [&hellip;]
- [CAMS has Launched an Additional New Facility in GIFT City](https://angelnews.in/cams-has-launched-an-additional-new-facility-in-gift-city/): CAMS announced that it has received approval from the Development Commissioner, GIFT SEZ, Gandhinagar, to commence operations at its new facility in Brigade International Finance Centre, GIFT City, Gujarat. While continuing to serve its existing 15+ clients from its current location in GIFT City, CAMS looks forward to unveiling its new office shortly, along with an expanded team. The company&#8217;s presence in this vibrant hub offers significant benefits to its clients, including opportunities for expansion and access to global markets, favorable regulatory and infrastructural support, seamless global connectivity, and simplified administrative procedures in a business-friendly environment. CAMS provides a comprehensive suite [&hellip;]
- [Dr. Reddy's Laboratories Launches Versavo (Bevacizumab) in the United Kingdom](https://angelnews.in/dr-reddys-laboratories-launches-versavo-bevacizumab-in-the-united-kingdom/): United Kingdom (UK) : Dr. Reddy’s Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY, NSEIFSC: DRREDDY), a renowned global pharmaceutical company, has announced the introduction of Versavo (bevacizumab) in the United Kingdom (UK). Versavo, a biosimilar of Avastin1, is manufactured by Dr. Reddy’s and is approved for the treatment of various cancers, including metastatic colorectal cancer, advanced non-squamous non-small cell lung cancer, recurrent glioblastoma, metastatic renal cell carcinoma, advanced cervical cancer, ovarian cancer, and metastatic breast cancer2. This launch marks the debut of Dr. Reddy’s biosimilar product in the UK market, available in strengths of 100mg and 400mg single-use vials. Versavo [&hellip;]
- [HCL Technologies and CAST have Extended their Partnership to Further Specialize in Custom Chip Solutions](https://angelnews.in/hcl-technologies-and-cast-have-extended-their-partnership-to-further-specialize-in-custom-chip-solutions/): WOODCLIFF LAKE, US : HCL Technologies, a prominent global technology firm, and CAST, a provider of semiconductor intellectual property (IP) cores, have announced their intention to expand their partnership to offer customized chips. This collaboration aims to empower original equipment manufacturers (OEMs) across various industries to accelerate their digital transformation and automation initiatives. HCL Technologies plans to bolster the design verification, emulation, and rapid prototyping of its turnkey system-on-chip (SoC) solutions by integrating silicon-proven IP cores and controllers from CAST. This strategic move is expected to assist OEMs in sectors such as automotive, consumer electronics, and logistics in significantly mitigating engineering [&hellip;]
- [JBM Auto Wins Order Worth Rs 7,500 Crores Under the PM-eBus Sewa Scheme](https://angelnews.in/jbm-auto-wins-order-worth-rs-7500-crores-under-the-pm-ebus-sewa-scheme/): JBM Ecolife Mobility Private Limited, a subsidiary of JBM Auto Limited, has emerged as the L1 bidder and clinched a significant contract under the PM E-bus Sewa Scheme, awarded by Convergence Energy Services Limited (CESL). The contract entails the procurement, supply, operation, and maintenance of 1,390 electric buses, approximately 65% of the total, as well as the development of associated electric and civil infrastructure. Operating under the Gross Cost Contracting (GCC) framework, this domestic contract spans a time period of 12-18 months, with an approximate order value of Rs. 7,500 Crore. This partnership marks a substantial step towards sustainable mobility in [&hellip;]
- [EaseMyTrip Collaborates with Zoomcar to Offer Pre-Booked and on-Demand Self-Drive Cars Across India](https://angelnews.in/easemytrip-collaborates-with-zoomcar-to-offer-pre-booked-and-on-demand-self-drive-cars-across-india/): EaseMyTrip.com, a prominent online travel tech platform in India, and Zoomcar, a leading NASDAQ-listed car-sharing marketplace, have announced a strategic partnership to enhance customer convenience in travel arrangements. This collaboration integrates Zoomcar&#8217;s wide selection of self-drive cars seamlessly into the EaseMyTrip platform, enabling users to book their preferred Zoomcar directly through the EaseMyTrip app. This integration offers travelers flexibility and convenience in planning their journeys. EaseMyTrip users now gain access to Zoomcar&#8217;s extensive fleet of over 25,000 cars, including hatchbacks, sedans, and SUVs such as Kia Carens, Hyundai Creta, Tata Nexon, MG Astor, and more. This integration allows travelers to effortlessly [&hellip;]
- [Dhani Services Limited, Through its Wholly Owned Subsidiary Companies Submitted the Building Plans to the DTCP](https://angelnews.in/dhani-services-limited-through-its-wholly-owned-subsidiary-companies-submitted-the-building-plans-to-the-dtcp/): Dhani Services Limited, along with its wholly owned subsidiary companies, has Submitted building plans to the Directorate of Town and Country Planning (DTCP) for approval of a residential development saleable area spanning 60 lac sq ft in Sector 104, Gurugram, situated along the 8-lane Dwarka Expressway. The project is slated for launch in July 2024. Dhani Services Limited, along with its wholly owned subsidiary companies, has Submitted building plans for the development of 2.6 lac sq ft of office space in Worli, Mumbai. The project is anticipated to be launched in August 2024
- [Hi-Tech Pipes Announces the Commencement of Commercial Production at its Sanand Unit-1 Facility in Gujarat](https://angelnews.in/hi-tech-pipes-announces-the-commencement-of-commercial-production-at-its-sanand-unit-1-facility-in-gujarat/): Hi-Tech Pipes Limited (NSE: HITECH and BSE Scrip Code: 543411), a leading company in the steel pipe industry, announced the commencement of commercial production at Sanand Unit-II Phase-1 in Gujarat, with a capacity of 170,000 metric tons. This milestone underscores company commitment to providing top-quality steel products that meet the dynamic needs of our global customers. Situated strategically in Sanand, Gujarat, the new manufacturing unit is equipped with state-of-the-art technology and innovative processes aimed at maximizing efficiency and upholding the highest standards of product excellence. Operated by a team of skilled professionals and furnished with cutting-edge machinery, this facility is poised [&hellip;]
- [Salasar Techno Engineering has Received LOI for the Acquisition of EMC Ltd](https://angelnews.in/salasar-techno-engineering-has-received-loi-for-the-acquisition-of-emc-ltd/): Salasar, a prominent player in engineering and infrastructure solutions, has received a Letter of Intent (LOI) for the acquisition of EMC Ltd. (Formerly known as Electrical Manufacturing Company Limited), a key player in the EPC industry. Valued at Rs. 1,780 Mn, this acquisition signifies a significant milestone in Salasar&#8217;s growth trajectory and strategic expansion plans. This acquisition offers several advantages for Salasar, including: Enhanced Market Presence: Strengthening Salasar&#8217;s position in the EPC sector, particularly in power transmission and substation segments, thereby expanding its market reach. Expanded Portfolio: Leveraging EMC Ltd.&#8217;s expertise in turnkey projects, Salasar can offer a broader range of [&hellip;]
- [CRISIL Ratings has Upgraded UGRO Capital Limited's Rating to CRISIL A/Stable from CRISIL A-/Positive](https://angelnews.in/crisil-ratings-has-upgraded-ugro-capital-limiteds-rating-to-crisil-a-stable-from-crisil-a-positive/): U GRO Capital, a prominent DataTech NBFC specializing in MSME lending, achieves a significant milestone with CRISIL Ratings upgrading its long-term rating on bank loans and non-convertible debentures to &#8216;CRISIL A/Stable&#8217; from &#8216;CRISIL A-/Positive&#8217;, while reaffirming the short-term rating at &#8216;CRISIL A1&#8217;. This upgrade highlights U GRO&#8217;s capability to strengthen its franchise business, propelled by robust business prospects and an extensive operating network. The achievement is further accentuated by U GRO&#8217;s favorable capitalization levels and enhanced diversity in its resource profile. Notably, U GRO has raised substantial equity capital of approximately Rs 1,240 crore since its inception, with a recent infusion [&hellip;]
- [Ampere's New Electric Scooter Completes Longest Electric Scooter Ride From Kashmir to Kanyakumari](https://angelnews.in/amperes-new-electric-scooter-completes-longest-electric-scooter-ride-from-kashmir-to-kanyakumari/): Ampere&#8217;s highly anticipated new electric scooter, dubbed &#8216;The Nex Big Thing&#8217;, has successfully completed its epic journey from Kashmir to Kanyakumari (K2K), marking a significant milestone for Greaves Electric Mobility Private Limited (GEMPL), the e-mobility business of Greaves Cotton Limited. Covering a distance of over 10,000 kilometers, this remarkable feat demonstrates unparalleled determination and resilience of Ampere, showcasing the exceptional capabilities of electric mobility. &#8216;The Nex Big Thing&#8217; emerges as the pioneer electric scooter to achieve such a monumental journey. To commemorate this achievement, the Deputy Superintendent of Police of Kanyakumari, Mr. P. Mahesh Kumar, and Inspector, Mr. Napoleon, joined the [&hellip;]
- [TCS has Secured the Top Position for Customer Satisfaction Among European Companies for the 11th Consecutive Year](https://angelnews.in/tcs-has-secured-the-top-position-for-customer-satisfaction-among-european-companies-for-the-11th-consecutive-year/): AMSTERDAM : Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has maintained its position as the top IT service provider for customer satisfaction across Europe, according to Whitelane Research&#8217;s independent survey of leading IT spending organizations. TCS has achieved this top ranking for the 11th consecutive year. Additionally, TCS holds the #1 spot in customer satisfaction in Financial Services (84% vs industry average of 75%) and Manufacturing &amp; Chemicals, Consumer Goods &amp; Pharmaceuticals (81% vs industry average of 76%), as per Whitelane Research. The comprehensive Whitelane Research 2023/2024 IT Sourcing Study surveyed over 2,000 participants from Europe&#8217;s top IT spending organizations, [&hellip;]
- [Star Health Intends to Provide Insurance Denominated in Dollars Through its Branch in GIFT City](https://angelnews.in/star-health-intends-to-provide-insurance-denominated-in-dollars-through-its-branch-in-gift-city/): Star Health and Allied Insurance Company Ltd. (Star Health Insurance), India&#8217;s largest retail health insurance provider, has announced its registration by IFSCA to establish an IFSC International Office (IIO) at Gujarat International Finance Tec-City (GIFT City). The company plans to inaugurate its operations with a branch in GIFT City by the end of March 2024. This strategic move places Star Health Insurance in the international financial landscape, offering health insurance solutions denominated in US dollars to the global Indian community. With its presence in GIFT City&#8217;s International Financial Services Centre (IFSC), Star Health Insurance aims to significantly broaden its global footprint [&hellip;]
- [ACC and Ambuja Cements Launches Two New Facilities to Improve Sustainable Waste Management](https://angelnews.in/acc-and-ambuja-cements-launches-two-new-facilities-to-improve-sustainable-waste-management/): ACC and Ambuja Cements, both cement and building material companies within the diverse Adani Group, have unveiled two innovative facilities, marking a significant advancement in sustainable waste management. These facilities, the Ambuja Marwar Pre-processing and Co-processing Facility and the ACC Jamul Co-processing Facility, are poised for imminent operation. The Ambuja Marwar Pre-processing and Co-processing Facility stands out with its capacity to convert 220,000 tons of waste into alternative fuels, thereby enhancing sustainable waste management in the region and elevating the plant&#8217;s Thermal Substitution Rate (TSR) to an impressive 15%. A notable aspect of this initiative is the collaboration with the Ambuja [&hellip;]
- [Sona Comstar Hits Major Production Milestones: 400M Differential Gears and 6M Differential Assemblies](https://angelnews.in/sona-comstar-hits-major-production-milestones-400m-differential-gears-and-6m-differential-assemblies/): Sona BLW Precision Forgings Ltd. (Sona Comstar), a prominent global provider of automotive technology solutions, proudly announces the attainment of two significant production milestones. The company has successfully manufactured 400 million differential gears and 6 million differential assemblies, marking a remarkable achievement in its pursuit of excellence. Sona Comstar specializes in designing and manufacturing differential assemblies, precision-forged differential gears, and other driveline components for Battery Electric Vehicles (BEV), Passenger Vehicles, Commercial Vehicles, and Off-highway Vehicles. Notably, Sona Comstar stands as one of the largest manufacturers of differential assemblies for BEVs globally. According to Ricardo&#8217;s estimates, the company&#8217;s global market share of [&hellip;]
- [Gensol Engineering Limited Successfully Finishes a 160 MW Ground-Mounted Solar Project in Gujarat](https://angelnews.in/gensol-engineering-limited-successfully-finishes-a-160-mw-ground-mounted-solar-project-in-gujarat/): Gensol Engineering Limited (BSE: 542851, NSE: GENSOL), a leading company in solar power engineering, procurement, and construction (EPC) services, as well as electric mobility, is announced the successful completion of a 160 MW solar installation in Bhavnagar, Gujarat. This project, valued at Rs 128 Crores, was completed for Continuum Green Energy, a prominent player in India&#8217;s renewable energy sector catering to commercial and industrial consumers. This accomplishment highlights Gensol&#8217;s expertise in efficiently delivering high-quality ground-mounted solar projects. Gensol boasts a distinguished track record of over 600 MW across various solar projects, including rooftop, ground-mounted, and floating installations nationwide. These projects, undertaken [&hellip;]
- [Quint Digital Limited has Acquired an Additional 2.35% Stock of Lee Enterprises, an American Company Listed on NASDAQ](https://angelnews.in/quint-digital-limited-has-acquired-an-additional-2-35-stock-of-lee-enterprises-an-american-company-listed-on-nasdaq/): Quint Digital Limited has purchased an additional 2.35% stake in Lee Enterprises, Inc., an American company listed on NASDAQ. Following this acquisition, Quint Digital Limited now holds a total ownership interest of 10.70% in Lee Enterprises, Inc. Lee Enterprises is a prominent provider of local news and information, as well as a significant advertising platform. They offer daily newspapers, rapidly expanding digital products, marketing services, innovative technology, and nearly 350 weekly and specialty publications across 73 markets in 26 states. In 2020, Lee Enterprises acquired Warren Buffet’s Berkshire Hathaway newspaper operations, including BH Media Group’s publications and The Buffalo News. Lee [&hellip;]
- [DroneAcharya Aerial Innovations Limited Secured a Supply Order of Drone Controllers From the Northern Command](https://angelnews.in/droneacharya-aerial-innovations-limited-secured-a-supply-order-of-drone-controllers-from-the-northern-command/): DroneAcharya Aerial Innovations Limited, a prominent provider of drone solutions, is excited to announce the acquisition of a supply order for drone controllers from the esteemed Northern Command. This contract marks a significant achievement for DroneAcharya as it continues its endeavors to bolster defense efforts and contribute to national security. The procurement of drone controllers by the Northern Command underscores the trust and confidence placed in DroneAcharya&#8217;s proficiency and capabilities in delivering advanced technological solutions for defense purposes. These controllers, provided by DroneAcharya, are meticulously designed to meet the demanding requirements of defense operations, ensuring reliability, performance, and seamless integration with [&hellip;]
- [JSW Energy Receives Letter of Award for Additional 500 MW of Wind capacity from Solar Energy Corporation of India Limited](https://angelnews.in/jsw-energy-receives-letter-of-award-for-additional-500-mw-of-wind-capacity-from-solar-energy-corporation-of-india-limited/): JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited, has been granted a Letter of Awards (LoA) for an additional 500 MW of wind capacity through the greenshoe option for the SECI Wind Power Projects (Tranche &#8211; XVI). As a result, JSW Neo&#8217;s cumulative capacity allotted under SECI Tranche XVI now stands at 1,000 MW. The Company currently possesses an installed generation capacity of 7.2 GW, out of which 1.6 GW is attributed to wind energy. It anticipates reaching a total installed capacity of 9.8 GW by CY24. Including the newly awarded capacity of 500 MW under SECI [&hellip;]
- [BuzzWorks, a Venture by Brigade Group, Introduces Ultra-Premium Managed Office Spaces at WTC Annexe Located in Bengaluru](https://angelnews.in/buzzworks-a-venture-by-brigade-group-introduces-ultra-premium-managed-office-spaces-at-wtc-annexe-located-in-bengaluru/): Brigade Group, a prominent real estate developer in India, proudly unveils BuzzWorks at WTC Annexe, nestled within Brigade Gateway in Malleswaram-Rajajinagar. Spanning 10 storeys, WTC Annexe offers over 1 lakh square feet of commercial space in North West Bengaluru. BuzzWorks by Brigade Group introduces flexible and managed workspace solutions within this development, tailored to meet the evolving needs of modern businesses. Positioned within Brigade Gateway, a renowned township housing The World Trade Center, Sheraton Grand Hotel, and the Orion Mall, WTC Annexe presents flexible and managed workspace solutions. Spearheaded by BuzzWorks by Brigade Group, these offices are crafted and operated to [&hellip;]
- [Intellect Design Unveils Purple Fabric, a Rapid Enterprise AI Platform Tailored for Financial Institutions](https://angelnews.in/intellect-design-unveils-purple-fabric-a-rapid-enterprise-ai-platform-tailored-for-financial-institutions/): IntellectAI, a unit of Intellect Design Arena Ltd, has unveiled Purple Fabric, an advanced AI platform designed to accelerate AI adoption in financial institutions. Building on the eMACH.ai framework, Purple Fabric moves beyond basic automation to provide Enterprise Connected Intelligence, helping FIs achieve significant business impact. Addressing challenges with traditional AI integration and data fragmentation, Purple Fabric uses Intellect’s extensive domain expertise to offer a solution that emphasizes Ethical AI and includes comprehensive audit trails. It transforms enterprise data into actionable insights by making it Retrieval-Augmented Generation (RAG)-ready and supports the rapid development of AI solutions. The platform also features SWARM [&hellip;]
- [Thomas Cook India Introduces a New AI-Driven Platform Designed to Assist Customers in Planning their Personalized Vacations](https://angelnews.in/thomas-cook-india-introduces-a-new-ai-driven-platform-designed-to-assist-customers-in-planning-their-personalized-vacations/): Thomas Cook (India) Limited, a leading omnichannel travel services provider, and its group company, SOTC Travel, have unveiled an AI-powered platform designed to streamline the process of planning, checking availability, and booking customized holidays. Initially rolled out to sellers, this platform will soon be accessible to end customers through the company websites, thomascook.in and sotc.in, as well as the company apps. Traditionally, creating a customized travel program has been a complex and time-consuming task for holiday experts, involving research, itinerary creation, pricing, and booking, often requiring coordination with multiple suppliers and taking between 48 to 72 hours or more. The new [&hellip;]
- [TVS SCS has Secured a Multi-Year Contract with JCB for in-Plant Logistics at their Vadodara Facility, Spanning Three Years](https://angelnews.in/tvs-scs-has-secured-a-multi-year-contract-with-jcb-for-in-plant-logistics-at-their-vadodara-facility-spanning-three-years/): TVS Supply Chain Solutions Limited (NSE: TVSSCS, BOM: 543965), a leading global provider of supply chain solutions and one of the largest and fastest-growing integrated supply chain solutions providers in India, has secured a new contract with JCB India. This three-year contract involves managing in-plant warehousing and logistics operations at JCB’s Vadodara facility in Gujarat. TVS SCS has been partnering with JCB for over two decades, previously providing aftermarket warehouse services in Bhaproda, Haryana for parts distribution. Mr. K. Sukumar, CEO of TVS Supply Chain Solutions India, expressed enthusiasm about the new contract, stating, “JCB has been a crucial partner in [&hellip;]
- [Brigade Foundation and BCIC launch the Brigade-BCIC Skill Development Academy](https://angelnews.in/brigade-foundation-and-bcic-launch-the-brigade-bcic-skill-development-academy/): Brigade Foundation, the philanthropic arm of Brigade Group, proudly announces the inauguration of the first phase of the ‘Brigade-BCIC Skill Development Academy (BBSDA) &#8211; a Centre of Excellence’. Located on a 5-acre site in Aerospace Park, Bangalore North, the academy features cutting-edge facilities designed to enhance skill development. Launched in collaboration with the Bangalore Chamber of Industry and Commerce (BCIC) as knowledge partners, BBSDA aligns with Brigade Foundation’s core mission to make a significant impact on the lives of the unemployed and underemployed. This not-for-profit initiative aims to address industry needs and improve employability through specialized training in construction, hospitality and [&hellip;]
- [Patel Engineering and its JV Partner have Won a ₹317.60 Crore Irrigation Project from the Maharashtra Government](https://angelnews.in/patel-engineering-and-its-jv-partner-have-won-a-%e2%82%b9317-60-crore-irrigation-project-from-the-maharashtra-government/): The Office of the Executive Engineer, Government of Maharashtra, has awarded Patel Engineering Limited (PEL) and its joint venture (JV) partner a ₹317.60 crore contract. The project involves constructing water lifting arrangements for the first stage of the Jigaon project, including civil, mechanical, and electrical components, and is set to be completed within 24 months. Located in Maharashtra, PEL’s share of the project is 35%. The scope includes building water lifting systems for LIS 1 to 12, covering approach channels, rising mains, pumping machinery, switchyards, and all related civil, mechanical, and electrical works. Ms. Kavita Shirvaikar, Acting Managing Director of Patel [&hellip;]
- [TIL Limited has Partnered with Snorkel Europe Limited to Become the Sales and Service Partner for Snorkel in Northern and Eastern India, Nepal, and Bhutan](https://angelnews.in/til-limited-has-partnered-with-snorkel-europe-limited-to-become-the-sales-and-service-partner-for-snorkel-in-northern-and-eastern-india-nepal-and-bhutan/): TIL Limited (NSE: TIL) has partnered with Snorkel Europe Limited to become the Sales and Service partner for Northern and Eastern India, the Andaman and Nicobar Islands, Nepal, and Bhutan. This partnership represents a significant step for TIL in meeting the varied needs of its customers involved in national development and defense. It also supports the company’s vision of becoming a globally trusted provider of engineering solutions that deliver sustainable value. The new product range is expected to contribute approximately INR 200 crore to TIL’s revenue by FY 2028. Snorkel will provide its product range and support, while TIL will leverage [&hellip;]
- [Infibeam Avenues Ltd to Take Over Majority Share in Rediff.com and Enter the Financial Services Sector as an Aggregator](https://angelnews.in/infibeam-avenues-ltd-to-take-over-majority-share-in-rediff-com-and-enter-the-financial-services-sector-as-an-aggregator/): Infibeam Avenues Ltd, a leading AI-powered fintech company (BSE: 539807; NSE: INFIBEAM), has announced it will acquire a 54% stake in Rediff.com India Ltd., one of India’s pioneering and most esteemed internet enterprises. This acquisition, funded internally, represents a major milestone for Infibeam Avenues as it ventures into consumer-facing digital financial services as an aggregator. The move is bolstered by Rediff’s established platforms in mainstream news, cloud-based enterprise email storage, and collaboration. Mr. Ajit Balakrishnan, Chairman &amp; CEO of Rediff.com, expressed his confidence in Infibeam’s acquisition, stating, “I am thrilled to entrust this iconic brand and its legacy to Mr. Vishal [&hellip;]
- [HPL Electric Q1FY25 Results : Revenue Increases 22.5% YOY , PAT Increases 145.45% YOY to ₹17.03 Crores](https://angelnews.in/hpl-electric-q1fy25-results-revenue-increases-22-5-yoy-pat-increases-145-45-yoy-to-%e2%82%b917-03-crores/): HPL Electric &amp; Power Ltd. (HPL), a prominent electrical equipment manufacturer, has announced its financial results for Q1 FY2025, ending June 30, 2024. The company reported notable growth in both revenue and profitability, fueled by strong sales performance in its Metering, Systems &amp; Services segments, as well as advancements in smart metering technology. HPL Electric &amp; Power Ltd. reported significant financial growth for Q1 FY25 compared to Q1 FY24. Revenue from operations increased by 22.50%, rising from ₹320.74 crores to ₹392.91 crores. EBITDA saw a substantial rise of 40.19%, growing from ₹40.04 crores to ₹56.13 crores, with the EBITDA margin improving [&hellip;]
- [Hero Motocorp Enters Southeast Asia with Commencement of Operations in the Philippines](https://angelnews.in/hero-motocorp-enters-southeast-asia-with-commencement-of-operations-in-the-philippines/): Hero MotoCorp, the leading global manufacturer of motorcycles and scooters, has launched its operations in the Philippines. This move represents a major step in the company’s strategy to enhance its international footprint. Terrafirma Motors Corporation (TMC), a member of the Columbian Group of Companies and a prominent automotive leader in the Philippines, will act as the exclusive assembler and distributor for Hero MotoCorp’s products and services. This partnership was officially announced in October 2022. A cutting-edge assembly plant and parts warehouse has been established at Terrafirma Motors Corporation in Laguna, Philippines. Covering over 6,000 square meters, the facility has an annual [&hellip;]
- [JSW Neo Energy Limited, a Subsidiary of JSW Energy, has Received a Letter of Intent from GUVNL for a 192 MW Grid-Connected Hybrid Power Project](https://angelnews.in/sw-neo-energy-limited-a-subsidiary-of-jsw-energy-has-received-a-letter-of-intent-from-guvnl-for-a-192-mw-grid-connected-hybrid-power-project/): JSW Neo Energy Limited, a fully owned subsidiary of JSW Energy, has been awarded a Letter of Intent by Gujarat Urja Vikas Nigam Limited for a 192 MW grid-connected hybrid power project, with an additional 96 MW available through a green shoe option. This allocation comes from a competitive bid for Phase II of the 500 MW grid-connected hybrid power projects, which includes a green shoe option for up to 500 MW more. Following this award, JSW Energy’s total locked-in generation capacity will increase to 16.2 GW, including 2.1 GW of hybrid capacity. The company aims to expand its installed generation [&hellip;]
- [Gensol Engineering Wins INR 463 Crore EPC Award for a Solar Plant in Gujarat’s Khavda RE Power Park](https://angelnews.in/gensol-engineering-wins-inr-463-crore-epc-award-for-a-solar-plant-in-gujarats-khavda-re-power-park/): Gensol Engineering Ltd. (BSE: 542851, NSE: GENSOL), a leader in solar EPC services and electric mobility, has been awarded an INR 463 crore contract for the engineering, design, procurement, erection, testing, and commissioning of a solar plant at Khavda RE Power Park in Gujarat’s Rann of Kutch. This state-of-the-art project will feature fixed tilt module mounting and other essential system components. Ms. Shilpa Urhekar, CEO of Solar EPC (India) at Gensol Engineering, commented, “We are thrilled to receive this prestigious contract from a top IPP. It reflects confidence in Gensol’s project management and execution skills. Our deep understanding of customer needs, [&hellip;]
- [Aditya Birla Money Limited Q1 2025 Results : Net Profit Increases 73.3%YOY to 16.36 Crores](https://angelnews.in/aditya-birla-money-limited-q1-2025-results-net-profit-increases-73-3yoy-to-16-36-crores/): The Board of Directors of Aditya Birla Money Limited, at their meeting held today on July 16, 2024, discussed and approved various matters, including the Un-Audited Financial Results of the Company for the quarter ended June 30, 2024. Key highlights : Net Profit Increases 73.3%YOY Net Profit Declines 0.6% QOQ Total Income Increases 50.75% YOY Total Income Increases 3.3% QOQ
- [Happiest Minds has Introduced WATCH360, a Comprehensive Managed Infrastructure Service Package Enhanced with AI Technology](https://angelnews.in/happiest-minds-has-introduced-watch360-a-comprehensive-managed-infrastructure-service-package-enhanced-with-ai-technology/): San Jose, London | Bengaluru : Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), known for its agile and digitally native approach in IT, has launched WATCH360, a comprehensive 360-degree IT Managed Service offering. This new service is designed to streamline organizations&#8217; IT management, offering reliable and cost-effective 24/7 infrastructure management. WATCH360 leverages ELLIPSE, an AI-powered platform incorporating machine learning for real-time insights and automation. This results in improved IT efficiency, cost reduction, and seamless service delivery, all supported by robust SLAs and delivered by experts from ISO 27001-certified centers. This proactive approach enables organizations to concentrate more on core business activities and [&hellip;]
- [Angel One Q1 2025 Results : Net Profit is at 292.7 Crores ,Decreases 13.8% QOQ](https://angelnews.in/angel-one-q1-2025-results-net-profit-is-at-292-7-crores-decreases-13-8-qoq/): The Board of Directors of Angel One Limited, in its meeting on July 1 5.2024, has given approval to the Audited Standalone and Consolidated Financial Results of the Company for the quarter concluding on 30 June 2024. Angel One Q1 2025 Statement of the unaudited consolidated financial results for the quarter ended 30 June 2024 Expenses includes Indian Premier League (&#8220;IPL&#8221;) sponsorship and related expenses amounting to Rs. 1,145.49 million during the quarter ended 30 June 2024 and Rs. 227.44 million during the quarter and year ended 31 March 2024. The company&#8217;s financial performance for the period shows a stable Debt [&hellip;]
- [Ashok Leyland Secures its Largest-Ever Order, Consisting of 2,104 Fully Built Buses, from the Maharashtra State Road Transport Corporation](https://angelnews.in/ashok-leyland-secures-its-largest-ever-order-consisting-of-2104-fully-built-buses-from-the-maharashtra-state-road-transport-corporation/): Ashok Leyland, India&#8217;s leading commercial vehicle manufacturer and flagship of the Hinduja Group, has announced its acquisition of the largest-ever order for fully built buses from the Maharashtra State Road Transport Corporation (MSRTC). The order comprises 2,104 units of the Viking passenger bus model. This milestone further solidifies Ashok Leyland&#8217;s dominant position in the bus segment. MSRTC, one of the largest state transport undertakings in India with a fleet exceeding 15,000 buses, will see Ashok Leyland buses play a significant role in its operations. These buses, fully compliant with the latest CMVR standards and featuring AIS 153 compliant bodies, are equipped [&hellip;]
- [Zen Technologies has Introduced AI-Powered Robots and Unveiled four New Products Designed for the Global Defense Market](https://angelnews.in/zen-technologies-has-introduced-ai-powered-robots-and-unveiled-four-new-products-designed-for-the-global-defense-market/): Hyderabad : Zen Technologies, a leading provider of anti-drone technology and defense training solutions in India, has launched four new products in collaboration with its subsidiary AI Turing Technologies based in Pune. These proprietary innovations &#8211; Hawkeye, Barbarik-URCWS (Ultralight Remote Control Weapon Station), Prahasta, and Sthir Stab 640 &#8211; cater to diverse defense needs, enhancing operational efficiency and providing tactical superiority to armed forces. Hawkeye : Hawkeye is an advanced anti-drone system camera with multiple sensor detection modules, capable of tracking drones up to 15 km in all weather conditions, ensuring continuous threat detection and heightened security. Barbarik-URCWS : Urcws is [&hellip;]
- [Cyient has Announced the Establishment of a Subsidiary Dedicated to its Semiconductor Business](https://angelnews.in/cyient-has-announced-the-establishment-of-a-subsidiary-dedicated-to-its-semiconductor-business/): Cyient Ltd, a global company specializing in Intelligent Engineering solutions for a digital, autonomous, and sustainable future, has announced the strategic expansion of its Semiconductor business through the establishment of a new fully owned subsidiary. This move underscores Cyient’s commitment to innovation and excellence within India&#8217;s burgeoning semiconductor landscape. Mr. Krishna Bodanapu, Vice Chairman &amp; Managing Director of Cyient Limited, expressed his enthusiasm about this strategic initiative, emphasizing its role in enhancing their capabilities in Application Specific Integrated Circuit (ASIC) turnkey design and manufacturing. With the global semiconductor market projected to reach a trillion dollars by 2030 and the Indian Electronics [&hellip;]
- [AVG Logistics has been Awarded a 60 Crore Tender by UPSRTC to Serve as the Authorized Partner for Express Parcel Services](https://angelnews.in/avg-logistics-has-been-awarded-a-60-crore-tender-by-upsrtc-to-serve-as-the-authorized-partner-for-express-parcel-services/): AVG Logistics Limited, a prominent provider of multimodal logistics solutions, is announced its successful bid as the authorized partner for Express Parcel Services with Uttar Pradesh State Road Transport Corporation (UPSRTC). This achievement highlights AVG&#8217;s dedication to excellence and its expanding role in the Express Parcel delivery sector. The tender award signifies a strategic collaboration between AVG and UPSRTC aimed at enhancing the efficiency and reach of Express Parcel services. As the authorized partner, AVG will oversee and optimize Express Parcel operations, ensuring sustainable, punctual, and dependable delivery across designated regions in Uttar Pradesh. Uttar Pradesh, one of India&#8217;s largest and [&hellip;]
- [LTIMindtree and Snowflake Deepen their Partnership to Accelerate Enterprise AI Adoption](https://angelnews.in/ltimindtree-and-snowflake-deepen-their-partnership-to-accelerate-enterprise-ai-adoption/): Warren, New Jersey ,USA | Mumbai, India : LTIMindtree, a global technology consulting and digital solutions company, has launched Canvas.ai on the Snowflake AI Data Cloud. This integration enhances LTIMindtree’s AI capabilities, providing clients with a flexible and accelerated path to harness AI&#8217;s power. Canvas.ai combines customizability, scalability, and an intuitive interface with Snowflake’s capabilities, enabling enterprises to swiftly transform their applications. The collaboration integrates Canvas.ai’s proactive governance features with Snowflake’s enterprise-grade models like Snowflake Arctic LLMs. This partnership aims to enhance usability and efficiency, facilitating easier deployment of AI solutions. Canvas.ai&#8217;s navigator applications further accelerate the AI journey, simplifying the [&hellip;]
- [LT Foods has Extended its Presence to the United Kingdom with the Inauguration of a State-Of-The-Art Facility in Harlow](https://angelnews.in/lt-foods-has-extended-its-presence-to-the-united-kingdom-with-the-inauguration-of-a-state-of-the-art-facility-in-harlow/): LT Foods, a venerable Indian-origin global FMCG company with over 70 years of experience in the consumer food sector, has inaugurated a cutting-edge facility in the United Kingdom (U.K.). This new facility marks LT Foods&#8217; ambitious entry into the U.K. rice market, aiming to cater to the increasing demand for authentic and high-quality rice and rice-based food products. Equipped with the latest technology and advanced infrastructure, the facility is designed to uphold LT Foods&#8217; reputation for excellence and reliability in its product offerings. Spanning an impressive 100,000 square feet in Harlow, the strategic location of the facility enables LT Foods to [&hellip;]
- [Kalpataru Projects International Limited Wins New Orders Worth ₹ 2,995 Crores](https://angelnews.in/kalpataru-projects-international-limited-wins-new-orders-worth-%e2%82%b9-2995-crores/): Kalpataru Projects International Limited (KPIL), one of India&#8217;s largest Engineering &amp; Construction companies listed on the stock exchange, together with its Joint Ventures (JVs) and international subsidiaries, has secured new orders/notifications of awards totaling ₹2,995 Crores. The breakdown of these new orders is as follows: Orders in the Transmission &amp; Distribution (T&amp;D) business from overseas markets. EPC Order in the Water business through a Joint Venture. Orders in the Buildings &amp; Factories (B&amp;F) segment within India. Manish Mohnot, MD &amp; CEO of KPIL, expressed his satisfaction, stating, “We are pleased with the recent order wins in our T&amp;D, B&amp;F, and Water [&hellip;]
- [BLS International Holding Anonim Sirketi (Turkey) has Acquired 100% of iDATA, a Turkey-based Visa and Consular Services provider](https://angelnews.in/bls-international-holding-anonim-sirketi-turkey-has-acquired-100-of-idata-a-turkey-based-visa-and-consular-services-provider/): BLS International Services Limited (&#8220;BLS&#8221;), a prominent global partner providing tech-enabled services for governments and citizens, has announced the successful acquisition of 100% stake in iData Danısmanlık Ve Hizmet Dis Ticaret Anonim Sirketi and its wholly owned subsidiaries (&#8220;iDATA&#8221;). This acquisition was completed through BLS International FZE (a wholly owned subsidiary of BLS) and BLS International Holding Anonim Sirketi (a subsidiary of BLS International FZE). iDATA, based in Turkey, is well-known for its comprehensive visa processing and consular services, operating through more than 37 Visa Application Centres (VAC) in over 15 countries. It serves diplomatic missions of countries such as Germany, [&hellip;]
- [Malaysia Airlines has Chosen RateGain Travel Technologies for a Long-Term Partnership to Leverage AI-Driven Rate Intelligence](https://angelnews.in/malaysia-airlines-has-chosen-rategain-travel-technologies-for-a-long-term-partnership-to-leverage-ai-driven-rate-intelligence/): RateGain Travel Technologies Limited, a global provider of SaaS solutions for the travel and hospitality industries, has announced a significant partnership with Malaysia Airlines Berhad (&#8220;Malaysia Airlines&#8221;), the national flag carrier of Malaysia. This multi-year collaboration will see Malaysia Airlines leveraging RateGain’s advanced AirGain platform to enhance its competitive edge through superior pricing intelligence capabilities. The partnership aims to elevate Malaysia Airlines&#8217; performance across its extensive network of domestic and international routes. In the dynamic aviation industry marked by growth and competition, the integration of the AirGain platform positions Malaysia Airlines not only to compete effectively but also to lead market [&hellip;]
- [Bandhan Bank has Introduced Improved Trade Products to Streamline International Business Transactions](https://angelnews.in/bandhan-bank-has-introduced-improved-trade-products-to-streamline-international-business-transactions/): Bandhan Bank has announced the launch of a comprehensive suite of trade products aimed at facilitating seamless global business transactions. These new offerings are designed to streamline operations and enhance financial flexibility for businesses engaged in international trade. They cater to both importers and exporters, providing customized solutions to meet a wide range of business requirements and instilling confidence in global trade transactions. The newly introduced products include Remittances, Letter of Credit (LCs), Bank Guarantees (BGs), Export Import Collection bill, bill/invoice discounting, and more. These offerings are intended to empower SMEs and corporate clients, enabling them to expand their global presence. [&hellip;]
- [MAN Industries has Received a INR 1,850 Crore Order for Offshore line pipes, Boosting its Outstanding Order Book to Over Rs 4,000 Crores](https://angelnews.in/man-industries-has-received-a-inr-1850-crore-order-for-offshore-line-pipes-boosting-its-outstanding-order-book-to-over-rs-4000-crores/): MAN Industries, a prominent supplier of steel line pipes for the oil, gas, and water sectors in India, has secured a significant contract valued at INR 1,850 crores. This prestigious order involves supplying API 5L Grade line pipes for a major offshore project, marking one of the largest orders in the company&#8217;s history from a top-tier international Oil &amp; Gas entity. The delivery of these line pipes is scheduled over the next 12 to 18 months. In addition to the standard line pipes, MAN Industries will also provide High Value-added SAW-Pipes for this project, which command higher realization and offer robust [&hellip;]
- [EFC Limited has Acquired 51% Stake in Bigbox Ventures Private Limited](https://angelnews.in/efc-limited-has-acquired-51-stake-in-bigbox-ventures-private-limited/): EFC Limited, a wholly owned unlisted subsidiary of the EFC (I) Limited, has purchased a 51% stake in &#8216;Bigbox Ventures Private Limited&#8217;. As a result, Bigbox Ventures Private Limited now operates as a step-down subsidiary of EFC (I) Limited. The cost of acquisition for Bigbox Ventures Private Limited was ₹5,10,04,100, which involved acquiring 10,409 equity shares at a price of ₹4,900 per share. Bigbox Ventures Private Limited operates with an authorized share capital of ₹3,00,000, divided into 30,000 equity shares of ₹10 each, of which ₹2,04,090 is paid-up, distributed among 20,409 equity shares. Bigbox Ventures Private Limited is a dynamic player [&hellip;]
- [Intellect Design Arena Limited has Unveiled the Government Procurement eXchange Platform (iGPX), Developed with eMACH.ai](https://angelnews.in/intellect-design-arena-limited-has-unveiled-the-government-procurement-exchange-platform-igpx-developed-with-emach-ai/): Intellect Design Arena Ltd, a forward-looking FinTech company serving prominent banking and insurance clients globally, has introduced iGPX (Government Procurement eXchange), the first-of-its-kind public procurement platform driven by a clear purpose and ecosystem focus. Developed in collaboration with eMACH.ai, a leading open finance platform, and leveraging &#8216;First Principles&#8217; Thinking and Intellect&#8217;s own Purple Fabric AI platform with embedded GenAI technology, iGPX pledges to deliver improved efficiency, transparency, inclusivity, compliance, and global sustainability. Governments globally spend $13 trillion annually on public contracts, with up to 25% lost due to inefficiencies. iGPX, developed by Intellect with eMACH.ai, integrates advanced AI to optimize procurement. [&hellip;]
- [Inox Wind is set to Attain a Debt-Free Status with a Capital Infusion of Rs 900 Crores from its Promoters](https://angelnews.in/inox-wind-is-set-to-attain-a-debt-free-status-with-a-capital-infusion-of-rs-900-crores-from-its-promoters/): Inox Wind Limited (IWL), a leading provider of wind energy solutions in India, has announced the successful infusion of approximately Rs. 900 crores by its promoter, Inox Wind Energy Limited (IWEL). IWEL raised these funds through the sale of equity shares of IWL via block deals on stock exchanges on May 28, 2024, attracting participation from prominent investors. These funds will enable IWL to fully retire its external term debt, achieving a net debt-free status. Mr. Kailash Tarachandani, CEO of Inox Wind, expressed his satisfaction, stating, &#8220;This milestone marks a significant achievement for us. The infusion of funds will not only [&hellip;]
- [Protean eGov Technologies Launches eSignPro, Aiming to be the Most Comprehensive eSign and eStamping Solution on the Market](https://angelnews.in/protean-egov-technologies-launches-esignpro-aiming-to-be-the-most-comprehensive-esign-and-estamping-solution-on-the-market/): Protean eGov Technologies Limited (BSE: PROTEAN, formerly known as NSDL eGovernance Infrastructure Limited), a pioneering leader in Digital Public Infrastructure (DPI) and Regulatory Technology, has launched a cutting-edge digital signature and stamping product called eSignPro. This product aims to become the most comprehensive offering in the market for eSignatures and eStamping, featuring a complete smart documentation suite. Leveraging Protean&#8217;s established market presence in digital identity and authentication, with over 400 million eSign transactions processed, eSignPro represents the latest advancement in Protean&#8217;s eSign platform. This upgrade enhances their product portfolio and solidifies their leadership position in the market. eSignPro integrates advanced eSign [&hellip;]
- [Commercial Production has Commenced at Manorama Industries Limited's Newly Inaugurated Fractionation Plant](https://angelnews.in/commercial-production-has-commenced-at-manorama-industries-limiteds-newly-inaugurated-fractionation-plant/): Manorama Industries Limited (BSE: 541974; NSE: MANORAMA), a global leader in the production of Cocoa Butter Equivalent (CBE), exotic specialty fats, and butters, has initiated commercial production at its newly commissioned state-of-the-art fractionation plant. This facility boasts a capacity of 25,000 tonnes per annum (TPA), significantly bolstering the company&#8217;s total fractionation input capacity to 40,000 TPA. The expanded fractionation capability enhances Manorama Industries&#8217; global position in the manufacturing of Cocoa Butter Equivalent (CBE), exotic specialty fats, and butters. It is expected to substantially boost the company&#8217;s revenue and profitability in the upcoming years. Mr. Ashish Saraf, President of Manorama Industries, expressed [&hellip;]
- [EaseMyTrip Partners with Uttar Pradesh EcoTourism Development Board to Boost State Tourism](https://angelnews.in/easemytrip-partners-with-uttar-pradesh-ecotourism-development-board-to-boost-state-tourism/): EaseMyTrip.com, India’s leading online travel technology platform, has entered into a Memorandum of Understanding (MoU) with the Uttar Pradesh EcoTourism Development Board (UPETDB), a body under the Government of Uttar Pradesh responsible for promoting and managing tourism activities. The MoU was signed in the presence of Uttar Pradesh’s Minister of Forest and Environment, Zoological Garden, Climate Change, Shri Arun Kumar Saxena, and Minister of Ayush, Food Security, and Drug Administration, Shri Dayashankar Mishra. The objective of this MoU is to establish a strategic partnership aimed at enhancing the promotion and development of tourism in Uttar Pradesh. This collaboration will utilize EaseMyTrip&#8217;s [&hellip;]
- [Blue Cloud Softech Solutions Limited has Won a Project for ESI Primary Healthcare Centres in Assam from the State Government](https://angelnews.in/blue-cloud-softech-solutions-limited-has-won-a-project-for-esi-primary-healthcare-centres-in-assam-from-the-state-government/): Blue Cloud Softech Solutions Ltd (BCS), a forward-thinking provider of AIoT solutions, is expanding into the ‘Affordable Healthcare’ sector. Currently, BCS is executing a strategic pilot project to implement its leading Healthcare AIOT Product, ‘Truhealthz,’ at ESI Primary Healthcare Centres in Assam State. Truhealthz represents a groundbreaking non-invasive Medical Diagnostics solution that optimizes health screening and forecasts chronic disease risks using advanced AI computer vision technology powered by rPPG algorithms. By leveraging these innovations, Blue Cloud facilitates Government Health authorities in reducing diagnostic costs and time, thereby enhancing healthcare affordability for the general public. The Assam State Government has selected BCS&#8217;s [&hellip;]
- [Emudhra's Wholly Owned Subsidiary, Emudhra Inc, USA, has Acquired 100% of TW095 International Inc, USA](https://angelnews.in/emudhras-wholly-owned-subsidiary-emudhra-inc-usa-has-acquired-100-of-tw095-international-inc-usa/): eMudhra Limited (BSE: 543533, NSE: EMUDHRA) today announced its definitive agreement to acquire 100% of TWO95 International Inc (TWO95), based in New Jersey, USA, through its wholly owned subsidiary eMudhra Inc, USA. TWO95 has been operating since 2009, specializing in technology solutions and services for digital transformation across sectors such as Healthcare, Utilities, Financial Services, and Government. Known for expertise in Generative AI, Edge Computing, and Cyber Security, TWO95 reported USD 7.6 million in revenue from these services in 2023. eMudhra, with a 15-year presence in digital trust, security, and transformation, aims to expand into the US market, the world&#8217;s largest [&hellip;]
- [HCG has Formed a Strategic Partnership by Acquiring a Stake in the Mahatma Gandhi Cancer Hospital and Research Institute](https://angelnews.in/hcg-has-formed-a-strategic-partnership-by-acquiring-a-stake-in-the-mahatma-gandhi-cancer-hospital-and-research-institute/): Vizag : HealthCare Global Enterprises Limited (HCG), one of India&#8217;s largest cancer care networks, has announced the acquisition of Mahatma Gandhi Cancer Hospital &amp; Research Institute (MGCHRI) in Vizag, Andhra Pradesh, for an Enterprise Value of INR 4,140 Mn. Initially acquiring a 51% stake in MGCHRI, HCG plans to complete the acquisition of an additional 34% stake over the next 18 months. This strategic move positions HCG as a leader in a highly promising micro-market with a strong primary catchment area and significant secondary catchment from neighboring states. Established in 1986, Mahatma Gandhi Cancer Hospital &amp; Research Institute is renowned as [&hellip;]
- [Nazara Technologies Subsidiary Nodwin Gaming to Increase its Ownership in Freaks 4U Gaming to 100% Through Share Swap](https://angelnews.in/nazara-technologies-subsidiary-nodwin-gaming-to-increase-its-ownership-in-freaks-4u-gaming-to-100-through-share-swap/): NODWIN Gaming Private Limited, a significant subsidiary of Nazara Technologies Limited (BSE: NAZARA), announced today that its Singapore-based subsidiary, NODWIN Gaming International Pte. Ltd. (NODWIN Pte), has entered into definitive agreements to progressively increase its current 13.51% ownership stake in Freaks 4U Gaming GmbH, a Berlin-based global full-service gaming and esports agency, up to 100% through a share swap valued at up to INR 271 crore (Euro 30.3 million). Initially, NODWIN Pte will raise its existing stake in Freaks 4U Gaming to 57%, with the option to acquire the remaining 43% held by founders Michael Haenisch, Matthias Remmert, and Jens Enders [&hellip;]
- [KEC International wins New Orders Worth Rs 10,250,000,000](https://angelnews.in/kec-international-wins-new-orders-worth-rs-10250000000/): KEC International Ltd., a global infrastructure EPC major and a company of the RPG Group, has secured new orders totaling Rs. 1,025 crores in its Transmission &amp; Distribution (T&amp;D) and Cables businesses. In the T&amp;D sector, the company secured significant projects including a 765 kV GIS Substation in India from Power Grid Corporation of India Limited (PGCIL), a 225 kV Composite project covering Transmission lines, Substations, and Underground cabling in West Africa, and contracts for supplying towers, hardware, and poles in the Americas. Additionally, in the Cables business, KEC International has secured orders for supplying various types of cables domestically and [&hellip;]
- [SJVN has Signed a Memorandum of Understanding (MOU) with AM Ammonia (India) Private Limited](https://angelnews.in/sjvn-has-signed-a-memorandum-of-understanding-mou-with-am-ammonia-india-private-limited/): SJVN, through its wholly owned subsidiary SJVN Green Energy Limited (SGEL), signed a Memorandum of Understanding (MoU) with AM Green Ammonia (India) Private Limited in the presence of Sh. Akhileshwar Singh, Director (Finance) of SJVN, in Delhi today. The MoU was executed by Sh. Ajay Singh, CEO of SGEL, Sh. Bhuwan Chandra Tripathi, CEO of AM Green Ammonia, along with Sh. A M Jha, CFO of SGEL, Sh. Jitendra Yadav, GM (F) of SJVN, and other senior officials from SJVN/SGEL and Greenko Group. AM Ammonia (India) Private Limited, a company under Greenko Group, is developing one of the world’s largest Green [&hellip;]
- [Exide Industries Invested Rs. 49,99,99,968  in its Wholly Owned Subsidiary, Exide Energy Solutions Limited](https://angelnews.in/exide-industries-invested-rs-499999968-in-its-wholly-owned-subsidiary-exide-energy-solutions-limited/): Exide Industries Limited has subscribed Rs. 49,99,99,968/- (Rupees Forty-nine crores ninety-nine lakhs ninety-nine thousand nine hundred and sixty-eight only) to increase its equity share capital in its wholly owned subsidiary, Exide Energy Solutions Limited, under rights issue. Following this investment, the Company&#8217;s total investment in EESL amounts to Rs. 2,502.24 crore. This transaction does not alter the Company&#8217;s ownership percentage in EESL. Exide Energy Solutions Limited (EESL), a wholly owned subsidiary of Exide Industries Limited (EIL), was established on March 24, 2022. EESL operates in the sector of manufacturing and selling lithium-ion battery cells, modules, and packs, catering to India&#8217;s electric [&hellip;]
- [Nazara Technologies will Release the 'Made in India' Game FAU-G Domination for Mobile in Collaboration with nCore](https://angelnews.in/nazara-technologies-will-release-the-made-in-india-game-fau-g-domination-for-mobile-in-collaboration-with-ncore/): Nazara Publishing, the publishing division of India&#8217;s sole publicly traded gaming company, Nazara Technologies, has teamed up with nCore Games to publish FAU-G Domination. This latest addition to the FAU-G franchise follows its predecessor, which achieved up to 50 million downloads. Later this year, players can pre-register for FAU-G: Domination on Google Play and the App Store. Developed by Dot9 Games, a studio under nCore Games, FAU-G: Domination incorporates contemporary military themes featuring Indian characters, each with compelling backgrounds. The game offers a variety of maps set in diverse environments that showcase India&#8217;s cultural heritage while delivering cutting-edge gameplay. Nitish Mittersain, [&hellip;]
- [Vishnu Prakash R Punglia Limited has been Awarded a Contract Worth Rs. 273.1 Crore by U.P. Jal Nigam (Urban), Prayagraj](https://angelnews.in/vishnu-prakash-r-punglia-limited-has-been-awarded-a-contract-worth-rs-27-31-crore-by-u-p-jal-nigam-urban-prayagraj/): Vishnu Prakash R Punglia Limited announced the receipt of a Letter of Acceptance from the Office of Superintending Engineer U.P. Jal Nigam (Urban), Naini Prayagraj. The project is titled &#8220;Surveying, soil investigation, engineering, design and supply of all materials, labour, T&amp;P etc. complete, required for completion of following works of Water supply scheme for Naini Extended Area (Surface Water) in Nagar Nigam, Prayagraj.&#8221; Following the tender submission, Vishnu Prakash R Punglia Limited has been selected as the contractor for this significant project. The tender, which has been evaluated and accepted by the competent authority, holds a total value of Rs 273.1 [&hellip;]
- [Vancity, Canada's Largest Community Credit Union, has Opted to Implement Intellect's eMACH.ai Platform for Comprehensive Digital Transformation](https://angelnews.in/vancity-canadas-largest-community-credit-union-has-opted-to-implement-intellects-emach-ai-platform-for-comprehensive-digital-transformation/): Toronto : Intellect Design Arena Ltd, a cloud-native, forward-looking Financial Technology company serving the world’s leading banks, credit unions, and insurance firms, announces a groundbreaking partnership with Vancity, Canada&#8217;s largest community credit union. This seven-year agreement will see Vancity leveraging Intellect’s Digital Engagement Platform (DEP) for Retail &amp; SME digital experiences, alongside Contextual Banking Experience (CBX) for Commercial digital operations. With more than 570,000 members and $35.5 billion in assets under administration, Vancity aims to redefine the digital landscape for Retail, SME, and Commercial members through this collaboration. The transformation will encompass engagement across Onboarding, Account Services (Current &amp; Savings Accounts), [&hellip;]
- [JSW Steel USA Plans to Allocate $110 Million for Enhancing Manufacturing Operations in Baytown, Texas](https://angelnews.in/jsw-steel-usa-plans-to-allocate-110-million-for-enhancing-manufacturing-operations-in-baytown-texas/): Washington D.C, Baytown, Texas : JSW Steel USA, Inc., a subsidiary of JSW Steel Ltd., India’s foremost steel company and a flagship business of the $24 billion JSW Group, employs over 800 individuals across the United States. The company intends to invest $110 million in modernizing its steel plate mill operations at its Baytown, Texas manufacturing facilities. These investments will incorporate sustainable technology and state-of-the-art equipment. The upgraded facilities will focus on producing high-quality monopile steel plates, aimed to support the U.S. Administration&#8217;s initiative to expand offshore wind energy. By 2030, this initiative targets deploying 30 gigawatts (GW) of offshore wind [&hellip;]
- [MapmyIndia has Expanded its Enterprise Offerings in Partnership with ClarityX, an AI-Driven Data Analytics and Consulting Firm](https://angelnews.in/mapmyindia-has-expanded-its-enterprise-offerings-in-partnership-with-clarityx-an-ai-driven-data-analytics-and-consulting-firm/): Today, Rakesh Verma and Rashmi Verma, founders of MapmyIndia, announced the launch of ClarityX (www.clarityx.ai), a company focused on delivering cutting-edge, customized AI-driven data analytics and consulting services to enterprise clients. ClarityX&#8217;s capabilities will expand MapmyIndia’s enterprise offerings and market reach. By harnessing AI to analyze multi-dimensional static and real-time data, ClarityX empowers enterprises to make strategic decisions quickly and drive digital transformation. Leveraging MapmyIndia&#8217;s deep-tech expertise in digital mapping, geospatial software, and location-based IoT products, ClarityX aims to help enterprises across various industries identify new markets, optimize resources, and mitigate risks and fraud. At events in New Delhi&#8217;s Bharat Mandapam [&hellip;]
- [Route Mobile Limited has Enabled Ticketing via WhatsApp for Metro Services in Nagpur, Pune, Hyderabad, and Delhi](https://angelnews.in/route-mobile-limited-has-enabled-ticketing-via-whatsapp-for-metro-services-in-nagpur-pune-hyderabad-and-delhi/): Route Mobile Limited (Route Mobile) has collaborated with Billeasy E Solutions Private Limited (Billeasy) to introduce WhatsApp-based ticket booking services for metros in Pune, Hyderabad, Nagpur, and Delhi. These metros collectively serve over 75 lakh commuters daily. Users can access this service by interacting with the official WhatsApp account of their respective metro, selecting stations, completing payments, and receiving tickets directly via WhatsApp. Payment can also be made seamlessly within the WhatsApp interface. Route Mobile has pioneered this service for four out of the 15 cities in India with active Metro services, establishing itself as a leader in this field. The [&hellip;]
- [Xerox has Entered into an Agreement with TCS to Modernize its IT Infrastructure through Cloud and GenAI Technologies](https://angelnews.in/xerox-has-entered-into-an-agreement-with-tcs-to-modernize-its-it-infrastructure-through-cloud-and-genai-technologies/): Tata Consultancy Services (TCS), a prominent player in IT services, consulting, and business solutions, has expanded its strategic collaboration with Xerox through a significant transformation initiative aimed at accelerating the evolution of Xerox into a streamlined, service-oriented, software-driven organization. Under this comprehensive agreement, TCS will centralize Xerox’s technology services to enhance business outcomes, transition complex legacy data centers to the Azure public cloud, implement a cloud-based Digital ERP platform to revolutionize business processes, and integrate generative artificial intelligence (GenAI) to foster sustainable growth. TCS will establish a new agile, cloud-first operational model for Xerox, harnessing its robust service offerings such as [&hellip;]
- [Triveni Engineering and Industries has Purchased an Additional 36.34% Stake in Sir Shadi Lal Enterprises Limited](https://angelnews.in/triveni-engineering-and-industries-has-purchased-an-additional-36-34-stake-in-sir-shadi-lal-enterprises-limited/): Noida : Triveni Engineering &amp; Industries , a major integrated sugar producer, a leading provider in engineered-to-order high-speed gears &amp; gearboxes, and water and wastewater management solutions, has announced the acquisition of an additional 36.34% stake in Sir Shadi Lal Enterprises Limited (SSEL). This acquisition was carried out through a Share Purchase Agreement signed with Mr. Rajat Lal, Mr. Rahul Lal, and Ms. Poonam Lal (the Second Promoter Group) on June 20, 2024. The transaction was completed for a total consideration of ₹44.83 crore, equating to ₹235 per equity share of SSEL. Following this acquisition, Triveni&#8217;s ownership in SSEL now stands [&hellip;]
- [Tata Communications has Secured a Five-Year, USD 250 Million Sustainability-Linked Loan from ANZ, DBS Bank, and Export Development Canada (EDC)](https://angelnews.in/tata-communications-has-secured-a-five-year-usd-250-million-sustainability-linked-loan-from-anz-dbs-bank-and-export-development-canada-edc/): Tata Communications has secured a five-year USD250 million sustainability-linked loan (SLL) from ANZ, DBS Bank, and Export Development Canada (EDC). ANZ served as the Lead Sustainability Coordinator, with DBS Bank and EDC acting as Joint Sustainability Coordinators. This transaction marks Tata Communications&#8217; inaugural SLL under its new framework. The framework, a pioneering initiative in India&#8217;s sector, aims to tie the company&#8217;s financing to critical objectives such as reducing carbon emissions (non-financial covenants) that are fundamental to its long-term sustainability strategy. The loan&#8217;s interest rate margin will be adjusted based on Tata Communications&#8217; progress towards its carbon emission reduction targets. This approach [&hellip;]
- [Tata Communications has Unveiled its Unified/Single-Vendor Hosted Secure Access Service Edge (SASE) for Enterprises Worldwide](https://angelnews.in/tata-communications-has-unveiled-its-unified-single-vendor-hosted-secure-access-service-edge-sase-for-enterprises-worldwide/): Today, Tata Communications has announced the introduction of its Unified/Single-Vendor Hosted Secure Access Service Edge (SASE) for global enterprises. Developed in collaboration with Versa Networks, a leader in AI-powered Unified SASE, Tata Communications&#8217; Hosted SASE integrates software-defined wide area networks (SD-WAN) and secure service edge (SSE) capabilities into a single, advanced technology. Key highlights : This unified solution represents a pioneering global implementation. It leverages the company&#8217;s extensive global network to deliver carrier-grade performance and enhance user experience. It offers unified visibility and control of network traffic, supported by context-driven insights. This enables businesses to effectively leverage cloud-based environments with exceptional [&hellip;]
- [Veefin Solutions Limited has Acquired 51.31% Stake in Estorifi Solutions Private Limited](https://angelnews.in/veefin-solutions-limited-has-acquired-51-31-stake-in-estorifi-solutions-private-limited/): On June 14, 2024, Veefin Solutions Limited acquired a 51.31% stake in Estorifi Solutions Private Limited, a group company. This stake comprises 10,526 equity shares priced at Rs. 58 each (inclusive of a Rs. 48 premium) in Estorifi Solutions Private Limited. Following this acquisition, Estorifi Solutions Private Limited (ESPL) now qualifies as a subsidiary company of Veefin Solutions Limited, as ESPL is considered a related party of the company. This acquisition serves as a catalyst for expanding business horizons both domestically and internationally. The scope of operations will span the development, provision, marketing, and distribution of computer software solutions across various [&hellip;]
- [Havells to Invest Rs 50-60 Crore to Expand the Existing Manufacturing Capacities of Air Conditioners at Ghiloth and Sricity locations](https://angelnews.in/havells-to-invest-rs-50-60-crore-to-expand-the-existing-manufacturing-capacities-of-air-conditioners-at-ghiloth-and-sricity-locations/): Today, Lloyd, a prominent consumer durables brand under Havells India, unveiled its strategy to boost the manufacturing capabilities of air conditioners at its Ghiloth and Sricity facilities. The plan aims to increase production to 15 lakh units annually at each location, up from the current 9 lakh and 11.2 lakh units respectively, to meet rising demand. The proposed investment for this expansion is estimated to be between INR 50 to 60 crores, financed through internal funds, with a targeted completion by the fourth quarter of the fiscal year 2025. Alok Tickoo, Executive Vice President of Lloyd, expressed, &#8220;As demand for our [&hellip;]
- [Titagarh Rail Systems Limited has Initiated the Production of Trainsets for the Yellow Line of the Bengaluru Metro](https://angelnews.in/titagarh-rail-systems-limited-has-initiated-the-production-of-trainsets-for-the-yellow-line-of-the-bengaluru-metro/): Bengaluru : Titagarh Rail Systems Limited (TRSL), a prominent Indian manufacturer of rolling stock, has initiated trainset production as part of a contract with China Railway Rolling Stock Corporation (CRRC) for the Phase 2 Yellow Line project of the Bangalore Metro Rail Corporation Limited (BMRCL). This signifies a significant achievement in Titagarh’s ongoing support of India&#8217;s urban transportation infrastructure. The contract between BMRCL and CRRC Nanjing Puzhen Co Ltd, signed in December 2019, faced challenges resulting in delays in meeting the original deadlines. To address the delay in rolling stock supply, CRRC sought additional time and subsequently entered into a Memorandum [&hellip;]
- [Tata Elxsi and Red Hat have Teamed up to Speed up Network Monetization for Telecommunications Providers](https://angelnews.in/tata-elxsi-and-red-hat-have-teamed-up-to-speed-up-network-monetization-for-telecommunications-providers/): Bengaluru : Today, Tata Elxsi, a worldwide provider of engineering and design services, revealed its partnership with Red Hat, the premier provider of enterprise open-source solutions. Together, they aim to monetize applications and streamline operations in 5G networks for both Telcos and enterprises, thereby reducing operational costs. The collaboration aims to establish a use case factory to assist global operators in monetizing their networks by employing industry-specific 5G applications across various sectors such as transportation, manufacturing, and healthcare. These applications and joint solutions have been validated for specific verticals. For example, as the automotive industry increasingly shifts towards software-defined vehicles (SDV), [&hellip;]
- [Adani Group To Acquire Penna Cement for an Enterprise Value of Rs. 10,422 Crore, Acquisition Adds 14 MTPA Capacity](https://angelnews.in/adani-group-to-acquire-penna-cement-for-an-enterprise-value-of-rs-10422-crore-acquisition-adds-14-mtpa-capacity/): Ambuja Cement, a key player in the cement and building materials sector and part of the diversified Adani Group, has officially announced the finalization of a binding agreement to acquire Penna Cement Industries Ltd (PCIL). Key highlights : Ambuja Cement has finalized a binding agreement to acquire a 100% stake in PCIL, marking a significant move towards achieving its target capacity of 140 MTPA by 2028. PCIL currently operates with a capacity of 14 MTPA across Andhra Pradesh, Telangana, and Rajasthan (with construction ongoing). Utilizing surplus clinker from the Jodhpur plant, an additional 3 MTPA cement grinding capacity will be supported. [&hellip;]
- [Wipro Unveils On-Premise GenAI Solution in Partnership with Hewlett Packard Enterprise](https://angelnews.in/wipro-unveils-on-premise-genai-solution-in-partnership-with-hewlett-packard-enterprise/): EAST BRUNSWICK, N.J. : Wipro, a prominent technology services and consulting company listed on NYSE (WIT), BSE (507685), and NSE (WIPRO), has announced a strategic partnership with Hewlett Packard Enterprise (HPE). Together, they are launching a GenAI solution within the newly established Customer Experience Center (CEC) at Wipro Cloud Studio&#8217;s Kodathi office, catering to global customers. This solution will harness Wipro&#8217;s Smart Operations platform and HPE Machine Learning Development Environment to enhance operational efficiency and customer satisfaction. Through field testing, the solution aims to reduce the Mean Time to Resolution (MTTR) for GenAI applications by approximately 50%, decrease incident inflow by [&hellip;]
- [MosChip Technologies has been Approved for the DLI Scheme to Develop a Smart Energy Meter IC for India and Overseas Markets](https://angelnews.in/moschip-technologies-has-been-approved-for-the-dli-scheme-to-develop-a-smart-energy-meter-ic-for-india-and-overseas-markets/): MosChip Technologies Limited, a prominent Indian company headquartered in Hyderabad, specializing in Semiconductor, Software, and System design solutions, and employing over 1300 engineers across Silicon Valley-USA, Hyderabad, Bengaluru, Ahmedabad, and Pune, is announced the approval of its application by the Ministry of Electronics and Information Technology, Government of India (MeitY) under the Government of India&#8217;s Semiconductor Design Linked Incentive (DLI) scheme. This approval is for the development of a smart energy meter IC catering to both the Indian and Overseas markets. The Ministry of Electronics and Information Technology introduced the Design Linked Incentive (DLI) Scheme to address challenges faced by the [&hellip;]
- [CAMSRep (CAMS Insurance Repository Services) Launches Bima Central, India’s First Insurance Portfolio Management Platform](https://angelnews.in/camsrep-cams-insurance-repository-services-launches-bima-central-indias-first-insurance-portfolio-management-platform/): CAMS Insurance Repository Services (CAMSRep), a leading provider of insurance repository services, has launched Bima Central, a groundbreaking platform designed to simplify insurance portfolio management. Key highlights : The inaugural policyholder servicing platform in the industry empowers customers to consolidate and oversee their insurance holdings via an electronic Insurance Account (eIA). With a current user base of 7 million eIA holders, CAMSRep enables immediate access to Bima Central for a range of services. Integrations with top insurers are swiftly advancing. Recognizing the challenges faced by policyholders who acquire policies from various sources, Bima Central empowers users by streamlining and consolidating policy [&hellip;]
- [Tata Power Strengthens its Nationwide E-Bus Charging Network Through 850+ Bus Charging Points Across India](https://angelnews.in/tata-power-strengthens-its-nationwide-e-bus-charging-network-through-850-bus-charging-points-across-india/): Tata Power Renewable Energy Limited (TPREL), a subsidiary of the Company and one of India&#8217;s leading integrated renewable energy companies and electric vehicle charging service providers, continues to drive the nation&#8217;s transition towards e-mobility. TPREL has deployed over 850 charging points strategically positioned in key metropolitan areas. Key highlights : Over 2,300 electric buses are currently being powered through a network of over 850 bus charging points spanning across Delhi, Mumbai, Bengaluru, Ahmedabad, Goa, Jammu, and Srinagar. This initiative aims to accelerate the adoption of e-mobility in public transportation. By collaborating with original equipment manufacturers (OEMs), e-mobility is being facilitated across [&hellip;]
- [Tata Communications has Announced a Five-Year Agreement to Provide Hosting and Broadcasting Services for World Athletics](https://angelnews.in/tata-communications-has-announced-a-five-year-agreement-to-provide-hosting-and-broadcasting-services-for-world-athletics/): Today, Tata Communications announced a significant five-year global agreement to provide host broadcasting services for the World Athletics Series of events. Starting from 2025, Tata Communications will play a pivotal role as a strategic supplier for World Athletics, aiming to enhance innovation and increase audience engagement. This partnership commences in a pivotal year for the sport, as 2025 features major events including the World Athletics Indoor Championships in Nanjing in March, the World Athletics Relays in Guangzhou in May, and the World Athletics Road Running Championships in San Diego in September, alongside the flagship World Athletics Championships in Tokyo. The World [&hellip;]
- [RITES and Andal Diesel Shed have Entered into a Memorandum of Understanding (MoU) for Locomotive Maintenance](https://angelnews.in/rites-and-andal-diesel-shed-have-entered-into-a-memorandum-of-understanding-mou-for-locomotive-maintenance/): Gurugram : RITES Ltd., a leading transport infrastructure consultancy, has forged a Memorandum of Understanding (MoU) with the Andal Diesel Shed of Eastern Railway&#8217;s Asansol Division in West Bengal. This agreement establishes a collaborative framework for conducting significant scheduled repairs and maintenance on Diesel-Electric Locomotives owned by RITES and other clients at the Andal Diesel Shed facility. The partnership is geared towards optimizing the repair and maintenance procedures for diesel locomotives. Within this collaboration, RITES will focus on securing or identifying business prospects for more extensive scheduled repairs, while the Andal Diesel Shed will be responsible for executing the maintenance tasks. [&hellip;]
- [The Collaboration Between the Defender Rally Series and Tata Elxsi is Set to Continue Into the 2024 Season](https://angelnews.in/the-collaboration-between-the-defender-rally-series-and-tata-elxsi-is-set-to-continue-into-the-2024-season/): Bengaluru : For the third consecutive season, the Defender Rally Series and Tata Elxsi are extending their partnership, further solidifying a bond established during the inaugural championship in 2022. The 2024 Defender Rally Series is poised to be the most expansive yet, encompassing both the UK Championship and the European Baja Championship, following the successes of the 2022 and 2023 seasons. This season features seven demanding events across the UK and the Republic of Ireland, with each round accommodating up to 16 competitors. Notably, several teams from the 2023 UK Championship have progressed to the European Baja Championship, which comprises four [&hellip;]
- [Olympus and HCLTech are Extending their Partnership in Engineering and R&D](https://angelnews.in/olympus-and-hcltech-are-extending-their-partnership-in-engineering-and-rd/): TOKYO : HCLTech, a prominent global technology company, and Olympus Corporation (Olympus), a worldwide MedTech company, have extended their strategic partnership to facilitate advanced and cost-effective healthcare solutions for patients through cutting-edge engineering technologies. Utilizing its global leadership in Engineering and R&amp;D services, along with artificial intelligence (AI)-based solutions, HCLTech will expedite and amplify Olympus&#8217; global product development initiatives. HCLTech will establish a dedicated product innovation center in Hyderabad, India, catering to Olympus&#8217; operations across the US, Europe, Middle East, and Africa. Expected to commence operations by July 2024, this center aims to bolster Olympus&#8217; business expansion endeavors and propel advancements [&hellip;]
- [Dollar Industries Limited has Appointed Superstar Mr. Mahesh Babu as their Brand Ambassador for the South Indian Market](https://angelnews.in/dollar-industries-limited-has-appointed-superstar-mr-mahesh-babu-as-their-brand-ambassador-for-the-south-indian-market/): Hyderabad : Dollar Industries Limited, a renowned name in India&#8217;s lifestyle outerwear and innerwear sector, has unveiled its vision for the South Indian markets. In a significant move, Dollar Industries has appointed superstar Mr. Mahesh Babu as their Brand Ambassador for South India. Key highlights : Enlists Superstar Mahesh Babu as Brand Ambassador Achieves Record Revenue in 2023-24 Plans to Establish 50 Exclusive Brand Outlets Across South India by 2027 Targets 50% Sales Growth in South India for 2024-25 The company, which commenced its journey in 1972 under the leadership of the visionary Mr. Din Dayal Gupta as Bhawani Textiles, currently [&hellip;]
- [Wipro Unveils Lab45 AI Platform Aimed at Enhancing Efficiencies and Revolutionizing Business Operations](https://angelnews.in/wipro-unveils-lab45-ai-platform-aimed-at-enhancing-efficiencies-and-revolutionizing-business-operations/): EAST BRUNSWICK, N.J. : Wipro has unveiled its Lab45 AI Platform, leveraging GenAI, ML, and deep learning to boost efficiencies and cater to industry-specific needs. The platform, available to both employees and clients, operates on a SaaS model and supports various advanced language and visual processing capabilities. With over 1,000 GenAI agents and pre-built applications, it facilitates seamless integration and customization for HR, sales, marketing, and operations functions. &#8220;Our Lab45 AI Platform demonstrates Wipro&#8217;s commitment to innovation and productivity,&#8221; stated Subha Tatavarti, Wipro Limited&#8217;s Chief Technology Officer. She highlighted its transformative impact across HR, sales, marketing, and other functions, emphasizing rapid [&hellip;]
- [Fedbank Financial Services to Act as Corporate Agent (Composite) with Insurance Regulatory and Development Authority of India](https://angelnews.in/fedbank-financial-services-to-act-as-corporate-agent-composite-with-insurance-regulatory-and-development-authority-of-india/): The Insurance Regulatory and Development Authority of India (&#8220;IRDAI&#8221;) has issued a Corporate Agent (Composite) license to the Company on June 10, 2024. This license allows the Company to engage in soliciting life, general, and health insurance products as a Corporate Agent, in accordance with the Insurance Regulatory and Development Authority of India (Registration of Corporate Agents) Regulations, 2015. With this approval, the Company gains the authority to actively promote and sell a wide range of insurance products, including life, general, and health insurance, directly to its customers. This designation as a Corporate Agent underscores the Company&#8217;s capability to serve as [&hellip;]
- [TVS Supply Chain Solutions Secures a 5-Year Strategic Agreement with Daimler Truck AG](https://angelnews.in/tvs-supply-chain-solutions-secures-a-5-year-strategic-agreement-with-daimler-truck-ag/): Chennai : TVS Supply Chain Solutions Limited (NSE: TVSSCS, BOM: 543965), a renowned global provider of supply chain solutions and one of India&#8217;s largest and fastest-growing integrated providers, has unveiled a significant 5-year contract with Daimler Truck South East Asia Pte Ltd, a subsidiary of Daimler Truck AG, for Integrated Supply Chain Solutions (ISCS) services in Singapore. This agreement cements TVS SCS&#8217;s position as a key logistics partner for Daimler Truck AG, the world&#8217;s leading commercial vehicle manufacturer, underscoring the company&#8217;s dedication to delivering outstanding logistics services between Germany and the Asia-Pacific region. Daimler Truck South East Asia conducted a rigorous [&hellip;]
- [TCS Inaugurates a New IoT Engineering Lab in Ohio, Aiming to Expedite Innovation for its Clients](https://angelnews.in/tcs-inaugurates-a-new-iot-engineering-lab-in-ohio-aiming-to-expedite-innovation-for-its-clients/): CINCINNATI, OHIO : Tata Consultancy Services (TCS), a prominent global player in IT services, consulting, and business solutions, has unveiled the Bringing Life to ThingsTM Lab in Cincinnati, Ohio. This state-of-the-art facility is specifically crafted to facilitate rapid prototyping, experimentation, and large-scale implementation of AI, GenAI, and IoT engineering solutions. With this initiative, TCS aims to empower its clients in swiftly and efficiently bringing innovative solutions to fruition. Covering an expansive area of 3,000 square feet, the lab will spearhead the deployment of TCS&#8217; comprehensive range of IoT solutions, including TCS Clever EnergyTM, TCS Digital Manufacturing PlatformTM (DMP), and TCS DigifleetTM, [&hellip;]
- [Persistent Systems Announced a Long-Term Strategic Partnership Agreement with Google Cloud](https://angelnews.in/persistent-systems-announced-a-long-term-strategic-partnership-agreement-with-google-cloud/): Santa Clara, CA : Persistent Systems, a global leader in Digital Engineering and Enterprise Modernization, has recently unveiled a Strategic Partnership Agreement with Google Cloud. This collaboration spans key markets in the US, India, UK, and Australia and is geared towards accelerating digital transformation initiatives worldwide. Through harnessing Google Cloud’s Gemini models and other cutting-edge technologies, Persistent aims to develop bespoke solutions tailored to various industries, driving widespread adoption of GenAI. The agreement prioritizes joint go-to-market efforts aimed at optimizing returns on cloud investments and modernizing infrastructure and data frameworks. Persistent will leverage its extensive domain expertise across sectors such as [&hellip;]
- [Tata Technologies Speeds up Mitsubishi Electric India's Journey of Digital Transformation by Implementing SAP S4/Hana](https://angelnews.in/tata-technologies-speeds-up-mitsubishi-electric-indias-journey-of-digital-transformation-by-implementing-sap-s4-hana/): Tata Technologies has successfully implemented SAP S/4 HANA for Mitsubishi Electric India Pvt. Ltd., marking a significant milestone in their digital transformation journey. This collaboration has significantly enhanced operational efficiency and set new industry standards. By leveraging Tata Technologies&#8217; expertise in manufacturing domains, Mitsubishi Electric India streamlined its business processes and achieved a remarkable 15% increase in operational efficiency. The project involved migrating from SAP ECC to S/4 HANA cloud services, integrating all business functions and implementing digital signatures. With Tata Technologies&#8217; global presence and diverse expertise, the implementation was completed within an 11-month timeline, reducing the original schedule by 25%. [&hellip;]
- [Suzlon Receives a 103.95 MW Contract From AMPIN Energy Transition](https://angelnews.in/suzlon-receives-a-103-95-mw-contract-from-ampin-energy-transition/): Suzlon Group, India&#8217;s leading provider of renewable energy solutions, has announced a significant achievement with the securing of a new order. The contract entails the development of a 103.95 MW wind power project for AMPIN Energy Transition Private Limited. Suzlon will be responsible for installing 33 wind turbine generators (WTGs) featuring a Hybrid Lattice Tubular (HLT) tower design, each with a rated capacity of 3.15 MW, at the client’s site in the Fatehgarh district of Rajasthan. This particular order involves Suzlon&#8217;s larger rated 3.15 MW turbines, specifically the S144‐140m models from the 3 MW product series. Under the agreement, Suzlon will [&hellip;]
- [Mphasis Javelina Selects HPE GreenLake Cloud with HPE Alletra Storage, to Accelerate IT Transformation for its Healthcare Clients](https://angelnews.in/mphasis-javelina-selects-hpe-greenlake-cloud-with-hpe-alletra-storage-to-accelerate-it-transformation-for-its-healthcare-clients/): New York : Mphasis, a provider of Information Technology (IT) solutions specializing in cloud and cognitive services, has recently announced its adoption of HPE GreenLake cloud alongside HPE Alletra Storage. This move is aimed at accelerating IT transformation for its healthcare clients, focusing on strengthening security measures to enhance healthcare operations and ensuring high performance, reliability, and scalability. The technology provided by HPE Alletra enables enterprises to run various workloads without compromise, offering a cloud operational experience whether at the edge or in the cloud. Mphasis utilizes HPE technologies to host its Javelina platform, which houses provider and member data. The [&hellip;]
- [SIAM Cement BigBloc Construction Launches India Operations, Inaugurates First AAC Wall Plant at Kheda in Gujarat](https://angelnews.in/siam-cement-bigbloc-construction-launches-india-operations-inaugurates-first-aac-wall-plant-at-kheda-in-gujarat/): SIAM Cement BigBloc Construction Technologies Pvt Ltd, a collaboration between BigBloc Construction Ltd, based in Gujarat, and SCG International Corporation Co., Ltd., of Thailand, has commenced its operations in India by launching commercial production at its inaugural plant in Kheda, Gujarat. Key highlights : The Kheda plant in Ahmedabad marks SCG Group&#8217;s inaugural venture into the Indian market. It pioneers India&#8217;s first AAC Wall Plant, introducing large-format AAC Wall products ranging from 8 to 12 feet. The Kheda Plant&#8217;s capacity can potentially expand to 5 lakhs CBM per annum in the second phase, subject to approval from the joint venture parties. [&hellip;]
- [Knowledge Marine & Engineering Works Ltd has Received a Letter of Award (LOA) from the V.O. Chidambaranar Port](https://angelnews.in/knowledge-marine-engineering-works-ltd-has-received-a-letter-of-award-loa-from-the-v-o-chidambaranar-port/): Knowledge Marine &amp; Engineering Works Ltd. (KMEW) (BSE: 543273) has been awarded a Letter of Award (LOA) by the V.O. Chidambaranar Port Authority for the &#8220;Supply, Manning, Operation, and Maintenance of one high-speed patrol boat (HSPB) with a speed of 20 knots or more on a hire basis for a five-year period.&#8221; The contract is valued at Rs. 5,86,05,141/- (Rupees Five Crore Eighty Six Lakhs Five Thousand One Hundred and Forty One Only). This marks KMEW&#8217;s inaugural contract in the southern region of India with V.O. Chidambaranar Port. This expansion into new markets underscores the company&#8217;s capability to penetrate diverse sectors. [&hellip;]
- [AXISCADES Initiates Delivery of Advanced Counter-Drone Systems Under a Landmark ₹100 Crore Order From the Indian Army](https://angelnews.in/axiscades-initiates-delivery-of-advanced-counter-drone-systems-under-a-landmark-%e2%82%b9100-crore-order-from-the-indian-army/): AXISCADES Technologies Ltd, a prominent technology and engineering solutions provider, has announced the initiation of the delivery process for a significant quantity of Man Portable Counter Drone Systems (MPCDS) to the Indian Army. This contract represents a significant milestone for AXISCADES as it commences the delivery of these pioneering systems, the first of their kind to be incorporated into the Indian Defence Forces. Developed by AXISCADES, the Man Portable Counter Drone System (MPCDS) emerges as a transformative asset in India&#8217;s defense capabilities. Distinguished by its unique design and entirely indigenous production, the MPCDS is compact, portable, and adaptable for both battery [&hellip;]
- [KEC International Secures New Contracts Worth Rs 1,061 Crores](https://angelnews.in/kec-international-secures-new-contracts-worth-rs-1061-crores/): KEC International Ltd., a leading global infrastructure EPC firm and a part of the RPG Group, has clinched new contracts totaling Rs. 1,061 crores across its diverse operations: Transmission &amp; Distribution (T&amp;D): The company has secured T&amp;D project contracts spanning India, East Asia Pacific, and the Americas: A significant order for transmission lines and substations from a respected private developer in India. Additional contract for a transmission line project in Malaysia. Procurement of towers, hardware, and poles for projects in the Americas. Railways: In the railway sector, KEC International has won contracts in both technologically advanced and conventional segments within India: [&hellip;]
- [G E Shipping has Entered into a Contract to Purchase a Medium Range Product Tanker](https://angelnews.in/g-e-shipping-has-entered-into-a-contract-to-purchase-a-medium-range-product-tanker-2/): The Great Eastern Shipping Company Limited (G E Shipping) has agreed to purchase a Medium Range product tanker weighing around 49,990 deadweight tons on June 6, 2024. This vessel, built in 2013, is anticipated to become part of the company&#8217;s fleet by the second quarter of the financial year 2024-2025. Currently, the company&#8217;s fleet comprises 43 vessels, including 29 tankers (6 crude carriers, 19 product tankers, 4 LPG carriers) and 14 dry bulk carriers, totaling 3.41 million deadweight tons. The company&#8217;s fleet is nearly fully utilized, with a utilization rate close to 100%. The acquisition of the new ship will be [&hellip;]
- [TCS Introduces WisdomNext, the First-of-its-Kind GenAI Aggregation Platform in the Industry](https://angelnews.in/tcs-introduces-wisdomnext-the-first-of-its-kind-genai-aggregation-platform-in-the-industry/): Tata Consultancy Services (TCS), a renowned global leader in IT services, consulting, and business solutions, has unveiled TCS AI WisdomNextTM. This groundbreaking platform consolidates various Generative Artificial Intelligence (GenAI) services into a unified interface, empowering organizations to swiftly embrace next-generation technologies at scale, while also reducing costs and adhering to regulatory frameworks. With its pioneering features, this platform eliminates obstacles for customers in developing and launching business solutions, facilitating real-time experimentation across vendor, internal, and open-source LLM models. AI and GenAI offer extensive applications throughout businesses&#8217; value chains. However, solution designers worldwide often face challenges in selecting, experimenting, and deciding on [&hellip;]
- [TCS and IIT-Bombay to Develop India's First Quantum Diamond Microchip Imager](https://angelnews.in/tcs-and-iit-bombay-to-develop-indias-first-quantum-diamond-microchip-imager/): Tata Consultancy Services (TCS), a global frontrunner in IT services, consulting, and business solutions (BSE: 532540, NSE: TCS), has formed a strategic collaboration with the Indian Institute of Technology, Bombay (IIT-Bombay), to pioneer India&#8217;s inaugural Quantum Diamond Microchip Imager. Key highlights : The Quantum Diamond Microchip Imager, a cutting-edge sensing device for semiconductor chip imaging, promises to minimize chip failures and enhance the efficiency of electronic devices. The joint effort between TCS and IIT-Bombay to create a quantum imaging platform for the non-destructive inspection of chips marks a pioneering initiative in India. This project is in line with the Government of [&hellip;]
- [Mastek Teams Up with NVIDIA AI Enterprise to Elevate Customer Experience in Manufacturing, Healthcare, and BFSI Sectors](https://angelnews.in/mastek-teams-up-with-nvidia-ai-enterprise-to-elevate-customer-experience-in-manufacturing-healthcare-and-bfsi-sectors/): New York, US : Mastek (NSE: MASTEK; BSE: 523704) has announced today that it is enhancing its icxPro platform through NVIDIA accelerated computing. As a reliable partner in digital engineering and cloud transformation, Mastek is pushing the boundaries of customer experience (CX) solutions driven by artificial intelligence (AI). Demonstrating a 20% return on capital employed (ROCE) in the Manufacturing sector, icxPro holds immense potential in the BFSI and Healthcare sectors. This launch signifies a significant step forward in Mastek’s strategy for non-linear growth. icxPro by Mastek, a cloud-native platform crafted for building scalable AI applications, aims to streamline the development of [&hellip;]
- [KP Green Engineering Limited Wins Orders Amounting to ₹351.35 Crores](https://angelnews.in/kp-green-engineering-limited-wins-orders-amounting-to-%e2%82%b9351-35-crores/): KP Green Engineering Limited has announced the confirmation of new orders from multiple clients amounting to ₹351.35 crores. These orders include ₹212.38 crores for solar projects involving fixed tilt module mounting structures and the supply of tracker-type module mounting structures and parts. The company also secured ₹79.51 crores for transmission line towers, covering 220 kV to 400 kV tower material and 33 kV and 66 kV substation equipment structures, hardware, cable trays, GI strip material, and GI structures for isolators. Additionally, ₹2.49 crores were allocated for 220 kV, 66 kV, and 33 kV isolators. The projects segment received ₹52.54 crores for [&hellip;]
- [Mamaearth and Swiggy Instamart Unite to #GoGreen This World Environment Day](https://angelnews.in/mamaearth-and-swiggy-instamart-unite-to-gogreen-this-world-environment-day/): Mamaearth, renowned for its toxin-free and natural personal care products in India, is excited to announce its collaboration with Swiggy Instamart for a special sampling initiative in Delhi NCR on the occasion of World Environment Day. As part of this endeavor, Mamaearth will include complimentary seed samples with nearly 30,000 orders delivered through Swiggy Instamart on World Environment Day. This joint venture goes beyond a mere campaign. It underscores the shared commitment of both brands to environmental responsibility and sustainability. Recognizing the significance of small yet impactful actions, the brand aims to inspire the new generation of consumers to embark on [&hellip;]
- [Titagarh Rail Systems Inaugurates New Engineering Centre in Bangalore Dedicated to New Product Development](https://angelnews.in/titagarh-rail-systems-inaugurates-new-engineering-centre-in-bangalore-dedicated-to-new-product-development/): The prominent Indian rolling stock manufacturer has inaugurated a new engineering center in Bangalore, advancing its innovation and design journey. This state-of-the-art facility will focus on developing new products for Train Control &amp; Monitoring Systems (TCMS) and advanced Propulsion Systems, set to revolutionize rail transportation in the country. The engineering center will also be pivotal in executing TRSL’s current and upcoming rolling stock and propulsion projects, such as the Surat &amp; Ahmedabad Metro, Vande Bharat, and ICF EMU/MEMU. This demonstrates the company’s strong commitment to the ‘Make-in-India’ and ‘Aatmanirbhar Bharat’ initiatives towards a Viksit Bharat. Equipped with cutting-edge technology and infrastructure, [&hellip;]
- [Absolute Sports, a Nazara Subsidiary, Acquires the Assets of SoapCentral.Com, a Leading US Entertainment Content Website](https://angelnews.in/absolute-sports-a-nazara-subsidiary-acquires-the-assets-of-soapcentral-com-a-leading-us-entertainment-content-website/): Absolute Sports, a subsidiary of Nazara Technologies and the parent company of Sportskeeda.com and ProFootballNetwork.com, announced today that it has signed an asset purchase agreement to acquire all assets of SoapCentral.com, a leading US entertainment content website. The acquisition, valued at $1.4 million (~ INR 11.6 crores), is expected to be completed within the next 30 days, pending closing conditions. In CY23, SoapCentral.com generated revenues of $621K (~ INR 5.2 crores). Absolute Sports will fund the transaction using its cash reserves. Absolute Sports, which engages over 100 million fans monthly, aims to become a leading sports and entertainment publisher in the [&hellip;]
- [MosChip Technologies Limited Secures Rs 509.37 Crore Contract from the Centre for Development of Advanced Computing (CDAC)](https://angelnews.in/moschip-technologies-limited-secures-rs-509-37-crore-contract-from-the-centre-for-development-of-advanced-computing-cdac/): MosChip Technologies Limited, a prominent Indian company based in Hyderabad, specializes in semiconductor, software, and system design solutions. With over 1,300 engineers located in Silicon Valley (USA), Hyderabad, Bengaluru, Ahmedabad, and Pune, the company announced that it has secured a Rs 509.37 crore contract from the Centre for Development of Advanced Computing (CDAC). The contract involves the design, development, and delivery of an HPC SoC based on 5nm technology. This project aims to position India at the forefront of semiconductor innovation, significantly enhancing the country&#8217;s capabilities in advanced high-performance computing and microelectronics. Duration of the contract is 3 years (4 years [&hellip;]
- [PVR INOX Marks its debut in Machilipatnam with the Launch of a 3-screen Multiplex in the City](https://angelnews.in/pvr-inox-marks-its-debut-in-machilipatnam-with-the-launch-of-a-3-screen-multiplex-in-the-city/): Machilipatnam, Andhra Pradesh : PVR INOX, renowned as India&#8217;s largest and most upscale cinema exhibitor, has introduced its inaugural multiplex at Varam Central Mall in Machilipatnam, Andhra Pradesh. Accommodating up to 872 guests, this marks PVR INOX Limited’s debut in Andhra Pradesh post-merger. The new multiplex introduces state-of-the-art 3D Freedo light technology to enhance the movie-watching experience, accompanied by plush recliner chairs for optimal comfort. Equipped with cutting-edge Dolby ATMOS Audio and 2K projectors, patrons are assured of top-notch auditory experiences. Noteworthy is the inclusion of Next Gen 3D screens for an immersive cinema experience. Mr. Ajay Bijli, Managing Director of [&hellip;]
- [Suzlon has Secured a New order for 81.9 MW for its 3 MW Series From Oyster Green Hybrid One Private Limited](https://angelnews.in/suzlon-has-secured-a-new-order-for-81-9-mw-for-its-3-mw-series-from-oyster-green-hybrid-one-private-limited/): Suzlon Group, India&#8217;s largest renewable energy solutions provider, announced a new order for the development of an 81.9 MW wind energy project for Oyster Green Hybrid One Private Limited. Suzlon will install 26 Wind Turbine Generators (WTGs) with Hybrid Lattice Tubular (HLT) towers, each with a rated capacity of 3.15 MW, at the client&#8217;s site in Agar, Madhya Pradesh. Key highlights : Suzlon will supply 26 wind turbines, each with a rated capacity of 3.15 MW. The project will be located in Agar, Madhya Pradesh, with a total installed capacity of 81.9 MW. Electricity generated from the project will be supplied [&hellip;]
- [DroneAcharya FY 2023-24 Results : 90% Increase in Revenue, 81.35% Increase in PAT](https://angelnews.in/droneacharya-fy-2023-24-results-90-increase-in-revenue-81-35-increase-in-pat/): DroneAcharya Aerial Innovations Limited, India’s first drone startup listed on the BSE SME, has concluded the financial year 2023-2024 with an impressive 90% year-on-year revenue growth. DroneAcharya currently stands as India&#8217;s leading and pioneering DGCA-certified drone pilot training provider in the private sector.  Additionally, the company has secured multiple international drone service projects and established valuable industrial connections with drone manufacturers, invested in drone-centric companies, and acquired value-adding firms both in India and globally. The company recorded a 90% revenue growth, reaching INR 35.20 crores in the financial year 2023-24, up from INR 18.57 crores in the financial year 2022-23. Their [&hellip;]
- [PVR Inox Unveils the Biggest Multiplex in Udaipur With a Seating Capacity of 1009 People](https://angelnews.in/pvr-inox-unveils-the-biggest-multiplex-in-udaipur-with-a-seating-capacity-of-1009-people/): UDAIPUR : PVR INOX Limited, India&#8217;s largest and most premium cinema exhibitor, announced the opening of its luxury cinema at Urban Square Mall in Udaipur, Rajasthan. This six-screen multiplex, the largest in the city, offers a seating capacity of 1009 seats. It features the first INSIGNIA cinema format in Udaipur, marking it as the city&#8217;s premier luxury cinema destination. This launch enhances PVR INOX Limited’s presence in Udaipur with a total of 14 screens across 3 cinemas and in Rajasthan with 82 screens in 21 cinemas. Overall, the company now boasts 373 screens across 80 properties in West India. Strategically located [&hellip;]
- [MosChip Technologies Q4 2014 Results : Total Income Increases 40.7% YOY To 76 Crore Rupees](https://angelnews.in/moschip-technologies-q4-2014-results-total-income-increases-40-7-yoy-to-76-crore-rupees/): During its meeting on May 6, 2024, the Board of Directors of MosChip Technologies reviewed and approved, among other matters, the Audited Standalone and Consolidated Financial Results of the Company for the quarter (Q4) and year ending on March 31, 2024. Statement of consolidated financial results of MosChip Technologies for the quarter ended March 31, 2024 MosChip Technologies Consolidated YOY Financial performance (FY24 vs FY23 ) : Revenue from operations rose from Rs.198.35 Crores to Rs.293.91 Crores, marking a 48% increase. EBITDA climbed from Rs.29.36 crores to Rs.36.21 crores, representing a 23% increase (see Note 1). Profit Before Tax (PBT) surged [&hellip;]
- [CDSL Q4 2024 Results : Net Profit Is At 129.4 Crore Rupees, Board Recommended Total Dividend of ₹ 22 Per Equity Share](https://angelnews.in/cdsl-q4-2024-results-net-profit-is-at-129-4-crore-rupees-board-recommended-total-dividend-of-%e2%82%b9-22-per-equity-share/): During its meeting on May 4, 2024, the Board of Directors of CDSL reviewed and approved, among other matters, the Audited Standalone and Consolidated Financial Results of the Company for the quarter (Q4) and year ending on March 31, 2024. Statement of consolidated financial results of cdsl for the quarter ended March 31, 2024 Business Performance Highlights: CDSL achieved a significant milestone by becoming the first depository to register over 11.56 crore demat accounts in March 2024. In the fiscal year 2023-24, CDSL witnessed the opening of more than 3.26 crore new demat accounts, with an unprecedented 1.09 crore accounts registered [&hellip;]
- [VA TECH WABAG Introduces BLUE SEED to Support Water Sector Startups](https://angelnews.in/va-tech-wabag-introduces-blue-seed-to-support-water-sector-startups/): VA TECH WABAG LIMITED, a prominent player in water treatment technologies worldwide, unveiled &#8220;BLUE SEED,&#8221; an innovative program aimed at nurturing innovation and assisting budding startups in the water industry. The launch event, graced by Mr. Gopal Srinivasan from TVS Group and Chairman &amp; MD of TVS Capital Funds Limited, witnessed the presence of Mr. Rajiv Mittal, Chairman and Managing Director of VA TECH WABAG. BLUE SEED aims to serve as a beacon of innovation within the water sector. Through this initiative, VA Tech WABAG is committed to investing in, nurturing, and empowering promising startups that offer innovative water technology solutions, [&hellip;]
- [SBI Collaborates with HCL Software to Enhance Digital Customer Engagement](https://angelnews.in/sbi-collaborates-with-hcl-software-to-enhance-digital-customer-engagement/): HCLSoftware, the software division of HCLTech, has announced today its selection by the State Bank of India (SBI) for their MarTech solution as part of SBI&#8217;s digital transformation initiative. Under the five-year agreement, HCLSoftware will implement the HCL Unica platform to facilitate SBI&#8217;s digital overhaul of its customer interaction framework. This transformation aims to deliver hyper-personalized communication across SBI&#8217;s diverse digital marketing channels while ensuring compliance with the Digital Personal Data Protection Act (DPDPA) and other rigorous security standards. Utilizing its advanced Customer Data Platform, AI capabilities, and comprehensive campaign management tools, HCL Unica will harness real-time data to significantly enhance [&hellip;]
- [RBI has Ordered Kotak Mahindra Bank to Halt new Customer Onboarding via Online and Mobile Banking, as Well as Issuing Fresh Credit Cards](https://angelnews.in/rbi-has-ordered-kotak-mahindra-bank-to-halt-new-customer-onboarding-via-online-and-mobile-banking-as-well-as-issuing-fresh-credit-cards/): Today, the Reserve Bank of India, utilizing its authority under Section 35A of the Banking Regulation Act, 1949, has instructed Kotak Mahindra Bank Limited to immediately halt (i) the enrollment of new customers through its online and mobile banking platforms and (ii) the issuance of fresh credit cards. Nevertheless, the bank will continue catering to its existing clientele, including those with credit cards. These measures stem from significant concerns arising from the Reserve Bank&#8217;s IT examinations of the bank for the years 2022 and 2023 and the bank&#8217;s persistent failure to comprehensively and promptly address these concerns. Grave deficiencies and non-compliances [&hellip;]
- [GPTINFRA Secures a Contract Worth 487 Crore Rupees From Central Railway, Mumbai](https://angelnews.in/gptinfra-secures-a-contract-worth-487-crore-from-central-railway-mumbai/): The contract was awarded by Central Railway, Mumbai, for the construction of a new broad gauge line from chainage 52500 to 83200 in the Solapur-Osmanabad section of the Solapur Division. The contract is valued at 487 Crore rupees. There is no interest from the promoter/promoter group/group companies, and it does not qualify as a related party transaction. The significant terms and conditions of the order include that it is a joint venture with GPT holding a 26% share. GPT Infraprojects Limited&#8217;s current outstanding order book stands at around 3,309 Crore, with a total order inflow of 127 Crore for Fiscal Year [&hellip;]
- [Tata Elxsi Q4 2024 Results : Revenue From Operations at Rupees 905.9 Cr, Recommended a Final Dividend of Rs 70 Per Share](https://angelnews.in/tata-elxsi-q4-2024-results-revenue-from-operations-at-rupees-905-9-cr-recommended-a-final-dividend-of-rs-70-per-share/): Bangalore :Tata Elxsi (BSE: 500408 | NSE: TATAELXSI), a global leader in design-led technology services, disclosed its fourth-quarter results for the period concluding on March 31, 2024. Tata Elxsi Results Highlights for the Year Ended March 31, 2024: Revenues from operations reached Rs. 3,552.1 Cr, marking a 13.0% YoY increase. EBITDA Margin stood at 29.5%, with a PBT margin of 28.5%. Profit before Tax (PBT) saw an 11.9% growth to Rs. 1048.7 Cr. Software Development and Services (SDS) experienced a 9.3% YoY growth in constant currency. System Integration &amp; Support (SIS) achieved an 18.6% YoY growth in constant currency. Tata Elxsi [&hellip;]
- [Puravankara Limited has Been Selected as the Preferred Developer for the Pali Hill Redevelopment Project](https://angelnews.in/puravankara-limited-has-been-selected-as-the-preferred-developer-for-the-pali-hill-redevelopment-project/): Puravankara Limited has been unanimously chosen as the preferred developer for the redevelopment of a residential housing society in Pali Hill, Mumbai. Pali Hill, located in Bandra West, is a prestigious address with property rates ranging from Rs 1 Lakh to Rs 1.20 lakh per sq ft. The project has an estimated development potential of 4.10 lakh sq ft carpet area, with over ~2.15 lakh sq ft available for sale, and a potential Gross Development Value (GDV) exceeding Rs 2,000 crore. Situated strategically, the residential society spans slightly over two and a half acres, making it one of the largest in [&hellip;]
- [Mastek Secures Deal with Yanbu Cement Company for IoT-Driven Production Optimization With Oracle](https://angelnews.in/mastek-secures-deal-with-yanbu-cement-company-for-iot-driven-production-optimization-with-oracle/): Jeddah, Saudi Arabia : Mastek (NSE: MASTEK; BSE: 523704), a renowned partner in digital engineering and cloud transformation, has announced its successful bid for a multi-tower deal with Yanbu Cement Company (YCC) to enhance the efficiency of YCC’s production line. YCC, a trailblazer in the Kingdom of Saudi Arabia’s (KSA) cement industry, embarked on a digital and cloud transformation journey with Mastek in 2022, aligning with Saudi Arabia’s Vision 2030 and Smart Industry 4.0 initiatives. Following the completion of several back-office and Enterprise Resource Planning (ERP) transformation projects in the initial phase, Mastek is now commencing the second phase, which focuses [&hellip;]
- [Tata Power Solar Systems Limited Teams Up with Indian Bank to Boost Affordable Solar Rooftop Usage](https://angelnews.in/tata-power-solar-systems-limited-teams-up-with-indian-bank-to-boost-affordable-solar-rooftop-usage/): India : Tata Power Solar Systems Limited (TPSSL), a prominent solar firm in India and a fully-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), has announced a strategic alliance with Indian Bank, a leading public sector bank in India, to enhance the uptake of solar rooftop installations among residential consumers. This collaboration aims to facilitate financing solutions under the widely embraced Pradhan Mantri Surya Ghar Muft Bijli Yojana scheme, catering to installations up to 3 KW, and also to provide support for installations ranging from 3 to 10 KW under the regular scheme. Under the PM Surya Ghar Muft Bijli [&hellip;]
- [Jordan Kuwait Bank Adopts a Fully Integrated Corporate Banking platform, Powered by iGTB Intellect and Driven by eMACH.ai](https://angelnews.in/jordan-kuwait-bank-adopts-a-fully-integrated-corporate-banking-platform-powered-by-igtb-intellect-and-driven-by-emach-ai/): London (UK), April 22, 2024: Intellect Global Transaction Banking (iGTB), the transaction banking expert under Intellect Design Arena Limited, has revealed the successful deployment of Jordan Kuwait Bank&#8217;s (JKB) Digital Transaction Banking (DTB) platform, powered by eMACH.ai architecture. This implementation offers a fully integrated, mobile-centric, cutting-edge, omni-channel experience, supporting JKB&#8217;s growth objectives in line with Jordan Vision 2025 in the Arab region. Key highlights of this digital transformation encompass: The platform boasts built-in functionalities for digital cash management, trade finance, and payments, leveraging the eMACH.ai architecture. Complemented by the acclaimed omni-channel Digital Customer Experience suite (CBX) and extensive mobile banking services. [&hellip;]
- [Persistent Systems Q4 2024 Results : Revenue at 2,621 Crores, Recommended a Final Dividend of ₹10 Per Share](https://angelnews.in/persistent-systems-q4-2024-results-revenue-at-2621-crores-recommended-a-final-dividend-of-%e2%82%b910-per-share/): Persistent Systems (BSE &amp; NSE: PERSISTENT) has released its audited financial results for the quarter and year ending March 31, 2024, which were approved by the Board of Directors today, April 21, 2024. The Board of Directors has proposed a final dividend of ₹10 per share for the financial year 2023-24, based on a face value of ₹5 per share. This recommendation is contingent upon the approval of the members at the upcoming Annual General Meeting. Additionally, in January 2024, the Board had announced an interim dividend of ₹32 per share, calculated on a face value of ₹10 per share. Consolidated [&hellip;]
- [Hero MotoCorp has Opened an Assembly Facility in Nepal in Collaboration With its Partner, CG Motors](https://angelnews.in/hero-motocorp-has-opened-an-assembly-facility-in-nepal-in-collaboration-with-its-partner-cg-motors/): Kathmandu | New Delhi : Hero MotoCorp, the biggest maker of motorcycles and scooters in the world, has opened a new place in Nepal where they&#8217;ll put together their bikes. They&#8217;re working with their partner, CG Motors, to do this. They plan to make lots of bikes there and also create new jobs. They&#8217;ve introduced four of their popular bikes and scooters: Xpulse 200 4V, Super Splendor, Splendor+, and Xoom 110. These will be put together at a new facility in CG Industrial Park in Nawalparasi. The new place can make up to 75,000 bikes each year. CG Motors will also [&hellip;]
- [Nazara will Invest INR 982 Crore in Moonshine Technology, Which Owns India’s Top Poker Platform, ‘PokerBaazi’](https://angelnews.in/nazara-will-invest-inr-982-crore-in-moonshine-technology-which-owns-indias-top-poker-platform-pokerbaazi/): Nazara Technologies Limited has announced it will acquire a 47.7% stake in Moonshine Technology Private Limited (&#8220;Moonshine&#8221;), the parent company of PokerBaazi, for INR 832 crore through a secondary transaction. Additionally, Nazara will invest INR 150 crore in primary capital via compulsory convertible preference shares. PokerBaazi, India’s largest online poker platform, generates over 85% of Moonshine’s net revenue, with its fantasy sports platform, SportsBaazi, contributing 12%. As of May 2024, PokerBaazi boasts approximately 340,000 monthly active users. The platform&#8217;s success is driven by its innovative leadership team, including Founder &amp; CEO Navkiran Singh and Co-Founders Puneet Singh, Varun Ganjoo, Avneet Rana, [&hellip;]
- [Aurum PropTech is Realigning K2V2 Technologies to Focus More on Core Technology and Consolidate its Distribution Business](https://angelnews.in/aurum-proptech-is-realigning-k2v2-technologies-to-focus-more-on-core-technology-and-consolidate-its-distribution-business/): K2V2, a prominent PropTech company, delivers enterprise technology through its flagship product, Sell.do, which serves over 650 developers. Sell.do combines Gen AI and CRM to enhance efficiency in marketing, sales, commerce, service, and customer success, improving interactions between brands and customers by streamlining property searches, visit scheduling, rent payments, and service requests. Aurum PropTech’s strategic realignment of K2V2 aims to consolidate its distribution business and sharpen its focus on core technology. This realignment provides several benefits: it improves profitability by focusing on more scalable tech offerings, enhances cash flow with a more efficient working capital cycle, and increases talent efficiency with [&hellip;]
- [Intellect's New Platform, eMACH.ai, is Set to Transform Sri Lanka's Financial Sector with its Innovative, Composable Open Finance Technology](https://angelnews.in/intellects-new-platform-emach-ai-is-set-to-transform-sri-lankas-financial-sector-with-its-innovative-composable-open-finance-technology/): Intellect Design Arena Ltd, a global leader in enterprise-grade financial technology, has launched eMACH.ai for the Sri Lankan market. This platform, featuring 329 microservices, 535 events, and over 1,757 APIs, allows local financial institutions to develop cutting-edge solutions and gain a competitive edge. As Sri Lanka undergoes digital transformation, eMACH.ai supports the rise of digital payments, AI-driven banking, and cloud-based infrastructure, enhancing financial inclusion and operational efficiency while attracting foreign investment. eMACH.ai simplifies technology for Sri Lankan banks, enabling them to create transformative, future-ready solutions. Its composable architecture helps banks meet evolving customer needs and stay resilient in a rapidly changing [&hellip;]
- [BLS International to Acquire 100% Stake in Citizenship Invest for ₹260 Crores](https://angelnews.in/bls-international-to-acquire-100-stake-in-citizenship-invest-for-%e2%82%b9260-crores/): BLS International Services Limited (“BLS”) has announced a definitive agreement to acquire a 100% stake in Citizenship Invest (CI), a Dubai-based advisory firm specializing in expedited investor programs for obtaining residence and citizenship in over 15 countries. The acquisition, valued at US$ 31.0 million (~Rs 260 Crores), will be financed through internal resources and is expected to close by October 31, 2024, pending necessary approvals. Founded in 2009, Citizenship Invest has become a significant player in the citizenship and residency application market, offering services through 20 programs. The firm has successfully assisted over 1,800 clients from more than 85 nationalities, boasting [&hellip;]
- [Tata Power Renewable Energy and Tata Motors have Agreed to Set up 200 Fast-Charging Stations for Electric Commercial Vehicles](https://angelnews.in/tata-power-renewable-energy-and-tata-motors-have-agreed-to-set-up-200-fast-charging-stations-for-electric-commercial-vehicles/): Tata Power EV Charging Solutions Limited, a major provider of EV charging solutions in India and a subsidiary of Tata Power Renewable Energy Limited, has announced a Memorandum of Understanding (MoU) with Tata Motors Limited, India’s leading commercial vehicle manufacturer. The agreement will see the establishment of 200 fast-charging stations for electric commercial vehicles in major metropolitan areas including Mumbai, Delhi, Chennai, Bengaluru, and Kolkata. This initiative builds on their existing partnership to promote sustainable mobility by offering convenient charging solutions for small electric commercial vehicles. The collaboration will also feature exclusive charging tariffs for Tata Motors’ electric CV owners, which [&hellip;]
- [Jain Irrigation and SKUAST-Kashmir Collaborate to Deliver Smart Agricultural Solutions to Farmers in Jammu & Kashmir](https://angelnews.in/jain-irrigation-and-skuast-kashmir-collaborate-to-deliver-smart-agricultural-solutions-to-farmers-in-jammu-kashmir/): In a major advancement for agriculture in Jammu and Kashmir, Jain Irrigation Systems Ltd. and Sher-e-Kashmir University of Agricultural Sciences and Technology (SKUAST-Kashmir) have signed a Memorandum of Understanding (MoU) to deliver innovative, technology-driven solutions to local farmers. The MoU was formalized by SKUAST-Kashmir Vice Chancellor Professor Nazeer Ahmad Ganai and Mr. Ajit Jain, Joint MD of Jain Irrigation Systems Limited, at Jain Hills, Jalgaon. This collaboration aims to introduce cutting-edge irrigation methods and sustainable farming practices tailored to the region’s specific needs. Key focuses will include improving water management, developing high-quality planting material, boosting crop yields, and advancing climate-smart technologies [&hellip;]
- [Mappls MapmyIndia Teams Up with Zoomcar to Transform Road Trips and Travel Through AI-Driven Integration](https://angelnews.in/mappls-mapmyindia-teams-up-with-zoomcar-to-transform-road-trips-and-travel-through-ai-driven-integration/): Mappls MapmyIndia, a leader in deep-tech digital mapping, geospatial software, and location-based IoT solutions, is excited to announce its partnership with Zoomcar, the top marketplace for self-drive car rentals. This innovative collaboration allows users to effortlessly book Zoomcar rentals and plan their journeys using the Mappls App, greatly improving the travel planning and booking process. With Zoomcar’s extensive fleet of over 25,000 vehicles spread across 99+ cities now integrated into the Mappls app, users can easily find and book a car that fits their needs. Whether looking for budget-friendly options or luxurious rides, travelers have access to a diverse range of [&hellip;]
- [TAC Security Reaches 1000 Clients; Aiming to Reach 3,000 by March 2025 and 10,000 by March 2026](https://angelnews.in/tac-security-reaches-1000-clients-aiming-to-reach-3000-by-march-2025-and-10000-by-march-2026/): TAC InfoSec Limited, also known as TAC Security, has reached 1,000 global clients, marking a key milestone. In August alone, the company added 240 clients from 44 countries. Aiming to become the largest vulnerability management firm worldwide, TAC Security targets 3,000 clients by March 2025 and 10,000 by March 2026. This achievement underscores the company&#8217;s rapid growth and dedication to enhancing global cybersecurity. TAC Security has added major brands like Winzip, CloudHQ, KONICA MINOLTA, and others to its client base, reaching a milestone of 1,000 clients. Founder and CEO Trishneet Arora expressed excitement about this achievement and reaffirmed the company&#8217;s commitment [&hellip;]
- [EaseMyTrip Unveils India’s First Marketplace, ScanMyTrip.com, Integrated with ONDC Network](https://angelnews.in/easemytrip-unveils-indias-first-marketplace-scanmytrip-com-integrated-with-ondc-network/): EaseMyTrip.com, a leading online travel tech platform in India, has launched ScanMyTrip.com, the country&#8217;s first travel marketplace. It is also the first online travel agency (OTA) to both sell and purchase travel services through the ONDC Network. ScanMyTrip.com is designed to allow OTAs, MSMEs, travel agents, and homestays to list their services ,flights, hotels, and homestays on the ONDC Network, expanding their reach in the digital marketplace. By integrating with the ONDC Network, EaseMyTrip enables businesses in the travel and tourism sector to utilize ONDC’s digital infrastructure. This integration helps even the smallest service providers connect with a broad customer base. [&hellip;]
- [Cressanda Railway Solutions Wins Key Contracts for Train Wrap Advertising With Maharashtra Tourism and the Bureau of Indian Standards](https://angelnews.in/cressanda-railway-solutions-wins-key-contracts-for-train-wrap-advertising-with-maharashtra-tourism-and-the-bureau-of-indian-standards/): Cressanda Railway Solutions Limited has recently been awarded significant contracts by two esteemed clients: the Directorate of Tourism, Maharashtra, and the Bureau of Indian Standards. These agreements involve applying external wraps to 16 express trains for the Directorate and one express train for the Bureau. The chosen trains are premium, long-distance services designed for high-end travelers. By leveraging transit media for promotion, these government bodies are making a strategic decision to achieve wide-reaching and impactful advertising. This effort is intended to effectively promote new campaigns and boost public awareness.
- [Adani Ports & SEZ is set to Develop a Multipurpose Berth at Kandla Port in Gujarat](https://angelnews.in/adani-ports-sez-is-set-to-develop-a-multipurpose-berth-at-kandla-port-in-gujarat/): Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port developer and operator, has entered into a concession agreement with the Deendayal Port Authority (DPA) to develop Berth No. 13 at Deendayal Port in Kandla, Gujarat. To manage this project, APSEZ has established a wholly owned subsidiary, DPA Container and Clean Cargo Terminal Limited (DPACCCTL). In July 2024, APSEZ received a Letter of Intent (LOI) for the development, operation, and maintenance of the berth under a 30-year concession. The berth will be developed using the DBFOT (Design, Build, Finance, Operate, and Transfer) model and will handle multipurpose clean cargo, including [&hellip;]
- [Nazara Technologies Discloses Investment in STAN, a Leading Gaming Community Platform in India](https://angelnews.in/nazara-technologies-discloses-investment-in-stan-a-leading-gaming-community-platform-in-india/): Nazara Technologies Limited has announced, through its subsidiary Nazara Dubai FZ, the acquisition of a 15.86% stake in GetStan Technologies Pte. Ltd (&#8220;STAN&#8221;), a leading esports community platform in India. The investment of approximately INR 18.4 Cr (US$2.2 million) will be made in an all-cash secondary transaction. STAN, founded by Parth Chadha, Nauman Mulla, and Rahul Singh, has grown rapidly, boasting over 12 million users and a strong monetization strategy with 500,000 paying users. The platform is noted for its mobile-first approach and high engagement, with its app frequently ranking among the top 51 on the Google Play Store. Nitish Mittersain, [&hellip;]
- [Gravita India Signs a Memorandum Of Understanding to Purchase a Rubber Recycling Plant in Europe](https://angelnews.in/gravita-india-signs-a-memorandum-of-understanding-to-purchase-a-rubber-recycling-plant-in-europe/): Gravita India Limited , a leading global recycling firm with 12 state-of-the-art, eco-friendly manufacturing facilities in Asia and Africa and a capacity exceeding 300,000 MTPA across various scrap recycling sectors, announced that its step-down subsidiary, Gravita Netherlands BV (&#8220;GNBV&#8221;), has signed a Memorandum of Understanding (MOU) to acquire a waste tyre recycling plant in Romania. This facility, which currently operates with a capacity of approximately 17,000 MTPA, will mark Gravita’s first recycling plant in Europe. The acquisition will involve creating a separate Special Purpose Vehicle (SPV) in Romania, with GNBV holding 80% equity and management control, while the remaining equity will [&hellip;]
- [Aurionpro has Obtained an Order Worth INR 200 Crores from the Municipal Corporation of Panvel in Maharashtra](https://angelnews.in/aurionpro-has-obtained-an-order-worth-inr-200-crores-from-the-municipal-corporation-of-panvel-in-maharashtra/): Aurionpro  announces a major order from the Municipal Corporation of Panvel in Maharashtra, India. As the Technology Partner for the Panvel Safe City initiative, Aurionpro will play a key role in modernizing the city&#8217;s safety and security infrastructure. This ambitious project includes the deployment of advanced surveillance and smart city technologies, such as Data Centers, a high-tech Control Command Center, and Video Analytics for real-time monitoring and rapid response. The project will also integrate state-of-the-art AI-driven technologies, including Facial Recognition systems, an IP-based Public Announcement system, Automatic Number Plate Recognition (ANPR), and an e-Challan mechanism. These features will create a robust [&hellip;]
- [Gensol Engineering and Matrix Gas & Renewables have been Awarded the Project to Create India’s first Green Hydrogen Valley in Pune](https://angelnews.in/gensol-engineering-and-matrix-gas-renewables-have-been-awarded-the-project-to-create-indias-first-green-hydrogen-valley-in-pune/): Gensol Engineering Limited has partnered with Matrix Gas &amp; Renewables Ltd., a rapidly expanding green hydrogen infrastructure developer and natural gas aggregator. Together, they have secured the project to establish India’s inaugural Green Hydrogen Valley in Pune. Gensol and Matrix will develop a Green Hydrogen production facility on a Build-Own-Operate (BOO) model, with a commitment to supply Green Hydrogen to the Specialty Chemical sector under a firm 20-year offtake agreement. Anmol Jaggi, Managing Director of Gensol Engineering Ltd., celebrated the launch of India’s first Green Hydrogen Valley, providing 24/7 Green Hydrogen to Pune’s specialty chemical sector. Chirag Kotecha, Whole-time Director at [&hellip;]
- [Ramco Systems Unveils Aviation Software 6.0, Designed for More Efficient Aircraft Management](https://angelnews.in/ramco-systems-unveils-aviation-software-6-0-designed-for-more-efficient-aircraft-management/): Ramco Systems has announced the launch of Aviation Software 6.0, a groundbreaking update designed to revolutionize Maintenance and Engineering (M&amp;E) and Maintenance, Repair, and Overhaul (MRO) operations through AI-powered insights, advanced automation, and seamless integration. This comprehensive solution includes modules for Contracts, Engineering, Planning, Maintenance, Supply Chain Management, Finance, ePUBS, and enhanced mobility features. Ramco Aviation Software 6.0 is engineered to tackle future challenges and introduces numerous unmatched capabilities that will enable organizations to digitally transform their maintenance processes, flight safety management, and handling of materials and commercial aspects. Key features and modules include: The new release boasts several standout features [&hellip;]
- [IFSCA has Granted Provisional Registration to IREDA Global Green Energy Finance IFSC Limited as a Finance Company at GIFT City](https://angelnews.in/ifsca-has-granted-provisional-registration-to-ireda-global-green-energy-finance-ifsc-limited-as-a-finance-company-at-gift-city/): The IFSCA has granted provisional registration to IREDA Global Green Energy Finance IFSC Limited, a wholly owned IREDA subsidiary, as a finance company at GIFT City. This announcement was made in the presence of key officials including Shri Pralhad Joshi, the Union Minister for New and Renewable Energy, who emphasized the role of GIFT City in India’s goal of becoming a developed nation by 2047. Shri Pradip Kumar Das, CMD of IREDA, celebrated the new subsidiary at GIFT City as a major step for global green financing. He noted that it will help attract funding and foster international partnerships, aligning with [&hellip;]
- [Servotech to Power Karnataka’s Green Mobility Initiative with Order to Install 11 Public EV Charging Stations for BESCOM](https://angelnews.in/servotech-to-power-karnatakas-green-mobility-initiative-with-order-to-install-11-public-ev-charging-stations-for-bescom/): Servotech Power Systems Ltd., India’s leading EV charger manufacturer, has won a major contract from Bangalore Electricity Supply Company Limited (BESCOM) to set up 11 DC fast EV charging stations. This contract entails installing public EV charging stations at 11 Regional Transport Office (RTO) locations across Karnataka. The initiative aims to significantly improve the state&#8217;s EV charging infrastructure, offering greater convenience for electric vehicle owners throughout the region. Servotech will oversee the entire project, from initial planning and design to final installation. This includes creating a detailed plan for each RTO site, ensuring optimal placement and capacity of the charging stations. [&hellip;]
- [Archies Limited is Expanding into Quick Commerce, Aims to Expand In Middle East, UK, Canada, and Southeast Asia](https://angelnews.in/archies-limited-is-expanding-into-quick-commerce-aims-to-expand-in-middle-east-uk-canada-and-southeast-asia/): Archies, a long-standing name in the social expression industry, is embarking on a new journey by entering the quick commerce sector. Traditionally known for its greeting cards and gift wraps, Archies achieved ₹6 crore in sales last year through platforms like Blinkit, Zepto, and Swiggy Instamart. The brand aims to reach ₹15-18 crore in FY 2025, reflecting a remarkable 150%-200% growth. As it adapts to a technology-driven market, Archies is also exploring partnerships with BigBasket and Flipkart’s 10-minute delivery service to meet the rapid demands of modern consumers while maintaining its sentimental appeal. Looking ahead, Archies is targeting global expansion into [&hellip;]
- [ITI Limited Secures an Order Valued at Rs. 300 Crore for Solar Street Light Systems in Bihar](https://angelnews.in/iti-limited-secures-an-order-valued-at-rs-300-crore-for-solar-street-light-systems-in-bihar/): ITI Limited, the country&#8217;s first PSU established after independence and a leading telecom manufacturing company, has secured an order valued at approximately Rs. 300 crore from the Bihar Renewable Energy Development Authority (BREDA). This order is for the supply and installation of 100,000 solar street light systems for the Bihar State Government. This new order is in addition to the 80,000 solar street light systems the company is currently deploying in Bihar for BREDA. The company’s Naini Plant, which has been producing solar panels for the past six years, will fulfill this new order under the “Mukhyamantri Gramin Solar Street Light [&hellip;]
- [TCS Enters Strategic Agreement to Digitally Transform Services for Mansfield Building Society in the UK](https://angelnews.in/tcs-enters-strategic-agreement-to-digitally-transform-services-for-mansfield-building-society-in-the-uk/): Tata Consultancy Services has entered into a strategic partnership with Mansfield Building Society in the UK to drive its digital transformation. TCS will implement its advanced digital banking solution, TCS BaNCSTM for Core Banking, alongside its Digital Home Lending Solution. This initiative aims to enhance member and intermediary experiences and support Mansfield Building Society’s ambitious growth objectives. With over 200 years of history, UK building societies have been community-focused financial institutions, serving more than 26 million individuals with savings and mortgage products. Established in 1870, Mansfield Building Society is committed to a member-centric approach. The TCS BaNCSTM for Core Banking solution [&hellip;]
- [Infosys and Proximus Group Enhance Strategic Partnership](https://angelnews.in/infosys-and-proximus-group-enhance-strategic-partnership/): Infosys, a global leader in next-generation digital services and consulting, and Proximus Group, Belgium’s premier provider of digital services and communication solutions, have announced a new strategic collaboration aimed at unlocking fresh business opportunities. This partnership will focus on a joint go-to-market strategy that leverages Proximus’ international affiliates&#8217; top-tier products, including Route Mobile&#8217;s Communications Platform as a Service (CPaaS) and Telesign’s Digital Identity (DI) solutions. When combined with Infosys’ digital services, this collaboration will drive innovation in omnichannel customer engagement and AI-powered digital assistants. Additionally, it will bolster digital security by offering advanced DI and fraud protection solutions, ensuring secure and [&hellip;]
- [AGS Transact Technologies Implemented and Commenced IndianOil’s 'XtraPower' Prepaid Card Platform for INR 58 Crore Over Five Years](https://angelnews.in/ags-transact-technologies-implemented-and-commenced-indianoils-xtrapower-prepaid-card-platform-for-inr-58-crore-over-five-years/): AGS Transact Technologies has launched and will manage the Prepaid Card Platform for Indian Oil Corporation&#8217;s &#8216;XtraPower&#8217; fuel and fleet management program. The contract is valued at around INR 58 crore over five years. IndianOil&#8217;s ‘XtraPower’ is used at over 35,000 IOCL fuel outlets and handles transactions exceeding INR 70,000 crore annually. AGS Transact Technologies will develop and manage the end-to-end prepaid card platform, including IT infrastructure, application support, backend operations, cybersecurity enhancements (SOC and SIEM), and card issuance. Mr. Ravi B. Goyal, Chairman &amp; MD of AGS Transact Technologies, expressed enthusiasm about partnering with IndianOil on the ‘XtraPower’ program. He [&hellip;]
- [JSW Neo Energy, a Subsidiary of JSW Energy, Received a 600 MW Wind-Solar Hybrid Power Project Award from MSEDCL](https://angelnews.in/jsw-neo-energy-a-subsidiary-of-jsw-energy-received-a-600-mw-wind-solar-hybrid-power-project-award-from-msedcl/): JSW Neo Energy Limited, a subsidiary of JSW Energy Limited, has received a Letter of Award for a 600 MW Wind-Solar Hybrid Power Project from Maharashtra State Electricity Distribution Company Limited (MSEDCL) under Phase IV. This project includes 400 MW from a green shoe option. With this award, JSW Energy’s total locked-in generation capacity rises to 18.2 GW, including 3.8 GW of Hybrid capacity. The company anticipates increasing its installed generation capacity to 10 GW by FY25, up from the current 7.5 GW. This expansion supports JSW Energy’s shift towards becoming a comprehensive energy products and services provider. Currently, JSW Energy&#8217;s [&hellip;]
- [Awfis has Signed a Business Transfer Agreement with SMS Integrated Facility Services Private Limited](https://angelnews.in/awfis-has-signed-a-business-transfer-agreement-with-sms-integrated-facility-services-private-limited/): Awfis Space Solutions Limited (Awfis), a leading provider of flexible workspace solutions in India, has announced the signing of a Business Transfer Agreement with SMS Integrated Facility Services Private Limited (“SMS”) for the sale of its Facility Management division, Awfis Care, for Rs. 27.5 Crores. Maple Capital Advisors served as the exclusive advisor to Awfis for this transaction, which is anticipated to be finalized within 120 days. SMS Integrated Facility Services (SMS IFS) Private Limited, part of Samara Capital, is a prominent integrated facilities management company in India. It oversees operations at over 5,000 sites for more than 500 clients across [&hellip;]
- [Tata Power Starts Solar Cell Production at India’s Largest 4.3 GW Facility in Tirunelveli, Tamil Nadu](https://angelnews.in/tata-power-starts-solar-cell-production-at-indias-largest-4-3-gw-facility-in-tirunelveli-tamil-nadu/): TP Solar Limited, a major cell and module manufacturer and a subsidiary of Tata Power Renewable Energy Limited, has announced the start of commercial production at its 2 GW solar cell line in Tirunelveli, Tamil Nadu. This facility is India&#8217;s largest single-location solar cell and module plant. Following earlier success in module production, this new cell line will help meet increasing demand for high-quality, domestically produced solar components and support India&#8217;s clean energy goals. The plant, with a total capacity of 4.3 GW, is expected to reach full production capacity in the next few months, having already produced 1250 MW of [&hellip;]
- [Dixon's Subsidiary, Padget Electronics, has Signed a MOU Manufacture Notebooks, Desktops, and All-In-One PCs for HP](https://angelnews.in/dixons-subsidiary-padget-electronics-has-signed-a-mou-manufacture-notebooks-desktops-and-all-in-one-pcs-for-hp/): Padget Electronics Private Limited, a wholly owned subsidiary of Dixon, has signed a Memorandum of Understanding (MOU) with HP India Sales Private Limited to manufacture notebooks, desktops, and All-in-One PCs. This agreement is contingent upon the finalization of definitive agreements in the near future. HP is a prominent global provider of personal computing devices, imaging and printing products, and related technology solutions and services. Regarding this collaboration, Mr. Atul B. Lall, Vice Chairman &amp; Managing Director of Dixon Technologies (India) Limited, stated, “We are thrilled to partner with the esteemed brand HP to produce PCs under the PLI 2.0 scheme. HP [&hellip;]
- [Thomas Cook India and SOTC Travel Sign MOU with Malaysia Aviation Group](https://angelnews.in/thomas-cook-india-and-sotc-travel-sign-mou-with-malaysia-aviation-group/): Thomas Cook (India) Limited and SOTC Travel have entered a 24-month strategic partnership with Malaysia Aviation Group (Malaysia Airlines). The MOU, signed in Kuala Lumpur by key executives from both companies, aims to enhance travel experiences for Indian tourists. The collaboration will leverage Malaysia Airlines&#8217; extensive network to offer seamless travel to Malaysia and beyond, including destinations like Australia, New Zealand, and Japan. The strategic partnership between Thomas Cook (India) Limited, SOTC Travel, and Malaysia Aviation Group focuses on joint promotions and marketing to boost visibility and attract Indian visitors. The collaboration will offer a range of travel options, including group [&hellip;]
- [Suzlon Secures India’s Largest Wind Energy Contract: 1,166 MW from NTPC Green Energy](https://angelnews.in/suzlon-secures-indias-largest-wind-energy-contract-1166-mw-from-ntpc-green-energy/): After reporting robust Q1 results for FY25, Suzlon Group, India’s leading renewable energy solutions provider, announced securing India’s largest wind energy order from NTPC Green Energy Limited (the renewables arm of NTPC Limited, India’s largest energy conglomerate) for 1,166 MW. Suzlon will install 370 wind turbine generators (WTGs) of the S144 model, featuring a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each. These turbines will be deployed across two projects managed by NTPC Renewable Energy Limited (a wholly owned subsidiary of NGEL) and one project by IndianOil NTPC Green Energy Pvt. Ltd. (a group company of [&hellip;]
- [Sarveshwar Food Limited Forms Strategic Partnerships with NBFCs to Provide Financial Support to its Partner Farmers](https://angelnews.in/sarveshwar-food-limited-forms-strategic-partnerships-with-nbfcs-to-provide-financial-support-to-its-partner-farmers/): Sarveshwar Food Limited, an emerging player in the agri-food sector based in Jammu, announced the launch of strategic partnerships with select Non-Banking Financial Companies (NBFCs). This initiative is designed to boost financial support for farmers, who are crucial to the company’s supply chain, and to foster advancements in the agricultural sector. Sarveshwar Food Limited acknowledges the essential role that farmers play in its operations. These new collaborations aim to provide vital financial resources, allowing farmers to invest in modern agricultural practices and infrastructure. Through these partnerships, Sarveshwar Food Limited seeks to strengthen the agricultural ecosystem and ensure the stability and growth [&hellip;]
- [Wardwizard Innovations Announces Joint Venture in Saudi Arabia](https://angelnews.in/wardwizard-innovations-announces-joint-venture-in-saudi-arabia/): Wardwizard Innovations &amp; Mobility Limited (WIML), known for its &#8216;Joy e-bike&#8217; and &#8216;Joy e-rik&#8217; brands, has received a Letter of Intent (LOI) from His Royal Highness Prince Abdulaziz Bin Turki Bin Talal Bin Abdulaziz Al Saud to establish a Joint Venture in Saudi Arabia. This marks a key step in Wardwizard&#8217;s global expansion and commitment to sustainable mobility. A recent feasibility study supports this venture, aligning with Saudi Arabia’s vision for sustainable development. Mr. Yatin Gupte, Chairman and Managing Director, expressed excitement about the partnership and its potential to enhance both global presence and the Kingdom’s sustainability goals. The proposed Joint [&hellip;]
- [PVR INOX Debuts Mohali’s First 4D Cinema Experience Featuring Advanced 4K Laser Technology and a 7-Screen Multiplex](https://angelnews.in/pvr-inox-debuts-mohalis-first-4d-cinema-experience-featuring-advanced-4k-laser-technology-and-a-7-screen-multiplex/): PVR INOX Limited, India’s largest cinema chain, has unveiled its third cinema in Mohali, featuring the cutting-edge 4DX multi-sensory format. Located at Mohali Walk, Sector 62, Mohali, Punjab, the new 7-screen multiplex provides residents with an exceptional out-of-home entertainment destination, offering a fully immersive movie-watching experience. This new addition will bolster PVR INOX’s presence in Punjab, bringing their total to 90 screens across 17 properties in the state, and contributing to their Northern India expansion with 466 screens across 101 properties. Strategically situated near the PCA Stadium Mohali, the new cinema boasts a total seating capacity of 1,022 and is equipped [&hellip;]
- [VA TECH WABAG Wins Order from Saudi Water Authority Worth INR 2,700 Crores](https://angelnews.in/va-tech-wabag-wins-order-from-saudi-water-authority-worth-inr-2700-crores/): VA TECH WABAG , a prominent Indian multinational specializing in water technology, continues to enhance its footprint and solidify its leadership in the Middle East with a substantial order valued at approximately USD 317 million (around SAR 1,190 million / INR 2,700 crores) from the Saudi Water Authority (SWA). WABAG’s exceptional track record and technologically advanced proposal were pivotal in securing this prestigious contract for the Engineering, Procurement, Construction, and Commissioning (EPCC) of a 300 Million Litres per Day (MLD) Mega Sea Water Reverse Osmosis (SWRO) Desalination Plant in Yanbu, Kingdom of Saudi Arabia (KSA). The Saudi Water Authority (SWA), formerly [&hellip;]
- [DreamFolks is Launching a New Highway Dining Service at Over 600 Locations Nationwide](https://angelnews.in/dreamfolks-is-launching-a-new-highway-dining-service-at-over-600-locations-nationwide/): DreamFolks, India’s premier travel and lifestyle experiences company, announces its latest offering: highway dining for travelers. This new service will be accessible at over 600 locations along major highways nationwide. With this expansion, DreamFolks extends its convenience beyond airports and railway stations to cater to highway travelers. DreamFolks members can now savor specially crafted meals at renowned restaurants situated along more than 60 key highway routes originating from major cities such as Delhi, Mumbai, Bangalore, Hyderabad, Chennai, and Kolkata. This service ensures a smooth and enjoyable dining experience while on the go. The DreamFolks highway dining service presents travelers with a [&hellip;]
- [RIL Board Approves 1:1 Bonus Issue: The Largest Ever in Indian Equity Markets](https://angelnews.in/ril-board-approves-11-bonus-issue-the-largest-ever-in-indian-equity-markets/): The Board of Directors of Reliance Industries Limited (RIL) has approved a 1:1 bonus issue, whereby each shareholder holding one fully paid-up equity share of Rs. 10 each will receive an additional fully paid-up equity share of Rs. 10 each. The record date for this issuance will be announced separately. This marks the largest bonus share issuance in the history of the Indian equity market. Scheduled to coincide with the festive season in India, the bonus issue will serve as an early Diwali gift to our esteemed shareholders. This announcement is RIL&#8217;s sixth bonus issue since its IPO and the second [&hellip;]
- [Nazara Technologies has Teamed up with the Government of Telangana to Establish the Nazara AI Center of Excellence](https://angelnews.in/nazara-technologies-has-teamed-up-with-the-government-of-telangana-to-establish-the-nazara-ai-center-of-excellence/): Nazara Technologies, India’s leading and only publicly listed diversified gaming and esports company, has signed a groundbreaking Memorandum of Understanding (MoU) with the Government of Telangana. This strategic partnership will establish the Nazara AI Center of Excellence (AI CoE), aimed at advancing gaming and digital entertainment through pioneering AI technologies. The initiative is set to position Nazara at the forefront of AI-driven innovations in these fields and establish Telangana as a global center for AI innovation. The Nazara AI CoE will focus on research, development, and innovation in gaming, interactive media, gamified learning, and other digital content, utilizing cutting-edge technologies such [&hellip;]
- [EKI Energy Services Launches EKI Academy](https://angelnews.in/eki-energy-services-launches-eki-academy/): EKI Energy Services Ltd. (EKI) is thrilled to launch EKI Academy, a new educational platform aimed at equipping individuals and organizations with expertise in environmental services. The academy will provide training on GHG footprint accounting, carbon offset project development, and ESG and sustainability practices, fostering a new wave of climate champions. The EKI Academy is set to lead in environmental education with its robust offerings. It features GHG Accounting and Carbon Credit Masterclasses to enhance expertise in greenhouse gas accounting and carbon credit projects. The academy also provides ISO &amp; IMS Training, equipping organizations with the skills to implement and maintain [&hellip;]
- [NHPC Limited Signed an MoU with Maharashtra to Develop 7,350 MW of Energy Storage and Renewable Energy](https://angelnews.in/nhpc-limited-signed-an-mou-with-maharashtra-to-develop-7350-mw-of-energy-storage-and-renewable-energy/): NHPC Limited previously had signed a Memorandum of Understanding (MoU) with the Department of Energy, Government of Maharashtra, to develop Energy Storage Systems (Pumped Storage Systems) along with other renewable energy sources (such as solar, wind, or hybrid systems), with a total capacity of 7,350 MW. The Department of Water Resources (WRD), Government of Maharashtra, has renewed its previous MoU with NHPC Limited on September 3, 2024. This renewed agreement focuses on the development of Pumped Storage Projects (PSPs), PSPs combined with Lift Irrigation Schemes (LIS), and co-located PSP-Solar/Other Renewable Energy Hybrid Projects through a Public-Private Partnership. The projects include the [&hellip;]
- [TCS Teams Up with Google Cloud to Introduce AI-Driven Cybersecurity Solutions for Tackling Advanced Threats](https://angelnews.in/tcs-teams-up-with-google-cloud-to-introduce-ai-driven-cybersecurity-solutions-for-tackling-advanced-threats/): Tata Consultancy Services (TCS) has expanded its partnership with Google Cloud to launch two new AI-driven cybersecurity solutions. The TCS Managed Detection and Response (MDR) solution, using Google Security Operations, aims to speed up threat detection and response. Meanwhile, the TCS Secure Cloud Foundation enhances cloud security and compliance across various environments by leveraging Google Cloud’s technology and incorporating AI and automation for continuous risk monitoring and remediation. TCS has already implemented these solutions successfully, including automating security policies for a major German bank. Ganesa Subramanian, VP and Global Head of Cybersecurity at TCS, emphasized the need for robust cybersecurity as [&hellip;]
- [Adani Green and TotalEnergies Enhance Collaboration with Strategic Joint Venture](https://angelnews.in/adani-green-and-totalenergies-enhance-collaboration-with-strategic-joint-venture/): Adani Green Energy Limited (AGEL) and TotalEnergies have launched a strategic joint venture to manage a 1,150 MW solar portfolio at Khavda, Gujarat. AGEL will contribute its assets, and TotalEnergies will invest USD 444 million to speed up development. This partnership aims to boost India’s clean energy transition, with power sold through agreements with the Solar Energy Corporation of India and the wholesale market. AGEL is building the world’s largest renewable energy plant on barren land in Khavda, Gujarat, spanning 538 square kilometers—five times the size of Paris. The site already has 2,250 MW of solar and wind capacity operational. When [&hellip;]
- [KFin Technologies Unveils mPower Wealth Platform to Meet the Demands of the Expanding Wealth Management Sector](https://angelnews.in/kfin-technologies-unveils-mpower-wealth-platform-to-meet-the-demands-of-the-expanding-wealth-management-sector/): KFin Technologies has launched the mPower Wealth platform, a sophisticated solution for wealth managers, family offices, banks, and external asset managers. This platform integrates front, mid, and back-office operations with multi-asset and multi-currency capabilities, aiming to enhance client experiences. The 2024 Knight Frank Report reveals substantial growth in the wealth management sector, with the UHNWI population rising 4.2% in 2023 and projected to increase by 28.1% over the next five years. As investment trends evolve and generational wealth shifts, mPower Wealth addresses these needs with a scalable, technologically advanced platform. mPower Wealth offers a range of key features designed to enhance [&hellip;]
- [Cabinet Committee on Security has Approved a Rs 26,000 Crore Deal with HAL for 240 Aero-Engines for the IAF’s Su-30 MKI Aircraft](https://angelnews.in/the-cabinet-committee-on-security-has-approved-a-rs-26000-crore-deal-with-hal-for-240-aero-engines-for-the-iafs-su-30-mki-aircraft/): On September 2, 2024, the Cabinet Committee on Security approved a proposal for the procurement of 240 AL-31FP aero-engines for the Indian Air Force&#8217;s Su-30 MKI aircraft. The order, valued at over Rs 26,000 crore including all taxes and duties, will be fulfilled by Hindustan Aeronautics Limited (HAL) under the Buy (Indian) category. Delivery of these engines is expected to begin in one year and be completed over an eight-year period. The engines will feature more than 54% indigenous content, thanks to the incorporation of domestically produced components. They will be manufactured at HAL&#8217;s Koraput division. The Su-30 MKI fleet is [&hellip;]
- [Gensol Engineering and Matrix Gas & Renewables have Emerged as the Lowest Bidder for India’s First Biomass to Green Hydrogen project](https://angelnews.in/gensol-engineering-and-matrix-gas-renewables-have-emerged-as-the-lowest-bidder-for-indias-first-biomass-to-green-hydrogen-project/): Gensol Engineering Limited, a key player in renewable energy specializing in solar EPC and electric mobility, has teamed up with Matrix Gas &amp; Renewables Ltd., a growing green hydrogen infrastructure developer. The consortium has emerged as the lowest bidder for the EPC contract to develop India’s first Bio-Hydrogen project. This landmark initiative will convert 25 tons of bio-waste into 1 ton of hydrogen per day and is valued at INR 164 Crore. Set to be completed in 18 months, the project aligns with the National Green Hydrogen Mission. The company has partnered with Westinghouse USA to develop a 25 TPD bio-waste [&hellip;]
- [GHG Reduction Technologies, a Subsidiary of EKI Energy Services, is Expanding its Clean Cooking Initiative with a New Manufacturing Unit in Nairobi](https://angelnews.in/ghg-reduction-technologies-a-subsidiary-of-eki-energy-services-is-expanding-its-clean-cooking-initiative-with-a-new-manufacturing-unit-in-nairobi/): Nairobi, Africa : EKI Energy Services Ltd., a global leader in carbon credits, announces that its subsidiary GHG Reduction Technologies Pvt. Ltd. has launched a new manufacturing unit in Nairobi, Kenya. In partnership with local manufacturer MCI Limited, this facility advances EKI’s clean cooking initiative, aimed at improving cooking practices across Africa. The new unit will focus on producing efficient, biomass-based cookstoves for rural and economically disadvantaged households. This initiative aims to enhance environmental sustainability and economic development by providing cleaner cooking solutions, reducing reliance on traditional biomass fuels, and alleviating the burden of firewood collection. The new Nairobi facility will [&hellip;]
- [Dynacons has Won the HCI Data Centre Project for the Bank of Maharashtra's Nakshatra-2 Private Cloud](https://angelnews.in/dynacons-has-won-the-hci-data-centre-project-for-the-bank-of-maharashtras-nakshatra-2-private-cloud/): Dynacons Systems &amp; Solutions Ltd. (Dynacons) has secured a major Rs. 142.55 Crores contract from Bank of Maharashtra. The contract involves designing, deploying, and managing an advanced Hyper-Converged Infrastructure (HCI) system for the bank&#8217;s private cloud. This initiative supports the bank&#8217;s digital transformation and enhances data security, with installations at the Data Centre, Disaster Recovery Centre, and Near DR. Bank of Maharashtra, a leading public sector bank with a legacy of 88 years and a network of 2,350 branches, aims to modernize its IT infrastructure. The HCI solution will improve operational efficiency and digital banking experiences over a five-year period, including [&hellip;]
- [Railways Minister Launches India’s First BEML-Made Vande Bharat Sleeper Trainset and New Hangar Facility](https://angelnews.in/railways-minister-launches-indias-first-beml-made-vande-bharat-sleeper-trainset-and-new-hangar-facility/): In a landmark event, Union Railways Minister Shri Ashwini Vaishnaw today launched India’s first Vande Bharat Sleeper trainset at BEML&#8217;s Bangalore facility. This achievement highlights BEML&#8217;s role as a leading rail and metro manufacturer with its indigenously designed trainset. Additionally, Shri Vaishnaw inaugurated a new 9.2-acre hangar facility near the BEML complex, aimed at expanding the export of rolling stock and enhancing BEML&#8217;s global presence. The event was attended by distinguished guests, including Shri V. Somanna, Minister of State for Railways; Shri Satish Kumar, Chairman &amp; CEO of the Railway Board; Shri Shantanu Roy, Chairman &amp; Managing Director of BEML; and [&hellip;]
- [Enser Communications Limited Reveals Strategic Expansion into Digital Marketing, Data Centers, and Cybersecurity](https://angelnews.in/enser-communications-limited-reveals-strategic-expansion-into-digital-marketing-data-centers-and-cybersecurity/): Enser Communications Limited, a Business Process Management (BPM) industry player, is preparing to reshape its business with a strategic expansion into Digital Marketing, Data Centers, and Cybersecurity. Enser Communications Limited&#8217;s Board of Directors has approved a significant expansion into Digital Marketing, Data Centers, and Cybersecurity, marking a pivotal moment for the company. This strategic move is set to enhance Enser&#8217;s market presence and service offerings. The expansion will introduce advanced digital marketing services, including SEO, social media marketing, AI-driven solutions, and innovative virtual and augmented reality experiences. The company will also develop cutting-edge data centers through strategic partnerships and a pilot [&hellip;]
- [NHPC Limited and SJVN Limited Gets Navratna Status Approval](https://angelnews.in/nhpc-limited-and-sjvn-limited-gets-navratna-status-approval/): The Department of Public Enterprises (DPE) under the Ministry of Finance, Government of India, has issued an Office Memorandum dated August 30, 2024. This memorandum communicates that the Competent Authority has granted approval for NHPC Limited to be awarded the prestigious Navratna status. The Department of Public Enterprises, Ministry of Finance, Government of India, through its letter numbered PD-I26/0004/2024-DPE dated August 30, 2024, has conferred the prestigious &#8220;Navratna Status&#8221; upon SJVN Limited. Enterprises granted Navaratna status experience significant advantages that enhance their operational effectiveness and financial autonomy. One of the primary benefits is increased operational freedom, allowing these companies greater flexibility [&hellip;]
- [Aurionpro Payments has officially Launched as an Online Payment Aggregator](https://angelnews.in/aurionpro-payments-has-officially-launched-as-an-online-payment-aggregator/): Aurionpro Payments, a subsidiary of Aurionpro, announces its launch as an online payment aggregator. This milestone follows recent approval from the Reserve Bank of India and marks Aurionpro&#8217;s strategic entry into the dynamic payments industry. The official announcement was made at the esteemed Global Fintech Fest 2024 in Mumbai, one of the world’s largest fintech events. AuroPay is an advanced payment receivable platform designed to help businesses easily collect payments through features like payment request links, digital invoices, payment plans, and a user-friendly dashboard. With AuroPay, businesses can streamline payment management and gain valuable transaction insights. Aurionpro Payments has launched AuroCheck, [&hellip;]
- [Eraaya Lifespaces Limited Successfully Completes a Major Acquisition of Ebix Inc](https://angelnews.in/eraaya-lifespaces-limited-successfully-completes-a-major-acquisition-of-ebix-inc/): Eraaya Lifespaces Limited announced the successful completion of a USD 151.577 million (approximately Rs 1273.25 crores) payment for the acquisition of Ebix Inc. USA and its global subsidiaries. With this significant development, the Chapter 11 proceedings for Ebix Inc. are concluded, and Eraaya will now be the holding company for Ebix Inc. and all its subsidiaries. The acquisition, completed following a successful bid in June 2024, saw Eraaya’s consortium emerge as the top bidder in the auction conducted by the U.S. Bankruptcy Court. The deal includes full ownership of Ebix Inc. and its global subsidiaries, integrating all associated assets and liabilities [&hellip;]
- [Kaushalya Logistics Forms Strategic Partnership with IPSCOM Pte Ltd, Expanding Global Client Network](https://angelnews.in/kaushalya-logistics-forms-strategic-partnership-with-ipscom-pte-ltd-expanding-global-client-network/): Kaushalya Logistics Ltd (NSE: KLL), a leading logistics conglomerate, is excited to announce its strategic partnership with IPSCOM Private Ltd, a subsidiary of IPSCOM Singapore Ltd. This collaboration aims to enhance Kaushalya Logistics&#8217; global client portfolio by integrating comprehensive logistics and freight forwarding services provided by IPSCOM. This partnership marks a significant expansion of Kaushalya Logistics&#8217; service offerings, reinforcing its reputation as a top-tier provider of high-quality logistics solutions. By teaming up with IPSCOM Private Ltd, Kaushalya Logistics reaffirms its dedication to delivering reliable and efficient services that address the complex needs of global enterprises. The alliance is a testament to [&hellip;]
- [Garden Reach Shipbuilders, in Collaboration with NHIDCL, has Signed MOU for the Supply of Double-Lane Modular Bridges](https://angelnews.in/garden-reach-shipbuilders-in-collaboration-with-nhidcl-has-signed-mou-for-the-supply-of-double-lane-modular-bridges/): Garden Reach Shipbuilders &amp; Engineers Ltd. (GRSE) has secured a major deal with the National Highway Infrastructure Development Corporation Ltd. (NHIDCL) to supply and install Double-Lane Class 70 modular steel and Bailey bridges. The MoU, signed by Dr. Krishan Kumar, IAS, MD of NHIDCL, and Cmde PR Hari, IN (Retd.), CMD of GRSE, aims to enhance connectivity in key border areas. GRSE’s innovative bridges, in line with the Aatmanirbhar Bharat Abhiyan, offer a 7.5-meter-wide carriageway and support vehicles up to 100/70 MT. They feature high-tensile steel for durability and modular design for rapid deployment. In August 2022, Garden Reach Shipbuilders &amp; [&hellip;]
- [Infosys Foundation USA launches Tech Innovation Lab in North Carolina](https://angelnews.in/infosys-foundation-usa-launches-tech-innovation-lab-in-north-carolina/): Charlotte, North Carolina : Infosys Foundation USA, a non-profit dedicated to closing the digital skills gap, has announced the opening of its Tech Innovation Lab at Discovery Place Science in Charlotte, NC. This new lab provides a venue for advanced learning and exploration through the Infosys Springboard platform, which offers over 11,000 free courses. Infosys Springboard features cutting-edge technology trends and professional development tools, including virtual labs, secure assessments, social learning options, gamification, and learning analytics. It is designed as a state-of-the-art learning platform, giving users access to a wide range of content, including free courses in Generative AI and emerging [&hellip;]
- [Intellect Design Arena Forms Global Partnership with Wipro to Revolutionize Banking Technology Services with eMACH.ai](https://angelnews.in/intellect-design-arena-forms-global-partnership-with-wipro-to-revolutionize-banking-technology-services-with-emach-ai/): Intellect Design Arena Ltd, a leader in enterprise-grade financial technology offering advanced composable and intelligent solutions for forward-looking global financial institutions, has announced a Global Strategic Partnership with Wipro Limited, a prominent technology services and consulting firm. This alliance aims to harness the innovative eMACH.ai platform, a cutting-edge technology developed using First Principles Thinking to streamline technology in the banking and insurance sectors. The partnership is set to deliver groundbreaking IT solutions to clients in the banking and financial services industry. Under the terms of the agreement, Intellect and Wipro will collaborate to provide pioneering IT solutions to the global banking [&hellip;]
- [JSW Neo Energy Limited has Secured a Additional 400 MW Wind-Solar Hybrid Power Project Award from MSEDCL](https://angelnews.in/jsw-neo-energy-limited-has-secured-a-additional-400-mw-wind-solar-hybrid-power-project-award-from-msedcl/): JSW Neo Energy Limited, a fully owned subsidiary of JSW Energy Limited, has been awarded an additional 400 MW Wind-Solar Hybrid Power Project under the greenshoe option from Maharashtra State Electricity Distribution Company Limited (or “MSEDCL”) as part of MSEDCL – Phase III. With this new allocation, JSW Neo&#8217;s total capacity under Phase III now stands at 600 MW. Following this award, the Company’s total locked-in generation capacity has risen to 17.6 GW, which includes a hybrid capacity of 3.2 GW (including FDRE). The Company aims to achieve an installed generation capacity of 10 GW by FY25, an increase from the [&hellip;]
- [Sonata Software Secures Major Multi-Year, Multi-Million Dollar IT Outsourcing Contract with Leading US Healthcare and Wellness Provider](https://angelnews.in/sonata-software-secures-major-multi-year-multi-million-dollar-it-outsourcing-contract-with-leading-us-healthcare-and-wellness-provider/): Sonata Software, a leader in Modernization Engineering, has been selected as a Strategic IT outsourcing partner by a premier US-based Healthcare and Wellness company. This deal, secured in June 2024 after a thorough evaluation, was also highlighted during our Q1FY25 earnings call on July 31, 2024. The company focuses on providing personalized, high-quality care to vulnerable and underserved patients in challenging clinical and behavioral health settings, with a commitment to enhancing health outcomes through patient-centered programs. Under this collaboration, Sonata Software will help the client achieve two key goals: enhancing IT budgets and cost efficiencies through systemic improvements and engineering strategies, [&hellip;]
- [Piccadily Agro Industries has Received Nationwide Approval to Supply its Brands to Canteens Serving Central Armed Police Forces](https://angelnews.in/piccadily-agro-industries-has-received-nationwide-approval-to-supply-its-brands-to-canteens-serving-central-armed-police-forces/): Piccadily Agro Industries Limited (PAIL) has been authorized to supply its portfolio including the world’s fastest-growing single malt whisky, Indri, India’s first premium cane juice rum, Camikara, and the blended malt whisky, Whistler to the Central Armed Police Forces (CRPF, BSF, SSB, and ITBP) canteens across their 98 depots nationwide. This approval follows a similar nod from the Canteen Stores Department (CSD) received in March 2024. Following strong international acclaim in markets like the US, the UK, and Dubai, Indri and the other two brands will now be available to personnel in paramilitary canteens throughout India. This represents a significant milestone [&hellip;]
- [Genus Power Infrastructures Secures Orders Totaling ₹4,469.04 Crore](https://angelnews.in/genus-power-infrastructures-secures-orders-totaling-%e2%82%b94469-04-crore/): Genus Power Infrastructures Limited’s wholly owned subsidiary has been awarded three Letters of Award (LOAs) totaling ₹4,469.04 crore (net of taxes). These awards are for the appointment of Advanced Metering Infrastructure Service Providers (AMISPs), including the design, supply, installation, commissioning, and future maintenance of approximately 5.59 million Smart Prepaid Meters, system meters, and DT Meters, along with energy accounting on a DBFOOT basis. Mr. Jitendra Kumar Agarwal, Joint Managing Director of Genus Power Infrastructures Ltd., remarked, “We are excited to announce that Genus Power Infrastructures Limited continues its impressive growth trajectory with the acquisition of substantial orders, further cementing our leadership [&hellip;]
- [Max Factor Partners with Shoppers Stop to Expand its Presence in India](https://angelnews.in/max-factor-partners-with-shoppers-stop-to-expand-its-presence-in-india/): Max Factor, the iconic Hollywood makeup brand known for its rich legacy of innovation, is making its debut in the physical retail market in India through a strategic partnership with House of Beauty and Shoppers Stop. This collaboration represents a significant milestone in House of Beauty’s transformative journey, leveraging Shoppers Stop’s extensive retail network and customer base to offer a premium shopping experience. By the end of the year, Max Factor will be available in 70 Shoppers Stop locations across major cities such as Delhi, Mumbai, Bengaluru, and Chennai, broadening its reach and enhancing accessibility. This move will strengthen Max Factor&#8217;s [&hellip;]
- [Mastek and Onyx Health Unveil Strategic Alliance to Enhance Healthcare Data Interoperability](https://angelnews.in/mastek-and-onyx-health-unveil-strategic-alliance-to-enhance-healthcare-data-interoperability/): Mastek, a leading partner in digital engineering and cloud transformation, is announced its strategic partnership with Onyx Health, a pioneer in healthcare interoperability solutions. This collaboration is set to accelerate the adoption of FHIR (Fast Healthcare Interoperability Resources) standards, aiming to improve data interoperability and enhance patient health outcomes. In a time when smooth data exchange is crucial for effective healthcare, the Mastek-Onyx Health partnership will offer health plans a ready-made solution for CMS-9115 (Patient Access API) and CMS-0057 (Advancing Interoperability and Electronic Prior Authorization) regulations. These key regulations are essential for modernizing healthcare data sharing, requiring health plans to ensure [&hellip;]
- [GRM Overseas Secures Largest Single Stake in Virat Kohli-Backed Digital Coffee Brand, "Rage Coffee"](https://angelnews.in/grm-overseas-secures-largest-single-stake-in-virat-kohli-backed-digital-coffee-brand-rage-coffee/): GRM Overseas Limited, a prominent entity in India&#8217;s FMCG sector and a major exporter of premium basmati rice, has made a substantial strategic investment in Swmabhan Commerce Pvt Ltd, the parent company of the digital-first coffee brand Rage Coffee. GRM Overseas has secured a 44% equity stake through a mix of primary investment and secondary purchases, signaling a significant move into the rapidly expanding Indian coffee market. Rage Coffee, co-owned by Bharat Sethi, Sixth Sense Ventures, and notable personalities like cricketer Virat Kohli and actor Rannvijay Singha, has quickly gained popularity among modern consumers. The brand is renowned for its inventive [&hellip;]
- [AXISCADES’ Mistral Delivers Mobile Communication Office Vehicle to boost Gujarat Police’s Disaster Management](https://angelnews.in/axiscades-mistral-delivers-mobile-communication-office-vehicle-to-boost-gujarat-polices-disaster-management/): Mistral Solutions Pvt. Ltd., an AXISCADES company, has successfully delivered and commissioned a cutting-edge Mobile Communication Office Vehicle (MCOV) for the Gujarat State Police. Developed in response to the Bhuj Earthquake, this MCOV is designed to significantly improve law enforcement and public safety during emergencies and disasters. The MCOV serves as a critical Command, Control, and Communications (C3) resource, offering robust satellite and cellular connectivity, secure data and VoIP networks, and advanced video surveillance. It is highly mobile and can be rapidly deployed for various emergency scenarios, including cyclones, floods, and earthquakes, ensuring seamless communication and coordination among response agencies. Mr. [&hellip;]
- [PDS Secures ₹430 Crore (approximately $51 million) via Qualified Institutions Placement](https://angelnews.in/pds-secures-%e2%82%b9430-crore-approximately-51-million-via-qualified-institutions-placement/): PDS Limited announced the successful completion of its Qualified Institutions Placement (QIP), raising ₹430 crore (approximately $51 million). The QIP garnered strong interest from institutional investors, with subscriptions surpassing twice the issue size. This capital raise will accelerate PDS’s growth by expanding into new markets and categories, diversifying sourcing regions through brownfield investments, and maintaining a robust balance sheet. Pallak Seth, Executive Vice Chairman, expressed his satisfaction with the enthusiastic response to the QIP, noting that this is the first fundraising since the demerger, with diverse institutional investor participation. He emphasized that this funding will be crucial for driving expansion, fostering [&hellip;]
- [Datamatics Collaborates with Microsoft to Develop AI Solutions Using Copilots](https://angelnews.in/datamatics-collaborates-with-microsoft-to-develop-ai-solutions-using-copilots/): Datamatics, a global leader in Digital Technologies, Operations, and Experiences, has announced a partnership with Microsoft to create custom copilot solutions aimed at enhancing process automation and accelerating business transformation. The company has introduced a Partner On-boarding Copilot available on the Microsoft Teams store, which integrates Azure OpenAI with the Datamatics Intelligent Automation Platform. This innovation has earned Datamatics recognition as a key ISV developing a custom copilot solution. The company was highlighted at the Microsoft Build 2024 conference in Seattle, USA, and received a notable mention in a blog post by Merav Davidson, Vice President of Industry AI at Microsoft. [&hellip;]
- [TCS Pace Studio Launches in the Philippines to Drive Digital Innovation for Clients in the Asia Pacific Region](https://angelnews.in/tcs-pace-studio-launches-in-the-philippines-to-drive-digital-innovation-for-clients-in-the-asia-pacific-region/): PHILIPPINES : Tata Consultancy Services has opened a cutting-edge TCS Pace Studio in Manila, Philippines. This new facility will enable TCS to collaborate closely with clients to create customized solutions that drive digital innovation across the Asia Pacific region. Situated within TCS Panorama Tower office, the Manila TCS Pace Studio will feature advanced platforms such as TCS AI WisdomNext, TCS TwinX, and TCS Zero Carbon Platform, and will leverage emerging technologies like AI, cloud computing, cybersecurity, and data analytics. The Manila studio is the fifth TCS Pace Studio worldwide, joining others in Riyadh, Sydney, Letterkenny, and Stockholm, as well as seven [&hellip;]
- [JSW Neo Energy ,a Subsidiary of JSW Energy, has Received LOA to Develop a 200 MW Wind-Solar Hybrid Power Project from MSEDCL](https://angelnews.in/jsw-neo-energy-a-subsidiary-of-jsw-energy-has-received-loa-to-develop-a-200-mw-wind-solar-hybrid-power-project-from-msedcl/): JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited, has been awarded a Letter of Award (LoA) for a 200 MW Wind-Solar Hybrid Power Project by Maharashtra State Electricity Distribution Company Limited (MSEDCL) through a tariff-based competitive bid (MSEDCL – Phase III). This award raises the company’s total locked-in generation capacity to 17.2 GW, including 2.9 GW in hybrid capacity. JSW Energy aims to reach 10 GW of installed capacity by FY25, up from the current 7.5 GW. The project will bolster the company’s energy solutions and support its transition to becoming a comprehensive energy products and services [&hellip;]
- [Arihant Group has Signed a Joint Development Agreement for a ₹500 Crore Commercial Project Next to the Hilton Chennai](https://angelnews.in/arihant-group-has-signed-a-joint-development-agreement-for-a-%e2%82%b9500-crore-commercial-project-next-to-the-hilton-chennai/): Arihant Foundations and Housing Ltd, through its Special Purpose Vehicle (SPV) Vilaya Properties LLP, has partnered with Empee Hotels Ltd, the owners of Hilton Chennai, to develop a Grade A commercial space adjacent to the hotel. The project, covering approximately 300,000 square feet and with a Gross Development Value of around ₹500 crores, will combine office spaces with hospitality services, creating a vibrant hub in one of Chennai&#8217;s most desirable locations. Situated in the city&#8217;s premier commercial corridor, this development aims to address the growing demand for office spaces, including Global Capability Centres (GCCs). Chennai has recently emerged as a top [&hellip;]
- [Medi Assist TPA is set to Acquire a 100% Stake in Paramount TPA from Fairfax Asia and Dr. Nayan Shah and his Family](https://angelnews.in/medi-assist-tpa-is-set-to-acquire-a-100-stake-in-paramount-tpa-from-fairfax-asia-and-dr-nayan-shah-and-his-family/): Medi Assist Insurance TPA Private Limited, a wholly owned subsidiary of Medi Assist Healthcare Services, has announced the signing of definitive agreements to acquire 100% of Paramount Health Services &amp; Insurance TPA Pvt. Limited. Paramount TPA, a key player in the TPA sector, is currently owned by Fairfax Asia and the Shah family. This acquisition will enhance Medi Assist’s position as a leading market player and is pending customary closing conditions and regulatory approvals from the Insurance Regulatory and Development Authority of India (IRDAI). Paramount TPA partners with 30 insurers and serves over 3,000 group clients and retail policyholders. Following this [&hellip;]
- [Bondada Engineering Limited Wins Order Worth Rs 575 Crores](https://angelnews.in/bondada-engineering-limited-wins-order-worth-rs-575-crores/): Bondada Engineering Limited has been awarded a Letter of Award by Lumina Clean Energy Private Limited, Purelight Energy Private Limited, and VVKR Photovoltaics Energy Private Limited. The aforementioned companies are special purpose vehicles (SPVs) established by the PPA owners, Paradigm IT Technologies Pvt Ltd and Metalcraft Forming Industries Pvt Ltd, both of which are software companies based in India. The scope of work for this project includes the design, survey, supply, installation, testing, and commissioning of grid-connected distributed solar power plants. These plants are aimed at solarizing selected agricultural feeders at the substation (SS) level within the MSEDCL jurisdiction. The project [&hellip;]
- [Xerox and HCLTech Expand Partnership to Foster Innovation in AI and Digital Engineering](https://angelnews.in/xerox-and-hcltech-expand-partnership-to-foster-innovation-in-ai-and-digital-engineering/): NEW YORK :  HCLTech, a prominent global technology firm, has announced an extension of its strategic partnership with Xerox, focusing on AI-driven engineering services and digital process operations (DPO). This partnership will support Xerox&#8217;s Reinvention initiative, which aims to fundamentally and structurally redesign the company for long-term, profitable, and sustainable growth. HCLTech will utilize its expertise in automation, product and sustenance engineering, and process operations—including Order to Cash, Sales and Marketing Operations, Supply Chain, and Procurement. Additionally, the company will deploy its advanced GenAI platform, HCLTech AI Force, to create a unified interface that transforms interactions for both employees and clients [&hellip;]
- [UCAL Limited and Blaer Motors Private Limited have Signed an MOU to Jointly Develop Motor Controllers](https://angelnews.in/ucal-limited-and-blaer-motors-private-limited-have-signed-an-mou-to-jointly-develop-motor-controllers/): Ucal Limited, a leading automotive component manufacturer known for its high-quality products, has signed an MoU with Blaer Motors Private Limited, a specialist in hybrid drivetrain solutions. This collaboration aims to leverage their combined expertise to design and develop electronic motor controllers ranging from 500 watts to 2 kilowatts, tailored to UCAL’s customer needs. The MoU, signed by Mr. Ram Ramamurthy, Whole Time Director of Ucal Limited, and Mr. Abinesh Ekambaram, Co-Founder &amp; CEO of Blaer Motors, with Mr. B. Srinivasan, CTO of Ucal Limited, and Mr. Girinarayanan, Head of Electronics at Ucal Limited, seeks to expand market reach and integrate [&hellip;]
- [EFC Limited Wins Design and Build Contract with Tata Consultancy Services (TCS)](https://angelnews.in/efc-limited-wins-design-and-build-contract-with-tata-consultancy-services-tcs/): EFC Limited announced that it has been awarded a major Design and Build contract by Tata Consultancy Services (TCS). EFC Limited previous high-impact project for TCS has paved the way for this opportunity. The new contract includes a broad range of design and build services, further strengthening partnership with one of the world’s leading IT services firms. The scope of the contract encompasses fit-out design and build works, MEP services, as well as testing and commissioning, highlighting EFC’s proficiency in managing large-scale projects with precision and excellence. EFC Limited continued collaboration with TCS underscores reputation as a premier provider of integrated [&hellip;]
- [GRM Overseas Limited Announces the Launch of its New Platform, 10X Ventures](https://angelnews.in/grm-overseas-limited-announces-the-launch-of-its-new-platform-10x-ventures/): GRM Overseas Limited, a leading name in India&#8217;s FMCG sector, announces the launch of its new strategic platform, 10X Ventures. This innovative initiative is designed to drive growth by focusing on digital-first D2C brands, lifestyle brands, and incubation opportunities. By harnessing GRM&#8217;s extensive infrastructure and entrepreneurial spirit, 10X Ventures aims to enhance net sales and margin growth. The platform has several key objectives. It will work on revitalizing and relaunching smaller, underdeveloped brands within GRM’s portfolio to unlock their full potential and boost their market appeal. Additionally, 10X Ventures will nurture smaller acquisitions, providing the support needed to scale them up [&hellip;]
- [Integro Technologies, an Aurionpro Company, is Named a Category Leader in Five Key Corporate Lending Areas by Chartis](https://angelnews.in/integro-technologies-an-aurionpro-company-is-named-a-category-leader-in-five-key-corporate-lending-areas-by-chartis/): Integro Technologies, an Aurionpro Company, announced its recognition as a Category Leader in five key Quadrants of Corporate Lending by Chartis, a leading independent research and advisory firm. The company has been distinguished in Collateral Management Systems, Limits Management Systems, Loan Management Systems, Loan Origination Systems, and Private and Non-bank Credit Systems. Integro Technologies offers a specialized product portfolio for global lending operations, empowering banks to achieve digital transformation through advanced solutions. These solutions help banks efficiently grow their portfolios and manage risks with streamlined processes and tailored support for private lenders and non-bank financial institutions. Anish Shah, Research Director at [&hellip;]
- [Exhicon Events Media Solutions to Acquire 76% of Equity Stake in Perfect-Octave Limited](https://angelnews.in/exhicon-events-media-solutions-to-acquire-76-of-equity-stake-in-perfect-octave-limited/): Exhicon Event Media Solutions Limited has signed a Memorandum of Understanding (“MOU”) with Perfect-Octave Limited on August 26, 2024, to acquire a 76% equity stake in the company. This acquisition is expected to significantly enhance Exhicon’s capabilities and expand its reach in live events and corporate video productions. Perfect Octave holds a diverse portfolio of intellectual property in non-film music genres, including classical, folk, devotional, and indie music, which is anticipated to contribute substantially to Exhicon’s revenue and profitability. Perfect Octave Limited specializes in producing and managing a broad array of entertainment events, radio and television programs, films, musical performances, and [&hellip;]
- [Sprayking Limited Acquires Advanced Machinery and Ventures into the Casting Production Market](https://angelnews.in/sprayking-limited-acquires-advanced-machinery-and-ventures-into-the-casting-production-market/): Sprayking Limited, formerly Sprayking Agro Equipment Limited, is excited to announce the import of machinery worth Rs. 3.85 million from China. This investment marks a key milestone in the company’s growth as it expands into casting production, further establishing its leadership in the manufacturing sector. The machinery, set to arrive in 60 days, is designed to enhance manufacturing capabilities and produce high-quality casting products for various industries. With this expansion, Sprayking Limited is positioned to enter the competitive casting market and offer products that aim to set new industry standards. Sprayking Limited&#8217;s recent acquisition of advanced machinery, valued at Rs. 3.85 [&hellip;]
- [Mini Diamonds India Ltd (MDIL) has Collaborated with Parasamani Inc., a Jewelry Firm in Toronto](https://angelnews.in/mini-diamonds-india-ltd-mdil-has-collaborated-with-parasamani-inc-a-jewelry-firm-in-toronto/): Mini Diamonds India Ltd (MDIL) has formed a strategic alliance with Parasamani Inc., a Toronto-based jewelry company. This partnership marks a key milestone in MDIL’s global expansion strategy and strengthens its role as a leader in the lab-grown diamond jewelry sector. Parasamani Inc., a prominent player in the Canadian wholesale jewelry market with over a decade of experience and a vast network, will market and promote MDIL’s lab-grown diamond jewelry across Canada. Leveraging its strong connections with retailers, wholesalers, and distributors, Parasamani aims to significantly enhance MDIL’s sales in the region. By utilizing Parasamani’s established channels, MDIL will provide Canadian clients [&hellip;]
- [BHEL has Signed a Contract with Adani Power and Mahan Energen to Develop Three Supercritical Thermal Power Projects](https://angelnews.in/bhel-has-signed-a-contract-with-adani-power-and-mahan-energen-to-develop-three-supercritical-thermal-power-projects/): Bharat Heavy Electricals Limited (BHEL) has signed a contract with Adani Power Ltd. and its subsidiary, Mahan Energen Ltd., to establish three supercritical thermal power projects, each with a capacity of 2&#215;800 MW, located in Kawai, Rajasthan, and Mahan, Madhya Pradesh. The contract agreement, signed on August 25, 2024, covers the supply of equipment (boilers, turbines, generators) and supervision of erection and commissioning for three supercritical technology power projects. These projects include two phases at Kawai, Rajasthan (Phase-II and Phase-III) for Adani Power Ltd. (APL) and one phase at Mahan, Madhya Pradesh (Phase-III) for Mahan Energen Ltd. (MEL). Each project has [&hellip;]
- [GAIL and Petron have Entered into a MOU to Explore the Potential for Setting up a Bio-Ethylene Plant in India](https://angelnews.in/gail-and-petron-have-entered-into-a-mou-to-explore-the-potential-for-setting-up-a-bio-ethylene-plant-in-india/): GAIL (India) Limited and Petron Scientech Inc (Petron) have signed a Memorandum of Understanding (MoU) to jointly explore the establishment of a 500 Kilo Tons per Annum (KTA) bio-ethylene plant and its associated downstream units in India. This initiative will operate on a 50:50 Joint Venture (JV) basis, utilizing bioethanol produced at the plant. The MoU was signed by Shri Sumit Kishore, Executive Director (Business Development and Exploration &amp; Production) at GAIL, and Shri Yogi Sarin, CEO of Petron, in the presence of Shri Rajeev Kumar Singhal, Director (Business Development) at GAIL. Under the MoU, both GAIL and Petron will conduct [&hellip;]
- [Shyam Metalics has Completed 20.43 MW of its 100 MW Renewable Energy Project at its Facilities and Office](https://angelnews.in/shyam-metalics-has-completed-20-43-mw-of-its-100-mw-renewable-energy-project-at-its-facilities-and-office/): Shyam Metalics and Energy Ltd., a top metal manufacturer in India, is launching a clean energy initiative by integrating rooftop and floating solar at its facilities across the country. This move underscores the company’s dedication to sustainability, decarbonization, and India’s green energy goals. The company has unveiled Phase 1 of its project, with a capacity of 5.2 MWp, followed by Phase 2 at 4.8 MWp. Phase 3, executed under a Group Captive and OPEX model, involves a 10.43 MWp distributed project developed with a Renewable Energy Service Company (RESCO). This phase will utilize floating solar and rooftop installations across various facilities [&hellip;]
- [Ministry of Commerce & Industry has Awarded Industrial License to Paras Defence and Space Technologies To Manufacture Defence Related Products](https://angelnews.in/ministry-of-commerce-industry-has-awarded-industrial-license-to-paras-defence-and-space-technologies-to-manufacture-defence-related-products/): The Department for Promotion of Industry &amp; Internal Trade, under the Ministry of Commerce &amp; Industry, has granted an industrial license to Paras Defence and Space Technologies Limited. This license permits the establishment of an industrial facility for manufacturing a range of advanced defense and space technologies. The items to be produced include infrared or thermal imaging equipment (such as monoculars, binoculars, cameras, sights, cooled and uncooled cameras, and II tube-based sights), electro-optics systems (including day and night vision devices and security surveillance systems), radar system sub-systems and platforms, modules and control assemblies (such as sub-systems for cameras, opto-mechanical, and opto-electronic [&hellip;]
- [Nippon India Mutual Fund Introduces the Nippon India Nifty 500 Equal Weight Index Fund](https://angelnews.in/nippon-india-mutual-fund-introduces-the-nippon-india-nifty-500-equal-weight-index-fund/): Nippon Life India Asset Management Limited (NAM India), the asset manager for Nippon India Mutual Fund (NIMF), announces the launch of the Nippon India Nifty 500 Equal Weight Index Fund. This open-ended scheme is designed to replicate or track the Nifty 500 Equal Weight Index. The fund offers a unique investment opportunity by providing exposure to a broad array of 500 companies, each with an equal weight in the portfolio. This approach helps reduce concentration risk typically seen in market capitalization weighted indices and allows investors to tap into the growth of the broader Indian market. Investors looking to benefit from [&hellip;]
- [BEML Signs MOU with Malaysia's SMH RAIL Sdn. Bhd. to Meet Global Rail and Metro Demand](https://angelnews.in/beml-signs-mou-with-malaysias-smh-rail-sdn-bhd-to-meet-global-rail-and-metro-demand/): BEML Ltd. has signed an MoU with Malaysia’s SMH Rail to expand their global presence in the rail and metro sector. The agreement, formalized in Delhi, aims to address rising global demand by focusing on marketing, supply, and servicing of rail products in Malaysia, Southeast Asia, and Africa. The partnership will enhance capabilities in design, manufacturing, and MRO services, and involve joint efforts in sourcing and technology exchange. The MoU marks a significant step for BEML in expanding its global reach and addressing the growing need for advanced rail and metro solutions. With over 60 years of experience and exports to [&hellip;]
- [Kilburn Engineering Limited to Acquire 100% shareholding of Monga Strayfield Private Limited For INR 123 Crore](https://angelnews.in/kilburn-engineering-limited-to-acquire-100-shareholding-of-monga-strayfield-private-limited-for-inr-123-crore/): The Board of Directors of Kilburn Engineering Limited has approved the terms of a binding term sheet for the proposed acquisition of 100% of the paid-up capital of Monga Strayfield Private Limited . This decision was made during a meeting held on August 21, 2024. Monga Strayfield Private Limited is an engineering company specializing in the manufacture of radio frequency dryers and heating solutions. For the financial year 2023-24, the company reported a total revenue of INR 72.90 crore and a profit after tax (PAT) of INR 15.41 crore. As of March 31, 2024, the company&#8217;s cash and bank balance stood [&hellip;]
- [Thomas Cook India and SOTC Travel Introduce Customer Self-Service App to Enhance Post-Booking Experience for Holiday Travelers](https://angelnews.in/thomas-cook-india-and-sotc-travel-introduce-customer-self-service-app-to-enhance-post-booking-experience-for-holiday-travelers/): Thomas Cook (India) Limited and SOTC Travel have launched a Customer Self-Service (CSS) app for iOS and Android, enhancing the post-booking experience. This app simplifies tasks such as visa coordination, flight details, and hotel vouchers, offering a user-friendly interface. Since its pilot in April 2024, the app has seen strong adoption, with 50% of customers already using it. The Customer Self-Service app offers several key features to enhance the travel experience. It provides comprehensive booking details, allowing users to view all aspects of their trip, including flights, hotel reservations, sightseeing schedules, transportation, guides, and meal preferences. The app ensures instant accessibility, [&hellip;]
- [Servotech Power Systems to Construct 12 EV Charging Stations for ANERT, Kerala Government](https://angelnews.in/servotech-power-systems-to-construct-12-ev-charging-stations-for-anert-kerala-government/): Servotech Power Systems Ltd., the largest EV charger manufacturer in India, has secured a major contract to install 12 EV charging stations for the Agency for New and Renewable Energy Research and Technology (ANERT) within the Department of Power, Government of Kerala. This contract requires Servotech to build 12 electric vehicle (EV) charging stations equipped with 30KW Fast DC EV Chargers at various locations within the Kerala Motor Vehicle Department. The scope of the contract includes the supply, commissioning, and construction of these EV charging stations. The project, which has already commenced, will be carried out in two phases. The first [&hellip;]
- [Thai Airways has Chosen RateGain Travel Technologies for a Multi-Year Collaboration to Enhance its Pricing Intelligence](https://angelnews.in/thai-airways-has-chosen-rategain-travel-technologies-for-a-multi-year-collaboration-to-enhance-its-pricing-intelligence/): RateGain Travel Technologies Limited (RateGain), a prominent provider of AI-powered SaaS solutions for the travel and hospitality sectors, has announced its selection by Thai International Public Company Limited (Thai Airways). Thai Airways, the national flag carrier of Thailand and a member of the Star Alliance network, has engaged RateGain for a multi-year partnership utilizing RateGain&#8217;s specialized platform for airlines, AirGain. This collaboration is aimed at enhancing Thai Airways&#8217; pricing strategies across its extensive network of domestic and international routes, leveraging the benefits of its Star Alliance membership. Founded in 1960, Thai Airways has established itself as a leading airline known for [&hellip;]
- [E2E Networks Secures INR 420.51 Crores Through Preferential Issue of Equity Shares](https://angelnews.in/e2e-networks-secures-inr-420-51-crores-through-preferential-issue-of-equity-shares/): E2E Networks Ltd. (NSE: E2E), a leading AI-first and MeitY-approved cloud platform in India, has announced the successful completion of a strategic investment round, securing INR 420.51 crores through a preferential equity share issue. This major capital infusion highlights E2E Networks&#8217; dedication to advancing India’s AI/ML cloud platform and supporting enterprises, startups, and institutions nationwide. The Board of Directors approved the issuance of up to 2,481,592 equity shares at an issue price of INR 1,694.50 per share, raising a total of INR 420,50,57,644 (INR 420.51 crores). This investment comes from a diverse group of investors, including prominent members of the promoter [&hellip;]
- [DroneAcharya Aerial Innovations Limited has Announced Strategic Partnership with SISIR Radar through the signing of MOU](https://angelnews.in/droneacharya-aerial-innovations-limited-has-announced-strategic-partnership-with-sisir-radar-through-the-signing-of-mou/): DroneAcharya Aerial Innovations Limited Announced strategic alliance with SISIR Radar, formalized through a Memorandum of Understanding (MoU). Under this agreement, DroneAcharya will exclusively distribute SISIR Radar products in Southeast Asia and Africa. This collaboration represents a major enhancement of DroneAcharya’s expertise in the Defence and Space Technology sectors. Previously, DroneAcharya announced its entry into SpaceTech with research and development efforts focused on CubeSats. This new partnership with SISIR Radar is pivotal, as it will allow for the integration of SAR sensors into these CubeSat constellations, significantly boosting their capabilities and applications. Key elements of the partnership include several strategic initiatives. DroneAcharya [&hellip;]
- [Epcogen, a Subsidiary of AXISCADES, has been Granted a Long-Term Contract by Highview Power](https://angelnews.in/epcogen-a-subsidiary-of-axiscades-has-been-granted-a-long-term-contract-by-highview-power/): Bengaluru : AXISCADES Technologies Ltd, a leader in technology and engineering solutions, has announced that its subsidiary, Epcogen, has secured a long-term contract with Highview Power Limited, a British company specializing in energy storage technology. Highview Power, known for its development of long-duration energy storage solutions from renewable sources, has raised funds to launch its first major project: the Carrington Power Project in Manchester, UK. This project will house the world&#8217;s largest liquid air energy storage (LAES) facility, with a 50 MW, 300 MWh (six-hour) capacity designed to power over 1 million homes in the UK. Construction of the Carrington facility [&hellip;]
- [TCS Pace Studio Launches in Stockholm, Driving Innovation Across the Nordic Region](https://angelnews.in/tcs-pace-studio-launches-in-stockholm-driving-innovation-across-the-nordic-region/): STOCKHOLM : Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a global leader in IT services, consulting, and business solutions, has unveiled its newest TCS Pace Studio in Stockholm, Sweden. This launch provides customers in the Nordic region with exclusive access to TCS&#8217;s innovation ecosystem. The cutting-edge innovation hub and research center will allow enterprises to explore and implement the latest technological advancements on a large scale, accelerating their digital transformation efforts. Situated in the Epicenter House of Innovation, a vibrant center housing over 600 technology companies and entrepreneurs, the TCS Pace Studio Stockholm is well-positioned to address local business challenges [&hellip;]
- [Coforge Partners with Salesforce to Introduce Coforge ENZO, a Cutting-Edge Sustainability Solution](https://angelnews.in/coforge-partners-with-salesforce-to-introduce-coforge-enzo-a-cutting-edge-sustainability-solution/): Coforge (NSE: COFORGE) has partnered with Salesforce to launch Coforge ENZO, a new solution designed to support environmental and net zero initiatives. This offering combines Salesforce’s Net Zero Cloud with Coforge’s implementation expertise to help businesses tackle decarbonization and accurately measure and report greenhouse gas (GHG) emissions. Sudhir Singh, CEO of Coforge, expressed excitement about expanding the partnership to aid businesses in achieving their Net Zero commitments. Coforge ENZO will enhance emissions data management by consolidating and transforming raw data, automating carbon accounting with real-time calculations and dashboards, and generating audit-ready sustainability reports compliant with global standards. Arundhati Bhattacharya, CEO &amp; [&hellip;]
- [Hi-Tech Pipes Wins ₹105 Crore Contract in the Renewable Energy Sector](https://angelnews.in/hi-tech-pipes-wins-%e2%82%b9105-crore-contract-in-the-renewable-energy-sector/): Hi-Tech Pipes announced the successful procurement of orders totaling ₹105 crore (inclusive of GST) for supplying ERW steel pipes to leading customers in the renewable energy sector. These significant contracts highlight the growing demand for sustainable energy solutions and emphasize the company&#8217;s commitment to supporting this vital industry. The orders will be fulfilled from Hi-Tech Pipes&#8217; new state-of-the-art manufacturing facility located in Sanand Unit II Phase I over the next three months. This advanced facility, featuring cutting-edge technology and efficient production processes, is prepared to deliver high-quality steel pipes that adhere to the rigorous standards of the renewable energy sector. The [&hellip;]
- [Knowledge Marine & Engineering Works has Received Work Order from the New Mangalore Port Authority](https://angelnews.in/knowledge-marine-engineering-works-has-received-work-order-from-the-new-mangalore-port-authority/): Knowledge Marine &amp; Engineering Works Ltd. (KMEW) (BSE: 543273) has secured a five-year contract from the New Mangalore Port Authority to supply an RSV Type IV Security Patrol Boat with a speed of at least 25 knots. Valued at ₹9,69,51,470, this contract represents KMEW&#8217;s first with the Port Authority and highlights a significant upgrade in their technical capabilities. The contract includes supplying, manning, operating, and maintaining a patrol boat for 24/7 CISF duties. The boat must meet Class requirements for optimal performance. The River-Sea Vessel (RSV) Type 4 Patrol Boat, capable of speeds over 25 knots, enhances KMEW’s capabilities compared to [&hellip;]
- [Zen Technologies Limited Announced that its Cutting-Edge "Mine Detection System" has been Granted a Patent in India](https://angelnews.in/zen-technologies-limited-announced-that-its-cutting-edge-mine-detection-system-has-been-granted-a-patent-in-india/): Zen Technologies Limited, a leading entity in defense simulation and technology, announced that its groundbreaking &#8220;Mine Detection System&#8221; has been awarded a patent in India. This innovation represents a significant advancement in minefield reconnaissance, planning, and clearance, offering a safer, more efficient, and accurate approach to mine detection. The &#8220;Mine Detection System&#8221; integrates GPS/GIS technology to record and plot mine coordinates in Latitude/Longitude and Military Grid Defense Series Maps (DSM). This capability allows precise navigation to pre-recorded coordinates and aids in the safe retrieval of mines. Designed to operate in extreme conditions, the system functions effectively at temperatures from -25°C to [&hellip;]
- [R Systems International Launches OptimaAI: a Generative AI Suite for Businesses](https://angelnews.in/r-systems-international-launches-optimaai-a-generative-ai-suite-for-businesses/): R Systems, a global leader in digital product engineering, has announced the launch of the OptimaAI Suite. This new suite includes a range of generative AI services, tools, industry-specific models, and frameworks designed to boost enterprise adoption of AI in software development and digital transformation. The OptimaAI Suite enhances the software development lifecycle with AI-powered solutions at every stage, from initial knowledge transfer and ramp-up to development, modernization, and support. It improves processes across ideation, design, development, quality engineering, DevOps, and maintenance, aiming to drive revenue growth, operational efficiencies, and innovation for businesses across various industries. The OptimaAI Suite offers a [&hellip;]
- [Texmaco Rail & Engineering Q1 2025 Results : PAT Increases 176% YOY to ₹40.2 Crore, To Acquire Jindal Rail & Infrastructure](https://angelnews.in/texmaco-rail-engineering-q1-2025-results-pat-increases-176-yoy-to-%e2%82%b940-2-crore-to-acquire-jindal-rail-infrastructure/): In Q1 FY25, Texmaco Rail &amp; Engineering Limited reported a Revenue from Operations of ₹891.7 crores, marking a significant year-on-year increase of 35.8%. The company&#8217;s Profit After Tax (PAT) for the quarter surged to ₹40.2 crores, which represents a remarkable year-on-year growth of 176%. During the same period, Texmaco manufactured 1,967 freight cars and maintained a robust order book valued at ₹7,459.7 crores, underscoring its strong market position and growth trajectory. On July 25th, Texmaco disclosed that it has agreed to acquire the entire shareholding of Jindal Rail &amp; Infrastructure Limited (“JRIL”) for a cash consideration of Rs. 615 crores, subject [&hellip;]
- [VST Tillers Tractors Ltd Q1 2025 Results : Net Profit is at Rs 22.85 Crore](https://angelnews.in/vst-tillers-tractors-ltd-q1-2025-results-net-profit-is-at-rs-22-85-crore/): VST Tillers Tractors Limited (VST), a leading farm equipment manufacturer in India, has announced its financial results for the quarter ending June 30, 2024. For this quarter, VST reported a turnover of ₹190.59 crore, a decrease from ₹246.14 crore in the same period last year. The decline in revenue is attributed to drought conditions in key markets and the general elections across India. The profit before tax for the quarter stands at ₹27.94 crore, down from ₹42.59 crore the previous year. Net profit is ₹22.85 crore, which represents 10.78% of the total income, compared to 12.48% in the previous year. The [&hellip;]
- [Karnataka Bank Launches UPI Credit Line in Collaboration with Navi](https://angelnews.in/karnataka-bank-launches-upi-credit-line-in-collaboration-with-navi/): Karnataka Bank, a prominent private sector bank based in Mangaluru, announced its innovative step into digital finance with the launch of its Credit Line on UPI, an advanced solution developed by the National Payments Corporation of India (NPCI). Through a strategic alliance with Navi, Karnataka Bank becomes one of the first to offer this cutting-edge credit product. Initially available to a select group of pre-qualified users, the service will expand based on customer feedback. The Credit Line on UPI is designed to provide exceptional convenience and enhance the digital experience, reflecting the bank&#8217;s dedication to innovation and customer-focused solutions. The Bank [&hellip;]
- [Nykaa Acquires Additional Stake of 39% in Beauty brand Dot & Key](https://angelnews.in/nykaa-acquires-additional-stake-of-39-in-beauty-brand-dot-key/): Nykaa has announced that it will boost its majority stake in Dot &amp; Key from 51% to 90% by acquiring an additional 39% stake for Rs. 265 Crores. Suyash and Anisha Saraf, the founders of Dot &amp; Key, will remain at the helm of the company and retain an ownership stake despite Nykaa&#8217;s increased investment. Nykaa&#8217;s enhanced stake in Dot &amp; Key underscores the brand&#8217;s strong performance, long-term potential, and its crucial role in Nykaa’s expanding portfolio of owned brands. Dot &amp; Key, known for its fruit-forward skincare products, emphasizes high efficacy with clinically tested and certified safe items. The brand [&hellip;]
- [Zodiac Energy Limited has Secured an order from the Ahmedabad Municipal Corporation valued at Rs 154.27 Crores](https://angelnews.in/zodiac-energy-limited-has-secured-an-order-from-the-ahmedabad-municipal-corporation-valued-at-rs-154-27-crores/): Zodiac Energy Limited has received an order from the Ahmedabad Municipal Corporation (AMC) for the design, supply, installation, testing, and commissioning of 30MW ground-mounted solar projects connected to the grid in Gujarat. This comprehensive project includes erection, operation, and maintenance for five years, along with lease and sublease agreements, amounting to a total value of Rs. 154.27 Crores. The execution of the order is expected to be completed within 18 months from the date of receipt. This order marks a significant milestone for Zodiac Energy Limited as it partners with a domestic entity to enhance renewable energy infrastructure in the region.
- [Ashok Leyland Begins Delivery of AVTR 55T and BOSS Electric Vehicles to Billion Electric Mobility](https://angelnews.in/ashok-leyland-begins-delivery-of-avtr-55t-and-boss-electric-vehicles-to-billion-electric-mobility/): Ashok Leyland, the Indian flagship of the Hinduja Group and the country’s leading commercial vehicle manufacturer, today with Billion Electric Mobility (member of Group BillionE), flagged off its AVTR 55T Electric, BOSS 19T Electric, and BOSS 14T Electric trucks. This flagoff marks the commencement of the delivery of Electric trucks by Ashok Leyland to the BillionE Group The event was attended by key leaders, including Ashok Leyland&#8217;s MD &amp; CEO Mr. Shenu Agarwal and BillionE&#8217;s Founder &amp; CEO Mr. Kartikey Hariyani. BillionE has ordered 180 electric vehicles, including BOSS Electric Trucks and AVTR 55T Electric Tractors. Mr. Agarwal expressed pride in [&hellip;]
- [Airtel Business and Fortinet Collaborate to Launch ‘Airtel Secure Internet’ for Enhanced Enterprise Security](https://angelnews.in/airtel-business-and-fortinet-collaborate-to-launch-airtel-secure-internet-for-enhanced-enterprise-security/): Airtel Business, the B2B division of Bharti Airtel, has partnered with Fortinet to launch ‘Airtel Secure Internet,’ a comprehensive internet security solution that provides robust protection against cyber threats. This solution enhances security for Internet Lease Line (ILL) circuits by combining Airtel’s reliable connectivity with Fortinet’s advanced firewall technology. It offers end-to-end protection through Airtel’s Security Operations Centre (SOC) and Fortinet’s Security Orchestration, Automation, and Response (SOAR) platform. Sharat Sinha, CEO of Airtel Business, emphasized the increasing complexity of cybersecurity and the need for effective management, stating that this solution alleviates the burden of high capital expenditures. Vivek Srivastava, Country Manager [&hellip;]
- [Eraaya Lifespaces Subsidiary Ebix Cash Secures INR 138.75 Crore Contract with Punjab National Bank](https://angelnews.in/eraaya-lifespaces-subsidiary-ebix-cash-secures-inr-138-75-crore-contract-with-punjab-national-bank/): Eraaya Lifespaces Limited has announced that its Indian subsidiary, Ebix Cash Limited, has secured a major contract for Network Integrating Services with Punjab National Bank (PNB), one of India’s prominent public sector banks. Valued at approximately INR 138.75 crores, this three-year renewal, effective October 1, 2024, highlights Ebix’s capabilities and the opportunities available within this crucial sector, enhancing banking access across the nation. The contract includes management of PNB&#8217;s extensive network, which comprises 10,800 branches and 5,000 ATMs, as well as oversight of the Data Centre in Delhi and other facilities. A dedicated team of over 1,100 personnel will provide effective [&hellip;]
- [GRSE Signs Agreement for Construction of 5th Multi-Purpose Vessel with a Capacity of 7,500 DWT](https://angelnews.in/grse-signs-agreement-for-construction-of-5th-multi-purpose-vessel-with-a-capacity-of-7500-dwt/): Garden Reach Shipbuilders &amp; Engineers Ltd (GRSE) marked a significant milestone on October 3, 2024, by signing an agreement with M/s Carsten Rehder Schiffsmakler and Reederei GmbH &amp; Co. KG from Germany for the construction of the fifth Multi-Purpose Vessel (MPV), with a capacity of 7,500 DWT. This contract follows an earlier &#8216;Option Agreement&#8217; for four additional MPVs, bringing the total to eight vessels with an estimated value of $108 million. Each MPV will be 120 meters long, 17 meters wide, and can carry 7,500 metric tonnes of cargo. Designed to accommodate bulk, general, and project cargoes, these vessels will also [&hellip;]
- [Cyient DLM Announces Acquisition of Altek Electronics, a Leading EMS Company in the U.S.](https://angelnews.in/cyient-dlm-announces-acquisition-of-altek-electronics-a-leading-ems-company-in-the-u-s/): Cyient DLM, a leading integrated electronics manufacturing company, has acquired Altek Electronics, a notable U.S.-based EMS (Electronic Manufacturing Services) firm. This strategic move enhances Cyient DLM&#8217;s presence in North America and strengthens its capabilities in the Medical, Healthcare, and Industrial sectors. With a solid footprint in these areas, Altek adds several Fortune 500 clients to Cyient DLM’s portfolio and positions the company well in the growing U.S. Defense market due to its ITAR certification. The acquisition also expands manufacturing capacity by 80,000 square feet to better serve global clients. Krishna Bodanapu, Executive Chairman of Cyient DLM, stated that this acquisition broadens [&hellip;]
- [DroneAcharya Aerial Innovations Partners with American Blast Systems to Expand into U.S. and European Drone Markets](https://angelnews.in/droneacharya-aerial-innovations-partners-with-american-blast-systems-to-expand-into-u-s-and-european-drone-markets/): DroneAcharya Aerial Innovations Ltd. (BSE: DRONACHRYA), India’s first publicly traded drone company announces its Memorandum of Understanding (MoU) with American Blast Systems (ABS) Inc., a U.S. leader in law enforcement and military safety products. This collaboration aims to leverage the rapidly expanding drone markets in the U.S. and Europe, focusing on enterprise, industrial, and defense sectors. Recent market research highlights that the U.S. commercial drone market was valued at USD 6.39 billion in 2024, with projections reaching USD 14.11 billion by 2033, reflecting a CAGR of 9.2%. Similarly, the Public Safety Drone Market, currently at USD 1.1 billion in 2023, is [&hellip;]
- [IndianOil and Nepal Oil Corporation Establish B2B Framework Agreements for Significant Petroleum Infrastructure Development in Nepal](https://angelnews.in/indianoil-and-nepal-oil-corporation-establish-b2b-framework-agreements-for-significant-petroleum-infrastructure-development-in-nepal/): In a major step for bilateral cooperation and energy security, Indian Oil Corporation Limited (IndianOil) and Nepal Oil Corporation (NOC) signed a Business-to-Business (B2B) Framework Agreement today. The signing, attended by Mr. Pankaj Jain, Secretary of the Ministry of Petroleum and Natural Gas, and Mr. V. Satish Kumar, Chairman of IndianOil, will facilitate key petroleum infrastructure projects in Nepal. The agreement was signed by Mr. Senthil Kumar N from IndianOil and Dr. Chandika Prasad Bhatta from NOC. The Memorandum of Understanding (MoU) signed on May 31, 2023, between India’s Ministry of Petroleum and Natural Gas and Nepal’s Ministry of Industry, Commerce [&hellip;]
- [Knowledge Marine & Engineering Receives ₹17.7 Crore Order From Dredging Corporation of India](https://angelnews.in/knowledge-marine-engineering-receives-%e2%82%b917-7-crore-order-from-dredging-corporation-of-india/): Knowledge Marine &amp; Engineering Works Ltd. (KMEW) (BSE: 543273) has secured a three-year work order from the Dredging Corporation of India (DCI) for maintenance dredging and salvaging at Kandla Port, valued at ₹17,77,64,664, including taxes. The contract includes two key activities: maintaining water depths at cargo berths and oil jetties by removing silt and sediment, and salvaging materials such as wooden logs and scrap from the seabed. This marks KMEW&#8217;s first salvaging contract, significantly enhancing its expertise in dredging and complex marine projects. For the Kandla Port contract, the company will use equipment from its existing fleet, leveraging its current dredger [&hellip;]
- [PM Narendra Modi inaugurates GAIL’s Compressed Bio Gas Plant in Ranchi](https://angelnews.in/pm-narendra-modi-inaugurates-gails-compressed-bio-gas-plant-in-ranchi/): Honorable Prime Minister Shri Narendra Modi today inaugurated GAIL (India) Limited&#8217;s Compressed Bio Gas (CBG) plant in Ranchi, Jharkhand, via virtual mode during a ceremony held at Vigyan Bhawan, New Delhi, to celebrate Swachh Bharat Diwas 2024. This CBG facility is designed to convert the organic fraction of Municipal Solid Waste (MSW) into CBG, with a feedstock processing capacity of 150 TPD and a production capacity of 5 Tonnes Per Day (TPD), representing a total investment of ₹26 crore. GAIL’s CBG Plant aims to significantly advance environmental and Sustainable Development goals, reducing approximately 4,950 tonnes of CO2 emissions annually. It is [&hellip;]
- [J. Kumar Infraprojects has Won a ₹1847.72 Crore Contract from the Mumbai Metropolitan Region Development Authority](https://angelnews.in/j-kumar-infraprojects-has-won-a-%e2%82%b91847-72-crore-contract-from-the-mumbai-metropolitan-region-development-authority/): J. Kumar Infraprojects Limited has been awarded a contract by MMRDA, through a “Letter of Acceptance.” The project involves the design and construction of an elevated road in Thane city, extending from Anand Nagar to Saket along the Eastern Express Highway, with a total contract value of ₹1,847.72 Crores (Rupees One Thousand Eight Hundred Forty-Seven Crores and Seventy-Two Lakhs only), excluding GST. The duration of the contract is set for 48 months.
- [Utkarsh Small Finance Bank has Appointed Mary Kom and Sunil Chhetri as Brand Ambassadors](https://angelnews.in/utkarsh-small-finance-bank-has-appointed-mary-kom-and-sunil-chhetri-as-brand-ambassadors/): Utkarsh Small Finance Bank Limited has announced the appointment of legendary boxer Mary Kom and celebrated footballer Sunil Chhetri as brand ambassadors. Chairman Parveen Kumar Gupta expressed pride in welcoming them, highlighting their achievements as reflections of the bank’s mission to uplift underserved communities through accessible financial services. MD &amp; CEO Govind Singh emphasized that their qualities of resilience and commitment align with Utkarsh SFB’s values of financial inclusion and empowerment. Mary Kom praised the bank&#8217;s dedication to helping underprivileged communities, while Chhetri noted the importance of persistence and support in achieving dreams. Together, they will lead initiatives such as financial [&hellip;]
- [Hinduja Global Solutions Opens Global CX Hub in Cape Town, South Africa, to Assist International Clients](https://angelnews.in/hinduja-global-solutions-opens-global-cx-hub-in-cape-town-south-africa-to-assist-international-clients/): Hinduja Global Solutions (HGS), listed on BSE and NSE, has launched a new customer experience (CX) hub in Cape Town, South Africa, to serve both new and existing clients. Located in Woodstock with easy access to transport, the hub will create leadership and frontline roles to support U.S., UK, and Australian clients. HGS aims to hire over 400 local employees in various customer experience and corporate support positions by March 2025. South Africa, the second-largest economy in Africa, features a well-educated, digitally savvy, and English-speaking workforce, with four universities in the global top 500. Its time zone is ideal for serving [&hellip;]
- [Kalyani Strategic Systems and US-based AM General and Mandus Group are Partnering to Develop Next-Gen Artillery Platforms](https://angelnews.in/kalyani-strategic-systems-and-us-based-am-general-and-mandus-group-are-partnering-to-develop-next-gen-artillery-platforms/): Kalyani Strategic Systems Ltd, a wholly-owned subsidiary of Bharat Forge Ltd in India, intends to establish a multi-party agreement with prominent U.S. defense firms AM General and Mandus Group LLC to investigate the co-development and co-production of next-generation artillery gun platforms. As the battlefield evolves with near-peer adversaries, there’s a rising demand for modern light artillery systems that offer improved firepower, precision strikes, and tactical mobility. This collaboration aims to provide compact and rugged 105mm and 155mm next-generation artillery platforms that are lightweight, all-terrain, and all-weather capable. These systems will feature advanced technologies for responsive and survivable fire, enhanced lethality, and [&hellip;]
- [PVR INOX Limited has Launched a 5-Screen Multiplex at Alveal Fun Savvy Mall in Coimbatore, Tamil Nadu](https://angelnews.in/pvr-inox-limited-has-launched-a-5-screen-multiplex-at-alveal-fun-savvy-mall-in-coimbatore-tamil-nadu/): PVR INOX Limited, India’s largest and most premium cinema exhibitor, has announced the opening of a new 5-screen cinema at Alveal Fun Savvy Mall in Coimbatore. This marks the company&#8217;s third cinema in Coimbatore and the 24th in Tamil Nadu, increasing the total screen count in the state to 144 and in Coimbatore to 20. Known as the second largest city in Tamil Nadu and often referred to as the &#8220;Manchester of South India&#8221; for its thriving textile industry, Coimbatore is a vital market for PVR INOX’s expansion strategy. The new cinema at Alveal Fun Savvy Mall features 894 seats across [&hellip;]
- [Ashoka Buildcon has Won Three Contracts Worth ₹1737.8 Crore from the Mumbai Metropolitan Region Development Authority](https://angelnews.in/ashoka-buildcon-has-won-three-contracts-worth-%e2%82%b91737-8-crore-from-the-mumbai-metropolitan-region-development-authority/): The Mumbai Metropolitan Region Development Authority (MMRDA) has awarded several contracts to Ashoka Buildcon, a domestic entity. One notable project involves the design and construction of an elevated road from Kalyan-Murbad Road (near Palms Water Resort) to Badlapur Road (near Jagdish Dughdhalaya), extending to the Pune Link Road alongside the Waldhuni River Crossing over the Karjat-Kasara Railway Line, which includes a slip road. The execution timeline for this contract is set at 30 months, including the monsoon period, with an accepted contract value of ₹474.10 Crore plus applicable GST. Additionally, there are Requests for Proposals for the design and construction of [&hellip;]
- [Ashoka Buildcon Limited has Secured an Order Worth Rs. 474.10 Crore from the Mumbai Metropolitan Region Development Authority](https://angelnews.in/ashoka-buildcon-limited-has-secured-an-order-worth-rs-474-10-crore-from-the-mumbai-metropolitan-region-development-authority/): Ashoka Buildcon Limited has been awarded a contract by the Mumbai Metropolitan Region Development Authority (MMRDA) for Engineering, Procurement, and Construction (EPC) work. This domestic contract involves the design and construction of an elevated road extending from Kalyan-Murbad Road (Palms Water Resort) to Badlapur Road (Jagdish Dughdhalaya) and connecting to the Pune Link Road, running parallel to the Waldhuni River and crossing over the Karjat-Kasara railway line, which includes a slip road. The project is set to be executed within a timeframe of 30 months, accounting for the monsoon period, with a total contract value of Rs. 474.10 crore, plus applicable [&hellip;]
- [Estorifi Solutions, a Subsidiary of Veefin Solutions, has Acquired a 26% Stake in Regime Tax Solutions for ₹32.48 Crores](https://angelnews.in/estorifi-solutions-a-subsidiary-of-veefin-solutions-has-acquired-a-26-stake-in-regime-tax-solutions-for-%e2%82%b932-48-crores/): Estorifi Solutions, a subsidiary of Veefin Solutions, has acquired a 26% stake in Tax Genie for ₹32.48 crores through an equity share swap, securing 51% management control. This acquisition is not considered a related party transaction, as the promoters and group companies have no vested interest in the entity. The primary objectives of this acquisition are to enhance revenue and efficiency by integrating software offerings and strengthening client relationships. No governmental or regulatory approvals are needed for this transaction, and the acquisition is set to benefit both parties in their respective markets. Regime Tax Solutions Private Limited, also known as Tax [&hellip;]
- [Hero MotoCorp Sold 637050 Motorcycles and Scooters in September 2024](https://angelnews.in/hero-motocorp-sold-637050-motorcycles-and-scooters-in-september-2024/): Hero MotoCorp sold 637,050 units in September 2024. Year-to-date (YTD) sales for FY’25 (April-September 2024) reached 3,054,840 units, reflecting a 10% increase compared to the same period last year (April-September 2023). The company continues to see strong demand across its 100cc, 125cc, and premium segments. In addition, Hero MotoCorp has been expanding its global presence, achieving an impressive 30% growth in YTD sales. With the festive season approaching and following a favorable monsoon, the industry is experiencing positive sentiment. Hero MotoCorp is prepared with various customer offers across its extensive and appealing product lineup, anticipating robust growth during the 32-day period [&hellip;]
- [Rathi Steel and Power Limited Plans to Invest Up to Rs. 50 Crores in a Forward Integration Project at its Ghaziabad facility](https://angelnews.in/rathi-steel-and-power-limited-plans-to-invest-up-to-rs-50-crores-in-a-forward-integration-project-at-its-ghaziabad-facility/): Rathi Steel and Power Limited, a prominent manufacturer of stainless steel long products, has announced its intention to invest up to Rs. 50 crores in a forward integration project at its current facility in Ghaziabad. This initiative will focus on converting wire rods into downstream products such as bright bars and wires. This project is a strategic initiative aimed at improving capacity utilization by utilizing a portion of the company’s existing in-house production. It will also allow Rathi Steel to broaden its supply reach to sectors such as automotive (including EVs and batteries), defense, solar energy, engineering, and household products, either [&hellip;]
- [Zen Technologies has Secured an Annual Maintenance Contract Valued at ₹46 Crores From the Ministry of Defence](https://angelnews.in/zen-technologies-has-secured-an-annual-maintenance-contract-valued-at-%e2%82%b946-crores-from-the-ministry-of-defence/): Zen Technologies Limited has signed an Annual Maintenance Contract (AMC) valued at ₹46 crores (including 18% GST) with the Ministry of Defence for the maintenance of its simulators. This five-year contract ensures ongoing support for the simulators designed and developed by Zen. The AMC reinforces Zen&#8217;s partnership with the Ministry of Defence and reflects the Ministry&#8217;s confidence in the company&#8217;s advanced defence solutions. It demonstrates Zen&#8217;s capability to address the complex operational needs of India’s defence forces through innovative simulator technology. &nbsp;
- [NCC Limited Secured Orders Worth ₹2327 Crores in September 2024](https://angelnews.in/ncc-limited-secured-orders-worth-%e2%82%b92327-crores-in-september-2024/): NCC Limited received orders totaling ₹2,327 crores (excluding GST) in September 2024. Of these, ₹1,417 crores are from the Transportation Division, ₹520 crores from the Electrical Division, and ₹390 crores from the Building Division. These orders were placed by state government agencies and private companies, and do not include any internal orders.
- [Krsnaa Diagnostics and Medikabazaar Forge a ₹300+ Crore Partnership to Transform Advanced Diagnostics in India](https://angelnews.in/krsnaa-diagnostics-and-medikabazaar-forge-a-%e2%82%b9300-crore-partnership-to-transform-advanced-diagnostics-in-india/): In a significant move to reshape diagnostics in India, Krsnaa Diagnostics Limited has teamed up with Medikabazaar and United Imaging in a partnership valued at over ₹300 Crore. This collaboration aims to establish more than 30 advanced imaging centers in Tier-2 and Tier-3 cities, combining cutting-edge technology with healthcare expertise. As one of the largest partnerships in the Indian diagnostics sector, it leverages Krsnaa’s extensive reach and reputation for quality care. United Imaging’s advanced imaging solutions, along with Medikabazaar’s strategic financing, underscore the alliance’s importance in enhancing patient care and accessibility, particularly in underserved areas. This initiative aims to bridge the [&hellip;]
- [Tata Steel to Close Blast Furnace 4 at Port Talbot, Plans £1.25 Billion Electric Arc Furnace Investment in UK](https://angelnews.in/tata-steel-to-close-blast-furnace-4-at-port-talbot-plans-1-25-billion-electric-arc-furnace-investment-in-uk/): Tata Steel is shutting down Blast Furnace 4 and other related iron and steelmaking facilities at Port Talbot, the largest steel plant in the UK, marking the end of iron production at the site. Many of the existing heavy-end assets, including blast furnaces and coke ovens, have reached the end of their operational lifespan. Maintaining the current setup or investing further in traditional heavy-end processes is no longer economically or environmentally sustainable. Following the earlier closures of the deep-water harbor, Morfa Coke Ovens, Blast Furnace 5, and Continuous Caster 2, Tata Steel has completed the shutdown of the Sinter Plant, Blast [&hellip;]
- [NHPC Limited signed MoU with the Rajasthan Government to Invest ₹50,000 Crores in Pumped Storage and Renewable Energy Projects](https://angelnews.in/nhpc-limited-signed-mou-with-the-rajasthan-government-to-invest-%e2%82%b950000-crores-in-pumped-storage-and-renewable-energy-projects/): The agreement is made between NHPC Limited and the Department of Industries, Government of Rajasthan, aimed at developing Pumped Storage Projects, Renewable Energy initiatives (including Solar, Floating Solar, and Wind), and Battery Energy Storage Systems within the state. Specific projects are yet to be identified or allocated by the government. The key terms of the Memorandum of Understanding (MOU) indicate that NHPC Ltd. intends to invest approximately ₹50,000 crores for the development of these projects across various locations in Rajasthan. In return, the Government of Rajasthan will facilitate the acquisition of necessary permissions and clearances from relevant departments, in accordance with [&hellip;]
- [NGEL Signs MoU with the Government of Rajasthan to Develop 25 GW of Renewable Energy Projects](https://angelnews.in/ngel-signs-mou-with-the-government-of-rajasthan-to-develop-25-gw-of-renewable-energy-projects/): During the Rising Rajasthan Investor Meet in New Delhi, NTPC Green Energy Limited (NGEL), a fully-owned subsidiary of NTPC Ltd, signed a Memorandum of Understanding (MoU) with the Government of Rajasthan on September 30, 2024. This agreement aims to develop 25 GW of renewable energy projects in the state. The MoU was signed by Shri K S Sundaram, Director (Projects) at NGEL, and Shri Alok (IAS), ACS (Energy), in the presence of the Hon’ble Chief Minister of Rajasthan. Senior officials from both the Government of Rajasthan and NGEL also attended the event.
- [Controp-Paras Technologies, an Associate of Paras Defence, has Received a Rs. 305 Crore Order from Larsen and Toubro](https://angelnews.in/controp-paras-technologies-an-associate-of-paras-defence-has-received-a-rs-305-crore-order-from-larsen-and-toubro/): Controp-Paras Technologies Private Limited, an associate company of Paras Defence and Space Technologies Limited, has secured an order from Larsen and Toubro Limited (“L&amp;T”) valued at around Rs. 305 Crores (excluding taxes). This order includes the manufacturing and supply of 244 units of the Sight – 25HD EO (Electro-Optics) System, as well as extended warranty charges and an Integrated Logistics Support (“ILS”) package for their CIWS program. The order should be executed within 47 months
- [Max Estates' Estate 360 in Gurugram Achieved INR 4100 Crore in Pre-Sales Within 30 Days of Launch](https://angelnews.in/max-estates-estate-360-in-gurugram-achieved-inr-4100-crore-in-pre-sales-within-30-days-of-launch/): Max Estates Limited, a top real estate developer in Delhi NCR, launched its first residential project, Estate 360, in Gurugram on August 27, 2024, after obtaining RERA registration on August 16, 2024 (RC/REP/HARERA/GGM/860/592/2024/87). In just 30 days, Estate 360 achieved pre-sales bookings of approximately INR 4,100 Crore, surpassing the company’s FY 25 target of INR 4,000 Crore. Collections have already reached around INR 400 Crore, prompting Max Estates to raise its guidance for the total Gross Development Value from INR 4,000 Crore to about INR 4,800 Crore. Sahil Vachani, MD &amp; Vice Chairman, expressed excitement over the community’s strong response, emphasizing [&hellip;]
- [Manaksia Coated Metals & Industries Limited Lands a ₹200 Crore European Contract, Signaling Major Global Growth](https://angelnews.in/manaksia-coated-metals-industries-limited-lands-a-%e2%82%b9200-crore-european-contract-signaling-major-global-growth/): In a major advancement for its global aspirations, Manaksia Coated Metals &amp; Industries Limited has secured a landmark contract worth USD 24 million (approximately ₹200 crore) with a prominent European client. The deal entails the supply of 20,000 metric tonnes of premium pre-painted steel coils, Alu Zinc coated steel coils, and galvanized steel products over the next year. This agreement has the potential to evolve into a recurring order, creating a steady revenue stream for MCMIL in the years to come. It will also enable the company to fully leverage the additional capacity anticipated from its Continuous Galvanizing Line (CGL) upgrades, [&hellip;]
- [Persistent Systems Enhances Data Privacy and AI-Driven Business Transformation Through the Acquisition of Arrka](https://angelnews.in/persistent-systems-enhances-data-privacy-and-ai-driven-business-transformation-through-the-acquisition-of-arrka/): Persistent Systems, a leader in Digital Engineering and Enterprise Modernization, has announced its plan to acquire Arrka, a Pune-based company known for its expertise in data privacy and AI governance. This strategic acquisition will enhance Persistent&#8217;s AI-driven services and strengthen its offerings in digital governance, including data privacy and cybersecurity. With Arrka&#8217;s capabilities, Persistent aims to support clients in their transformation journeys while ensuring ethical and compliant AI practices. As AI adoption rises, the demand for effective digital governance is becoming increasingly important. Persistent is addressing these opportunities through investments in innovative platforms like SASVA and recent acquisitions such as Starfish [&hellip;]
- [SJVN Limited Signs Two MOUs With Government of Maharashtra for Development of Pumped Storage Projects and Floating Solar Projects](https://angelnews.in/sjvn-limited-signs-two-mous-with-government-of-maharashtra-for-development-of-pumped-storage-projects-and-floating-solar-projects/): SJVN Limited, a Navratna CPSE, has signed two key Memorandums of Understanding (MoUs) with the Government of Maharashtra for the development of Pumped Storage Projects (PSPs) and Floating Solar Projects (FSPs). The agreements were formalized in Mumbai, attended by Hon&#8217;ble Deputy Chief Minister and Energy Minister Sh. Devendra Fadnavis. The first MoU involves the creation of five PSPs with a total capacity of 8,100 MW, signed by SJVN’s Chairman Sh. Sushil Sharma and Sh. Deepak Kapoor (IAS) from the Water Resources Department. The second MoU focuses on a 505 MW Floating Solar Project at Lower Wardha Dam, signed with MAHAGENCO’s CMD [&hellip;]
- [Genesys International has been Awarded Projects Worth Rs 35 Crore by NEOM and the Saudi Geological Survey](https://angelnews.in/genesys-international-has-been-awarded-projects-worth-rs-35-crore-by-neom-and-the-saudi-geological-survey/): Genesys International, a leading player in mapping technology, has secured two significant awards from NEOM Ltd and the Saudi Geological Survey Authority, collectively valued at Rs 35 crores. These projects highlight the growing role of geospatial technology in Saudi Arabia&#8217;s infrastructure development. NEOM, a 26,500 square kilometer urban project, will see Genesys work with its Land Affairs Compliance and Enforcement division to ensure accurate mapping and land use compliance across areas like Oxagon and The Line. Meanwhile, the Saudi Geological Survey project focuses on developing a Spatial Information System to manage geological risks in the Makkah and Riyadh regions. Mr. Sajid [&hellip;]
- [GACM Technologies Limited has Signed an MOU with Tesync Technology Private Limited](https://angelnews.in/gacm-technologies-limited-has-signed-an-mou-with-tesync-technology-private-limited/): GACM Technologies Limited has signed a Memorandum of Understanding (MoU) with Tesync Technology Private Limited, establishing a strategic partnership valued at ₹150 million. This collaboration aims to jointly develop IT and ITES services, as well as SMS/Voice/Data application solutions and gateway services. The agreement reflects both companies&#8217; commitment to enhancing their service portfolios and leveraging their combined expertise to create high-value software solutions. With a focus on value creation, the partnership is set to open new revenue streams and drive technical innovation. The MoU will remain in effect until September 30, 2027, supporting a long-term relationship that aligns with GACM Technologies’ [&hellip;]
- [Bondada Engineering Limited has been Awarded a Work Order Worth Rs. 467.9 Crore from KPI Green Energy Limited](https://angelnews.in/bondada-engineering-limited-has-been-awarded-a-work-order-worth-rs-467-9-crore-from-kpi-green-energy-limited/): KPI Green Energy Limited has awarded a significant work order to Bondada Engineering Limited for the supply of materials for a solar power generation plant with a capacity of 130 MWp/100 MWac, along with the installation services for the same plant. This order, valued at Rs. 467,99,99,965/- (Four Hundred Sixty-Seven Crore Ninety-Nine Lakh Ninety-Nine Thousand Nine Hundred and Sixty-Five Only), including GST, is a domestic contract and is to be executed within 12 months from the date of receipt of the purchase order.
- [Infosys Partners with Sally Beauty to Enhance IT Efficiency of SBH Using Hyper-Automation](https://angelnews.in/infosys-partners-with-sally-beauty-to-enhance-it-efficiency-of-sbh-using-hyper-automation/): Infosys, a global leader in next-generation digital services and consulting, has announced a strategic partnership with Sally Beauty Holdings, Inc. (SBH), an international specialty beauty retailer and distributor of professional beauty supplies. This collaboration aims to drive enterprise-scale IT transformation, implementing best practices in IT operations to enhance efficiency through optimized service delivery. Scott Lindblom, CIO of Sally Beauty, expressed enthusiasm about the partnership, stating, &#8220;We are thrilled to work with Infosys as we modernize our IT service delivery in line with our &#8216;Fuel for Growth&#8217; initiative. Adopting AI-enhanced IT is a crucial step in enabling us to provide exceptional customer [&hellip;]
- [Ola Electric Introduces its ‘Network Partner Program,’ Bringing on Board More Than 600 Partners to Boost Electric Vehicle Adoption](https://angelnews.in/ola-electric-introduces-its-network-partner-program-bringing-on-board-more-than-600-partners-to-boost-electric-vehicle-adoption/): Ola Electric, India’s top pure-play EV company, has launched its ‘Network Partner Program’ to enhance electric vehicle adoption in tier-2 and tier-3 cities. The program has already onboarded 625 partners and aims to reach 1,000 by the festive season. Additionally, Ola plans to expand to 10,000 partners for sales and service by the end of 2025. This initiative allows for quicker scaling with minimal investment from partners, giving Ola a competitive edge over traditional dealerships. With nearly 800 company-owned stores, the program will boost its presence to around 1,800 touchpoints in time for the upcoming festive season. Ola Electric&#8217;s ‘Network Partner [&hellip;]
- [Marsons Limited has Received a Letter of Intent from NACOF OORJA to Develop a 150 MW (AC) Solar Power Plant](https://angelnews.in/marsons-limited-has-received-a-letter-of-intent-from-nacof-oorja-to-develop-a-150-mw-ac-solar-power-plant/): Marsons Limited has received a Letter of Intent from NACOF OORJA to develop a 150 MW (AC) grid-interactive ground-mounted solar PV power generation plant. This project, which includes multiple units located throughout Rajasthan, is being carried out for RRECL under the KUSUM Scheme, designed to supply daytime power to agricultural consumers. Marsons Limited  will execute this project in technical collaboration with Aditya Clean Systems (P) Ltd., which will provide technical support. The total order value for the project is estimated to be approximately Rs. 675 crores (inclusive of taxes and duties), with an execution timeline of twelve to eighteen months.
- [Aditya Birla Capital Limited has Invested ₹499.99 Crore in the Equity Shares of Aditya Birla Finance Limited via Rights Issue](https://angelnews.in/aditya-birla-capital-limited-has-invested-%e2%82%b9499-99-crore-in-the-equity-shares-of-aditya-birla-finance-limited-via-rights-issue/): Aditya Birla Finance Limited (ABFL) is a significant wholly owned subsidiary of Aditya Birla Capital Limited (ABCL). As a related party, ABFL&#8217;s acquisition involves an arm&#8217;s length transaction since ABCL serves as its holding company and promoter. Operating in the Financial Services sector as an Upper Layer Non-Banking Financial Company (NBFC), ABCL is investing in ABFL to support its growth and funding needs while enhancing its leverage ratio. No governmental or regulatory approvals are required for this acquisition, which is expected to be completed with the allotment of equity shares on September 26, 2024, involving cash consideration. The total cost of [&hellip;]
- [Power Mech Projects has Received an Order Worth ₹226.66 Crores From Gujarat Mineral Development Corporation](https://angelnews.in/power-mech-projects-has-received-an-order-worth-%e2%82%b9226-66-crores-from-gujarat-mineral-development-corporation/): Power Mech Projects Limited has been awarded an order by the Gujarat Mineral Development Corporation Limited, a Government of Gujarat enterprise, valued at ₹ 226.66 crores (excluding GST). This contract involves comprehensive operations and maintenance (O&amp;M) services for the 250 (2X125) MW Akrimota Thermal Power Station, including the operation, maintenance, and repair of all associated equipment and the transition to the 220KV switchyard. The execution period is set for 3 years, tentatively starting from December 16, 2024. This order has been awarded by a domestic entity, and there is no interest from promoters or related parties in this transaction, ensuring that [&hellip;]
- [Cressanda Retail Solutions, a Subsidiary of Cressanda Railway, has Partnered with Bharatiyam Distribution for the Distribution of CAMPA](https://angelnews.in/cressanda-retail-solutions-a-subsidiary-of-cressanda-railway-has-partnered-with-bharatiyam-distribution-for-the-distribution-of-campa/): Cressanda Railway Solutions’ subsidiary, Cressanda Retail Solutions Private Limited, has established an exclusive distributorship with Bharatiyam Distribution Pvt. Ltd. for selling CAMPA and related products in the Northern Zone of Indian Railways. This partnership aims to efficiently reach every part of India&#8217;s extensive railway network and enhance CRSPL’s distribution capabilities. Bharatiyam Distribution is the distribution arm of Bhartiyam Beverages, which manufactures CAMPA products for Reliance Consumer Products in northern India. The distributorship covers five major railway divisions, spanning key states and encompassing 141 stations over 6,807 kilometers, including the UNESCO-listed Kalka-Shimla line. With over 1,926 trains serving 2.2 million passengers daily, [&hellip;]
- [Linc Limited's Board of Directors has Approved the Joint Venture Agreement with SILKA to Manufacture Writing Instruments in Turkiye](https://angelnews.in/linc-limiteds-board-of-directors-has-approved-the-joint-venture-agreement-with-silka-to-manufacture-writing-instruments-in-turkiye/): Linc Limited (LINC) and Silka Kirtasiye Imalat Sanayi Ve Ticaret Limited Sirketi (SILKA) have entered into a Joint Venture Agreement to manufacture writing instruments in Turkey and distribute them in Turkey and nearby countries. The initial capital for the proposed joint venture, Silka Linc Imalat Anonim Sirketi, will be USD 1 million, with each party holding a 50% share. Key terms of the agreement stipulate that both LINC and SILKA can appoint two directors each, with LINC nominating the Chairman and SILKA nominating the Managing Director. Certain decisions will require the affirmative vote of both parties at shareholder meetings, and LINC [&hellip;]
- [Linc Limited Board of Directors has Approved the Joint Venture Agreement with Mitsubishi Pencil Company](https://angelnews.in/linc-limited-board-of-directors-has-approved-the-joint-venture-agreement-with-mitsubishi-pencil-company/): Linc Limited (LINC), Mitsubishi Pencil Company Limited (MITSUBISHI), and Uni Linc Private Limited (proposed Joint Venture Company) have entered into a Joint Venture Agreement to manufacture and sell high-quality, affordable writing instruments tailored for Indian consumers. The initial paid-up capital for the company will be INR 200,000,000, divided into 20,000,000 Equity Shares, with MITSUBISHI holding 51% and LINC holding 49%. Significant terms of the agreement include MITSUBISHI nominating two Directors and LINC nominating one, with the LINC-nominated Director serving as Chairman and one of the MITSUBISHI Directors as Managing Director. Certain decisions will require the affirmative vote of both parties at [&hellip;]
- [EaseMyTrip has Entered into an Exclusive Agreement with PhonePe to Launch its Hotels Segment on the Platform](https://angelnews.in/easemytrip-has-entered-into-an-exclusive-agreement-with-phonepe-to-launch-its-hotels-segment-on-the-platform/): EaseMyTrip.com has partnered exclusively with PhonePe to launch its Hotels segment, enhancing user access to millions of domestic and international hotels. This collaboration aims to provide PhonePe users with unique hotel deals and special offers, marking a significant step in travel accessibility. EaseMyTrip plans to expand its offerings on PhonePe by introducing activities and cab bookings, creating a comprehensive travel experience. The user-friendly Hotels platform is known for competitive pricing and flexible booking options, including free cancellations, all of which will now be available to PhonePe users. Rikant Pittie, Co-Founder of EaseMyTrip, expressed excitement about the partnership, highlighting its potential to [&hellip;]
- [Intellect Digital Technology for Commerce (iDTC) has Launched eMACH.ai Retail 6DX for the Middle East market](https://angelnews.in/intellect-digital-technology-for-commerce-idtc-has-launched-emach-ai-retail-6dx-for-the-middle-east-market/): Intellect Digital Technology for Commerce (iDTC) has launched eMACH.ai Retail 6DX in the Middle East. This AI-driven in-store retail platform features flexible architecture for easy integration with third-party applications, enhancing experiences in various retail formats. With 23 events, 13 microservices, and 55 cloud APIs, it delivers exceptional performance and boosts returns for retailers, all while providing a seamless shopping journey. eMACH.ai Retail 6DX utilizes advanced AI to transform in-store operations, enabling retailers to anticipate customer needs, optimize inventory, and personalize promotions. Its predictive analytics provide real-time insights, streamline supply chains, and enhance decision-making. As the Middle East embraces digital transformation and [&hellip;]
- [Telangana Chief Minister Revanth Reddy has Inaugurated the BFSI Skill Development Program and the EQUIPPP Skill Portal](https://angelnews.in/telangana-chief-minister-revanth-reddy-has-inaugurated-the-bfsi-skill-development-program-and-the-equippp-skill-portal/): In a pivotal initiative to enhance employment in the BFSI sector, Honorable Chief Minister of Telangana, Shri Revanth Reddy Garu, launched the BFSI Skill Development Program as a minor degree in local colleges, along with the EQUIPPP Skill Portal for outcome tracking. The event at JNAFAU Auditorium was attended by government officials, industry leaders, and academics. Designed by industry professionals, the program aims to bridge skill gaps in Banking, Financial Services, and Insurance (BFSI) Global Capacity Centers (GCCs) in response to the growing demand from companies like HSBC and JP Morgan in Hyderabad. The Chief Minister emphasized that the program will [&hellip;]
- [Zaggle Prepaid Ocean Services Limited's Board Approved Acquiring a 98.32% Stake in Span Across IT Solutions Private Limited](https://angelnews.in/zaggle-prepaid-ocean-services-limiteds-board-approved-acquiring-a-98-32-stake-in-span-across-it-solutions-private-limited/): The Board of Directors of Zaggle Prepaid Ocean Services Limited approved the acquisition of 1,066,314 equity shares of Span Across IT Solutions Private Limited  with a face value of Rs. 10 each at a price of Rs. 300.80 per share (including a premium of Rs. 290.80 per share). This acquisition represents a 98.32% stake in Span Across IT Solutions Private Limited (Span Across), which will consequently become a subsidiary of the Company. Span Across IT Solutions Private Limited (Span Across) has an authorized share capital of ₹2,00,00,000, divided into 20,00,000 equity shares of ₹10 each, with a paid-up capital of the [&hellip;]
- [Coromandel International Raises Its Stake in Senegal based Rock Phosphate Mining Company BMCC to 53.8%](https://angelnews.in/coromandel-international-raises-its-stake-in-senegal-based-rock-phosphate-mining-company-bmcc-to-53-8/): Coromandel International Limited, a leading agri-solutions company in India, has announced the acquisition of an additional equity stake in Baobab Mining and Chemicals Corporation (BMCC) in Senegal through its wholly-owned subsidiary, Coromandel Chemicals Limited. This move involves acquiring an extra 8.82% equity stake in BMCC, raising Coromandel&#8217;s total ownership to 53.8%. The company will invest USD 3.84 million (INR 32 crores) in BMCC, along with a loan infusion of USD 6.5 million (INR 54 crores) to support expansion projects and working capital needs. Rock phosphate is essential for producing phosphoric acid, a key intermediate in phosphatic fertilizer manufacturing. BMCC, established in [&hellip;]
- [Zen Technologies Launches Innovative Remote-Controlled Weapons and Surveillance Systems to Boost India's Defense](https://angelnews.in/zen-technologies-launches-innovative-remote-controlled-weapons-and-surveillance-systems-to-boost-indias-defense/): On September 25, 2024, Zen Technologies unveiled four innovative remote-controlled weapon and surveillance systems, developed in partnership with its subsidiary, AI Turing Technologies. These advanced systems are designed to enhance India’s defense capabilities and modernize warfare strategies. The newly launched products include the RCWS &#8211; 7.62 x 51 MMG (Parashu), featuring advanced thermal imaging and anti-drone capabilities, ideal for rapid-response missions and counter-UAV operations across vehicles and ships. The Tank Mounted RCWS &#8211; 12.7 x 108 HMG (Fanish) is engineered for tanks like the T-72 and T-90, significantly boosting firepower with a sophisticated thermal targeting system for precision in extreme conditions. [&hellip;]
- [Airtel Introduces India’s First AI-Driven Network Solution for Detecting SPAM](https://angelnews.in/airtel-introduces-indias-first-ai-driven-network-solution-for-detecting-spam/): Bharti Airtel has launched the country’s first AI-powered, network-based spam detection solution. This innovative tool aims to effectively tackle the problem of spam calls and messages for Airtel customers. As a unique offering from a telecom service provider in India, the solution will notify users in real-time about suspected spam calls and SMS messages. Best of all, it’s free and will be automatically activated for all Airtel customers without the need for a service request or app download. Airtel&#8217;s in-house developed AI solution uses a proprietary algorithm to identify and classify calls and SMS messages as &#8220;Suspected SPAM.&#8221; It analyzes real-time [&hellip;]
- [Birlasoft Secures AWS Competency Status in Manufacturing and Industrial Consulting](https://angelnews.in/birlasoft-secures-aws-competency-status-in-manufacturing-and-industrial-consulting/): Birlasoft Ltd has received the Amazon Web Services (AWS) Manufacturing and Industrial Consulting Competency status. As a member of the $3 billion CK Birla Group, which employs over 35,000 people and operates 52 manufacturing facilities worldwide, Birlasoft stands out as an AWS Advanced Tier Services Partner. Birlasoft provides a wide range of digital transformation and IT solutions tailored for manufacturing sectors such as Automotive, Industrial, and Hi-Tech. Utilizing its AWS capabilities, the company offers leading industrial automation and manufacturing software solutions, along with a variety of cloud services to prepare the industry for the future. Committed to sustainability and operational excellence, [&hellip;]
- [Princeton Digital Group is set to Establish its Largest Data Center Campus in India at the Mindspace REIT Business Park in Airoli West](https://angelnews.in/princeton-digital-group-is-set-to-establish-its-largest-data-center-campus-in-india-at-the-mindspace-reit-business-park-in-airoli-west/): Mindspace Business Parks REIT has formed a strategic partnership with Princeton Digital Group (PDG), a global leader in data center operations, to develop PDG&#8217;s largest data center campus in India at Mindspace Airoli West. Under this agreement, Mindspace REIT will construct three additional state-of-the-art, custom-built data centers, adding 1 million square feet to its portfolio. The REIT has already completed two data centers for PDG, totaling approximately 0.63 million square feet. Once finished, the Business Park will encompass five advanced data center buildings, bringing the total data center footprint within the Mindspace REIT portfolio to about 1.65 million square feet. This [&hellip;]
- [Ceinsys Tech Ltd Raised ₹235 Crore Through a Preferential Allotment of Equity Shares and Warrants for Inorganic Expansion](https://angelnews.in/ceinsys-tech-ltd-raised-%e2%82%b9235-crore-through-a-preferential-allotment-of-equity-shares-and-warrants-for-inorganic-expansion/): Ceinsys Tech, Ltd. (BSE CODE: 538734) has successfully issued equity shares and share warrants through a preferential allotment to raise ₹235 crore (approximately $28 million). This initiative will facilitate the company’s expansion through inorganic growth opportunities and enhance its international presence by broadening its service offerings abroad. The company has already taken steps in this direction by recently acquiring the business assets of the U.S.-based geospatial firm VTS. In addition to this investment in the U.S., it has expanded its presence in the Asia Pacific region by establishing a wholly owned subsidiary to enhance technology enablement services that will be offered [&hellip;]
- [Sterling and Wilson Renewable Energy has Announced New Domestic Orders Amounting to INR 512 Crore](https://angelnews.in/sterling-and-wilson-renewable-energy-has-announced-new-domestic-orders-amounting-to-inr-512-crore/): Sterling and Wilson Renewable Energy Limited, a prominent player in the domestic renewable EPC sector, is announces the receipt of two new domestic orders from private independent power producers (IPPs), totaling approximately INR 512 crore. The company secured an order for the Engineering, Procurement, and Construction (EPC) of a 200 MW AC / 250 MWp DC photovoltaic (PV) plant for a project in Gujarat, India. Additionally, it received a Letter of Award (LOA) for the EPC of a 50 MW AC / 65 MWp DC PV plant in Maharashtra, India. Commenting on these wins, Mr. Amit Jain, Global CEO of Sterling [&hellip;]
- [Revolt Motors’ New RV1 Electric Motorcycle has Seen a Remarkable 16000 Bookings in its First Week of its Launch](https://angelnews.in/revolt-motors-new-rv1-electric-motorcycle-has-seen-a-remarkable-16000-bookings-in-its-first-week-of-its-launch/): Revolt Motors, India’s leading electric motorcycle company, is thrilled with the success of its newly launched RV1 and RV1+ models, which have garnered over 16,000 bookings in just the first week. This incredible demand demonstrates the widespread acceptance and enthusiasm for India’s first commuter electric motorcycle, establishing the RV1 as a transformative addition to the country’s two-wheeler market. Launched on September 17, 2024, by Hon’ble Nitin Gadkari, Minister of Road Transport &amp; Highways, the RV1 is priced at ₹84,990, while the premium RV1+ is available for ₹99,990. Commenting on the remarkable response, Mrs. Anjali Rattan, Chairperson of RattanIndia Enterprises Limited, said, [&hellip;]
- [RRVUNL and Coal India Limited Signs Joint Venture Agreement (JVA) for Setting Up 2x800 MW Brownfield Thermal Power Project](https://angelnews.in/rrvunl-and-coal-india-limited-signs-joint-venture-agreement-jva-for-setting-up-2x800-mw-brownfield-thermal-power-project/): Coal India Limited and RRVUNL have entered into a Joint Venture Agreement to establish a 2&#215;800 MW Brownfield Thermal Power Project at RRVUNL&#8217;s existing Kalisindh Thermal Power Station, while also exploring additional thermal power projects, including renewable energy initiatives. The shareholding structure will consist of CIL holding 74% and RRVUNL holding 26% in the joint venture. The Joint Venture Company will be incorporated as a Private Limited Company with an initial paid-up capital of INR 10,00,000 (Ten Lakh) and an authorized capital of INR 10,00,00,000 (Ten Crores), comprising 1,00,00,000 equity shares at Rs. 10 each. Its registered office will be located [&hellip;]
- [Bank of Baroda has Partnered with EaseMyTrip to Introduce Co-branded Bank of Baroda EaseMyTrip Travel Debit Card](https://angelnews.in/bank-of-baroda-has-partnered-with-easemytrip-to-introduce-co-branded-bank-of-baroda-easemytrip-travel-debit-card/): Bank of Baroda has teamed up with EaseMyTrip to launch the Bank of Baroda EaseMyTrip Co-branded Travel Debit Card, the first of its kind from a public sector bank. Designed for frequent travelers and lifestyle enthusiasts, the card offers discounts on travel and hotel bookings, free annual memberships to OTT platforms, and vouchers for e-commerce sites. There’s no minimum order value for travel bookings, and benefits are available year-round, making it easy for cardholders to access savings anytime. The Bank of Baroda EaseMyTrip Debit Card offers an array of exciting features and benefits designed for frequent travelers and lifestyle enthusiasts. Cardholders [&hellip;]
- [ITCONS E-Solutions Limited has Secured a New Order Valued at INR 45 Crore from Proteam Advisory Solutions](https://angelnews.in/itcons-e-solutions-limited-has-secured-a-new-order-valued-at-inr-45-crore-from-proteam-advisory-solutions/): ITCONS E-Solutions Limited has secured a new order from Proteam Advisory Solutions LLP to provide technical services, including AD/Inventory Analysis, Data Cleansing and Preparation, Server Template Pre-Population, Server Analysis (including Optimization), ELP Format Creation, Dashboard/Report Preparation, SAM/AMS Install Analysis Report, End-of-Life Analysis, AMS Service Administration, Ad-Hoc Work, and Entitlement Analysis. This three-year contract has a total value of INR 45,00,00,000 (Rupees Forty-Five Crore) with a monthly billing amount of INR 1,25,00,000 (Rupees One Crore Twenty-Five Lakh).
- [SpiceJet Raised INR 3000 Crore via a Recent Qualified Institutional Placement (QIP) to Enhance Fleet Expansion and Growth](https://angelnews.in/spicejet-raised-inr-3000-crore-via-a-recent-qualified-institutional-placement-qip-to-enhance-fleet-expansion-and-growth/): SpiceJet has successfully raised INR 3,000 crore through its recently completed Qualified Institutional Placement (QIP), which was significantly oversubscribed by investors. The QIP, which ran from September 16 to September 18, garnered an enthusiastic response from qualified investors, reflecting strong confidence in the company’s growth potential. The placement attracted a diverse range of top-tier institutional investors and mutual funds, reinforcing the market’s belief in SpiceJet’s capability to overcome industry challenges and capitalize on the increasing demand in the aviation sector. Notable global investors, including Goldman Sachs (Singapore), Morgan Stanley Asia, BNP Paribas Financial Markets ODI, Nomura Singapore Limited ODI, Tata Mutual [&hellip;]
- [PSP Projects Limited has Received INR 554.92 Crores Work Orders](https://angelnews.in/psp-projects-limited-has-received-inr-554-92-crores-work-orders/): PSP Projects Limited has received a total of INR 554.92 Crores in work orders. This portfolio includes the construction of the Gold Stone Hotel and Commercial Towers in Bangalore, valued at INR 389.29 Crores, with completion timelines of 22 and 16 months, respectively. Additionally, the company is undertaking a project for Residential Towers in Ahmedabad, which is valued at INR 165.04 Crores and is expected to be completed in 24 months. All figures are excluding GST. With the receipt of these new orders, the total order inflow for the financial year 2024-25 to date has reached INR 1,444.91 Crores.
- [DOMS has Acquired a 51.77% Stake in Uniclan Healthcare, Allowing it to Expand its Market Reach and Distribution Network](https://angelnews.in/doms-has-acquired-a-51-77-stake-in-uniclan-healthcare-allowing-it-to-expand-its-market-reach-and-distribution-network/): DOMS Industries Limited (“DOMS”), a leading stationery and art materials brand in India, has successfully completed a strategic investment to acquire a 51.77% equity stake in Uniclan Healthcare Private Limited (“Uniclan”), a company that specializes in baby diapers, wipes, and other hygiene products. With this acquisition, Uniclan becomes a subsidiary of DOMS. As part of the deal, DOMS has purchased 7,116,080 equity shares for a total of ₹54.88 crore, including ₹28.88 crore designated as primary infusion. This funding will support Uniclan&#8217;s capacity expansion, debt repayment, and working capital needs. The acquisition enables DOMS to expand its product range and diversify its [&hellip;]
- [One Point One Solutions Limited has Secured a Significant Contract with a Prominent Swedish Company](https://angelnews.in/one-point-one-solutions-limited-has-secured-a-significant-contract-with-a-prominent-swedish-company/): One Point One Solutions Ltd announces a significant contract win with a leading publicly listed Swedish company. This partnership highlights the company’s expanding footprint in the global market and reinforces its commitment to delivering high-quality technology solutions. The client, with a substantial international presence in Sweden, India, and the United States, has chosen One Point One Solutions for its extensive technological expertise and has entrusted it with three major development projects. Key initiatives include the Customer Specification Application (CSA), designed to streamline ticket management and enhance interdepartmental communication; a Payroll Management Platform that ensures secure data handling and efficient payroll processing; [&hellip;]
- [Digikore Studios Limited Signs Contract with Viacom18 Media Private Limited to Host 58 Branded Content Episodes on Jio Cinema](https://angelnews.in/digikore-studios-limited-signs-contract-with-viacom18-media-private-limited-to-host-58-branded-content-episodes-on-jio-cinema/): Digikore Studios Limited announces a significant milestone in its journey with the recent signing of a contract with Viacom18 Media Private Limited to produce 58 episodes of “Branded Content” for Jio Cinema. This agreement represents a crucial step in the company’s expansion into Branded Content, showcasing its commitment to delivering engaging programming to millions of viewers on Jio Cinema and various other OTT platforms worldwide. The contract is projected to generate approximately Rs. 30 crores in revenue by the end of FY25, contributing to Digikore&#8217;s revised target of Rs. 70 crores for the same period. Importantly, Digikore Studios will retain the [&hellip;]
- [Inox Wind has Secured a ₹2200 Crore Facility Through a Consortium of 10 Banks, Led by ICICI Bank](https://angelnews.in/inox-wind-has-secured-a-%e2%82%b92200-crore-facility-through-a-consortium-of-10-banks-led-by-icici-bank/): Inox Wind Limited (IWL), India’s leading provider of wind energy solutions, announced today that it has entered into a consortium agreement with a group of banks led by ICICI Bank, securing limits of approximately Rs 2,200 crores. This limit is expected to increase to around Rs 2,400 crores based on a working capital assessment by ICICI Bank. The majority of these limits are non-fund based, consisting of bank guarantees (BGs) and letters of credit (LCs). The approval was granted based on the financial strength of IWL’s balance sheet, without requiring any corporate guarantees or support from Gujarat Fluorochemicals Ltd. (GFL). IWL’s [&hellip;]
- [International Conveyors Limited has Acquired 96996 Equity Shares of Sterling and Wilson Renewable Energy Ltd](https://angelnews.in/international-conveyors-limited-has-acquired-96996-equity-shares-of-sterling-and-wilson-renewable-energy-ltd/): International Conveyors Limited has acquired 96,996 equity shares of Sterling and Wilson Renewable Energy Ltd., which had a turnover of ₹3,035.37 Cr. in the last audited financials for FY 2023-24. Sterling &amp; Wilson Renewable Energy is an end-to-end solar EPC solutions provider, offering services from concept to commissioning with an asset-light business model, specializing in utility-scale solar, floating solar, hybrid systems, and energy storage solutions. Over the past three financial years, its turnover was ₹3,035.37 Cr. in FY 23-24, ₹2,015.01 Cr. in FY 22-23, and ₹5,198.94 Cr. in FY 21-22. The company operates in India, and the acquisition does not involve [&hellip;]
- [Tata Steel has Launched the Largest Blast Furnace in India at Kalinganagar, To Increase Capacity With Further Investment of ₹27,000 Crore](https://angelnews.in/tata-steel-has-launched-the-largest-blast-furnace-in-india-at-kalinganagar-with-a-total-investment-of-%e2%82%b927000-crore/): Tata Steel has successfully commissioned India’s largest blast furnace at Kalinganagar, Odisha. This Phase II expansion, involving a total investment of ₹27,000 crore, will increase the site&#8217;s capacity from 3 million tonnes per annum (MTPA) to 8 MTPA. The new facility was inaugurated by T. V. Narendran, CEO and Managing Director of Tata Steel, along with senior company leaders. The new blast furnace will significantly enhance Tata Steel&#8217;s production capabilities, helping meet the growing demands of sectors like automotive, infrastructure, and defense. With the Phase II expansion, Odisha has become Tata Steel&#8217;s largest investment hub in India, with over ₹100,000 crore [&hellip;]
- [Interarch Building Products Limited has Obtained New Orders Totaling INR 634 Crore](https://angelnews.in/interarch-building-products-limited-has-obtained-new-orders-totaling-inr-634-crore/): Interarch Building Products Limited, a leading player in the Pre-Engineered Building (PEB) industry, has secured new orders worth INR 633.5 crore for the current financial year. In the first quarter, the company obtained orders totaling INR 341 crore, while for Q2 FY25, as of September 14, 2024, it added orders valued at INR 293 crore, bringing the total order book to INR 1,350 crore. Key orders from Q1 include significant contracts with Reliance Industries (INR 114 crore) and Ampin Solar (INR 60 crore), among others. For Q2, notable orders include contracts with Amaraja Infra (INR 50 crore) and Ashok Leyland (INR [&hellip;]
- [AU Small Finance Bank has Partnered with Niva Bupa Health Insurance to offer Health Insurance Products to its Customers](https://angelnews.in/au-small-finance-bank-has-partnered-with-niva-bupa-health-insurance-to-offer-health-insurance-products-to-its-customers/): AU Small Finance Bank (“AU SFB”), India’s largest small finance bank, has announced a partnership with Niva Bupa Health Insurance Company Limited (“Niva Bupa”) to offer health insurance products to its customers. This collaboration builds on Niva Bupa&#8217;s prior relationship with Fincare Small Finance Bank (now merged with AU SFB) and introduces an enhanced business proposition to improve customer offerings. Through this partnership, both new and existing customers of AU SFB, including those from former Fincare SFB branches, will gain access to Niva Bupa&#8217;s extensive range of retail and group health insurance products, covering health, personal accident, and critical illness plans [&hellip;]
- [Cinerad Communications Limited has Entered into MOU for Acquiring 10.51% Stake of CRG Solutions Private Limited](https://angelnews.in/cinerad-communications-limited-has-entered-into-mou-for-acquiring-10-51-stake-of-crg-solutions-private-limited/): Cinerad Communications Limited has signed a Memorandum of Understanding to acquire a 10.51% stake in CRG Solutions Private Limited, contingent upon the completion of due diligence, execution of a share purchase agreement, and fulfillment of any associated conditions. CRG Solutions Private Limited established in 2001 and registered under the Companies Act, 1956, operates from Pune. It is a Business Performance Improvement firm specializing in guiding organizations through their data-to-insights journey, leveraging advanced analytics technologies like Tableau and Alteryx. As one of Tableau’s long-standing Gold Partners, CRG excels in visual analytics and comprehensive data management, including predictive and prescriptive analytics. For the [&hellip;]
- [Dev Information Technology has Received Order from RajCOMP Info Services for the Development of Online Portal for RERA 2.0 in Rajasthan](https://angelnews.in/dev-information-technology-has-received-order-from-rajcomp-info-services-for-the-development-of-online-portal-for-rera-2-0-in-rajasthan/): Dev Information Technology Ltd (DEVIT) has received a new order from RajCOMP Info Services Ltd for the “Study, Design, Development, and Implementation of the Online Portal for RERA 2.0, Rajasthan.” This initiative aims to support the State Government in ensuring a smooth operation and fostering the growth of a transparent, efficient, and competitive real estate sector, while also safeguarding the interests of allottees, promoters, and real estate agents. DEVIT will handle the necessary operations and maintenance, as well as enhance the application and portal. The order have been awarded by a domestic state entity and are based on a fixed cost [&hellip;]
- [DCX Systems Limited has Secured Export Orders From Elta Systems Limited Israel, Amounting to INR 154.80 Crores](https://angelnews.in/dcx-systems-limited-has-secured-export-orders-from-elta-systems-limited-israel-amounting-to-inr-154-80-crores/): DCX Systems Limited has received export orders from ELTA SYSTEMS LTD. in Israel for the supply of RF Electronic Modules, with a total value of US$ 18,495,779.10, equivalent to approximately INR 154.80 crores (based on an exchange rate of 1 USD = INR 83.70). This international contract is to be executed within 12 months. There is no interest from the promoter or related parties in the entity that awarded the contract, and the transaction does not fall under related party transactions.
- [IRIS Business Services has Signed a Memorandum of Understanding (MoU) with the Government of Telangana](https://angelnews.in/iris-business-services-has-signed-a-memorandum-of-understanding-mou-with-the-government-of-telangana/): Global fintech IRIS Business Services Limited has partnered with the Government of Telangana to boost the MSME ecosystem in the state. At an event yesterday, Chief Minister Revanth Reddy launched the MSME policy, and IRIS CEO S. Swaminathan signed a Memorandum of Understanding with Special Chief Secretary Shri Jayesh Ranjan. The collaboration will involve IRIS investing in technology-driven solutions, with costs potentially covered through user charges, while the government will provide administrative support and promote awareness of the initiatives to benefit as many MSMEs as possible. The digitization of India has created valuable data streams that can significantly benefit MSMEs, says [&hellip;]
- [Garden Reach Shipbuilders has Received an Order for Four Additional 7500 DWT Multipurpose Vessels](https://angelnews.in/garden-reach-shipbuilders-has-received-an-order-for-four-additional-7500-dwt-multipurpose-vessels/): On June 22, 2024, M/s Carsten Rehder Schiffsmakler and Reederei GmbH &amp; Co. of Germany awarded GRSE a contract for the construction and delivery of eight multipurpose vessels, including an option for an additional four vessels, each with a capacity of 7,500 DWT. This international contract involves the design, build, and delivery of the vessels, with a timeline of 33 months from the signing date. The total value of the order is approximately 108 million USD, which includes about 54 million USD for the four additional vessels. Notably, none of the promoter or promoter group companies have any interest in the [&hellip;]
- [Nazara Technologies has Secured INR 900 Crores and has Increased its Stake in Absolute Sports (Sportskeeda) to 91%](https://angelnews.in/nazara-technologies-has-secured-inr-900-crores-and-has-increased-its-stake-in-absolute-sports-sportskeeda-to-91/): Nazara Technologies Limited, India’s leading diversified gaming and sports media company, has announced its largest fundraising effort to enhance its growth trajectory. The company’s board has approved a preferential equity issue aimed at raising INR 900 crores, pending shareholder and regulatory approvals. This capital will support strategic acquisitions, facilitate business expansion, and bolster the company’s capacity to pursue new growth opportunities. The INR 900 crores from the preferential equity issue will be allocated to prominent investors, including SBI Mutual Fund, Junomoneta Finsol (an associate of Plutus Wealth), Think Investments, Discovery Investments, Mithun and Siddharth Sacheti, Cohesion Investments, Chartered Finance and Leasing, [&hellip;]
- [Tata Power Renewable Energy Limited has obtained a 400 MW hybrid project from MSEDCL](https://angelnews.in/tata-power-renewable-energy-limited-has-obtained-a-400-mw-hybrid-project-from-msedcl/): Tata Power Renewable Energy Limited (TPREL), a prominent player in the renewable energy sector and a subsidiary of The Tata Power Company Limited, has successfully obtained a Letter of Award (LoA) from the Maharashtra State Electricity Distribution Company Limited (MSEDCL), a wholly owned entity of the Maharashtra Government. This award is for the development of a 400 MW wind-solar hybrid project in Maharashtra. The Letter of Award (LoA) includes an initial capacity of 200 MW and a greenshoe option for an additional 200 MW, marking TPREL&#8217;s largest renewable project in Maharashtra to date. This initiative supports MSEDCL&#8217;s efforts to meet the [&hellip;]
- [TCS Partners with McDonald’s Philippines to Upgrade IT Infrastructure for Over 760 Restaurants](https://angelnews.in/tcs-partners-with-mcdonalds-philippines-to-upgrade-it-infrastructure-for-over-760-restaurants/): Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions, has entered into a two-year partnership with Golden Arches Development Corporation (GADC), led by George Yang, the master franchisee of McDonald&#8217;s in the Philippines. This marks TCS&#8217;s first collaboration with the fast-food chain in the APAC region, aimed at standardizing and digitizing IT operations for over 760 McDonald’s restaurants across the country. TCS will upgrade McDonald’s IT systems in the Philippines by migrating to SAP S/4HANA on RISE. This partnership aims to enhance GADC&#8217;s infrastructure, providing better insights, improved decision-making, and optimized operations. As of late 2023, [&hellip;]
- [Awfis has Launched a Grade-A Flexible Workplace Spanning 30,221 sq. ft. in GIFT City, Gandhinagar, Ahmedabad](https://angelnews.in/awfis-has-launched-a-grade-a-flexible-workplace-spanning-30221-sq-ft-in-gift-city-gandhinagar-ahmedabad/): Awfis, India’s largest network of flexible workspaces, has announced the opening of a new center in Gujarat International Finance Tec-City (GIFT City), Gandhinagar. As the sole flexible space provider in a Grade-A development, Awfis offers a wide range of services under one brand. The new center features a built-up area of 30,221 sq. ft. in one of India’s key financial and technology hubs. With this addition, Awfis now provides approximately 83,500 sq. ft. of built-up area in Ahmedabad. GIFT City is a dynamic financial and technological hub, offering great opportunities for start-ups, entrepreneurs, and large corporations. Awfis&#8217;s new center, the Awfis [&hellip;]
- [Intellect Launches eMACH.ai WealthForce.AI in the Middle East to Enhance Operational Excellence and Customer Experience](https://angelnews.in/intellect-launches-emach-ai-wealthforce-ai-in-the-middle-east-to-enhance-operational-excellence-and-customer-experience/): IntellectAI, the AI-centric division of Intellect DesignArena, has unveiled its innovative wealth platform, WealthForce.AI, tailored for the Middle East market. Built on eMACH.ai, this groundbreaking platform aims to empower Relationship Managers (RMs) by harnessing Artificial Intelligence (AI) and advanced data analytics to facilitate hyper-personalization and hyper-automation, providing exceptional services. WealthForce.AI, built on eMACH.ai standards, is a scalable and future-ready platform that leverages AI to automate tasks and enhance decision-making for Relationship Managers (RMs). It provides hyper-personalized, data-driven advice and features Generative AI tools for richer client interactions. The award-winning platform streamlines wealth management, minimizes manual processes, and offers an omnichannel experience, [&hellip;]
- [IGREL Renewables has Signed a LOI with Inox Wind for 550 MW of Wind Capacity on Turnkey Basis](https://angelnews.in/igrel-renewables-has-signed-a-loi-with-inox-wind-for-550-mw-of-wind-capacity-on-turnkey-basis/): Inox Wind Limited (IWL), a leading provider of wind energy solutions in India, has received a Letter of Intent (LoI) from IGREL Renewables Ltd. for a turnkey project involving 550 MW of wind capacity. As part of the agreement, Inox Wind will supply, install, and commission the Wind Turbine Generators (WTGs), along with providing multi-year operations and maintenance (O&amp;M) services after commissioning. The project is set to be executed over the next 24 months across various sites in Gujarat, Rajasthan, and Madhya Pradesh. This 550 MW LoI adds to a previous firm order of 200 MW, increasing IWL&#8217;s order book to [&hellip;]
- [Revolt Motors Launches India’s First Electric Motorcycle Revolt RV1](https://angelnews.in/revolt-motors-launches-indias-first-electric-motorcycle-revolt-rv1/): Revolt Motors, India&#8217;s top electric motorcycle brand, is set to transform the commuter segment with its new models, the Revolt RV1 and RV1+. Priced at ₹84,990 and ₹99,990 respectively, these models are available in four vibrant colors and offer up to three times lower ownership costs than petrol motorcycles. This launch bolsters Revolt’s premium lineup, which includes the popular RV400 and RV400 BRZ. The RV1 sets a new standard with a 250 kg payload capacity, surpassing the 150 kg average of typical commuter bikes. It features wider tyres for better grip, a mid-motor with a chain drive for smooth performance, dual [&hellip;]
- [Torrent Power has been Issued a Letter of Intent by MSEDCL for a 1500 MW Pumped Hydro Storage Project](https://angelnews.in/torrent-power-has-been-issued-a-letter-of-intent-by-msedcl-for-a-1500-mw-pumped-hydro-storage-project/): Torrent Power Limited has been selected as the successful bidder and has received a Letter of Intent (LOI) from Maharashtra State Electricity Distribution Co. Limited (MSEDCL) on September 17, 2024. The LOI is for the procurement of 1,500 MW/12,000 MWh of energy storage capacity from a pumped hydro storage project. MSEDCL will issue a detailed Letter of Award once it secures the necessary approvals from the Maharashtra Electricity Regulatory Commission (MERC) in accordance with the tender document and the quoted tariff. Torrent Power will supply 1,500 MW of storage capacity from its new pumped hydro plant in Raigad District, Maharashtra, under [&hellip;]
- [Modern Insulators Limited Plans to Acquire 138800 equity shares of Swiggy Limited at a Rate of Rs. 360 Per Share](https://angelnews.in/modern-insulators-limited-plans-to-acquire-138800-equity-shares-of-swiggy-limited-at-a-rate-of-rs-360-per-share/): Modern Insulators Limited has decided to invest in Swiggy Limited by acquiring 138,800 equity shares at a price of Rs. 360 per share. This transaction, approved by the Board of Directors on September 17, 2024, does not fall under related party transactions and is conducted at &#8220;arm’s length.&#8221; Currently, the company’s promoters have no interest in Swiggy Limited. Swiggy, founded in 2014, operates as a leading technology platform in India, offering services across various categories such as Food Delivery, Quick Commerce, and other services including Dine-out and B2B offerings. The acquisition is intended as a long-term investment, despite Swiggy’s business being [&hellip;]
- [Tata Elxsi Launches ‘xG-Force’ 5G Applications Lab in Bengaluru to Drive Cross-Industry Digital Transformation](https://angelnews.in/tata-elxsi-launches-xg-force-5g-applications-lab-in-bengaluru-to-drive-cross-industry-digital-transformation/): Tata Elxsi, a leading global design and technology services provider, has officially opened the ‘xG-Force’ lab in Bengaluru. This cutting-edge facility is designed to accelerate 5G innovation by offering ready-to-use infrastructure, advanced tools, and a comprehensive partner ecosystem for applications across sectors such as transportation, healthcare, Industry 4.0, and media and communication. The inauguration ceremony was led by Manoj Raghavan, MD &amp; CEO of Tata Elxsi, and Kevin Plunkett, Vice President of Cloud Services at Boost Mobile (formerly DISH Wireless), an EchoStar company. Boost Mobile will be the first to leverage the xG-Force lab’s capabilities, marking a significant development in the [&hellip;]
- [Sonata Software, an International Tech Company, is set to Launch its Centre of Excellence in Melbourne](https://angelnews.in/sonata-software-an-international-tech-company-is-set-to-launch-its-centre-of-excellence-in-melbourne/): In Delhi today, Jacinta Allan announced that Sonata Software, a global technology company, will set up its Centre of Excellence in Melbourne with the support of the Labor Government. This initiative is expected to generate approximately 100 new jobs in Victoria over the next three years, including positions for data engineers, solution architects, and technical analysts. Sonata Software, a leader in Modernization Engineering, offers digital transformation services across various sectors, including retail, consumer packaged goods, manufacturing, healthcare, life sciences, telecom, media and technology, banking, financial services, and insurance. The new Centre of Excellence will concentrate on the retail and manufacturing sectors [&hellip;]
- [JBM ECOLIFE Mobility Secures ₹838.3 Crore in Strategic Funding from Asian Development Bank and Asian Infrastructure Investment Bank](https://angelnews.in/jbm-ecolife-mobility-secures-%e2%82%b9838-crore-in-strategic-funding-from-asian-development-bank-and-asian-infrastructure-investment-bank/): JBM ECOLIFE Mobility (P) Ltd, a joint venture of JBM Auto Limited and a leading player in India&#8217;s electric bus and EV ecosystem, has secured $100 million in strategic funding from the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB). This funding will be used to deploy and operate electric buses across various states in India under the Gross Cost Contract (GCC) model. The investment supports the company&#8217;s mission to advance green public mobility at the grassroots level in India. The funding follows thorough Environmental, Social, and Governance (ESG) audits, reflecting JBM’s dedication to sustainable mobility and a [&hellip;]
- [Gopal Snacks Limited Expands Distribution Network, Increasing Market Presence with Over 110 New Distributors](https://angelnews.in/gopal-snacks-limited-expands-distribution-network-increasing-market-presence-with-over-110-new-distributors/): Gopal Snacks Limited announces a significant expansion of its distribution network, having successfully onboarded over 110 new distributors in the last five months. This expansion boosts the company’s total distributor base to 785, substantially increasing its retail presence across various regions. Company&#8217;s growth strategy includes a focused effort in key states, company have added 89 new distributors, raising the total to 399 in these areas. This enhanced presence is designed to deepen market penetration, improve brand visibility, and capture a larger market share. In addition to expanding in focus states, company have also extended reach into other regions by adding 25 [&hellip;]
- [RateGain has been Selected as a Preferred Partner by Trip.com, One of the World’s Largest Online Travel Agencies](https://angelnews.in/rategain-has-been-selected-as-a-preferred-partner-by-trip-com-one-of-the-worlds-largest-online-travel-agencies/): RateGain Travel Technologies Limited (RateGain), a leading provider of AI-driven SaaS solutions for the travel and hospitality sectors, has been named a Preferred Partner by Trip.com, one of the world’s largest online travel agencies (OTAs). This recognition, presented at Trip.com Group’s Envision 2024 Global Partner Conference in Shanghai, highlights the robust partnership between the two companies. Over the past decade, RateGain’s collaboration with Trip.com has been focused on assisting hotels in Asia to access new markets and attract emerging demand, addressing a key challenge faced by hoteliers today. This recognition makes RateGain the sole technology provider to be acknowledged as a [&hellip;]
- [Veefin Group will Acquire EpikIndifi and Spent Around INR 400 Crore on Three Company Acquisitions in the Last 3 Months](https://angelnews.in/veefin-group-will-acquire-epikindifi-and-spent-around-inr-400-crore-on-three-company-acquisitions-in-the-last-three-months/): The Veefin Group has announced its third acquisition, EpikIndifi, in a cash and equity deal worth around INR 125 crore. This move is part of Veefin’s strategy to become a comprehensive Working Capital Finance Platform. The total valuation of the three recent acquisitions is about INR 400 crore, with the first tranche costing INR 215 crore. These acquisitions enhance Veefin’s capabilities across digital Supply Chain Finance, Identity Verification, Financial Analysis, Trade Securitisation, and more. The group has achieved annual disbursements of $25 billion. In June, Veefin Group acquired Regime Tax Solutions, known for TaxGenie and PayInvoice, and in August, it purchased [&hellip;]
- [TVS Motor Company has Introduces the New TVS Apache RR 310, its Flagship Super Premium Sports Motorcycle](https://angelnews.in/tvs-motor-company-has-introduces-the-new-tvs-apache-rr-310-its-flagship-super-premium-sports-motorcycle/): TVS Motor Company has launched the new TVS Apache RR 310, its flagship Super Premium Sports Motorcycle. Inspired by over 40 years of TVS Racing and based on the record-setting ARRC machine, the RR 310 features a 11% performance boost and includes advanced technologies like a Bi-directional QuickShifter, RTDSC, TPMS, Cruise Control, and Aerodynamic Winglet, combining aerodynamic design with enhanced performance and agility. The new TVS Apache RR 310 comes in two variants with three BTO options. It features a fully-faired design with race ergonomics, four riding modes, and a powerful reverse inclined DOHC engine producing 38 PS and 29 Nm. [&hellip;]
- [Firstsource Partners with Microsoft to Advance Digital Transformation Solutions](https://angelnews.in/firstsource-partners-with-microsoft-to-advance-digital-transformation-solutions/): Firstsource Solutions Limited , a global provider of specialized domain-led Business Process Services (BPS) and a member of the RP-Sanjiv Goenka Group, has announced a partnership with Microsoft to deliver advanced digital transformation services to clients around the globe. Leveraging the capabilities of Microsoft Azure OpenAI Service, Firstsource seeks to boost its service offerings, fostering innovation and improving efficiency across diverse industries. Firstsource is adopting Azure&#8217;s AI technologies such as Azure OpenAI Service, Azure AI Search, and Azure AI Language to create advanced, data-driven business solutions. These tools will enhance search capabilities and personalization, unlocking the full potential of enterprise data. [&hellip;]
- [Torrent Power Pledges over Rs 64,000 Crores in Investments at ‘RE-Invest 2024,’ To Create Job Opportunities for 26,000 People](https://angelnews.in/torrent-power-pledges-over-rs-64000-crores-in-investments-at-re-invest-2024-to-create-job-opportunities-for-26000-people/): Torrent Power Limited, the integrated power utility of the diversified Torrent Group, has reinforced its dedication to a green and sustainable future. At the 4th Edition of RE-Invest in Gandhinagar on Monday, the company submitted two ‘Shapath Patras’ to the Union Ministry of New and Renewable Energy, Government of India. The first ‘Shapath Patra’ outlines Torrent Power’s goal to achieve 10 Gigawatts (GW) of installed Renewable Energy (RE) capacity by 2030, with an investment of Rs 57,000 crores. This investment is anticipated to create approximately 25,000 direct and indirect jobs. Additionally, Torrent Power signed a Memorandum of Understanding (MoU) with the [&hellip;]
- [AGS Transact Technologies Limited Enhances ATM Security for Over 26000 Machines with GMV’s Advanced Solutions](https://angelnews.in/ags-transact-technologies-limited-enhances-atm-security-for-over-26000-machines-with-gmvs-advanced-solutions/): AGS Transact Technologies Limited, a provider of integrated omni-channel payment solutions in India, which offers both digital and cash-based solutions to banks and corporate clients, has announced a major upgrade to its ATM security. The company is enhancing the security of over 26,000 ATMs within its network by implementing the latest security solutions from GMV, a global leader in advanced technology based in Europe. This upgrade reflects AGS Transact&#8217;s commitment to adhering to regulatory standards that require stringent ATM security measures. Additionally, it ensures that AGS Transact&#8217;s customers receive secure and cutting-edge payment solutions, thereby bolstering operational efficiency and strengthening customer [&hellip;]
- [Proximus Opal S.A., the Promoter of Route Mobile Limited, Completes the Offer for Sale (OFS) by Selling a 6.03% Stake](https://angelnews.in/proximus-opal-s-a-the-promoter-of-route-mobile-limited-completes-the-offer-for-sale-ofs-by-selling-a-6-03-stake/): Route Mobile Limited, a prominent global provider of cloud communications platforms for enterprises, over-the-top (OTT) services, and mobile network operators, announced today that its promoter entity, Proximus Opal S.A., has successfully sold a 6.03% stake in the company through an Offer for Sale (OFS) held on September 12 and 13, 2024. This follows a 1.95% reduction completed on July 26, 2024. These transactions ensure compliance with the 25% minimum public holding requirement. The OFS was notably oversubscribed, attracting substantial interest from long-term marquee investors. As a result, Proximus Opal, a member of the Proximus Group, has decreased its holding in Route [&hellip;]
- [Infosys Partners with Life Insurance Corporation of India to Speed Up Digital Transformation](https://angelnews.in/infosys-partners-with-life-insurance-corporation-of-india-to-speed-up-digital-transformation/): Infosys has teamed up with India’s largest life insurance provider LIC to advance its digital transformation through the DIVE (Digital Innovation and Value Enhancement) initiative. Infosys will develop a NextGen Digital Platform to provide seamless omnichannel interactions and hyper-personalized experiences for LIC’s stakeholders. Leveraging its expertise and technologies like Infosys Topaz and Infosys Cobalt, Infosys will handle system integration, AI, and ongoing maintenance to support LIC’s digital evolution. The NextGen Digital Platform will help LIC achieve the goals of DIVE by delivering top-tier digital solutions for all stakeholders, including customers, intermediaries, and the marketing team. It will also act as an [&hellip;]
- [Jindal Steel & Power Limited and Jindal Renewable Power Private Limited have Signed MOU to Invest in Green Hydrogen](https://angelnews.in/jindal-steel-power-limited-and-jindal-renewable-power-private-limited-have-signed-mou-to-invest-in-green-hydrogen/): Jindal Steel (JSPL) and Jindal Renewables (JRPL) have announced a landmark MOU for India’s largest green hydrogen investment by a steelmaker. This collaboration marks a major step toward decarbonizing and advancing green energy in India’s steel industry. The MOU includes JSPL integrating green hydrogen into its Direct Reduced Iron (DRI) units in Angul, Odisha. In the first phase, JRPL will establish a green hydrogen production capacity of up to 4,500 tons per year by December 2025, and supply 36,000 tons of oxygen annually for the Angul steelworks. Additionally, JRPL will provide approximately 3GW of renewable energy, aiming to cut JSPL’s coal [&hellip;]
- [Wockhardt has been Honored with the Esteemed Innovator Award by the Government of India](https://angelnews.in/wockhardt-has-been-honored-with-the-esteemed-innovator-award-by-the-government-of-india/): The Biotechnology Industry Research Assistance Council (BIRAC), a Government of India enterprise, presented the “BIRAC Innovator Award 2024” to Dr. Habil Khorakiwala, Chairman of Wockhardt. The award was accepted on his behalf by Dr. Mahesh Patel, Chief Scientific Officer of Drug Discovery Research, during the “Global Bio – India 2024” event in New Delhi. This accolade recognizes Wockhardt&#8217;s groundbreaking innovation and research, particularly the development of Nafithromycin (Miqna ), the first-ever antibiotic effective against multi-drug resistant pathogens for treating Community-Acquired Bacterial Pneumonia. Miqnaf (Nafithromycin) addresses a significant medical gap as current treatments like Azithromycin and Amoxicillin + Clavulanic acid have either [&hellip;]
- [Revolt Motors Launches Its Electric Motorcycles in Sri Lanka, Signifying Its First International Expansion](https://angelnews.in/revolt-motors-launches-its-electric-motorcycles-in-sri-lanka-signifying-its-first-international-expansion/): Revolt Motors, India’s top electric motorcycle brand, enters the Sri Lankan market through a partnership with Evolution Auto Pvt Ltd. Following a successful debut at the Colombo EV Expo, Revolt Motors will start its expansion in Colombo and plans to extend across Sri Lanka, offering advanced electric motorcycles to meet diverse rider needs. Revolt Motors is launching its AI-powered electric motorcycles in Sri Lanka, offering customizable features through the Revolt App. The company plans to open 90 dealerships by 2029, starting with 15 in the next four months, to meet the growing demand for electric vehicles. Customers will receive top-quality service [&hellip;]
- [Wardwizard Innovations & Mobility Limited Sold 1013 Electric Two-Wheelers in August 2024](https://angelnews.in/wardwizard-innovations-mobility-limited-sold-1013-electric-two-wheelers-in-august-2024/): Wardwizard Innovations &amp; Mobility Limited, a leading electric vehicle manufacturer under the &#8216;Joy e-bike&#8217; and &#8216;Joy e-rik&#8217; brands, sold 1,013 electric two-wheelers in August 2024. Notably, the company has already surpassed 6,000 units (6,006) in sales for the first five months of this financial year (April-August 2024), covering both high-speed and low-speed models. Mr. Yatin Gupte, Chairman and Managing Director of Wardwizard Innovations &amp; Mobility Limited, commented, “As we enter the festival season, we are experiencing increased foot traffic and inquiries about our diverse product range. With market sentiments looking positive, we anticipate significant growth in the upcoming months, particularly with [&hellip;]
- [Moneyboxx Finance Secures INR 176 Crore in Funding to Fuel its Expansion Plans](https://angelnews.in/moneyboxx-finance-secures-inr-176-crore-in-funding-to-fuel-its-expansion-plans/): Moneyboxx Finance Limited, a BSE-listed NBFC, has raised INR 176 crore through the allotment of equity shares and convertible warrants. This includes INR 63 crore from a preferential equity issue and INR 113 crore from warrants. The company has received INR 91 crore so far, with the remaining INR 85 crore expected within 18 months. As of August 31, 2024, its net worth had increased by over 50% and is set to double with this funding. Most of the capital raised comes from promoters and existing shareholders, underscoring their confidence in the company’s growth. The recent INR 176 crore capital raise [&hellip;]
- [Max Healthcare Partners with Lakshdeep Group to Acquire a Controlling Stake in Jaypee Healthcare Ltd](https://angelnews.in/max-healthcare-partners-with-lakshdeep-group-to-acquire-a-controlling-stake-in-jaypee-healthcare-ltd/): Max Healthcare Institute Ltd. (MHIL), a leading private healthcare provider in India, has entered into a strategic partnership with Lakshdeep Group, the promoter of Jaypee Healthcare Limited (JHL), which is currently undergoing Corporate Insolvency Resolution Process (CIRP). This collaboration will allow MHIL to acquire a controlling stake in JHL, including its flagship 500-bed Jaypee Hospital in Noida. As part of the agreement, MHIL will secure debt to settle JHL&#8217;s financial creditors and aims to acquire approximately 64% of JHL, with options for the remaining shares. The deal values JHL at INR 1,660 crore, reflecting its strong market presence and assets, including [&hellip;]
- [Macpower CNC Machines Limited is Building a 40,000 sq. ft. Assembly Unit with a Capex of Rs. 15 Crore](https://angelnews.in/macpower-cnc-machines-limited-is-building-a-40000-sq-ft-assembly-unit-with-a-capex-of-rs-15-crore/): Macpower CNC Machines Limited currently operates with a capacity of 2,000 machines per annum, utilizing approximately 88% of this capacity. To support its growth objectives, Macpower CNC Machines Limited proposes increasing its total capacity to 2,500 machines per annum by adding 500 machines per annum, which represents a 25% increase. This expansion will be completed by the end of FY25, with the new capacity becoming available from April 2025. The company is in the process of constructing a new 40,000 sq. ft. assembly unit to facilitate this increase. The total investment required for this capacity expansion and backward integration is around [&hellip;]
- [EMS Limited Awarded Rs. 416.46 Crores Sewage Treatment Plant Project by Indore Municipal Corporation](https://angelnews.in/ems-limited-awarded-rs-416-46-crores-sewage-treatment-plant-project-by-indore-municipal-corporation/): EMS Limited has received the Letter of Acceptance from Indore Municipal Corporation, Indore, for the design and construction of sewage treatment plants with installed capacities of 120, 40, and 35 MLD, along with all associated structures and related works. The project also includes the operation and maintenance (O&amp;M) of these facilities for 15 years on a DBOT (Design, Build, Operate, Transfer) basis. The estimated value of the order is approximately Rs. 41646.07 lakhs (Rupees Forty-One Thousand Six Hundred Forty-Six Lakhs and Seven Thousand Only), with EMS Limited holding a 26% share in the joint venture partnership. The nature of the contract [&hellip;]
- [Mahindra Unveils Advanced EV Manufacturing and Battery Facility at Chakan Plant, Maharashtra](https://angelnews.in/mahindra-unveils-advanced-ev-manufacturing-and-battery-facility-at-chakan-plant-maharashtra/): Mahindra has launched its cutting-edge manufacturing and battery assembly facility at the Chakan plant, dedicated to producing Electric Origin SUVs. Located within the company’s expansive, eco-friendly Chakan hub, the facility is powered by renewable energy and focuses on sustainable, innovative manufacturing. Mahindra has allocated ₹4,500 Crores out of the ₹16,000 Crores planned for the F22–F27 investment cycle to expand manufacturing capacity and develop powertrains and products. The facility features over 1000 robots, Industry 4.0 technology, and a strong focus on quality, skill development, and gender diversity. Additionally, its compact, fully automated battery assembly line uses patented processes to produce high-performance batteries [&hellip;]
- [Pradhin Ltd. Expands into Agricultural Waste Management and Processing to Drive Sustainability and Growth](https://angelnews.in/pradhin-ltd-expands-into-agricultural-waste-management-and-processing-to-drive-sustainability-and-growth/): Pradhin Ltd. is expanding its operations into the Agricultural Waste Management and Processing sector, reflecting its commitment to sustainability, environmental responsibility, and diversification into high-growth, impact-driven industries. The company’s proposed initiatives include biogas production, where agricultural waste is utilized to generate renewable energy for domestic and industrial applications. Additionally, Pradhin Ltd. aims to produce high-quality organic compost from agricultural residues to reduce dependency on chemical fertilizers and improve soil health. Another key focus is biofertilizer production, recycling agricultural waste into eco-friendly fertilizers to support sustainable farming practices. The company is also exploring waste-to-energy projects by converting crop residues into energy, thus [&hellip;]
- [CESC Awards Letter of Award to Subsidiary Purvah Green Power for 150 MW Wind-Solar Hybrid Power Project](https://angelnews.in/cesc-awards-letter-of-award-to-subsidiary-purvah-green-power-for-150-mw-wind-solar-hybrid-power-project/): CESC Limited (CESC) has issued a Letter of Award to Purvah Green Power Private Limited (Purvah), a subsidiary of CESC, in response to Purvah&#8217;s submission to the Request for Selection document issued by CESC, in accordance with the &#8220;Guidelines for Tariff-Based Competitive Bidding Process for Procurement of Power from Grid-Connected Wind-Solar Hybrid Power Projects&#8221; dated August 21, 2023, by the Ministry of Power, Government of India, as amended. The project involves the establishment of a Wind-Solar Hybrid Power Project with a 150 MW capacity, connected to ISTS, and an additional 150 MW capacity under the Greenshoe option. The awarded project is [&hellip;]
- [Ceinsys Changes Name to CS Tech AI, Focusing on Artificial Intelligence and Technology](https://angelnews.in/ceinsys-changes-name-to-cs-tech-ai-focusing-on-artificial-intelligence-and-technology/): Ceinsys, a leading provider of geospatial and technology solutions, has rebranded to CS Tech AI, marking a shift to emphasize its focus on artificial intelligence (AI) and technological innovation. The new name, with the addition of &#8220;.ai,&#8221; reflects the company’s goal to integrate AI into its geospatial solutions for smart infrastructure and utility development. Kaushik Khona, Managing Director of India Operations, explained that this rebranding highlights the company’s commitment to adopting advanced technologies and staying relevant in a rapidly evolving market. It also reinforces CS Tech AI’s ambition to lead in AI-driven solutions and deliver cutting-edge technology to clients.
- [OK Play India Completes Expansion to Boost Production Capacity by 300%, Share Price Up 3.78%](https://angelnews.in/ok-play-india-completes-expansion-to-boost-production-capacity-by-300-share-price-up-3-78/): OK Play India Limited has successfully completed its expansion program at its manufacturing facility located at Plot No.17-18, Roz Ka Meo, Industrial Estate, Sohna, Haryana. The expansion, which includes the addition of blow and injection molding machines, balancing equipment, and molds, is expected to increase the production capacity of toys, playground equipment, and children&#8217;s furniture by over 300%. This significant capacity enhancement will strengthen the company&#8217;s ability to meet the growing market demand. The existing capacity is approximately 300 MT per annum, with a current utilization of about 80%. The proposed capacity addition is approximately 900 MT per annum. The expansion [&hellip;]
- [Wardwizard Innovations & Mobility Signs MoU with C4V to Enhance Battery Technology for Electric Vehicles](https://angelnews.in/wardwizard-innovations-mobility-signs-mou-with-c4v-to-enhance-battery-technology-for-electric-vehicles/): Wardwizard Innovations &amp; Mobility Limited, a leading electric vehicle manufacturer under the &#8216;Joy e-bike&#8217; and &#8216;Joy e-rik&#8217; brands, has signed a Memorandum of Understanding (MoU) with C4V, a New York-based battery technology company. This partnership aims to develop advanced, high-performance battery cells tailored for Wardwizard’s electric vehicle range, including high-speed scooters and three-wheelers. By leveraging C4V’s expertise in lithium-ion battery optimization and climate-specific Lithium Iron Phosphate (LFP) technology, the collaboration will enhance electric vehicle performance in India’s market. The MoU outlines joint efforts to define specifications, create prototypes, and ensure rigorous testing for reliability. Both companies emphasize localizing production in India [&hellip;]
- [Gensol Engineering Bags ₹1061.97 Crore EPC Contract for 275 MW Solar PV Project in Kutch, Gujarat](https://angelnews.in/gensol-engineering-bags-%e2%82%b91061-97-crore-epc-contract-for-275-mw-solar-pv-project-in-kutch-gujarat/): Gensol Engineering Limited (BSE: 542851, NSE: GENSOL), a leading player in the renewable energy sector with a focus on solar power engineering, procurement, and construction (EPC) services, has secured a major EPC contract from a prominent Public Sector Undertaking for the development of a 275 MW Solar PV project at RE Solar Park, Khavda Rann of Kutch, Gujarat. The total bid value is approximately INR 1061.97 crores (including GST), covering three years of operations and maintenance (O&amp;M). On this achievement, Shilpa Urhekar, Chief Executive Officer, Solar EPC (India) at Gensol Engineering Ltd., commented, &#8220;We are starting the year 2025 on a [&hellip;]
- [ROX Hi-Tech Limited Secures Digital Transformation Contract with Indocool Composites](https://angelnews.in/rox-hi-tech-limited-secures-digital-transformation-contract-with-indocool-composites/): ROX Hi-Tech Limited (NSE – ROXHITECH), an IT solutions provider, has secured a significant contract with Indocool Composites Private Limited, a mid-sized manufacturing company, to implement GROW with SAP. This solution, built on best practices, aims to support the company’s digital transformation and sustainable growth. Facing limitations with their current system, Indocool sought a scalable, robust, and integrated solution to meet their evolving needs. After evaluating options, they chose SAP, the global leader in enterprise management, and partnered with ROX Hi-Tech for the implementation. GROW with SAP will streamline core business processes like Finance, Procurement, Sales, and Manufacturing, ensuring operational efficiency, [&hellip;]
- [Mamaearth and Zepto Launch 2025 Sustainability Campaign: Plant a Tree with Every Order](https://angelnews.in/mamaearth-and-zepto-launch-2025-sustainability-campaign-plant-a-tree-with-every-order/): Mamaearth has partnered with Zepto, India’s fastest-growing consumer platform, to kickstart 2025 by promoting sustainability. For every Mamaearth product ordered on Zepto, a tree will be planted on behalf of the consumer. This collaboration merges Zepto&#8217;s 10-minute delivery service with Mamaearth’s sustainability mission, making it easier for consumers to make eco-conscious choices. The campaign’s film taps into the spirit of New Year’s resolutions, evoking nostalgia around tree planting and showcasing how a simple order can contribute to a greener planet. Anuja Mishra, EVP of Mamaearth, emphasized the power of small actions for big impact, while Zepto&#8217;s Chandan Mendiratta highlighted the simplicity [&hellip;]
- [Western Carriers (India) Ltd Secures an Order Worth Rs. 139 Crore from Vedanta Ltd , Share Price Up 8.32%](https://angelnews.in/western-carriers-india-ltd-secures-an-order-worth-rs-139-crore-from-vedanta-ltd-share-price-up-8-32/): Western Carriers India Ltd (WCIL), a leading 3PL and 4PL logistics provider in India with a focus on rail-centric supply chain solutions, has secured a Rs. 139 crore material handling contract from Vedanta Ltd. The contract covers Import, Finished Goods Domestic, and Export Material Handling services at Vedanta&#8217;s Jharsuguda Plant, with a duration of four years. Commenting on the achievement, Mr. Kanishka Sethia, CEO of WCIL, said, “This contract strengthens our relationship with Vedanta and opens opportunities for future projects in the mining and mineral sector. It marks a significant milestone in our partnership and highlights our ability to consistently deliver [&hellip;]
- [Federal Bank Launches FedOne with Nucleus Software’s FinnAxia to Transform Corporate Banking Services, Share Price up 1.75%](https://angelnews.in/federal-bank-launches-fedone-with-nucleus-softwares-finnaxia-to-transform-corporate-banking-services-share-price-up-1-75/): Federal Bank has advanced its digital transformation with the successful launch of FedOne, powered by Nucleus Software’s FinnAxia platform. This collaboration modernizes the bank’s corporate banking services, enhancing value for corporate and SME clients. The 10-month implementation process reflects both organizations&#8217; commitment to innovation. With FinnAxia, Federal Bank aims to streamline processes, improve operational efficiency, and offer personalized, reliable financial solutions. Shalini Warrier, Executive Director of Federal Bank, highlighted that the move strengthens their corporate banking capabilities, while Vishnu R. Dusad, Managing Director of Nucleus Software, emphasized the focus on delivering agile, customer-centric solutions. Federal Bank Share price up 1.75% , [&hellip;]
- [Sahaj Solar Limited Awarded Rs. 36.42 Crore Contract for Solarisation of Agriculture Pumps in Tripura under PM-KUSUM Scheme](https://angelnews.in/sahaj-solar-limited-awarded-rs-36-42-crore-contract-for-solarisation-of-agriculture-pumps-in-tripura-under-pm-kusum-scheme/): Sahaj Solar Limited has received a Letter of Award (LoA) from the Tripura Renewable Energy Development Agency (TREDA) for the solarisation of existing 2 HP grid-connected Agriculture Pumps (IPS) in Tripura. This project, executed under the PM-KUSUM Scheme (Component C) of the Ministry of New &amp; Renewable Energy, Government of India, includes a 5-year Guarantee/Warranty, an Annual Maintenance Contract, and insurance coverage, all provided on a turnkey basis. The contract, valued at Rs. 36.42 Crores (inclusive of GST), must be completed within 12 months from the LoA issue date. Sahaj Solar Limited Share price up 3.97 % , Trading at 534.00 [&hellip;]
- [Aurionpro Solutions Secures Major Order from Delhi Metro Rail Corporation for Automated Fare Collection Solutions](https://angelnews.in/aurionpro-solutions-secures-major-order-from-delhi-metro-rail-corporation-for-automated-fare-collection-solutions/): Aurionpro announces a significant order win from Delhi Metro Rail Corporation Ltd. (DMRC). As part of this order, Aurionpro will provide Automated Fare Collection (AFC) technology and manufactured solutions, including automated gates, validators, and card readers, for various operational sectors across DMRC&#8217;s expansive Phase I, II, and III networks. The AFC gates for this project will be entirely manufactured in India at Aurionpro&#8217;s advanced facility in Ghaziabad, in line with the government&#8217;s &#8220;Make in India&#8221; initiative. This project reinforces Aurionpro&#8217;s position as a trusted technology partner in smart transit, showcasing its commitment to providing advanced, efficient, and locally manufactured solutions for [&hellip;]
- [TCS Expands Partnership with Bank of Baroda to Enhance Financial Inclusion for 60 Million Customers](https://angelnews.in/tcs-expands-partnership-with-bank-of-baroda-to-enhance-financial-inclusion-for-60-million-customers/): Tata Consultancy Services (TCS) has expanded its collaboration with Bank of Baroda to advance financial inclusion across India over the next five years. The extended partnership will involve deploying TCS’s Financial Inclusion Gateway Solution, which can handle up to 1.2 million transactions daily, supporting over 55,000 agents and benefiting more than 60 million customers in underserved areas. The solution will enable key banking services such as account openings, IMPS and NEFT transfers, as well as facilitating Aadhaar and debit card-based transactions. It will also support enrollment into government insurance and pension schemes like PMJJBY, PMSBY, and APY. This initiative is in [&hellip;]
- [NODWIN Gaming, a Nazara Technologies Subsidiary, Acquires 93% of AFK Gaming for INR 7.6 Crores to Boost Esports Content and Marketing](https://angelnews.in/nodwin-gaming-a-nazara-technologies-subsidiary-acquires-93-of-afk-gaming-for-inr-7-6-crores-to-boost-esports-content-and-marketing/): NODWIN Gaming, a leader in gaming and esports and a subsidiary of Nazara Technologies (BSE: NAZARA), has announced the acquisition of 93% of AFK Gaming Pvt. Ltd. for INR 7.6 Crores, subject to closing formalities. AFK Gaming, a prominent esports media company, will become a wholly owned subsidiary of NODWIN. This acquisition significantly strengthens NODWIN’s capabilities in esports content production, distribution, marketing, and PR services, positioning it as a comprehensive, one-stop-shop for brands and publishers in the esports and gaming industry. Founded in 2012, AFK Gaming has been a key player in India&#8217;s gaming media landscape, offering the latest industry updates [&hellip;]
- [Infosys Inaugurates 320,000 Sq. Ft. Development Center in Kolkata with INR 426 Crore Investment, Set to Accommodate Over 4,000 Employees](https://angelnews.in/infosys-inaugurates-320000-sq-ft-development-center-in-kolkata-with-inr-426-crore-investment-set-to-accommodate-over-4000-employees/): Infosys has inaugurated its new 320,000 sq. ft. development center in Kolkata, West Bengal, with an investment exceeding INR 426 crore. The state-of-the-art facility is designed to accommodate over 4,000 employees in a hybrid work model, enabling them to work on advanced technologies such as cloud, AI, and digital solutions across industries including manufacturing, logistics, financial services, and energy. The inauguration ceremony was attended by West Bengal Chief Minister Smt. Mamata Banerjee, along with senior officials from the state government and Infosys leadership. Aligned with Infosys&#8217; environmental, social, and governance (ESG) commitments, the center features sustainable design elements such as energy-efficient [&hellip;]
- [DroneAcharya Partners with Volatus Aerospace to Advance Drone-Based Logistics in India, Stock up 4.3%](https://angelnews.in/droneacharya-partners-with-volatus-aerospace-to-advance-drone-based-logistics-in-india-stock-up-4-3/): DroneAcharya Aerial Innovations Limited and Volatus Aerospace Inc. have formed a strategic partnership, formalized through a Memorandum of Understanding (MoU) signed on December 17, 2024. The collaboration aims to revolutionize drone-based logistics in India by combining DroneAcharya’s expertise in drone surveying and training with Volatus Aerospace’s cutting-edge delivery solutions. As part of the agreement, DroneAcharya will serve as Volatus’ manufacturing partner in India, enabling the local production of advanced drones like the Condor, a heavy-payload logistics drone capable of carrying 180 kilograms. The partnership also focuses on targeting institutional sales opportunities across India, with DroneAcharya leading business development and client engagement, [&hellip;]
- [Arya.ai, an Aurionpro Company, Unveils AryaXAI: An Advanced AI Explainability and Alignment Platform](https://angelnews.in/arya-ai-an-aurionpro-company-unveils-aryaxai-an-advanced-ai-explainability-and-alignment-platform/): Arya.ai, a subsidiary of Aurionpro, has launched AryaXAI, a cutting-edge AI explainability (XAI) and alignment platform tailored for mission-critical applications. Integrated into the Aurionpro Enterprise AI suite, AryaXAI ensures AI systems are explainable, safe, and aligned with regulatory and ethical standards. The platform introduces DLBacktrace, a pioneering XAI technique for deep learning models that offers accurate, stable, and traceable insights into AI decisions. Arya.ai is also open-sourcing DLBacktrace on GitHub to support global developers. With additional tools like SHAP, LIME, and SmoothGrad, AryaXAI helps businesses select the best explanation methods for their models. It also features alignment strategies and monitoring tools [&hellip;]
- [LTIMindtree Launches Cyber Defense Resiliency Center in Bengaluru](https://angelnews.in/ltimindtree-launches-cyber-defense-resiliency-center-in-bengaluru/): LTIMindtree has launched its Cyber Defense Resiliency Center (CDRC) in Bengaluru, India. The center aims to offer advanced cybersecurity support using artificial intelligence (AI), particularly generative AI (GenAI), to protect clients throughout the cyber threat lifecycle and strengthen enterprise resilience. With global cybercrime projected to hit $23.84 trillion by 2027 and rising cyberattacks in India, the CDRC will focus on AI-driven solutions for threat detection, incident response, and risk reduction. It will provide predictive analytics and cognitive security automation, enhancing efficiency for clients. The 100-seat facility will operate 24/7, offering cyber threat intelligence and supporting LTIMindtree’s global cybersecurity network. It also [&hellip;]
- [RMC Switchgears to Set Up ₹100 Crore Solar Products Manufacturing Facility with 1 GWp Capacity in Jaipur , Stock Increases 5%](https://angelnews.in/rmc-switchgears-to-set-up-%e2%82%b9100-crore-solar-products-manufacturing-facility-with-1-gwp-capacity-in-jaipur-stock-increases-5/): RMC Switchgears Limited has announced plans to set up a ₹100 crore Solar Module Manufacturing Plant and a Module Mounting Structure facility in Jaipur, Rajasthan, with an annual capacity of 1 GWp. This expansion, located next to the company’s current plant in Badodiya Village, will be funded through internal accruals, equity, and debt, and is set to be operational by July 2025. The project will be executed via RMC Green Energy Pvt. Ltd., with RMC increasing its stake to nearly 100%. This strategic move will help RMC reduce external dependencies and strengthen its Solar EPC and IPP project capabilities. RMC aims [&hellip;]
- [Ministry of Defence Signs ₹13,500 Crore Contract with HAL for 12 Su-30MKI Aircraft](https://angelnews.in/ministry-of-defence-signs-%e2%82%b913500-crore-contract-with-hal-for-12-su-30mki-aircraft/): In a significant step towards the government&#8217;s &#8216;Aatmanirbhar Bharat&#8217; initiative, the Ministry of Defence and Hindustan Aeronautics Limited (HAL) have signed a contract for the procurement of 12 Su-30MKI aircraft along with related equipment on 12.12.2024. The deal, valued at approximately ₹13,500 crore, inclusive of taxes and duties, marks a major milestone in India&#8217;s defence capabilities. The aircraft will feature 62.6% indigenous content, a result of the increased indigenisation of several components that will be manufactured by the Indian defence industry. These aircraft will be produced at HAL&#8217;s Nasik division. The acquisition of these aircraft will significantly enhance the operational capability [&hellip;]
- [Tata Communications to Launch Kaleyra AI in Beta in Early 2025, Transforming Customer Interactions , Share price up 0.61%](https://angelnews.in/tata-communications-to-launch-kaleyra-ai-in-beta-in-early-2025-transforming-customer-interactions-share-price-up-0-61/): Tata Communications, a global leader in communications technology, has unveiled Kalevra AI, its cutting-edge, AI-powered flagship portfolio designed to transform customer interactions. This innovative suite introduces three key features that go beyond traditional communication tools. Seamlessly integrating with communication channels and live agent interfaces, the portfolio harnesses Generative AI (GenAI) to provide personalized, efficient, and highly engaging customer experiences. The initial features include: GenAI Template Generator for WhatsApp: This feature enables businesses to create customized templates and message variations specifically for WhatsApp. Future updates will expand this capability to other channels such as SMS and Rich Communication Services (RCS). By crafting [&hellip;]
- [Suzuki and Tata Elxsi Launch Offshore Development Center in Pune to Accelerate Sustainable Automotive Innovation](https://angelnews.in/suzuki-and-tata-elxsi-launch-offshore-development-center-in-pune-to-accelerate-sustainable-automotive-innovation/): Suzuki Motor Corporation and Tata Elxsi have inaugurated the ‘SUZUKI-TATA ELXSI Offshore Development Center’ in Pune, India. The new center will support Suzuki’s innovation in advanced engineering, with a focus on sustainable mobility, lightweight design, safety, and eco-friendly materials. Tata Elxsi will also help accelerate Suzuki’s efforts in next-gen powertrains, software-defined vehicles, and energy-efficient solutions for electric and hybrid vehicles. Suzuki’s Chief Technology Officer, Katsuhiro Kato, highlighted the center as essential to Suzuki&#8217;s strategy for advancing connected, autonomous, shared, and electric technologies. He noted that Tata Elxsi’s expertise in digital design and simulation is key to bringing innovative solutions to market. [&hellip;]
- [Reliance and Disney Complete ₹70,352 Crore Joint Venture to Transform India’s Entertainment Landscape](https://angelnews.in/reliance-and-disney-complete-%e2%82%b911500-crore-joint-venture-to-transform-indias-entertainment-landscape/): Reliance Industries Limited (RIL), Viacom18 Media Private Limited (Viacom18), and The Walt Disney Company (Disney) have announced the completion of their merger, following regulatory approvals from the NCLT Mumbai, the Competition Commission of India (CCI), and other authorities. The merger combines Viacom18’s media and JioCinema businesses with Star India Private Limited (SIPL), creating a new joint venture (JV). As part of the deal, RIL has invested ₹11,500 crore (~US$ 1.4 billion) into the JV, which is valued at ₹70,352 crore (~US$ 8.5 billion). The JV is now controlled by RIL, which holds 16.34%, with Viacom18 owning 46.82% and Disney holding 36.84%. [&hellip;]
- [Agro Tech Foods to Rebrand as Sundrop Brands Following Acquisition of Del Monte Foods](https://angelnews.in/agro-tech-foods-to-rebrand-as-sundrop-brands-following-acquisition-of-del-monte-foods/): Agro Tech Foods Limited (ATFL), a leading player in India’s food and edible oils industry, announced today its acquisition of 100% of Del Monte Foods Private Limited (DMFPL), subject to regulatory approvals. The move expands ATFL’s product portfolio and marks a significant step in its growth strategy. In line with the acquisition, ATFL plans to rebrand as Sundrop Brands to reflect its evolving vision. DMFPL is a joint venture with Bharti holding 59.29% and Del Monte Pacific Limited (DMPL) owning 40.71%. Both Bharti and DMPL will receive ATFL shares as part of the deal and become public shareholders. ATFL also gains [&hellip;]
- [Garden Reach Shipbuilders Q2 2025 Results : Total Income Increases 27% YOY To ₹1,228 Crore](https://angelnews.in/garden-reach-shipbuilders-q2-2025-results-total-income-increases-27-yoy-to-%e2%82%b91228-crore/): Garden Reach Shipbuilders &amp; Engineers Limited (GRSE), one of India&#8217;s leading warship manufacturers, has announced its financial results for the second quarter and half-year ending September 30, 2024. Key Highlights of Q2 FY25 Financial Performance: Total Income: ₹1,228 crore in Q2 FY25, up 27% from ₹969 crore in Q2 FY24. Revenue from Operations: ₹1,153 crore in Q2 FY25, reflecting a 28% growth from ₹898 crore in Q2 FY24. EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization): ₹144 crore in Q2 FY25, an increase of 20% from ₹120 crore in Q2 FY24. Profit Before Tax (PBT): ₹131 crore in Q2 FY25, a [&hellip;]
- [63 Moons Technologies Q2 2025 Results : Total Income at 76.56 Crores, Decreases 12.5% QOQ](https://angelnews.in/63-moons-technologies-q2-2025-results-total-income-at-76-56-crores-decreases-12-5-qoq/): 63 Moons Technologies Consolidated Unaudited Financial Results for the Quarter and Six Months Ended September 30, 2024 : For the quarter ended September 30, 2024, the company reported a decline in profitability, reflecting a challenging period. The results show a substantial decrease in both income and profit, alongside higher operational costs. Key highlights : Total Income The company achieved ₹7,656.18 lakhs in total income for Q2 2024, which is lower than the previous quarter&#8217;s ₹8,754.07 lakhs and significantly lower than ₹19,506.73 lakhs in Q2 2023. This decline was driven primarily by reduced operating income, particularly in the revenue from operations, which [&hellip;]
- [BHEL Won the Bid for NTPC's 3x800 MW Telangana Stage-II Supercritical Thermal Power Plant](https://angelnews.in/bhel-won-the-bid-for-ntpcs-3x800-mw-telangana-stage-ii-supercritical-thermal-power-plant/): Bharat Heavy Electricals Limited (BHEL) has emerged as the successful bidder for a significant contract from NTPC Ltd. to establish the Main Plant Package for the 3&#215;800 MW Telangana Stage-II supercritical thermal power plant. Under this contract, BHEL&#8217;s responsibilities include design, engineering, manufacturing, supply, erection, commissioning, and civil construction. BHEL has also received a Limited Notice to Proceed (LNTP) from NTPC Ltd. to begin basic engineering work for the Main Plant Package of the project. This achievement further reinforces BHEL&#8217;s strong partnership with NTPC, with BHEL having contributed over 57% of NTPC’s thermal power installations across India.
- [ITI Limited-Led Consortium Wins L1 Bid for Rs. 3,022 Crore BharatNet Middle Mile Project, Share Price Up 13.86%](https://angelnews.in/iti-limited-led-consortium-wins-l1-bid-for-rs-3022-crore-bharatnet-middle-mile-project-share-price-up-13-86/): ITI Limited, India&#8217;s first PSU post-independence and a leading telecom manufacturer, has emerged as the lowest bidder (L1) for the BharatNet Phase-3 Project. ITI, along with its consortium partner, secured Package No. 8 in Himachal Pradesh and Package No. 9 in West Bengal and the Andaman &amp; Nicobar Islands, with a total order value of ₹3,022 crore. This is part of a nationwide initiative to provide high-speed broadband connectivity to rural areas, with the goal of connecting 640,000 villages and Gram Panchayats. Mr. Rajesh Rai, CMD of ITI Limited, expressed company’s role in this nation-building project, highlighting its potential to bridge [&hellip;]
- [MapmyIndia Forms Joint Venture with Hyundai Autoever to Expand Business in Southeast Asia](https://angelnews.in/mapmyindia-forms-joint-venture-with-hyundai-autoever-to-expand-business-in-southeast-asia/): MapmyIndia has secured official board approval to form a joint venture (JV) with Hyundai Autoever, a fully owned subsidiary of Hyundai Kia. The JV, named PT Terra Link Technologies, will be based in Indonesia and will focus on providing map-based solutions for automotive OEMs and other businesses across Southeast Asia. MapmyIndia will hold a 40% stake in the JV, with an investment of $4 million, while Hyundai Autoever will hold the remaining 60% stake with a $6 million investment. The JV is expected to generate multimillion-dollar revenues over the next five years, starting from FY26, with both order bookings and revenue [&hellip;]
- [Sterlite Technologies Wins INR 1,625 Crore BharatNet Contract from BSNL , Share Price Up 4.34%](https://angelnews.in/sterlite-technologies-wins-inr-1625-crore-bharatnet-contract-from-bsnl-share-price-up-4-34/): Sterlite Technologies Limited announces that it has emerged as the L1 bidder for the Development (Creation, Upgradation, and Operation &amp; Maintenance) of the Middle Mile Network for BharatNet under the Design, Build, Operate, and Maintain (DBOM) Model&#8221; – Package 131, awarded by Bharat Sanchar Nigam Limited (BSNL). The contract involves the development and maintenance of the Middle Mile Network for BharatNet in Jammu &amp; Kashmir. The project will be executed over a period of three years for construction, followed by a 10-year maintenance contract, with an annual maintenance fee of 5.5% of the capital expenditure for the first five years and [&hellip;]
- [Godawari Power to Acquire 60% Stake in R.G. Pigments for Rs. 56.75 Crores to Expand Recycling Business](https://angelnews.in/godawari-power-to-acquire-60-stake-in-r-g-pigments-for-rs-56-75-crores-to-expand-recycling-business/): At its meeting held on November 6, 2024, the Board of Directors of Godawari Power and Ispat Limited approved the proposal to acquire up to a 60% equity stake in R. G. Pigments Private Limited (RGP) for a consideration of Rs. 56.75 Crores. RGP, which is engaged in the recycling of non-ferrous metal industrial waste, currently has a processing capacity of 7,500 MTPA, with plans to expand this capacity to 32,500 MTPA. The primary purpose of the acquisition is to diversify the Company’s business activities into the recycling of non-ferrous metal industrial waste, a business outside of its main operations. No [&hellip;]
- [Apollo Hospitals to Expand with New 500-Bed Hospital in Worli and Additional Beds in Lucknow](https://angelnews.in/apollo-hospitals-to-expand-with-new-500-bed-hospital-in-worli-and-additional-beds-in-lucknow/): Apollo Hospitals Worli LLP, a subsidiary of Apollo Hospitals Enterprise Limited, has signed a definitive agreement to build, operate, and manage a 500-bed hospital in Worli, Mumbai. Simultaneously, Apollo Medics International Lifesciences Limited, another subsidiary, has acquired 1.2 acres of land in Lucknow to expand its existing facility by an additional 200 beds. Currently, Apollo Hospitals Enterprise Limited operates around 9,363 beds on a consolidated basis, which includes 7,942 owned beds, 790 under operation and management, and 631 dedicated to day surgery and birthing. The new facility in Worli will be developed through a Build, Operate, and Manage project in collaboration [&hellip;]
- [Eicher Motors: Royal Enfield has Sold 110574 Units in October 2024, Surpassing 100,000 Sales](https://angelnews.in/eicher-motors-royal-enfield-has-sold-110574-units-in-october-2024-surpassing-100000-sales/): In October 2024, Royal Enfield achieved record monthly sales of 110,574 motorcycles, marking the highest figures in the brand&#8217;s history. This represents a 31% increase compared to the same month last year, when 84,435 motorcycles were sold. The company also exported 8,688 motorcycles this October, up from 3,477 during the same period last year. B. Govindarajan, CEO of Royal Enfield, commented on the outstanding performance: “October has been remarkable for Royal Enfield, with over 100,000 sales in a single month! This has been our biggest festive season sale, surpassing all previous records. Last month, we entered the Bangladesh market, and the [&hellip;]
- [Mahindra Auto Sets Record with 54,504 SUV Sales in October 2024, Achieving 25% YOY Growth In Utility Vehicles Segment](https://angelnews.in/mahindra-auto-sets-record-with-54504-suv-sales-in-october-2024-achieving-25-yoy-growth-in-utility-vehicles-segment/): Mahindra &amp; Mahindra Ltd. (M&amp;M Ltd.), a leading automotive company in India, reported total auto sales of 96,648 vehicles for September 2024, including exports. Within the Utility Vehicles segment, domestic sales reached 54,504 units, reflecting a 25% growth, while total sales including exports tallied 55,571 vehicles. In the Commercial Vehicles category, domestic sales stood at 28,812 units. Veejay Nakra, President of the Automotive Division at M&amp;M Ltd., expressed excitement over achieving the highest-ever SUV sales of 54,504 vehicles in October, representing a 25% increase, and a total volume of 96,648 vehicles, up by 20%. The month began strongly with the Thar [&hellip;]
- [Ashoka Buildcon Declared Lowest Bidder for 400/220 kV Substation Project in Amravati](https://angelnews.in/ashoka-buildcon-declared-lowest-bidder-for-400-220-kv-substation-project-in-amravati/): Ashoka Buildcon Limited announces that it has submitted a bid for a project with Maharashtra State Electricity Transmission Co. Ltd. and has been declared the Lowest Bidder (L-1). The quoted bid price for the project is Rs. 312.13 Crore, inclusive of GST. The contract involves the establishment of a 400/220 kV substation (EPC Work) at Nandgaon Peth in District Amravati, along with associated transmission lines under the Amravati Zone of MSETCL. This contract is awarded by a domestic entity and is expected to be executed within 18 calendar months, excluding the monsoon season.
- [Garden Reach Shipbuilders has Obtained a ₹491 Crore Order for a Research Vessel from NPOL](https://angelnews.in/garden-reach-shipbuilders-has-obtained-a-%e2%82%b9491-crore-order-for-a-research-vessel-from-npol/): On October 29, 2024, Garden Reach Shipbuilders and Engineers (GRSE) Ltd signed a ₹490.98 crore contract with the Naval Physical and Oceanographic Laboratory (NPOL) to construct an Acoustic Research Ship (ARS). This project highlights GRSE’s expertise in specialized vessel construction. The ARS will be 90 meters long, 14 meters wide, and capable of speeds between 4 and 12 knots, with a range of 4,500 nautical miles for 30 days. It will support a crew of 70 and be equipped for various research tasks, including deploying acoustic modules and conducting high-resolution surveys. The vessel will feature a dynamic positioning system for stability [&hellip;]
- [Jio and BlackRock Incorporate Jio BlackRock Asset Management and Jio BlackRock Trustee Private Limited for New Mutual Fund Venture](https://angelnews.in/jio-and-blackrock-incorporate-jio-blackrock-asset-management-and-jio-blackrock-trustee-private-limited-for-new-mutual-fund-venture/): The announcement has been made regarding the incorporation of two companies, “Jio BlackRock Asset Management Private Limited” and “Jio BlackRock Trustee Private Limited,” on October 28, 2024. These companies will primarily focus on mutual fund operations, pending regulatory approvals. Jio plans to invest in the following initial subscriptions: for Jio BlackRock Asset Management Private Limited, it will acquire 8,25,00,000 equity shares at a face value of Rs. 10/- each, totaling Rs. 82.50 crore for a 50% stake; for Jio BlackRock Trustee Private Limited, it will purchase 4,00,000 equity shares at a face value of Rs. 10/- each, amounting to Rs. 40 [&hellip;]
- [JSW Group and POSCO have Signed an MoU to Develop a 5 Million Tonne Per Year Integrated Steel Plant in India](https://angelnews.in/jsw-group-and-posco-have-signed-an-mou-to-develop-a-5-million-tonne-per-year-integrated-steel-plant-in-india/): JSW Group (JSW), one of India&#8217;s fastest-growing conglomerates, has signed a Memorandum of Understanding (MoU) with Korea’s POSCO Group (POSCO) to establish a framework for collaboration in the steel, battery materials, and renewable energy sectors in India. This partnership aims to develop an integrated steel plant with an initial capacity of 5 million tonnes per annum (MTPA), capitalizing on India’s robust economic growth and rising steel demand. Additionally, the two groups will explore opportunities in battery materials for electric vehicles (EVs) and renewable energy solutions to meet the plant&#8217;s requirements. Combining JSW&#8217;s strong manufacturing capabilities and project execution with POSCO&#8217;s technological [&hellip;]
- [EFC Limited Expands Presence with New 78,084 Sq. Ft. Lease in Hyderabad](https://angelnews.in/efc-limited-expands-presence-with-new-78084-sq-ft-lease-in-hyderabad/): EFC Limited has signed a Letter of Intent (LOI) for the lease of a property covering 78,084 square feet in Hyderabad. This new lease complements the existing space at Silicon Towers, bringing the total to approximately 200,000 square feet within a single building and providing seating capacity for over 1,700 across three floors. This consolidation aims to enhance cost efficiency, simplify management, and improve service offerings. The acquisition represents an expansion of EFC Limited&#8217;s serviced office portfolio and addresses the evolving needs of the market. The newly acquired space will contribute to the company&#8217;s mission of delivering facilities and services. &nbsp;
- [Motilal Oswal Financial Services Q2 FY2025 Results : Announces Record Quarterly PAT of ₹1,242 Crore](https://angelnews.in/motilal-oswal-financial-services-q2-fy2025-results-announces-record-quarterly-pat-of-%e2%82%b91242-crore/): Motilal Oswal Financial Services Ltd. reported its results for the quarter and half-year ending September 30, 2024, following approval by the Board of Directors at a meeting in Mumbai on October 28, 2024. Key Highlights for Q2 FY25 Consolidated PAT (including Other Comprehensive Income) for Q2 FY25 reached ₹1,242 crore, a 123% increase year-on-year, with a RoE of 48%. Consolidated operating net revenue for Q2 FY25 was ₹1,366 crore, up 46% YoY. Consolidated operating PAT for Q2 FY25 stood at ₹541 crore, a 53% increase YoY. Wealth Management business PAT for Q2 FY25 amounted to ₹225 crore, up 71% YoY. Asset [&hellip;]
- [Cyient Invests in Azimuth AI to Develop Advanced ASIC Chips and Enhance Semiconductor Expertise](https://angelnews.in/cyient-invests-in-azimuth-ai-to-develop-advanced-asic-chips-and-enhance-semiconductor-expertise/): Cyient, a global leader in Intelligent Engineering services, has acquired a 27.3% stake in Azimuth AI, a fabless custom ASIC company specializing in intelligent energy solutions. This investment marks a significant milestone in Cyient&#8217;s semiconductor strategy, aimed at driving growth in the industry. Krishna Bodanapu, Executive Vice-Chairman and Managing Director of Cyient, noted that India is becoming a hub for chip development, particularly in power-efficient systems. He emphasized that this partnership will strengthen their focus on developing cutting-edge ASIC chips in India for a global market. Praveen Yasarapu, Founder and CEO of Azimuth AI, expressed excitement about the collaboration, highlighting the [&hellip;]
- [SpiceJet Introduces 32 New Flights for the Winter Schedule, Enhancing Domestic and International Connectivity](https://angelnews.in/spicejet-introduces-32-new-flights-for-the-winter-schedule-enhancing-domestic-and-international-connectivity/): SpiceJet announces 32 new flights for its winter schedule, starting October 27, 2024. This includes 30 domestic flights and two daily non-stop services from Delhi to Phuket, aimed at enhancing connectivity and offering more options for travelers. New routes feature four flights from Mumbai to Patna, Gorakhpur, Varanasi, and Goa, along with connections from Patna to Ahmedabad, Guwahati, Kolkata, and Bengaluru, and from Chennai to Port Blair and Pune. Debojo Maharshi, Chief Business Officer, highlighted the airline&#8217;s commitment to seamless connectivity and an improved customer experience. He also mentioned that SpiceJet plans to add more flights in the coming weeks as [&hellip;]
- [GAIL and VERBIO India have Signed an MoU to Develop CBG Projects from Agricultural Residues](https://angelnews.in/gail-and-verbio-india-have-signed-an-mou-to-develop-cbg-projects-from-agricultural-residues/): GAIL (India) Limited and VERBIO India Private Limited have signed a Memorandum of Understanding (MoU) to explore the establishment of Compressed Biogas (CBG) plants in India using agricultural residues. The agreement was signed by GAIL&#8217;s Executive Director, Shri Sumit Kishore, and VERBIO&#8217;s Managing Director, Shri Ashish Kumar, in the presence of GAIL&#8217;s C&amp;MD, Shri Sandeep Kumar Gupta, and VERBIO&#8217;s CEO, Shri Claus Sauter. This collaboration aims to leverage both companies’ strengths to promote sustainable energy solutions and enhance the utilization of agricultural waste. The parties will identify suitable locations for greenfield CBG plants and conduct feasibility studies. Depending on the outcomes, [&hellip;]
- [Paisalo Digital Partners with Mahindra Last Mile Mobility to Finance its Three and Four Wheelers](https://angelnews.in/paisalo-digital-partners-with-mahindra-last-mile-mobility-to-finance-its-three-and-four-wheelers/): Paisalo Digital Limited, a prominent non-banking financial company (NBFC), has teamed up with Mahindra Last Mile Mobility Limited (MLMML), a subsidiary of Mahindra and Mahindra (M&amp;M), to meet the rising demand for commercial electric vehicles (EVs) by enhancing financing options and supporting India’s shift towards sustainable mobility. Paisalo Digital will provide customized financing solutions for individuals and businesses interested in investing in MLMML’s commercial electric and internal combustion engine (ICE) three- and four-wheelers. Mr. Santanu Agarwal, Deputy Managing Director of Paisalo Digital, remarked, “With the holiday season around the corner, this partnership is perfectly positioned to capitalize on India’s seasonal buying [&hellip;]
- [Kings Infra Receives Approval for 16 Antibiotic-Free Products from Coastal Aquaculture Authority](https://angelnews.in/kings-infra-receives-approval-for-16-antibiotic-free-products-from-coastal-aquaculture-authority/): The Coastal Aquaculture Authority has approved 16 products from Kings Infra’s Aquaculture Healthcare Division, as announced on October 21, 2024. This approval, which is valid for five years, underscores the company’s commitment to sustainable aquaculture. Under the leadership of Dr. N. Pushparajan, Kings Infra’s R&amp;D team developed these formulations over the past two years at their facility in Tuticorin, following successful trials at Kings Aquafarm in Chippikkulam. The product range includes mineral mixes, feed supplements, probiotics, and various health enhancers, all of which are now available commercially under the “AQUA KING” brand. In addition to the CAA certification, these products also [&hellip;]
- [Tata Power and Keppel have Partnered to Introduce Cooling-as-a-Service Solutions in India](https://angelnews.in/tata-power-and-keppel-have-partnered-to-introduce-cooling-as-a-service-solutions-in-india/): Tata Power Trading Company Limited (TPTCL), a subsidiary of Tata Power, has teamed up with Singapore-based Keppel to launch Cooling-as-a-Service (CaaS) solutions in India. This initiative allows businesses to access long-term, energy-efficient cooling without significant infrastructure investment, leading to substantial energy and cost savings. The collaboration aligns with India’s Cooling Action Plan and Smart Cities Mission, focusing on high-demand areas like airports, IT parks, and data centers. By implementing District Cooling Systems (DCS), energy use can be reduced by up to 40% and carbon emissions by 50%. Tata Power will leverage its local market expertise and infrastructure, while Keppel will apply [&hellip;]
- [NETWEB Expands NVIDIA MGX Server Offerings with India’s First ‘Make in India’ Tyrone Servers](https://angelnews.in/netweb-expands-nvidia-mgx-server-offerings-with-indias-first-make-in-india-tyrone-servers/): NETWEB (NSE: NETWEB, BSE: 543945), a leading Indian OEM in high-end computing, has announced an expansion of its NVIDIA MGX platform-based server offerings, introducing India’s first ‘Make in India’ Tyrone servers featuring NVIDIA MGX-based Grace and NVIDIA GH200 Grace Hopper Superchips. These servers will support both off-premises and on-premises AI cloud infrastructure, along with related software and services for generative AI and scientific innovation. With over ten models in its flagship Tyrone range, Netweb emphasizes its capabilities in end-to-end design, production, and architecture, significantly advancing AI R&amp;D and manufacturing in India. Sanjay Lodha, Managing Director &amp; CEO, highlighted that their decade-long [&hellip;]
- [TCS Unveils NVIDIA Business Unit to Speed Up AI Adoption for Clients in Various Sectors](https://angelnews.in/tcs-unveils-nvidia-business-unit-to-speed-up-ai-adoption-for-clients-in-various-sectors/): Tata Consultancy Services is expanding its collaboration with NVIDIA to accelerate AI adoption across various industries. This initiative will be facilitated through a newly established NVIDIA-focused business unit within TCS’s AI.Cloud division, building on over five years of partnership. The unit aims to deliver tailored AI solutions by leveraging both organizations&#8217; strengths and addressing the unique AI adoption journeys of enterprises. A recent TCS AI for Business Study highlights the lack of a unified AI strategy among companies, underscoring the need for customized AI models that align with existing business practices. TCS will provide curated AI adoption strategies through global centers [&hellip;]
- [Tata Communications Unveils Major AI Cloud Upgrade in India with NVIDIA Hopper GPUs](https://angelnews.in/tata-communications-unveils-major-ai-cloud-upgrade-in-india-with-nvidia-hopper-gpus/): Tata Communications has announced a significant upgrade to its AI cloud infrastructure in India, utilizing NVIDIA Hopper GPUs. This collaboration marks a key advancement in the country’s AI landscape, enabling AI applications across sectors such as manufacturing, healthcare, retail, and banking. The upgrade will incorporate advanced NVIDIA software solutions, including NIM microservices and the Omniverse platform, offering businesses a comprehensive suite of tools for AI-driven simulation and automation. The first phase of Hopper GPU deployment is set to begin by the end of this year, positioning Tata Communications among India’s largest cloud-based supercomputers, with a second phase planned for 2025. Additionally, [&hellip;]
- [Aurionpro Wins Key Project to Transform Corporate Banking for a Leading Bank in South Asia](https://angelnews.in/aurionpro-wins-key-project-to-transform-corporate-banking-for-a-leading-bank-in-south-asia/): Aurionpro announces a significant multi-million-dollar win, building on its recent successes in the Asian market. The new project involves the implementation of iCashpro+, Aurionpro’s comprehensive Transaction Banking Solution, for a leading bank across several South Asian countries. This initiative aims to enhance the customer experience for the bank’s corporate clients and reinforces Aurionpro’s position as a leader in innovative digital banking solutions. By delivering iCashpro+ to another prominent bank, Aurionpro solidifies its role as a preferred technology provider, offering advanced fintech innovations such as AI-powered analytics. iCashpro+ includes advanced cash management tools like digital payments and liquidity management, streamlining transactions and [&hellip;]
- [Ashok Leyland's OHM Global Mobility Secures Order for 500 Electric Buses from MTC, Chennai](https://angelnews.in/ashok-leylands-ohm-global-mobility-secures-order-for-500-electric-buses-from-mtc-chennai/): Ashok Leyland, the flagship of the Hinduja Group and a leading Indian commercial vehicle manufacturer, has announced that its subsidiary, OHM Global Mobility, has secured an order for 500 ultra-low floor electric buses from the Metropolitan Transport Corporation (MTC) in Chennai. This order reinforces Ashok Leyland&#8217;s strong presence in the bus market and supports its commitment to sustainable urban transport. Switch Mobility will supply the EiV12 model buses to OHM, which will operate and maintain them for 12 years. Of the 500 buses, 400 will be non-AC and 100 will have air conditioning, ensuring passenger comfort. Designed to seat 37 passengers [&hellip;]
- [HCLTech and Transport for NSW Renew Partnership to Elevate Customer Transport Experience](https://angelnews.in/hcltech-and-transport-for-nsw-renew-partnership-to-elevate-customer-transport-experience/): HCLTech, a prominent global technology firm, has renewed its partnership with Transport for NSW, the transport and roads agency of the New South Wales Government, to enhance world-class transport services for customers. Under a new five-year agreement, HCLTech will provide comprehensive managed services for critical business and operational applications, platforms, and cloud operations, incorporating embedded security services. This partnership will also focus on continuous improvement, innovation driven by AI and automation, and significant enhancement services, creating a future-ready platform for integrating transport applications, services, and business sectors. HCLTech aims to scale and future-proof Transport for NSW&#8217;s technology by developing a resilient, [&hellip;]
- [Wealthtime Partners with Wipro and GBST to Launch Enhanced Digital Platform for Advisers](https://angelnews.in/wealthtime-partners-with-wipro-and-gbst-to-launch-enhanced-digital-platform-for-advisers/): Wealthtime, an adviser-focused platform, has partnered with Wipro (NYSE: WIT, BSE: 507685, NSE: WIPRO) and global technology partner GBST to enhance its digital services. This collaboration aims to unify the Wealthtime and Wealthtime Classic platforms under a single brand, leveraging GBST technology to support long-term growth and meet the evolving needs of advisers and their clients. Wipro and GBST will implement a co-delivery model for comprehensive platform services, utilizing Wipro’s expertise in operational excellence and digital transformation, particularly in UK financial services. This partnership also extends Wealthtime’s existing relationship with GBST, with plans for significant enhancements in 2025. Wealthtime’s Operations and [&hellip;]
- [Infosys Strengthens Partnership with Meta: Launches Center of Excellence to Propel Enterprise AI Innovation via Open Source](https://angelnews.in/infosys-strengthens-partnership-with-meta-launches-center-of-excellence-to-propel-enterprise-ai-innovation-via-open-source/): Infosys (NSE, BSE, NYSE: INFY) has strengthened its collaboration with Meta to promote generative AI innovation via open-source initiatives. A champion of open-source software, Infosys is committed to democratizing AI by leveraging Meta’s Llama stack, a suite of open-source large language models. To accelerate the adoption of this technology, Infosys has launched a Meta Center of Excellence (COE), aimed at enhancing enterprise AI integration and fostering contributions to open-source communities. This center will develop industry-specific use cases and help customers adopt the Llama stack seamlessly. As an early partner for the Llama 3.1 and 3.2 models, Infosys integrates these with its [&hellip;]
- [Syrma SGS Technology Unveils 1.20 Million Square Feet Electronics Manufacturing Facility in Ranjangaon, Creating 1,000 Jobs](https://angelnews.in/syrma-sgs-technology-unveils-1-20-million-square-feet-electronics-manufacturing-facility-in-ranjangaon-creating-1000-jobs/): Syrma SGS Technology Limited, a top electronics design and manufacturing company in India, has opened its largest integrated manufacturing facility in Ranjangaon, near Pune. Inaugurated by key customers and Executive Chairman Mr. Sandeep Tandon, the campus covers 26.5 acres with a peak manufacturing area of 1.20 million square feet. The facility aims to enhance PCB (Printed Circuit Board) assembly capabilities to meet the growing domestic demand, particularly in the automotive and industrial sectors. The first phase, spanning over 60,000 square feet, is expected to create around 1,000 direct jobs. Mr. Tandon stated that Syrma SGS is committed to innovation and excellence [&hellip;]
- [CAMS Strengthens Its Presence in GIFT City with New Office Launch](https://angelnews.in/cams-strengthens-its-presence-in-gift-city-with-new-office-launch/): Computer Age Management Services Limited (CAMS), India’s leading registrar and transfer agent for mutual funds, has opened its second office at GIFT City SEZ in Gandhinagar. As one of the first RTAs to operate in this emerging financial hub, CAMS provides fund administration services to institutions launching funds globally. GIFT City is becoming a key destination for both global and Indian funds, offering a supportive regulatory environment and excellent infrastructure. CAMS’s new facility aligns with its clients&#8217; growth strategies and enhances its service offerings, including transfer agency, fund administration, and compliance services. Anuj Kumar, Managing Director of CAMS, stated, “GIFT City’s [&hellip;]
- [DroneAcharya Partners with Krattworks for Local Defense Drone Manufacturing in India](https://angelnews.in/droneacharya-partners-with-krattworks-for-local-defense-drone-manufacturing-in-india/): DroneAcharya Aerial Innovations Limited announces its partnership with Krattworks Ltd., a leading Estonian defense drone technology company. This collaboration will focus on local manufacturing and distribution of Krattworks&#8217; advanced defense products in India, aligning with the &#8220;Make in India&#8221; initiative. Krattworks specializes in cutting-edge drone solutions, including jamming-resistant tactical ISR drones and fixed-wing aerial target drones designed for critical defense applications like surveillance and border patrol. The company has a strong track record, having received a $6 million investment from the European Defense Fund for its Project BadB, which aims to develop independent navigation solutions for unmanned systems in contested environments. [&hellip;]
- [AGS Transact Technologies Launches UPI QR Cash Withdrawals at 1,000+ ATMs for Card-Free Banking](https://angelnews.in/gs-transact-technologies-launches-upi-qr-cash-withdrawals-at-1000-atms-for-card-free-banking/): AGS Transact Technologies Limited (BSE: 543451 &amp; NSE: AGSTRA), a leading provider of integrated omni-channel payment solutions in India, has announced the implementation of UPI QR-based cash withdrawals at ATMs for a prominent public sector bank with a network of over 1,000 ATMs. This new feature allows customers to withdraw cash by simply scanning a QR code from their bank’s app, providing a quicker, card-free banking experience. The UPI QR integration not only enhances user convenience at the bank&#8217;s ATMs but also reduces the risk of card-related fraud. This initiative is expected to increase cash withdrawals at ATMs in both urban [&hellip;]
- [JSW Energy Signs PPA with Solar Energy Corporation of India for a 700 MW Solar Project](https://angelnews.in/jsw-energy-signs-ppa-with-solar-energy-corporation-of-india-for-a-700-mw-solar-project/): JSW Renew Energy Eleven Limited, a subsidiary of JSW Energy Limited, has entered into a Power Purchase Agreement (“PPA”) with the Solar Energy Corporation of India Limited (“SECI”) for 700 MW of ISTS-connected solar capacity awarded under SECI Tranche XIII. This PPA is for a 25-year term with a tariff rate of ₹2.56/kWh. The project is expected to be commissioned within 24 months. JSW Energy aims to achieve an operational capacity of 10 GW by FY 2025 and currently has 7.9 GW of capacity across thermal, hydro, and renewable energy sources. Additionally, the company has secured 16.2 GWh of energy storage [&hellip;]
- [HSCC (India) Limited, a Subsidiary of NBCC, Secures Major Healthcare Construction Projects Worth ₹1,322.48 Crores](https://angelnews.in/hscc-india-limited-a-subsidiary-of-nbcc-secures-major-healthcare-construction-projects-worth-%e2%82%b91322-48-crores/): HSCC (India) Limited, a wholly owned subsidiary of NBCC (India) Limited, has recently secured several significant projects. One of the key undertakings involves the construction of an additional 500 beds at the ESIC Medical College and Hospital in Faridabad, enhancing its capacity from 650 to 1,150 beds. This project is being executed on a deposit mode basis for the Employees State Insurance Corporation, Government of India, with an approximate value of ₹642.69 crores. Additionally, HSCC has been awarded the construction of a 500-bedded ESIC Hospital in Manesar (Gurugram), Haryana, also on a deposit mode basis, valued at ₹679.79 crores. In total, [&hellip;]
- [LTIMindtree Unveils ‘AI-Smart Underwriter’ Solution in Partnership with ServiceNow](https://angelnews.in/ltimindtree-unveils-ai-smart-underwriter-solution-in-partnership-with-servicenow/): LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting firm, has launched the ‘AI-Smart Underwriter’ solution in partnership with ServiceNow. This innovative platform aims to enhance underwriting efficiency by enabling data- and AI-driven decision-making. It offers a unified view of risk and automates various processes, allowing underwriting teams to focus on critical decisions like risk selection and pricing. Nachiket Deshpande, COO of LTIMindtree, highlighted the partnership&#8217;s goal of helping underwriters achieve profitable growth through intelligent automation and insights. Erica Volini, SVP of Global Partnerships at ServiceNow, emphasized the importance of this collaboration in creating a more agile and adaptive underwriting experience. [&hellip;]
- [Info Edge Approves Rs. 30 Crore Investment in Wholly-Owned Subsidiary Redstart Labs](https://angelnews.in/info-edge-approves-rs-30-crore-investment-in-wholly-owned-subsidiary-redstart-labs/): In its Committee of Executive Directors meeting on October 22, 2024, Info Edge approved an investment of Rs. 30 Crores in Redstart Labs (India) Limited, a wholly-owned subsidiary of the Company. Redstart, located at Ground Floor, 12A 94, Meghdoot, Nehru Place, Delhi-110019, has a turnover of zero as of March 31, 2024, and reported a loss of Rs. 33,182,392 with a net worth of Rs. 148,111,117. The Company holds a 100% stake in Redstart, categorizing this investment as a related party transaction, though the promoters have no interest in it, and the transaction is conducted on an arm’s length basis. Operating [&hellip;]
- [MRF Limited Acquires 26% Stake in Clean Max Omni Private Limited to Boost Renewable Energy Usage](https://angelnews.in/mrf-limited-acquires-26-stake-in-clean-max-omni-private-limited-to-boost-renewable-energy-usage/): MRF Limited has signed a captive power purchase agreement with Clean Max Omni Private Limited to acquire hybrid power under the Government&#8217;s captive power policy, aiming to acquire up to 26% of the company&#8217;s paid-up equity. Clean Max Omni, incorporated on July 10, 2023, under the Companies Act, 2013, focuses on developing clean and green energy for the benefit of all stakeholders. With its registered office in Mumbai, the company has not yet commenced commercial operations, resulting in a turnover of zero since its incorporation. This acquisition does not fall under related party transactions, and there are no interests from promoters [&hellip;]
- [Remsons Holding Ltd Acquires 51% Stake in BEE Lighting, Expanding into Automotive Lighting Sector](https://angelnews.in/remsons-holding-ltd-acquires-51-stake-in-bee-lighting-expanding-into-automotive-lighting-sector/): Remsons Holding Ltd, a wholly owned subsidiary of Remsons Industries Limited announces its acquisition of a 51% equity stake in BEE LIGHTING, a leader in automotive lighting design and manufacturing. This strategic move is a key part of Remsons&#8217; plan to diversify its product portfolio by entering the automotive lighting market and leveraging BEE’s established customer base in the Luxury, Super, Hyper-Car, and EV segments. Rahul Kejriwal, Executive Director of Remsons, stated, “We are thrilled to welcome BEE LIGHTING. This acquisition not only enhances our offerings but also allows us to enter the lighting market with BEE&#8217;s expertise and innovation, providing [&hellip;]
- [TVS Motor Company Unveils New Apache RTR 310 at National Bikers Weekend in Singapore](https://angelnews.in/tvs-motor-company-unveils-new-apache-rtr-310-at-national-bikers-weekend-in-singapore/): TVS Motor Company (TVSM) has officially launched the much-anticipated TVS Apache RTR 310 at the National Bikers Weekend in Singapore, an event that draws motorcycle enthusiasts from across the region. The RTR 310 features a unique reverse inclined DOHC engine, which enhances mass centralization for improved handling and performance. With advanced technology such as bidirectional quickshifting, dynamic stability control, and customizable ride modes. The exhibition, held from October 18 to 20, 2024, showcased not only the new RTR 310 but also the broader Apache lineup, drawing significant attention from attendees eager to explore the latest innovations in the motorcycle world. With [&hellip;]
- [AGS Transact Technologies Introduces Zero-KYC NCMC for Bengaluru Metro to Enhance Commuting Experience](https://angelnews.in/ags-transact-technologies-introduces-zero-kyc-ncmc-for-bengaluru-metro-to-enhance-commuting-experience/): AGS Transact Technologies Limited (BSE: 543451 &amp; NSE: AGSTRA), a prominent payments provider in India, has launched zero-KYC National Common Mobility Cards (NCMC) for the Bengaluru Metro Rail Corporation in partnership with RBL Bank. This initiative enables faster card issuance without full KYC verification, allowing users to load up to INR 2,000 for use across various transport modes, including Metro, buses, and tolls. Since March 2023, AGS Transact has issued over 57,000 NCMCs for BMRCL, generating revenue through issuance and interchange fees. The zero-KYC NCMC supports the Government of India&#8217;s One Card One Nation vision, offering a seamless payment solution across [&hellip;]
- [Mastek Collaborates with Innovaccer to Revolutionize Value-Based Care and Elevate the Patient Experience](https://angelnews.in/mastek-collaborates-with-innovaccer-to-revolutionize-value-based-care-and-elevate-the-patient-experience/): Mastek (NSE: MASTEK; BSE: 523704), a trusted partner in digital engineering and cloud transformation, has announced a strategic partnership with Innovaccer, a leading healthcare AI company. This collaboration aims to enhance outcomes while reducing costs and meeting performance targets. By integrating Innovaccer’s expertise in data, customer experience, AI, and analytics, Mastek plans to refine its healthcare focus and create impactful service offerings through a targeted value-based care model. Together, they aspire to provide comprehensive solutions that empower healthcare organizations to deliver exceptional patient experiences, improve health outcomes, and enhance care quality for all while ensuring affordability. Innovaccer’s AI-powered Health Experience Platform [&hellip;]
- [G E Shipping Announces Delivery of Supramax Dry Bulk Carrier "Jag Rani," Built in 2011](https://angelnews.in/g-e-shipping-announces-delivery-of-supramax-dry-bulk-carrier-jag-rani-built-in-2011/): The Great Eastern Shipping Company Limited (G E Shipping) has delivered its Supramax Dry Bulk Carrier &#8220;Jag Rani,&#8221; built in 2011, to the buyers. The vessel was contracted for sale in August 2024. With the sale of Jag Rani, the company’s fleet currently consists of 41 vessels, including 28 tankers (6 crude carriers, 18 product carriers, and 4 LPG carriers) and 13 dry bulk carriers (2 Capesize, 8 Kamsarmax, and 3 Supramax), totaling 3.31 million dwt. Furthermore, the company has a contract to sell one Suezmax crude tanker in September 2024, which is expected to be delivered by the third quarter [&hellip;]
- [Gensol Engineering and Matrix Gas & Renewables Consortium Secures Project to Create India’s First Green Hydrogen-Powered Steel Facility](https://angelnews.in/gensol-engineering-and-matrix-gas-renewables-consortium-secures-project-to-create-indias-first-green-hydrogen-powered-steel-facility/): Gensol Engineering Limited (BSE: 542851, NSE: GENSOL) has partnered with Matrix Gas &amp; Renewables to establish India’s first and largest Green Steel production facility, powered entirely by Green Hydrogen. This initiative, supported by the Government of India with a 50% capital expenditure incentive, represents a significant advancement in sustainable steel manufacturing. The facility will employ direct reduced iron (DRI) vertical shaft technology, designed for Indian-grade ore, and aims to support similar projects for medium- to small-scale producers in Chhattisgarh, Odisha, and beyond. By replacing fossil fuels with green hydrogen, this project will eliminate CO₂ emissions associated with traditional sponge iron production. [&hellip;]
- [JSW Neo Energy Limited to Acquire 125 MW Wind Energy Portfolio from Hetero Group](https://angelnews.in/jsw-neo-energy-limited-to-acquire-125-mw-wind-energy-portfolio-from-hetero-group/): JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited, has agreed to acquire three Special Purpose Vehicles (SPVs) from Hetero Group, totaling 125 MW of renewable energy capacity: Hetero Wind Power Limited, Hetero Wind Power (Pennar) Private Limited, and Hetero Med Solutions Limited, with a combined revenue from operations of INR 143.5 crores in FY 2023-24. This acquisition does not involve any related party transactions. The entities operate within the renewable power generation sector, and the acquisition aligns with JSW Neo Energy’s goal to reach a capacity of 10 GW by FY 2025 and 20 GW by 2030. [&hellip;]
- [Garden Reach Shipbuilders Secures ₹491 Crore Contract from Naval Physical and Oceanographic Laboratory](https://angelnews.in/garden-reach-shipbuilders-secures-%e2%82%b9491-crore-contract-from-naval-physical-and-oceanographic-laboratory/): Garden Reach Shipbuilders has received letters of intent for a contract worth ₹491 crore for the design, development, construction, equipment integration, testing, certification, commissioning, and supply of one Acoustic Research Ship (ARS) from the Naval Physical and Oceanographic Laboratory, Ministry of Defence DRDO, located in Kochi. The order must be executed within 36 months from the date of signing the contract.
- [KIMS Signs MoU with Wipro GE Healthcare Worth Up to INR 700 Crore](https://angelnews.in/kims-signs-mou-with-wipro-ge-healthcare-worth-up-to-inr-700-crore/): Krishna Institute of Medical Sciences (KIMS) has signed a Memorandum of Understanding (MoU) with Wipro GE Healthcare for medical technology and services valued at up to INR 700 crore. Over the next three years, Wipro GE Healthcare will provide KIMS with a range of products, including PET CTs, MRIs, and critical care equipment, as part of its role as an end-to-end medical technology partner. Dr. Bhaskar Rao, Chairman &amp; Managing Director of KIMS, highlighted the partnership&#8217;s aim to enhance healthcare quality in Southern and Western India through Wipro GE Healthcare’s extensive local presence and service capabilities. Chaitanya Sarawate, Managing Director of [&hellip;]
- [SASVA 2.0: The Next Generation of AI-Powered Platform from Persistent Systems, Details](https://angelnews.in/sasva-2-0-the-next-generation-of-ai-powered-platform-from-persistent-systems-details/): Persistent Systems has launched SASVA 2.0, the latest version of its AI-driven platform that transforms software engineering through generative and deterministic AI. This innovative platform enhances productivity throughout the development process and expands beyond the traditional Software Development Lifecycle (SDLC), offering a comprehensive solution from ideation to post-deployment. SASVA 2.0 features interactive workflows that yield meaningful, scalable results for product managers, developers, and support teams, redefining their roles throughout the software development lifecycle. It boosts efficiency by conducting thorough project assessments, utilizing historical data for prioritized roadmaps, transforming requirements into actionable plans, streamlining development with AI assistance, and providing real-time insights [&hellip;]
- [Kaushalya Logistics Begins Operations at the Amritsar Depot for JK Cement](https://angelnews.in/kaushalya-logistics-begins-operations-at-the-amritsar-depot-for-jk-cement/): Kaushalya Logistics Limited (NSE: KLL) has launched operations at its Amritsar depot in Punjab as of October 18, 2024. This facility aims to enhance the distribution of JK Cement’s products, improving operational efficiency and delivery times. As one of India’s top five cement manufacturers, JK Cement&#8217;s strong market presence bolsters KLL’s reputation as a trusted logistics provider. The Amritsar depot will serve as a crucial hub for the northern region, allowing KLL to better meet the logistics needs of JK Cement and other potential clients. KLL expects the new depot to increase distribution capacity, enhance service coverage, and expedite deliveries. Mr. [&hellip;]
- [JSW Energy has Signed Power Purchase Agreements for 1,200 MW of Solar-Wind Hybrid Capacity with MSEDCL](https://angelnews.in/jsw-energy-has-signed-power-purchase-agreements-for-1200-mw-of-solar-wind-hybrid-capacity-with-msedcl/): JSW Renew Energy Six Limited and JSW Renew Energy Thirty Limited, both subsidiaries of JSW Energy Limited, have entered into Power Purchase Agreements with Maharashtra State Electricity Distribution Company Ltd (“MSEDCL”) for Solar-Wind Hybrid Capacity connected to the State Transmission Utility (STU). The company has signed PPAs for two hybrid projects, each with a capacity of 600 MW, resulting in a total of 1,200 MW. The Letters of Award for these projects were received on August 29, 2024, and September 10, 2024, respectively. These agreements are for a duration of 25 years at a tariff rate of ₹3.60/kWh. The projects are [&hellip;]
- [Paras Defence and Space Technologies has Received License For Development of Cannon Systems](https://angelnews.in/paras-defence-and-space-technologies-has-received-license-for-development-of-cannon-systems/): Paras Defence and Space Technologies Limited has received a license under the Arms Act of 1959. This license permits the Company to design, develop, manufacture, assemble, and upgrade cannons for various systems, including naval gun systems, air defense gun systems, airborne cannon systems (for helicopters and fighter jets), and armored fighting vehicles utilizing cannon systems. The mounted cannon systems covered by this license include calibers of 20X102 MM, 20X110 MM, 20X128 MM, 20X138 MM, 20X139 MM, 23X152 MM, 30X173 MM, 30X165 MM, 30X113 MM, 35X228 MM, and 40X365 MM, with a proposed annual production capacity of 100 units.
- [Cyient Collaborates with Business Finland to Foster Innovation in Emerging Technologies and Sustainability](https://angelnews.in/cyient-collaborates-with-business-finland-to-foster-innovation-in-emerging-technologies-and-sustainability/): Business Finland and Cyient, a global Intelligent Engineering firm focused on digital and sustainable solutions, have signed a memorandum of understanding (MoU) to enhance technology innovation. This partnership aims to drive joint initiatives in advanced areas such as 5G, AI, sustainability, space technology, and robotics. The MoU will create opportunities for collaboration, leveraging Cyient&#8217;s strong presence in Europe and its connections within the Finnish ecosystem, including startups. Business Finland will support a joint go-to-market strategy to improve market access and visibility. &#8220;We&#8217;re excited to work with Cyient to drive innovation in crucial areas like 5G and AI,&#8221; said Gitta Perez, Director [&hellip;]
- [VA TECH WABAG has Received ₹1000 Crore Contract for a 100 MLD Seawater Desalination Plant from Indosol Solar](https://angelnews.in/va-tech-wabag-has-received-%e2%82%b91000-crore-contract-for-a-100-mld-seawater-desalination-plant-from-indosol-solar/): VA TECH WABAG, a leading Indian water technology multinational, has strengthened its global position in desalination with a ₹1,000 crore order from Indosol Solar Private Limited. The contract involves the engineering, procurement, design, supply, installation, testing, and commissioning of a 100 MLD desalination plant, scheduled for completion in 38 months, followed by 15 years of operation and maintenance. The plant will feature advanced desalination technologies for efficient water production to support Indosol Solar’s 10 GW solar PV manufacturing unit in Andhra Pradesh. WABAG ranks among the top five global desalination companies and has built over 60 plants in 17 countries since [&hellip;]
- [IndianOil and EverEnviro are Collaborating to Establish a Joint Venture for Sustainable Energy Solutions](https://angelnews.in/indianoil-and-everenviro-are-collaborating-to-establish-a-joint-venture-for-sustainable-energy-solutions/): In a significant move for sustainable energy in India, IndianOil, known as the &#8220;Energy of Indja,&#8221; has partnered with EverEnviro Resource Management Pvt. Ltd., a leading biofuels company, to form a 50:50 joint venture. This collaboration aims to promote biofuel adoption nationwide. The agreement was signed by Dr. Santanu Gupta from IndianOil and Mr. Mahesh Girdhar from EverEnviro, with key officials from both companies present. The joint venture will focus on utilizing advanced biogas technologies to convert organic waste into Compressed Biogas (CBG), a cleaner energy source that reduces greenhouse gas emissions and provides an alternative to fossil fuels. This initiative [&hellip;]
- [Hidesign Collaborates with Unicommerce to Enhance E-Commerce Operations and Streamline Order Processing for Leather Goods](https://angelnews.in/hidesign-collaborates-with-unicommerce-to-enhance-e-commerce-operations-and-streamline-order-processing-for-leather-goods/): Leather goods manufacturer Hidesign has partnered with Unicommerce, a leading Indian e-commerce enablement platform, to enhance its online and offline operations. By implementing Unicommerce&#8217;s technology, including the &#8216;No Frills Order Processing&#8217; feature, Hidesign can streamline order processing from a centralized location. Unicommerce offers extensive integrations with marketplaces, logistics, and accounting systems, allowing Hidesign to optimize its e-commerce operations and improve billing efficiency. The brand has already integrated over 50 stores and warehouses with Unicommerce&#8217;s platform. Pujaspada Pandab, CFO of Hidesign, emphasized the importance of adopting the right technology as e-commerce grows. Kapil Makhija, MD &amp; CEO of Unicommerce, noted that their [&hellip;]
- [JSW Energy has Entered into a Power Purchase Agreement for 700 MW of Solar Capacity Connected to the ISTS/STU with NTPC](https://angelnews.in/jsw-energy-has-entered-into-a-power-purchase-agreement-for-700-mw-of-solar-capacity-connected-to-the-ists-stu-with-ntpc/): JSW Renew Energy Thirteen Limited, a subsidiary of JSW Energy Limited, has entered into a Power Purchase Agreement (PPA) with NTPC Limited for 700 MW of solar capacity connected to the ISTS/STU. This PPA, which has a duration of 25 years and a tariff of ₹2.59/KWh, is expected to be commissioned by June 2026. Currently, JSW Energy&#8217;s solar pipeline capacity stands at 3.2 GW, with PPAs signed for 2.0 GW. The company has a total locked-in generation capacity of 18.2 GW, including 7.7 GW operational, 2.1 GW under construction across wind, thermal, and hydro, and a renewable energy pipeline of 8.3 [&hellip;]
- [TAC Security has Partnered with Google as an Official Assessor for the Mobile Application Security Assessment (MASA) Program](https://angelnews.in/tac-security-has-partnered-with-google-as-an-official-assessor-for-the-mobile-application-security-assessment-masa-program/): TAC InfoSec Limited (NSE Emerge: INE0SOY01013), known as TAC Security, a leading cybersecurity firm in India and the first publicly listed in the country, has partnered with Google as an authorized lab for the Mobile Apps Security Assessment (MASA) program. This collaboration allows TAC Security to assist developers in meeting Google’s mobile application security standards, ensuring rigorous vulnerability testing and compliance. Trishneet Arora, Founder and CEO of TAC Security, expressed excitement about the partnership, highlighting the potential to reach over 10,000 developers on the Play Store and the opportunity for improved profit margins compared to previous services. With nearly 3.5 million [&hellip;]
- [Gensol Engineering Limited has Secured an INR 186 Crore Contract for a 23 MWp Rooftop Solar Project in Dubai](https://angelnews.in/gensol-engineering-limited-has-secured-an-inr-186-crore-contract-for-a-23-mwp-rooftop-solar-project-in-dubai/): Gensol Engineering Limited announces that it has secured a prestigious contract with the UAE’s leading sustainable development and clean energy company. This contract entails the design, construction, and long-term operation and maintenance of rooftop solar photovoltaic (PV) systems for a major aviation company&#8217;s engineering facilities in Dubai. With a total installed capacity of 23,178 kWp (23 MWp), this project highlights Gensol Engineering’s dedication to advancing sustainability in the Middle East and aiding the region&#8217;s shift toward cleaner energy sources. The contract, valued at AED 81.6 million (INR 186 Crore) plus taxes, is scheduled for completion over a 20-month period. Commenting on [&hellip;]
- [Ceinsys Tech Limited has Secured a Rs. 331.61 Crore Order from Maharashtra's Water Supply and Sanitation Department](https://angelnews.in/ceinsys-tech-limited-has-secured-a-rs-331-61-crore-order-from-maharashtras-water-supply-and-sanitation-department/): Ceinsys Tech Limited has received a Letter of Award from the State Water and Sanitation Mission (SWSM) under the Water Supply and Sanitation Department (WSSD) of the Government of Maharashtra, totaling Rs. 331.61 Crores. This contract involves appointing System Integrators (SIs) for IoT deployment, which includes the design, implementation, and maintenance of a centralized IoT platform for Jal Jeevan Mission projects in Maharashtra for Phase II. The contract is awarded by a domestic entity and has a duration of 2 years for implementation, followed by 5 years for Operations &amp; Maintenance (O&amp;M). The overall value of the contract is Rs. 331.61 [&hellip;]
- [SpiceJet and Babcock & Brown Aircraft Management Resolve ₹1,100 Crore Dispute](https://angelnews.in/spicejet-and-babcock-brown-aircraft-management-resolve-%e2%82%b91100-crore-dispute/): SpiceJet has reached a key financial milestone by settling its dispute with lessors Horizon Aviation 1 Ltd., Horizon II Aviation 3 Ltd., and Horizon III Aviation 2 Ltd., managed by Babcock &amp; Brown Aircraft Management (BBAM). Originally valued at $131.85 million (around ₹1,107 crore), the dispute has been resolved for $22.5 million. This significant agreement strengthens SpiceJet’s balance sheet and reduces its liabilities, enhancing the airline’s financial stability and operational efficiency. This settlement follows another successful resolution with Engine Lease Finance Corporation (ELFC) on September 24, which had claimed $16.7 million. Ajay Singh, Chairman and Managing Director, stated that this settlement [&hellip;]
- [KPIT Technologies Expands Stake in N-Dream AG to 26%](https://angelnews.in/kpit-technologies-expands-stake-in-n-dream-ag-to-26/): The Board of Directors of KPIT Technologies has approved a strategic investment of 13% in N-Dream AG (N-Dream). On July 24, 2024, they announced the acquisition of an additional 13% shareholding, bringing KPIT&#8217;s total stake in N-Dream to 26%. N-Dream, a Switzerland-based cloud-based game aggregation platform, also provides the option to further increase their shareholding. The company has successfully completed this additional acquisition for cash, totaling €2.3 million as the primary investment and €0.7 million as the secondary investment, following the fulfillment of all closing conditions. With this latest purchase, KPIT continues to maintain a minority, non-controlling equity position in N-Dream.
- [Arvind SmartSpaces Limited Launches New Residential Project in Bengaluru](https://angelnews.in/arvind-smartspaces-limited-launches-new-residential-project-in-bengaluru/): Arvind SmartSpaces Limited (ASL), part of the Lalbhai group and a leading real estate developer in India, has announced a new residential project in Bengaluru. This venture, located on ITPL Road near Whitefield, will encompass around 4.2 lakh sq. ft. with a revenue potential of approximately Rs. 600 Cr. Developed on a joint venture basis, it marks ASL&#8217;s 12th project overall and 8th high-rise in Bangalore. The area is well-established, offering excellent connectivity to the IT/ITES hub and close proximity to amenities like schools, hospitals, and shopping centers. Mr. Kamal Singal, Managing Director and CEO, remarked, “We are excited to enhance [&hellip;]
- [RITES and Etihad Rail have Signed a Memorandum of Understanding for Railway Infrastructure Projects in UAE](https://angelnews.in/rites-and-etihad-rail-have-signed-a-memorandum-of-understanding-for-railway-infrastructure-projects-in-uae/): RITES Ltd., a leading transport infrastructure consultancy, has signed a Memorandum of Understanding (MoU) with Etihad Rail, the operator of the UAE National Rail Network, to collaborate on railway and infrastructure development in the UAE and surrounding areas. The MoU was signed by Mr. Shadi Malak, CEO of Etihad Rail, and Mr. Rahul Mithal, Chairman and Managing Director of RITES Ltd., at the Global Rail Transport Infrastructure Exhibition &amp; Conference in Abu Dhabi. This partnership will focus on opportunities related to rolling stock supply, consultancy, project management, and maintenance services, aiming to enhance the efficiency of rail services. It also includes [&hellip;]
- [Gensol Engineering Limited’s Solar EPC Order Book has Surpassed INR 4000 Crore](https://angelnews.in/gensol-engineering-limiteds-solar-epc-order-book-has-surpassed-inr-4000-crore/): Gensol Engineering Limited (BSE: 542851, NSE: GENSOL), a leading player in the renewable energy sector specializing in solar power engineering, procurement, and construction (EPC) services, has announced that its solar EPC order book has reached INR 4,097 Crore, equivalent to 1.5 GW, as of September 30, 2024. This significant total includes solar projects from both Public Sector Undertakings (PSUs) and private clients, set to be completed within 12 to 18 months. In addition to its solar order book, Gensol has secured contracts for Battery Energy Storage Systems (BESS) under the BOO model, enhancing its revenue potential and reinforcing its commitment to [&hellip;]
- [Royal Orchid Hotels has Launched its Fifth Property in Jaipur, a Mid-Market Hotel called Regenta Place](https://angelnews.in/royal-orchid-hotels-has-launched-its-fifth-property-in-jaipur-a-mid-market-hotel-called-regenta-place/): Royal Orchid Hotels Ltd. (ROHL) has launched its fifth property in Jaipur and tenth in Rajasthan, unveiling the reimagined midscale brand, Regenta Place. With a fresh identity and modern design, Regenta Place Jaipur aims to innovate in the mid-market sector through vibrant social spaces, advanced technology, and unique decor. Arjun Baljee, President of ROHL, highlighted the brand&#8217;s distinct visual identity, which targets the preferences of young Indian travelers without compromising on quality. The 40-key hotel features thoughtfully designed accommodations, the all-day Pinxx Cafe for dining and work, and the rooftop Kat&#8217;s Bar, offering panoramic views and a lively social atmosphere. The [&hellip;]
- [Infosys and Old National Bank Expand Strategic Partnership to Drive Digital Transformation](https://angelnews.in/infosys-and-old-national-bank-expand-strategic-partnership-to-drive-digital-transformation/): Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, has recently expanded its strategic partnership with Old National Bank (NASDAQ: ONB), the sixth largest commercial bank in the Midwest. This extension of their successful four-year collaboration will enable Old National to utilize Infosys’s services, solutions, and platforms for operational transformation and process digitization, enhanced by automation and generative AI. Since 2020, Infosys has been instrumental in modernizing Old National&#8217;s digital infrastructure through a self-funding model, leading to increased stability, resilience, and an improved client experience, which has in turn accelerated the bank&#8217;s growth. Jim Ryan, Chairman [&hellip;]
- [Torrent Power has Received a Letter of Award from MSEDCL for 2000 MW of Energy Storage from its Pumped Hydro Storage Plant](https://angelnews.in/torrent-power-has-received-a-letter-of-award-from-msedcl-for-2000-mw-of-energy-storage-from-its-pumped-hydro-storage-plant/): Torrent Power Limited, part of the Torrent Group, has secured a letter of award from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for a long-term supply of 2,000 MW of energy storage capacity from its InSTS Connected Pumped Hydro Storage Plant. This includes an additional 500 MW allocation on top of a previously issued 1,500 MW Letter of Intent from September 17, 2024. MSEDCL will purchase this capacity for 40 years, with the energy supplied from Torrent Power’s upcoming hydro storage plant in Maharashtra. Under the Energy Storage Facility Agreement, the company will provide a 2,000 MW capacity capable of [&hellip;]
- [Heranba Organics, a Subsidiary of Heranba Industries, has Started Commercial Production at its Sarigam Unit](https://angelnews.in/heranba-organics-a-subsidiary-of-heranba-industries-has-started-commercial-production-at-its-sarigam-unit/): Heranba Organics Private Limited (“HOPL”), a wholly owned subsidiary, has commenced commercial production at the Sarigam Unit located in GIDC, Sarigam, Taluka-Umbergaon, District-Valsad, Gujarat. This milestone reflects the company&#8217;s commitment to sustainable growth and the creation of job opportunities in the region. Heranba anticipates that the Sarigam Unit will generate annual revenues between Rs. 280 and Rs. 300 Crores, with a maximum production capacity of 9000 MTPA. Mr. R K Shetty, Managing Director of Heranba, commented that the commencement of commercial production will provide additional revenue for the company and fulfill past commitments. He noted that this initiative underscores Heranba&#8217;s proven [&hellip;]
- [Airtel and Nokia Join Forces for Sustainable Mobile Networks Through 'Green 5G' Initiative](https://angelnews.in/airtel-and-nokia-join-forces-for-sustainable-mobile-networks-through-green-5g-initiative/): Bharti Airtel and Nokia have launched a transformative partnership focused on &#8220;Green 5G,&#8221; aimed at enhancing energy efficiency in Airtel&#8217;s mobile network. This initiative will leverage advanced technologies like AI and machine learning to improve energy use across Airtel’s 4G/5G Radio Access Network, potentially reducing carbon emissions by around 143,413 metric tons of CO2 annually. Randeep Sekhon, CTO of Airtel, highlighted the collaboration&#8217;s role in achieving sustainability amidst growing data demands. Key features include a zero-traffic, zero-watt operation to minimize power use during inactivity, integration of energy-saving technologies, and the implementation of advanced digital design tools. Airtel’s broader strategy also focuses [&hellip;]
- [Persistent Reaches Carbon Neutrality a Year Early, Sets Sights on Net-Zero by 2050](https://angelnews.in/persistent-reaches-carbon-neutrality-a-year-early-sets-sights-on-net-zero-by-2050/): Persistent Systems (BSE: 533179 and NSE: PERSISTENT), a leader in Digital Engineering and Enterprise Modernization, has achieved carbon neutrality for Scope 1 and Scope 2 emissions across its global operations for FY23-24, a year ahead of schedule. Verified by DNV Business Assurance India Private Limited, this milestone reflects the company’s commitment to sustainability and aligns with the UN Sustainable Development Goals and global efforts to limit warming to 1.5°C, aiming for net-zero emissions by 2050. Persistent’s strategy emphasizes energy efficiency through investments in renewable energy and certified infrastructure. Key achievements include a 42% reduction in emissions from wind and solar energy, [&hellip;]
- [Infosys and Handelsblatt Research Institute Unveil AI-Driven Trend Report for Innovative Storytelling](https://angelnews.in/infosys-and-handelsblatt-research-institute-unveil-ai-driven-trend-report-for-innovative-storytelling/): Infosys (NSE, BSE, NYSE: INFY), a leader in digital services and consulting, has partnered with the Handelsblatt Research Institute (HRI) to launch the &#8220;AI Trend Report: How AI is Transforming Industries.&#8221; This report uses Infosys Topaz, an AI-driven solution, to explore AI applications across various sectors, including retail, healthcare, agriculture, logistics, and manufacturing. Unlike traditional PDFs, the AI-powered online report allows users to customize content with features like interactive graphics, summaries, audio conversion, and translation. This collaboration marks a significant step in enhancing digital storytelling, with design support from Wongdoody and technical expertise from Infosys&#8217; AI &amp; Analytics team. Dr. Jan [&hellip;]
- [Paras Anti-Drone Technologies Wins ADITI 1.0 Challenge for Innovative Mobile Ground Station](https://angelnews.in/paras-anti-drone-technologies-wins-aditi-1-0-challenge-for-innovative-mobile-ground-station/): Paras Anti-Drone Technologies Private Limited, a subsidiary of Paras Defence and Space Technologies Limited, has proudly won the ADITI 1.0 Challenge for its &#8220;Mobile Ground Station in S/X/Ka band for Transmitting and Receiving Data from Satellites.&#8221; This challenge was initiated by the Defence Innovation Organisation (DIO) under the Department of Defence Production (DDP) in the Ministry of Defence, Government of India, as part of the ADITI initiative (Acing Development of Innovative Technologies with iDEX), which promotes innovations in critical and strategic defence technologies. Under this scheme, Paras Anti-Drone Technologies Private Limited is eligible for a grant of up to 50% of [&hellip;]
- [RateGain Expands Partnership with FlyArystan to Enhance Airline Pricing Solutions](https://angelnews.in/rategain-expands-partnership-with-flyarystan-to-enhance-airline-pricing-solutions/): RateGain Travel Technologies Limited (RateGain) announced that FlyArystan, Kazakhstan’s leading low-cost airline and a subsidiary of Air Astana, has renewed its partnership with AirGain, RateGain&#8217;s pricing solution. This collaboration will provide FlyArystan with real-time competitive insights, reinforcing its commitment to affordable fares and a seamless booking experience for travelers across Central Asia. By utilizing AirGain’s advanced analytics, FlyArystan can access pricing data from over 300 airlines and 50+ OTAs, enhancing its dynamic pricing strategies with a remarkable data sufficiency rate of 98%. This partnership will enable FlyArystan to quickly adapt to market trends and maintain its competitive edge in the low-cost [&hellip;]
- [EaseMyTrip Expands Globally with New Subsidiaries in Brazil, Saudi Arabia, and the U.S.](https://angelnews.in/easemytrip-expands-globally-with-new-subsidiaries-in-brazil-saudi-arabia-and-the-u-s/): EaseMyTrip’s expansion into Brazil, Saudi Arabia, and the U.S. reflects its strategy to enter high-growth international markets. The company has established two wholly owned subsidiaries Easy Trip Planners Do Brasil Ltda. in Brazil and Easy Trip Planners Limited in Saudi Arabia positioning itself to tap into tourism sectors projected to see significant growth. This move comes as global travel demand continues to rise, presenting opportunities to increse market share and revenue. Brazil’s travel market, valued at $21.6 billion in 2023, is expected to grow to $22.3 billion by 2028. Meanwhile, Saudi Arabia’s tourism sector is forecasted to reach $53.2 billion in [&hellip;]
- [WABAG Signs Term Sheet for $100 Million Municipal Water Infrastructure Platform](https://angelnews.in/wabag-signs-term-sheet-for-100-million-municipal-water-infrastructure-platform/): VA TECH WABAG (‘WABAG’), a leading Indian multinational in water technology, has signed a non-binding term sheet to establish a dedicated platform (‘Municipal Platform’) for capital projects in the municipal sector. The platform aims to invest up to USD 100 million over the next 3 to 5 years, supporting infrastructure development and sustainable water management. In collaboration with an investor consortium, including Norfund and two other international investors, the Municipal Platform will bring together strategic financial backing. Norfund, the Norwegian government’s investment fund, is committed to fostering sustainable development, making it a key partner in this initiative. WABAG will serve as [&hellip;]
- [Ashok Leyland Opens 75-Acre Bus Manufacturing Plant in Mallavalli, Andhra Pradesh, with 4,800 Annual Capacity](https://angelnews.in/ashok-leyland-opens-75-acre-bus-manufacturing-plant-in-mallavalli-andhra-pradesh-with-4800-annual-capacity/): Ashok Leyland has inaugurated a new bus manufacturing facility near Vijayawada, Andhra Pradesh. The plant, located in Malavalli, spans 75 acres and is designed to produce diesel and electric buses. With an annual production capacity of 4,800 buses, the facility includes a learning center and a service training center for workforce development. Several government officials and company representatives attended the inauguration. The plant incorporates various sustainability measures, including rooftop solar panels, LED lighting, battery-operated vehicles for in-plant logistics, positive water balance measures, and a zero-discharge system. These initiatives align with broader efforts to reduce environmental impact in manufacturing. Andhra Pradesh&#8217;s Minister [&hellip;]
- [TCS Partners with Air New Zealand to Drive AI-Powered Digital Transformation](https://angelnews.in/tcs-partners-with-air-new-zealand-to-drive-ai-powered-digital-transformation/): Tata Consultancy Services (TCS) has partnered with Air New Zealand in a five-year deal to overhaul the airline’s digital infrastructure, placing artificial intelligence (AI) at the heart of its operations. This collaboration is expected to revolutionize key functions, from fleet management and crew scheduling to customer service and digital retail experiences. The move aligns with Air New Zealand’s ambition to become the world’s most digitally advanced airline, signaling a bold step forward in aviation innovation. This partnership is not just about technological upgrades; it’s a strategic move that underscores the growing role of AI in the aviation industry. With TCS streamlining [&hellip;]
- [Sensex Soars 1,131 Points to Reclaim 75,000; Nifty Ends at 22,834 as FII Net Buying Hits ₹1462 Crore](https://angelnews.in/sensex-soars-1131-points-to-reclaim-75000-nifty-ends-at-22834-as-fii-net-buying-hits-%e2%82%b91462-crore/): The Indian stock market witnessed a strong rally on March 18, 2025, with the Sensex surging 1,131 points to reclaim the 75,000 mark, while the Nifty 50 climbed 326 points to close at 22,834. This rally was fueled by positive global cues, strong domestic economic fundamentals, sector-specific gains, and renewed investor confidence. Strong buying interest in midcap and smallcap stocks further amplified the gains, with the BSE MidCap rising 2.10% and the BSE SmallCap soaring 2.73%. One of the major drivers behind today’s rally was positive global market trends, as strong performance in Asian markets lifted investor sentiment in India. Additionally, [&hellip;]
- [India’s Manufacturing Future: Ericsson, Volvo, and Airtel Explore 5G, AI, and XR Innovations](https://angelnews.in/indias-manufacturing-future-ericsson-volvo-and-airtel-explore-5g-ai-and-xr-innovations/): India is on the brink of a manufacturing revolution, thanks to  partnership between Ericsson, Volvo Group, and Airtel. Their latest collaboration aims to explore Digital Twins, Extended Reality (XR), and AI over 5G Advanced to transform industrial operations. By integrating these cutting-edge technologies, the goal is to enhance workforce training, real-time process optimization, and operational efficiency, pushing India further into the Industry 4.0 and Industry 5.0 era. At the heart of this initiative is the Industrial Metaverse, where human and machine interactions will redefine factory environments. The research, set to take place at Volvo Group’s Bangalore Factory and R&amp;D Center, will [&hellip;]
- [Swiggy Instamart Expands to 100 Cities, Targets Tier 2 & 3 Growth](https://angelnews.in/swiggy-instamart-expands-to-100-cities-targets-tier-2-3-growth/): Swiggy Instamart has expanded to 100 cities, responding to rising demand for 10-minute deliveries in tier 2 and 3 regions. Recent launches include Raipur, Siliguri, Jodhpur, and Thanjavur. The platform now offers 30,000+ products, covering groceries, electronics, fashion, and more. Consumer Shift Beyond Metros : CEO Amitesh Jha noted that in 2025, one in four new users came from smaller cities, highlighting growing demand. Quick commerce is no longer limited to metro areas, with more consumers opting for fast, convenience-driven shopping. Local Business and Logistics Impact : Swiggy is introducing ‘megapods’ large dark stores stocking 50,000 SKUs to expand product variety, [&hellip;]
- [Hindustan Construction Company and Tata Projects Limited JV Secure ₹2,191 Crore Contract for Indore Metro's Underground Corridor](https://angelnews.in/hindustan-construction-company-and-tata-projects-limited-jv-secure-%e2%82%b92191-crore-contract-for-indore-metros-underground-corridor/): Hindustan Construction Company Limited (HCC), in collaboration with Tata Projects Limited (TPL), has secured a contract worth approximately ₹2,191 crore for the construction of an 8.65 km corridor, including underground tunnels and stations, for the Madhya Pradesh Metro Rail Corporation Limited (MPMRCL). HCC holds a 55% stake in the joint venture, amounting to around ₹1,205 crore. The awarded Package IN-05R is the only underground segment of the 31.32 km Indore Metro Phase 1 project. It involves constructing an 11.32 km tunnel using a Tunnel Boring Machine (TBM) and developing seven underground stations at Indore Railway Station, Rajwada, Chota Ganpati, Bada Ganpati, [&hellip;]
- [Infibeam Avenues Partners with Institute of Sciences (IISc) Bangalore to Develop Real-Time Deepfake Detection Technology](https://angelnews.in/infibeam-avenues-partners-with-institute-of-sciences-iisc-bangalore-to-develop-real-time-deepfake-detection-technology/): Infibeam Avenues Ltd, a leading fintech company, has signed a strategic MoU with the Indian Institute of Science (IISc) Bangalore to collaborate on research and development of real-time deepfake detection technology. This initiative aims to enhance digital security for government agencies, corporations, and organizations by addressing the growing threats posed by AI-generated deception. With deepfake technology becoming increasingly sophisticated, the risks of misinformation, financial fraud, identity theft, and cyber threats have escalated. A striking example occurred in January 2024, when scammers used deepfake technology to impersonate company executives in a live video call, leading to a $25 million loss for a [&hellip;]
- [Mutual Fund Net Inflow Decreases to ₹29,303 Crore in February 2025, as Funds Mobilized Drop 18.3% to ₹54,428 Crore](https://angelnews.in/mutual-fund-net-inflow-decreases-to-%e2%82%b929303-crore-in-february-2025-as-funds-mobilized-drop-18-3-to-%e2%82%b954428-crore/): Mutual Fund Industry: January vs. February 2025 The mutual fund industry experienced notable shifts in February 2025 compared to January 2025. below are the key changes across different fund categories, highlighting trends in folios, funds mobilized, and net inflows. Overview of Key Changes In February 2025, the total number of mutual fund schemes increased from 499 to 507, reflecting a 1.6% growth. The number of folios also saw an uptick, rising from 16.05 crore to 16.23 crore, marking a 1.1% increase. However, despite the growth in schemes and folios, funds mobilized witnessed a significant decline, dropping by 18.3% from ₹66,630.08 crore [&hellip;]
- [Satellite-Powered Internet: Jio and SpaceX to Expand India’s Connectivity](https://angelnews.in/satellite-powered-internet-jio-and-spacex-to-expand-indias-connectivity/): Jio Platforms Limited (JPL) has announced a strategic agreement with SpaceX to introduce Starlink’s broadband internet services to customers across India. This collaboration marks a significant milestone in India&#8217;s digital transformation, promising to bridge connectivity gaps, especially in rural and remote areas. The agreement, pending necessary authorizations for SpaceX to offer Starlink in India, will allow Jio and SpaceX to explore synergies in delivering high-speed broadband. Jio aims to integrate Starlink solutions into its retail network and online storefronts, ensuring seamless accessibility for consumers and businesses alike. By leveraging Jio’s position as the world’s largest mobile operator in terms of data [&hellip;]
- [ఎయిర్‌టెల్ & స్పేస్‌ఎక్స్ భాగస్వామ్యంతో భారతదేశానికి స్టార్‌లింక్ హై-స్పీడ్ ఇంటర్నెట్](https://angelnews.in/airtel-partners-with-spacex-to-bring-starlinks-high-speed-internet-to-india/): ఎయిర్‌టెల్, స్పేస్‌ఎక్స్‌తో కలిసి స్టార్‌లింక్ హై-స్పీడ్ ఇంటర్నెట్ సేవలను భారతదేశంలో అందించేందుకు ఒప్పందాన్ని ప్రకటించింది. స్పేస్‌ఎక్స్‌కు స్టార్‌లింక్‌ను భారతదేశంలో కార్యకలాపాలకు అవసరమైన అనుమతులు పొందాల్సిన అవసరం ఉంది. ఈ భాగస్వామ్యం ద్వారా, స్టార్‌లింక్ ఎయిర్‌టెల్ సేవలను ఎలా విస్తరించగలదో అన్వేషించనున్నారు. ఈ ఒప్పందంలో భాగంగా, ఎయిర్‌టెల్ రిటైల్ స్టోర్ల ద్వారా స్టార్‌లింక్ పరికరాలను అందుబాటులో ఉంచడం, వ్యాపార ఖాతాదారులకు స్టార్‌లింక్ సేవలను అందించడం, అలాగే గ్రామీణ ప్రాంతాల్లో అనుసంధానాన్ని మెరుగుపరచడం కోసం పాఠశాలలు, ఆరోగ్య కేంద్రాలు, సముదాయాలను కలుపుతుందా అనేది పరిశీలించనున్నారు. అదనంగా, స్టార్‌లింక్ ఎయిర్‌టెల్ నెట్‌వర్క్‌ను మెరుగుపరచడంలో ఎలా సహాయపడగలదో మరియు స్పేస్‌ఎక్స్, ఎయిర్‌టెల్ యొక్క గ్రౌండ్ ఇన్‌ఫ్రాస్ట్రక్చర్‌ను ఎలా ఉపయోగించుకోవచ్చో కూడా పరిశీలిస్తారు. ఎయిర్‌టెల్  ఇప్పటికే ఉన్న Eutelsat OneWeb తో భాగస్వామ్యానికి తోడు, స్టార్‌లింక్‌ను తన సేవల్లో చేర్చడం ద్వారా దేశవ్యాప్తంగా సేవలు అందని ప్రాంతాల్లో కనెక్టివిటీ మెరుగుపడే అవకాశం ఉంది. స్టార్‌లింక్ ఎంటర్‌ప్రైజ్ సూట్ ద్వారా, ఎయిర్‌టెల్ [&hellip;]
- [IntellectAI Partners with Across America Insurance to Enhance Underwriting Efficiency](https://angelnews.in/intellectai-partners-with-across-america-insurance-to-enhance-underwriting-efficiency/): IntellectAI, a leading Insurtech transformation partner, has announced a collaboration with Across America Insurance Services to improve underwriting accuracy and efficiency. Across America will leverage Magic Submission and Xponent, both powered by IntellectAI’s Purple Fabric platform, to streamline insurance submissions and enhance underwriter performance through AI-driven automation . Across America, a Riverside, California-based wholesale insurance provider specializing in the transportation industry, selected IntellectAI to solve its biggest underwriting challenge processing loss runs. With Magic Submission’s generative AI-powered extraction technology, the company can now process thousands of loss run documents annually with near 100% accuracy, reducing manual effort and turnaround time. Additionally, [&hellip;]
- [Indian Stock Market Sinks: NIFTY SmallCap Down 2.01%, FIIs Pull Out ₹485 Cr – What’s Next?](https://angelnews.in/indian-stock-market-sinks-nifty-smallcap-down-2-01-fiis-pull-out-%e2%82%b9485-cr-whats-next/): The Indian stock market witnessed a significant drop on March 10, 2025, as a combination of global uncertainties, domestic challenges, and cautious investor sentiment weighed on equities. Concerns over a potential global economic slowdown, rising trade tensions, and foreign investor outflows contributed to the downturn. On the global front, escalating U.S. tariffs on major trading partners, includng China, Canada, and Mexico, have raised fears of a trade war that could disrupt global supply chains. Additionally, signs of deflation in China indicate weakening economic activity, leading to concerns over reduced global demand, which could impact Indian exports. Meanwhile, volatility in the U.S. [&hellip;]
- [Godrej Consumer Products Limited Launches First Integrated Greenfield Plant in Chengalpattu District, near Chennai, Tamil Nadu](https://angelnews.in/godrej-consumer-products-limited-launches-first-integrated-greenfield-plant-in-chengalpattu-district-near-chennai-tamil-nadu/): Godrej Consumer Products Limited (GCPL), a leading FMCG company in emerging markets, has inaugurated its first integrated greenfield manufacturing facility in Chengalpattu District, near Chennai, Tamil Nadu. The plant was officially opened by the Honourable Chief Minister of Tamil Nadu, Thiru MK Stalin, alongside Nadir Godrej, Chairperson of Godrej Industries Group, and Sudhir Sitapati, MD &amp; CEO of GCPL. Marking the commencement of operations, Chief Minister Thiru MK Stalin activated the production line, initiating the first production run. This milestone moment saw the rollout of the inaugural Cinthol Original soap bar, symbolizing the plant&#8217;s launch. GCPL had laid the foundation for [&hellip;]
- [Mphasis Partners with SecPod to Strengthen Enterprise Vulnerability Management](https://angelnews.in/mphasis-partners-with-secpod-to-strengthen-enterprise-vulnerability-management/): Mphasis (BSE: 526299; NSE: MPHASIS), has announced a strategic collaboration with SecPod, a SaaS-based cybersecurity products and technology company. Through this partnership, Mphasis will deliver cutting-edge vulnerability management services to its clients using SecPod’s SanerNow CVEM platform. The alliance aims to help enterprises address critical challenges such as delayed risk identification, mounting remediation backlogs, and inefficiencies stemming from fragmented vulnerability management solutions. By leveraging SanerNow’s Continuous Vulnerability &amp; Exposure Management (CVEM) approach, Mphasis will enable organizations to transition from multiple standalone security tools to a comprehensive, integrated solution. This platform continuously scans, detects, prioritizes, normalizes, and patches vulnerabilities while ensuring regulatory [&hellip;]
- [Genesys International Corporation Secures ₹21.45 Crore Contract for Digital Twin Technology in Hubballi-Dharwad](https://angelnews.in/genesys-international-corporation-secures-%e2%82%b921-45-crore-contract-for-digital-twin-technology-in-hubballi-dharwad/): Genesys International Corporation Limited has been awarded a ₹21.45 crore contract by the Hubballi-Dharwad Municipal Corporation (HDMC) to implement Digital Twin technology. This initiative, part of the New India Map Stack, aims to enhance governance and urban infrastructure through high-precision mapping. By creating a 3D representation of the city, the project will modernize property tax systems, optimize urban planning, and improve municipal efficiency. The 11-zone GIS mapping project, priced at ₹1.95 crore per zone, is expected to streamline tax collection, identify unregistered properties, and boost revenue for urban development. Precision mapping is a key driver for smarter cities and efficient governance. [&hellip;]
- [Cyient మరియు American Data Solutions డిజిటల్ కంటెంట్ మేనేజ్‌మెంట్‌ విభాగం లో భాగస్వామ్యాన్ని ప్రకటించింది](https://angelnews.in/cyient-and-ads-announce-partnership-to-transform-digital-content-management/): గ్లోబల్ ఇంజనీరింగ్ సొల్యూషన్స్ కంపెనీ అయిన Cyient మరియు డిజిటల్ కంటెంట్ మేనేజ్‌మెంట్ అందించే ప్రముఖ సంస్థ అమెరికన్ డేటా సొల్యూషన్స్ (ADS) భాగస్వామ్యం ప్రకటించారు. ఈ భాగస్వామ్యం వ్యాపార సంస్థల డిజిటల్ కంటెంట్‌ను సృష్టించడం, నిల్వ చేయడం, వినియోగించడాన్ని మెరుగుపరిచే లక్ష్యంతో ఉంది. సయ్యెంట్ తన ఇంజనీరింగ్ నిపుణ్యతను అందించగా, ADS అత్యాధునిక కంటెంట్ మేనేజ్‌మెంట్ సాంకేతిక పరిజ్ఞానాన్ని అందిస్తోంది. వీరి పరిష్కారాల్లో స్కేలబుల్ సిస్టమ్, మల్టీ-పర్పస్ డిజిటల్ డేటా వీయూర్, భద్రతా లక్షణాలు ఉన్నాయి. కలిపి, వీరు వ్యాపార సంస్థలకు మరింత సమర్థవంతమైన కంటెంట్ నిర్వహణను అందించనున్నారు. సయ్యెంట్ సీఈఓ సుకమల్ బెనర్జీ మాట్లాడుతూ, &#8220;సయ్యెంట్‌లో మేము వ్యాపార సంస్థలు డిజిటల్ మార్పును స్వీకరించేందుకు అత్యాధునిక సాంకేతికతను ఉపయోగించేందుకు కట్టుబడి ఉన్నాము. ADS‌తో కలిసి, మా ఇంజినీరింగ్ నైపుణ్యాన్ని వారి స్మార్ట్ డిజిటల్ పరిష్కారాలతో కలిపి, అధునాతన, స్కేలబుల్ కంటెంట్ మేనేజ్‌మెంట్ వ్యవస్థలను రూపొందించబోతున్నాము.&#8221; అని చెప్పారు. AI, మెషీన్ [&hellip;]
- [Paytm Introduces UPI Trading Blocks for Automatic Stock Market Payments](https://angelnews.in/paytm-introduces-upi-trading-blocks-for-automatic-stock-market-payments/): Paytm (One 97 Communications Limited), a leading player in India’s payments and financial services sector, has introduced UPI Trading Blocks, also known as Single Block Multiple Debits, to enhance the trading experience for stock market investors. With this feature, Paytm UPI users can authorize automatic payment deductions directly from their bank accounts for trades, eliminating the need to transfer large sums to brokerage accounts in advance. This ensures that traders continue earning interest on their funds until they make actual trades, as the money remains in their bank accounts. Built on NPCI’s UPI infrastructure, Paytm’s UPI Trading Blocks enable seamless, automatic [&hellip;]
- [Indian Markets Slide as Trade War Fears, FII Selling, and Weak Data Weigh Heavy: Nifty 50 Down 0.51%](https://angelnews.in/indian-markets-slide-as-trade-war-fears-fii-selling-and-weak-data-weigh-heavy-nifty-50-down-0-51/): Indian stock markets faced a turbulent day as the Nifty 50 fell 0.51% to 22,012.45, down from an opening of 22,194.55, amid a cocktail of global and domestic pressures. Escalating trade war fears, triggered by impending U.S. tariffs on Canada, Mexico, and China, coupled with persistent selling by Foreign Institutional Investors (FIIs) worth Rs 11,639.02 crore on Friday, set a bearish tone. Adding to the woes, disappointing domestic data including a Q3 FY25 GDP growth of 6.2% below the expected 6.3% and a 14-month low manufacturing PMI of 56.3 further eroded investor confidence, with mid- and small-cap indices like the Nifty [&hellip;]
- [Amaravati: Tenders Invited for ₹768 Cr Assembly and ₹1048 Cr High Court Iconic Buildings](https://angelnews.in/amaravati-tenders-invited-for-%e2%82%b9768-cr-assembly-and-%e2%82%b91048-cr-high-court-iconic-buildings/): Tenders have been invited for the construction of the permanent Legislative Assembly and permanent High Court buildings in Amaravati, Andhra Pradesh. The Legislative Assembly building will consist of a Basement + Ground + 3 floors (B+G+3) and will include earthwork, pile/raft foundations, and an RCC framed structure comprising retaining walls, shear/core walls, slabs, beams, PT slabs &amp; beams, inclined/flared shear walls, and columns. The project will utilize modular/system formwork, reinforcement, and waterproofing while adhering to the GRIHA five-star rating certification. The contract is on a Design-Build (Lumpsum) basis, with an estimated cost of ₹768 crores. Similarly, the High Court building will [&hellip;]
- [టాటా కన్సల్టెన్సీ సర్వీసెస్ (TCS) నార్వే DNB బ్యాంక్‌తో భాగస్వామ్యాన్ని మరో ఐదు సంవత్సరాలకు పొడిగించింది](https://angelnews.in/tcs-extends-strategic-partnership-with-norways-dnb-bank-for-five-more-years/): టాటా కన్సల్టెన్సీ సర్వీసెస్ (TCS) (BSE: 532540, NSE: TCS),  నార్వేలో అతిపెద్ద ఆర్థిక సంస్థ అయిన DNB Bank ASAతో తన భాగస్వామ్యాన్ని మరో ఐదు సంవత్సరాలకు పొడిగించింది. ఈ ఒప్పందం ప్రకారం, TCS weiterhin DNB యొక్క వ్యూహాత్మక భాగస్వామిగా కొనసాగి, బ్యాంక్ యొక్క డిజిటల్ ఆధునీకరణను ముందుకు తీసుకెళ్తుంది, అదే సమయంలో  సమర్థతను మెరుగుపరుస్తుంది. TCS, DNB డిజిటల్ ఆధునీకరణను మద్దతు ఇవ్వడానికి నూతన టెక్నాలజీలను అమలు చేస్తుంది, ఇందులో అప్లికేషన్ డెవలప్‌మెంట్, మెరుగైన భద్రతా ప్రమాణాలు, అలాగే AI మరియు క్వాంటం కంప్యూటింగ్ వంటి కొత్త సాంకేతిక పరిజ్ఞానాల అభివృద్ధి ఉంటాయి. గత 12 సంవత్సరాలలో, TCS DNB యొక్క ఆవిష్కరణ ప్రయాణంలో కీలక పాత్ర పోషిస్తూ, విస్తృత డిజిటల్ పరిష్కారాలను అందించింది. ముఖ్యమైన విజయాలలో DNB యొక్క పీర్-టు-పీర్ మొబైల్ చెల్లింపు పరిష్కారం అభివృద్ధి &amp; ప్రారంభం ఉండగా, ఇది మొబైల్ పేమెంట్స్ విభాగంలో బ్యాంక్‌కు [&hellip;]
- [టాటా పవర్ యొక్క TP సోలార్ ₹632 కోట్ల 292.5 MWp సోలార్ మోడ్యూల్స్ SECI కాంట్రాక్ట్‌ను గెలుచుకుంది](https://angelnews.in/tata-powers-tp-solar-wins-%e2%82%b9632-crore-seci-contract-for-292-5-mwp-solar-modules/): టాటా పవర్ రెన్యూవబుల్ ఎనర్జీ లిమిటెడ్ (TPREL) మరియు టాటా పవర్ అనుబంధ సంస్థ అయిన TP Solar Limited (TP Solar) దేశీయంగా తయారైన 292.5 MWp సోలార్ మోడ్యూల్స్ సరఫరా కోసం సోలార్ ఎనర్జీ కార్పొరేషన్ ఆఫ్ ఇండియా (SECI) నుండి ఓ ప్రతిష్టాత్మక ఒప్పందాన్ని గెలుచుకుంది. ఈ ప్రాజెక్ట్, CPSU స్కీమ్ ట్రాంచ్-III కింద SECI నిర్వహించిన 400 MWp టెండర్‌లో భాగంగా ఉంది. మొత్తం ₹632 కోట్ల విలువైన ఈ ఒప్పందం ప్రకారం, TP Solar ఆంధ్రప్రదేశ్‌లోని రామగిరి ప్రాంతానికి అధిక-నాణ్యత గల సోలార్ మోడ్యూల్స్‌ను అందించాల్సి ఉంటుంది. ఈ ఒప్పందం కోసం నిర్వహించిన పోటీ బిడ్డింగ్ ప్రక్రియలో e-రివర్స్ ఆక్షన్ కూడా చేపట్టబడింది, ఇందులో TP Solar 400 MWp మొత్తం పరిమాణంలో ప్రధాన భాగాన్ని సొంతం చేసుకుంది. ఈ ఒప్పందం తో TP Solar తయారీ సామర్థ్యాన్ని పెంచటమే కాకుండా, దేశీయంగా తయారైన సోలార్ [&hellip;]
- [As the US Is About to Roll Out a $5 Million Golden Visa, What Are the Alternatives for Indian Entrepreneurs?](https://angelnews.in/as-the-us-is-about-to-roll-out-a-5-million-golden-visa-what-are-the-alternatives-for-indian-entrepreneurs/): As the United States prepares to launch a $5 million investment Golden Visa program, Indian entrepreneurs looking to expand their businesses abroad have several options. This program is expected to provide a clear pathway to U.S. citizenship, replacing the existing EB-5 Immigrant Investor Program. However, many other countries also offer attractive investment and residency  programs. Existing United States &#8211; EB-5 Immigrant Investor Program : The EB-5 Immigrant Investor Program requires a minimum investment of $800,000 in a Targeted Employment Area (TEA) or $1,050,000 elsewhere. Investors must put their funds &#8220;at risk&#8221; in a new commercial enterprise that creates at least ten [&hellip;]
- [Ramco Systems Implements Aviation Software for PAL Express, Expands Digital Transformation at Philippine Airlines](https://angelnews.in/ramco-systems-implements-aviation-software-for-pal-express-expands-digital-transformation-at-philippine-airlines/): Global aviation software provider Ramco Systems has successfully implemented its Aviation Software at Philippine Airlines for the domestic PAL Express (PALEx) fleet operations. The cloud-based, next-generation platform has streamlined and digitized the management of PALEx’s A321, A320, and Q400 aircraft. As part of a long-term strategy to optimize operations for both Philippine Airlines (PAL) and PALEx, preparations are underway to extend the solution to PAL’s A350, A330, B777, and A321 fleet. Equipped with modules for Engineering and CAMO, Supply Chain Management, Maintenance Planning, Quality, Component Maintenance, and Hangar Maintenance integrated with Finance Ramco Aviation Software provides PAL with a scalable and [&hellip;]
- [Jupiter Wagons Limited Secures ₹255 Crore Wheelset Order from Braithwait & Co.](https://angelnews.in/jupiter-wagons-limited-secures-%e2%82%b9255-crore-wheelset-order-from-braithwait-co/): Jupiter Tatravagonka Railwheel Factory Pvt. Ltd, a subsidiary of Jupiter Wagons Limited (JWL), has secured a ₹255 crore contract from Braithwait &amp; Co. to supply 9,140 wheelsets for 25-ton axle load applications. This order strengthens Jupiter’s position as a key domestic manufacturer of high-performance railway wheelsets, increasing its total order book to ₹560 crore. The company aims to reach ₹600 crore in revenue from its wheel business by FY26, nearly doubling its current contribution. To support growth, Jupiter is investing ₹2,500 crore in a new Odisha facility, expanding production capacity from 20,000 to 1,00,000 forged wheelsets annually. Axle production is set [&hellip;]
- [Authum Investment & Infrastructure Completes Acquisition of 42.33% Stake in Prataap Snacks Ltd](https://angelnews.in/authum-investment-infrastructure-completes-acquisition-of-42-33-stake-in-prataap-snacks-ltd/): Authum Investment &amp; Infrastructure, in continuation of its announcements on September 26, 2024, December 23, 2024, December 31, 2024 &amp; February 26, 2025, said it has successfully acquired 1,02,48,709 equity shares of Prataap Snacks Limited (PSL), representing 42.33% of its voting share capital. The acquisition was executed through a Share Purchase Agreement (SPA) and an open offer, with all necessary approvals, including clearance from the Competition Commission of India on December 31, 2024. PSL, a leading Indian snack food company engaged in manufacturing and marketing products such as potato chips, extruded snacks, and namkeen, is listed on the BSE and NSE. [&hellip;]
- [India's Stock Market Faces Sharp Decline: Key Factors Behind the Six-Month Slump](https://angelnews.in/indias-stock-market-faces-sharp-decline-key-factors-behind-the-six-month-slump/): As of February 25, 2025, India’s stock market has experienced a challenging six-month period, with the NIFTY 50 declining by 9.71% and the BSE SENSEX dropping 8.59% since August 25, 2024. This downturn stands in stark contrast to the strong performances of other major markets, such as Germany’s DAX Performance-Index (+20.46%) and China’s SSE Composite Index (+17.18%). The decline in Indian equities raises critical questions about the factors contributing to this slump and what lies ahead for investors. India’s Market in the Global Landscape While global markets have shown a mixed performance, India has been one of the weakest performers. In [&hellip;]
- [Gensol Engineering Signs INR 350 Crore Deal to Sell U.S. Subsidiary Scorpius Trackers Inc.](https://angelnews.in/gensol-engineering-signs-inr-350-crore-deal-to-sell-u-s-subsidiary-scorpius-trackers-inc/): Gensol Engineering Limited has signed a non-binding Term Sheet for an INR 350 crore deal to sell its U.S. subsidiary, Scorpius Trackers Inc., to a major U.S. Renewable Energy Solutions provider. The transaction includes transferring global IP rights (excluding India) for Scorpius Trackers&#8217; solar tracking technology. This move aligns with Gensol’s strategy to unlock capital, monetize assets, and reinvest in core growth areas, strengthening its financial position. The deal will be completed in two tranches, with full closure expected by March 2026, subject to approvals. Proceeds will be used to expand Scorpius Trackers&#8217; operations in India, grow Gensol’s solar EPC business, [&hellip;]
- [Nazara Technologies Acquires 60% Stake in Funky Monkeys for ₹43.7 Crores](https://angelnews.in/nazara-technologies-acquires-60-stake-in-funky-monkeys-for-%e2%82%b943-7-crores/): Nazara Technologies Limited informs that, as per the letter of allotment dated February 24, 2025, received from Funky Monkeys Play Centre Private Limited (“Funky Monkeys”), it has been allotted 3,61,773 equity shares of INR 10/- each. This represents 21.43% of Funky Monkeys&#8217; equity share capital, against a subscription payment of INR 15 Crores made by the company. Furthermore, on February 24, 2025, Nazara Technologies Limited acquired 6,51,204 equity shares of INR 10/- each, representing 38.57% of Funky Monkeys&#8217; equity share capital, from its existing shareholders for a cash consideration of INR 28.7 Crores. With the completion of this transaction, Nazara Technologies [&hellip;]
- [DII Infuses ₹5,185.65 Cr, While FII/FPI Pulls Out ₹6286.70 Cr in Capital Markets on Feb 24,2025](https://angelnews.in/dii-infuses-%e2%82%b95185-65-cr-while-fii-fpi-pulls-out-%e2%82%b96286-70-cr-in-capital-markets-on-feb-242025/): On February 24, 2025, trading activity in the capital market segment across NSE, BSE, and MSEI reflected contrasting trends between Domestic Institutional Investors (DII) and Foreign Institutional Investors/Foreign Portfolio Investors (FII/FPI). DIIs were net buyers, with a total buy value of ₹12,552.14 crores and a sell value of ₹7,366.49 crores, resulting in a net inflow of ₹5,185.65 crores. On the other hand, FIIs/FPIs were net sellers, recording a buy value of ₹7,905.53 crores against a significantly higher sell value of ₹14,192.23 crores, leading to a net outflow of ₹6,286.70 crores. This indicates strong domestic participation while foreign investors continued their selling [&hellip;]
- [NTPC Green Energy Limited and MPPGCL Sign MoU to Advance Renewable Energy Projects in Madhya Pradesh](https://angelnews.in/ntpc-green-energy-limited-and-mppgcl-sign-mou-to-advance-renewable-energy-projects-in-madhya-pradesh/): To support the development of Renewable Energy Parks and Projects and contribute to the Government of India&#8217;s energy transition efforts, NTPC Green Energy Limited (NGEL) and Madhya Pradesh Power Generating Company Limited (MPPGCL) signed a Memorandum of Understanding (MoU) on February 24, 2025, during the Global Investors Summit in Bhopal. The MoU was exchanged in the esteemed presence of Dr. Mohan Yadav, Hon’ble Chief Minister of Madhya Pradesh; Sh. Gurdeep Singh, CMD (NTPC); Sh. Neeraj Mandloi (IAS), ACS (Energy), Government of Madhya Pradesh; along with other dignitaries from NTPC, NGEL, MPPGCL, and the Energy Department of Madhya Pradesh. This MoU aims [&hellip;]
- [Bharat Forge's Kalyani Powertrain Partners with AMD to Enter the Indian Server Market](https://angelnews.in/bharat-forges-kalyani-powertrain-partners-with-amd-to-enter-the-indian-server-market/): Kalyani Powertrain, a wholly-owned subsidiary of Bharat Forge Ltd., has partnered with AMD to enter the Indian server market, marking a key milestone in strengthening the country&#8217;s server infrastructure. This collaboration will integrate AMD’s EPYC processors into locally manufactured servers, providing high performance, energy efficiency, and security features, while reducing the Total Cost of Ownership (TCO) for data centers. In the future, the servers will also incorporate AMD Instinct™ accelerators to enhance AI and high-performance computing capabilities. The partnership supports India’s Make in India initiative by promoting local manufacturing and reducing reliance on imports. It will provide enterprises, cloud providers, hyperscalers, [&hellip;]
- [EaseMyTrip’s YoloBus and Easy Green Mobility Win Madhya Pradesh’s First Inter-City Electric Bus Tender](https://angelnews.in/easemytrips-yolobus-and-easy-green-mobility-win-madhya-pradeshs-first-inter-city-electric-bus-tender/): EaseMyTrip.com, a leading online travel tech platform in India, has reached a major milestone through its wholly owned subsidiaries, YoloBus and Easy Green Mobility, by winning Madhya Pradesh’s inaugural inter-city electric bus tender issued by Sagar City Transport Services Limited (SCTSL). These electric buses will be operated by YoloBus and manufactured by Easy Green Mobility. This achievement addresses the critical issue of limited electric bus availability amid growing demand, while aligning with the state’s ambitious goals for sustainable public transportation. The first batch of advanced electric buses is set to launch in August 2025. These buses are designed to offer an [&hellip;]
- [Swiggy to Invest Up to INR 1000 Crores in Wholly-Owned Subsidiary Scootsy for Business Expansion](https://angelnews.in/swiggy-to-invest-up-to-inr-1000-crores-in-wholly-owned-subsidiary-scootsy-for-business-expansion/): Swiggy plans to invest up to INR 1,000 crores in the equity shares of Scootsy Logistics Private Limited (&#8220;Scootsy&#8221;), its wholly-owned subsidiary, in one or more tranches. This investment will be made through a rights issue, aimed at supporting working capital and other capital expenditures as part of the Company&#8217;s business expansion. Scootsy, which operates in the supply chain services and distribution sector, reported a turnover of INR 51,957 million for the financial year ending March 31, 2024. As a related party transaction, the deal is conducted at arm’s length, with the Company holding no other interest in Scootsy beyond its [&hellip;]
- [Foreign Investors Net Outflow of ₹-3,449.15 Crores on 21st February 2025, Details](https://angelnews.in/foreign-investors-net-outflow-of-%e2%82%b9-3449-15-crores-on-21st-february-2025-details/): On 21st February 2025, the trading activity in the Capital Market segment across NSE, BSE, and MSEI reflected a contrasting trend between Domestic Institutional Investors (DII) and Foreign Institutional Investors/Foreign Portfolio Investors (FII/FPI). DII recorded a robust buy value of ₹12,889.44 crores, alongside a sell value of ₹10,004.83 crores, resulting in a positive net value of ₹2,884.61 crores, indicating strong buying interest from domestic investors. Conversely, FII/FPI displayed a different pattern, with a buy value of ₹10,144.33 crores and a significantly higher sell value of ₹13,593.48 crores, resulting in a negative net value of ₹-3,449.15 crores. This suggests that foreign investors [&hellip;]
- [MobiKwik Acquires 3.39% Stake in Blostem Fintech to Strengthen B2B Banking Infrastructure](https://angelnews.in/mobikwik-acquires-3-39-stake-in-blostem-fintech-to-strengthen-b2b-banking-infrastructure/): MobiKwik Systems Limited has announced the acquisition of a 3.39% stake in Blostem Fintech Private Limited, marking a strategic move into the B2B banking infrastructure sector. Blostem, founded in 2021, specializes in Fixed Deposit (FD) aggregation and has built key partnerships with banks and non-banking financial companies (NBFCs) to offer integrated financial products via robust API solutions. The transaction, part of a broader investment agreement, involves an overall investment of INR 3,00,11,890 in two tranches. The first tranche of INR 1,50,20,250 was paid in March 2024 for a 3.40% stake, while the second tranche, amounting to INR 1,49,91,640, is expected to [&hellip;]
- [CM Mamata Banerjee Lays Foundation Stone for Narayana Health City, Kolkata: A 1,100-Bed Super-Specialty Hospital](https://angelnews.in/cm-mamata-banerjee-lays-foundation-stone-for-narayana-health-city-kolkata-a-1100-bed-super-specialty-hospital/): On February 20, 2025 (Thursday), Smt. Mamata Banerjee, the Hon&#8217;ble Chief Minister of West Bengal, laid the foundation stone for Narayana Health City, Kolkata, a cutting-edge 1,100-bed super-specialty hospital in New Town, Kolkata. Designed to be equipped with the latest technology, the hospital aims to provide world-class healthcare services to the people of Eastern India. The proposed expansion will occur in phases over the next 3 to 10 years, with the first phase, consisting of 350 beds, expected to begin operations in FY 2028-29. The initial investment for this phase is approximately INR 9,000 million, and it will be financed through [&hellip;]
- [Garden Reach Shipbuilders & Engineers Signs ₹23.07 Crore Contract with MEA for Normal Refit of Mauritius Coast Guard Ship CGS Barracuda](https://angelnews.in/garden-reach-shipbuilders-engineers-signs-%e2%82%b923-07-crore-contract-with-mea-for-normal-refit-of-mauritius-coast-guard-ship-cgs-barracuda/): Garden Reach Shipbuilders &amp; Engineers Limited (GRSE) has signed a contract with the Ministry of External Affairs (MEA), Government of India, for the normal refit of the Mauritius Coast Guard Ship CGS Barracuda (MCGS Barracuda). The refit will be undertaken by GRSE, and the ship, a warship, was originally constructed and delivered to the Government of Mauritius for their Coast Guard in 2014. The contract includes both services and mandatory spares as per the Delivery List (DL). Any additional spares required for extra work will be considered under &#8220;Growth of Work.&#8221; The order is awarded by the domestic entity, MEA, GoI, [&hellip;]
- [టాటా కన్సల్టెన్సీ సర్వీసెస్ (TCS) తయారీ మరియు సెమీకండక్టర్ రంగం లో సేల్స్‌ఫోర్స్‌తో కొత్త భాగస్వామ్యం ప్రకటించింది](https://angelnews.in/tcs-partners-with-salesforce-to-drive-ai-transformation-in-manufacturing-and-semiconductor-industries/): టాటా  కన్సల్టెన్సీ సర్వీసెస్ (TCS) తయారీ మరియు సెమీకండక్టర్ రంగం లో సెల్స్‌ఫోర్స్ (NYSE: CRM) తో భాగస్వామ్యం చేసుకుంది. ఇది తయారీ మరియు సేమికండక్టర్ రంగాలలో ఉన్న కస్టమర్లను ఆర్టిఫిషియల్ ఇంటెలిజెన్స్ ద్వారా సహాయపడేందుకు ఉద్దేశించబడింది. ఈ భాగస్వామ్య భాగంగా, TCS మూడు ప్రధాన కార్యక్రమాలను ప్రారంభించింది: సేమికండక్టర్ సేల్స్ యాక్సలరేటర్, ఇది డేటా ఆధారిత అవగాహనలతో అమ్మకాలను పెంచుతుంది; సెల్లర్ ఫర్ ది ఫ్యూచర్, ఇది రియల్-టైమ్ అవగాహనలను, ప్రిడిక్టివ్ అనాలిటిక్స్ మరియు వ్యక్తిగతీకరించిన సిఫార్సులను అందిస్తుంది; మరియు డిజిటల్ ఫీల్డ్ సర్వీస్, ఇది ఫీల్డ్ టెక్నీషియన్లకు రియల్-టైమ్ డేటా, ప్రిడిక్టివ్ మెయింటెనెన్స్ అవగాహనలను మరియు మెరుగైన షెడ్యూలింగ్‌ను అందిస్తుంది. AIను అమలు చెయ్యటం లో భాగంగా సంస్థలకు ఎదురయ్యే ప్రధాన సవాల్లు ఒకటి వారి డేటా యొక్క పూర్తిస్థాయిని ఉపయోగించుకోవడం. పెద్ద సంస్థలలో, డేటా సాధారణంగా అనార్గానైజ్గా విభజించబడుతుంది. తయారీ మరియు సేమికండక్టర్ రంగాలలో ప్రత్యేక సవాళ్లను పరిష్కరించడం [&hellip;]
- [Ethos Partners with Unicommerce to Streamline Order Management and Expand Online Reach](https://angelnews.in/ethos-partners-with-unicommerce-to-streamline-order-management-and-expand-online-reach/): Ethos, a leading luxury watch retailer, has integrated Unicommerce’s Uniware suite to improve order management and delivery processes for its expanding online customer base. Founded in 2003, Ethos operates over 70 Watch Boutiques in 23 cities across India and offers more than 70 luxury watch brands, including Rolex, Tissot, and Breitling. By adopting Unicommerce&#8217;s multi-channel order and warehouse management systems, Ethos has automated previously manual processes, allowing it to manage orders from its website and various online marketplaces more efficiently. The system optimizes order processing, ensures seamless checkout for high-value items, and improves after-sales services. Additionally, automated shipping allocations enable real-time [&hellip;]
- [Nok Air Collaborates with RateGain to Optimize Pricing Strategies with AI-Driven Insights](https://angelnews.in/nok-air-collaborates-with-rategain-to-optimize-pricing-strategies-with-ai-driven-insights/): RateGain Travel Technologies Limited has announced that Nok Air, a leading budget carrier in Thailand, has adopted AirGain, RateGain’s pricing intelligence platform, to gain real-time competitive insights. This partnership supports Nok Air’s goal to offer affordable, seamless travel experiences while expanding its network in Thailand and Asia. Operating a strong domestic network and international routes to India and China, Nok Air is known for its customer-first approach and competitive pricing. With AirGain, the airline can access pricing data from over 300 airlines and 50+ OTAs, helping it refine pricing strategies, optimize promotions, and maintain market leadership while driving sustainable growth.
- [FII's Net Sold ₹1,881.30 Crores & DII's Net bought  ₹1,957.74 Crores Today, Full Details](https://angelnews.in/fiis-net-sold-%e2%82%b91881-30-crores-diis-net-bought-%e2%82%b91957-74-crores-today-full-details/): On 19th February 2025, the trading activity in the Capital Market segment across NSE, BSE, and MSEI highlighted contrasting positions between Domestic Institutional Investors (DII) and Foreign Institutional Investors (FII) / Foreign Portfolio Investors (FPI). DIIs showed a positive stance, with a total buy value of ₹11,192.98 crores and a sell value of ₹9,235.24 crores, resulting in a net inflow of ₹1,957.74 crores. This suggests that DIIs were net buyers on this day. On the other hand, FIIs/FPIs had a more negative outlook, with a buy value of ₹11,570.57 crores, but their sell value was significantly higher at ₹13,451.87 crores, resulting [&hellip;]
- [Invest Bank Partners with Veefin Solutions to Digitize Supply Chain Finance Operations](https://angelnews.in/invest-bank-partners-with-veefin-solutions-to-digitize-supply-chain-finance-operations/): Invest Bank, one of the leading financial institutions in the UAE, has partnered with Veefin Solutions, a top provider of digital supply chain finance technology and working capital solutions, to fully digitize its Supply Chain Finance (SCF) operations. This collaboration will replace the bank’s current manual processes with a cutting-edge digital platform, enhancing the speed, efficiency, and seamlessness of financing for businesses throughout the UAE. With this partnership, Invest Bank will utilize Veefin’s advanced SCF Loan Management System to streamline financing, eliminate time-consuming manual tasks, and significantly boost operational efficiency. By embracing a complete digital transformation, Invest Bank aims to offer [&hellip;]
- [టాటా కన్సల్టెన్సీ సర్వీసెస్ రోబోటిక్స్ రంగంలో మాస్‌రోబోటిక్స్‌తో భాగస్వామ్యాన్ని ప్రకటించింది](https://angelnews.in/tcs-collaborates-with-massrobotics-in-north-america-to-accelerate-innovation-in-the-robotics-sector/): టాటా కన్సల్టెన్సీ సర్వీసెస్ (TCS) (BSE: 532540, NSE: TCS), ప్రపంచంలోనే అతిపెద్ద స్వతంత్ర రోబోటిక్స్ హబ్ అయిన MassRoboticsతో భాగస్వామ్యాన్ని ప్రకటించింది. ఈ భాగస్వామ్యం రిటైల్, రవాణా, ఆతిథ్యం మరియు వినియోగదారు ఉత్పత్తుల వంటి రంగాలలో స్టార్టప్‌లు, పరిశోధకులు మరియు పరిశ్రమ నిపుణులతో కలిసి పనిచేయడం ద్వారా రోబోటిక్స్‌లో ఆవిష్కరణలను ప్రోత్సహించే మాస్‌రోబోటిక్స్ లక్ష్యానికి మద్దతునిస్తుంది. ఈ సహకారంలో భాగంగా, బోస్టన్‌లోని మాస్‌రోబోటిక్స్ ఫెసిలిటీలో TCS ఉంటుంది. ఇది రోబోటిక్స్ స్టార్టప్‌లు, పరిశోధనా సంస్థలు మరియు పరిశ్రమల ప్రముఖులతో కలిసి TCS పని చేస్తుంది. మానవ పనికి రోబోలు సహాయం చేసే పరిశ్రమలలో సాంకేతిక మరియు వ్యాపార ప్రయోజనాల కోసం రోబోటిక్స్ సాంకేతికతలను మెరుగుపరచడానికి AI, మెషిన్ లెర్నింగ్ మరియు ఆటోమేషన్‌లలో TCS పరిజ్ఞానాన్ని ఈ సహకారం ఉపయోగిస్తుంది. రోబోటిక్స్ మార్కెట్ భవిష్యత్తులో వృద్ధి చెందుతుందని అంచనా, 2025 నాటికి ప్రపంచవ్యాప్తంగా 3 మిలియన్ యూనిట్లు ఇన్‌స్టాల్ చేయబడతాయని అంచనా వేయబడింది. [&hellip;]
- [Netweb Technologies Launches Skylus.ai: A Solution for Optimized GPU Resource Management in AI Labs](https://angelnews.in/netweb-technologies-launches-skylus-ai-a-solution-for-optimized-gpu-resource-management-in-ai-labs/): Netweb Technologies has unveiled Skylus.ai, an innovative solution for optimizing GPU resource management in AI labs. Skylus.ai is a powerful appliance designed to streamline the use of multi-vendor GPU and CPU resources, offering an efficient, vendor-agnostic solution that maximizes GPU utilization for AI workloads, including GenAI. The platform simplifies the setup of a GPU-based AI infrastructure by allowing flexible resource allocation, ensuring that organizations can adapt to their specific needs, whether they are using CPUs, full GPUs, or slices of multi-instance GPUs. The Skylus.ai platform also integrates seamlessly with Tyrone HyperScale NAS—ParallelStor, providing high throughput and low latency, which is crucial [&hellip;]
- [KIMS Hospitals Partners with UAIMS Hospital in Sangli, Maharashtra, Expanding Presence to Four Locations in State](https://angelnews.in/kims-hospitals-partners-with-uaims-hospital-in-sangli-maharashtra-expanding-presence-to-four-locations-in-state/): Krishna Institute of Medical Sciences Limited (KIMS) has entered into a strategic partnership with Ushahkal Abhinav Institute of Medical Sciences (UAIMS) in Sangli, Maharashtra, to manage its operations. This collaboration also includes an option for KIMS to acquire a majority stake in the future. The new entity will be named KIMS-UAIMS Hospital. KIMS has already expanded its footprint in Maharashtra with hospitals in Nagpur, Nashik, and the upcoming 300-bed multi-specialty hospital in Thane. This partnership aligns with KIMS&#8217; strategy to strengthen its presence in the state. UAIMS Hospital, established in 2022, is one of the region&#8217;s leading quaternary care facilities with [&hellip;]
- [Eurobank and LTIMindtree to Launch Global Delivery Center in Pune to Drive Innovation and Enhance Customer Experience](https://angelnews.in/eurobank-and-ltimindtree-to-launch-global-delivery-center-in-pune-to-drive-innovation-and-enhance-customer-experience/): Eurobank S.A. , a subsidiary of Eurobank Ergasias Services and Holdings S.A. (“Eurobank Holdings”), a leading banking group in Athens, Greece, has partnered with LTIMindtree , a global technology consulting and digital solutions company, to initiate a multi-year collaboration aimed at enhancing customer experience. This partnership focuses on improving banking operations and developing innovative IT services for Eurobank and its subsidiaries. Facilitated by Fairfax Digital Services (A Fairfax Company), the collaboration includes the establishment of a Global Delivery Center in India. The center, located at the LTIMindtree office in Pune, India, marks a significant step in reinforcing the strong economic ties [&hellip;]
- [ఎయిర్‌టెల్ చెన్నై మరియు ముంబైలలో SEA-ME-WE 6 కేబుల్ ల్యాండింగ్‌లతో గ్లోబల్ కనెక్టివిటీని బలోపేతం చేసింది](https://angelnews.in/airtel-strengthens-global-connectivity-with-sea-me-we-6-cable-landings-in-chennai-and-mumbai/): భారతి ఎయిర్‌టెల్ లిమిటెడ్ (“ఎయిర్‌టెల్”), భారతదేశపు అగ్రశ్రేణి టెలికమ్యూనికేషన్ సర్వీస్ ప్రొవైడర్‌లలో ఒకటి, కొత్త SEA-ME-WE 6 (ఆగ్నేయాసియా-మిడిల్ ఈస్ట్-వెస్ట్ యూరోప్-6, లేదా SMW6) కేబుల్‌ను చెన్నైలో విజయవంతంగా ల్యాండ్ చేసింది. ఈ కేబుల్ గతంలో డిసెంబర్ 30, 2024న ముంబైలో ల్యాండ్ చేయబడింది. SEA-ME-WE-6 సిస్టమ్ యొక్క ఇంజనీరింగ్, తయారీ మరియు ఇన్‌స్టాలేషన్‌కు బాధ్యత వహించే సబ్‌సీ ఫైబర్ ఆప్టిక్ కేబుల్ డేటా సిస్టమ్‌ల యొక్క ప్రముఖ ప్రొవైడర్ అయిన సబ్‌కామ్ ఈ ల్యాండింగ్‌లను నిర్వహించింది. 21,700 Rkm జలాంతర్గామి కేబుల్ వ్యవస్థ భారతదేశాన్ని సింగపూర్ మరియు ఫ్రాన్స్ (మార్సెయిల్)కి ఈజిప్ట్ అంతటా టెరెస్ట్రియల్ కేబుల్స్ ద్వారా కలుపుతుంది. ముంబై మరియు చెన్నై రెండింటిలోనూ కేబుల్ ల్యాండింగ్‌లు ఎయిర్‌టెల్ యొక్క డేటా సెంటర్ డివిజన్ Nxtra బై ఎయిర్‌టెల్‌తో ఈ నగరాల్లోని దాని ప్రధాన సౌకర్యాలలో పూర్తిగా అనుసంధానించబడతాయి. అంతర్జాతీయ కనెక్టివిటీ మరియు డేటా సెంటర్ సేవల యాక్సెస్‌తో భారతదేశంలోని గ్లోబల్ [&hellip;]
- [Cyient DLM to Manufacture High-Reliability PCBAs for Thales' Avionics Systems](https://angelnews.in/cyient-dlm-to-manufacture-high-reliability-pcbas-for-thales-avionics-systems/): Cyient DLM, an integrated design-led manufacturing partner, has received a strategic avionics manufacturing contract from Thales, a global leader in technology. As part of this collaboration, Cyient DLM will produce high-reliability Printed Circuit Board Assemblies (PCBAs) for Thales’s next-generation flight avionics systems. This move further solidifies Cyient DLM’s reputation as a trusted manufacturing partner within the global Aerospace &amp; Defense sector. These mission-critical PCBAs will be used in leading commercial aircraft, showcasing Cyient DLM’s expertise in high-reliability electronics. Deepak Talwar, Vice President of Group Procurement – Engineering, India, Middle East, and Africa at Thales, commented, &#8220;At Thales, we are dedicated to [&hellip;]
- [Zen Technologies Unveils Next-Gen Combat and Training Solutions at Aero India 2025, Details](https://angelnews.in/zen-technologies-unveils-next-gen-combat-and-training-solutions-at-aero-india-2025-details/): Zen Technologies Limited, India’s leading provider of anti-drone technology and defense training solutions, introduced a new range of next-generation combat and training systems on Day 4 of Aero India 2025, reinforcing India’s growing leadership in advanced military technology. This followed the Chief of Defence Staff (CDS) launch of Zen’s AI-powered defense systems on Day 2. The company’s latest suite of indigenous innovations is designed to enhance battlefield readiness, mission success, and global security. Developed entirely in-house, these cutting-edge solutions aim to meet the evolving needs of air, land, and naval forces, further establishing India’s self-reliance in defense technology while equipping modern [&hellip;]
- [టాటా పవర్ రెన్యూవబుల్ ఎనర్జీ (TPREL): బ్యాటరీ ఎనర్జీ స్టోరేజ్ సిస్టమ్ (BESS) విభాగంలో ఉమ్మడి అవకాశాలను అన్వేషించడానికి ONGC తో నాన్-బైండింగ్ ఎంఓయూపై సంతకం చేసింది](https://angelnews.in/tata-power-renewable-energy-limited-and-ongc-partner-to-lead-in-battery-energy-storage/): టాటా పవర్‌లో భాగమైన టాటా పవర్ రెన్యూవబుల్ ఎనర్జీ లిమిటెడ్ (TPREL), భారతదేశపు పునరుత్పాదక శక్తిలో కీలక పాత్ర పోషిస్తుంది, భారతదేశపు అగ్రశ్రేణి ఇంధన సంస్థ అయిన ఆయిల్ అండ్ నేచురల్ గ్యాస్ కార్పొరేషన్ లిమిటెడ్ (ONGC)తో నాన్-బైండింగ్ ఒప్పందంపై సంతకం చేసింది. బ్యాటరీ ఎనర్జీ స్టోరేజ్ సిస్టమ్ (BESS) మరియు సంబంధిత రంగాలలో ఉమ్మడి అవకాశాలను అన్వేషించడం ఒప్పందం యొక్క లక్ష్యం. ఇండియా ఎనర్జీ వీక్ 2025లో గౌరవనీయులైన కేంద్ర పెట్రోలియం మరియు సహజ వాయువు (MoPNG) మంత్రి శ్రీ హర్దీప్ సింగ్ పూరి, ONGC చైర్మన్ మరియు CEO శ్రీ అరుణ్ కుమార్ సింగ్, TPREL CEO &amp; మేనేజింగ్ డైరెక్టర్ శ్రీ దీపేష్ నందా మరియు ఇతర నాయకుల సమక్షంలో ఈ ఎమ్ఒయు సంతకం చేయబడింది. ఈ భాగస్వామ్యం BESS value chain లోని వివిధ భాగాలలో అవకాశాలను అన్వేషిస్తుంది, వీటిలో పెద్ద-స్థాయి సిస్టమ్‌లు, గ్రిడ్ సేవలు, పునరుత్పాదక [&hellip;]
- [Bharat Forge’s Kalyani Strategic Systems and L3Harris Sign MOU for Advanced Defense Collaboration in India](https://angelnews.in/bharat-forges-kalyani-strategic-systems-and-l3harris-sign-mou-for-advanced-defense-collaboration-in-india/): Kalyani Strategic Systems Limited (KSSL), a subsidiary of Bharat Forge, and L3Harris Technologies have signed a two-year Memorandum of Understanding (MOU) to enhance defense and security capabilities in India. The collaboration will focus on providing solutions in Command, Control, Communications, Intelligence, Surveillance, and Reconnaissance (C4ISR) technologies, with the goal of strengthening tactical communication networks in the country. Under this partnership, L3Harris gains a strong local partner in KSSL, which will support the development of these critical defense technologies in India. The collaboration will also expand L3Harris&#8217; global presence, building upon its footprint of over 1 million fielded radios across U.S. Department [&hellip;]
- [ఓమన్‌లోని మస్కట్ క్లీయరింగ్ అండ్ డిపాజిటరీ యొక్క కార్యకలాపాలను ఆధునికీకరించడానికి టీసీఎస్ ఒప్పందం](https://angelnews.in/%e0%b0%93%e0%b0%ae%e0%b0%a8%e0%b1%8d%e0%b0%b2%e0%b1%8b%e0%b0%a8%e0%b0%bf-%e0%b0%ae%e0%b0%b8%e0%b1%8d%e0%b0%95%e0%b0%9f%e0%b1%8d-%e0%b0%95%e0%b1%8d%e0%b0%b2%e0%b1%80%e0%b0%af%e0%b0%b0%e0%b0%bf/): టాటా కన్సల్టెన్సీ సర్వీసెస్ (TCS), ఒమన్ సెంట్రల్ సెక్యూరిటీస్ డిపాజిటరీ అయిన మస్కట్ క్లియరింగ్ అండ్ డిపాజిటరీ (MCD) డిపాజిటరీ సిస్టమ్‌ను ఆధునీకరించడానికి ఒక ఒప్పందంపై సంతకం చేసింది. ఇందులో భాగంగా, TCS మార్కెట్ ఇన్‌ఫ్రాస్ట్రక్చర్ కోసం TCS BaNCని అమలు చేస్తుంది మరియు ఫ్యూచర్ ప్రూఫ్ MCD కార్యకలాపాలకు క్వార్ట్‌ను అమలు చేస్తుంది. మార్కెట్ పార్టిసిపెంట్‌లకు క్లియరింగ్, సెటిల్‌మెంట్ మరియు డిపాజిటరీ (CSD) సేవలను అందించే MCD, TCS యొక్క నైపుణ్యంతో దాని పరిష్కారాలను మెరుగుపరచడమే కాకుండా కొలేటరల్ మేనేజ్‌మెంట్, సెంట్రల్ కౌంటర్‌పార్టీ క్లియరింగ్ మరియు రిస్క్ మేనేజ్‌మెంట్ వంటి కొత్త సేవలను కూడా పొందుతుంది. క్వార్ట్జ్ నుండి పరిష్కారాలను అమలు చేయడానికి MCDకి TCS సహాయం చేస్తుంది. అదనంగా, TCS కస్టమర్ అనుభవాన్ని మెరుగుపరచడానికి మరియు MCD దాని పరివర్తన లక్ష్యాలను సాధించడంలో సహాయం చేయడానికి దాని క్లౌడ్-ఆధారిత మరియు డిజిటల్ పరిష్కారాలను ఉపయోగిస్తుంది. మార్కెట్ ఇన్‌ఫ్రాస్ట్రక్చర్ కోసం TCS [&hellip;]
- [Veefin Solutions to Acquire 49% Stake in White Rivers Media Solutions for INR 166.6 Crores](https://angelnews.in/veefin-solutions-to-acquire-49-stake-in-white-rivers-media-solutions-for-inr-166-6-crores/): Veefin Solutions Limited, through its subsidiary Infini Systems Limited, proposes to acquire up to 49% of the shareholding, comprising 4,900 equity shares, of White Rivers Media Solutions Private Limited on February 10, 2025. White Rivers Media Solutions, a private limited company incorporated in India on July 15, 2016, operates in the Digital Marketing and Advertising Solutions industry. The company has an authorized capital of INR 11,00,00,000, with paid-up capital consisting of 1,00,000 equity shares and 73,95,000 DVR equity shares. As of the last audited balance sheet on March 31, 2024, the company&#8217;s turnover stands at INR 113.85 crores. The acquisition will [&hellip;]
- [MBDA and AXISCADES Forge Strategic Partnership to Establish Centre of Excellence for Test Benches in Bangalore](https://angelnews.in/mbda-and-axiscades-forge-strategic-partnership-to-establish-centre-of-excellence-for-test-benches-in-bangalore/): MBDA and AXISCADES have announced a strategic collaboration to create a Centre of Excellence (COE) for Test Benches in Bangalore, which will strengthen MBDA&#8217;s Make In India initiatives. AXISCADES has been working with MBDA since 2018, delivering Test Benches for the MICA Missiles and Missile Launchers, and has built the infrastructure, tools, and processes required for these projects in line with DPP 2016 standards. The new COE will be located at AXISCADES&#8217;s upcoming facility in the Aerospace Park near Kempe Gowda International Airport, spanning 42,000 sq. ft. It will feature a state-of-the-art Test Bench laboratory and have the capacity to design, [&hellip;]
- [VA TECH WABAG Secures Consortium Order Worth INR 3,251 Crores for 200 MLD Sewage Treatment Plant in Riyadh, Saudi Arabia](https://angelnews.in/va-tech-wabag-secures-consortium-order-worth-inr-3251-crores-for-200-mld-sewage-treatment-plant-in-riyadh-saudi-arabia/): WABAG has secured a significant consortium order valued at USD 371 million (~INR 3,251 crores) for the Al Haer Independent Sewage Treatment Plant in Riyadh, Saudi Arabia. WABAG, a prominent Indian multinational specializing in water technology, continues to strengthen its presence in the Middle East. The order, awarded by Al Haer Environmental Services Company, is for the Engineering, Procurement, and Construction (EPC) of a 200 MLD Independent Sewage Treatment Plant (ISTP), including connections to outfall delivery facilities. The project is being developed by a consortium of Miahona Company (lead), Marafiq, and N.V. Besix S.A. for the Saudi Water Partnership Company (SWPC), [&hellip;]
- [హ్యుందాయ్ మోటార్ ఇండియా EXTER మరియు AURA మోడల్స్ లో కొత్త వేరియంట్లు మరియు అప్డేట్లను ప్రవేశపెట్టింది](https://angelnews.in/%e0%b0%b9%e0%b1%8d%e0%b0%af%e0%b1%81%e0%b0%82%e0%b0%a6%e0%b0%be%e0%b0%af%e0%b1%8d-%e0%b0%ae%e0%b1%8b%e0%b0%9f%e0%b0%be%e0%b0%b0%e0%b1%8d-%e0%b0%87%e0%b0%82%e0%b0%a1%e0%b0%bf%e0%b0%af%e0%b0%be-exter/): హ్యుందాయ్ మోటార్ ఇండియా లిమిటెడ్ (HMIL) తమ పాపులర్ మోడల్స్ అయిన హ్యుందాయ్ EXTER మరియు AURA కోసం కొత్త వేరియంట్లు మరియు ఫీచర్ అప్‌డేట్స్‌ను ప్రవేశపెట్టింది. ఇవి ఆధునిక, ఆశావహ భారతీయ వినియోగదారుల అవసరాలను తీర్చడానికి రూపొందించబడ్డాయి. ఈ అప్‌డేట్స్‌ ఆధునిక టెక్నాలజీ, మెరుగైన ఆహ్లాదం మరియు పెరిగిన భద్రతను కలిగి ఉండి, యజమాన్య అనుభవాన్ని మెరుగుపరచడానికి మరియు వినియోగదారులకు మరింత విలువ అందించడానికి లక్ష్యంగా ఉన్నాయి. Hyundai EXTER EXTER మోడల్ కోసం కొత్త వేరియంట్లలో SX Tech వేరియంట్‌ ప్రవేశపెట్టడమైంది, దీనిలో స్మార్ట్ కీ, డ్యాష్‌క్యామ్‌ డ్యూయల్ కెమెరా, స్మార్ట్ ఎలక్ట్రిక్ సన్‌రూఫ్, 20.32 సెంటీమీటర్ల టచ్‌స్క్రీన్ ఇన్ఫోటైన్‌మెంట్ సిస్టమ్‌ (ఆండ్రాయిడ్ ఆటో మరియు ఆపిల్ కార్ ప్లే) వంటి ఫీచర్లను కలిగి ఉంది. S+ వేరియంట్ ఇప్పుడు రియర్ కెమెరా, రియర్ AC వెన్ట్‌లు, డ్యూ‌ల్టోన్ స్టైల్‌డ్ స్టీల్ వీల్స్‌తో అందుబాటులో ఉంది, ఇక అప్డేటెడ్ S [&hellip;]
- [Gensol Engineering Secures 245 MW EPC Contract Worth INR 967.98 Crores at Khavda Solar Park, Gujarat](https://angelnews.in/gensol-engineering-secures-245-mw-epc-contract-worth-inr-967-98-crores-at-khavda-solar-park-gujarat/): Gensol Engineering Limited, a prominent player in the renewable energy industry, has further strengthened its role as a key contributor to India&#8217;s energy transition by securing a major EPC contract. The company has been awarded the contract by a well-known public sector entity for the development of a 245 MW Solar PV Project at the renowned Khavda RE Power Park in Gujarat. Valued at approximately INR 967.98 Crores (including GST), the contract also covers three years of comprehensive O&amp;M services. This achievement marks Gensol&#8217;s second major project win at Khavda Solar Park in a short period, highlighting the company&#8217;s robust market [&hellip;]
- [JSW Neo Energy Signs 180 MW Wind Power Deal with Amazon, Expands Renewable Energy Portfolio to 4.0 GW](https://angelnews.in/jsw-neo-energy-signs-180-mw-wind-power-deal-with-amazon-expands-renewable-energy-portfolio-to-4-0-gw/): JSW Neo Energy, a fully owned subsidiary of JSW Energy Limited , has entered into a renewable energy power purchase agreement with Amazon for 180 MW of wind power. As a result of this agreement, the Company&#8217;s committed RE Commercial and Industrial (C&amp;I) capacity now totals 4.0 GW. This includes 2.7 GW from JSW group&#8217;s captive capacity and 1.3 GW from third-party C&amp;I capacity, which also encompasses capacity to be acquired from O2 Power. The Company’s C&amp;I portfolio features key clients such as Amazon, DCM Shriram Ltd, and Indus Towers Ltd., highlighting the Company&#8217;s dedication to providing sustainable energy solutions. At [&hellip;]
- [Nazara Technologies Subsidiary Nodwin Gaming Completes Acquisition of Starladder Ltd for INR 47.59 Crores](https://angelnews.in/nazara-technologies-subsidiary-nodwin-gaming-completes-acquisition-of-starladder-ltd-for-inr-47-59-crores/): Nodwin Gaming International Pte Ltd, a step-down subsidiary of Nazara Technologies Limited, has successfully acquired 100% of the share capital of Starladder Ltd  from the Seller for a total consideration of up to USD 5.50 million (~INR 47.59 crores). The payment is structured with USD 2.00 million (~INR 17.31 crores) to be paid in cash and the remaining USD 3.50 million (~INR 30.28 crores) through a swap of equity shares in Nodwin Singapore. As per the terms of the agreement, Nodwin Singapore has issued and allotted 16,187 equity shares to discharge the USD 3.50 million (~INR 30.28 crores). The balance USD [&hellip;]
- [Datamatics Secures Contract for AFC System Deployment on Pune Metro Line 3, Enhancing Commuter Experience](https://angelnews.in/datamatics-secures-contract-for-afc-system-deployment-on-pune-metro-line-3-enhancing-commuter-experience/): Datamatics, a provider of Digital Technologies, has been awarded the contract to design, supply, install, test, and integrate an Automatic Fare Collection (AFC) system for 23 stations on Pune Metro Line 3 in Maharashtra, India. This system will cover the 23 km elevated route from Hinjewadi to Civil Court (Shivaji Nagar) in Pune. The project, part of a public-private partnership between the Pune Metropolitan Regional Development Authority (PMRDA) and private partners, will modernize urban transit infrastructure. The AFC system will offer a seamless, multi-modal payment experience using EMV contactless cards and QR-based ticketing, in line with the National Common Mobility Card [&hellip;]
- [Cyient and Micware Navigations Partner to Strengthen Intelligent Mobility Solutions](https://angelnews.in/cyient-and-micware-navigations-partner-to-strengthen-intelligent-mobility-solutions/): Cyient, a global provider of Intelligent Engineering services, has signed a Memorandum of Understanding (MoU) with Micware Navigations, a specialist in navigation and mobility solutions. This partnership will focus on engineering support, customer outreach, and joint marketing strategies. The collaboration aims to deliver innovative, safer, smarter, and more sustainable transportation systems by combining Cyient’s engineering expertise with Micware Navigations’ mobility software. Together, they will develop integrated solutions to meet the growing demands of modern transportation. “We’re excited to team up with Micware Navigations to drive innovation in intelligent mobility,” said Joby Joseph, Vice President &amp; Country Manager (Japan), Cyient. “This partnership [&hellip;]
- [Garden Reach Shipbuilders & Engineers Posts Strong Q3 FY25 Results with 34% YoY Growth in Total Income and 38% YoY Increase in Revenue](https://angelnews.in/garden-reach-shipbuilders-engineers-posts-strong-q3-fy25-results-with-34-yoy-growth-in-total-income-and-38-yoy-increase-in-revenue/): Garden Reach Shipbuilders &amp; Engineers Limited (GRSE) has reported strong financial results for the third quarter ended December 31, 2024. The company posted a Total Income of Rs. 1,343 Crore in Q3FY25, a 34% increase from Rs. 1,005 Crore in Q3FY24. Similarly, Revenue from Operations grew by 38%, reaching Rs. 1,271 Crore in Q3FY25, compared to Rs. 923 Crore in the same quarter last year. The Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) for Q3FY25 stood at Rs. 147 Crore, up 13% from Rs. 130 Crore in Q3FY24. The company also recorded a Profit Before Tax (PBT) of Rs. 134 [&hellip;]
- [Wardwizard Innovations & Mobility Launches Electric Fleet Operations for Last-Mile Delivery, Deploys 100 E-Vehicles in Hyderabad](https://angelnews.in/wardwizard-innovations-mobility-launches-electric-fleet-operations-for-last-mile-delivery-deploys-100-e-vehicles-in-hyderabad/): Wardwizard Innovations &amp; Mobility Limited, known for its electric vehicle brands &#8216;Joy e-bike&#8217; and &#8216;Joy e-rik&#8217;, has launched its entry into fleet operations and last-mile delivery with a fleet of 100 electric two-wheelers in Hyderabad. This is part of a strategic partnership with SpeedforcEV under the brand Optimotion. The initiative aims to provide an integrated solution for delivery partners, offering vehicle supply, 24/7 maintenance, charging infrastructure, financing, and insurance—ensuring minimal downtime and maximizing revenue. The initiative, initially supporting major companies like Zomato, Swiggy, Flipkart, and Amazon, will expand across cities like Chennai, Mumbai, Pune, and Ahmedabad. Wardwizard plans to deploy 8,000 [&hellip;]
- [Tata Power Subsidiary TPREL Signs MoU with Rajasthan Discoms to Accelerate Rooftop Solar Adoption](https://angelnews.in/tata-power-subsidiary-tprel-signs-mou-with-rajasthan-discoms-to-accelerate-rooftop-solar-adoption/): Tata Power Renewable Energy Limited (TPREL), a leading entity in India&#8217;s renewable energy sector and a subsidiary of Tata Power, has signed a Memorandum of Understanding (MoU) with Rajasthan&#8217;s power distribution companies (Discoms), including Jaipur Vidyut Vitran Nigam Limited (JVVNL), Ajmer Vidyut Vitran Nigam Limited (AVVNL), and Jodhpur Vidyut Vitran Nigam Limited (JDVVNL). This collaboration aims to accelerate renewable energy adoption and conservation across Rajasthan, with a particular focus on promoting the Pradhan Mantri Surya Ghar: Muft Bijali Yojana (PMSG:MBY) in residential areas. The MoU signing ceremony was attended by Additional Chief Secretary – Energy, Mr. Alok; Chairperson of the Discoms, [&hellip;]
- [RailTel Secures Major Contracts Worth Over ₹220 Crore Across Education, Power, and Defense Sectors](https://angelnews.in/railtel-secures-major-contracts-worth-over-%e2%82%b9220-crore-across-education-power-and-defense-sectors/): RailTel Corporation of India Ltd has secured multiple work orders across various sectors. The Company has received a work order from the Department of Education Samagra Shiksha for the supply and service of establishing Robotics, Drone, and Atal Tinkering Labs in 160 Government Schools across Himachal Pradesh under the STARS initiative. This contract, valued at ₹15,98,40,000 (inclusive of taxes), is a domestic project and is expected to be completed by 30-Nov-2025. Additionally, RailTel has been awarded a significant contract by Maharashtra State Power Generation Company Limited for IT Network Restructuring across nine plants and three offices of MSPGCL. This project, aimed [&hellip;]
- [HCLTech and Microsoft Partner with Cricket Australia to Enhance Fan Experience with AI Insights](https://angelnews.in/hcltech-and-microsoft-partner-with-cricket-australia-to-enhance-fan-experience-with-ai-insights/): HCLTech and Microsoft have partnered with Cricket Australia (CA) to enhance the fan experience during live matches via the Cricket Australia Live app, using generative AI (GenAI). The new AI Insights feature provides real-time, text-based updates, offering fans deeper insights into key moments, player performances, and milestones beyond the scores and commentary. Launching today at the Day-Night Test at the Melbourne Cricket Ground (MCG) during the CommBank Women&#8217;s Ashes series, the AI companion is now available to all users of the Cricket Australia Live app worldwide. Sonia Eland, Executive Vice President at HCLTech, noted, &#8220;By harnessing GenAI, we can revolutionize how [&hellip;]
- [NODWIN Gaming, a Nazara Technologies Subsidiary, Acquires Starladder for INR 46.75 Crores to Expand Global Esports Portfolio](https://angelnews.in/nodwin-gaming-a-nazara-technologies-subsidiary-acquires-starladder-for-inr-46-75-crores-to-expand-global-esports-portfolio/): NODWIN Gaming,  a subsidiary of Nazara Technologies Limited, has just revealed that it’s acquired Starladder, a leading esports IP and services company. The deal is valued at an initial USD 5.5 million (around INR 46.75 crores), with the possibility of additional payments based on performance targets. As a result of this deal, Starladder will become a fully owned subsidiary of NODWIN Gaming Pte (Singapore), marking a major step in NODWIN’s global expansion, especially in terms of AAA intellectual properties and event production. The acquisition involves the purchase of 100% of StarLadder’s shares, which will be a mix of a secondary sale [&hellip;]
- [Garden Reach Shipbuilders & Engineers Signs MoU with Apollo Micro Systems for Joint Development of Advanced Weapons and Electronic Systems](https://angelnews.in/garden-reach-shipbuilders-engineers-signs-mou-with-apollo-micro-systems-for-joint-development-of-advanced-weapons-and-electronic-systems/): Garden Reach Shipbuilders &amp; Engineers Ltd. (GRSE) has entered into a Memorandum of Understanding (MoU) with Apollo Micro Systems Limited (AMS) to form a strategic collaboration for the joint development and supply of advanced weapons and electronic systems. The MoU was signed on Wednesday, January 29, 2025, by Cdr. Shantanu Bose, IN (Retd.), Director (Shipbuilding), GRSE, and Shri Karunakar Reddy Baddam, Managing Director, AMS, in the presence of Cmde. PR Hari, IN (Retd.), Chairman &amp; Managing Director, GRSE; DIG Subrato Ghosh, ICG (Retd.), Director (Personnel), GRSE; and other senior officials from GRSE and AMS. This collaboration aims to focus on joint [&hellip;]
- [Archean Chemical’s SiCSem Pvt. Ltd. Poised to Boost Odisha’s Industrial Future with ₹3000 Cr Semiconductor Plant](https://angelnews.in/archean-chemicals-sicsem-pvt-ltd-poised-to-boost-odishas-industrial-future-with-%e2%82%b93000-cr-semiconductor-plant/): Archean Chemical Industries Limited&#8217;s stepdown subsidiary, SiCSem Pvt. Ltd., reached a significant milestone in semiconductor manufacturing with its groundbreaking ceremony yesterday. The Hon’ble Chief Minister of Odisha, Shri Mohan Charan Majhi, conducted the ceremony virtually during the Utkarsh Odisha conclave. The event was attended by Shri Ashwini Vaishnaw (Honourable Union Minister of Railways, Information and Broadcasting, and Electronics &amp; Information Technology) and Dr. Mukesh Mahaling (Honourable Minister of Health &amp; Family Welfare, Parliamentary Affairs, and Electronics &amp; IT). SiCSem Pvt. Ltd.&#8217;s proposed Compound Semiconductor Facility is expected to involve an investment of up to ₹3000 Cr, which will significantly contribute to [&hellip;]
- [ACME Solar Achieves Strong Growth in Q3 FY25 with 152% YoY PAT Surge and Expanded Capacity, Share Price Up 9.99%](https://angelnews.in/acme-solar-achieves-strong-growth-in-q3-fy25-with-152-yoy-pat-surge-and-expanded-capacity-share-price-up-9-99/): ACME Solar has reported a strong performance for Q3 FY25, with notable growth across key financial metrics. Total revenue reached INR 401 Cr, up 9.9% YoY and 35.8% QoQ, while EBITDA increased by 15.7% YoY and 40.1% QoQ, standing at INR 359 Cr with an EBITDA margin of 89.6%. PAT surged by 152.1% YoY and 632.5% QoQ, totaling INR 112 Cr with a PAT margin of 28%. Financial Performance Highlights (Q3 FY25) Total Revenue: INR 401 Cr, up 9.9% YoY and 35.8% QoQ EBITDA: INR 359 Cr, up 15.7% YoY and 40.1% QoQ EBITDA Margin: 89.6% PAT: INR 112 Cr, up [&hellip;]
- [VA TECH WABAG Secures INR 121 Crore O&M Contract for Industrial Wastewater Treatment Plant in Bahrain, Share Price Up 7.32%](https://angelnews.in/va-tech-wabag-secures-inr-121-crore-om-contract-for-industrial-wastewater-treatment-plant-in-bahrain-share-price-up-7-32/): VA TECH WABAG, a leading global player in water technology, continues to strengthen its presence in the Middle East and solidify its leadership in the O&amp;M sector. The company has secured an approximately USD 14 million (around INR 121 Crores) contract from BAPCO Refining B.S.C. (BAPCO) for the operation and maintenance (O&amp;M) of the Industrial Wastewater Treatment Plant (IWTP) in the Kingdom of Bahrain. The contract is for a duration of seven years. This cutting-edge IWTP processes 4,400 US gallons per minute (USGPM) of wastewater and employs advanced Membrane Bioreactor (MBR) technology, ensuring high treatment efficiency that meets stringent environmental and [&hellip;]
- [Motilal Oswal Financial Services Q3 2025 Results : Total Income Decreases 29.7% QOQ to ₹2002.5 Crores, PAT at ₹566 Crores](https://angelnews.in/motilal-oswal-financial-services-q3-2025-results-total-income-decreases-29-7-qoq-to-%e2%82%b92002-5-crores-pat-at-%e2%82%b9566-crores/): During its meeting on Tuesday, January 28, 2025, the Board of Directors of Motilal Oswal Financial Services reviewed and approved several matters, including the unaudited financial results (both consolidated and standalone) of the Company for the quarter and nine months ended December 31, 2024. Statement of Consolidated Financial Results for the quarter ended 31 December 2024 Performance of Business Segments for Q3 FY25 : Wealth Management: In Q3FY25, Wealth Management saw revenue of Rs. 570 crore, up 30% YoY, and PAT of Rs. 190 crore, up 16% YoY. Assets under advice grew 67% YoY to Rs. 3,08,329 crore. Distribution AUM grew [&hellip;]
- [Autoline Industries Secures Major Order for Automotive Components from Mahindra & Mahindra for Scorpio and XUV 3XO Models](https://angelnews.in/autoline-industries-secures-major-order-for-automotive-components-from-mahindra-mahindra-for-scorpio-and-xuv-3xo-models/): Autoline Industries Limited, a automotive component manufacturer, announces a major purchase order from Mahindra &amp; Mahindra (M&amp;M) for their flagship models, the Scorpio and XUV 3XO. The order includes four critical components, two for each model, and is expected to generate annual revenue of approximately ₹30 Crores, marking a significant milestone in Autoline’s growth journey. A key factor in this achievement is Autoline’s Industry 4.0-enabled manufacturing facility in Pune, which combines advanced automation, real-time data analytics, and smart manufacturing tools to ensure precision, quality, and efficiency at every stage of production. This cutting-edge facility not only meets the stringent demands of [&hellip;]
- [Intellect Design Arena and Coforge Partner to Accelerate Digital Transformation in Financial Sector](https://angelnews.in/intellect-design-arena-and-coforge-partner-to-accelerate-digital-transformation-in-financial-sector/): Intellect Design Arena Ltd , a leader in enterprise financial technology, has entered into a strategic partnership with Coforge, a provider of global digital services and solutions. This collaboration combines Intellect’s advanced platforms eMACH.ai, an open finance platform based on first principles, and iTurmeric, a low-code integration suite to help financial institutions modernize their systems with minimal disruption. The partnership aims to streamline operations, launch innovative products, and leverage data and generative AI to enhance customer experiences. By combining Coforge’s expertise in delivering complex techno-functional solutions with Intellect’s cutting-edge financial technology, the alliance will empower financial institutions across APAC, North America, [&hellip;]
- [ACME Solar Secures 680 MW Power Purchase Agreement with NHPC to Advance Renewable Energy Transition](https://angelnews.in/acme-solar-secures-680-mw-power-purchase-agreement-with-nhpc-to-advance-renewable-energy-transition/): ACME Solar Holdings Limited  announces the signing of a Power Purchase Agreement (PPA) with NHPC Limited for a 680 MW Firm &amp; Dispatchable Renewable Energy (FDRE) project. Awarded through NHPC’s 1400 MW FDRE tender, the project will be developed across Gujarat, Madhya Pradesh, Karnataka, and Rajasthan. It combines solar, wind, and battery storage technologies to boost efficiency and sustainability. With a guaranteed annual Capacity Utilization Factor (CUF) of 40% and a requirement to meet 90% of capacity during peak hours, the project will also help reduce greenhouse gas emissions and set a new benchmark for hybrid energy systems in India.
- [Exicom Tele-Systems and ChargeZone Partner to Deploy 500+ High-Power, Sustainable EV Charging Stations Across India](https://angelnews.in/exicom-tele-systems-and-chargezone-partner-to-deploy-500-high-power-sustainable-ev-charging-stations-across-india/): Exicom, a leading EV charging and power solutions manufacturer in India, has partnered with ChargeZone, the country’s fastest-growing e-mobility company, to deploy over 500 high-power, future-ready EV charging stations, including those powered by renewable energy. Exicom will supply ultra high-power charging solutions for ChargeZone&#8217;s hubs and public charging locations. The solutions will leverage Exicom&#8217;s advanced manufacturing capabilities and software for remote management, enhancing the reliability of high-power charging and reducing range anxiety for EV users. The partnership also focuses on creating sustainable EV stations, with Exicom’s Harmony Boost, an integrated Battery Energy Storage System (BESS), playing a key role in ensuring [&hellip;]
- [DAM CAPITAL Advisors Q3 2025 Results : Total Income Increases 64.3% QOQ to ₹103.96 Crore, Net Profit Increases 137% QOQ to ₹51.43 Crore](https://angelnews.in/dam-capital-advisors-q3-2025-results-total-income-increases-64-3-qoq-to-%e2%82%b9103-96-crore-net-profit-increases-137-qoq-to-%e2%82%b951-43-crore/): DAM Capital Advisors Limited Consolidated Financial Results for the quarter ended 31st December 2024 Key Highlights : DAM Capital completed 17 transactions, including 13 Equity Capital Markets and 4 advisory transactions, for the nine months ending 31st December 2024. Total Income reached INR 104 crores for the quarter (a 132% increase year-on-year) and INR 213.6 crores for the nine months (a 120% increase year-on-year). Revenue from the Merchant Banking segment amounted to INR 80.4 crores for the quarter (a 168% increase year-on-year) and INR 139.6 crores for the nine months (a 157% increase year-on-year). The company currently has 18 IPOs in the [&hellip;]
- [Suzlon and Torrent Power Achieve 1 GW Wind Energy Milestone with 486 MW Hybrid Order](https://angelnews.in/suzlon-and-torrent-power-achieve-1-gw-wind-energy-milestone-with-486-mw-hybrid-order/): Suzlon Group and Torrent Power Ltd. have achieved a significant milestone together, now generating 1 GW of wind energy for India with a new 486 MW hybrid order. This partnership plays a key role in helping India reach its ambitious goal of obtaining 50% of its electricity from renewable sources while also strengthening the Make in India initiative. As part of the agreement, Suzlon will supply 162 advanced S144 wind turbine generators (WTGs) equipped with Hybrid Lattice (HLT) Towers, each with a 3 MW capacity, to be installed in the Bhogat region of Gujarat. Girish Tanti, Vice Chairman of Suzlon Group, [&hellip;]
- [ITI Limited Secures ₹167 Crore Contract from Maharashtra Government for Aaple Sarkar Seva Kendra Project](https://angelnews.in/iti-limited-secures-%e2%82%b9167-crore-contract-from-maharashtra-government-for-aaple-sarkar-seva-kendra-project/): ITI Limited has secured a major contract from the Rural Development Department of the Government of Maharashtra. This contract involves setting up, operationalizing, rolling out, and monitoring the implementation of Aaple Sarkar Seva Kendra (ASSK) in the Gram Panchayats (ASSK-GP) across the Chatrapathi Sambhaji Nagar, Nagpur, and Amaravati Regions of Maharashtra. The agreement also includes the maintenance of systems for one year. The project is valued at approximately Rs. 167 Crores, covering the deployment of technical personnel at ASSK-GP and associated project management expenses. Commenting on this new contract, Mr. Rajesh Rai, Chairman and Managing Director of ITI Limited, stated, “We [&hellip;]
- [Time Technoplast Expands Operations in the Middle East with New Production Facility in Saudi Arabia](https://angelnews.in/time-technoplast-expands-operations-in-the-middle-east-with-new-production-facility-in-saudi-arabia/): Time Technoplast has announced the opening of a new production facility in the MODON Industrial Area, Saudi Arabia. The plant, set to begin operations in Q2 2025, will manufacture 1,000-liter Intermediate Bulk Containers (IBCs) and plastic drums using advanced automation technology. This expansion comes in response to the growing demand for industrial packaging in Saudi Arabia, as well as nearby markets in Kuwait and Qatar. By establishing a local production base through its subsidiary Gulf Powerbeat, KSA, Time Technoplast aims to enhance customer satisfaction and improve service responsiveness. With over 18 years of experience in the Middle East and manufacturing facilities [&hellip;]
- [Hyundai Motor India Achieves 92% Localization, Saves Over USD 672 Million, and Launches 75,000-Unit Battery-Pack Assembly Plant](https://angelnews.in/hyundai-motor-india-achieves-92-localization-saves-over-usd-672-million-and-launches-75000-unit-battery-pack-assembly-plant/): Hyundai Motor India Limited (HMIL) has made significant strides in its commitment to the &#8216;Make-in-India&#8217; initiative, achieving up to 92% localization in manufacturing through a dedicated indigenization roadmap. HMIL&#8217;s Localization Team works closely with over 194 vendors to source more than 1,238 parts, resulting in forex savings of over USD 672 million (INR 5,678 Crore+) since 2019. A key milestone in these efforts is the local assembly of battery packs at a state-of-the-art facility in Chennai, Tamil Nadu, which has a Phase 1 annual capacity of 75,000 units. The Hyundai CRETA Electric is the first model to be equipped with locally [&hellip;]
- [DEE Development Engineers Launches ₹250 Crore Manufacturing Facility in Gujarat, Expanding Capacity to 12,000 MT and Aiming for 3x Revenue Growth](https://angelnews.in/dee-development-engineers-launches-%e2%82%b9250-crore-manufacturing-facility-in-gujarat-expanding-capacity-to-12000-mt-and-aiming-for-3x-revenue-growth/): DEE Development Engineers Limited, a provider of process piping solutions, has announced the partial commissioning of its ₹250 crore advanced manufacturing facility in Anjar, Gujarat. The second phase of the facility increases its annual capacity by 9,000 MT, bringing the total operational capacity to 12,000 MT. This plant, which primarily serves the oil and gas piping sector, is part of the company’s broader strategy to triple its revenue within the next three to five years. The facility integrates cutting-edge automation and semi-automation technologies, optimizing production efficiency and precision while adhering to lean manufacturing principles to reduce material handling and boost overall [&hellip;]
- [DEV Information Technology Secures ₹1.23 Crore Project with Gujarat Metro Rail Corporation for IT Infrastructure Upgrade](https://angelnews.in/dev-information-technology-secures-%e2%82%b91-23-crore-project-with-gujarat-metro-rail-corporation-for-it-infrastructure-upgrade/): DEV Information Technology Limited (NSE – DEVIT, BSE &#8211; 543462), a provider of Cloud Services, Digital Transformation, and IT solutions, has secured a ₹1.23 Crore project from the Gujarat Metro Rail Corporation (GMRC). The project, running from January 24, 2025, to January 23, 2028, involves migrating GMRC’s Active Directory from Windows Server 2008 R2 to Windows Server 2019/2024 and transitioning Exchange Server 2013 to Microsoft 365 Business Basic &amp; Standard. DEV IT’s approach included showcasing the benefits of M365, conducting a technical assessment with GMRC’s teams, and offering expert guidance on the migration process. Additionally, the company prepared a detailed Scope [&hellip;]
- [TCS Launches New Delivery Centre in France to Accelerate AI-Driven Transformation in the Aerospace and Defence Sectors](https://angelnews.in/tcs-launches-new-delivery-centre-in-france-to-accelerate-ai-driven-transformation-in-the-aerospace-and-defence-sectors/): Tata Consultancy Services (TCS) has inaugurated a new delivery center in Toulouse, France, focused on driving AI-powered transformation in the aerospace, defense, and manufacturing sectors. The advanced facility will utilize technologies such as artificial intelligence (AI), generative AI, machine learning, and data analytics to enhance aircraft design, manufacturing, and maintenance processes. Key goals include improving fuel efficiency, developing advanced materials for lighter aircraft, and implementing predictive maintenance to minimize downtime and improve safety. Located near Toulouse Airport, the center is strategically positioned to serve aerospace industry clients in Europe. It marks TCS’ fourth delivery center in France, following locations in Lille, [&hellip;]
- [Cyient Expands Strategic Partnership with Deutsche Aircraft to Support D328eco Development](https://angelnews.in/cyient-expands-strategic-partnership-with-deutsche-aircraft-to-support-d328eco-development/): Cyient, a global leader in Intelligent Engineering services, has expanded its partnership with Deutsche Aircraft, a German regional aircraft manufacturer. Cyient has secured a multi-year contract to manage advanced technical documentation for the D328eco, a 40-seater regional turboprop. The solution will provide a modular, scalable architecture, faster time-to-market, and global access, leveraging Cyient’s AI products. This partnership strengthens Cyient’s position in the Indian and European aerospace markets and supports Deutsche Aircraft’s “Make in India” initiative. “We’re excited to deepen our collaboration with Deutsche Aircraft and contribute to the D328eco’s development,” said Krishna Bodanapu, Cyient’s Executive Vice Chairman and Managing Director. “This [&hellip;]
- [Bharat Mobility Global Expo 2025 : SML Isuzu Unveils Latest Green and Smart Mobility Solutions](https://angelnews.in/bharat-mobility-global-expo-2025-sml-isuzu-unveils-latest-green-and-smart-mobility-solutions/): At the Bharat Mobility Global Expo 2025, SML Isuzu is presenting five of its latest products, which represent the greenest, smartest, and most advanced suite of logistics and mass mobility solutions. Among the five products, four are in the passenger segment, and one is in the cargo segment. The highlight of the showcase is the long-awaited all-new electric bus on the Hiroi Platform, the Hiroi.ev. This bus marks SML Isuzu’s first step toward Green Mobility Solutions. The Hiroi.ev features a driver-controlled front overhang door and an additional passenger door. It is designed to make intra- and inter-city transportation smarter, safer, and [&hellip;]
- [Surana Telecom Awarded 54 MW Solar Power Project Worth INR 190 Crores Under Maharashtra’s Mukhyamantri Saur Krushi Vahini Yojana 2.0](https://angelnews.in/surana-telecom-awarded-54-mw-solar-power-project-worth-inr-190-crores-under-maharashtras-mukhyamantri-saur-krushi-vahini-yojana-2-0/): Surana Telecom and Power Limited has been awarded a Letter of Award (LOA) for the development of solar photovoltaic power generating stations with a total capacity of 54 MW (AC) under the Mukhyamantri Saur Krushi Vahini Yojana 2.0. This initiative, part of the PM-KUSUM Scheme, aims to implement feeder-level solarization and is being facilitated by the Maharashtra State Electricity Distribution Co. Ltd (MSEDCL), a government undertaking. The project, located in Maharashtra, includes a tariff of INR 3.09 per kWh, along with a subsidy of INR 1.05 crore per MW. The project must be commissioned within 18 months from the LOA, with [&hellip;]
- [Qualcomm and MapmyIndia Collaborate to Drive Automotive Connectivity in India, Stock Trading at ₹1649.95 Per Share](https://angelnews.in/qualcomm-and-mapmyindia-collaborate-to-drive-automotive-connectivity-in-india-stock-trading-at-%e2%82%b91649-95-per-share/): Qualcomm Technologies and MapmyIndia have announced a strategic collaboration to advance automotive connectivity solutions for the Indian market. By combining Qualcomm’s Snapdragon Digital Chassis and MapmyIndia’s expertise in digital maps, the partnership aims to provide affordable, high-quality connectivity and telematics services for both four-wheelers (4W) and two-wheelers (2W), enhancing road safety and driving convenience. MapmyIndia will utilize Qualcomm’s Snapdragon Auto Connectivity Platform to create tailored telematics solutions for Indian automakers, enabling them to offer advanced features in mid-tier and budget vehicles. Additionally, the companies will integrate Snapdragon Car-to-Cloud Services with MapmyIndia’s MAPPLS to develop a unified platform for device management, data, [&hellip;]
- [EMS Limited Receives Letter of Award for Multimodal Logistics Park Development in Nagpur Worth Rs. 105.08 Crores](https://angelnews.in/ems-limited-receives-letter-of-award-for-multimodal-logistics-park-development-in-nagpur-worth-rs-105-08-crores/): EMS Limited has received the Letter of Award from Deltabulk Shipping India Pvt Ltd for the Development, Operation, and Maintenance of the Multimodal Logistics Park (MMLP) at Nagpur, Sindi, in Wardha District, Maharashtra. This project is part of the PM Gati Shakti National Master Plan for Multi-modal Connectivity, which focuses on integrated planning and coordinated implementation of infrastructure connectivity projects. As part of this initiative, NHAI has entered into an agreement with M/s. DC Multi Modal Park (Nagpur) Limited, a Special Purpose Vehicle (SPV) of Deltabulk Shipping India Pvt Ltd. The contract is based on a Public-Private Partnership (PPP) model, under [&hellip;]
- [Delhivery Launches Rapid Commerce: 2-Hour Delivery Service for Brands, Share Price Up 2.57%](https://angelnews.in/delhivery-launches-rapid-commerce-2-hour-delivery-service-for-brands-share-price-up-2-57/): Delhivery, India’s logistics provider, has launched Rapid Commerce, a 2-hour delivery service aimed at meeting the growing demand for fast deliveries. Initially available in Bengaluru, the service is already processing over 300 orders daily. The service allows D2C brands, retailers, and e-commerce businesses to offer quicker deliveries, enhancing customer satisfaction. Ajith Pai, Delhivery’s COO, emphasized that Rapid Commerce helps brands improve customer loyalty by providing faster access to a wide range of products. Delhivery plans to expand Rapid Stores to cities like Hyderabad, Chennai, NCR, Mumbai, Pune, and Ahmedabad in the coming months, serving industries such as beauty, fashion, and electronics. [&hellip;]
- [Refex Green Mobility Forms Strategic Partnership with Gensol Engineering for Acquisition of 2,997 Electric Vehicles](https://angelnews.in/refex-green-mobility-forms-strategic-partnership-with-gensol-engineering-for-acquisition-of-2997-electric-vehicles/): Gensol Engineering Limited and Refex Green Mobility Limited have entered into a strategic partnership for the transfer of 2,997 electric four-wheelers (e4Ws), marking a major step toward advancing sustainable mobility in India. As part of the agreement, Refex eVeelz will assume Gensol’s existing INR 315 Crore loan, streamlining operations and expanding the deployment of e4Ws in key cities like Chennai, Bengaluru, Hyderabad, Mumbai, and Pune. The vehicles will be leased to Blu-Smart Mobility Limited, supporting continued growth in Delhi NCR and Bengaluru’s electric mobility sectors. The transaction is subject to necessary approvals from regulatory and financial authorities. Mr. Anil Jain, Managing [&hellip;]
- [Minda Corporation Forms Strategic Partnership with Flash Electronics to Accelerate India’s EV Growth](https://angelnews.in/minda-corporation-forms-strategic-partnership-with-flash-electronics-to-accelerate-indias-ev-growth/): Minda Corporation Limited, part of the Spark Minda Group, has formed a strategic partnership with Flash Electronics to create one of India&#8217;s fastest-growing EV platforms. Minda Corp specializes in automotive body electronics, while Flash focuses on engine and powertrain electronics, combining their strengths to expand their product portfolios. Flash, a leader in EV powertrain solutions, will soon launch products for passenger cars and commercial vehicles. Minda Corp has developed EV-related products like battery chargers, DC-DC converters, and power electronics. This collaboration aligns with Minda&#8217;s strategy to become a complete systems solution provider in the growing automotive market. Flash is expected to [&hellip;]
- [Angel One Q3 2025 Results : Total Income Decreases 16.6% QOQ to ₹1263.7 Crores, Net Profit Decreases 33.5% QOQ to ₹281.4 Crore](https://angelnews.in/angel-one-q3-2025-results-total-income-decreases-16-6-qoq-to-%e2%82%b91263-7-crores-net-profit-decreases-33-5-qoq-to-%e2%82%b9281-4-crore/): The Board of Directors of Angel One, in its meeting held on January 13, 2025, approved the unaudited standalone and consolidated financial results of the company, along with the Limited Review Report by the auditors, for the quarter and nine months ended December 31, 2024. The Board has declared the first interim dividend for the financial year 2024-25 at a rate of Rs. 11.00 per share on equity shares with a face value of Rs. 10 per share, as of the record date. Statement of the unaudited consolidated financial results for the quarter ended 31 December 2024 Angel One Q3 FY25 [&hellip;]
- [TACC Limited and Ceylon Graphene Technologies Sign MOU to Form Strategic Alliance for Advancing Graphene Technology](https://angelnews.in/tacc-limited-and-ceylon-graphene-technologies-sign-mou-to-form-strategic-alliance-for-advancing-graphene-technology/): TACC Limited, a wholly owned subsidiary of HEG Limited, has signed a Non-Binding Memorandum of Understanding (MoU) with Ceylon Graphene Technologies (CGT) to advance graphene technology and explore its vast potential across various applications. TACC, part of the LNJ Bhilwara Group, specializes in synthetic graphite and is committed to green technologies, while CGT, a subsidiary of LOLC Group, is a global leader in graphene production, leveraging Sri Lanka’s high-purity vein graphite. The MoU aims to combine the strengths of both companies in developing high-quality graphene materials. A key part of this collaboration is the establishment of a state-of-the-art graphene manufacturing facility [&hellip;]
- [NLC India Renewables and Assam Power Distribution Company Form Joint Venture for 1000 MW Solar Projects in Assam](https://angelnews.in/nlc-india-renewables-and-assam-power-distribution-company-form-joint-venture-for-1000-mw-solar-projects-in-assam/): A Joint Venture Agreement was signed between NLC India Renewables Limited (NIRL), a subsidiary of NLC India Limited, and Assam Power Distribution Company Limited (APDCL) to strengthen energy security in Assam. The ceremony, held in Guwahati, marked a shared commitment to sustainable energy solutions. The agreement outlines the creation of a Joint Venture Company (JVC) that will develop 1000 MW of renewable energy projects in Assam. NIRL will hold a 51% stake, while APDCL will hold 49%. NIRL will bring expertise in renewable energy development, and APDCL will handle land acquisition and infrastructure. Power Purchase Agreements will secure the sale of [&hellip;]
- [Valiant Communications Secures Record INR 4,135 Lacs Order from Tejas Networks for Gujarat Energy Transmission Corporation Project](https://angelnews.in/valiant-communications-secures-record-inr-4135-lacs-order-from-tejas-networks-for-gujarat-energy-transmission-corporation-project/): Valiant Communications [BSE: 526775] has announced the receipt of its largest-ever order in company history for the supply and commissioning of Communication, Protection, and Synchronization equipment from Tejas Networks Limited [NSE: TEJASNET], a Tata Group company. The total value of the purchase order is INR 4,135 Lacs, with the Gujarat Energy Transmission Corporation (GETCO) serving as the end-user for the project. Mr. Inder Mohan Sood, CEO of Valiant, commented on the development, stating, “Valiant is proud to partner with Tejas Networks on these opportunities to supply its Communication, Protection, and Synchronization equipment, which are manufactured and supplied under the ‘Make in [&hellip;]
- [IREDA Q3 2025 Results : Revenue Increases 35.57% YOY to ₹1,698.99 Crore, PAT Increases  26.77% YOY to ₹425.37 Crore](https://angelnews.in/ireda-q3-2025-results-revenue-increases-35-57-yoy-to-%e2%82%b91698-99-crore-pat-increases-26-77-yoy-to-%e2%82%b9425-37-crore/): The Board of Directors of IREDA approved the Financial Results for Q3 FY 2024-25. IREDA Q3 2025 Results : Statement of Audited Financial Results for the quarter ended 31.12.2024 Key Highlights of Q3 FY 2024-25: Loan Book: ₹68,959.61 crore, showing a 36.34% increase compared to ₹50,579.67 crore in Q3 FY 2023-24. Loan Disbursements: ₹7,448.96 crore, up 25.27% from ₹5,946.45 crore in the same period last year. Net Worth: ₹9,842.07 crore, registering a 20.99% growth from ₹8,134.56 crore in Q3 FY 2023-24. Revenue from Operations: ₹1,698.99 crore, a 35.57% increase from ₹1,253.20 crore in Q3 FY 2023-24. Profit After Tax (PAT): ₹425.37 crore, [&hellip;]
- [Trishakti Industries Ltd. Secures Largest-Ever Order from KEC International Ltd.](https://angelnews.in/trishakti-industries-ltd-secures-largest-ever-order-from-kec-international-ltd/): Trishakti Industries Ltd. announces the receipt of its largest-ever order from KEC International Ltd. Under this contract, the company will deploy heavy machinery worth INR 90 million to support Tata Steel&#8217;s plant operations. As part of the project, Trishakti Industries Ltd. has acquired India’s largest Manlifter. This order reflects the company’s ability to provide high-capacity equipment for large-scale projects and solidifies its position in the infrastructure sector. The company expects this contract to have a positive impact on its financial performance in the upcoming quarters.
- [Wipro to Acquire HARMAN’s Digital Transformation Solutions Business for ₹3,274 Crore](https://angelnews.in/wipro-to-acquire-harmans-digital-transformation-solutions-business-for-%e2%82%b93274-crore/): Quick Summary : Wipro Limited announced it will acquire HARMAN’s Digital Transformation Solutions (DTS) business unit for USD 375 million (approx. ₹3,274 crore). DTS, a global provider of ER&amp;D and IT services with 5,600 employees across 14 countries, reported revenues of around ₹2,700 crore annually over the past three years. The deal, expected to close by December 31, 2025, will expand Wipro’s AI-powered engineering and digital solutions portfolio and includes a multi-year strategic partnership with HARMAN and Samsung. Full Article: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a global technology services and consulting company, announced that it has signed a definitive [&hellip;]
- [Basilic Fly Studio Secures ₹29.71 Crore Order from Netflix](https://angelnews.in/basilic-fly-studio-secures-%e2%82%b929-71-crore-order-from-netflix/): Quick Summary: Basilic Fly Studio Limited (BFS) has secured a ₹29.71 crore (GBP 2.5 million) order from Netflix for high-complexity VFX work on an upcoming project. The win adds to BFS’s recent ₹150 crore order momentum in Q1 FY26 from clients such as Netflix, Disney, and HBO. The project will be executed across its global network of 800+ artists, with hubs in India, the UK, France, and Canada. Full Article: Basilic Fly Studio Limited (BFS), a visual effects (VFX) company, has announced that it secured an order worth ₹29.71 crore (GBP 2.5 million) from Netflix. The deal adds to BFS’s recent [&hellip;]
- [SaaS &amp; Gift Card Segments Power Zaggle’s Q1 FY26 – Revenue Crosses ₹330 Cr, Cash PAT Up 58% YoY to ₹34.7 Cr](https://angelnews.in/saas-gift-card-segments-power-zaggles-q1-fy26-revenue-crosses-%e2%82%b9330-cr-cash-pat-up-58-yoy-to-%e2%82%b934-7-cr/): Zaggle Prepaid Ocean Services Limited, a SaaS-based fintech player in spend management solutions, reported financial results for the quarter ended June 30, 2025 , marking significant year-on-year growth. 1. Consolidated Financial Highlights Revenue from Operations: ₹331.97 crore Up 31.4% YoY (₹252.21 crore in Q1 FY25) Down 19.4% QoQ (₹412.11 crore in Q4 FY25) Total Income: ₹343.67 crore Up 33.9% YoY (₹256.72 crore) Down 19.1% QoQ (₹424.82 crore) Reported EBITDA: ₹30.90 crore Margin at 9.3%, improved from 8.9% YoY but lower than 10.0% QoQ Up 37.7% YoY, down 25.1% QoQ Adjusted EBITDA: ₹32.72 crore Margin at 9.9%, versus 10.1% YoY Up 27.9% [&hellip;]
- [NSDL Q1 FY26 Results: PAT Rises to ₹82.6 Crore, Demat Accounts Surge Past 4 Crore Milestone](https://angelnews.in/nsdl-q1-fy26-results-pat-rises-to-%e2%82%b982-6-crore-demat-accounts-surge-past-4-crore-milestone/): National Securities Depository Limited (NSDL) has announced robust financial results for the quarter ended June 30, 2025, delivering a 24.01% year-on-year (YoY) growth in standalone net profit, supported by strong revenue expansion and market share gains. Financial Performance Overview Standalone Results Total Income stood at ₹190.4 crore in Q1 FY26, up 21.68% YoY from ₹156.5 crore in Q1 FY25. However, it showed a marginal 0.76% decline QoQ compared to ₹191.9 crore in Q4 FY25. Net Profit After Tax (PAT) came in at ₹82.6 crore, marking a 9.04% QoQ growth over ₹75.8 crore in Q4 FY25 and a 24.01% YoY rise from [&hellip;]
- [అమరావతిలో భారతదేశపు మొదటి క్వాంటం వ్యాలీని అభివృద్ధి చేసేందుకు ఆంధ్రప్రదేశ్ ప్రభుత్వంతో LTIMindtree భాగస్వామ్యం](https://angelnews.in/ltimindtree-partners-with-andhra-pradesh-government-to-develop-indias-first-quantum-valley-in-amravati/): ప్రపంచ స్థాయి టెక్నాలజీ కన్సల్టింగ్ మరియు డిజిటల్ సొల్యూషన్స్ కంపెనీ LTIMindtree, దాని పేరెంట్ సంస్థ లార్సన్ &amp; టూబ్రో (L&amp;T), ఆంధ్రప్రదేశ్ ప్రభుత్వం, IBM మరియు ఇతర పరిశ్రమ భాగస్వాములతో కలిసి అమరావతి క్వాంటం వ్యాలీ నిర్మాణానికి చేతులు కలిపాయి. ఇది భారతదేశపు మొదటి క్వాంటం టెక్నాలజీ హబ్‌గా రూపుదిద్దుకోనుంది. LTIMindtree క్వాంటం సెంటర్ ఆఫ్ ఎక్సలెన్స్ (CoE) ఆధునిక పరిశోధన, ఆవిష్కరణలు, మరియు క్వాంటం సైన్స్‌ను పారిశ్రామిక, సామాజిక అవసరాలకు ఉపయోగపడే విధంగా మార్చడంపై దృష్టి పెడుతుంది. L&amp;T ఈ ప్రాజెక్ట్‌కు అవసరమైన మౌలిక వసతుల డిజైన్, నిర్మాణం, నిర్వహణలో కీలక పాత్ర పోషిస్తుంది. ఈ ప్రాజెక్ట్‌లో క్వాంటం కంప్యూటింగ్ సెంటర్, ఇందులో IBM Quantum System Two ఏర్పాటు కానుంది — ఇది భారతదేశంలోనే అతిపెద్ద క్వాంటం కంప్యూటర్‌గా నిలుస్తుంది. ఈ అత్యాధునిక సాంకేతికత కోసం ప్రత్యేక నిర్మాణ అవసరాలను తీర్చడానికి L&amp;T మరియు IBM కలిసి పనిచేస్తున్నాయి. [&hellip;]
- [Jupiter Wagons Wins ₹242.41 Crore GATX India Contract for 583 Specialised Wagons](https://angelnews.in/jupiter-wagons-wins-%e2%82%b9242-41-crore-gatx-india-contract-for-583-specialised-wagons/): Quick Summary: Jupiter Wagons Ltd. has secured a ₹242.41 crore order from GATX India to manufacture and supply 583 specialised wagons, including container carriers, bi-level SUV carriers, and high-capacity open wagons. The order aims to enhance bulk commodity, automobile, and container freight transport efficiency. Managing Director Vivek Lohia said the deal strengthens ties with GATX and supports JWL’s customer diversification strategy. Full Article: Jupiter Wagons Limited (JWL), a leading provider of integrated mobility solutions across rail, road, and marine sectors, has received an order worth ₹242.41 crore from GATX India Private Limited, the country’s largest private railcar lessor, for the manufacturing and [&hellip;]
- [Garden Reach Shipbuilders Q1 FY26 Revenue at ₹1,310 Crore, Profit at ₹120 Crore](https://angelnews.in/garden-reach-shipbuilders-q1-fy26-revenue-at-%e2%82%b91310-crore-profit-at-%e2%82%b9120-crore/): Garden Reach Shipbuilders &amp; Engineers Limited (GRSE) has reported Q1 FY26 results, delivering strong growth in both revenue and profitability on a year-on-year (YoY) basis, though sequentially revenue moderated after a strong March quarter. Financial Performance (YoY) – Q1 FY26 vs Q1 FY25 Total Income rose 27.6% to ₹1,382 crore from ₹1,084 crore. Revenue from Operations grew 29.9% to ₹1,310 crore from ₹1,010 crore. EBITDA jumped 41.5% to ₹184 crore from ₹130 crore. Profit Before Tax (PBT) increased 44.6% to ₹167 crore from ₹115 crore. Profit After Tax (PAT) surged 37.8% to ₹120 crore from ₹87 crore. Earnings Per Share (EPS) [&hellip;]
- [BSE Limited Q1 FY26 Results: Net Profit Surges 104% YoY to ₹538 Crore, Approves ₹55 Crore Investment into India INX](https://angelnews.in/bse-limited-q1-fy26-results-net-profit-surges-104-yoy-to-%e2%82%b9538-crore-approves-%e2%82%b955-crore-investment-into-india-inx/): BSE Limited announced its BSE Q1 FY26 Results, posting a significant YoY growth in profitability on both standalone and consolidated bases. Quick Summary: Consolidated Net Profit: ₹538 Cr (+104% YoY) Standalone Net Profit: ₹468 Cr (+170% YoY) Revenue Growth &gt; 50% YoY India INX gets ₹55 Cr growth capital EPS nearly doubled post bonus shares Full Article: BSE Limited, India&#8217;s premier stock exchange, has posted a stellar financial performance for the first quarter of FY26. The company’s consolidated net profit more than doubled to ₹538 crore, up from ₹264 crore in the same quarter last year, backed by strong revenue growth [&hellip;]
- [Tanla Platforms Partners with Indosat to Deploy AI-Powered Anti-Spam & Scam Solution for Nearly 100 Million Users](https://angelnews.in/tanla-platforms-partners-with-indosat-to-deploy-ai-powered-anti-spam-scam-solution-for-nearly-100-million-users/): Quick Summary: Tanla Platforms has partnered with Indonesia’s Indosat Ooredoo Hutchison to deploy its AI-native anti-spam and anti-scam platform, Wisely.ai, protecting nearly 100 million users. Built on NVIDIA GPU infrastructure, the solution enables real-time fraud detection across SMS, Voice, and VoIP. The multi-year SaaS agreement marks a major milestone in Tanla’s global expansion into Southeast Asia. Full Article: Tanla Platforms Limited (NSE: TANLA; BSE: 532790), a leading Indian communications solutions provider, has announced a strategic partnership with Indosat Ooredoo Hutchison (IOH), a major telecom operator in Indonesia, to roll out its AI-native anti-spam and anti-scam platform – Wisely.ai. The multi-year, SaaS-based collaboration [&hellip;]
- [ITI Limited Partners with mLogica for AI-Based Traffic Safety Project in UP](https://angelnews.in/iti-limited-partners-with-mlogica-for-ai-based-traffic-safety-project-in-up/): Quick Summary: ITI Limited, a leading telecom PSU, is set to deploy India’s first AI-based road safety project in Uttar Pradesh, in collaboration with technology firm mLogica. The initiative aims to reduce road accidents by leveraging big data analytics and AI-powered modeling. Full Article: ITI Limited, India’s first public sector telecom company post-independence, has announced the launch of the country’s first Artificial Intelligence (AI)-powered road safety pilot project in Uttar Pradesh. This initiative, undertaken in partnership with technology firm mLogica, aims to enhance road safety and reduce traffic-related fatalities by leveraging AI and Big Data Analytics. The pilot project will create a [&hellip;]
- [Aurionpro Solutions Accelerates Global Expansion with Strategic Acquisition of InfraRisk in Australia](https://angelnews.in/aurionpro-solutions-accelerates-global-expansion-with-strategic-acquisition-of-infrarisk-in-australia/): Quick Summary:  Aurionpro Solutions has acquired Melbourne-based InfraRisk to expand its presence in Australia and Europe. InfraRisk brings over 15 years of expertise in digital lending, private credit, and business financing. The acquisition will enhance Aurionpro’s Integro lending suite and integrate advanced AI solutions from Arya.ai. This move strengthens Aurionpro’s global lending portfolio and supports its strategic expansion into key international markets across banking and non-banking sectors. Full Article: Aurionpro Solutions Limited (BSE: 532668 | NSE: AURIONPRO), a global provider of enterprise technology solutions for the financial services sector, has announced its acquisition of InfraRisk, a Melbourne-based software firm focused on digital [&hellip;]
- [Tata Investment Corporation Limited Reports ₹139 Cr Net Profit in Q1 FY26; Approves 1:10 Stock Split](https://angelnews.in/tata-investment-corporation-limited-reports-%e2%82%b9139-cr-net-profit-in-q1-fy26-approves-110-stock-split/): Tata Investment Corporation Limited (TICL), a Tata Group NBFC operating as an investment company, reported robust financial results for the quarter ended June 30, 2025 (Q1 FY26). The company also announced a stock split aimed at enhancing liquidity and retail investor participation. Standalone Financial Highlights (Quarter Ended June 30, 2025) Total income rose to ₹171.17 crore from ₹141.68 crore in Q1 FY25. Dividend income increased 25.7% YoY to ₹136.32 crore (vs ₹108.42 crore last year). Interest income stood at ₹7.87 crore, down from ₹12.90 crore YoY. Net gain on fair value changes was ₹23.36 crore, up from ₹19.63 crore YoY. Rental [&hellip;]
- [NIBE Limited to Produce Key Components of Elbit’s 70mm Guided Rocket in India](https://angelnews.in/nibe-limited-to-produce-key-components-of-elbits-70mm-guided-rocket-in-india/): Quick Summary: NIBE Limited has received a significant order from Israel’s Elbit Systems to manufacture parts for the 70mm Guided Advanced Tactical Rocket (GATR). This precision air-to-surface missile, compatible with helicopters like the Apache and HAL Rudra, has a 10 km range and uses laser guidance for high accuracy. It’s the first time such a system will be produced in India, marking a milestone in indigenous defense manufacturing. The deal strengthens NIBE’s position as a global defense partner and supports India’s push toward defense self-reliance. Full Article: In a strategic development for India’s defense manufacturing sector, NIBE Limited has secured a [&hellip;]
- [Tata Power Accelerates Clean Energy Transition in Q1 FY26: 270 MW Rooftop Solar Commissioned, TP Solar PAT Hits ₹100 Cr](https://angelnews.in/tata-power-accelerates-clean-energy-transition-in-q1-fy26-270-mw-rooftop-solar-commissioned-tp-solar-pat-hits-%e2%82%b9100-cr/): Quick Summary: Tata Power posted a consolidated PAT of ₹1,262 crore in Q1 FY26, up 6% YoY, supported by strong growth in renewables, rooftop solar, and manufacturing. Revenue grew 4% YoY to ₹17,464 crore, while EBITDA rose 17% YoY to ₹3,930 crore. Full Article: Tata Power, India’s largest integrated power utility, reported another strong quarter with consolidated Profit After Tax (PAT) of ₹1,262 crore, registering 6% YoY growth for the quarter ended June 30, 2025. This marks the 23rd consecutive quarter of YoY profit growth for the company. The company’s revenue stood at ₹17,464 crore, up 4% YoY, while EBITDA increased 17% [&hellip;]
- [Suzlon to Install 127 Wind Turbines for Zelestra’s 381 MW Renewable Energy Project Across Maharashtra, Madhya Pradesh, and Tamil Nadu](https://angelnews.in/suzlon-to-install-127-wind-turbines-for-zelestras-381-mw-renewable-energy-project-across-maharashtra-madhya-pradesh-and-tamil-nadu/): Quick Summary: Suzlon Energy has received a 381 MW order from Zelestra India for its first Firm and Dispatchable Renewable Energy (FDRE) project. The project spans Maharashtra, Madhya Pradesh, and Tamil Nadu, involving the supply of 127 wind turbines. Suzlon Energy Limited has announced that it will supply wind turbines for Zelestra India’s maiden FDRE project. The order includes 127 of Suzlon’s S144 wind turbine generators (WTGs), each with a rated capacity of 3 MW, totaling 381 MW. The project will be executed across three Indian states: Maharashtra: 180 MW Madhya Pradesh: 180 MW Tamil Nadu: 21 MW While the Maharashtra [&hellip;]
- [AXISCADES Secures Multiple Defence Orders Worth Over ₹680 Crore](https://angelnews.in/axiscades-secures-multiple-defence-orders-worth-over-%e2%82%b9680-crore/): Quick Summary: AXISCADES Technologies Ltd, through its subsidiary Mistral Solutions, has received multiple significant orders from Indian defence agencies, including DRDO and Bharat Electronics Ltd (BEL), totaling over ₹680 crore across various airborne, naval, and radar systems. AXISCADES Technologies Limited, a leading technology and engineering solutions company, announced that it has secured several key defence orders through its subsidiary, Mistral Solutions Pvt Ltd. These orders span radar, airborne, and naval systems, strengthening the company’s position in India’s defence technology landscape. Radar Systems for Su-30MKI Upgrade The Electronics &amp; Radar Development Establishment (LRDE), part of DRDO, has awarded Mistral a development contract [&hellip;]
- [ఐవెకో గ్రూప్‌(Iveco Group)ను కొనుగోలు చేయడానికి టాటా మోటర్స్ భారీ ఒప్పందం – ₹33,800 కోట్ల విలువైన టెండర్ ఆఫర్](https://angelnews.in/tata-motors-launches-e3-75-billion-tender-offer-to-acquire-iveco-group/): టాటా మోటర్స్ తన సింగపూర్‌కు చెందిన అనుబంధ సంస్థ TML CV హోల్డింగ్స్ Pte. Ltd. ద్వారా నెదర్లాండ్‌కు చెందిన ప్రముఖ వాణిజ్య వాహన తయారీ సంస్థ ఐవెకో గ్రూప్ N.V. ను పూర్తిగా కొనుగోలు చేయడానికి ముందుకొచ్చింది. ఈ ఒప్పందం మొత్తం విలువ సుమారు €3.75 బిలియన్, అంటే దాదాపు ₹33,800 కోట్లు. ఇది పూర్తిగా నగదు ఆధారిత టెండర్ ఆఫర్. ఒక్కో షేరుకు €14.10 చొప్పున టాటా మోటర్స్ ఈ టెండర్ ఆఫర్‌ను ప్రకటించింది. ఇది గత మూడు నెలల సగటు మార్కెట్ ధర కంటే 22% నుంచి 25% వరకు అధికంగా ఉంది. అయితే, ఈ ఆఫర్‌లో ఐవెకో యొక్క డిఫెన్స్ వ్యాపారం భాగంగా ఉండదు. ఈ విభాగాన్ని ఒప్పందం పూర్తి కావడానికి ముందు 2026 ఏప్రిల్ 1లోగా విక్రయించాలి లేదా విడదీయాలి. డిఫెన్స్ డివిజన్ అమ్మకాల ద్వారా షేర్‌హోల్డర్లకు €5.5 నుంచి €6.0 మధ్య డివిడెండ్ వచ్చే [&hellip;]
- [Solar Surge: Waaree Energies Posts Record Q1 2026 Results with ₹772 Cr Profit and 2.3 GW Module Output](https://angelnews.in/solar-surge-waaree-energies-posts-record-q1-2026-results-with-%e2%82%b9772-cr-profit-and-2-3-gw-module-output/): Quick Summary: Waaree Energies Ltd reported consolidated revenue of ₹4,597.18 crore in Q1 FY26, a growth of 31.48% YoY. The company’s PAT surged 92.68% to ₹772.89 crore, and EBITDA grew 82.61% YoY to ₹1,168.67 crore. The quarter also marked the highest-ever module production of 2.3 GW. Capex of ₹2,754 crore has been announced for new solar manufacturing capacity expansion in India. Full Article: Waaree Energies Limited kicked off FY26 with a strong performance, reporting consolidated revenue of ₹4,597.18 crore and a net profit of ₹772.89 crore in Q1. Backed by its highest-ever quarterly module production of 2.3 GW and a robust order [&hellip;]
- [NIBE Signs Tech Pact with Elbit Systems for SURYA Rocket Launcher Production in India](https://angelnews.in/nibe-signs-tech-pact-with-elbit-systems-for-surya-rocket-launcher-production-in-india/): Quick Summary: NIBE Limited has entered into a technology collaboration agreement with Elbit Systems of Israel to manufacture the SURYA Universal Rocket Launcher in India. The system, with a range of up to 300 km, will be produced for both domestic and export markets. The agreement supports local defense manufacturing under the Make in India initiative. Full Article: NIBE Limited, an Indian defense equipment manufacturer, has signed a technology collaboration agreement with Israel-based Elbit Systems to facilitate the production of the Universal Rocket Launcher (SURYA) in India. Under the agreement, NIBE will manufacture and supply the SURYA system, designed to engage targets [&hellip;]
- [Phantom Digital Strengthens Global VFX Network with ₹60 Cr Tippett Studio Acquisition, ₹160 Cr China Potential](https://angelnews.in/phantom-digital-strengthens-global-vfx-network-with-%e2%82%b960-cr-tippett-studio-acquisition-%e2%82%b9160-cr-china-potential/): Quick Summary: PhantomFX has completed the acquisition of US-based Tippett Studio, a visual effects company with approximately ₹60 crore (USD 7 million) in revenue and a 22% profit margin in 2024. The acquisition is expected to drive 65–70% inorganic growth for Phantom, which has recorded a 66% CAGR over the last three years. Tippett will operate as a separate brand under Phantom, while the combined global network spans the US, India, and China. The move positions Phantom to scale operations in high-demand VFX markets, with an additional ₹160 crore ($20 million) annual revenue potential from the APAC region. Full Article: Phantom Digital [&hellip;]
- [Angel One and LivWell Announce ₹400 Cr Digital Insurance Venture, Set to Disrupt Traditional Life Insurance Models in India](https://angelnews.in/angel-one-and-livwell-announce-%e2%82%b9400-cr-digital-insurance-venture-set-to-disrupt-traditional-life-insurance-models-in-india/): Quick Summary:  Angel One Limited and Singapore-based LivWell have announced a joint venture to launch a digital-first life insurance company in India, subject to regulatory approvals. With a capital infusion of ₹400 crore, the venture aims to address the country’s significant life insurance protection gap by offering simplified, tech-driven insurance products. Angel One will hold a 26% stake, while LivWell will own 74%. The venture will focus on delivering protection-first solutions through fully digital platforms, targeting young, underinsured consumers and aligning with India’s broader goal of achieving &#8220;Insurance for All by 2047.&#8221; Full Article: Angel One Limited and Singapore-based LivWell Holding Company [&hellip;]
- [First Energy Joins Hands with Inox Wind for 51 MW Renewable Energy Project in Tamil Nadu](https://angelnews.in/first-energy-joins-hands-with-inox-wind-for-51-mw-renewable-energy-project-in-tamil-nadu/): Quick Summary: Inox Wind Limited has received a 51 MW order from First Energy Private Limited, a Thermax Group company, for a wind power project in Tamil Nadu. This marks First Energy’s first order with Inox Wind and includes the supply of 3 MW class turbines, limited EPC services, and multi-year O&amp;M support. The project will be executed through First Energy’s SPV and strengthens Inox Wind’s position in India’s commercial and industrial renewable energy space. Full Article: Inox Wind Limited (IWL), one of India’s leading wind energy solutions providers, has secured a significant 51 MW order from First Energy Private Limited (FEPL), a [&hellip;]
- [Q1 2026 Results: Zensar Technologies Posts ₹1,385 Crore Revenue, Up 7.5% YoY](https://angelnews.in/q1-2026-results-zensar-technologies-posts-%e2%82%b91385-crore-revenue-up-7-5-yoy/): Zensar Technologies Ltd., a leading digital engineering and technology solutions provider under the RPG Group, announced its Q1 FY26 financial results with consolidated revenues reaching ₹1,385 crore, marking a 7.5% year-on-year growth and 1.9% sequential increase in INR terms. Financial Highlights (Q1 FY26): Revenue: ₹1,385 crore (up 7.5% YoY and 1.9% QoQ) Gross Profit: ₹422 crore; 30.5% of revenue EBITDA: ₹211 crore; 15.2% margin Profit After Tax (PAT): ₹182 crore; 13.1% margin, 15.3% YoY growth Order Booking: ₹1,470 crore, up 11.7% YoY Cash and Investments: ₹2,636 crore No Debt on Books Manish Tandon, CEO &amp; MD, said: “This was a strong [&hellip;]
- [Tata Communications’ Largest Network Deployment to Link AWS Centres in Mumbai, Hyderabad, and Chennai](https://angelnews.in/tata-communications-largest-network-deployment-to-link-aws-centres-in-mumbai-hyderabad-and-chennai/): Quick Summary: Tata Communications and AWS are building a high-capacity AI-ready network connecting Mumbai, Hyderabad, and Chennai. The network will support faster, secure deployment of AI and cloud applications, helping businesses across sectors innovate at scale. Full Article: Tata Communications has partnered with Amazon Web Services (AWS) to develop a high-capacity, AI-optimised network across India. This collaboration aims to support the increasing demand for generative AI, machine learning (ML), and high-performance computing by providing advanced connectivity infrastructure. The new network will link AWS infrastructure in Mumbai, Hyderabad, and Chennai through a resilient long-distance backbone. It marks one of Tata Communications’ largest deployments [&hellip;]
- [Titan to Acquire Majority Stake in Damas Jewellery for AED 1,038 Million, Marking Major Expansion Across GCC Region](https://angelnews.in/titan-to-acquire-majority-stake-in-damas-jewellery-for-aed-1038-million-marking-major-expansion-across-gcc-region/): Quick Summary: Titan Company Limited will acquire a 67% stake in Damas LLC, a major jewellery retailer in the GCC region, for an enterprise value of AED 1,038 million. The deal, signed with Mannai Corporation, will expand Titan&#8217;s presence across six GCC countries. The transaction is expected to close by January 31, 2026, with an option to buy the remaining 33% stake after December 2029. Damas, with 146 stores and FY24 revenue of AED 1,461 million, aligns with Titan’s global growth strategy. Full Article: Titan Company Limited, a Tata Group enterprise, announced that it will acquire a 67% stake in Damas LLC, [&hellip;]
- [ఎల్‌అండ్‌టీ ఎనర్జీ గ్రీన్‌టెక్‌ భారతదేశంలో అతిపెద్ద గ్రీన్ హైడ్రోజన్ ప్లాంట్‌ను నిర్మించనుంది](https://angelnews.in/lt-energy-greentech-to-build-indias-largest-green-hydrogen-plant/): లార్సన్ అండ్ టూబ్రో (ఎల్‌అండ్‌టీ) యొక్క అనుబంధ సంస్థ అయిన ఎల్‌అండ్‌టీ ఎనర్జీ గ్రీన్‌టెక్ లిమిటెడ్ (LTEG) భారతదేశంలో అతిపెద్ద గ్రీన్ హైడ్రోజన్ ప్లాంట్‌ను హర్యానాలోని ఇండియన్ ఆయిల్ కార్పొరేషన్ (IOCL) పానిపట్ రిఫైనరీలో ఏర్పాటు చేయనుంది. ఈ ప్లాంట్‌ను బిల్డ్-ఓన్-ఆపరేట్ (BOO) విధానంలో నిర్మించనున్నారు. ఇది ప్రతి సంవత్సరం IOCL కు 10,000 టన్నుల గ్రీన్ హైడ్రోజన్‌ను 25 సంవత్సరాల పాటు సరఫరా చేయనుంది. ఇది భారత ప్రభుత్వం ప్రారంభించిన నేషనల్ గ్రీన్ హైడ్రోజన్ మిషన్కు తోడ్పాటుగా ఉంటుంది. ఈ ప్లాంట్ 24 గంటలూ పునరుత్పత్తి విద్యుత్ ఆధారంగా పని చేస్తుంది. హై ప్రెషర్ ఆల్కలైన్ ఎలక్ట్రోలైజర్‌లతో గ్రీన్ హైడ్రోజన్ ఉత్పత్తి చేయనున్నారు, ఇవి గుజరాత్ రాష్ట్రం హజీరాలోని ఎల్‌అండ్‌టీ యూనిట్‌లో తయారవుతాయి. దీనివల్ల IOCL రిఫైనరీ కార్యకలాపాల్లో కార్బన్ ఉద్గారాలను తగ్గించుకోవచ్చు. ఈ సందర్భంగా ఎల్‌అండ్‌టీ డిప్యూటీ మేనేజింగ్ డైరెక్టర్ మరియు ప్రెసిడెంట్ శ్రీ సుబ్రహ్మణ్యం శర్మ మాట్లాడుతూ, ‘‘దేశ [&hellip;]
- [Infosys to Modernize Telstra International’s Systems with AI-Led Approach](https://angelnews.in/infosys-to-modernize-telstra-internationals-systems-with-ai-led-approach/): Quick Summary: Infosys has expanded its collaboration with Telstra International to support the telecom company&#8217;s global digital transformation strategy. The partnership will focus on modernizing core systems using an AI-based approach, improving operational efficiency, and enhancing connectivity services. This move aligns with Telstra&#8217;s Connected Future 30 strategy and reflects a broader shift toward automation and digital integration in the telecom sector. Full Article: Infosys, a provider of digital services and consulting, has announced the expansion of its collaboration with Telstra International, the global division of Australia-based telecom company Telstra. The extended partnership is intended to support Telstra&#8217;s Connected Future 30 strategy by [&hellip;]
- [Firstsource to Acquire UK-Based Pastdue Credit Solutions in £22 Million Deal to Strengthen Debt Collection Capabilities](https://angelnews.in/firstsource-to-acquire-uk-based-pastdue-credit-solutions-in-22-million-deal-to-strengthen-debt-collection-capabilities/): Quick Summary:  Firstsource Solutions Ltd has announced the acquisition of UK-based Pastdue Credit Solutions (PDC) for £22 million (approx. ₹234 crore), subject to regulatory approvals. PDC is a debt collection agency serving major UK banks, utility, telecom, and government clients. The deal strengthens Firstsource’s presence in the UK’s growing collections market and aligns with its strategy to expand sector-specific offerings. PDC reported a turnover of £16.9 million and operating profit of £3.4 million for FY24. The acquisition will be completed through Firstsource’s UK subsidiary and involves 100% ownership. Full Article: Firstsource Solutions Limited (NSE: FSL, BSE: 532809), a global provider of domain-led [&hellip;]
- [Q1 FY26 Results: Hindustan Zinc's Profit Falls 5% YoY to ₹2,234 Cr, Maintains Strong Operational Performance](https://angelnews.in/q1-fy26-results-hindustan-zincs-profit-falls-5-yoy-to-%e2%82%b92234-cr-maintains-strong-operational-performance/): Hindustan Zinc Limited (HZL), a Vedanta Group company and the world’s largest integrated zinc producer, reported a consolidated net profit of ₹2,234 crore for the quarter ended June 30, 2025 (Q1 FY26). This marks a 5% decline year-on-year (YoY) and a sharper 26% drop quarter-on-quarter (QoQ), impacted by lower zinc and lead prices and weaker volumes. Despite the dip in profits, the company posted its highest-ever first-quarter mined metal production at 2.65 lakh tonnes, while achieving its lowest zinc production cost since transitioning to underground mining at $1,010 per tonne, down 9% YoY. Revenue and Margin Performance : HZL recorded revenue [&hellip;]
- [Tata Power Renewable Energy Secures First-Ever 120 MWh Battery Storage Agreement from NHPC for Kerala’s Power Grid Modernization](https://angelnews.in/tata-power-renewable-energy-secures-first-ever-120-mwh-battery-storage-agreement-from-nhpc-for-keralas-power-grid-modernization/): Quick Summary:  Tata Power Renewable Energy Limited (TPREL) has signed its first Battery Energy Storage Purchase Agreement (BESPA) with NHPC Limited to deploy a 120 MWh system in Kerala for the Kerala State Electricity Board. The project will support grid stability and the state&#8217;s renewable integration goals. Full Article: Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has secured its first Battery Energy Storage Purchase Agreement (BESPA) from NHPC Limited. The agreement is part of a broader initiative to enhance grid reliability and support renewable energy integration in Kerala. The contract involves developing a 30 MW [&hellip;]
- [One Point One Solutions to Acquire Singapore-Based ITNITY for $7.6 Million to Strengthen Global Digital Engagement Capabilities](https://angelnews.in/one-point-one-solutions-to-acquire-singapore-based-itnity-for-7-6-million-to-strengthen-global-digital-engagement-capabilities/): Quick Summary:  One Point One Solutions Ltd., through its Singapore-based subsidiary, has signed a term sheet to acquire ITNITY PTE. LTD., a Singapore IT firm, for $7.6 million. The proposed acquisition aims to expand OPO’s global footprint, enhance digital customer engagement services, and unlock operational synergies. The deal is subject to due diligence and final agreements. Full Article: One Point One Solutions Limited (OPO), a leading provider of Business Process Management (BPM) services, has announced a significant development in its global expansion strategy. Its wholly-owned subsidiary, One Point One Singapore Pte. Ltd., has signed a term sheet to acquire a 100% equity [&hellip;]
- [Shift in State-Level Aerospace Strategy: Andhra Pradesh Seeks New Investment as Karnataka Pauses Land Acquisition](https://angelnews.in/shift-in-state-level-aerospace-strategy-andhra-pradesh-seeks-new-investment-as-karnataka-pauses-land-acquisition/): Quick Summary:  Following the cancellation of Karnataka’s Devanahalli Aerospace Park due to prolonged land acquisition challenges, Andhra Pradesh has highlighted its readiness to host aerospace and defence investments. The state’s recently launched Aerospace and Defence Policy 4.0 outlines incentives including capital subsidies, tax reimbursements, and dedicated industrial corridors. With several companies already committing investments, Andhra Pradesh is positioning itself as a potential alternative location for industry expansion. Land acquisition concerns have also emerged in AP, raising questions about implementation and stakeholder engagement. Full Article: Karnataka’s decision to halt its Devanahalli Aerospace Park project has created a potential opening for other states to [&hellip;]
- [Affordable Cinema? Karnataka Plans ₹200 Cap on Movie Tickets](https://angelnews.in/affordable-cinema-karnataka-plans-%e2%82%b9200-cap-on-movie-tickets/): Quick Summary:  The Karnataka government has proposed a cap on movie ticket prices at ₹200 (inclusive of entertainment tax) for all language films across theatres and multiplexes in the state. Issued on July 15, 2025, the draft amendment to the Karnataka Cinemas (Regulation) Rules, 2014, is open for public feedback for 15 days. This move aims to make cinema more affordable and boost regional films, but it may impact multiplex revenue models and premium cinema experiences. Final implementation will depend on the outcome of the consultation process. Full Article: The Government of Karnataka has issued a draft notification proposing a state-wide cap [&hellip;]
- [Dodla Dairy Expands into Eastern India with ₹271 Crore Acquisition of Osam, Adding 25,000+ Farmers and 1.8 LLPD Capacity](https://angelnews.in/dodla-dairy-expands-into-eastern-india-with-%e2%82%b9271-crore-acquisition-of-osam-adding-25000-farmers-and-1-8-llpd-capacity/): Quick Summary: Dodla Dairy Ltd. has approved the acquisition of HR Food Processing Pvt. Ltd. (Osam) for ₹271 crore in an all-cash deal. Osam, a dairy brand with a strong presence in Bihar and Jharkhand, will become a wholly owned subsidiary of Dodla Dairy. The acquisition includes a vertically integrated supply chain with 25,000+ farmers and two processing plants. In FY25, Osam reported revenue of ₹282.6 crore. This move strengthens Dodla&#8217;s presence in Eastern India and supports its goal of becoming a pan-India dairy company. Full Article: Dodla Dairy Ltd., a leading integrated dairy company in India, has announced the approval of [&hellip;]
- [Tata Elxsi Signs MoU with Synopsys to Deliver Integrated Virtual ECU Solutions for Next-Generation Vehicle Software Platforms](https://angelnews.in/tata-elxsi-signs-mou-with-synopsys-to-deliver-integrated-virtual-ecu-solutions-for-next-generation-vehicle-software-platforms/): Quick Summary: Tata Elxsi and Synopsys have partnered to develop advanced virtual ECU (vECU) solutions to support the growing shift toward software-defined vehicles. The collaboration aims to simplify software development and testing, reduce costs, and shorten production timelines. By combining Tata Elxsi’s engineering expertise with Synopsys’ virtualization technology, the partnership will help automotive companies validate software earlier and rely less on physical prototypes. Full Article: Tata Elxsi, a global design and technology company, has signed a Memorandum of Understanding (MoU) with Synopsys, a leader in chip-to-system design tools. The agreement, announced at the SNUG India 2025 event in Bengaluru, focuses on developing [&hellip;]
- [MCX to Launch India’s First Electricity Futures Contract on July 10 Following SEBI Approval](https://angelnews.in/mcx-to-launch-indias-first-electricity-futures-contract-on-july-10-following-sebi-approval/): Quick Summary:  MCX will launch its Electricity Futures Contract on July 10, 2025, following SEBI’s approval. The contract aims to provide a reliable hedging tool for power sector participants amid rising electricity demand and price volatility. It will be traded in units of 50 MWh, settled in cash based on IEX’s Day Ahead Market prices, and available for all 12 months, with trading open for the current and next three months. The initiative supports structured electricity price risk management and marks a significant step in deepening India’s energy derivatives market. Full Article: The Multi Commodity Exchange of India Ltd. (MCX), India’s premier [&hellip;]
- [Adani Power Expands Operational Capacity to 18,150 MW with Acquisition of Coal-Fired Vidarbha Industries Power Plant in Maharashtra](https://angelnews.in/adani-power-expands-operational-capacity-to-18150-mw-with-acquisition-of-coal-fired-vidarbha-industries-power-plant-in-maharashtra/): Quick Summary: Adani Power Ltd. has completed the ₹4,000 crore acquisition of Vidarbha Industries Power Ltd. (VIPL), a 600 MW coal-based plant in Nagpur, Maharashtra. Approved by the NCLT Mumbai Bench on June 18, 2025, the acquisition boosts Adani Power’s operational capacity to 18,150 MW. The company is targeting a total capacity of 30,670 MW by FY 2029–30 through ongoing brownfield and greenfield projects across India. Full Article: Adani Power Ltd. (APL), India’s largest private thermal power producer, has successfully completed the acquisition of Vidarbha Industries Power Ltd. (VIPL) for a total consideration of ₹4,000 crore. VIPL is a 2×300 MW coal-based [&hellip;]
- [Eureka Forbes Partners with Dixon Technologies to Manufacture Robotic Vacuum Cleaners in India](https://angelnews.in/eureka-forbes-partners-with-dixon-technologies-to-manufacture-robotic-vacuum-cleaners-in-india/): Quick Summary: Eureka Forbes has partnered with Dixon Technologies to locally manufacture robotic vacuum cleaners as part of its effort to expand in the home cleaning segment. Under the agreement, Dixon will assemble and supply these products using its ISO-certified facilities. The collaboration supports Eureka Forbes’ ‘Make in India’ focus and aims to enhance its presence in the robotic vacuum market. Full Article: Eureka Forbes Limited has entered into a manufacturing partnership with Dixon Technologies (India) Limited (DTIL) to expand its robotic vacuum cleaner portfolio. As part of this agreement, Dixon will handle the assembly and supply of robotic vacuum cleaners [&hellip;]
- [eMudhra Acquires 51% Stake in Cryptas International to Expand European Presence](https://angelnews.in/emudhra-acquires-51-stake-in-cryptas-international-to-expand-european-presence/): In a strategic move to deepen its footprint in the European digital trust and cybersecurity market, eMudhra Limited has announced the acquisition of a 51% controlling stake in Cryptas International GmbH, a Vienna-based provider of encryption and trust services. The acquisition was formalized on June 27, 2025, through eMudhra B.V., a wholly owned subsidiary of eMudhra Limited. Strategic Expansion into Europe Cryptas International operates across Austria, Germany, and Sweden through its subsidiaries: PrimeSign GmbH, a Qualified Trust Service Provider (QTSP) in Europe. Cryptas IT Security GmbH, Austria. Cryptas Deutschland GmbH, Germany. Cryptas Nordics AB, Sweden. In addition, Cryptas holds a 49% [&hellip;]
- [MapmyIndia Integrates DIGIPIN in Mappls App for Nationwide Digital Addressing](https://angelnews.in/mapmyindia-integrates-digipin-in-mappls-app-for-nationwide-digital-addressing/): Quick Summary:  MapmyIndia’s Mappls App now supports India Post’s DIGIPIN system, allowing users to generate precise 10-character digital addresses for any location in India. This improves navigation, delivery, and service access across the country. Full Article: MapmyIndia Mappls has integrated its Mappls App with India Post’s DIGIPIN system, introducing a digital addressing solution across India. This development allows users to generate a unique DIGIPIN, a 10-character digital address code, for any location in the country through the Mappls App. The collaboration involves two-way integration. MapmyIndia has incorporated DIGIPIN into the Mappls App, enabling users to create and access digital addresses. Concurrently, India [&hellip;]
- [Tata Power’s Green Push: Tata Power Renewable Energy Crosses 5.6 GW Capacity with Record Solar Installations](https://angelnews.in/tata-powers-green-push-tata-power-renewable-energy-crosses-5-6-gw-capacity-with-record-solar-installations/): Short Summary: Tata Power Renewable Energy Limited (TPREL) has commissioned a record 752 MW of solar projects in Q1 FY26, marking a 112% year-on-year growth. With this addition, its total operational utility-scale capacity has reached 5.6 GW. The company aims to scale this to 7.3 GW by FY26-end, including 5.6 GW solar and 1.7 GW wind capacity. Full Article: Tata Power Renewable Energy Limited (TPREL), a leading renewable energy player and a subsidiary of The Tata Power Company Limited, has commissioned 752 MW of solar power projects in the first quarter of FY26. This marks the company’s highest-ever quarterly addition—representing a [&hellip;]
- [Fleet Revamp Underway: SpiceJet Takes Delivery of 2 Overhauled Engines from StandardAero](https://angelnews.in/fleet-revamp-underway-spicejet-takes-delivery-of-2-overhauled-engines-from-standardaero/): Short Summary: SpiceJet has received the first two of 17 overhauled engines from StandardAero, including one CFM LEAP‐1B and one Q400 engine, as part of its fleet revival plan. The airline has also successfully returned another Boeing 737 NG to service and expects a steady flow of engines in the coming months to boost operational capacity. Full Article: SpiceJet has taken a key step in its fleet revival plan with the delivery of the first two overhauled engines from leading global MRO provider StandardAero. This includes a CFM LEAP‐1B engine for its Boeing 737 MAX, refurbished at StandardAero’s Houston facility in the [&hellip;]
- [Andhra Pradesh Capital Region Land Pooling Scheme 2025 Announced: Landowners to Receive Developed Plots & Benefits, Full Details](https://angelnews.in/andhra-pradesh-capital-region-land-pooling-scheme-2025-announced-landowners-to-receive-developed-plots-benefits-full-details/): The Government of Andhra Pradesh has officially launched the Capital Region Land Pooling Scheme (Formulation and Implementation) Rules, 2025, through G.O.Ms.No.118. Aimed at accelerating planned development in the Andhra Pradesh Capital Region, the scheme enables landowners to voluntarily contribute land for infrastructure projects in exchange for developed plots and financial compensation. The scheme, implemented by the Andhra Pradesh Capital Region Development Authority (APCRDA), will apply to the entire Capital Region except for the designated Capital City Area, which continues to follow the 2015 rules. Key Features of the Scheme : Voluntary Participation: Landowners can join the scheme by submitting a consent [&hellip;]
- [TRATON Taps L&T Technology Services for Multi-Year Mobility Engineering Deal](https://angelnews.in/traton-taps-lt-technology-services-for-multi-year-mobility-engineering-deal/): Short Summary: L&amp;T Technology Services has been selected by TRATON GROUP as a strategic engineering partner to support its global R&amp;D transformation. The multi-year collaboration will focus on platform integration, electrification, and digital innovation across TRATON’s global development hubs. Full Article: L&amp;T Technology Services (BSE: 540115, NSE: LTTS) has been selected by TRATON GROUP, a leading global commercial vehicle manufacturer, as a strategic engineering partner. The collaboration, focused on LTTS’ Mobility segment, aims to accelerate TRATON’s unified, future-ready product development platform, enhancing scale, speed, and sustainability across its operations. As part of its 2029 strategy, TRATON is overhauling its global R&amp;D structure [&hellip;]
- [Eicher Motors Records Strong Sales Growth in June 2025, International Sales Surges 79% YOY](https://angelnews.in/eicher-motors-records-strong-sales-growth-in-june-2025-international-sales-surges-79-yoy/): Eicher Motors Limited reported robust sales figures for June 2025, reflecting strong domestic and international demand for its motorcycles, particularly in the mid-capacity and premium segments. According to the data released to the Society of Indian Automobile Manufacturers (SIAM), Eicher Motors sold a total of 89,540 units in June 2025, marking a 22% year-on-year growth compared to 73,141 units sold in June 2024. Segment-Wise Performance Motorcycles with engine capacity up to 350cc saw a 25% increase, reaching 76,680 units in June 2025, up from 61,465 units in June 2024. Motorcycles exceeding 350cc recorded a more modest but steady growth of 10%, [&hellip;]
- [OpenAI’s Generative Models to Power HCLTech’s Industry Solutions](https://angelnews.in/openais-generative-models-to-power-hcltechs-industry-solutions/): Short Summary: HCLTech has partnered with OpenAI to accelerate enterprise adoption of generative AI. The collaboration will integrate OpenAI’s models into HCLTech’s platforms and services, enabling AI-driven transformation for clients and enhancing internal operations with tools like ChatGPT Enterprise. Full Article: HCLTech has announced a multi-year strategic partnership with OpenAI, a pioneer in artificial intelligence research and deployment. As one of OpenAI’s first strategic services partners, HCLTech aims to drive enterprise-scale adoption of generative AI solutions. This collaboration will combine HCLTech’s extensive industry experience and AI engineering capabilities with OpenAI’s cutting-edge AI technologies. Clients will benefit from seamless integration of OpenAI’s [&hellip;]
- [ITI Limited Secures ₹1901 Cr BharatNet Contract with BSNL for Northeast States](https://angelnews.in/iti-limited-secures-%e2%82%b91901-cr-bharatnet-contract-with-bsnl-for-northeast-states/): Short Summary: ITI Limited has signed a ₹1901 crore agreement with BSNL for implementing NER-II Package-15 of the BharatNet Phase-3 project across Arunachal Pradesh, Nagaland, and Manipur. Including two other packages in Himachal Pradesh, West Bengal, and the Andaman &amp; Nicobar Islands, ITI’s total order value under BharatNet now stands at ₹6956 crore. Full Article: ITI Limited, India’s first PSU and a leading telecom manufacturing company, has signed an agreement with BSNL for NER-II Package-15 under the BharatNet Phase-3 project. Appointed as the Project Implementing Agency (PIA) on behalf of the Universal Service Obligation Fund (USOF), ITI will execute work worth ₹1901 crore, [&hellip;]
- [Jindal Steel Commissions First Continuous Galvanising Line at Angul Plant, Odisha](https://angelnews.in/jindal-steel-commissions-first-continuous-galvanising-line-at-angul-plant-odisha/): Jindal Steel has successfully commissioned its first Continuous Galvanising Line (CGL 1) at its state-of-the-art Angul Integrated Steel Complex in Odisha. This marks a significant step forward in expanding the company’s coated steel product portfolio. The new line will produce galvanised and galvalume steel under the Panther Galvanised and Zinkalume brands, catering to a wide range of industries including appliances, automotive, infrastructure, and construction. CGL 1 is capable of processing steel thicknesses ranging from 0.15 mm to 1.50 mm and widths between 700 mm and 1400 mm. The advanced setup ensures high precision and consistent quality for various industrial applications. The [&hellip;]
- [L&T Technology Services Opens Engineering Design Center in Texas, to Create 350+ Tech Jobs](https://angelnews.in/lt-technology-services-opens-engineering-design-center-in-texas-to-create-350-tech-jobs/): L&amp;T Technology Services (LTTS) has launched a new state-of-the-art Engineering Design Center in Plano, Texas, marking a significant expansion in its global delivery footprint. The facility reinforces LTTS’ commitment to advancing innovation in artificial intelligence, digital manufacturing, and cybersecurity, while addressing growing demand for nearshore capabilities among its U.S. clients. The ITAR-compliant center is designed to support the design, development, and testing of defense-related systems. It will also focus on building advanced cybersecurity solutions, including a dedicated Security Operations Center (SoC) that will aid in Smart City initiatives. Starting with a capacity for 100 engineers, the center is expected to create [&hellip;]
- [Revolt Motors Hits Production Milestone with 50,000th EV Two-Wheeler](https://angelnews.in/revolt-motors-hits-production-milestone-with-50000th-ev-two-wheeler/): Short Summary: Revolt Motors has achieved a major milestone by producing its 50,000th electric motorcycle at its Manesar facility. This marks a significant step in India’s EV journey, reflecting growing demand, expanding reach, and the brand’s commitment to clean, smart mobility solutions. Full Article:  Revolt Motors, India’s electric motorcycle manufacturer, has reached a significant milestone with the production of its 50,000th electric motorcycle. This landmark unit rolled out from the company’s state-of-the-art manufacturing facility in Manesar, Haryana, highlighting the rapid progress of electric mobility in India. The 50,000th unit, an RV1+ in the signature Titan Red Silver colour, reflects Revolt’s commitment [&hellip;]
- [At Paris Air Show, Indra and AXISCADES Announce Major Aerospace Partnership](https://angelnews.in/at-paris-air-show-indra-and-axiscades-announce-major-aerospace-partnership/): Short Summary: Indra and AXISCADES have partnered to produce advanced defense and aerospace systems in India. The deal includes joint development and local manufacturing of technologies like navigation and countermeasure systems, with a focus on Indian and global defense market. Full Article: Paris Air Show, June 16, 2025 – Indra and AXISCADES formalized their collaboration during the ongoing Aerospace Show in Le Bourget. The MoU was signed by Indra CEO José Vicente de los Mozos and AXISCADES Chairman Dr. Sampath Ravinarayanan, in the presence of Indra Chairman Angel Escribano and AXISCADES CEO &amp; MD Alfonso Martínez. The agreement includes plans to [&hellip;]
- [విశాఖపట్నంలో ఇన్నోవేషన్ క్లస్టర్‌ను ఏర్పాటు చేసేందుకు సైయంట్ ఫౌండేషన్ మరియు AICTE భాగస్వామ్యం](https://angelnews.in/cyient-foundation-and-aicte-partner-to-set-up-innovation-cluster-in-visakhapatnam/): Cyient Ltd. యొక్క CSR విభాగమైన Cyient ఫౌండేషన్, ఆంధ్రప్రదేశ్‌లోని విశాఖపట్నంలో ఒక ఇన్నోవేషన్ క్లస్టర్‌ను రూపొందించడానికి ఆల్ ఇండియా కౌన్సిల్ ఫర్ టెక్నికల్ ఎడ్యుకేషన్ (AICTE)తో ఒక ఒప్పందంపై సంతకం చేసింది. మానవ వనరుల అభివృద్ధి, ఐటీ, ఎలక్ట్రానిక్స్ మరియు కమ్యూనికేషన్ శాఖ మంత్రి శ్రీ నారా లోకేశ్ సమక్షంలో ఎంఓయూపై సంతకాలు చేశారు. కళాశాలలు మరియు విశ్వవిద్యాలయాలను వ్యవస్థాపకత, కొత్త ఆలోచనలు మరియు మేధో సంపత్తి అభివృద్ధికి కేంద్రాలుగా మార్చడం ద్వారా ఈ ప్రాంతంలో ఆవిష్కరణలను పెంచడం ఈ భాగస్వామ్యం లక్ష్యం. ఈ ప్రయోగాత్మక కార్యక్రమంలో భాగంగా విశాఖపట్నం పరిసర ప్రాంతాల్లోని కళాశాలలను ఇన్నోవేషన్ హబ్‌లుగా అభివృద్ధి చేయనున్నారు. iCARE కేంద్రాలు (ఇన్నోవేషన్ క్రియేషన్ అండ్ రీసెర్చ్ ఫర్ ఎంటర్‌ప్రెన్యూర్‌షిప్) iCAFE కేంద్రాలు (ఆంట్రప్రెన్యూర్‌షిప్ కోసం ఐడియా క్రియేషన్ మరియు ఆక్సిలరీ ఫెసిలిటీస్) IPR-TT కణాలు (మేధో సంపత్తి హక్కులు మరియు సాంకేతిక బదిలీ) ఈ కేంద్రాలు విద్యార్థులు, అధ్యాపకులు, [&hellip;]
- [Garden Reach Shipbuilders to Construct Coastal Research Vessels for GSI; Vessels to Support Offshore Mapping, Mineral Exploration and Environmental Studies](https://angelnews.in/garden-reach-shipbuilders-to-construct-coastal-research-vessels-for-gsi-vessels-to-support-offshore-mapping-mineral-exploration-and-environmental-studies/): Short Summary: Garden Reach Shipbuilders and Engineers (GRSE) Ltd. has signed a contract with the Geological Survey of India (GSI) to build two Coastal Research Vessels (CRVs). These 64-meter-long vessels will support offshore geological mapping, mineral exploration, and environmental monitoring within India&#8217;s Exclusive Economic Zone. Equipped with modern laboratories and Dynamic Positioning systems, the ships will accommodate 35 personnel and operate for up to 15 days. This project adds to GRSE’s growing portfolio of research and survey vessels alongside its ongoing warship and international cargo ship construction. Full Article: Garden Reach Shipbuilders and Engineers (GRSE) Ltd. has signed a contract for [&hellip;]
- [Nodwin Gaming, Nazara Technologies’ Subsidiary, Invests $3.8M in Singapore E-Sports Arm](https://angelnews.in/nodwin-gaming-nazara-technologies-subsidiary-invests-3-8m-in-singapore-e-sports-arm/): Nazara Technologies Limited, a leading diversified gaming and sports media platform, has disclosed significant financial transactions involving its subsidiaries. Loan Agreements to Support Subsidiary Operations On May 29, 2025, Absolute Sports Private Limited, a material subsidiary of Nazara Technologies, entered into a loan agreement with its wholly-owned subsidiary, Sportskeeda Inc. Under this agreement, Absolute Sports will provide an unsecured loan of up to USD 12.92 million (approximately INR 110 crores) to Sportskeeda Inc. The funds are intended for inter-corporate loans to support the business activities of fellow subsidiaries, in compliance with applicable laws. As of the disclosure date, the outstanding loan [&hellip;]
- [Ola Electric Delivers 3.59 Lakh Units in FY25, Maintains 30% E2W Market Share](https://angelnews.in/ola-electric-delivers-3-59-lakh-units-in-fy25-maintains-30-e2w-market-share/): Ola Electric Mobility Limited, a leading electric vehicle (EV) manufacturer in India, announced its audited financial results for the quarter and financial year ended March 31, 2025. The company reported significant improvements in gross margins, operational efficiencies, and market leadership in the electric two-wheeler (E2W) segment, positioning itself for profitability in FY26. Financial Highlights Year-over-Year (YoY) Performance Revenue: Consolidated revenue for FY25 was ₹4,645 crores, a decrease from ₹5,126 crores in FY24, reflecting challenges in sales volume growth. Gross Margins: Improved significantly by 38% YoY, rising from 14.8% in FY24 to 20.5% in FY25, driven by cost reduction initiatives and the [&hellip;]
- [Hexaware Technologies Opens New Office in Chicago to Support U.S. Operations](https://angelnews.in/hexaware-technologies-opens-new-office-in-chicago-to-support-u-s-operations/): Hexaware Technologies Ltd., a global IT and business process services firm, has opened a new delivery center at 145 S Wells Street, Chicago. The office is part of the company’s ongoing efforts to expand its operational capacity in North America. The opening event was attended by representatives from client organizations, including Jenna Howard of Duly Health and Care and Allison Radecki of Morgan Street Holdings, alongside Hexaware’s executive team, including CEO R Srikrishna and President of Digital IT Operations Siddharth Dhar. R Srikrishna cited digital adoption trends in the U.S. as a factor behind the expansion. According to the company, the [&hellip;]
- [Zaggle’s FY25 Revenue Hits ₹1,302.65 Crore, Q4 PAT Soars 58% QoQ](https://angelnews.in/zaggles-fy25-revenue-hits-%e2%82%b91302-65-crore-q4-pat-soars-58-qoq/): Zaggle Prepaid Ocean Services Limited, a prominent SaaS fintech company specializing in spend management solutions, announced its audited financial results for the quarter and fiscal year ended March 31, 2025. The company delivered an outstanding performance, marked by significant revenue growth and enhanced profitability. Financial Performance Overview (Standalone) Revenue from Operations: ₹1,302.65 crore in FY25, reflecting a 68.0% year-on-year (YoY) increase from ₹775.60 crore in FY24. Profit After Tax (PAT): ₹87.48 crore, a 98.7% YoY rise from ₹44.02 crore in FY24, nearly doubling the previous year’s figure. Adjusted EBITDA: ₹124.49 crore, up 45.5% YoY from ₹85.57 crore, with a margin of [&hellip;]
- [Markets on Fire: Sensex and Nifty Surge Amid Ceasefire Relief](https://angelnews.in/markets-on-fire-sensex-and-nifty-surge-amid-ceasefire-relief/): On May 12, 2025, the Indian stock market witnessed a significant surge, with major benchmark indices posting substantial gains. The Nifty 50 jumped 596.90 points or 2.49%, reaching 24,604.90 by 09:46 IST. Similarly, the BSE Sensex climbed 1,955.05 points to 81,409.52, marking a 2.46% gain. This remarkable upswing came in the wake of easing geopolitical tensions, following the announcement of a ceasefire between India and Pakistan. The reduction in conflict brought a much-needed sense of calm after weeks of escalating hostilities. Investors responded positively to the news, resulting in a strong market opening and sustained upward momentum throughout the trading session. [&hellip;]
- [Nazara Makes Big Moves: Acquires Smaaash, Divests Openplay, and Targets U.S. Wrestling Fans](https://angelnews.in/nazara-makes-big-moves-acquires-smaaash-divests-openplay-and-targets-u-s-wrestling-fans/): Nazara Technologies Limited, a leading diversified gaming and sports media platform, has announced a series of strategic moves to strengthen its market position, as disclosed in recent regulatory filings with the BSE (Scrip Code: 543280) and NSE (Scrip Symbol: NAZARA). These developments, detailed on May 7, 2025, include the acquisition of Smaaash Entertainment, the sale of its Openplay Technologies stake, and the purchase of two wrestling content platforms by its subsidiary, Absolute Sports. Acquisition of Smaaash Entertainment Nazara Technologies has received approval from the National Company Law Tribunal (NCLT), Mumbai, for its resolution plan to acquire Smaaash Entertainment Private Limited, a [&hellip;]
- [Mahindra & Mahindra Launches ₹1,554.60 Per Share Open Offer for 26% Stake in SML Isuzu](https://angelnews.in/mahindra-mahindra-launches-%e2%82%b91554-60-per-share-open-offer-for-26-stake-in-sml-isuzu/): Mahindra &amp; Mahindra Limited, a leading Indian automotive manufacturer, has initiated an open offer to acquire up to 37,62,628 fully paid-up equity shares of SML Isuzu Limited, representing 26% of the company’s voting share capital. The offer, priced at INR 1,554.60 per equity share, aims to strengthen Mahindra’s position in the commercial vehicle sector. The open offer, managed by Kotak Mahindra Capital Company Limited, follows a public announcement made by Mahindra &amp; Mahindra on April 26, 2025. In compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, a detailed public statement was published on [&hellip;]
- [India’s Quantum Leap: Andhra Pradesh Unveils Quantum Valley Tech Park with TCS and IBM](https://angelnews.in/indias-quantum-leap-andhra-pradesh-unveils-quantum-valley-tech-park-with-tcs-and-ibm/): Tata Consultancy Services (TCS), IBM, and the Andhra Pradesh government are launching India’s first Quantum Valley Tech Park in Amaravati, featuring IBM’s Quantum System Two with a 156-qubit Heron processor—the country’s largest quantum computer. This initiative aims to position India as a global quantum leader, but can it deliver? Strategic Collaboration The partnership combines IBM’s quantum hardware, TCS’s algorithm expertise, and Andhra Pradesh’s vision to lead the global quantum race. Aligned with India’s $720 million National Quantum Mission, the tech park will provide access to IBM’s cloud-based quantum systems and, once completed, the on-site Quantum System Two. TCS will develop quantum [&hellip;]
- [Trent Limited FY25: 38% Revenue Growth, Reaches 242 Cities With 1,043 Stores](https://angelnews.in/trent-limited-fy25-38-revenue-growth-reaches-242-cities-with-1043-stores/): Trent Limited, a retail arm of the Tata Group, announced its audited financial results for the quarter (Q4 FY25) and full year ended 31st March 2025. The company operates fashion retail chains Westside and Zudio, alongside its Star hypermarket business, and reported consolidated revenue growth of 38% year-on-year (YoY) and profit before tax (PBT) growth of 56% for FY25. Consolidated Financial Results Full Year FY25 (Consolidated) Revenue (including GST): Rs. 18,141 crore, up 38% YoY from Rs. 13,147 crore in FY24. PBT (before exceptional items): Rs. 2,030 crore, a 56% YoY increase from Rs. 1,301 crore in FY24. Net Profit: Rs. [&hellip;]
- [Optiemus Infracom Limited Subsidiary Optiemus Electronics and ASRock Forge Strategic Alliance to Manufacture Made-in-India Motherboards](https://angelnews.in/optiemus-infracom-limited-subsidiary-optiemus-electronics-and-asrock-forge-strategic-alliance-to-manufacture-made-in-india-motherboards/): Optiemus Electronics Limited (OEL) has announced a manufacturing partnership with ASRock Inc., a leading Taiwanese motherboard manufacturer. Under this agreement, OEL will produce ASRock’s enterprise and gaming desktop motherboards locally. Manufacturing operations have already commenced in April 2025, and the Made-in-India motherboards will be available in the domestic market starting May 2025. This partnership marks a significant shift from dependency on imported hardware to indigenous production, supporting India&#8217;s Atmanirbhar Bharat and Make-in-India initiatives. It is expected not only to meet the growing demand within India but also to open new opportunities in export markets. Ashok Gupta, Executive Chairman of the Optiemus [&hellip;]
- [UK Bank Partners with Intellect eMACH.ai to Support International Wholesale Banking Expansion](https://angelnews.in/uk-bank-partners-with-intellect-emach-ai-to-support-international-wholesale-banking-expansion/): A UK-based global financial institution has entered into a multi-year agreement with Intellect Design Arena Ltd. to implement the eMACH.ai platform in support of its international wholesale banking expansion. The initiative targets operational deployment in key financial centers including India, Hong Kong and Singapore. The partnership focuses on the use of Intellect’s eMACH.ai Wholesale Banking platform. This system is based on API-first, microservices-based, cloud-native and headless architecture. The platform provides a composable and modular structure designed to reduce fragmentation and support integrated banking operations across multiple geographies. Key platform capabilities include: Corporate Core and Lending: Full lifecycle support for client and [&hellip;]
- [Jio Financial Services FY25 Results: AUM Jumps 5708% YoY, Dividend of ₹0.50 Per Share Recommended](https://angelnews.in/jio-financial-services-fy25-results-aum-jumps-5708-yoy-dividend-of-%e2%82%b90-50-per-share-recommended/): Jio Financial Services Limited (JFSL), a leading Core Investment Company (CIC) registered with the Reserve Bank of India, announced its audited consolidated financial results for the fourth quarter (Q4 FY25) and the full financial year ended March 31, 2025. The company showcased robust growth, with its Assets under Management (AUM) surpassing ₹10,000 crore and significant year-on-year (YoY) and quarter-on-quarter (QoQ) improvements in key financial metrics. Consolidated Financial Highlights for FY25 Assets under Management (AUM): JFSL’s NBFC subsidiary, Jio Finance Ltd., reported an AUM of ₹10,053 crore as of March 31, 2025, a remarkable increase from ₹173 crore on March 31, 2024, [&hellip;]
- [Angel One FY25 PAT Grows 7.3% to ₹1,216 Crore, Client Base Hits 31 Million](https://angelnews.in/angel-one-fy25-pat-grows-7-3-to-%e2%82%b91216-crore-client-base-hits-31-million/): Angel One Limited (NSE: ANGELONE, BSE: 543235), India’s largest listed retail stock broking house, announced its audited financial results for Q4 FY25 and the fiscal year ending March 31, 2025. The company faced regulatory changes in the Futures &amp; Options (F&amp;O) segment and market volatility, impacting Q4 results. Financial Performance Q4 FY25 Financial Metrics (QoQ and YoY Comparison) Angel One’s Q4 FY25 financials reflect regulatory impacts and lower trading volumes, with declines QoQ but growth YoY in annual metrics. Below is a comparison based on standalone financial results: Total Income: Q4 FY25: ₹1,033.44 crore Q3 FY25: ₹1,247.99 crore (QoQ decline: -17.2%) [&hellip;]
- [Wipro Q4 FY25 Results: Net Income Surges 25.9% YoY, Large Deal Bookings Soar 48.5%](https://angelnews.in/wipro-q4-fy25-results-net-income-surges-25-9-yoy-large-deal-bookings-soar-48-5/): Wipro Limited, a global leader in technology services and consulting, released its financial results for the fourth quarter (Q4) and full year (FY) ended March 31, 2025, showcasing resilience amid a challenging macroeconomic environment. With a strategic focus on large deal bookings, margin expansion, and AI-driven innovation, Wipro has demonstrated steady progress. Financial Highlights for Q4 FY 2025 Revenue Performance Gross Revenue: Wipro reported a gross revenue of ₹225.0 billion ($2,634.2 million) in Q4 FY 2025, reflecting a modest QoQ increase of 0.8% and a YoY rise of 1.3%. This growth indicates stabilization despite cautious client spending. IT Services Revenue: The [&hellip;]
- [Swaraj Engines Posts Record Rs. 223.05 Crore PBT in FY25, Up 20.6% YoY, Recommends Rs. 104.50 Per Share Dividend](https://angelnews.in/swaraj-engines-posts-record-rs-223-05-crore-pbt-in-fy25-up-20-6-yoy-recommends-rs-104-50-per-share-dividend/): Swaraj Engines Limited (SEL), a leading manufacturer of diesel engines and components, has delivered an exceptional financial performance for the fiscal year 2025, culminating in its highest-ever Profit Before Tax (PBT) of Rs. 223.05 crores. The company’s audited financial results for the fourth quarter (Q4 FY25) and the full year ended March 31, 2025, reflect robust growth, driven by strong demand, operational efficiency, and strategic initiatives. Key Financial Highlights for FY25 Revenue from Operations: Rs. 1,681.89 crores, up 18.5% YoY from Rs. 1,419.24 crores in FY24. Profit Before Tax (PBT): Rs. 223.05 crores, a 20.6% YoY increase from Rs. 184.97 crores. [&hellip;]
- [IREDA Reports 35.6% Surge in Net Profit for FY 2025, Loan Portfolio Grows to ₹75,319.98 Crore](https://angelnews.in/ireda-reports-35-6-surge-in-net-profit-for-fy-2025-loan-portfolio-grows-to-%e2%82%b975319-98-crore/): The Indian Renewable Energy Development Agency Limited (IREDA), a Navratna Central Public Sector Enterprise under the Government of India, announced its consolidated audited financial results for the fiscal year ended March 31, 2025, showcasing robust growth in profitability and its loan portfolio. As a leading non-banking financial company (NBFC) dedicated to financing renewable energy and energy efficiency projects, IREDA continues to drive India’s clean energy agenda with impressive financial performance. Stellar Financial Performance IREDA reported a consolidated net profit after tax (NPAT) of ₹1,698.34 crore for FY 2025, marking a 35.6% increase from ₹1,252.24 crore in FY 2024. The surge in [&hellip;]
- [Major Infrastructure Push in Amaravati: Andhra Pradesh Government Floats Tenders Worth ₹4,688.82 Crores for Secretariat Construction](https://angelnews.in/major-infrastructure-push-in-amaravati-andhra-pradesh-government-floats-tenders-worth-%e2%82%b94688-82-crores-for-secretariat-construction/): Amaravati, April 16, 2025 — In a significant move towards advancing the development of the state capital, the Government of Andhra Pradesh has initiated tenders for the construction of the Integrated Andhra Pradesh State Secretariat and Heads of Departments (HoD) offices in Amaravati. The Housing &amp; Buildings (Offices) department, under the CITIIS initiative, issued three major tender notifications on April 16, 2025, with all bids open until May 1, 2025. The comprehensive development plan includes the construction of multiple towers across the Amaravati Government Complex on both the northern and southern sides of the Palavagu stream. The estimated total cost of [&hellip;]
- [భారతి ఎయిర్‌టెల్ తో బ్లింకిట్ భాగస్వామ్యం: ఇప్పుడు 10 నిమిషాల్లో సిమ్ కార్డ్ డెలివరీ](https://angelnews.in/airtel-teams-up-with-blinkit-for-10-minute-sim-card-delivery/): భారతి ఎయిర్‌టెల్ బ్లింకిట్‌తో భాగస్వామ్యం చేసుకుంది, ఇప్పుడు కస్టమర్లు 10 నిమిషాల్లో సిమ్ కార్డ్‌ను వారి ఇంటికే డెలివరీగా పొందవచ్చు. ఇది భారతదేశంలో మొట్టమొదటిసారిగా టెలికాం కంపెనీ ఇస్తున్న సేవ. ప్రస్తుతం ఈ సేవ 16 ప్రధాన నగరాల్లో అందుబాటులో ఉంది. త్వరలో మరిన్ని నగరాలకు విస్తరించనుంది. కస్టమర్లు ₹49 చెల్లించి సిమ్ కార్డ్‌ను ఆర్డర్ చేయవచ్చు. డెలివరీ తర్వాత, ఆధార్ ఆధారిత సెల్ఫ్-KYC ద్వారా సులభంగా సిమ్‌ను యాక్టివేట్ చేయవచ్చు. ప్రీపెయిడ్, పోస్ట్‌పెయిడ్ ప్లాన్లతో పాటు నెంబర్ పోర్టింగ్ (MNP) కూడా ఎంపికగా ఉంది. యాక్టివేషన్ కోసం ఆన్‌లైన్ వీడియో లింక్ కూడా ఉంటుంది. సహాయం అవసరమైతే, ఎయిర్‌టెల్ థ్యాంక్స్ యాప్‌ ద్వారా సపోర్ట్ పొందవచ్చు. కొత్త కస్టమర్లు 9810012345 నంబర్‌కు కాల్ చేయవచ్చు. సిమ్ డెలివరీ అయిన 15 రోజుల్లోపు యాక్టివేట్ చేయాలి. ఈ సేవ ప్రస్తుతం ఢిల్లీ, గురుగ్రాం, ఫరీదాబాద్, సోనిపట్, అహ్మదాబాద్, సూరత్, చెన్నై, భోపాల్, ఇండోర్, [&hellip;]
- [Green Hydrogen in the Arctic Circle: Cyient’s Role in the Future of Energy](https://angelnews.in/green-hydrogen-in-the-arctic-circle-cyients-role-in-the-future-of-energy/): When we discuss the green energy transition, we often think of solar farms in California or wind turbines off the coast of Denmark. The Arctic Circle, however, is not usually part of that conversation. That is starting to change, with India’s Cyient now involved in a hydrogen project in Bodø, Norway. Cyient has secured a contract to assist GreenH and Luxcara in developing a green hydrogen production facility at Langstranda in Bodø. This project is expected to play a role in advancing the use of hydrogen in Norway’s energy transition. The project focuses on providing green hydrogen to the maritime sector. [&hellip;]
- [Mutual Funds Shift to Safety: March 2025 Sees Surge in Debt, Drop in Equity](https://angelnews.in/mutual-funds-shift-to-safety-march-2025-sees-surge-in-debt-drop-in-equity/): In March 2025, the mutual fund industry witnessed a slight uptick in the number of new schemes launched compared to February, rising from 29 to 30 a modest increase of 3.45%. Total funds mobilized also edged up by 1.39%, from ₹4,029 crores to ₹4,085 crores. While these headline figures suggest stability, a deeper analysis reveals significant shifts in investor preferences and fund house strategies across different scheme categories. Income/Debt Oriented Schemes: Steady Launches, Surging Funds The number of new Income/Debt Oriented Schemes remained constant at two launches in both February and March. However, the funds mobilized in this category saw a [&hellip;]
- [V-Mart Opens 62 New Stores in FY25, Hits 500 Total](https://angelnews.in/v-mart-opens-62-new-stores-in-fy25-hits-500-total/): New Delhi, April 11, 2025: V-Mart Retail Ltd. has opened its 500th store, marking a new addition to its retail network. The company offers apparel, footwear, and accessories at competitive price points, with stores designed for ease of navigation and functionality. Founded in 2003, V-Mart now operates in over 300 cities and manages 43 lakh square feet of retail space. It has served more than 100 million customers to date. Lalit Agarwal, Managing Director of V-Mart Retail Ltd., acknowledged the efforts of the company’s employees in reaching this milestone. He noted that the company’s business model is focused on value-based retail [&hellip;]
- [Delhivery’s Ecom Express Acquisition: Risky or Rewarding?](https://angelnews.in/delhiverys-ecom-express-acquisition-risky-or-rewarding/): On April 5, 2025, Delhivery Limited announced plans to acquire a controlling stake in Ecom Express Limited, detailed in an FAQ document released on April 11, 2025. Subject to Competition Commission of India approval, this deal could alter India’s e-commerce logistics landscape. It aims to bolster Delhivery’s position, but raises questions about competition, profitability, and execution. Scaling Up Operations : Delhivery sees scale as key in logistics, where size drives efficiency. Integrating Ecom Express’s operations, which handled 514 million express parcels in FY24 and 405 million in 9MFY25, would expand Delhivery’s network, already 2.5 times larger in express parcels. The company [&hellip;]
- [Nazara Technologies Expands Global Footprint with New U.S. Subsidiary](https://angelnews.in/nazara-technologies-expands-global-footprint-with-new-u-s-subsidiary/): Nazara Technologies Limited, a leading Indian gaming and entertainment company, has announced the incorporation of a new step-down subsidiary, Nodwin Gaming USA Inc., in the State of Delaware, United States. The development, disclosed in a filing with the BSE and NSE under Regulation 30 of the SEBI Listing Regulations, marks a significant step in the company’s global expansion strategy. The subsidiary was incorporated by NODWIN Gaming International Pte Ltd, a Singapore-based wholly owned subsidiary of Nodwin Gaming Private Limited, which is a material subsidiary of Nazara Technologies. Nodwin Gaming USA Inc. has been established with an authorized share capital of USD [&hellip;]
- [Ampere రియో 80 ఎలక్ట్రిక్ స్కూటర్ విడుదల – ధర ₹59,900](https://angelnews.in/ampere-launches-reo-80-electric-scooter-at-%e2%82%b959900/): బెంగళూరు, భారతదేశం, 2025 ఏప్రిల్ 9: గ్రీవ్స్ ఎలక్ట్రిక్ మొబిలిటీ లిమిటెడ్ (GEML) యొక్క ఎలక్ట్రిక్ ద్విచక్ర వాహన బ్రాండ్ అయిన అంపేర్, తన కొత్త ఎలక్ట్రిక్ స్కూటర్ రియో 80 ని విడుదల చేసింది. ఈ స్కూటర్ రోజువారీ వినియోగదారుల కోసం రూపొందించబడింది మరియు విద్యార్థులు, వృద్ధులు, కుటుంబాలు వంటి విభిన్న వర్గాల కోసం అనుకూలంగా ఉంటుంది. రియో 80 ప్రారంభ ధర ₹59,900. ఇది డ్రైవింగ్ లైసెన్స్ లేదా రిజిస్ట్రేషన్ అవసరం లేకుండా వినియోగించవచ్చు. గరిష్ట వేగం 25 కిమీ/గం కాగా, ఒక సారి చార్జ్ చేస్తే 80 కిమీ వరకు ప్రయాణించగలదు. ఇందులో కలర్ LCD డిస్‌ప్లే, ఫ్రంట్ డిస్క్ బ్రేక్, LFP బ్యాటరీ, కీ లెస్ స్టార్ట్, మరియు నలుపు, ఎరుపు, నీలం, తెలుపు వంటి రెండు రంగుల కలయికలో డిజైన్ చేయబడిన వేరియంట్లు ఉన్నాయి. ఇది అంపేర్ యొక్క పాత రియో మోడల్‌కు నవీకరించబడిన వెర్షన్. [&hellip;]
- [ITI Limited Begins Work on BharatNet Phase-III in Himachal Pradesh](https://angelnews.in/iti-limited-begins-work-on-bharatnet-phase-iii-in-himachal-pradesh/): The recent launch of the State Network Operations Center (S-NOC) by ITI Limited in Solan, Himachal Pradesh, marks a significant moment in the implementation of BharatNet Phase-III. While the project aligns with India’s broader digital connectivity goals, its success in a challenging terrain like Himachal Pradesh will depend heavily on execution and sustained oversight. S-NOC, which will be managed in coordination with BSNL, is intended to serve as the nerve center for monitoring and managing the network’s performance across the state. The plan includes connecting 3,615 gram panchayats to 91 block headquarters using 10 Gbps bandwidth, with the network eventually reaching [&hellip;]
- [Garden Reach Shipbuilders & Engineers Ltd and SWAN Defence Sign MoU to Expand Indigenous Commercial Shipbuilding](https://angelnews.in/garden-reach-shipbuilders-engineers-ltd-and-swan-defence-sign-mou-to-expand-indigenous-commercial-shipbuilding/): Garden Reach Shipbuilders &amp; Engineers Ltd. (GRSE) and SWAN Defence and Heavy Industries Ltd. have signed a Memorandum of Understanding (MoU) on April 7 at GRSE Bhavan, Kolkata. The agreement outlines a strategic collaboration aimed at enhancing India’s indigenous capabilities in commercial shipbuilding. The MoU sets the groundwork for a non-exclusive partnership between the two companies, focusing on the construction of commercial vessels and offshore structures. The scope of the collaboration includes joint efforts to secure domestic and international shipbuilding projects, with shared use of infrastructure and design resources. Under this arrangement, GRSE and SWAN Defence will coordinate efforts to develop [&hellip;]
- [Indian Markets Recover After Sharp Drop, Sensex Gains Over 1,000 Points, DIIs Net Buy ₹3,097.24 Crore](https://angelnews.in/indian-markets-recover-after-sharp-drop-sensex-gains-over-1000-points-diis-net-buy-%e2%82%b93097-24-crore/): The Indian stock market recovered on April 8, 2025, following a steep decline the previous day. The BSE Sensex closed 1,089.18 points higher at 74,227.08, and the Nifty 50 rose 374.25 points to 22,535.85. This came after both indices saw sharp losses on April 7 due to renewed global trade tensions and concerns over a potential U.S. recession. The initial decline was triggered by U.S. President Donald Trump&#8217;s renewed tariff threats against China, which led to a broad sell-off across global markets. On April 8, global markets showed signs of stabilization. Japan’s Nikkei rose between 5.5% and 5.7%, Hong Kong’s Hang [&hellip;]
- [Cyient Sets Up Global Semiconductor Arm to Meet Growing Demand](https://angelnews.in/cyient-sets-up-global-semiconductor-arm-to-meet-growing-demand/): Cyient, a global engineering and technology solutions provider, has launched a fully owned subsidiary, Cyient Semiconductors. This step marks the company’s entry into the semiconductor sector as an independent business unit, focusing on the design and development of Application-Specific Integrated Circuit (ASIC) turnkey solutions. Cyient has been active in the semiconductor domain for over 25 years, offering services across sectors such as industrial, automotive, medical, and data center applications. The new subsidiary is expected to build on this foundation, expanding its operations and capabilities through both organic and inorganic growth. Cyient Semiconductors currently operates teams in India, the U.S., Germany, Belgium, [&hellip;]
- [మారుతి సుజుకి నుండి కొత్త గ్రాండ్ విటారా వేరియంట్ విడుదల – ప్రారంభ ధర రూ. 11.42 లక్షలు](https://angelnews.in/new-grand-vitara-variant-launched-by-maruti-suzuki-at-rs-11-42-lakh/): మారుతి సుజుకి ఇండియా లిమిటెడ్ (MSIL) ఏప్రిల్ 8, 2025న కొత్తగా అప్‌డేట్ చేసిన గ్రాండ్ విటారా కారును విడుదల చేసింది. ఈ కారు ప్రారంభ ధర రూ. 11.42 లక్షలు (ఎక్స్-షోరూమ్). అన్ని వేరియంట్లలో ఇప్పుడు 6 ఎయిర్‌బ్యాగ్స్ తప్పనిసరి ఫీచర్‌గా ఇచ్చారు. ఇది వినియోగదారుల అభిరుచులకు అనుగుణంగా తీసుకున్న నిర్ణయం. కొత్తగా డెల్టా+ స్ట్రాంగ్ హైబ్రిడ్ అనే వేరియంట్‌ను కూడా విడుదల చేశారు, దీని ధర రూ. 16.99 లక్షలు. అలాగే జెట్టా మరియు ఆల్ఫా వేరియంట్లకు ఇప్పుడు ఐచ్ఛికంగా పానోరామిక్ సన్‌రూఫ్ లభిస్తుంది . కొత్తగా చేర్చిన ఫీచర్లు: 8-వేల్లో అడ్‌జస్ట్ చేయగల పవర్డ్ డ్రైవర్ సీట్ ఆటోమేటిక్ మోడళ్లకు ఎలక్ట్రానిక్ పార్కింగ్ బ్రేక్ PM 2.5 డిస్ప్లేతో గాలి శుద్ధి వ్యవస్థ ఈ ఫీచర్లు 18 వేరియంట్లకు వర్తిస్తాయి. వీటిలో స్మార్ట్ హైబ్రిడ్, ALLGRIP సిలెక్ట్, మరియు స్ట్రాంగ్ హైబ్రిడ్ మోడళ్లుంటాయి. భద్రతా ఫీచర్లు (అన్ని మోడళ్లలో): [&hellip;]
- [Volatility Soars, Sensex Sinks: What Triggered Monday’s Bloodbath](https://angelnews.in/volatility-soars-sensex-sinks-what-triggered-mondays-bloodbath/): On April 7, 2025, Indian equity markets witnessed a sharp and broad-based sell-off as escalating global trade tensions and recessionary fears triggered panic among investors. The BSE Sensex plummeted 2,226.79 points (2.95%) to close at 73,137.90, while the Nifty 50 shed 743 points (3.24%) to end at 22,161.60. Mid- and small-cap indices bore the brunt, with the BSE MidCap falling 3.46% and the BSE SmallCap plunging 4.13%, reflecting heightened risk aversion across the board. The market downturn was primarily driven by geopolitical uncertainties following U.S. President Donald Trump&#8217;s announcement of a sweeping tariff regime targeting over 180 countries. In a rapid [&hellip;]
- [ITC Limited Acquires 43.75% Stake in Ample Foods Private Limited for ₹131 Crores](https://angelnews.in/itc-limited-acquires-43-75-stake-in-ample-foods-private-limited-for-%e2%82%b9131-crores/): ITC Limited announced the acquisition of a 43.75% stake in Ample Foods Private Limited (AFPL), a company focused on frozen, chilled, and ready-to-cook food products. The transaction, valued at approximately ₹131 crores, involved the purchase of 2,62,500 equity shares at ₹10 each through primary subscription and secondary purchases. ITC confirmed in a letter to the National Stock Exchange of India Ltd., BSE Ltd., and The Calcutta Stock Exchange Ltd. that the acquisition was completed on April 4, 2025, following agreements signed on February 6, 2025. The company acquired 1,00,000 equity shares via primary subscription and 1,62,500 shares through secondary purchases, with [&hellip;]
- [With ION Mobility Integration, TVS Motor Aims for Bigger ASEAN EV Market Footprint](https://angelnews.in/with-ion-mobility-integration-tvs-motor-aims-for-bigger-asean-ev-market-footprint/): Bangalore, April 4, 2025: TVS Motor Company (TVSM) is expanding its electric vehicle (EV) presence in Southeast Asia by integrating ION Mobility’s assets, intellectual property, and team into its operations. Given the region&#8217;s rapid growth in motorbike usage, this move could influence market dynamics and competition. TVSM had previously invested in ION Mobility, a company with expertise in EV design, engineering, and supply chain solutions. By incorporating ION Mobility’s capabilities, TVSM appears to be strengthening its position in the Southeast Asian EV market, though the actual impact remains to be seen. Sharad Mohan Mishra, President of Group Strategy at TVS Motor [&hellip;]
- [Angel One’s Overall Client Base Hits 31 Million with 1.4% MoM Growth and Strong FY25 Performance Amid Mixed Trends](https://angelnews.in/angel-ones-overall-client-base-hits-31-million-with-1-4-mom-growth-and-strong-fy25-performance-amid-mixed-trends/): Angel One Limited, a leading stock brokerage firm, released its business performance update for March 2025, Q4 FY25, and the full fiscal year FY25, showcasing significant year-on-year (YoY) growth across key metrics. The company, listed on the National Stock Exchange (Symbol: ANGELONE) and BSE (Scrip Code: 543235), reported a 39.5% increase in its client base, reaching 31.02 million in FY25 from 22.24 million in FY24. This growth reflects Angel One’s strong foothold in India’s retail trading market, bolstered by a 5.6% rise in gross client acquisition, adding 9.28 million new clients in FY25 compared to 8.79 million the previous year. The [&hellip;]
- [PHINIA Partners with LTIMindtree for IT Infrastructure Modernization and AI-Driven Automation](https://angelnews.in/phinia-partners-with-ltimindtree-for-it-infrastructure-modernization-and-ai-driven-automation/): PHINIA Inc. has entered into a partnership with LTIMindtree [NSE: LTIM, BSE: 540005] to enhance its IT infrastructure, application maintenance, and development processes. PHINIA, a global provider of fuel systems, electrical systems, and aftermarket solutions, aims to optimize its technology landscape through this collaboration. LTIMindtree will be responsible for IT operations management, application lifecycle support, and system modernization. As part of the agreement, LTIMindtree will implement AI-driven automation, IT service management (ITSM) frameworks, and cloud-based solutions to improve operational efficiency, mitigate risks, and reduce application complexity. The focus will be on integrating DevOps methodologies, predictive analytics, and infrastructure as code (IaC) [&hellip;]
- [Reliance’s RISE Worldwide Partners with BLAST to Revolutionize Esports in India](https://angelnews.in/reliances-rise-worldwide-partners-with-blast-to-revolutionize-esports-in-india/): India’s esports industry is on the verge of a major transformation with Reliance’s RISE Worldwide joining forces with BLAST Esports. This strategic partnership aims to bring globally renowned esports events to India while also developing homegrown tournament properties. With over 600 million gamers in the country and a gaming market set to grow at 19% CAGR, the potential for esports is immense. However, despite the massive audience, India&#8217;s esports ecosystem is still developing, and this venture could be the much-needed catalyst for its expansion. BLAST, one of the world’s leading esports tournament organizers, has worked with industry giants like Epic Games, [&hellip;]
- [Indian Markets Plunge as FII Sell ₹5,901 Crore Amid U.S. Tariff Fears](https://angelnews.in/indian-markets-plunge-as-fii-sell-%e2%82%b95901-crore-amid-u-s-tariff-fears/): The Indian stock market witnessed a significant decline on April 1, 2025, driven by fears surrounding an upcoming tariff announcement from the U.S. government. This policy aims to impose reciprocal tariffs on countries with high duties on U.S. goods, including India. Investor sentiment turned negative, leading to a sharp sell-off as concerns over potential trade disruptions grew. The Sensex and Nifty recorded their worst start to a financial year in several years, with losses across major sectors. The broader market indices reflected the widespread selling pressure: Nifty 50: 23,165.70 (-353.65, -1.5%) BSE Sensex: 76,024.51 (-1,390.41, -1.80%) Nifty 100: 23,713.80 (-343.55, -1.43%) [&hellip;]
- [Mahindra Leads in LCV Market with 50% Share, Reports Strong March 2025 Sales with 23% YOY Growth](https://angelnews.in/mahindra-leads-in-lcv-market-with-50-share-reports-strong-march-2025-sales-with-23-yoy-growth/): In March 2025, Mahindra &amp; Mahindra Ltd. (M&amp;M Ltd.) reported sales of 83,894 vehicles, reflecting a 23% year-on-year growth. The increase in overall sales highlights the company’s performance in the highly competitive Indian automotive market. This growth was driven by a strong showing in the Utility Vehicles (UVs) and Commercial Vehicles (CVs) segments, as well as strategic efforts across various areas of its operations. In the domestic market, Mahindra&#8217;s Utility Vehicles segment saw an 18% increase in sales, reaching 48,048 vehicles in March 2025. The growth in this segment, including models like the Bolero and XUV, continues to be a key [&hellip;]
- [Eicher Motors: Royal Enfield Surpasses 1 Million Annual Sales in FY 2024-25](https://angelnews.in/eicher-motors-royal-enfield-surpasses-1-million-annual-sales-in-fy-2024-25/): Royal Enfield recorded 1 million annual sales for the financial year 2024-25, marking its highest-ever figures. The company reported an 11% year-on-year growth, with 10,09,900 motorcycles sold. Domestic sales stood at 9,02,757 units, while exports grew by 37% to 1,07,143 units. This increase in sales reflects expanded market reach and demand for its motorcycles in both domestic and international segments. The Hunter 350 crossed 500,000 units sold, and the Super Meteor 650 exceeded 50,000 sales, indicating strong demand for these models. The company also strengthened its international presence by setting up a new assembly plant in Thailand and a manufacturing unit [&hellip;]
- [Waaree Energies Inaugurates India’s Largest 5.4 GW Solar Cell Gigafactory in Chikhli, Gujarat](https://angelnews.in/waaree-energies-inaugurates-indias-largest-5-4-gw-solar-cell-gigafactory-in-waaree-energies-inaugurates-indias-largest-5-4-gw-solar-cell-gigafactory-in-chikhli-gujarat/): Waaree Energies Ltd. has inaugurated Bharat’s largest 5.4 GW solar cell gigafactory in Chikhli, Gujarat, marking a major milestone in India’s renewable energy sector. The grand event was attended by Hon’ble Gujarat Chief Minister Shri Bhupendra Patel, Union Minister of New and Renewable Energy Shri Pralhad Joshi, and Union Minister of Jal Shakti Shri C.R. Patil, along with key state ministers and dignitaries. Spanning 150 acres, with a built-up area of 101 acres. Speaking at the event, Shri Pralhad Joshi highlighted Gujarat’s leadership in India’s renewable energy transition, stating that the state continues to set national benchmarks. He emphasized that this [&hellip;]
- [Ashok Leyland Secures Defence Orders Worth ₹700+ Crore, Strengthens Leadership in Military Mobility](https://angelnews.in/ashok-leyland-secures-defence-orders-worth-%e2%82%b9700-crore-strengthens-leadership-in-military-mobility/): Ashok Leyland, the Indian flagship of the Hinduja Group and the largest supplier of logistics vehicles to the Indian Army, has announced that its Defence business has secured multiple orders worth over ₹700 crore. These orders will support the Defence sector’s requirements for troop transportation, logistics, and specialized mobility under the Close-in Weapon Systems (CIWS) program. With this achievement, Ashok Leyland further strengthens its position as a leading provider of advanced land mobility solutions for the Armed and Paramilitary Forces. The newly awarded contracts include a variety of specialized vehicles, such as the Stallion 4&#215;4, Stallion 6&#215;6, Short Chassis Bus, and [&hellip;]
- [Zensar Technologies Partners with Tesco IMS for Digital Transformation and Modernization](https://angelnews.in/zensar-technologies-partners-with-tesco-ims-for-digital-transformation-and-modernization/): Zensar Technologies, a prominent provider of experience, engineering, and engagement technology solutions, has been selected by Tesco Insurance and Money Services (Tesco IMS), a leading UK-based insurance company, to lead a comprehensive modernization and digital transformation initiative. This collaboration aims to establish a robust cloud-first ecosystem, enhance operational scalability, and improve customer value and experience for Tesco IMS. As part of this initiative, Zensar Technologies will modernize Tesco IMS’s end-to-end infrastructure, network, application hosting services, and contact center. Additionally, the company will support Tesco IMS in facilitating a technology carve-out from Tesco Bank, following the sale of Tesco Bank&#8217;s banking operations [&hellip;]
- [Royal Enfield Launches Classic 650 in India: Prices Start at ₹3.37 Lakh](https://angelnews.in/royal-enfield-launches-classic-650-in-india-prices-start-at-%e2%82%b93-37-lakh/): Royal Enfield( A division of Eicher Motors Limited)  has launched the Classic 650 in India, starting at INR 3,37,000, as an addition to its Classic series. The model retains the traditional styling of the Classic range while incorporating a 650cc parallel twin engine for increased performance. The design follows the brand’s familiar aesthetic, featuring a teardrop-shaped fuel tank, flowing lines, and chrome accents, combined with updated engineering. The Classic 650 maintains the visual identity of previous Classic models but introduces a revised stance with shorter fenders and wider tires. A LED headlamp, Showa suspension, and an ergonomically designed seat contribute to [&hellip;]
- [విప్రో తో యుకే బీమా దిగ్గజం ఫీనిక్స్ గ్రూప్‌ £500 మిలియన్ కీలక ఒప్పందం](https://angelnews.in/wipro-secures-500-million-strategic-deal-with-phoenix-group/): విప్రో లిమిటెడ్, UK యొక్క అతిపెద్ద దీర్ఘకాలిక పొదుపు సంస్థ ఫీనిక్స్ గ్రూప్‌తో £500 మిలియన్ విలువైన 10 సంవత్సరాల ఒప్పందాన్ని కుదుర్చుకుంది. ఈ భాగస్వామ్యం, రీఅష్యూర్‌ కోసం జీవిత మరియు పెన్షన్ పాలసీ నిర్వహణను మెరుగుపరిచేందుకు, అలాగే ఫీనిక్స్ గ్రూప్ యొక్క మొత్తం కార్యకలాపాలను ఆధునీకరించేందుకు ఉద్దేశించబడింది. విప్రో యొక్క FCA-నియంత్రిత సంస్థ అయిన విప్రో ఫైనాన్షియల్ అవుట్‌సోర్సింగ్ సర్వీసెస్ లిమిటెడ్ (WFOSL) పాలసీ నిర్వహణ, క్లెయిమ్స్ ప్రాసెసింగ్, కస్టమర్ సేవలు, డేటా నిర్వహణ, మరియు నియంత్రణ సేవలను పర్యవేక్షిస్తుంది. ఫీనిక్స్ గ్రూప్ CEO ఆండి బ్రిగ్స్ విప్రో నైపుణ్యంపై నమ్మకాన్ని వ్యక్తం చేస్తూ, ఈ భాగస్వామ్యం రీఅష్యూర్ కస్టమర్లకు మెరుగైన సేవ మరియు విలువ అందిస్తుందని అన్నారు. విప్రో యూరప్ CEO ఓంకార్ నిసాల్, ఈ ఒప్పందం యుకె యొక్క జీవిత మరియు పెన్షన్ సేవల పరిశ్రమలో విప్రో స్థిర స్థానాన్ని మరింత బలపరిస్తుందని అన్నారు. విప్రో గ్లోబల్ టెక్నాలజీ [&hellip;]
- [EaseMyTrip Partners with Tourism New Zealand to Enhance Travel Access](https://angelnews.in/easemytrip-partners-with-tourism-new-zealand-to-enhance-travel-access/): EaseMyTrip’s partnership with Tourism New Zealand is a strategic step to facilitate travel between India and New Zealand. As an online travel platform, EaseMyTrip aims to provide Indian travelers with better access to New Zealand through curated travel packages, seasonal promotions, and streamlined booking solutions. This collaboration is expected to make travel more convenient and address common challenges such as cost and accessibility. New Zealand has been an attractive destination for Indian travelers due to its landscapes, adventure tourism, and cultural heritage. However, factors like high travel costs and limited connectivity have been barriers. By promoting travel during New Zealand’s autumn, [&hellip;]
- [NCC Limited Secures ₹10,804.56 Crore BharatNet Contracts from BSNL](https://angelnews.in/ncc-limited-secures-%e2%82%b910804-56-crore-bharatnet-contracts-from-bsnl/): NCC Limited has received two Advance Work Orders from Bharat Sanchar Nigam Limited (BSNL) on March 25, 2025, for the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network for BharatNet. These projects are assigned under Package No. 05 for the Uttarakhand Telecom Circle and Package No. 01 for the Madhya Pradesh, DNH &amp; DD Telecom Circles. The contracts have been awarded by a domestic entity, BSNL, under general contract conditions. The nature of work includes comprehensive network development and maintenance in the respective telecom circles. The execution timeline for both projects consists of three years for construction [&hellip;]
- [TVS Motor’s HLX Series Expands to 57 Countries, Hits 4 Million Sales](https://angelnews.in/tvs-motors-hlx-series-expands-to-57-countries-hits-4-million-sales/): TVS Motor Company has announced that its TVS HLX series has surpassed 4 million global sales. First launched in 2013 in Africa, the HLX range is now available in 57 countries across Latin America, Africa, and the Middle East. The motorcycle is widely used for personal transport, motorcycle taxis, and delivery services. The HLX series has undergone multiple updates to meet market needs. Features such as induction-hardened forks, alloy wheels, flexible turn signal lamps, tubeless tyres, and USB charging have been introduced over time. In regions like Africa, where motorcycles are commonly used for business, the HLX has been equipped with [&hellip;]
- [MapmyIndia Backed ClarityX Launches Places Pulse for Real-Time Search Insights](https://angelnews.in/mapmyindia-backed-clarityx-launches-places-pulse-for-real-time-search-insights/): Understanding consumer behavior in real-time is becoming increasingly important for businesses and policymakers. ClarityX, an AI-driven data analytics firm backed by the founders of MapmyIndia, has launched Places Pulse, a search analytics tool that tracks India’s movement trends. By analyzing anonymized search data, this tool provides insights into consumer demand, location intelligence, and market trends. Unlike traditional surveys and feedback mechanisms, it offers instant, data-driven insights for decision-making. Places Pulse analyzes 450M+ monthly records and 9GB of daily logs, turning search data into useful information. Users can track hyperlocal trends, monitor category-specific insights across various industries, and study time-based consumer behavior [&hellip;]
- [Kaynes Semicon Ships 900 Intelligent Power Modules under India Semiconductor Mission 1.0](https://angelnews.in/latestnews/kaynes-semicon-ships-900-intelligent-power-modules/): Kaynes Semicon Private Limited, a wholly owned subsidiary of Kaynes Technology India Limited, has achieved a major milestone in India’s semiconductor manufacturing journey. The company successfully rolled out and shipped 900 units of Intelligent Power Modules (IPM5) from its world-class OSAT (Outsourced Semiconductor Assembly and Test) facility in Sanand, Gujarat. This development marks India’s first commercially manufactured Multi-Chip Module (MCM) under the India Semiconductor Mission 1.0. The shipment was delivered to Alpha &amp; Omega Semiconductor (AOS), a global leader in power semiconductor design and manufacturing, headquartered in Sunnyvale, USA. The achievement reflects India’s growing capability in advanced semiconductor packaging and production. [&hellip;]
- [Angel One Posts ₹941 Crore Revenue and ₹212 Crore Profit in Q2 FY26](https://angelnews.in/stocknews/results/angel-one-q2-fy26-results/): Angel One Limited (NSE: ANGELONE, BSE: 543235) announced a strong financial performance for the second quarter of FY26, supported by robust client acquisition, product diversification, and the adoption of AI-driven technology to enhance efficiency. The company reported consolidated net revenue of ₹941 crore in Q2 FY26, up 5.6% quarter-on-quarter. Its EBDAT stood at ₹325 crore, a 67% QoQ increase, while maintaining an EBDAT margin of 34.5%. The profit after tax (PAT) rose sharply by 85% QoQ to ₹212 crore, reflecting operational efficiency and consistent business momentum. On an adjusted basis, PAT grew 10.1% QoQ. Strong Business Momentum Across Segments The total [&hellip;]
- [PVR INOX Expands in Siliguri with All-Laser 4-Screen Multiplex at ML Acropolis Mall](https://angelnews.in/stocknews/pvr-inox-all-laser-4-screen-multiplex-siliguri/): PVR INOX Limited, India’s largest and most premium multiplex chain, has announced the launch of its new all-laser 4-screen multiplex at ML Acropolis Mall in Siliguri. Developed under the company’s successful FOCO (Franchise Owned, Company Operated) model, the property enhances the brand’s presence in East India and marks its third cinema in Siliguri, taking the city’s total to 12 screens. Strategically located on Sevoke Road, the multiplex enjoys proximity to popular retail outlets such as Shoppers Stop, Nykaa, and KFC, and is easily accessible from key areas including Anandaloke Hospital and Siliguri Airport. Spread across 25,780 sq. ft., the new cinema [&hellip;]
- [Knowledge Marine & Engineering Works Limited to Operate Luxury Narmada Cruise Connecting Statue of Unity and Omkareshwar](https://angelnews.in/stocknews/kmew-luxury-cruise-statue-of-unity-omkareshwar/): Knowledge Marine &amp; Engineering Works Limited (KMEW) has received a Letter of Acceptance (LoA) from the Madhya Pradesh Tourism Board (MPTB) to build and operate a luxury cruise along the Narmada River for a period of 20 years. The route will connect Kukshi in Dhar district, Madhya Pradesh, with the Statue of Unity in Gujarat, covering approximately 135 kilometres. The official LoA was presented to KMEW during the Madhya Pradesh Travel Mart 2025 by Union Minister of Culture Gajendra Singh Shekhawat, Chief Minister of Madhya Pradesh Dr. Mohan Yadav, and Minister of State for Tourism Dharmendra Bhav Singh Lodhi in the [&hellip;]
- [Bharti Airtel and IBM Partner to Strengthen Airtel Cloud Capabilities](https://angelnews.in/stocknews/bharti-airtel-ibm-partnership-airtel-cloud/): Bharti Airtel, one of India’s leading telecommunications service providers, has announced a strategic partnership with IBM to enhance its recently launched Airtel Cloud platform. The collaboration is designed to combine Airtel’s telco-grade cloud infrastructure with IBM’s advanced hybrid cloud and AI technologies, aiming to deliver secure, scalable, and compliant cloud services for Indian enterprises. Under this partnership, Airtel Cloud customers will gain access to IBM’s Power Systems portfolio as-a-Service, including the latest IBM Power11 AI-ready servers. These servers are optimized for mission-critical applications in sectors such as banking, healthcare, and government, and support workloads like IBM Power AIX, IBM i, Linux, [&hellip;]
- [Hyundai Motor India Appoints Tarun Garg as Managing Director and CEO](https://angelnews.in/latestnews/hyundai-tarun-garg-md-ceo/): Hyundai Motor India Limited (HMIL) has announced the appointment of Tarun Garg as its next Managing Director and Chief Executive Officer, effective January 1, 2026, pending shareholder approval. The move marks a historic moment for the automaker, as Garg becomes the first Indian national to lead the company in its 29-year history. Garg, who currently serves as Whole-time Director and Chief Operating Officer, will succeed Unsoo Kim. Following the leadership transition, Kim will take on a strategic role at Hyundai Motor Company (HMC) in South Korea. José Muñoz, President and CEO of Hyundai Motor Company, said that Garg’s appointment represents a [&hellip;]
- [భారతి ఎయిర్టెల్ - గూగుల్ భాగస్వామ్యం; విశాఖపట్నంలో భారతదేశపు మొదటి మెగా AI హబ్ మరియు డేటా సెంటర్](https://angelnews.in/telugu-news/airtel-google-ai-hub-visakhapatnam/): భారతి ఎయిర్టెల్ లిమిటెడ్ గూగుల్‌తో వ్యూహాత్మక భాగస్వామ్యాన్ని ప్రకటించింది, దీనిద్వారా ఆంధ్రప్రదేశ్‌లోని విశాఖపట్నంలో దేశంలోనే మొదటి పెద్ద స్థాయి ఆర్టిఫిషియల్ ఇంటెలిజెన్స్ (AI) హబ్ మరియు డేటా సెంటర్‌ను ఏర్పాటు చేయనున్నారు. ఈ భాగస్వామ్యం ద్వారా దేశవ్యాప్తంగా AI వినియోగాన్ని వేగవంతం చేయడం మరియు భారతదేశ డిజిటల్ మౌలిక సదుపాయాలను మరింత బలపరచడం లక్ష్యంగా ఉంది. గూగుల్ ఈ ప్రాజెక్ట్‌లో 2026 నుండి 2030 వరకు ఐదు సంవత్సరాల కాలంలో సుమారు 15 బిలియన్ అమెరికన్ డాలర్లు పెట్టుబడి పెట్టనుంది. ఈ ప్రణాళికలో గిగావాట్ స్థాయి డేటా సెంటర్ ఆపరేషన్లు, సబ్‌సీ నెట్‌వర్క్ మరియు క్లీన్ ఎనర్జీ మౌలిక సదుపాయాలు ఉన్నాయి. ఈ ప్రాజెక్ట్‌ను ఎయిర్టెల్ మరియు అదానీ కానెక్స్ వంటి భాగస్వాములతో కలిసి అభివృద్ధి చేయనున్నారు. ఎయిర్టెల్ మరియు గూగుల్ సంయుక్తంగా ప్రత్యేకంగా రూపొందించిన డేటా సెంటర్ మరియు కేబుల్ ల్యాండింగ్ స్టేషన్ (CLS) ను విశాఖపట్నంలో నిర్మించనున్నారు. ఈ స్టేషన్ [&hellip;]
- [Tata Motors Limited Changes Name to Tata Motors Passenger Vehicles Limited After NCLT Approval](https://angelnews.in/latestnews/tata-motors-renamed-as-tata-motors-passenger-vehicles-limited/): Tata Motors Limited has officially rebranded itself as Tata Motors Passenger Vehicles Limited, following the approval and implementation of its Composite Scheme of Arrangement involving its subsidiaries and shareholders. In a regulatory filing to the BSE and NSE, the company informed that the Ministry of Corporate Affairs (MCA) issued a Fresh Certificate of Incorporation on October 13, 2025, confirming the change in the company’s name. The move follows the Composite Scheme sanctioned by the National Company Law Tribunal (NCLT), Mumbai Bench, through orders dated August 25, 2025, and September 10, 2025. As per the disclosure, the company’s Memorandum and Articles of [&hellip;]
- [KFin Technologies Acquires 51% Stake in Ascent Fund Services for USD 35 Million](https://angelnews.in/stocknews/acquisition/kfintech-acquires-51-percent-stake-in-ascent-fund-services/): KFin Technologies Limited (KFintech), a leading financial technology solutions provider, announced the completion of its USD 34.68 million investment to acquire a 51% controlling stake in Ascent Fund Services (Singapore) Pte. Ltd. This strategic acquisition marks KFintech’s entry into the global fund administration industry, positioning it as a key player in international asset management services. Ascent Fund Services, one of the fastest-growing global fund administrators, reported a three-year CAGR of 33% with annual revenue of USD 17.5 million for the financial year ending July 31, 2025. The company oversees more than USD 26 billion in assets under administration (AUA) and serves [&hellip;]
- [HCLTech Posts Strong Q2 FY26 Results with 10.7% YoY Revenue Growth and Record AI Momentum](https://angelnews.in/stocknews/results/hcltech-q2fy26-results-ai-growth/): HCL Technologies Ltd (HCLTech) announced robust financial performance for the second quarter of FY26, driven by steady revenue growth, expanding margins, and strong momentum in AI-led services. The IT major’s revenue rose 10.7% year-on-year to ₹31,942 crore, marking a sequential growth of 5.2%. In constant currency terms, revenue increased by 2.4% quarter-on-quarter and 4.6% year-on-year. Dollar revenue stood at $3,644 million, reflecting a 5.8% YoY growth. Profitability improved during the quarter with EBIT at ₹5,550 crore, representing a margin of 17.4%, up 12.3% sequentially. Net income was ₹4,235 crore, maintaining a margin of 13.3%. The company also announced a dividend of [&hellip;]
- [Aimtron Electronics Strengthens Aerospace Presence with AS9100D Certification and New Orders](https://angelnews.in/stocknews/aimtron-electronics-as9100d-certification-defense-uav-orders/): Aimtron Electronics Limited announced that it has received the AS9100D certification, a globally recognized standard for quality management in aerospace, aviation and defense industries. Along with this achievement, the company has also secured new defense and UAV orders, including projects from a Navratna PSU in defense communication and electronic warfare systems, as well as from leading Indian Unmanned Aerial Vehicle (UAV) solution providers. The development strengthens Aimtron’s position in India’s fast-growing defense and aerospace electronics ecosystem. The AS9100D certification places Aimtron among a select group of Indian Electronics System Design and Manufacturing (ESDM) companies that meet international quality and reliability standards. [&hellip;]
- [Allcargo Logistics Secures NCLT Approval for Business Restructuring, to Create Separate Listed Entities for Domestic and Global Operations](https://angelnews.in/stocknews/allcargo-logistics-nclt-approves-restructuring-allcargo-global-demerger/): Allcargo Logistics Limited, India’s largest integrated logistics solutions provider, announced that the National Company Law Tribunal (NCLT), Mumbai Bench, has approved its Composite Scheme of Arrangement under Sections 230 to 232 of the Companies Act, 2013. This approval finalizes the company’s restructuring plan, separating its international and domestic logistics operations into distinct listed entities. Under the approved scheme, Allcargo Logistics’ International Supply Chain business will be demerged into a new listed entity named Allcargo Global Limited. Meanwhile, the domestic express and contract logistics operations—currently managed under Allcargo Gati, Gati Express &amp; Supply Chain, and Allcargo Supply Chain—will be consolidated under Allcargo [&hellip;]
- [Concord Control Systems Board Approves Investment to Acquire 46.5% Stake in Progota India for Kavach 4.0 Expansion](https://angelnews.in/stocknews/acquisition/concord-control-systems-board-approves-progota-investment-kavach-4/): Concord Control Systems Limited (BSE: CNCRD), a leading manufacturer of embedded electronic systems and critical electronic solutions, announced that its Board of Directors has approved an investment proposal to acquire up to 46.5% equity shares in Progota India Private Limited. The proposed investment is aimed at strengthening the company’s involvement in the development and large-scale deployment of Kavach 4.0, India’s indigenous Automatic Train Protection (ATP) technology. The initiative aligns with the Atmanirbhar Bharat and Make-in-India missions, emphasizing domestic innovation in rail safety and automation. According to the company’s press release, this strategic move focuses on expanding the reach and supply capabilities [&hellip;]
- [Viviana Power Tech Signs ₹2,448 Crore MoUs with Government of Gujarat at VGRC 2025](https://angelnews.in/india-investment-news/gujarat-investment-news/viviana-power-tech-mou-gujarat-vgrc-2025/): Viviana Power Tech Limited has announced the signing of multiple Memorandums of Understanding (MoUs) with the Government of Gujarat, valued at ₹2,448 crore, during the inaugural day of the Vibrant Gujarat Regional Conference (VGRC) 2025). The agreements encompass the design, supply, and execution of substations, power transmission and distribution systems, along with renewable energy projects, smart grid upgrades, and the manufacturing and supply of transformers. The company stated that these initiatives will support Gujarat’s renewable energy and infrastructure expansion goals while strengthening the state’s power transmission network. The MoUs also include projects under Viviana’s subsidiary, Aarsh Transformers Private Limited, valued at [&hellip;]
- [Arattai and India’s Digital Future: Can Homegrown Apps Compete with Global Tech Giants?](https://angelnews.in/opinion/arattai-india-digital-future-homegrown-apps/): India is one of the world’s largest digital economies, home to over 850 million internet users. Yet, the platforms that define Indian online life — Google for search, YouTube for video, WhatsApp for communication, and Instagram for social interaction — are all foreign-owned. This dependence on external technology highlights a deeper imbalance. India produces the talent that powers Silicon Valley, but it still relies on foreign tools to run its own digital life. The question is no longer whether India can code — it’s whether India can own what it codes. To build a self-reliant digital ecosystem, India must shift its [&hellip;]
- [Zen Technologies Secures ₹37 Crore Order from Ministry of Defence for Advanced Anti-Drone Systems](https://angelnews.in/indianews/defence-news/zen-technologies-rs37-crore-ministry-of-defence-anti-drone-systems/): Zen Technologies Limited has announced that it has received an order worth approximately ₹37 crore from the Ministry of Defence, Government of India, for the supply of advanced anti-drone systems equipped with Hard Kill capabilities. The order marks a significant step in the company’s continued partnership with India’s defence forces and reinforces its leadership in the Counter-Unmanned Aerial Systems (C-UAS) sector. The contract is expected to be executed within the next 12 months. The company’s advanced anti-drone systems are designed to detect, track, and neutralise hostile unmanned aerial threats through a combination of sensor fusion, electronic warfare, and kinetic response technologies. [&hellip;]
- [NDTV’s Rights Issue Oversubscribed 1.11x, Raises ₹396.49 Crore for Expansion and Debt Reduction](https://angelnews.in/latestnews/ndtv-rights-issue-oversubscribed-raises-396cr/): New Delhi Television Limited (NDTV), a leading Indian news broadcaster and digital media company, has successfully concluded its Rights Issue, raising ₹396.49 crore. The issue garnered applications for 5.36 crore shares against 4.83 crore shares on offer, resulting in an oversubscription of 1.11 times. Following the allotment, NDTV’s total equity share capital has increased from 6.45 crore shares to 11.28 crore shares. The promoter group’s shareholding has risen from 64.71% to 69.02%, while public shareholding now stands at 30.98%. According to the company, proceeds from the Rights Issue will be deployed to strengthen NDTV’s distribution footprint in India and internationally, invest [&hellip;]
- [Waaree Renewable Technologies Achieves ₹774.78 Crore Revenue and 117% YoY PAT Growth in Q2 FY26](https://angelnews.in/stocknews/results/waaree-renewable-technologies-q2-results-fy26/): Waaree Renewable Technologies Limited (WRTL), a subsidiary of Waaree Energies Limited, announced its unaudited financial results for the quarter and half year ended September 30, 2025. The company reported its highest-ever quarterly performance driven by strong execution capabilities and sustained sectoral growth. For Q2 FY26, WRTL’s revenue from operations stood at ₹774.78 crore, a 47.73% increase from ₹524.47 crore in the same period last year. The company’s EBITDA rose 120.69% YoY to ₹157.94 crore, while PAT surged 117.40% to ₹116.34 crore, highlighting improved operational efficiency. EBITDA and PAT margins improved to 20.39% and 15.02%, respectively. During the first half of FY26, [&hellip;]
- [KP Group to Invest ₹8,000 Crore in Hydrogen and EV Fuel Network Across Gujarat](https://angelnews.in/stocknews/investment-news/kp-group-hydrogen-ev-fuel-network-gujarat/): KP Group, a Gujarat-based renewable energy and infrastructure conglomerate, has entered into a Memorandum of Understanding (MoU) with the Government of Gujarat to establish Hydrogen and Electric Vehicle (EV) fuel stations across the state. The agreement was formalized during the Vibrant Gujarat Regional Conference 2025 (North Region) held at Ganpat University, Mehsana. The MoU, signed on October 9, 2025, aims to strengthen Gujarat’s clean energy and e-mobility ecosystem. Representing KP Group, Whole-Time Director Mr. Affan Patel signed the agreement, while Smt. Bhakti Shamal, Joint Secretary of the Energy &amp; Petrochemicals Department, represented the Government of Gujarat. The signing ceremony took place [&hellip;]
- [SpiceJet Adds Airbus A340 and Two Boeing 737s to Fleet, Targets Big Winter Expansion](https://angelnews.in/latestnews/spicejet-fleet-expansion-airbus-a340-boeing-737s/): SpiceJet has expanded its fleet by adding three new aircraft—an Airbus A340 wide-body and two Boeing 737s—marking the start of a large-scale winter expansion. The move aims to meet growing travel demand during the festive season. The newly inducted aircraft will begin operations between October 10 and 11. As part of this plan, the airline will add 20 aircraft between October and November 2025 under a damp lease model. In addition, four grounded aircraft will return to service by mid-December, further boosting capacity. SpiceJet aims to more than double its operational fleet and triple its available seat kilometers (ASKM) by December [&hellip;]
- [LG Electronics India IPO Closes With 54x Subscription, Retail Portion at 3.54x](https://angelnews.in/iponews/lg-electronics-india-ipo-closes-with-54x-subscription-retail-portion-at-3-54x/): The initial public offering (IPO) of LG Electronics India Ltd concluded with overwhelming demand, recording an overall subscription of 54.02 times on the final day, according to data from the BSE. The Qualified Institutional Buyers (QIBs) segment saw the highest participation, subscribing 166.51 times, with bids received for 3,38,36,21,748 shares against 2,03,21,026 shares reserved. The strong interest was led by foreign and domestic institutional investors as well as mutual funds. The Non-Institutional Investors (NIIs) category also witnessed strong traction, subscribing 22.44 times, with bids for 34,20,38,045 shares compared to 1,52,40,770 shares on offer. Within this, bids above ₹10 lakh were subscribed [&hellip;]
- [MosChip Technologies Launches AgenticSky to Accelerate Agentic AI Solutions for Next-Gen Products](https://angelnews.in/latestnews/moschip-agenticsky-launch-agentic-ai-solutions/): MosChip Technologies Limited, a Hyderabad-based silicon and product engineering company, announced the launch of AgenticSky, a suite of Agentic AI accelerators and solutions aimed at helping Original Equipment Manufacturers (OEMs) build adaptive and intelligent next-generation products. AgenticSky is designed to address the growing demand for AI-driven autonomy and adaptability in devices and machines. It offers reusable, configurable accelerators called AgenticSky Cores, including VisionCore for visual intelligence, HMICore for human-machine interaction, ControllerCore for device optimization, and WearableCore for continuous health and lifestyle monitoring. These cores are powered by the AgenticSky Fabric, a reconfigurable four-layer AI framework enabling products to perceive, interpret, decide, [&hellip;]
- [Netweb Technologies and Bud Ecosystem Partner to Build Affordable AI Infrastructure for India](https://angelnews.in/latestnews/netweb-technologies-bud-ecosystem-affordable-ai-infrastructure-india/): Netweb Technologies India Limited (Netweb), a leading Indian manufacturer of high-end computing solutions, has partnered with Bengaluru-based AI research and product company Bud Ecosystem to co-develop affordable and localized AI infrastructure solutions for the Indian market. This strategic collaboration integrates Netweb’s capabilities in scalable, high-performance, and energy-efficient computing with Bud Ecosystem’s AI foundry software stack. Together, they aim to create ready-to-deploy AI systems suited for diverse sectors, including education, healthcare, retail, agriculture, and small enterprises. Under the initiative, both companies will introduce AI-in-a-Box systems — modular, pre-configured solutions that combine optimized hardware and software to deliver AI capabilities even in regions [&hellip;]
- [Eicher Motors’ VECV to Invest ₹544 Crore to Manufacture Volvo Group’s 12-Speed Automated Manual Transmission in India](https://angelnews.in/stocknews/ve-commercial-vehicles-invests-544-crore-volvo-amt-india/): VE Commercial Vehicles Ltd (VECV), a joint venture between Volvo Group and Eicher Motors Ltd, has announced an investment of ₹544 crore (approximately 576 million Swedish Krona) to establish a new facility for the production of Volvo Group’s advanced 12-speed Automated Manual Transmission (AMT). The plant will be located at Vikram Udyogpuri Integrated Industrial Township, near Ujjain in Madhya Pradesh. The investment marks a new milestone in the 18-year partnership between Volvo Group and Eicher Motors, strengthening India’s position as a global manufacturing hub for Volvo’s components. VECV’s Pithampur facility has been producing Volvo’s 5-litre and 8-litre engines since 2013 for [&hellip;]
- [PVR INOX Unveils India’s First Luxury Dine-In Cinema at Bengaluru’s M5 ECity Mall](https://angelnews.in/latestnews/pvr-inox-luxury-dine-in-cinema-bengaluru/): PVR INOX Limited has introduced India’s first luxury dine-in cinema at the newly opened M5 ECity Mall in Bengaluru, marking a significant milestone in the country’s film exhibition landscape. This new concept combines blockbuster entertainment with fine dining, creating a unique experience where guests can enjoy gourmet meals curated by professional chefs—without leaving their seats. The dine-in format transforms the traditional movie-going experience into a full-fledged lifestyle event, allowing patrons to choose from a diverse menu of in-house food and beverage brands. Offerings include Crosta for artisanal pizzas, Cine Café for coffee and light snacks, Wokstar for Asian street food, and [&hellip;]
- [GRSE Signs MoU with Centum Electronics to Develop Advanced Naval Navigation Systems](https://angelnews.in/grse-mou-centum-electronics-advanced-naval-navigation-systems/): Garden Reach Shipbuilders &amp; Engineers Ltd. (GRSE), a leading Defence Public Sector Undertaking under the Ministry of Defence, has signed a Memorandum of Understanding (MoU) with Bengaluru-based Centum Electronics Ltd to jointly develop advanced naval navigation systems for the Indian Navy. The MoU was signed at GRSE Bhavan, Kolkata, by Cdr Shantanu Bose, IN (Retd), Director (Shipbuilding) of GRSE, and Shri Nikhil Mallavarapu, Joint Managing Director of Centum Electronics, in the presence of Cmde PR Hari, IN (Retd), Chairman &amp; Managing Director of GRSE, and Shri Apparao V Mallavarapu, Chairman &amp; Managing Director of Centum Electronics. The partnership aims to foster [&hellip;]
- [DreamFolks Partners with The Card Company and WSFx Global Pay to Enhance Premium Travel and Lifestyle Access](https://angelnews.in/latestnews/dreamfolks-partners-the-card-company-wsfx-wallet-alpha-launch/): DreamFolks Services Limited, India’s leading airport and lifestyle experience aggregator, announced two major strategic partnerships at the Global Fintech Festival 2025. The company joined hands with The Card Company (TCC) and WSFx Global Pay Limited to expand its portfolio of travel, lifestyle, and fintech-driven experiences for Indian consumers. In collaboration with The Card Company, DreamFolks launched Wallet α (Alpha) — India’s first premium wallet integrating travel, lifestyle, and entertainment benefits directly on prepaid payment instrument (PPI) rails. The product aims to make privileges, traditionally limited to credit card holders, accessible to a broader consumer base. Wallet α offers users exclusive packages [&hellip;]
- [Nazara’s Fusebox Games and All3Media International to Launch ‘The Traitors’ Interactive Mobile Game in 2026](https://angelnews.in/indianews/esports-gaming/nazara-fusebox-games-the-traitors-interactive-game-2026/): Nazara Technologies’ UK-based subsidiary Fusebox Games has partnered with All3Media International to launch The Traitors: Interactive Game, an upcoming mobile game inspired by the global reality competition series The Traitors. The title is set to debut in 2026 on iOS and Android devices. Fusebox Games, known for its popular titles such as Love Island: The Game and Big Brother: The Game, has acquired the global interactive rights to the format. The upcoming release will let players experience the thrill of strategy, deception, and betrayal through immersive storytelling and decision-based gameplay. The collaboration forms part of All3Media International’s broader licensing expansion for [&hellip;]
- [Infibeam Avenues-Backed Phronetic AI Launches PayCentral.ai, India’s First Agentic Payment Platform](https://angelnews.in/stocknews/infibeam-avenues-backed-phronetic-ai-launches-paycentral-ai-agentic-payment-platform/): Phronetic AI, an artificial intelligence company backed by Infibeam Avenues Ltd, has announced the launch of PayCentral.ai, India’s first Agentic Payment Platform that allows AI agents to perform secure and autonomous financial transactions on behalf of merchants and enterprises. Developed as an intelligent payment infrastructure, PayCentral.ai integrates seamlessly with existing payment gateways and platforms to deliver faster, automated, and intelligent payment experiences. The platform marks a major step toward the evolution of Agent-to-Agent (A2A) payments in the country. Built on Google’s Agent Payment Protocol (AP2), PayCentral.ai is designed to operate across multiple Merchant Control Panels (MCPs) of RBI-approved payment aggregators, beginning [&hellip;]
- [Tata Capital IPO Sees 75% Subscription on Day Two; Retail Portion at 0.67 Times](https://angelnews.in/iponews/tata-capital-ipo-retail-subscription-day-two-0-67-times/): The Tata Capital Ltd initial public offering (IPO) witnessed 75% overall subscription by the end of the second day of bidding on October 7, as per data released by the BSE. The IPO received bids for 24,96,66,472 shares against the total offer size of 33,34,36,996 shares. The Qualified Institutional Buyers (QIBs) segment saw a subscription of 0.86 times, with participation from foreign institutional investors, domestic financial institutions, mutual funds, and others. Non-Institutional Investors (NIIs) subscribed 0.76 times, while the sub-category for bids between ₹2 lakh and ₹10 lakh registered slightly higher demand at 1.05 times. The retail portion, representing Retail Individual [&hellip;]
- [CONCOR Partners with UltraTech Cement for Sustainable Rail-Based Cement Transportation](https://angelnews.in/latestnews/concor-ultratech-cement-rail-logistics/): Container Corporation of India Ltd. (CONCOR), a Navratna PSU under the Ministry of Railways, has entered into a strategic partnership with UltraTech Cement Ltd., India’s largest cement producer. The collaboration focuses on transporting bulk cement using specialized tank containers, marking a major milestone in India’s transition towards sustainable, rail-based logistics. As part of the agreement, CONCOR will deploy dedicated rakes across key rail corridors to facilitate bulk cement movement. This initiative is designed to shift large-scale cement transportation from road to rail, offering a more efficient and environmentally friendly logistics solution. The move aligns with India’s vision for sustainable logistics and [&hellip;]
- [DreamFolks Launches Exclusive Club Memberships, Expanding Beyond Travel](https://angelnews.in/stocknews/dreamfolks-launches-exclusive-club-memberships-expanding-beyond-travel/): DreamFolks Services Limited, India’s travel and lifestyle experiences provider, has announced the launch of its all-new DreamFolks Club Memberships at the Global Fintech Fest 2025 in Mumbai. The initiative signifies a major step beyond traditional travel offerings, aiming to provide consumers with access to a wide range of lifestyle, leisure, and wellness privileges previously limited to a select few. The DreamFolks Club Memberships consolidate both anchor and value-added services into one unified platform. Anchor services include members-only social clubs, global lounges, and golf games with lessons. Value-added offerings range from coffee privileges at malls and highway dining to OTT subscriptions, salon [&hellip;]
- [Proximus Global Unveils Konera API Platform at GFF 2025 with Route Mobile Supporting India Rollout](https://angelnews.in/latestnews/proximus-global-launches-konera-network-api-platform-route-mobile-india-expansion/): Proximus Global, a leading digital communications company and a frontrunner in network API solutions, has launched its global network API aggregation platform, Konera, at the Global Fintech Fest (GFF) 2025 held in Mumbai. The innovative platform connects mobile operators, enterprises, and developers under a single API ecosystem, enabling seamless global connectivity and enhanced communication capabilities. Konera, a combination of the words “connection” and “era,” is designed in alignment with the GSMA’s CAMARA standardization initiative. It bridges the gap between networks and applications by integrating APIs from multiple mobile network operators (MNOs) into one unified platform. This enables enterprises and developers to [&hellip;]
- [Ather Energy Crosses 5,00,000 Electric Scooter Production Milestone with Rizta Rollout](https://angelnews.in/stocknews/ather-energy-500000-electric-scooter-milestone-rizta/): Ather Energy Limited, one of India’s leading electric two-wheeler manufacturers, has achieved a significant production milestone with the rollout of its 5,00,000th electric scooter from its Hosur manufacturing facility in Tamil Nadu. The milestone vehicle was Ather’s popular family model, the Rizta, which has quickly emerged as one of the company’s strongest growth drivers since its launch in 2024. Within just a year of its launch, the Ather Rizta has become a central pillar of the company’s growth, contributing to more than one-third of total production volumes. The company has also been expanding its retail presence across tier 2 and tier [&hellip;]
- [Ola Electric Becomes India’s First OEM to Get Government Certification for In-House Developed Ferrite Motor](https://angelnews.in/latestnews/ola-electric-ferrite-motor-certification/): Ola Electric has become India’s first automotive original equipment manufacturer (OEM) to receive government certification for its in-house developed ferrite motor. The innovation marks a major milestone in India’s EV industry by removing reliance on rare-earth materials used in conventional motors. The certification was issued by the Global Automotive Research Centre (GARC), Tamil Nadu, after rigorous performance and power testing under AIS 041 standards, as notified by the Ministry of Road Transport, Government of India. Ola Electric’s ferrite motor delivers efficiency and power equivalent to rare-earth permanent magnet motors, particularly in its 7kW and 11kW variants. The motor was first introduced [&hellip;]
- [Angel One Business Update: Client Base Reaches 34 Million in Q2 FY26](https://angelnews.in/stocknews/angel-one-business-update-client-base-reaches-34-million-in-q2-fy26/): Angel One Limited (NSE: ANGELONE, BSE: 543235) released its business performance update for September 2025 and the second quarter of FY26, reporting solid client growth, higher funding activity, and an expanding retail presence across multiple trading segments. The company’s total client base stood at 34.08 million as of September 2025, marking a 4.9% sequential rise and 24% growth compared to the previous year. During the quarter, gross client acquisition reached 1.74 million, reflecting a 12.2% increase over Q1 FY26, even as it remained lower than the 2.99 million clients added in Q2 FY25. Angel One’s average client funding book grew by [&hellip;]
- [Panacea Biotec Wins UNICEF Contract Worth $35.65 Million for Oral Polio Vaccine Supply](https://angelnews.in/stocknews/panacea-biotec-unicef-oral-polio-vaccine-contract-2026/): Panacea Biotec Limited has announced that it has received a Letter of Award from UNICEF for a long-term agreement to supply bivalent oral polio vaccine (bOPV). The contract, valued at approximately US$ 35.65 million (around ₹315 crore), is linked to supply during the second quarter of calendar year 2026 (Q2 CY2026) and CY2027. The agreement will run from April 1, 2026, to March 31, 2030. Under this arrangement, Panacea Biotec will provide bOPV in 10- and 20-vial presentations. UNICEF, as part of its procurement transparency, will publish supplier details, vaccine presentations, award value, and annual pricing on its official website. The [&hellip;]
- [Goodluck India Subsidiary Granted License for Artillery Shell Manufacturing](https://angelnews.in/latestnews/goodluck-india-subsidiary-granted-license-for-artillery-shell-manufacturing/): Goodluck India Limited, a leading engineering and manufacturing group, announced that its subsidiary Goodluck Defence &amp; Aerospace Limited has secured an industrial license under the Indian Arms Act, 1959, to produce medium-caliber artillery shells. The license covers a wide range of shells including 105mm, 120mm, 125mm, 130mm and 155mm variants such as HE M107, ERFB, ERFB BB and ERFB BIT. With an initial capacity of 150,000 shells annually, the company is preparing to begin trial production in the third quarter of FY26 before scaling up to full commercial operations. The development strengthens Goodluck Defence’s position in India’s defence manufacturing ecosystem and [&hellip;]
- [Paras Defence Subsidiary Secures Rs. 46.19 Crore Ministry of Defence Order for Anti-Drone Systems](https://angelnews.in/stocknews/order-wins/paras-defence-subsidiary-rs-46-19-crore-mod-anti-drone-order/): Paras Anti-Drone Technologies Private Limited, a subsidiary of Paras Defence and Space Technologies Limited, has secured an order worth approximately Rs. 46.19 crore from the Ministry of Defence, Government of India. The contract covers the supply of Anti-Drone Systems, including Drone Jammers, aimed at strengthening defence capabilities against emerging aerial threats. According to the company’s filing with BSE and NSE, the order is expected to be executed by March 2026. The Ministry of Defence, as the awarding authority, has placed the order as part of its efforts to enhance national security infrastructure. The deal does not fall under related-party transactions, and [&hellip;]
- [TBO Tek Completes $125 Million Acquisition of Classic Vacations, Strengthens Presence in U.S. Luxury Travel Market](https://angelnews.in/stocknews/acquisition/tbo-tek-completes-classic-vacations-acquisition-125-million/): TBO Tek Limited (BSE: 544174; NSE: TBOTEK), a global travel distribution platform headquartered in Gurugram, India, has announced the successful completion of its acquisition of Classic Vacations, LLC, a U.S.-based luxury travel company. The acquisition, valued at $125 million including closing adjustments, was finalized by TBO LLC, a wholly owned step-down subsidiary of TBO Tek. Classic Vacations was previously owned by Phoenix-based investment firm The Najafi Companies. Following the transaction, Classic Vacations will operate as a material step-down subsidiary of TBO Tek Limited. The company will continue to function as an independent brand under the leadership of CEO Melissa Krueger, maintaining [&hellip;]
- [Goodluck India Signs Tripartite MoU with BrahMos Aerospace and Axiscades to Jointly Bid for DRDO’s AMCA Programme](https://angelnews.in/indianews/defence-news/goodluck-india-brahmos-axiscades-mou-amca-programme/): Goodluck India Limited has entered into a strategic tripartite Memorandum of Understanding (MoU) with BrahMos Aerospace Thiruvananthapuram Ltd (BATL) and Axiscades Technologies Ltd to jointly participate in the Advanced Medium Combat Aircraft (AMCA) programme. The agreement, signed on September 30, 2025, enables the consortium to bid for the Expression of Interest (EoI) floated by the Aeronautical Development Agency (ADA) under the Defence Research and Development Organisation (DRDO). The initiative is a step forward in India’s push for indigenous defence manufacturing under the government’s Atmanirbhar Bharat vision. The AMCA, a fifth-generation stealth fighter aircraft being developed by ADA, will feature advanced avionics, [&hellip;]
- [Indegene Acquires BioPharm for $106 Million to Strengthen AI-Driven Pharma Marketing](https://angelnews.in/stocknews/acquisition/indegene-acquires-biopharm-106m-ai-pharma-marketing/): Bengaluru / Princeton / New Hope, October 1, 2025 – Indegene Limited has completed the acquisition of BioPharm Parent Holding, Inc. and its subsidiaries for up to USD 106 million, the company announced. The transaction was carried out through Indegene Ireland Limited and is structured as an all-cash deal with deferred, performance-based consideration. BioPharm, headquartered in Pennsylvania, is a specialized healthcare marketing and communications agency that provides data-driven, omnichannel engagement solutions for pharmaceutical and biotech clients. From a financial perspective, BioPharm reported unaudited revenues of USD 38.13 million in FY2024, compared to USD 35.97 million in 2023 and USD 40.89 million [&hellip;]
- [L&T Technology Services Secures $100 Million Multi-Year Deal from US Industrial Equipment Manufacturer](https://angelnews.in/stocknews/ltts-100-million-deal-us-industrial-equipment-manufacturer/): L&amp;T Technology Services Limited (LTTS), a global provider of AI, digital, and engineering R&amp;D (ER&amp;D) consulting services, has announced a $100 million multi-year agreement with a US-based industrial equipment manufacturer operating in the semiconductor value chain. The deal strengthens LTTS’ Sustainability segment and focuses on driving innovation, automation, and AI-enabled transformation in product engineering and operations. Under the agreement, LTTS will support the client in new product development, sustenance engineering, value engineering, and platform automation. The company will also establish a Center of Excellence (CoE) to accelerate innovation, simplify platforms, enhance application engineering, and enable a shift toward AI-driven digital operations. [&hellip;]
- [TVS Supply Chain Solutions Expands U.S. Operations With New Iowa Facility, Targets $500 Million Revenue](https://angelnews.in/worldnews/tvs-supply-chain-solutions-iowa-facility-500m-revenue/): Waterloo, Iowa/Chennai, September 30, 2025 – TVS Supply Chain Solutions Limited (TVS SCS), a leading global supply chain management company, announced the inauguration of its new 225,000-square-foot automated facility in Waterloo, Iowa, as part of its North American growth strategy. The company’s wholly owned subsidiary, TVS SCS North America, is aiming to scale up to a $500 million revenue business, building on a consistent 20% compound annual growth rate (CAGR) over the past four years. The state-of-the-art facility is equipped with advanced robotics and automation technology to enhance efficiency and service delivery. With 95% of its capacity already committed, the site [&hellip;]
- [RBL Bank Partners with LIC to Expand Bancassurance Network](https://angelnews.in/stocknews/rbl-bank-partners-with-lic-to-expand-bancassurance-network/): RBL Bank Limited has announced a strategic bancassurance partnership with Life Insurance Corporation of India (LIC), the country’s largest life insurer. The tie-up will allow RBL Bank customers to access LIC’s wide portfolio of life insurance products through the bank’s branches and digital platforms. Bancassurance is a partnership between a bank and an insurance company, allowing customers to buy insurance products directly through the bank’s branches or digital channels. Senior officials from both RBL Bank and LIC were present during the announcement of the agreement. The collaboration is aimed at expanding financial protection, strengthening insurance penetration across India, and supporting the [&hellip;]
- [Ice Make Refrigeration Plans ₹150 Crore Capex to Drive Expansion](https://angelnews.in/stocknewsindia/small-cap-stock-news/icemakerefrigeration-plans-150cr-capex/): Ice Make Refrigeration Limited (NSE: ICEMAKE), a refrigeration solutions provider, announced strong FY25 results and outlined its expansion strategy at the company’s 16th Annual General Meeting. The company reported revenue of ₹480 crore in FY25, compared with ₹88 crore in FY17, registering an eight-year CAGR of 23.62%. Net profit rose to ₹22.9 crore, reflecting a CAGR of 20.95% over the same period. Its order book stood at ₹175 crore, offering clear revenue visibility. Chairman and Managing Director Chandrakant Patel said the company is targeting ₹1,000 crore in revenue by FY27–28. To support this goal, Ice Make has already completed ₹100 crore [&hellip;]
- [IRFC Signs Funding Agreements Worth Over ₹16,000 Crore with HPGCL and MAHAGENCO for Power Projects](https://angelnews.in/latestnews/irfc-inks-16000-crore-funding-deals-hpgcl-mahagenco-power-projects/): Indian Railway Finance Corporation (IRFC) has entered into two major loan agreements collectively valued at more than ₹16,000 crore to support thermal power projects in Haryana and Maharashtra. In Panchkula, IRFC signed a ₹5,929 crore term loan agreement with Haryana Power Generation Corporation Limited (HPGCL) to finance the 800 MW (third unit) supercritical thermal project at the Deenbandhu Chhotu Ram Thermal Power Plant (DCRTPP) in Yamunanagar. The project is expected to strengthen Haryana’s electricity supply for households, industries, and agriculture while enhancing the state’s generation capacity through modern, efficient technology. On the same day in New Delhi, IRFC finalised a separate [&hellip;]
- [Zaggle Approves 100% Acquisition of Greenedge Enterprises for ₹25 Crore, Plans Additional ₹25 Crore Investment](https://angelnews.in/stocknews/acquisition/zaggle-approves-100-percent-acquisition-of-greenedge-enterprises-for-25-crore/): Zaggle Prepaid Ocean Services Limited has announced that its Board of Directors has approved the acquisition of a 100 percent equity stake in Greenedge Enterprises Private Limited for a consideration of up to ₹25 crore. Alongside this, the company has also approved an additional investment of up to ₹25 crore in Greenedge, which will be made in one or more tranches. The acquisition will be executed through a Share Purchase Agreement, while the investment will be carried out under a Share Subscription Agreement. The transactions are expected to be completed within 45 days, and both will be funded entirely through cash [&hellip;]
- [Tata Power Partners with VE Commercial Vehicles to Boost Adoption of Electric Trucks and Buses](https://angelnews.in/latestnews/tata-power-partners-with-ve-commercial-vehicles-to-boost-adoption-of-electric-trucks-and-buses/): Mumbai, September 29, 2025: Tata Power EV Charging Solutions Limited (TPEVCSL), a subsidiary of Tata Power Renewable Energy Limited, has entered into a strategic partnership with VE Commercial Vehicles Limited (VECV) to accelerate the adoption of electric commercial vehicles in India. The collaboration aims to support truck and bus operators transitioning to sustainable mobility solutions. As part of the agreement, Tata Power will leverage its EZ Charge network and expertise in customised charging solutions, while VECV will bring its knowledge in energy efficiency to optimise electric trucks and buses, including the newly launched Eicher Pro X range of small commercial vehicles. [&hellip;]
- [Delaplex Partners with BSNL to Launch Pan-India Edge Micro Data Center Network](https://angelnews.in/stocknews/mou/delaplex-bsnl-partnership-pan-india-edge-micro-data-center-rollout/): Guwahati, Assam, September 27, 2025 – Delaplex Limited has signed a Memorandum of Understanding (MoU) with Bharatnet Telecom Company Limited (BTCL), a wholly owned subsidiary of Bharat Sanchar Nigam Limited (BSNL), to launch a pan-India network of Edge Micro Data Centers. The agreement was formalised during BSNL’s Silver Jubilee celebrations at Srimanta Sankaradeva Kalakshetra in Guwahati, Assam. The event was attended by Union Minister of Communications Jyotiraditya M. Scindia, Assam Chief Minister Dr. Himanta Biswa Sarma, IT Minister Keshab Mahanta, BSNL CMD Robert J Ravi, and senior officials from both BSNL and Delaplex. This collaboration leverages BSNL’s nationwide telecom infrastructure and [&hellip;]
- [Zaggle Signs SaaS and Forex Agreements With IDFC First Bank to Strengthen Enterprise Offerings](https://angelnews.in/stocknews/zaggle-idfc-first-bank-saas-forex-partnerships/): Mumbai, September 27, 2025 – Zaggle Prepaid Ocean Services Limited has entered into two strategic agreements with IDFC First Bank Limited, strengthening its service portfolio in the areas of Software-as-a-Service (SaaS) and Forex solutions. According to regulatory filings, the partnerships include: SaaS Partnership Agreement: Under this arrangement, Zaggle will provide its SaaS-based platforms to IDFC First Bank’s corporate customers. The agreement commenced on September 26, 2025, and will continue until terminated. Referral Partnership Agreement: Zaggle will facilitate access to IDFC First Bank’s Forex solutions for its corporate clients. This contract has been signed for a period of three years. Both agreements [&hellip;]
- [MosChip Technologies Charts Growth Roadmap With ASIC, IoT, 5G/6G and AI Opportunities](https://angelnews.in/stocknews/moschip-technologies-growth-roadmap-asic-iot-5g-6g-ai-opportunities/): Hyderabad, September 26, 2025 – MosChip Technologies Limited, India’s first fabless semiconductor company, reported strong financial results for FY25 at its 26th Annual General Meeting. The company announced that revenue from operations increased by 58.5% year-on-year, rising from ₹294 crore in FY24 to ₹466 crore in FY25. Profit before tax also recorded significant growth, reaching ₹33.7 crore compared to ₹11.33 crore in the previous fiscal year. The performance was supported by new customer acquisitions, business diversification, and increased investments in research and development. The company added seven new customers during FY25 and strengthened its leadership team across engineering, operations, and business [&hellip;]
- [Tata Power Renewable Signs MoU with Bank of Baroda to Boost Solar Financing for MSME and C&I Customers](https://angelnews.in/stocknews/mou/tata-power-renewable-bank-of-baroda-solar-financing-msme-ci/): Mumbai, September 26, 2025: Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power Company Limited, has signed a Memorandum of Understanding (MoU) with Bank of Baroda to promote clean energy adoption among Micro, Small and Medium Enterprises (MSME) and Commercial &amp; Industrial (C&amp;I) customers. Through this collaboration, Bank of Baroda will provide financing for solar projects of up to 10 megawatts (MW) via TPREL or its authorised channel partners. The initiative is aimed at helping businesses reduce operational costs, adopt renewable energy with ease, and support India’s sustainability goals. The scheme offers multiple benefits including interest rates starting from [&hellip;]
- [Motilal Oswal Subsidiary Motilal Oswal Alternates Invests Over ₹210 Crore in IL JIN Electronics and Kusumgar Limited](https://angelnews.in/stocknews/investment-news/motilal-oswal-subsidiary-motilal-oswal-alternates-invests-over-210-crore-in-il-jin-electronics-and-kusumgar-limited/): Motilal Oswal Alternates Limited (MO Alternates), the wholly-owned subsidiary of Motilal Oswal Financial Services Limited (MOFSL), has invested over ₹210 crore across two companies—IL JIN Electronics (India) Private Limited and Kusumgar Limited. On September 25, 2025, MO Alternates executed definitive agreements to acquire 1,69,018 compulsorily convertible preference shares of IL JIN Electronics for a consideration of ₹110 crore. Headquartered in Pune and incorporated in 2001, IL JIN is engaged in the manufacturing and assembly of printed circuit boards (PCBs) and printed circuit board assemblies (PCBAs). The company reported revenue of ₹1,460.01 crore in FY25 compared with ₹913.36 crore in FY24. A [&hellip;]
- [MapmyIndia Mappls Becomes India’s First App to Offer Live Signal Timers and Toll Pass Savings](https://angelnews.in/stocknews/mapmyindia-mappls-ai-traffic-timers-nhai-savings/): New Delhi, September 25, 2025: MapmyIndia’s flagship Mappls App, India’s indigenous maps and navigation platform, has rolled out three new features that aim to make driving safer, smarter, and more cost-efficient. The updates include AI-powered live traffic signal timers, NHAI Annual Toll Pass savings visibility, and toll road distance tracking. The new features have been launched in collaboration with the Bengaluru Traffic Police, the National Highways Authority of India (NHAI), and Arcadis. They are currently live on iOS devices and will soon be available to Android users as well. The Mappls App has integrated more than 125 smart traffic signals across [&hellip;]
- [Waaree Energies Pumps ₹300 Crore into Subsidiary Waaree Energy Storage Solutions for Lithium-Ion Cell Manufacturing Expansion](https://angelnews.in/stocknews/investment-news/waaree-energies-invests-300cr-subsidiary-waaree-energy-storage/): Waaree Energies Limited has announced an investment of ₹300 crore in its wholly owned subsidiary, Waaree Energy Storage Solutions Private Limited (WESSPL), through a rights issue. The investment aligns with the company’s expansion into advanced energy storage technologies. According to the regulatory filing, the infusion was made via the allotment of 60 crore partly paid-up equity shares at a face value of ₹10 each. An amount of ₹5 per share has been paid on application, with the remaining ₹5 payable on call. WESSPL, incorporated in February 2020, operates within the renewable energy sector and is focused on developing lithium-ion advanced chemistry [&hellip;]
- [SMC Global Securities Announces 1:1 Bonus Issue, Paid-Up Share Capital to Rise from 10.47 Crore to 20.94 Crore Equity Shares](https://angelnews.in/stocknews/smc-global-securities-1-1-bonus-issue-2025/): SMC Global Securities Limited has announced that its Board of Directors, in a meeting held on September 24, 2025, approved the issuance of bonus equity shares in the ratio of 1:1. This means shareholders will receive one bonus equity share of ₹2 face value for every one fully paid-up equity share of ₹2 held as on the record date, which will be announced shortly. The bonus issue will involve the creation of 10,47,00,000 new equity shares of ₹2 each, aggregating to ₹20,94,00,000 (Twenty Crores and Ninety-Four Lakhs). Post-issue, the company’s paid-up equity share capital will increase from 10,47,00,000 shares to 20,94,00,000 [&hellip;]
- [L&T and BEL Form Strategic Defence Consortium for AMCA Programme to Develop India’s Indigenous 5th-Generation Stealth Fighter Aircraft](https://angelnews.in/indianews/defence-news/lt-and-bel-form-strategic-defence-consortium-for-amca-programme-to-develop-indias-indigenous-5th-generation-stealth-fighter-aircraft/): Mumbai, September 24, 2025 – Larsen &amp; Toubro (L&amp;T) and Bharat Electronics Limited (BEL) have announced a strategic collaboration to support India’s Advanced Medium Combat Aircraft (AMCA) programme, a key initiative of the Indian Air Force. The consortium will jointly respond to the Expression of Interest (EoI) floated by the Government of India’s Aeronautical Development Agency in the coming weeks. The partnership combines L&amp;T’s expertise in strategic defence and aerospace platforms with BEL’s capabilities in defence electronics and systems. According to the companies, the collaboration underscores India’s commitment to advancing its defence capabilities in line with the government’s vision for an [&hellip;]
- [Torrent Power Acquires Newzone India and Newzone Power Projects for ₹211 Crore](https://angelnews.in/stocknews/acquisition/torrent-power-acquires-newzone-india-and-newzone-power-projects-for-211-crore/): Ahmedabad, September 23, 2025 – Torrent Power Limited has completed the acquisition of equity shares in Newzone India Private Limited (NZIPL) and Newzone Power Projects Private Limited (NZPPPL) for a total consideration of ₹211 crore. The acquisition included 11,95,110 equity shares of NZIPL and 30,00,000 equity shares of NZPPPL purchased from the Sarawagi family and related HUFs. With this transaction, Torrent Power now holds 49 percent stake in NZIPL and 100 percent ownership of NZPPPL. NZPPPL already owned the remaining 51 percent of NZIPL shares. Together, NZIPL and NZPPPL control approximately 922 acres of land, including both private and government-leased land, [&hellip;]
- [Zaggle Partners with AU Small Finance Bank to Launch Co-Branded Cards and Digital Payment Solutions](https://angelnews.in/stocknews/zaggle-au-small-finance-bank-strategic-partnership/): Mumbai, September 22, 2025 – Zaggle Prepaid Ocean Services Limited (Zaggle) has announced a strategic collaboration with AU Small Finance Bank Limited (AU SFB) to expand its financial solutions portfolio through the launch of co-branded cards and integrated digital services. According to regulatory filings, the partnership will introduce a co-branded prepaid card aimed at automating employee rewards, reimbursements, and expense management. The solution will leverage Zaggle’s strong enterprise presence across leading corporate clients, enabling seamless adoption of the offering. In a parallel agreement, both companies will also roll out a co-branded retail credit card and a commercial card. These products will [&hellip;]
- [OnMobile Partners with Dialog Axiata to Launch Master Aggregator Platform in Sri Lanka](https://angelnews.in/stocknewsindia/small-cap-stock-news/onmobile-dialog-axiata-master-aggregator-vas/): Bengaluru, September 22, 2025 – OnMobile Global Limited, a global leader in mobile gaming and entertainment, has entered into a strategic partnership with Dialog Axiata PLC, Sri Lanka’s top connectivity provider. Under this agreement, OnMobile will act as the Master Aggregator for Dialog’s Value-Added Services (VAS) portfolio, strengthening the long-standing collaboration between the two companies. The Master Aggregator platform is aimed at consolidating entertainment, mobile gaming, infotainment, and education services into a unified ecosystem. This model eliminates operational silos, ensures regulatory compliance, and simplifies payout processes for third-party content providers. It also enables Dialog to focus on expanding its VAS offerings [&hellip;]
- [Garden Reach Shipbuilders Signs Strategic MoUs for Shipbuilding, Port Development and Logistics](https://angelnews.in/stocknews/mou/grse-signs-mous-shipbuilding-maritime-2025/): Garden Reach Shipbuilders &amp; Engineers Ltd. (GRSE) has signed five Memorandums of Understanding (MoUs) with key partners in the shipbuilding, port, and infrastructure sectors. The agreements were finalized during the ‘Samudra Se Samriddhi’ Mission event in Bhavnagar on September 20, 2025, launched by Prime Minister Narendra Modi under the Maritime Amrit Kaal Vision 2047. The MoUs were signed with: Deendayal Port Authority (DPA), Kandla Syama Prasad Mookerjee Port Authority (SMPA), Kolkata Indian Port Rail &amp; Ropeway Corporation Limited (IPRCL) The Shipping Corporation of India (SCI) Modest Infrastructure Private Limited (MIPL) The partnerships aim to strengthen collaboration in green and low-emission vessel [&hellip;]
- [Royal Enfield 350cc Range to Be Available on Flipkart from September 22, Covering Bullet, Classic, Hunter, Goan Classic and Meteor Models](https://angelnews.in/latestnews/royal-enfield-flipkart-350cc-motorcycles-sale/): New Delhi, September 19, 2025 – Royal Enfield has announced a partnership with Flipkart, marking the motorcycle brand’s entry into e-commerce sales. Beginning September 22, 2025, customers will be able to purchase Royal Enfield’s 350cc motorcycles directly through the Flipkart platform. The collaboration aims to make the company’s popular mid-size motorcycles more accessible and convenient to buy. With just a few clicks, customers can choose from the complete 350cc range, which includes the Bullet 350, Classic 350, Hunter 350, Goan Classic 350, and the newly launched Meteor 350. Initially, the option to purchase online will be available in five major cities—Bengaluru, [&hellip;]
- [Hind Rectifiers Acquires France-Based BeLink Solutions to Strengthen European Presence in Robotics and Power Electronics](https://angelnews.in/stocknews/acquisition/hind-rectifiers-acquires-belinek-solutions-european-expansion/): Hind Rectifiers Limited (HIRECT), a leading Indian manufacturer of power semiconductors, electronic equipment, and railway transportation systems, has announced the acquisition of France-based BeLink Solutions. The move strengthens Hirect’s global presence by creating a strategic manufacturing hub in Europe dedicated to robotics, electronic manufacturing services (EMS), and power electronics. The transaction involves the purchase of BeLink Solutions’ business and operating assets for EUR 1 million, funded entirely through internal accruals. In addition, Hirect will infuse EUR 2 million into its proposed subsidiary. Of this, EUR 1 million will be subscribed as preference shares solely by Hirect, while the remaining EUR 1 [&hellip;]
- [Mahindra Lifespace Developers (MLDL) to Acquire 100% Stake in Mahindra Homes from Actis in ₹90 Crore Deal](https://angelnews.in/stocknews/acquisition/mahindra-lifespace-acquires-mahindra-homes-100-percent-stake/): Mahindra Lifespace Developers Limited (MLDL) has announced that it will acquire the entire stake held by Actis Mahi Holdings Singapore Private Limited in Mahindra Homes Private Limited (MHPL). Following this acquisition, MHPL will become a wholly owned subsidiary of MLDL. The board of directors approved the proposal at its meeting on September 18, 2025, subject to shareholder approval. The transaction involves the purchase of equity shares and compulsorily convertible preference shares through a cash consideration of up to ₹90 crore. Before this deal, MLDL held 74.35% of MHPL, while Actis owned 25.65%. After completion, MLDL will hold 100% ownership in the [&hellip;]
- [Vodafone Idea Signs 5-Year Deal with Tata Consultancy Services to Deploy AI and Automation in Business Support Systems](https://angelnews.in/stocknews/vodafone-idea-tcs-ai-partnership/): Vodafone Idea Limited (Vi) has expanded its partnership with Tata Consultancy Services (TCS) to modernize its Business Support System (BSS) through an AI-driven platform aimed at enhancing customer experience. The five-year collaboration focuses on automation, personalization, and faster rollout of new services. The transformation will be anchored on TCS HOBS as the digital backbone, while TCS TwinX will add AI and machine learning capabilities to improve responsiveness and deliver personalized customer interactions. Vi’s Chief Technology Officer, Jagbir Singh, said the initiative represents a major step in redefining customer engagement. By embedding AI innovation into its BSS, Vi aims to provide faster, [&hellip;]
- [Angel One Incorporates Angel One LivWell Life Insurance with ₹104 Crore Investment](https://angelnews.in/stocknews/angel-one-livwell-life-insurance-104cr-investment/): Angel One Limited has announced the incorporation of Angel One LivWell Life Insurance Limited, a new associate company formed in collaboration with LivWell Holding Company Pte. Limited. The entity was officially registered on September 11, 2025, with the Corporate Identification Number (CIN) U65110KA2025FLC208328. Investment and Ownership Structure Angel One will subscribe to 26% of the shareholding in the newly formed company through a cash investment of up to ₹104 crore. The investment will be made at the face value of shares. Despite holding a significant stake, Angel One clarified that it will not exercise management control over the venture. Regulatory Approvals [&hellip;]
- [Ola Electric Mobility Limited Crosses 1 Million EV Production Milestone, Launches Special Edition Roadster X+](https://angelnews.in/latestnews/ola-electric-1-million-ev-roadster-x-launch/): Quick Summary: Ola Electric has crossed the 1 million EV production milestone at its Tamil Nadu Futurefactory and launched a special edition Roadster X+. The company also unveiled new Bharat Cell-powered models, with deliveries starting this Navratri and January 2026. Full Article: Ola Electric, India’s largest pure-play electric vehicle (EV) manufacturer, has achieved a significant milestone by producing its one-millionth vehicle at the Ola Futurefactory in Krishnagiri, Tamil Nadu. The company marked the occasion with the rollout of a special edition Roadster X+ in a midnight blue finish, featuring sporty red accents on the seat, rims, and battery pack. Ola Electric, [&hellip;]
- [Suzlon Wins 838 MW Wind Energy Order from Tata Power Renewable to Install 266 Made-in-India Turbines Across Karnataka, Maharashtra, and Tamil Nadu](https://angelnews.in/stocknews/order-wins/suzlon-tata-power-838mw-order/): Quick Summary: Suzlon Group has secured its largest FY26 order of 838 MW from Tata Power Renewable Energy Limited (TPREL). The project, spread across Karnataka, Maharashtra, and Tamil Nadu, will deploy 266 Made-in-India wind turbines. This marks Suzlon’s second-largest order ever and its third collaboration with TPREL, highlighting the growing role of FDRE projects in India’s clean energy transition. Full Article: Suzlon Group, India’s leading renewable energy solutions provider, announced that it has secured a major order of 838 megawatts (MW) from Tata Power Renewable Energy Limited (TPREL). The order, the company’s largest in FY26 and its second-largest overall, highlights the growing [&hellip;]
- [అదానీ ఎంటర్‌ప్రైజెస్‌కు ₹4,081 కోట్ల కేదారనాథ్ రోప్‌వే ప్రాజెక్ట్ – 9 గంటల ప్రయాణం ఇప్పుడు కేవలం 36 నిమిషాలు](https://angelnews.in/adani-enterprises-secures-%e2%82%b94081-crore-kedarnath-ropeway-project/): అదానీ గ్రూప్‌కి చెందిన అదానీ ఎంటర్‌ప్రైజెస్ లిమిటెడ్ (AEL), ఉత్తరాఖండ్‌లోని సోన్‌ప్రయాగ్ – కేదారనాథ్ మధ్య రోప్‌వే నిర్మాణానికి నేషనల్ హైవేస్ లాజిస్టిక్స్ మేనేజ్‌మెంట్ లిమిటెడ్ (NHLML) నుండి లెటర్ ఆఫ్ అవార్డ్ (LoA) పొందింది. ₹4,081 కోట్ల విలువైన ఈ ప్రాజెక్ట్ 12.9 కిలోమీటర్ల పొడవులో నిర్మించబడనుంది. ఇది AEL యొక్క రోడ్స్, మెట్రో, రైలు మరియు వాటర్ (RMRW) విభాగం ద్వారా అమలు చేయబడుతుంది. ప్రాజెక్ట్ పూర్తయిన తర్వాత, ప్రస్తుతం 8–9 గంటలు పట్టే కఠినమైన ప్రయాణం కేవలం 36 నిమిషాలకు తగ్గించబడుతుంది, తద్వారా ప్రతి సంవత్సరం కేదారనాథ్‌కు వచ్చే సుమారు 20 లక్షల యాత్రికులకు సౌలభ్యం కలుగుతుంది. ఈ ప్రాజెక్ట్ పర్వతమాల పర్యోజన (Parvatmala Pariyojana) కింద కేంద్ర ప్రభుత్వ జాతీయ రోప్‌వేస్ అభివృద్ధి కార్యక్రమంలో భాగంగా పబ్లిక్–ప్రైవేట్ పార్టనర్‌షిప్ (PPP) మోడల్‌లో, NHLML‌తో ఆదాయ భాగస్వామ్య పద్ధతిలో అభివృద్ధి చేయబడుతుంది. నిర్మాణం పూర్తి కావడానికి సుమారు 6 సంవత్సరాలు [&hellip;]
- [2025 Royal Enfield Meteor 350 Launched: Full Details on Price, Features and Variants](https://angelnews.in/2025-royal-enfield-meteor-350-launched-full-details-on-price-features-and-variants/): Quick Summary: Royal Enfield has launched the upgraded 2025 Meteor 350 in India with four variants and seven new colour options. Priced from ₹1.95 lakh (ex-showroom, Chennai), the refreshed cruiser features LED headlamps, Tripper pod, USB Type-C charging, adjustable levers and an assist-and-slip clutch. The lineup also includes new customization kits and an extended warranty of up to seven years. Full Article: Royal Enfield has introduced the refreshed 2025 Meteor 350 lineup in India, aiming to enhance the mid-size cruiser experience with updated features, new colour options and improved riding comfort. The new range is offered in four variants: Fireball, Stellar, Aurora [&hellip;]
- [Invenia-STL Networks Secures ₹359 Crore Data Center Contract from PowerGrid Teleservices](https://angelnews.in/invenia-stl-networks-secures-%e2%82%b9359-crore-data-center-contract-from-powergrid-teleservices/): Quick Summary: Invenia-STL Networks Limited has won a ₹359 crore contract from PowerGrid Teleservices Limited, a subsidiary of PGCIL, to build and maintain a Tier III data center and disaster recovery facility at Manesar. The project includes scalable IaaS solutions, advanced cooling, and energy-efficient infrastructure, aligning with India’s digital and sustainability goals. Full Article: Invenia-STL Networks Limited, a digital infrastructure and IT services company, has announced the award of a data center infrastructure contract valued at approximately ₹359 crore from PowerGrid Teleservices Limited (PowerTel), a subsidiary of Power Grid Corporation of India Limited (PGCIL). The project involves the design, construction, commissioning, and [&hellip;]
- [Tata Technologies to Acquire Germany’s ES-Tec Group in €75 Million Deal, Strengthening Global ER&D Capabilities in ADAS, Connected Driving and Digital Engineering](https://angelnews.in/tata-technologies-to-acquire-germanys-es-tec-group-in-e75-million-deal-strengthening-global-erd-capabilities-in-adas-connected-driving-and-digital-engineering/): Quick Summary:  Tata Technologies has signed a definitive agreement to acquire Germany-based ES-Tec Group for up to €75 million in cash. The acquisition, expected to close by December 2025, will strengthen Tata Technologies’ ER&amp;D capabilities in ADAS, Connected Driving, and Digital Engineering. With over 300 engineers, ES-Tec adds strong technical expertise and deepens the company’s presence in Europe. Full Article: Tata Technologies Limited, a global product engineering and digital services company, has entered into a definitive agreement to acquire 100% equity in ES-Tec GmbH and its subsidiaries (collectively, ES-Tec Group). The transaction, valued at up to €75 million in cash including performance-based [&hellip;]
- [Apollo Hospitals to Acquire IFC’s 31% Stake in Apollo Health & Lifestyle for ₹1,254 Crore and Set Up ₹573 Crore Gurugram Comprehensive Oncology Centre](https://angelnews.in/apollo-hospitals-to-acquire-ifcs-31-stake-in-apollo-health-lifestyle-for-%e2%82%b91254-crore-and-set-up-%e2%82%b9573-crore-gurugram-comprehensive-oncology-centre/): Quick Summary: Apollo Hospitals will acquire IFC’s 31% stake in Apollo Health &amp; Lifestyle for ₹1,254 crore, making it a nearly wholly-owned subsidiary. Alongside, the group announced a ₹573 crore investment to set up a 100-bed Comprehensive Oncology Centre in Gurugram equipped with advanced Proton Therapy, strengthening its leadership in cancer care. Full Article: Apollo Hospitals Enterprise Ltd (AHEL) has announced major strategic moves, including acquiring International Finance Corporation’s (IFC) stake in Apollo Health and Lifestyle Ltd (AHLL) and setting up a new oncology facility in Gurugram. The board has approved the purchase of 4.16 crore equity shares, representing a 30.58% stake [&hellip;]
- [DCX Systems Signs MoU with Tamil Nadu Government to Establish Defence Manufacturing Facility for Advanced Radar Systems](https://angelnews.in/dcx-systems-signs-mou-with-tamil-nadu-government-to-establish-defence-manufacturing-facility-for-advanced-radar-systems/): Quick Summary: DCX Systems Limited has entered into a non-binding MoU with the Government of Tamil Nadu to establish a defence manufacturing facility at Hosur. The project, in collaboration with Israel’s ELTA Systems, will focus on radar technologies under the “Make in India” initiative, with state support for infrastructure and regulatory facilitation. Full Article: DCX Systems Limited has signed a non-binding Memorandum of Understanding (MoU) with the Government of Tamil Nadu during the ‘TN Rising Investment Conclave’ held in Hosur on September 11, 2025. The agreement aims to set up a state-of-the-art manufacturing facility for its joint venture with ELTA Systems Ltd, [&hellip;]
- [Ministry of Defence Unit Awards ₹26.6 Crore Order to Paras Defence for Thermal Imaging Systems in Battle Tanks, Raising Total Contract Value to ₹141.63 Crore](https://angelnews.in/ministry-of-defence-unit-awards-%e2%82%b926-6-crore-order-to-paras-defence-for-thermal-imaging-systems-in-battle-tanks-raising-total-contract-value-to-%e2%82%b9141-63-crore/): Quick Summary: Paras Defence and Space Technologies has received incremental orders worth ₹26.6 crore from Opto Electronics Factory for the supply of Electronic Control Systems used in Thermal Imaging Fire Control Systems for battle tanks. With this, the total contract value rises to ₹141.63 crore. The execution period is set between December 2025 and September 2026. Full Article: Paras Defence and Space Technologies Limited has announced the receipt of incremental orders worth approximately ₹26.6 crore, including taxes, from the Opto Electronics Factory (OLF), a unit of India Optel Ltd. under the Ministry of Defence. The order pertains to the supply of additional [&hellip;]
- [APCRDA Awards ₹713 Crore Contract to Megha Engineering & Infrastructures Limited for Amaravati Government Complex Infrastructure Development](https://angelnews.in/apcrda-awards-%e2%82%b9713-crore-contract-to-meil-for-amaravati-government-complex-infrastructure-development/): The Government of Andhra Pradesh has authorized the Andhra Pradesh Capital Region Development Authority (APCRDA) to proceed with awarding a major infrastructure contract for the Amaravati Government Complex area. As per Government Order (G.O. Rt. No. 939) issued by the Municipal Administration &amp; Urban Development Department, the Commissioner of APCRDA has been permitted to issue a Letter of Acceptance to Megha Engineering &amp; Infrastructures Limited (MEIL), the lowest bidder for the project. The contract involves the construction of roads, drains, water supply systems, sewerage, power and ICT utility ducts, reuse water pipelines, and avenue plantation to support trunk infrastructure in Amaravati’s [&hellip;]
- [NBCC and RIICO Sign Landmark ₹3,700 Crore Agreement to Develop Rajasthan Mandapam, Unity Mall, and Infrastructure in Jaipur](https://angelnews.in/nbcc-and-riico-sign-landmark-%e2%82%b93700-crore-agreement-to-develop-rajasthan-mandapam-unity-mall-and-infrastructure-in-jaipur/): Quick Summary:  NBCC (India) Limited has signed an MoU with RIICO for a ₹3,700 crore project to develop the Rajasthan Mandapam Convention Center, Unity Mall, and related infrastructure near Jaipur Airport. The 95-acre project aims to boost Jaipur’s status as a global convention and retail hub, with completion expected in 30 months. Full Article: NBCC (India) Limited has signed a Memorandum of Understanding (MoU) with the Rajasthan State Industrial Development and Investment Corporation Limited (RIICO) for projects valued at approximately ₹3,700 crore. The agreement involves the development of the Rajasthan Mandapam Convention Center and related infrastructure near Jaipur International Airport, Tonk Road. [&hellip;]
- [Apollo Strategic Technologies Signs MoU with US-Based Dynamic Engineering for Co-Development and Licensed Production of BM-21 Grad Rocket Motors](https://angelnews.in/apollo-strategic-technologies-signs-mou-with-us-based-dynamic-engineering-for-co-development-and-licensed-production-of-bm-21-grad-rocket-motors/): Quick Summary:  Apollo Strategic Technologies has signed an MoU with US-based Dynamic Engineering to co-develop and produce rocket motors for BM-21 Grad rockets. The deal supports Make in India, with trials planned soon and full-scale production targeted by mid-2026. Full Article: Apollo Strategic Technologies Private Limited (ASTPL), a step-down subsidiary of Apollo Micro Systems Limited and a subsidiary of Apollo Defence Industries Private Limited (ADIPL), has entered into a Memorandum of Understanding (MoU) with US-based Dynamic Engineering and Design Incorporation. The agreement, signed at the Defence and Security Equipment International (DSEI) exhibition in London on September 10, 2025, focuses on technology transfer, [&hellip;]
- [Tata Power and Tata Passenger Electric Mobility Unveil India’s Largest 24x7 TATA.ev MegaCharger Hub in Mumbai Airport on World EV Day](https://angelnews.in/tata-power-and-tata-passenger-electric-mobility-unveil-indias-largest-24x7-tata-ev-megacharger-hub-in-mumbai-airport-on-world-ev-day/): Quick Summary:  Tata Power and Tata Passenger Electric Mobility Limited have inaugurated India’s largest TATA.ev MegaCharger hub in Mumbai on World EV Day. Located near Chhatrapati Shivaji Maharaj International Airport, the 24/7 facility can charge up to 16 EVs simultaneously and is powered entirely by renewable energy. Full Article: Tata Power, India’s leading integrated power utility and EV charging provider, in partnership with Tata Passenger Electric Mobility Limited (TPEM), has inaugurated the country’s largest TATA.ev MegaCharger hub in Mumbai. The launch coincided with World EV Day. The charging hub, located near Terminal 2 of Chhatrapati Shivaji Maharaj International Airport within The Leela [&hellip;]
- [NDTV Board Clears ₹396.5 Crore Rights Issue; Record Date on September 12](https://angelnews.in/ndtv-board-clears-%e2%82%b9396-5-crore-rights-issue-record-date-on-september-12/): Quick Summary:  NDTV has approved a ₹396.5 crore rights issue, offering 4.83 crore equity shares at ₹82 each. The record date is September 12, 2025, and the issue will run from September 22 to October 8. Shareholders will get 3 shares for every 4 held, with provisions for fractional entitlements. New Delhi Television Limited (NDTV) has finalized the terms of its upcoming rights issue, targeting a fundraise of up to ₹396.5 crore. The move comes after approvals from BSE Limited and the National Stock Exchange of India earlier this month. As per the decision, NDTV will issue 4.83 crore equity shares [&hellip;]
- [Nazara Technologies to Launch Popular PC Game Bodycam in Fortnite as a Hyper-Realistic Island Experience Built on Unreal Engine 5.3](https://angelnews.in/nazara-technologies-to-launch-popular-pc-game-bodycam-in-fortnite-as-a-hyper-realistic-island-experience-built-on-unreal-engine-5-3/): Quick Summary: Nazara Technologies has announced the launch of popular PC game Bodycam in Fortnite as a hyper-realistic island experience. Built on Unreal Engine 5.3, the adaptation will feature enhanced visuals, tactical shooter gameplay, and multiplayer modes for global players across PC, console, and mobile. Full Article: Nazara Technologies Limited, India’s publicly listed gaming company, has announced that it will introduce the popular PC game Bodycam to Fortnite. This marks the first time the title will be adapted within the Fortnite ecosystem, where it will be launched as an interactive island. Bodycam, originally acclaimed for its photorealistic visuals and tactical first-person shooter [&hellip;]
- [Tata Communications Partners with Cisco to Simplify and Accelerate Next-Generation IoT Deployments Across 200+ Countries](https://angelnews.in/tata-communications-partners-with-cisco-to-simplify-and-accelerate-next-generation-iot-deployments-across-200-countries/): Quick Summary : Tata Communications and Cisco have announced a global partnership to enhance eSIM and IoT connectivity. The collaboration integrates Tata Communications’ eSIM orchestration platform with Cisco’s IoT Control Center, enabling enterprises to streamline device management, accelerate deployments, and reduce costs. The initiative is expected to benefit industries such as transportation, logistics, and manufacturing by providing greater scalability, interoperability, and operational efficiency Full Article: Tata Communications has entered into a strategic partnership with Cisco to enhance global eSIM and Internet of Things (IoT) connectivity solutions. The collaboration aims to simplify the way enterprises connect, manage, and scale their IoT deployments across [&hellip;]
- [SPML Infra, in Joint Venture with JWIL, to Execute ₹1,438 Crore Water Infrastructure Project in Rajasthan](https://angelnews.in/spml-infra-in-joint-venture-with-jwil-to-execute-%e2%82%b91438-crore-water-infrastructure-project-in-rajasthan/): Quick Summary: SPML Infra Limited has secured a ₹1,438 crore project under the Jal Jeevan Mission in Rajasthan, in joint venture with JWIL Infra Limited. The project, awarded by the Public Health Engineering Department, Bharatpur, will provide safe drinking water to over 1.5 million people in Dholpur and Saipau. It includes construction of water reservoirs, pipelines, treatment plants, and tap connections, along with a 10-year operations and maintenance contract. Full Article: SPML Infra Limited (NSE: SPMLINFRA, BSE: 500402), a leading water infrastructure development company in India, has been awarded a ₹1,438 crore project, inclusive of GST (USD 163 million), in joint venture [&hellip;]
- [SMC Global Securities Acquires 14.51% Stake in Oval Projects Engineering](https://angelnews.in/smc-global-securities-acquires-14-51-stake-in-oval-projects-engineering/): Quick Summary: SMC Global Securities Limited has acquired a 14.51% stake in Oval Projects Engineering Limited through a mix of pre-listing allotments and open-market purchases as part of its market-making obligations in the company’s IPO. Oval Projects, headquartered in Tripura, operates in EPC and O&amp;M services for the oil and gas sector, reporting a turnover of ₹1,022.89 crore in FY25 Full Article: SMC Global Securities Limited has acquired a 14.51% stake in Oval Projects Engineering Limited as part of its role as a designated market maker in the company’s initial public offering (IPO). According to an exchange filing, SMC Global purchased a [&hellip;]
- [ITI Limited Bags ₹110 Crore GIPL Projects to Build IT Infrastructure and Advanced Cyber Security Centre in Gandhinagar](https://angelnews.in/iti-limited-bags-%e2%82%b9110-crore-gipl-projects-to-build-it-infrastructure-and-advanced-cyber-security-centre-in-gandhinagar/): Quick Summary: ITI Limited has secured empanelment from Guj Info Petro Limited (GIPL) for two major projects worth ₹110 crore. The company will implement advanced IT infrastructure and set up a state-of-the-art Cyber Security Operation Centre (SOC) at GIPL’s Gandhinagar data center. The 36-month engagement is expected to strengthen Gujarat’s digital growth and security framework. Full Article: ITI Limited, India’s first public sector undertaking established post-independence and a leading telecom manufacturing company, has been empaneled by Guj Info Petro Limited (GIPL) as a System Integrator for two major IT implementation projects. The empanelment covers the rollout of advanced IT infrastructure and [&hellip;]
- [Campus Activewear Expands Manufacturing Capacity with ₹74.75 Crore Land Acquisition and ₹230 Crore Investment](https://angelnews.in/campus-activewear-expands-manufacturing-capacity-with-%e2%82%b974-75-crore-land-acquisition-and-%e2%82%b9230-crore-investment/): Quick Summary: Campus Activewear Limited has acquired land and building assets in Pantnagar, Uttarakhand, for ₹74.75 crore to expand its footwear manufacturing operations. The company plans to invest ₹230 crore over the next 2.5 years to add an additional capacity of 14.4 million pairs, covering both uppers and assembled footwear. The expansion will be funded through internal accruals and is aimed at meeting rising demand while strengthening backward integration in production. Full Article: Campus Activewear Limited has announced the acquisition of land and building assets from Nainipanel Industries Private Limited to enhance its manufacturing and assembly capabilities. The acquired property, located in [&hellip;]
- [KP Group Signs MoU with South Korea’s AHES and India’s GH2 Solar for 100,000 TPA Green Ammonia Project](https://angelnews.in/kp-group-signs-mou-with-south-koreas-ahes-and-indias-gh2-solar-for-100000-tpa-green-ammonia-project/): Quick Summary:  KP Group has partnered with South Korea’s AHES Co. Ltd. and India’s GH2 Solar Ltd. to set up a 100,000 TPA green ammonia facility in India. The project, supported by renewable energy from KP Group companies, will supply international markets including South Korea and Japan. The 15-year collaboration aligns with India’s National Green Hydrogen Mission and strengthens KP Group’s position in the clean energy sector. Full Article: KP Group has entered into a strategic partnership with South Korea’s AHES Co. Ltd. and India’s GH2 Solar Ltd. to establish a green ammonia production facility in India. The project is planned with [&hellip;]
- [IndiaAI’s ₹177 Crore GPU Allocation: Can E2E Networks and Gnani AI Build a Foundational Model to Match Global Standards?](https://angelnews.in/indiaais-%e2%82%b9177-crore-gpu-allocation-can-e2e-networks-and-gnani-ai-build-a-foundational-model-to-match-global-standards/): Quick Summary: Under the IndiaAI Mission, the Government of India has allocated ₹177 crore worth of GPU resources (H100 and H200 SXM GPUs, totaling 12.9 million GPU hours) to support the development of India’s foundational AI model. E2E Networks Limited will provide the GPU infrastructure and computing backbone, while Gnani AI will use these resources to train and build the foundational model. This collaboration represents a crucial step in India’s AI journey,  Full Article: On September 2, 2025, E2E Networks Limited announced that the Government of India, under its IndiaAI Mission, allocated H100 and H200 SXM GPUs totaling 1,29,94,560 hours to Gnani [&hellip;]
- [Mukka Proteins Acquires 51% Stake in FABBCO Bio Cycle and Bio Protein Technology for ₹5.95 Crore](https://angelnews.in/mukka-proteins-acquires-51-stake-in-fabbco-bio-cycle-and-bio-protein-technology-for-%e2%82%b95-95-crore/): Quick Summary: Mukka Proteins Limited has completed the acquisition of a majority 51% stake in FABBCO Bio Cycle and Bio Protein Technology Pvt. Ltd. for ₹5.95 crore, marking its entry into the insect protein and animal feed sector. Full Article: Mukka Proteins Limited has announced the completion of its strategic investment in FABBCO Bio Cycle and Bio Protein Technology Private Limited (FABBCO). The company acquired and subscribed to 4,858 equity shares of FABBCO, representing 51% of its issued and paid-up capital, for a total cash consideration of ₹5.95 crore. With this acquisition, FABBCO has become a subsidiary of Mukka Proteins. The [&hellip;]
- [Mukand Sumi Special Steel to Invest ₹2,345 Crore in Karnataka Greenfield Plant, Aiming to Boost Capacity to 700,000 Tonnes Annually](https://angelnews.in/mukand-sumi-special-steel-to-invest-%e2%82%b92345-crore-in-karnataka-greenfield-plant-aiming-to-boost-capacity-to-700000-tonnes-annually/): Quick Summary: Mukand Sumi Special Steel Limited (MSSSL) has announced a ₹2,345 crore investment in a new greenfield integrated plant in Karnataka. The project will nearly double the company’s capacity to 700,000 tonnes annually, with operations expected to begin by 2028. Full Article: Mukand Sumi Special Steel Limited (MSSSL), a joint venture between Bajaj Group and Japan’s Sumitomo Corporation, has announced plans to set up a greenfield integrated steel plant in Kanakapura, Koppal, Karnataka. The project, involving an investment of ₹2,345 crore, is expected to raise the company’s annual production capacity to 700,000 tonnes. The expansion will support India’s rising demand for [&hellip;]
- [Mistral Solutions, a Unit of AXISCADES Technologies, Bags ₹150 Crore Deal to Supply 600 ECUs for IAF’s Su-30MKI Upgrade](https://angelnews.in/mistral-solutions-a-unit-of-axiscades-technologies-bags-%e2%82%b9150-crore-deal-to-supply-600-ecus-for-iafs-su-30mki-upgrade/): Quick Summary: AXISCADES Technologies’ subsidiary Mistral Solutions has received a contract from CASDIC for the Su-30MKI “Super-30” modernization program. The project includes prototype development of ECUs, with potential production of 600 units worth ₹150 crore over five years. Full Article: AXISCADES Technologies Limited, through its subsidiary Mistral Solutions, has secured a development contract for Electronic Control Units (ECUs) in the Su-30MKI “Super-30” modernization program. The order, awarded by the Combat Aircraft System Development and Integration Centre (CASDIC), involves the prototype development of 10 ECU units for the aircraft’s cooling system. Following successful development, the deal is expected to lead to a production [&hellip;]
- [రిలయన్స్ FY25లో రికార్డు ఆదాయం – జియో IPO 2026లో, రిటైల్–ఎనర్జీ విభాగాల్లో భారీ విస్తరణ](https://angelnews.in/reliance-agm-2025-key-highlights/): రిలయన్స్ ఇండస్ట్రీస్ లిమిటెడ్ (RIL) 48వ వార్షిక సాధారణ సమావేశం (AGM)లో తన FY25 పనితీరు వివరాలను ప్రకటించింది. చైర్మన్ ముకేశ్ అంబానీ వివిధ వ్యాపార విభాగాల్లో భవిష్యత్ ప్రణాళికలను వివరించారు. FY25 రికార్డు ఫలితాలు మొత్తం ఆదాయం: ₹10,71,174 కోట్లు ($125.3 బిలియన్) – భారత్‌లో మొదటి కంపెనీగా $125 బిలియన్ వార్షిక ఆదాయం. నికర లాభం: ₹81,309 కోట్లు ($9.5 బిలియన్). EBITDA: ₹1,83,422 కోట్లు ($21.5 బిలియన్). ఎగుమతులు: ₹2,83,719 కోట్లు ($33.2 బిలియన్) – దేశ ఎగుమతుల్లో 7.6%. National Exchequer Contribution : ₹2,10,269 కోట్లు FY25లో మాత్రమే. జియో – 500 మిలియన్ వినియోగదారులు, IPO 2026లో జియో వినియోగదారులు 500 మిలియన్లు దాటారు. FY25 ఆదాయం ₹1,28,218 కోట్లు ($15 బిలియన్) – 17% వృద్ధి. EBITDA ₹64,170 కోట్లు ($7.5 బిలియన్). జియో IPO 2026 మొదటిార్థంలో లిస్టింగ్ ప్రణాళిక. భవిష్యత్ [&hellip;]
- [Mukesh Ambani’s Reliance Unveils Major AI Push: Dedicated Cloud Region with Google, Enterprise JV with Meta](https://angelnews.in/mukesh-ambanis-reliance-unveils-major-ai-push-dedicated-cloud-region-with-google-enterprise-jv-with-meta/): Quick Summary: Reliance Industries Limited (RIL) has announced two major AI partnerships on August 29, 2025. The company will collaborate with Google Cloud to set up a dedicated AI-focused cloud region in Jamnagar, powered by green energy and Jio’s digital network. Separately, RIL has formed a joint venture with Meta to develop enterprise-grade AI platforms and solutions based on Meta’s open-source Llama models. These initiatives aim to make advanced AI infrastructure and tools accessible to Indian businesses, startups, and public organizations, reinforcing Reliance’s ambition to democratize AI across the country Full Article: Reliance Industries Limited (RIL) has announced two major collaborations aimed [&hellip;]
- [CG Power-Backed CG Semi Opens Advanced Semiconductor Assembly and Test Facility in Gujarat with Plans to Scale Up to 14.5 Million Units Per Day](https://angelnews.in/cg-power-backed-cg-semi-opens-advanced-semiconductor-assembly-and-test-facility-in-gujarat-with-plans-to-scale-up-to-14-5-million-units-per-day/): Quick Summary: CG Power’s subsidiary CG Semi has inaugurated its first Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat, with an investment of over ₹7,600 crore. Backed by government support and partnerships with Renesas and Stars Microelectronics, the facility marks one of India’s first end-to-end semiconductor packaging and testing units. The project is expected to create more than 5,000 jobs and begin commercial production by 2026, strengthening India’s semiconductor self-reliance and global competitiveness. Full Article: CG Semi Private Limited, a subsidiary of CG Power and Industrial Solutions Limited and part of the Murugappa Group, has inaugurated its first Outsourced [&hellip;]
- [Shakti Pumps Secures Order for 34,720 Off-Grid Solar Pumps Under PM-KUSUM Scheme](https://angelnews.in/shakti-pumps-secures-order-for-34720-off-grid-solar-pumps-under-pm-kusum-scheme/): Quick Summary: Shakti Pumps (India) Limited has been empanelled by Maharashtra State Electricity Distribution Company Limited (MSEDCL) to supply and install 34,720 off-grid solar pumps. In the first tranche, 10,000 units worth approximately ₹268.88 crore were booked by farmers within 1.5 hours of portal opening. Full Article: Shakti Pumps (India) Limited (SPIL), a manufacturer of energy-efficient pumps and motors, has announced its empanelment with the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply and installation of 34,720 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) under the Magel Tyala Saur Krushi Pump Yojana / PM-KUSUM B scheme. The empanelment [&hellip;]
- [Ola Electric Gains PLI Approval for Gen 3 Portfolio; Eligible for Incentives Up to 18% Until 2028](https://angelnews.in/ola-electric-gains-pli-approval-for-gen-3-portfolio-eligible-for-incentives-up-to-18-until-2028/): Quick Summary: Ola Electric has received PLI certification for its Gen 3 scooters, making it eligible for incentives of up to 18% on sales until 2028. This is expected to improve profitability starting Q2 FY26. Full Article: Ola Electric Mobility Limited announced that it has received Production Linked Incentive (PLI) certification for its Gen 3 scooter portfolio. The certification was granted by the Automotive Research Association of India (ARAI) under the Ministry of Heavy Industries. The PLI approval covers all seven models in the Gen 3 range, including the S1 Pro (3 kWh, 4 kWh, and Pro+ 4 kWh) and the S1 [&hellip;]
- [Indian Renewable Energy Development Agency Inks MoU with MNRE, Strengthens Commitment to Renewable Growth with ₹8,200 Crore Target](https://angelnews.in/indian-renewable-energy-development-agency-inks-mou-with-mnre-strengthens-commitment-to-renewable-growth-with-%e2%82%b98200-crore-target/): Quick Summary: Indian Renewable Energy Development Agency (IREDA) has signed a performance-based MoU with the Ministry of New and Renewable Energy (MNRE) for FY 2025-26, setting a revenue target of ₹8,200 crore. The MoU outlines key financial and operational benchmarks, building on IREDA’s track record of exceeding targets and securing top performance ratings among CPSEs. Full Article: The Indian Renewable Energy Development Agency Limited (IREDA) has entered into a performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE), Government of India, establishing strategic targets for the financial year 2025-26. The MoU was formalized at Atal Akshay Urja [&hellip;]
- [₹600 Crore Adani Logistics Park in Kochi to Enhance Export and Supply Chain Efficiency](https://angelnews.in/%e2%82%b9600-crore-adani-logistics-park-in-kochi-to-enhance-export-and-supply-chain-efficiency/): Quick Summary:  Adani Ports and Special Economic Zone Ltd. has started work on a ₹600 crore Adani logistics park in Kalamassery, Kochi. Spread across 70 acres, the project will feature smart, sustainable infrastructure and create over 1,500 jobs, boosting exports and supporting local SMEs. Full Article: Adani Ports and Special Economic Zone Ltd. (APSEZ) has commenced work on its new logistics park in Kalamassery, Kochi, marking a major step in Kerala’s industrial development. The project, developed under the Invest in Kerala initiative, was inaugurated by Kerala Chief Minister Pinarayi Vijayan. Spread across 70 acres, the Adani Logistics Park will involve an [&hellip;]
- [Titagarh Rail Systems Secures Record ₹467.25 Crore Order from GRSE to Build Two Coastal Research Vessels for the Geological Survey of India](https://angelnews.in/titagarh-rail-systems-secures-record-%e2%82%b9467-25-crore-order-from-grse-to-build-two-coastal-research-vessels-for-the-geological-survey-of-india/): Quick Summary: Titagarh Rail Systems Limited (TRSL) has secured a record ₹467.25 crore order from Garden Reach Shipbuilders &amp; Engineers (GRSE) to build two Coastal Research Vessels for the Geological Survey of India. The ships, equipped with advanced scientific labs and eco-friendly propulsion, will enhance India’s maritime research and exploration capabilities. This order marks the largest contract for TRSL’s Shipbuilding and Maritime Systems division. Full Article: Titagarh Rail Systems Limited (TRSL), through its Shipbuilding and Maritime Systems (SMS) division, has secured its largest-ever contract worth ₹467.25 crore from Garden Reach Shipbuilders &amp; Engineers (GRSE) for the construction of two Coastal Research Vessels [&hellip;]
- [Anupam Rasayan Approves USD 155 Million Acquisition of Monitchem Kansas to Strengthen US Presence](https://angelnews.in/stocknews/acquisition/anupam-rasayan-usd-155-million-acquisition-monitchem-kansas/): Anupam Rasayan India Limited has approved the acquisition of Monitchem Kansas S.à r.l and its subsidiaries for a total value of up to USD 155 million. The acquisition also includes the purchase of a loan receivable linked to Kansas HoldCo 1 Inc. This decision was finalised during the Board meeting held on December 9, 2025. The target group comprises Monitchem Kansas S.à r.l, Kansas HoldCo Inc., Kansas HoldCo 1 Inc., and Jayhawk Fine Chemicals Corporation. Jayhawk Fine Chemicals is a long-established specialty chemicals manufacturer based in Kansas, United States, with operational roots dating back to 1941. Financially, Jayhawk Fine Chemicals has [&hellip;]
- [Cyient Launches Network Modernization Customer Experience Center in Lisbon Boosting Global 5G and AI Network Innovation](https://angelnews.in/worldnews/cyient-lisbon-network-modernization-customer-experience-center/): Cyient Limited has unveiled its new Network Modernization Customer Experience Center (CEC) in Lisbon, Portugal, marking a significant step in expanding its global innovation ecosystem. The center was inaugurated by senior representatives from India and Cyient’s leadership team, highlighting the company’s commitment to accelerating transformation in the global connectivity space. The Lisbon CEC is designed as an innovation hub where customers and partners can explore Cyient’s intelligent engineering solutions. The facility enables rapid prototyping of next-generation offerings aimed at simplifying, automating, and modernizing network operations in a fast-evolving digital landscape. During the inauguration, officials emphasized that the new center reflects the [&hellip;]
- [Apollo Micro Systems Signs ₹1500 Crore MoU With Telangana for Major Greenfield Defence Expansion](https://angelnews.in/stocknews/investment-news/apollo-micro-systems-1500-crore-greenfield-defence-expansion-telangana/): Apollo Micro Systems Limited (AMS) has entered into a strategic Memorandum of Understanding (MoU) with the Government of Telangana to set up a large-scale greenfield defence manufacturing project. The agreement was signed on December 8, 2025, during the Telangana Rising Global Summit in Hyderabad. The project involves an estimated investment of around ₹1500 crore and is designed to significantly expand AMS’s capabilities in the production of warheads, rocket motors, and small, medium, and large calibre artillery systems. The new facility will also support the manufacturing and filling of ammunition, along with complete ammunition systems for artillery, rockets, and other armaments. The [&hellip;]
- [Cyient Semiconductors and Navitas Partner to Drive Gallium Nitride (GaN) Innovation Across India’s AI, EV and Energy Markets](https://angelnews.in/stocknews/navitas-cyient-semiconductors-gallium-nitride-gan-technology-partnership-india/): Navitas Semiconductor Corporation and Cyient Semiconductors have announced a long-term strategic partnership aimed at boosting the adoption of gallium nitride (GaN) technology across India’s rapidly expanding high-power sectors. The collaboration targets applications such as AI data centers, electric mobility, industrial electrification and energy grid systems. As part of the partnership, both companies plan to co-develop GaN-based products, digital and mixed-signal integrated circuits, and system-level modules tailored for India’s high-voltage and high-power market requirements. The initiative includes building a complete GaN ecosystem supported by a strong domestic manufacturing and supply chain network. The collaboration also aligns with national priorities under the Make [&hellip;]
- [Ola Electric Begins Mass Deliveries of 4680 Bharat Cell Powered S1 Pro Plus Scooters Across India](https://angelnews.in/stocknews/ola-electric-4680-bharat-cell-s1-pro-plus-deliveries-begin/): Ola Electric has commenced mass deliveries of its vehicles powered by the newly developed 4680 Bharat Cell. The S1 Pro Plus (5.2kWh) is the company’s first model to feature this indigenously manufactured battery pack, designed to deliver higher range, improved performance, and stronger safety features. With the introduction of this battery technology, Ola Electric becomes the first Indian company to own both the cell and battery pack manufacturing processes end to end. The company stated that demand for the S1 Pro Plus has been strong, with customer deliveries progressing across multiple cities. The national rollout is also planned to expand availability [&hellip;]
- [Netflix Announces $82.7 Billion(₹7.4 Lakh Crore) Acquisition of Warner Bros Adding HBO and DC Universe to Its Global Streaming Portfolio](https://angelnews.in/global-markets/netflix-82-7-billion-acquisition-warner-bros-hbo-dc-universe/): Netflix has announced a landmark agreement to acquire Warner Bros for a total enterprise value of $82.7 billion, marking one of the biggest entertainment industry deals to date. The acquisition will take place after Warner Bros. Discovery (WBD) completes the previously planned separation of its Global Networks division, Discovery Global, expected in Q3 2026. Under the definitive agreement, Netflix will acquire Warner Bros’ extensive portfolio, including its iconic film and television studios, HBO, and streaming platform HBO Max. WBD shareholders will receive $23.25 in cash and $4.50 in Netflix stock per share, valuing the equity at approximately $72 billion. The deal [&hellip;]
- [Genesys International Secures INR 17.38 Crore Order for Advanced Subsurface 3D Mapping Across Adani Group Airports](https://angelnews.in/stocknews/order-wins/genesys-3d-mapping-inr-17-38-crore-airport-project/): Genesys International Corporation has introduced India’s first subsurface 3D mapping solution, marking a major step forward in the country’s infrastructure modernisation. The technology includes a comprehensive 3D Ground Penetrating Radar survey designed to accurately map underground utilities across large and complex environments. The assignment includes detailed subsurface mapping across several airports managed by the Adani Group, covering Mumbai, Trivandrum, Lucknow, Jaipur, Guwahati and Ahmedabad. The project will also generate complete 3D Building Information Modelling outputs for airport environments, supporting more efficient planning and asset management. To execute this initiative, Genesys will deploy advanced 3D GPR systems along with high-precision LiDAR technology, [&hellip;]
- [Dighi Port to Handle 200000 Cars Annually as APSEZ Partners With Motherson for New RoRo Terminal](https://angelnews.in/latestnews/dighi-port-apsez-motherson-roro-terminal-expansion/): Adani Ports and Special Economic Zone Ltd APSEZ has formed a strategic partnership with Mothersons joint venture Samvardhana Motherson Hamakyorex Engineered Logistics Limited SAMRX to establish a dedicated automobile export terminal at Dighi Port in Maharashtra. The collaboration positions Dighi Port as a new export gateway for car manufacturers in the Mumbai Pune automotive belt with a handling capacity of up to 200000 vehicles annually. The partnership aims to strengthen Indias automotive logistics network by combining APSEZs integrated port capabilities with Mothersons specialised logistics expertise. The new RoRo terminal is expected to streamline finished vehicle movement improve supply chain efficiency and [&hellip;]
- [Zaggle Approves 100% Acquisition of Rivpe Technology for ₹22 Crore and Plans Investment of up to ₹75 Crore](https://angelnews.in/stocknews/acquisition/zaggle-acquires-rivpe-technology-75-crore-expansion-plan/): Zaggle Prepaid Ocean Services Limited has approved a complete acquisition of Rivpe Technology Private Limited, strengthening its position in the fintech and consumer credit landscape. The transaction includes the purchase of 81,429 equity shares and 16,407 compulsory convertible preference shares, representing 100% of Rivpe&#8217;s fully diluted paid-up capital. The acquisition is valued at up to ₹22 crore. Additionally, the board has approved an investment of up to ₹75 crore, to be infused in one or more tranches. Upon completion, Rivpe will become a wholly owned subsidiary of Zaggle. Rivpe, incorporated in July 2023, operates in the fintech space offering UPI payment [&hellip;]
- [MosChip Technologies Partners With EMASS for Ultra-Low-Power Edge AI SoC Development](https://angelnews.in/stocknews/moschip-emass-edge-ai-soc-collaboration/): MosChip Technologies announced its collaboration with EMASS to support the silicon implementation of the ECS-DoT Edge AI System-on-Chip, an ultra-low-power chip designed for always-on intelligence across wearables, drones, industrial IoT systems, and edge sensors. EMASS led the architecture design of the ECS-DoT SoC, targeting up to 93% faster processing and nearly 90% lower energy consumption than conventional edge AI solutions. MosChip contributed engineering support across 22nm silicon implementation, including physical design workflows, tape-out coordination, packaging, assembly, evaluation hardware, and validation activities. The ECS-DoT SoC is based on a RISC-V architecture and integrates dual neural accelerators and 4MB of on-chip memory. It [&hellip;]
- [JSW Steel Announces Strategic 50:50 Joint Venture With JFE Steel Japan at INR 31,500 Crore Equity Value](https://angelnews.in/stocknews/joint-venture/jsw-steel-jfe-steel-japan-joint-venture-31500-crore/): JSW Steel Ltd announced a major strategic collaboration with Japan based JFE Steel Corporation through the creation of a 50:50 joint venture valued at INR 31,500 crore. The company confirmed that the steel business undertaking of Bhushan Power and Steel Limited will be transferred to the joint venture via a slump sale worth INR 24,483 crore. As part of the agreement, JFE Steel will invest INR 15,750 crore in two tranches to secure a 50 percent stake in the joint venture. JSW stated that this partnership supports its long term expansion roadmap, including its objective of reaching 50 million tonnes per [&hellip;]
- [Paramatrix Technologies to Fully Acquire Metasys Software for Rs. 14.1 Crore](https://angelnews.in/stocknews/acquisition/paramatrix-technologies-acquires-metasys-software-100-percent/): Paramatrix Technologies Limited has announced that its Board of Directors has approved the complete acquisition of Metasys Software Private Limited, marking a key strategic expansion in its technology portfolio. The approval was granted during the board meeting held on 3 December 2025. As part of the transaction, Paramatrix will acquire all 11,800 equity shares of Metasys, representing full ownership of the company. The deal, valued at Rs. 14.1 crore and structured entirely in cash, will be executed in three tranches over a one-year period, in line with the terms of the Share Purchase Agreement. Metasys Software, incorporated in 1996, operates in [&hellip;]
- [Blue Cloud Softech Solutions Secures ₹110.08 Crore Data Annotation Project After High-Accuracy Pilot Project](https://angelnews.in/sme-stock-news/blue-cloud-softech-solutions-secures-110-crore-data-annotation-project/): Blue Cloud Softech Solutions Ltd has announced that it has secured a major Data Annotation and AI Training Services project from Stratos Forge Inc, following a highly successful pilot phase that showcased strong performance and accuracy. The full-scale project has been valued at approximately ₹110.08 crore, marking a significant upgrade from the earlier pilot engagement, which was valued at around ₹18 crore. During the pilot phase, the company achieved a notable annotation accuracy of 96.68 percent, which played a key role in securing the larger contract. The project will be delivered using Blue Cloud’s in-house infrastructure, automation-powered annotation systems, and Centre [&hellip;]
- [Angel One Achieves 35.08 Million Client Base with 6.17 Million Daily Orders in November 2025](https://angelnews.in/latestnews/angel-one-35-million-clients-november-2025-business-update/): Angel One Limited published its operational metrics for November 2025, presenting growth in client-related indicators and mixed movement in trading activity across market segments. The client base increased to 35.08 million, up from 34.57 million in October 2025 and 28.78 million in November 2024. Gross client acquisition was reported at 0.50 million, compared with 0.56 million in the previous month and 0.60 million last year. The company recorded a historic high average client funding book of Rs 59.50 billion, higher than Rs 57.91 billion in October 2025 and Rs 39.65 billion in November 2024. Trading volumes saw moderation. Total orders declined [&hellip;]
- [IRFC Secures USD 300 Million Equivalent Funding from SMBC to Boost Railway Infrastructure](https://angelnews.in/stocknews/irfc-ecb-loan-agreement-usd-300-million-smbc-gift-city/): Indian Railway Finance Corporation (IRFC) has formalised a loan agreement with the Sumitomo Mitsui Banking Corporation (SMBC), GIFT City Branch, to secure an External Commercial Borrowing (ECB) of JPY equivalent USD 300 million. This marks IRFC’s re-entry into the global ECB market after a gap of more than three years, aligning with its strategy to strengthen and diversify funding channels. The agreement was executed in Gandhinagar at GIFT City, where officials from both organisations were present. The unsecured loan carries a five-year tenor and is benchmarked to the Overnight Tokyo Overnight Average Rate (TONAR), reflecting prevailing international interest rate standards. IRFC [&hellip;]
- [Tata Elxsi, University of Illinois Urbana-Champaign and OSF HealthCare Launch Initiative to Enhance Rural Healthcare Access in the U.S.](https://angelnews.in/worldnews/tata-elxsi-university-of-illinois-osf-healthcare-rural-healthcare-initiative/): Tata Elxsi has announced a strategic partnership with the University of Illinois Urbana-Champaign and OSF HealthCare to strengthen healthcare access across rural regions in the United States. The collaboration aims to address longstanding challenges faced by remote communities by introducing advanced digital health kiosks supported by AI-driven technology. The initiative combines technology, medical research, and real-time healthcare insights to deploy digital kiosks that will improve local access to primary and preventive healthcare. Rural areas often struggle with limited medical facilities, long travel distances, poor connectivity, and low awareness of digital health solutions—factors that contribute to delays in seeking care. The project [&hellip;]
- [Apollo Micro Systems Gets 15-Year DPIIT Defence Manufacturing License for Unmanned Aerial Systems, INS and Radar Systems](https://angelnews.in/stocknews/apollo-micro-systems-15-year-dpiit-defence-manufacturing-license-uas-ins-radar/): Apollo Micro Systems Limited has been granted a 15-year defence manufacturing license by the Department for Promotion of Industry and Internal Trade (DPIIT), enabling the company to expand its capabilities in defence technology and advanced aerospace systems. The approval permits the company to manufacture unmanned helicopters, Unmanned Aerial Systems (UAS), Inertial Navigation Systems (INS), and complete radar equipment, including associated subsystems. The licence strengthens the company’s eligibility for upcoming defence manufacturing opportunities. Apollo Micro Systems is currently developing multiple UAS platforms and working with domestic and international partners on logistics, delivery, and attack-class unmanned systems. These platforms are progressing on schedule [&hellip;]
- [RNIT AI Solutions Deploys AI Facial Recognition Technology for Government Offices in Goa](https://angelnews.in/sme-stock-news/rnit-ai-solutions-statewide-facial-recognition-attendance-system-goa/): RNIT AI Solutions Limited has completed the rollout of its AI-driven Facial Recognition System across the State of Goa. The deployment, executed under a Software-as-a-Service model, has been carried out for the Directorate of Panchayats through Goa Electronics Limited. This marks the first statewide introduction of NIYAMIT GOA, an advanced mobile app–based facial recognition attendance solution developed by the company. The system is now operational across all Village Panchayats, Block Development Offices, the Directorate of Panchayats, and associated sub-offices, enabling instant and secure attendance authentication for employees. The company confirmed that the project has been delivered within the normal course of [&hellip;]
- [Ola Electric Introduces India Wide In App Service Scheduling to Strengthen Hyperservice Platform](https://angelnews.in/latestnews/ola-electric-pan-india-in-app-service-appointment-hyperservice/): Ola Electric has introduced a nationwide in-app service appointment feature designed to streamline after-sales support for its electric vehicle customers. The new capability allows users across India to schedule service slots, track ongoing service activities, and manage all service-related interactions within the Ola Electric app, offering a more convenient and transparent experience. The integrated system brings the complete service journey onto a single digital platform, helping customers avoid delays and complications that often arise from traditional booking processes. As a Direct-to-Consumer (D2C) brand, the company continues to reinforce reliability by enabling customers to engage directly with Ola Electric, ensuring access to [&hellip;]
- [DreamFolks Services to Acquire 60.24% Stake in ETT Solutions DMCC for ₹36 Crore](https://angelnews.in/stocknews/acquisition/dreamfolks-services-to-acquire-60-24-stake-in-ett-solutions-dmcc-for-36-crore/): DreamFolks Services Limited has approved an investment of approximately ₹36 crore to acquire a 60.24% stake in ETT Solutions DMCC. The decision was taken during the company’s board meeting held on December 1, 2025. The acquisition will be completed through a mix of secondary share purchase and subscription to newly issued shares, following which ETT will operate as a foreign subsidiary. ETT Solutions DMCC has shown significant financial improvement, moving from a net loss in 2024 to a stronger position in 2025. For the ten months ending October 31, 2025, the company reported a turnover of AED 7.6 million and a [&hellip;]
- [Tilaknagar Industries Completes Acquisition of Imperial Blue Business Division from Pernod Ricard India](https://angelnews.in/stocknews/acquisition/tilaknagar-industries-acquires-imperial-blue-business-division/): Tilaknagar Industries Limited (TI), a leading Indian-Made Foreign Liquor (IMFL) manufacturer, has completed the acquisition of the Imperial Blue (IB) business division from Pernod Ricard India through a slump sale valued at ₹3,442 crore. The transaction includes an additional deferred payment of €28 million, payable in November 2029. The acquisition has been financed through internal cash accruals, a preferential equity issue amounting to ₹2,093 crore, and ₹2,100 crore in term loans secured from lenders. The deal received regulatory approval ahead of closure. Imperial Blue is recognised as India’s third-largest whisky brand, with annual sales of 22.4 million nine-litre cases and revenue [&hellip;]
- [Quick Heal Technologies Secures ₹64.25 Crore Cyber Security Project from NFSU Research and Innovation Council](https://angelnews.in/stocknews/quick-heal-cyber-security-project-nfsu-research/): Quick Heal Technologies Limited announced that it has secured a major contract from the NFSU Research and Innovation Council for the implementation of integrated cyber security solutions. The development supports the company’s broader strategy of delivering advanced cyber security offerings to institutional and government clients. The contract, valued at ₹64.25 crore, has a tenure of five years and focuses on providing comprehensive cyber security solutions tailored to the organisation’s requirements. The mandate has been awarded by a domestic institution recognised as an Institution of National Importance. The company stated that this engagement represents a significant commercial milestone and reinforces its position [&hellip;]
- [Anlon Healthcare to Acquire 56.67% Stake in Bizotic Lifescience for ₹3.79 Crore](https://angelnews.in/stocknews/acquisition/anlon-healthcare-bizotic-lifescience-acquisition-56-67-percent/): Anlon Healthcare Limited has announced that it has entered into a Share Purchase Agreement (SPA) to acquire a 56.67% stake in Bizotic Lifescience Private Limited. The agreement involves the purchase of 25.5 lakh equity shares at ₹14.89 per share, amounting to a total cash consideration of ₹3,79,69,500. Following the completion of the transaction, Anlon Healthcare will gain management control of Bizotic Lifescience, thereby making it a subsidiary. The acquisition aims to strengthen the company’s pharmaceutical manufacturing capabilities by providing immediate access to ready-to-operate facilities. Bizotic Lifescience, incorporated in 2015, is engaged in the manufacturing and export of active pharmaceutical ingredients (APIs), [&hellip;]
- [63 moons technologies Gets NCLT Approval for Rs 1950 Crore NSEL Settlement Covering 5682 Traders](https://angelnews.in/latestnews/nclt-approves-63-moons-technologies-nsel-1950-crore-settlement/): The National Company Law Tribunal (NCLT) Mumbai has approved the Scheme of Arrangement between National Spot Exchange Limited (NSEL) and its specified creditors, marking a major milestone in resolving long-pending settlement issues. The update was formally communicated by 63 moons technologies limited following the tribunal’s decision. The approved One Time Settlement Scheme aims to provide closure to 5,682 traders affected by the 2013 NSEL payment crisis. The proposal, supported by 63 moons, received overwhelming approval during the voting exercise, with 92.81 percent of traders by number and 91.35 percent by value supporting the settlement. As per the approved plan, NSEL will [&hellip;]
- [SEPC Limited Subsidiary SEPC FZE Wins ₹85 Crore EPC Contract for Energy Infrastructure Upgrade in UAE](https://angelnews.in/stocknews/order-wins/sepc-limited-subsidiary-sepc-fze-85-crore-epc-contract-uae/): SEPC Limited announced that its UAE subsidiary, SEPC FZE, has secured an EPC subcontract worth AED 35 million (approximately ₹85 crore) for a strategic energy infrastructure upgrade project in the United Arab Emirates. The development marks a significant expansion of the company’s operational presence in the Middle East. The order, awarded by Lauren Middle East Engineering Construction L.L.C., includes the installation of a new Emergency Shutdown (ESD) system, Nitrogen Generation Unit, and an advanced Public Address &amp; General Alarm (PAGA) System at Mubarraz Island. The project forms part of the Abu Dhabi Oil Company (ADOC) development framework. According to the company, [&hellip;]
- [MapmyIndia Mappls and Zoho CRM Partner to Bring Location Intelligence Integration](https://angelnews.in/stocknews/mapmyindia-mappls-zoho-crm-location-intelligence-integration/): MapmyIndia Mappls announced a new collaboration with Zoho CRM to introduce indigenous location intelligence features within the CRM platform. The integration brings MapmyIndia’s Address Capture and Nearby Lead Finder tools directly into Zoho CRM, enabling companies to make smarter, location-aware business decisions. The companies stated that the partnership represents a significant milestone for India’s technology ecosystem, combining homegrown digital mapping with advanced business software. Leaders from both organisations highlighted that the initiative strengthens the vision of self-reliant digital innovation while enhancing operational efficiency for enterprises. With this integration, Zoho CRM users can capture verified customer addresses, visualise customer locations, identify sales [&hellip;]
- [TV Today Network to Sell 3 Stations of 104.8 FM in Mumbai, Delhi & Kolkata to Abhijit Realtors in ₹10 Crore Deal](https://angelnews.in/stocknews/tv-today-network-sells-3-1048-fm-stations-to-abhijit-realtors/): TV Today Network Limited has approved a proposal to divest its FM radio broadcasting business, involving three 104.8 FM stations operating in Mumbai, Delhi and Kolkata. The decision comes as part of the company’s strategy to streamline operations and concentrate on core business areas. The sale will be executed through Vibgyor Broadcasting Private Limited, a wholly owned subsidiary of TV Today Network. The transfer will occur as a going concern and will require multiple regulatory approvals, including permissions from the Ministry of Information and Broadcasting. The radio division recorded revenue of ₹14.16 crore in FY 2024–25, contributing 1.41% to the company’s [&hellip;]
- [Blue Cloud Softech Signs Joint Venture With US-Based Byte Eclipse for Edge-AI Chip EclipseX1 Development](https://angelnews.in/stocknews/joint-venture/blue-cloud-softech-joint-venture-with-byte-eclipse-eclipsex1-development/): Blue Cloud Softech Solutions Limited has announced a Joint Venture agreement with Byte Eclipse Technologies Inc., USA, to expand its semiconductor and Edge-AI hardware capabilities. The collaboration focuses on the development, manufacturing and global commercialization of a next-generation Edge-AI microprocessor chipset named EclipseX1, designed to support high-performance, low-latency artificial intelligence solutions. The new Joint Venture is valid for an initial period of five years and carries a projected business potential ranging from USD 65 million to USD 80 million, driven by chip sales, licensing revenue, and integration services. The chipset development utilizes proprietary technology transferred from an international R&amp;D partner. Advanced [&hellip;]
- [Varroc Engineering Wins Major High Voltage Electronics Contract with Global EV OEM](https://angelnews.in/stocknews/varroc-engineering-high-voltage-electronics-contract-ev-oem/): Varroc Engineering Limited has secured a major contract to supply High Voltage electronics components to a prominent electric vehicle manufacturer, marking a key step forward in its global electric mobility expansion strategy. The scope of the partnership includes high-performance e-powertrain components such as power electronics units, inverters, onboard chargers, battery management systems and DC-DC converters. Production will be carried out at Varroc’s Romania-based manufacturing facility, with a focus on maintaining international standards in quality and delivery. This contract is set to be fulfilled over a period of eight years, with the peak annual capacity estimated at ₹8,000 million. Leadership at Varroc [&hellip;]
- [AdaniConneX to Acquire 100% Stake in Trade Castle Tech Park for ₹231.34 Crore](https://angelnews.in/stocknews/acquisition/adaniconnex-to-acquire-100-stake-in-trade-castle-tech-park-for-231-34-crore/): Adani Enterprises Limited announced that its joint venture, AdaniConneX Private Limited (ACX), has signed a Share Purchase Agreement to acquire 100% equity stake in Trade Castle Tech Park Private Limited (TCTPPL). The agreement was executed on 21 November 2025. The acquisition, valued at ₹231.34 crore and fully funded through cash, aims to strengthen ACX’s infrastructure development portfolio. TCTPPL, incorporated in October 2023 and based in Mumbai, focuses on infrastructure development activities. Although commercial operations are yet to commence, the company owns a sizeable land parcel and holds key licenses that will support future project execution. The acquisition does not fall under [&hellip;]
- [Tata Power to Acquire 40% Stake Worth ₹1,572 Crore in 1125 MW Bhutan Hydro SPV](https://angelnews.in/stocknews/tata-power-bhutan-hydro-spv-acquisition-1572-crore/): Tata Power Company Limited has executed a Shareholders Agreement with Druk Green Power Corporation Limited (DGPC) for acquiring a 40% equity stake in a Special Purpose Vehicle (SPV) that will oversee the development of the 1125 MW Dorjilung Hydropower Project in Bhutan. The update follows the company’s earlier communication regarding the proposed investment. The SPV is yet to be incorporated, and additional details will be provided once the process is completed. The hydropower project carries an estimated cost of ₹13,100 crore and aligns with Tata Power’s broader strategy to expand its clean and green energy portfolio. The acquisition does not currently [&hellip;]
- [IndiGo to infuse USD 820 million into InterGlobe Aviation Financial Services IFSC for asset expansion](https://angelnews.in/latestnews/indigo-to-infuse-usd-820-million-into-interglobe-aviation-financial-services-ifsc/): InterGlobe Aviation Limited, the parent company of IndiGo, has approved a capital investment of USD 820 million (INR 7266.4 crore) in its wholly owned subsidiary, InterGlobe Aviation Financial Services IFSC Private Limited (IndiGo IFSC). The approval was finalised at the company’s board meeting held on 21 November 2025. The investment will be made in multiple tranches during FY 2025-26, with the funds primarily directed towards the acquisition of aviation assets, enabling IndiGo to expand ownership of aircraft and diversify its financing structure. The airline, which has traditionally depended on operating leases, aims to strengthen its long-term asset portfolio through this capital [&hellip;]
- [PVR INOX Opens 6-Screen Luxury Multiplex at Elegante Unity One Mall Delhi](https://angelnews.in/stocknews/pvr-inox-opens-luxury-multiplex-elegante-unity-one-mall/): PVR INOX Limited has announced the launch of a new six-screen multiplex at Elegante Unity One Mall, Netaji Subhash Place (NSP), Pitampura, Delhi. The cinema has been developed under the company’s Asset Light Model, which enables cost-effective expansion through shared investment. The newly launched PVR INOX Cinemagic offers 792 seats and features two Luxe auditoriums, one P[XL] large-format screen, and three themed mainstream screens inspired by Forest, Galaxy, and Ocean concepts. All screens come equipped with 4K Laser Projection, Dolby 7.1 Surround Sound, and premium recliner seating to enhance the viewing experience. The property is designed as a multi-experience destination, combining [&hellip;]
- [Blue Cloud Softech Signs MoU with APEDB to Invest ₹400 Crore in Andhra Pradesh Healthcare Technology](https://angelnews.in/indianews/andhra-pradesh-news/blue-cloud-apedb-400-crore-healthcare-technology-investment/): Blue Cloud Softech Solutions Limited has entered into a Memorandum of Understanding with the Andhra Pradesh Economic Development Board to invest approximately ₹400 crore in the state’s healthcare technology sector. The MoU was signed at APIIC Towers in Mangalagiri, Guntur district, with senior officials from both entities present. As part of the agreement, the company will launch its flagship healthcare technology initiative, BluBio, in either Amaravathi or Visakhapatnam. The project will span a 30-acre site and aims to advance technological infrastructure while supporting regional economic growth. Blue Cloud plans to generate around 1,200 direct employment opportunities by 2027 in roles across [&hellip;]
- [VA Tech WABAG Secures ADB-Funded Large DBO Order From Nepal’s Melamchi Water Supply Development Board](https://angelnews.in/latestnews/wabag-adb-funded-255-mld-water-treatment-project-nepal/): VA Tech WABAG Limited announced that it has secured a significant Design, Build and Operate (DBO) order funded by the Asian Development Bank from the Melamchi Water Supply Development Board, Government of Nepal. The project covers the development of the Sundarijal Water Treatment Plant with a capacity of 255 million litres per day. The plant will be built next to the existing Melamchi facility and will treat water drawn from the Melamchi, Yangri and Larke rivers. The new plant is designed to meet Nepal’s National Drinking Water Quality Standards and aims to support long-term water security in the Kathmandu Valley. The [&hellip;]
- [Knowledge Marine & Engineering Works Secures ₹384.33 Crore Green Tug Contract from Visakhapatnam Port Authority](https://angelnews.in/stocknews/order-wins/kme-wins-384-33-crore-green-tug-contract-visakhapatnam-port-authority/): Knowledge Marine &amp; Engineering Works Limited (KMEW) has announced the receipt of a new work order worth ₹384.33 crore from the Visakhapatnam Port Authority (VPA). The contract covers the manning, operation, maintenance and complete technical management of one contractor-owned ASTDS-GTTP Green Tug over a 15-year period. This marks the company’s second major long-term order for a next-generation electric Green Tug, further strengthening its position in India’s growing clean-energy marine operations segment. The tug, equipped with a 60-ton bollard pull capacity and a battery-powered zero-emission propulsion system, is compliant with the Government of India’s Green Tug Transition Program (GTTP). KMEW stated that [&hellip;]
- [Inox Wind and KP Energy Sign MoU to Develop 2.5 GW Wind Projects Across India](https://angelnews.in/stocknews/mou/inox-wind-kp-energy-sign-mou-for-2-5-gw-wind-projects-india/): Inox Wind Limited announced that it has signed an exclusive Memorandum of Understanding with KP Energy Limited to jointly develop 2.5 GW of wind and wind-solar hybrid power projects across various Indian states. The agreement marks a strategic collaboration between two prominent players in the renewable energy sector, combining manufacturing expertise with strong project development capabilities. Under the MoU, Inox Wind and its subsidiaries will supply Wind Turbine Generators, provide engineering support including USS design, transformer specifications and foundation design, and undertake pre-commissioning, commissioning and long-term operations and maintenance of the WTGs. The company’s fully integrated manufacturing base and engineering strength [&hellip;]
- [Kings Infra Ventures Announces ₹500 Crore Integrated Aquaculture Technology Park in Srikakulam](https://angelnews.in/indianews/andhra-pradesh-news/kings-infra-ventures-500-crore-aquaculture-park-srikakulam/): Kings Infra Ventures Ltd. (BSE: 530215), a company engaged in sustainable aquaculture since 1987, has announced significant progress on its proposed Integrated Aquaculture Technology Park in North Andhra. The company plans to establish a 500-acre Integrated Maritech and Aquaculture Cluster in the Vizag–Srikakulam region with an initial investment commitment of ₹500 crore. Land Identification Moves Forward Following the submission of a Letter of Intent to the Government of Andhra Pradesh, senior company officials—Mr. Sriram Inagalla, COO – International Business, and Mr. Joseph Raghunath, Head of Operations—held discussions with the Srikakulam District Collector and the Mandal Revenue Officer. The discussions focused on [&hellip;]
- [Azimuth AI and Cyient Semiconductors Launch India’s First IP Powered Silicon Chip ARKA GKT-1](https://angelnews.in/stocknews/azimuth-ai-and-cyient-semiconductors-launch-silicon-chip-arka-gkt-1/): Azimuth AI and Cyient Semiconductors announced the launch of ARKA GKT-1, India’s first-generation IP-powered silicon chip engineered for high-efficiency edge AI and smart energy applications. The announcement was made on 17 November 2025 in New Delhi. The chip was formally unveiled by Shri Ashwini Vaishnaw, Union Minister for Electronics &amp; IT, marking a significant development in India’s push toward semiconductor self-reliance and advancement in deep-tech design. ARKA GKT-1 has been co-developed by Azimuth AI and Cyient Semiconductors as a highly integrated, ultra-low-power system-on-chip (SoC). The solution combines multi-core custom computation, advanced analog sensing, memory subsystems and intelligent power management into a [&hellip;]
- [Phantom Digital Effects H1 FY26: Income Jumps to ₹88.30 Crore, PAT at ₹20.69 Crore](https://angelnews.in/stocknews/results/phantom-digital-effects-h1-fy26-income/): Phantom Digital Effects Limited recorded a strong financial performance in the first half of FY26, supported by rapid expansion across global content markets, increased project deliveries, and enhanced production efficiencies. The company reported substantial growth across all major financial indicators. For H1 FY26, total income grew 140.91% year-on-year to ₹88.30 crore, compared to ₹36.65 crore in the same period last year. EBITDA rose to ₹28.62 crore, reflecting a 75.39% YoY increase over ₹16.32 crore in H1 FY25. The company reported an EBITDA margin of 32.42%, driven by improved operating leverage and high-quality project execution. Profit After Tax surged 149.99% YoY to [&hellip;]
- [Cyient Foundation and SIDBI launch AI and Future Skills Center in Nagaland to train 240 youth annually](https://angelnews.in/stocknews/cyient-foundation-sidbi-ai-future-skills-center-excellence-nagaland/): Cyient Foundation, the CSR arm of Cyient, has partnered with SIDBI Swavalamban Foundation to establish an AI and Future Skills Center of Excellence at the Nagaland Tool Room and Training Centre in Dimapur. The initiative aims to enhance AI-led skilling, digital literacy and employability among youth in the North-East region. The Center was inaugurated by Finance Minister Nirmala Sitharaman, along with Nagaland Deputy Chief Minister Y Patton and Dr BVR Mohan Reddy, Founder Chairman of Cyient Limited. The project marks a major step in expanding access to advanced technology training in emerging regions. Acting as the Program Management and Implementation Partner, [&hellip;]
- [Titan Intech Signs MoU With APEDB for ₹250 Crore Display Electronics Facility in Amaravati](https://angelnews.in/indianews/andhra-pradesh-news/titan-intech-apedb-amaravati-display-electronics-facility/): Titan Intech Limited has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) to establish a state-of-the-art Integrated Display Electronics Manufacturing Facility in the Amaravati Capital Region. The company stated that this agreement strengthens its position in India’s next-generation display technology and electronics manufacturing sector. The project involves a phased investment of approximately ₹250 crore and focuses on creating end-to-end capabilities in high-value display and controller technologies. Titan Intech will collaborate with a leading South Korean OEM to support technology transfer, accelerate process maturity, and ensure global standards in advanced electronics manufacturing. The upcoming facility will [&hellip;]
- [Rossell Techsys Receives Lockheed Martin Outstanding Supplier Recognition 2025](https://angelnews.in/stocknews/rossell-techsys-lockheed-martin-outstanding-supplier-recognition-2025/): Rossell Techsys Limited has been honoured with the Outstanding Supplier Recognition by Lockheed Martin’s Global Supply Chain Organization for its consistent performance and contribution to key aerospace and defence programs. The acknowledgment was presented during the Lockheed Martin Annual Suppliers Conference 2025 held in Bengaluru. The award was received by Managing Director Rishab Gupta and Chief Executive Officer Senthil Balasubramanian, who represented Rossell Techsys at the event. The citation praised the company’s “outstanding support, dedication, and commitment to success,” highlighting its role in manufacturing cable harness assemblies for Lockheed Martin’s Aeronautics, Rotary and Mission Systems, and Missiles and Fire Control divisions. [&hellip;]
- [NSDL Q2 FY26 Results: 4.19 Crore Demat Accounts, ₹432.2 Crore in Consolidated Income, ₹110.3 Crore PAT](https://angelnews.in/stocknews/results/nsdl-q2-fy26-results-4-19-cr-accounts/): National Securities Depository Limited (NSDL) reported strong financial and operational performance for the quarter ended September 30, 2025. The company delivered robust growth in income, profitability, market share, and demat account expansion, reinforcing its leadership position in India’s depository ecosystem. Financial Performance NSDL’s standalone total income increased to ₹250.6 crore, a rise of 18.9% YoY compared to ₹210.8 crore in the same quarter last year. Standalone profit after tax stood at ₹120.4 crore, marking 18.3% YoY growth. On a consolidated basis, the company posted ₹432.2 crore in income, up 12.2% YoY, while consolidated PAT improved 14.7% YoY to ₹110.3 crore. Quarter-on-Quarter [&hellip;]
- [Eicher Motors Q2 FY26 Results: 3.27 lakh motorcycles sold, ₹6,172 crore revenue, ₹1,369 crore PAT](https://angelnews.in/stocknews/results/eicher-motors-q2-fy26-results-3-27-lakh-sales-revenue-pat/): Eicher Motors Limited reported its strongest-ever quarterly performance for Q2 FY26, driven by sharp increases in revenue, profitability, and vehicle deliveries across Royal Enfield and VE Commercial Vehicles (VECV). The company continued its upward momentum supported by festive demand, refreshed motorcycle line-up, and steady commercial vehicle sales. Record Financial Performance Eicher Motors posted consolidated revenue of ₹6,172 crore for Q2 FY26, marking a robust 45 percent year-on-year rise. EBITDA increased 39 percent to ₹1,512 crore, while Profit After Tax expanded 25 percent to ₹1,369 crore, compared to ₹1,100 crore in the same quarter last year. Royal Enfield delivered its highest-ever quarterly [&hellip;]
- [Mahindra & Mahindra Ltd and Manulife Sign 50:50 Joint Venture to Launch New Life Insurance Company](https://angelnews.in/stocknews/joint-venture/mahindra-and-mahindra-ltd-manulife-life-insurance-jv-india/): Mahindra &amp; Mahindra Ltd. (M&amp;M) and The Manufacturers Life Insurance Company (Manulife) have announced an agreement to establish a 50:50 life insurance joint venture in India. The new entity will operate in the life insurance segment, focusing on long-term savings and protection solutions tailored to India’s expanding financial market. According to the company’s exchange filing, M&amp;M’s Board approved the partnership on 12 November 2025. The joint venture company (JVCo) will be incorporated as a public limited company under the Companies Act, 2013. Once operational, both shareholders will hold an equal 50% stake in the JVCo. The collaboration aims to combine Mahindra’s [&hellip;]
- [BSE Limited Infuses ₹41.28 Crore in India INX to Strengthen Operations and Stake](https://angelnews.in/stocknews/bse-limited-invests-41-28-crore-in-india-inx/): BSE Limited has infused ₹41.28 crore into its subsidiary, India International Exchange (IFSC) Limited (India INX), by subscribing to a rights issue through the Overseas Direct Investment (ODI) route. The capital infusion aims to support ongoing operations and fund new strategic initiatives of the exchange. The move follows BSE’s earlier board approval dated August 7, 2025. With this latest investment, BSE Limited’s shareholding in India INX is set to increase to 65.27%, assuming full subscription of the rights issue. India INX, based in GIFT City, Gandhinagar, Gujarat, is a recognized stock exchange regulated by the International Financial Services Centre Authority (IFSCA). [&hellip;]
- [ITI Limited Partners with Kerala Government to Launch Kerala Savaari 2.0](https://angelnews.in/latestnews/iti-limited-kerala-savaari-2-0-launch/): ITI Limited, India’s first public sector undertaking (PSU) post-independence and a leading telecom manufacturing company, has partnered with the Government of Kerala to launch Kerala Savaari 2.0 — an upgraded version of the state’s online auto and cab booking platform. The upgraded platform was officially launched on November 4, 2025, in Thiruvananthapuram by Kerala’s Labour Minister, Mr. Sivankutty, in the presence of Labour Commissioner Smt. Safna Nazarudeen IAS, technical partners, labour union leaders, and media representatives. Multi-Modal Expansion by December 2025 Currently operational in Thiruvananthapuram and Kochi, Kerala Savaari 2.0 aims to evolve into a comprehensive multi-modal transport app by December [&hellip;]
- [VA Tech WABAG announces BLUE SEED investment in Bengaluru-based Nimble Vision](https://angelnews.in/stocknews/wabag-blue-seed-investment-nimble-vision/): VA Tech Wabag Limited, a leading Indian multinational in pure-play water technology, announced its first investment under the BLUE SEED initiative, marking a key milestone in promoting innovation-driven water solutions. The investment has been made in Bengaluru-based startup Nimble Vision, which specializes in developing indigenous DeepTech solutions for water conservation, automation, and real-time analytics. The collaboration aims to accelerate India’s journey towards a self-reliant water technology ecosystem by combining Nimble Vision’s innovation in DeepTech with Wabag’s extensive global expertise in water management. Through this strategic partnership, both companies seek to drive digital transformation across water infrastructure and improve water accountability for [&hellip;]
- [Tata Power to Acquire 40% Stake in Bhutan’s 1125 MW Dorjilung Hydropower Project](https://angelnews.in/worldnews/tata-power-acquires-40-percent-stake-bhutan-hydro-project/): Tata Power Company Limited has announced plans to acquire a 40% equity stake in a Special Purpose Vehicle (SPV) formed in partnership with Druk Green Power Corporation Limited (DGPC). The SPV will be established for the development of the 1125 MW Dorjilung Hydro Power Project in Bhutan, a significant renewable energy initiative with an estimated project cost of approximately ₹13,100 crore. The acquisition, valued at around ₹1,572 crore, will be executed in one or more tranches through a cash transaction. The first tranche is expected to be completed within six months, subject to the terms outlined in the forthcoming Shareholders Agreement [&hellip;]
- [Tata Power Q2 FY26 Results: PAT Rises 14% YoY to ₹1,245 Crore, Revenue at ₹15,769 Crore](https://angelnews.in/stocknews/results/tata-power-q2-fy26-results/): Tata Power Company Limited reported a 14% year-on-year growth in consolidated Profit After Tax (PAT) to ₹1,245 crore for the quarter ended September 30, 2025 (Q2 FY26). Revenue rose 3% to ₹15,769 crore, while EBITDA increased 6% to ₹4,032 crore, supported by improved operating efficiency and a diversified portfolio. For the first half of FY26, PAT grew 10% to ₹2,508 crore, with revenue up 4% to ₹33,233 crore and EBITDA rising 11% to ₹7,961 crore. Renewables Drive Growth The company’s renewable energy segment remained a major growth driver. Segment PAT increased 70% year-on-year to ₹511 crore in Q2 FY26, while EBITDA [&hellip;]
- [Paras Defence Bags Rs 35.68 Crore Order from Ministry of Defence for Anti-Drone Systems](https://angelnews.in/stocknews/order-wins/paras-defence-ministry-of-defence-order-worth-rs-35-68-crore/): Paras Defence and Space Technologies Limited announced that it has secured a defence order worth approximately Rs 35.68 crore including GST from the Ministry of Defence, Government of India. The order covers the supply of Portable Counter-Drone Systems (PCDS) designed to enhance anti-drone capabilities for national security. The company stated that the order is domestic in nature and does not fall within related party transactions. The execution is expected to be completed by May 2026. This latest contract strengthens Paras Defence’s position in India’s indigenous defence technology segment and underlines the growing demand for advanced counter-drone solutions across the nation’s security [&hellip;]
- [Reliance Power Subsidiary Secures 50 Percent Share in 1500 MW / 6000 MWh SJVN FDRE Auction](https://angelnews.in/stocknews/reliance-power-subsidiary-secures-50-percent-share-in-sjvn-fdre-auction/): Reliance Power Limited has announced that its subsidiary, Reliance NU Energies Private Limited, has received the Letter of Award (LOA) from SJVN Limited for 750 MW / 3000 MWh capacity in the first-of-its-kind FDRE ISTS tender. The tender had a total capacity allocation of 1500 MW / 6000 MWh and Reliance secured the highest share at 50% of the total awarded capacity. This project strengthens Reliance Group’s position as India’s largest Solar + Battery Energy Storage System (BESS) player. With the latest win, the Group now holds more than 4 GWp of solar and 6.5 GWh of BESS portfolio across four [&hellip;]
- [JSW Energy Commissions India’s Largest Green Hydrogen Plant at Vijayanagar, Karnataka with 3,800 TPA Output](https://angelnews.in/latestnews/jsw-energy-vijayanagar-karnataka-green-hydrogen-plant-commissioning/): JSW Energy Limited has announced the commissioning of its maiden Green Hydrogen manufacturing facility, which is also India’s largest operational green hydrogen plant, located at the JSW Steel facility in Vijayanagar, Karnataka. The commissioning marks a major milestone in the country’s clean energy transition and aligns with the National Green Hydrogen Mission goals. The project falls under the Production Linked Incentive (PLI) Scheme – Tranche I, and the plant will directly supply 3,800 tons per annum (TPA) of green hydrogen and 30,000 TPA of green oxygen to JSW Steel for low-carbon steelmaking at its Direct Reduced Iron (DRI) unit. This forms [&hellip;]
- [C.E. Info Systems(MapmyIndia) Q2 FY26 Results: Revenue at ₹113.8 Cr and PAT at ₹18.5 Cr](https://angelnews.in/stocknews/results/c-e-info-systems-q2-fy26-results/): C.E. Info Systems(MapmyIndia) reported consolidated revenue of ₹113.8 crore in Q2 FY26, compared to ₹103.7 crore posted in the same quarter last year. For the first half of FY26, revenue from operations increased 14.7% year-on-year to ₹235.4 crore, showcasing strong demand across digital mapping, platform services and IoT offerings. Financial Performance Total income for H1 FY26 stood at ₹259.5 crore. EBITDA during the half year reached ₹84.0 crore, while profit after tax remained broadly stable at ₹64.3 crore. Q2 FY26 EBITDA margin stood at 24.7%, while H1 FY26 EBITDA margin was at 35.7%. PAT margin for the quarter came in at [&hellip;]
- [Syrma SGS to Acquire 60 Percent Stake in Elcome for ₹235 Crore Expands into Defence and Maritime](https://angelnews.in/stocknews/acquisition/syrma-sgs-acquires-elcome-navicom-defence-maritime/): Syrma SGS Technology Ltd has announced the acquisition of Elcome Integrated Systems Private Limited and Navicom Technology International Private Limited as part of its strategic expansion into the defence and maritime manufacturing segment. The acquisition proposal was approved by the company’s Board on November 10, 2025. Under the first tranche of the transaction, Syrma SGS will acquire a 60% stake in Elcome for approximately ₹235 crore, through a combination of primary and secondary investment. The remaining three tranches are expected to be completed by December 2028, resulting in full 100% ownership. As part of this structured deal, Elcome will further acquire [&hellip;]
- [Dreamfolks to Acquire 50.01% Stake in Ten 11 Hospitality LLP for INR 11.46 Crore](https://angelnews.in/stocknews/acquisition/dreamfolks-ten11-hospitality-acquisition/): Dreamfolks Services Limited announced that its Board has approved an investment of INR 11.46 crore to acquire a 50.01% partnership stake in Ten 11 Hospitality LLP. The consideration will be settled in cash, and post completion, Ten 11 Hospitality LLP will become a subsidiary of Dreamfolks. The acquisition is aimed at strengthening Dreamfolks’ position in the railway lounge service ecosystem, where Ten 11 is currently operating as a key partner. This move is also expected to provide stronger physical infrastructure and assets across major railway station lounge locations. Ten 11 Hospitality LLP is engaged in premium lounge operations and has demonstrated [&hellip;]
- [Olectra Greentech Q2 FY26 Results: Consolidated Revenue Rises to Rs 656 Crore, PAT at Rs 49.43 Crore](https://angelnews.in/stocknews/results/olectra-greentech-q2-fy26-results/): Olectra Greentech Limited announced its Q2 FY26 standalone and consolidated financial results for the period ended 30 September 2025, with revenue growth led mainly by stronger electric vehicle business contribution. &nbsp; Standalone Financial Highlights – Q2 FY26 Revenue from operations: Rs 647 crore Total income: Rs 651.35 crore PAT: Rs 52.78 crore Total expenses: Rs 580.01 crore Cost of materials consumed: Rs 505.92 crore Employee benefit expenses: Rs 28.68 crore Finance cost: Rs 12.54 crore Depreciation &amp; amortisation: Rs 8.80 crore EPS (Basic &amp; Diluted): Rs 6.43 H1 FY26 standalone revenue: Rs 984.60 crore H1 FY26 standalone PAT: Rs 75.17 crore [&hellip;]
- [DAM Capital Q2 FY26 Results: INR 107 Cr Revenue, INR 52 Cr PAT Recorded](https://angelnews.in/stocknews/results/dam-capital-q2-fy26-results-record-revenue-profit/): DAM Capital Advisors Limited reported its highest-ever quarterly results in Q2 FY26 supported by strong primary market recovery and improved deal execution across equity capital markets. The company closed 12 transactions in the quarter which included nine IPOs, two Qualified Institutional Placements and one preferential issue. DAM Capital raised INR 13,695 crore during Q2 FY26 and achieved an 18 percent share of the IPO market by number of issues. The company added three new IPO mandates, taking the active pipeline to 21 IPOs, out of which 13 are positioned as Left Lead Banker. From Nov 2019 to September 2025, the company [&hellip;]
- [APCRDA invites bids for construction of Governor’s Residence Complex at Amaravati](https://angelnews.in/indianews/andhra-pradesh-news/governor-residence-amaravati-tender/): The Andhra Pradesh Capital Region Development Authority has invited national competitive bids for constructing the Governor’s Residence Complex at the Amaravati Government Complex region. The development includes the Governor Mansion, Assembly Durbar Hall, Governor Office, guest houses, officer residential units, staff accommodation and barrack facilities with supporting infrastructure and boundary security provisions. The tender value is estimated at ₹162.40 crore. Eligible Special Class Civil contractors and Class-I Electrical license holders can participate as per tender requirements. The defect liability period is applicable for 24 months post completion. Bid document downloads are open till November 20, 2025. Technical bids will be opened [&hellip;]
- [Ola Electric Q2 FY26 Results: ₹690 Cr Revenue and ₹418 Cr Net Loss](https://angelnews.in/stocknews/results/ola-electric-q2-fy26-results-690cr-revenue-418cr-loss/): Ola Electric reported consolidated revenue of ₹690 crore for Q2 FY26, compared to ₹828 crore in Q1 FY26. Net loss came in at ₹418 crore for the quarter, slightly improved from ₹428 crore in the previous quarter. The company reported other income at ₹66 crore during the period while total consolidated income stood at ₹756 crore. Operating expenses reduced meaningfully to ₹416 crore in Q2 FY26 from ₹451 crore in Q1 FY26, reflecting continued cost tightening and operational efficiencies. Consolidated gross profit for the quarter was ₹213 crore while depreciation, amortisation and finance cost combined stood at ₹281 crore. In the [&hellip;]
- [AXISCADES Signs MoU with France-based Electronic Bird Control to Bring Falcon-Style Drones to India](https://angelnews.in/stocknews/mou/axiscades-electronic-bird-control-mou-india/): AXISCADES Aerospace &amp; Technologies Limited, a subsidiary of AXISCADES Technologies Limited, has signed a strategic Memorandum of Understanding (MoU) with French drone manufacturer Electronic Bird Control to introduce the E-Raptor, a state-of-the-art falcon-inspired unmanned aerial vehicle, to the Indian market. The E-Raptor drone integrates biomimetic engineering and advanced UAV capabilities, offering enhanced stealth, aerial agility and operational performance. The lifelike falcon design aims to improve efficiency across a wide range of missions, including defence reconnaissance, homeland security, wildlife monitoring, airport bird control and other critical civilian applications. The company stated that it intends to localise E-Raptor drone production in India, aligning [&hellip;]
- [Angel One Client Base Hits 34.57 Million as ADTO Surges 23% MoM to Rs 59,294 Billion in October 2025](https://angelnews.in/stocknews/angel-one-client-base-hits-34-57-million/): Angel One Limited reported its operational performance update for October 2025, highlighting steady growth across key metrics despite lower trading days during the month. The brokerage’s client base increased to 34.57 million, marking a 1.5% rise over September 2025 and a 22.5% jump year-on-year. Gross client acquisition reached 0.56 million during the period. The company reported growth in trading activity as average daily orders moved up to 6.69 million — indicating 15.3% month-on-month improvement. Total orders for the month stood at 133.76 million. Angel One’s Average Daily Turnover (based on notional turnover) stood at Rs 59,294 billion, higher by 23.1% month-on-month [&hellip;]
- [Google’s Project Suncatcher Targets Space-Based AI Compute Powered by Solar Energy](https://angelnews.in/worldnews/google-project-suncatcher-space-based-ai-compute-plan/): Google is advancing a moonshot research initiative known as Project Suncatcher, aimed at exploring whether future AI compute can be scaled from space. The company’s long-term vision is to host ML compute workloads on solar-powered satellites outside Earth, directly harvesting the Sun’s massive energy output to support AI at global scale. The plan is built around deploying TPUs in space on compact satellite clusters positioned in close formation. These satellites would be networked with high-bandwidth free-space optical inter-satellite links capable of multi-terabit per second throughput. This formation-based architecture could eventually support highly scalable machine learning compute systems in orbit, reducing reliance [&hellip;]
- [GRSE Q2 FY26 Results: Revenue rises 45 Percent YoY to Rs 1677 Crore and PAT jumps to Rs 154 Crore](https://angelnews.in/stocknews/results/grse-q2-fy26-results-revenue-up-45-percent/): Garden Reach Shipbuilders &amp; Engineers Limited (GRSE) reported strong quarterly performance for Q2 FY26, supported by improved execution and a solid order pipeline. The company posted a 45 percent year-on-year growth in revenue from operations, reaching Rs 1677 crore in the quarter ended 30 September 2025. Total income increased 42 percent YoY to Rs 1746 crore. Profit After Tax for Q2 FY26 rose sharply to Rs 154 crore against Rs 98 crore in the same quarter last year. EBITDA for the quarter stood at Rs 225 crore, marking a 56 percent YoY growth. Profit Before Tax reached Rs 209 crore, up [&hellip;]
- [Blue Cloud Softech Solutions Limited Announces USD 150 Million ToT Agreement for EdgeAI Chip Development](https://angelnews.in/latestnews/blue-cloud-softech-150m-tot-edgeai-chip-agreement/): Blue Cloud Softech Solutions Limited has entered into a Technology Ownership Transfer (ToT) agreement valued at around USD 150 million with an Israel-based semiconductor technology company. The partnership aims to co-develop EdgeAI chip hardware design and manufacture semiconductors in India. Under this collaboration, the Israel partner will contribute the core hardware design architecture, while Blue Cloud Softech Solutions will build and own the software stack, including firmware, middleware and application development layers. This structure enables BCSSL to retain software IP ownership and chip-level technology control within India. The five-year agreement covers product development, technology integration and semiconductor manufacturing infrastructure creation in [&hellip;]
- [Route Mobile Reports Rs 1,119 Crore Revenue in Q2FY26 and Announces Rs 3 Interim Dividend](https://angelnews.in/stocknews/results/route-mobile-q2fy26-results-and-dividend/): Route Mobile Limited reported its consolidated financial performance for the second quarter ended September 30, 2025. The company posted revenue from operations at Rs 1,119.42 crore in Q2FY26, slightly higher compared to Rs 1,113.41 crore recorded in the same quarter last year. On a sequential basis, revenue improved from Rs 1,050.83 crore in Q1FY26. Despite revenue growth, profitability weakened due to exceptional items. The company recorded an exceptional impact of around Rs 135.87 crore during the quarter, resulting in a steep decline in bottom-line performance. Profit Before Tax dropped sharply to Rs 2 crore in Q2FY26 compared to Rs 137.34 crore [&hellip;]
- [Tata Capital secures USD 16 million GCF funding to boost India’s green start up ecosystem](https://angelnews.in/latestnews/tata-capital-secures-gcf-funding-for-green-startups-india/): Tata Capital Limited has partnered with the Green Climate Fund under the BEACON INDIA Programme to support early stage climate focused start ups across the country. The initiative is being implemented along with SIDBI and TREC STEP to strengthen India’s green innovation ecosystem. As part of the collaboration, Tata Capital will receive a revolving facility of USD 15.85 million from the Green Climate Fund and an additional USD 3 million grant to improve access to financing for green innovation ventures. The revolving model ensures that repayments made by start ups will be reinvested to fund new ventures, creating a continuous cycle [&hellip;]
- [L&T and General Atomics Form Strategic Partnership to Manufacture MALE RPAS in India](https://angelnews.in/indianews/defence-news/lt-and-general-atomics-form-strategic-partnership/): Larsen &amp; Toubro (L&amp;T) has announced a strategic partnership with the US-based General Atomics Aeronautical Systems, Inc. (GA-ASI) to manufacture Medium Altitude Long Endurance (MALE) Remotely Piloted Aircraft Systems (RPAS) in India for the Indian armed forces. Under this agreement, L&amp;T will serve as the prime bidder for the Ministry of Defence’s upcoming 87 MALE RPAS programme, while GA-ASI will act as the technology partner. The collaboration will focus on building combat-proven MQ-series RPAS platforms domestically, aligning with India’s push for indigenous defence manufacturing under the ‘Atmanirbhar Bharat’ and ‘Make in India’ initiatives. GA-ASI brings extensive operational experience in advanced unmanned [&hellip;]
- [Innovators Facade Systems Secures ₹223.79 Crore Work Orders from Aditya Birla Real Estate and K Raheja Corp](https://angelnews.in/sme-stock-news/innovators-facade-223cr-work-orders/): Innovators Facade Systems Limited announced the receipt of two major work orders worth approximately ₹223.79 crore for façade and glazing works. The contracts were awarded by Aditya Birla Real Estate Limited and K Raheja Corp, both prominent domestic developers. According to the company’s regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the work order from Aditya Birla Real Estate Limited is valued at around ₹146.19 crore for the “Tower B, Birla Niyaara” project located in Worli, Mumbai. The second order, from K Raheja Corp, amounts to approximately ₹77.60 crore for the “Baner 94_97” project in [&hellip;]
- [MosChip to Launch ProductXcelerate Blueprints at Embedded World North America](https://angelnews.in/stocknews/moschip-to-launch-productxcelerate-blueprints-at-embedded-world-north-america/): MosChip Technologies Limited, a global silicon and product engineering company, announced the launch of its ProductXcelerate Blueprints at Embedded World North America. The platform aims to redefine how original equipment manufacturers (OEMs) design and deliver intelligent, connected products in the AI-led product era. The ProductXcelerate Blueprints are pre-validated, vertical-ready reference designs that integrate validated hardware platforms, embedded software stacks, MosChip’s DigitalSky GenAIoT modules, and AgenticSky cores. This unified approach streamlines the entire engineering lifecycle, enabling OEMs to design once, certify once, and scale efficiently across product lines. MosChip’s Integrated Engineering model eliminates traditional integration barriers by aligning hardware, embedded software, digital, [&hellip;]
- [Microsoft invests $135 billion for 27 percent stake valuing OpenAI at $500 billion](https://angelnews.in/global-markets/microsoft-openai-135-billion-27-percent-stake/): Microsoft has announced a major expansion of its long-term partnership with OpenAI through a new definitive agreement that supports OpenAI’s transition into a public benefit corporation (PBC). The move strengthens the structure and governance of their collaboration while solidifying Microsoft’s role in the evolution of advanced artificial intelligence technologies. Under the new terms, Microsoft’s investment of $135 billion gives it approximately a 27 percent stake in OpenAI Group PBC, valuing the company at nearly $500 billion. The updated agreement clarifies key aspects such as intellectual property (IP) rights, research ownership, and future commercial collaborations, setting a clear roadmap for AI development [&hellip;]
- [HUDCO Signs MoUs Worth Over ₹5,500 Crore During India Maritime Week 2025](https://angelnews.in/latestnews/hudco-mou-india-maritime-week-2025/): Housing and Urban Development Corporation Limited (HUDCO) has signed three non-binding Memorandums of Understanding (MoUs) with major Indian port authorities during India Maritime Week 2025, strengthening its role in infrastructure financing for the maritime sector. Under the agreement with Paradip Port Authority (PPA), Odisha, HUDCO will explore and provide funding support of up to ₹5,100 crore for new and existing projects. The collaboration focuses on developing, modernizing, and upgrading port and allied infrastructure through both direct implementation and Public-Private Partnership (PPP) models. The two organizations will also organize joint workshops to enhance capacity building and technical expertise. In a separate MoU, [&hellip;]
- [Oil India and BPCL Sign MoU for ₹1 Lakh Crore Greenfield Refinery and Petrochemical Project in Andhra Pradesh](https://angelnews.in/indianews/andhra-pradesh-news/oil-india-bpcl-sign-mou-greenfield-refinery-andhra-pradesh/): Oil India Limited (OIL) and Bharat Petroleum Corporation Limited (BPCL) have entered into a strategic collaboration to develop a Greenfield Refinery and Petrochemical Complex near Ramayapatnam Port in Nellore district, Andhra Pradesh, marking a major milestone in India’s downstream energy sector. The proposed project, with an estimated investment of ₹1 lakh crore (approximately US$11 billion), will feature a refining capacity of 9–12 million metric tonnes per annum (MMTPA) and an ethylene cracker unit of 1.5 MMTPA. The mega facility is expected to commence commercial operations by FY 2030 and will serve as a key driver of growth for southern India’s refining [&hellip;]
- [Ola Electric Gets ARAI Approval for 5.2 kWh 4680 Bharat Cell Battery Pack](https://angelnews.in/stocknews/ola-electric-arai-certification-4680-bharat-cell-vehicles/): Ola Electric Mobility Limited has achieved a key milestone by securing certification from the Automotive Research Association of India (ARAI) for its indigenously developed 5.2 kWh battery pack powered by 4680 Bharat Cells. This certification is in accordance with the latest AIS-156 Amendment 4 standards issued by the Ministry of Road Transport and Highways. Following this approval, Ola Electric is preparing to launch vehicles powered by its own 4680 Bharat Cell battery packs. The certified pack will make its debut in the Ola S1 Pro+ (5.2 kWh), becoming the company’s first model to feature a battery entirely designed and developed in-house. [&hellip;]
- [HAL and Russia’s UAC Sign MoU to Manufacture SJ-100 Passenger Aircraft in India](https://angelnews.in/indianews/hal-uac-sign-mou-sj100-aircraft-india/): Hindustan Aeronautics Limited (HAL) and Russia’s Public Joint Stock Company United Aircraft Corporation (PJSC-UAC) have signed a Memorandum of Understanding (MoU) for the production of the SJ-100 civil commuter aircraft in India. The agreement was formalized in Moscow on October 27, 2025, by Shri Prabhat Ranjan from HAL and Mr. Oleg Bogomolov from UAC, in the presence of HAL Chairman and Managing Director Dr. D. K. Sunil and UAC Director General Mr. Vadim Badeka. The SJ-100 is a twin-engine, narrow-body passenger aircraft currently operated by more than 16 commercial airlines worldwide, with over 200 aircraft already in service. Through this partnership, [&hellip;]
- [KPIT Technologies to Raise €20 Million from HSBC and £20 Million from SMBC](https://angelnews.in/latestnews/kpit-technologies-loan-approval-hsbc-smbc/): KPIT Technologies Limited announced that its Board of Directors, in a meeting held on October 28, 2025, approved availing unsecured loans from overseas lenders to support its ongoing mergers and acquisitions (M&amp;A) strategy. The board approved raising up to €20 million from HSBC and £20 million from Sumitomo Mitsui Banking Corporation (SMBC) through its wholly owned subsidiary, KPIT Technologies (UK) Limited. The company clarified that the loans are unsecured and no corporate guarantee, indemnity, or letter of comfort has been provided by KPIT Technologies Limited (India). The move supports KPIT’s broader growth plan aimed at enhancing its technological leadership in mobility [&hellip;]
- [Tata Investment Corporation Posts ₹154.34 Crore Consolidated Revenue, ₹148 Crore PAT in Q2 FY26](https://angelnews.in/stocknews/results/tata-investment-corporation-q2-fy26-results/): Tata Investment Corporation Limited (TICL) reported its unaudited consolidated financial results for the quarter and half-year ended September 30, 2025, showing steady growth in revenue and profit on a year-on-year basis, backed by higher investment income and improved performance from associates. Quarterly Performance (Q2 FY26) The company’s consolidated total income for Q2 FY26 stood at ₹154.34 crore, compared to ₹142.62 crore in the same quarter last year, reflecting an 8.2% YoY rise. Sequentially, revenue increased 5.6% from ₹146.17 crore in Q1 FY26. Revenue from operations included dividend income of ₹116.44 crore, interest income of ₹7.35 crore, net gain on fair value [&hellip;]
- [Ola Electric Expands Hyperservice Into Open Platform for EV Spare Parts and Services](https://angelnews.in/stocknews/ola-electric-hyperservice-open-platform-ev-service/): Ola Electric Mobility Limited has announced the expansion of its Hyperservice platform into an open network that allows access to genuine spare parts, diagnostic tools, and service training for customers and independent garages. This initiative marks a significant step toward redefining electric vehicle (EV) servicing in India. Under this program, Ola Electric’s certified spare parts are now available for purchase directly through the Ola Electric Customer App and official website. This move eliminates middlemen and ensures customers and garages have access to high-quality, genuine components. The company said this initiative offers greater service freedom for over one million Ola customers across [&hellip;]
- [KMEW Secures ₹385.76 Crore Green Tug Contract from V.O. Chidambaranar Port Authority](https://angelnews.in/latestnews/kmew-green-tug-contract-vocpa/): Knowledge Marine &amp; Engineering Works Limited (KMEW) has announced that it has received a Letter of Intent (LOI) from the V.O. Chidambaranar Port Authority (VOCPA) for the deployment of a 60-ton Bollard Pull capacity electric tug under the Green Tug Transition Program (GTTP). The total contract value stands at ₹385.76 crore, inclusive of taxes, for a tenure of 15 years. Under the agreement, KMEW will handle the design, construction, operation, manning, maintenance, and complete technical management of the battery-operated electric green tug. The project marks a major step in India’s transition toward zero-emission port operations, with KMEW becoming one of the [&hellip;]
- [BSNL Partners with Blue Cloud Softech Solutions to Expand 5G FWA in Andhra Pradesh](https://angelnews.in/stocknews/blue-cloud-bsnl-5g-fwa-andhra-pradesh/): Blue Cloud Softech Solutions Limited (BSE: 539607), a leading Indian technology company specializing in AI and cybersecurity-driven IT solutions, has been empaneled by Bharat Sanchar Nigam Limited (BSNL) Andhra Pradesh Circle as a 5G Fixed Wireless Access (FWA) System Integrator. The company has also been empaneled at the national level for establishing and maintaining customer private networks. According to the official communication from BSNL-AP, the empanelment will remain valid for five years, from August 8, 2025, to August 7, 2030. Under the agreement dated July 31, 2025, Blue Cloud Softech Solutions will design, supply, deploy, operate, and maintain 5G infrastructure components, [&hellip;]
- [రిలయన్స్, మెటా భాగస్వామ్యంతో ₹855 కోట్ల ఎంటర్‌ప్రైజ్ AI జాయింట్ వెంచర్ – రిలయన్స్ ఎంటర్‌ప్రైజ్ ఇంటెలిజెన్స్ లిమిటెడ్ (REIL) ప్రారంభం](https://angelnews.in/telugu-news/reliance-meta-855cr-enterprise-ai-reil/): రిలయన్స్ ఇండస్ట్రీస్ లిమిటెడ్ (RIL) తన అనుబంధ సంస్థ రిలయన్స్ ఇంటెలిజెన్స్ లిమిటెడ్ ద్వారా కొత్త కంపెనీని స్థాపించింది. ఈ సంస్థ పేరు రిలయన్స్ ఎంటర్‌ప్రైజ్ ఇంటెలిజెన్స్ లిమిటెడ్ (REIL). ఇది 2025 అక్టోబర్ 24న భారతదేశంలో రిజిస్టర్ చేయబడింది. REIL‌ను రిలయన్స్ ఇంటెలిజెన్స్ పూర్తిగా సొంతంగా స్థాపించింది. ఈ కంపెనీ స్థాపనకు రిలయన్స్ ఇంటెలిజెన్స్ రూ.2 కోట్లు పెట్టుబడి పెట్టి, ఒక్కోటి రూ.10 విలువ గల 20 లక్షల ఈక్విటీ షేర్లను సబ్స్క్రైబ్ చేసింది. ఈ సంస్థను మెటా ప్లాట్‌ఫార్మ్స్ అనుబంధ సంస్థ ఫేస్‌బుక్ ఓవర్సీస్ సంయుక్తంగా నిర్వహించేందుకు ఒక జాయింట్ వెంచర్ ఒప్పందం (JV Agreement) కుదిరింది. ఈ ఒప్పందం ప్రకారం, రిలయన్స్ ఇంటెలిజెన్స్ 70% వాటా, ఫేస్‌బుక్ ఓవర్సీస్ 30% వాటా కలిగి ఉంటాయి. ఇరు సంస్థలు కలిపి సుమారు ₹855 కోట్ల ప్రారంభ పెట్టుబడిని ఈ కొత్త కంపెనీలో పెట్టబోతున్నాయి. REIL ప్రధానంగా ఎంటర్‌ప్రైజ్ ఆర్టిఫిషియల్ ఇంటెలిజెన్స్ [&hellip;]
- [MosChip Reports ₹12.15 Crore Net Profit in Q2 FY26, Revenue Rises 17% Year-on-Year](https://angelnews.in/stocknews/results/moschip-q2-fy26-results-profit-revenue-growth/): Hyderabad-based semiconductor and product engineering solutions company, MosChip Technologies Limited, announced its unaudited financial results for the quarter ending September 30, 2025. The company reported consistent growth across all key financial metrics, reflecting strong business momentum and expanding demand for semiconductor solutions. For Q2 FY26, revenue from operations rose to ₹146.94 crore, representing an 8% increase compared to ₹135.59 crore in the previous quarter and a 17% rise over ₹125.63 crore in the same period last year. The company’s EBITDA stood at ₹18.24 crore (12.3%), up 6% quarter-on-quarter and 9% year-on-year, while net profit after tax climbed to ₹12.15 crore, up [&hellip;]
- [PVR INOX Opens Sikkim’s First Multiplex at Westpoint Mall Gangtok with 3 Screens and Laser Projection](https://angelnews.in/latestnews/pvr-inox-sikkim-first-multiplex-gangtok/): PVR INOX Limited, India’s largest and most premium multiplex operator, has announced the opening of its first cinema in Sikkim at Westpoint Mall, Gangtok. Developed under the Franchise-Owned Company-Operated (FOCO) model in partnership with Westpoint Infra Pvt. Ltd., the 3-screen multiplex introduces a world-class movie experience to the northeastern region. The new multiplex offers a total seating capacity of 482 across three auditoriums, each equipped with advanced 2K Laser projection, Dolby 7.1 surround sound, and next-generation 3D technology. Designed for comfort, all seats feature premium leatherette upholstery and ergonomic Slider models. Each auditorium is styled with distinctive color palettes — Sycamore [&hellip;]
- [Federal Bank approves ₹6,196 crore preferential issue to Asia II Topco XIII Pte Ltd](https://angelnews.in/stocknews/federal-bank-preferential-issue-asia-ii-topco-october-2025/): The Federal Bank Limited announced that its Board of Directors has approved the issuance of 27,29,74,043 warrants on a preferential basis to Asia II Topco XIII Pte Ltd, aggregating to a total value of ₹6,196.51 crore. Each warrant is priced at ₹227 and entitles the holder to subscribe to one fully paid-up equity share of the bank with a face value of ₹2. The preferential issue, approved on October 24, 2025, will be conducted on a private placement basis, subject to necessary approvals from shareholders and regulators, including the Reserve Bank of India (RBI) and the Competition Commission of India (CCI). [&hellip;]
- [Crizac Ltd Acquires 51% Stake in UK-Based Studies Planet.Com Limited](https://angelnews.in/stocknews/acquisition/crizac-ltd-acquires-51-percent-stake-studies-planet/): Crizac Limited announced that its wholly owned subsidiary, Crizac Ltd, has acquired a 51% equity stake in Studies Planet.Com Limited, a private company incorporated under the UK Companies Act 1985. The acquisition aligns with the company’s expansion strategy to strengthen its global footprint, particularly in the South American education market. According to the company’s disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the acquisition is a strategic move aimed at enhancing Crizac’s international operations and capitalizing on growth opportunities in new regions. Studies Planet.Com Limited, headquartered in London, England, is engaged in international student recruitment. As [&hellip;]
- [Tesla Q3 2025 Results: $28.1 Billion Revenue, $1.4 Billion Net Income, $3.99 Billion Free Cash Flow](https://angelnews.in/global-markets/tesla-q3-2025-earnings-report/): Tesla Q3 2025 Financial Results Tesla Inc. released its financial results for the third quarter of 2025, reporting total revenue of $28.1 billion, a 12% increase compared to the same period last year. Growth was driven by higher vehicle deliveries and energy storage deployments. Automotive revenue reached $21.2 billion, while energy generation and storage revenue rose 44% to $3.4 billion. Services and other revenue grew 25% to $3.5 billion. Operating income was $1.6 billion, representing a 40% decline year-on-year, with an operating margin of 5.8%. The decline in profitability was attributed to higher operating expenses, lower regulatory credit revenue, and reduced [&hellip;]
- [Premier Energies to Acquire 51% Stake in Transcon Ind for ₹500.3 Crore](https://angelnews.in/stocknews/acquisition/premier-energies-acquires-51-percent-transcon-ind/): Premier Energies Limited has announced that its Board of Directors has approved the acquisition of a 51 percent equity stake in Transcon Ind Limited for a total cash consideration of ₹500.3 crore. The decision was taken during the company’s board meeting held on October 23, 2025. Under the agreement, Premier Energies will subscribe to 1,04,082 equity shares of Transcon Ind Limited at a price of ₹48,069 per share, each having a face value of ₹10. Upon completion of the transaction, Transcon Ind Limited will become a subsidiary of Premier Energies. The acquisition is expected to be finalized within 90 days, subject [&hellip;]
- [Titan Intech Signs USD 1.53 Million MoU with Korean Firm for Advanced LED and LCD Technologies](https://angelnews.in/sme-stock-news/titan-intech-signs-mou-with-korean-firm/): Titan Intech Limited has signed a Memorandum of Understanding (MoU) with Seoul-based Media Information Communication Co., Ltd., to jointly develop and transfer advanced LED, SMD, MIP, Mini-LED, and LCD display technologies. The partnership, valued at USD 1.53 million, marks a significant step toward India’s self-reliance in next-generation display manufacturing. Under the agreement, both companies will collaborate on the development of FPGA/SoC-based LED control systems, Android controller boards for interactive LCD displays, and IP-based Passenger Information Systems (PIS) tailored for airways, railways, and metro networks. As part of the technology transfer, Media Information Communication will provide Titan Intech with complete design documentation, [&hellip;]
- [Google’s Willow Quantum Chip Delivers 13000x Speed Boost Over Classical Supercomputers](https://angelnews.in/worldnews/google-quantum-advantage-willow-chip/): Google has announced a groundbreaking achievement in quantum computing, revealing that its Willow chip has achieved the first verifiable quantum advantage. The development, published in Nature, marks a crucial step toward real-world applications of quantum technology. According to Google CEO Sundar Pichai, the company’s new quantum algorithm—called Quantum Echoes—executed on the Willow chip, ran 13,000 times faster than the most powerful classical algorithms on today’s top supercomputers. The Quantum Echoes algorithm helps scientists better understand how atoms within a molecule interact using nuclear magnetic resonance (NMR). This ability could transform fields such as drug discovery and materials science by enabling simulations [&hellip;]
- [Vikram Solar Secures 148.9 MW Solar Module Order from Sunsure Energy](https://angelnews.in/stocknews/order-wins/vikram-solar-sunsure-energy-148mw-order/): Vikram Solar Limited, one of India’s leading solar PV module manufacturers, announced that it has won a significant order for 148.9 MW of high-efficiency Topcon solar modules from Sunsure Energy Private Limited. The modules, rated at 595 Wp, will be installed across Maharashtra and Uttar Pradesh, two key states driving India’s renewable energy transition. Under the agreement, Vikram Solar will supply its advanced M10R N-Type TOPCon modules known for superior energy yield, performance reliability, and high efficiency. The modules are expected to be delivered within 60 days from the Notice to Proceed, with completion anticipated by January 2026. This latest order [&hellip;]
- [Oriana Power Secures ₹217.45 Crore EPC Contract from SJVN for 50 MW Solar Project in Gujarat](https://angelnews.in/latestnews/oriana-power-sjvn-50mw-solar-project-gujarat/): Oriana Power Limited announced that it has received a Letter of Award (LOA) from SJVN Limited for setting up a 50 megawatt (AC) grid-interactive solar photovoltaic (PV) power project to be developed in the state of Gujarat under GUVNL Phase XXII. The total contract value of the order stands at ₹217.45 crore, excluding GST, and comprises four separate contracts. The project falls under the Engineering, Procurement and Construction (EPC) category and also includes comprehensive Operation and Maintenance (O&amp;M) services for three years. As per the terms of the contract, Oriana Power will be responsible for end-to-end delivery of the commissioned plant, [&hellip;]
- [DroneAcharya Aerial Innovations Secures ₹2.59 Crore Order from Indian Army for 500 Sub Tactical Drones](https://angelnews.in/stocknewsindia/micro-cap-stock-news/droneacharya-indian-army-drone-order-2-59-crore/): DroneAcharya Aerial Innovations Limited announced that it has secured an order worth ₹2.59 crore from the Indian Army, Ministry of Defence, for the supply of 500 Sub Tactical Very Short Range Drones. The work order reinforces the company’s growing focus on the defense and security sector. According to the company’s exchange filing dated October 21, 2025, the order demonstrates DroneAcharya’s strong technological expertise and production capabilities in FPV drone systems. The project is expected to have a positive impact on the company’s growth trajectory and brand positioning in the defense manufacturing space. The delivery schedule for the drones will take place [&hellip;]
- [PTC Industries and Bharat Dynamics to Form Joint Venture for Advanced Propulsion and Aero-Engine Manufacturing](https://angelnews.in/indianews/defence-news/ptc-industries-bharat-dynamics-mou/): PTC Industries Limited, a leading manufacturer of high-performance materials and precision-engineered components for Defence and Aerospace applications, announced the signing of a Memorandum of Understanding (MoU) with Bharat Dynamics Limited (BDL) to form a Joint Venture Company focused on advanced propulsion and aero-engine systems. The new entity will design, develop, and manufacture complete propulsion systems, guided bombs, and aero-engines for missiles, unmanned aerial vehicles (UAVs), and loitering munitions, subject to regulatory approvals. The announcement was made during the inauguration of PTC’s Titanium &amp; Superalloys Materials Plant at the Strategic Materials Technology Complex (SMTC) in Lucknow, in the presence of Defence Minister [&hellip;]
- [ఎమిరేట్స్ ఎన్‌బీడీ రూ.26,850 కోట్లతో RBL బ్యాంక్‌లో 60% వాటా కొనుగోలు చేయనుంది, పబ్లిక్ షేర్‌హోల్డర్ల కోసం 26% ఓపెన్ ఆఫర్](https://angelnews.in/telugu-news/emirates-nbd-rbl-bank-open-offer-2025/): దుబాయ్‌కు చెందిన ప్రముఖ బ్యాంక్ ఎమిరేట్స్ ఎన్‌బీడీ, భారతదేశంలోని ఆర్బీఎల్ బ్యాంక్ లిమిటెడ్‌లో పెట్టుబడి పెట్టనుంది. ఈ ఒప్పందం ప్రకారం, ఎమిరేట్స్ ఎన్‌బీడీ సుమారు రూ.26,850 కోట్లు (USD 3 బిలియన్) పెట్టి ఆర్బీఎల్ బ్యాంక్‌లో 60 శాతం వాటా సొంతం చేసుకోనుంది. ఈ పెట్టుబడి ప్రిఫరెన్షియల్ ఇష్యూ ద్వారా చేయబడుతుంది. ఆర్బీఎల్ బ్యాంక్ ఒక్కో షేర్‌ను ₹280 ధరకు ఎమిరేట్స్ ఎన్‌బీడీకి ఇస్తుంది. మొత్తం 959.04 మిలియన్ షేర్లు జారీ చేయబడతాయి. దీనితో పాటు, ఎమిరేట్స్ ఎన్‌బీడీ పబ్లిక్ షేర్‌హోల్డర్ల నుండి అదనంగా 26 శాతం వాటా కొనుగోలు చేయడానికి ఓపెన్ ఆఫర్ ప్రకటించింది. ఈ ఓపెన్ ఆఫర్‌లో సుమారు 41.55 కోట్లు షేర్లు ఒక్కోటి ₹280 ధరకు కొనుగోలు చేయబడతాయి. దీని విలువ సుమారు రూ.11,636 కోట్లు. ప్రిఫరెన్షియల్ ఇష్యూ మరియు ఓపెన్ ఆఫర్ కలిపి, మొత్తం లావాదేవీ విలువ రూ.38,489.70 కోట్లుకి చేరుతుంది. ఈ పెట్టుబడితో ఎమిరేట్స్ ఎన్‌బీడీ [&hellip;]
- [Oracle Financial Services Posts ₹1,789 Crore Revenue, ₹546 Crore Profit in Q2 FY26, Declares ₹130 Dividend](https://angelnews.in/stocknews/results/oracle-financial-services-q2-fy26-results-dividend/): Oracle Financial Services Software Limited (OFSS), a subsidiary of Oracle Corporation, announced its financial results for the quarter and half year ended September 30, 2025. The company reported consolidated revenue of ₹1,789 crore for the quarter, reflecting a 7% increase year-on-year. Operating income rose 1% to ₹731 crore, while net profit stood at ₹546 crore, down 5% compared to the same quarter last year. For the half year ended September 30, 2025, the company reported total revenue of ₹3,641 crore, up 7% from the previous year. Operating income increased slightly to ₹1,564 crore, while net profit came in at ₹1,188 crore, [&hellip;]
- [PVR INOX Q2 FY26 Profit Jumps to ₹126 Crore and Net Debt Falls to ₹619 Crore](https://angelnews.in/stocknews/results/pvr-inox-q2-fy26-profit-126cr-net-debt-619cr/): PVR INOX Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2025, reporting its strongest performance in the last two years. The company achieved consolidated revenue of ₹1,843.2 crore, EBITDA of ₹327.3 crore, and profit after tax of ₹126.5 crore for Q2 FY26, reflecting a significant recovery in operational and financial metrics. For the first half of FY26, total revenue stood at ₹3,331.1 crore, with EBITDA of ₹441.4 crore and PAT of ₹92.9 crore. Admissions during H1 FY26 reached 78.5 million, representing a 13 percent year-on-year growth, driven by strong content performance across multiple languages and [&hellip;]
- [Zen Technologies Completes 100 Percent Acquisition of Applied Research International](https://angelnews.in/stocknews/acquisition/zen-technologies-completes-ari-acquisition/): Zen Technologies Limited announced the completion of its acquisition of the remaining 24% equity stake in Applied Research International Private Limited (ARIPL). The company had earlier acquired a 76% stake in February 2025, and with this transaction, ARIPL is now a wholly owned subsidiary of Zen Technologies. The acquisition marks a significant milestone in Zen Technologies’ growth strategy, reinforcing its position as one of India’s most diversified defence and simulation technology companies. Full ownership of ARIPL enables Zen to expand its simulation expertise into naval and marine domains, complementing its established presence in land and air defence solutions. With this integration, [&hellip;]
- [Cyient Announces Q2 FY26 Results Posts ₹1438 Crore Revenue 3.3 Percent QoQ Growth and ₹16 Interim Dividend Amid Semiconductor Surge](https://angelnews.in/stocknews/results/cyient-q2-fy26-results-revenue-growth-dividend/): Cyient Limited, a global intelligent engineering solutions provider, announced its financial results for the quarter ended September 30, 2025, highlighting steady performance across its key business segments. The company’s Digital, Engineering, and Technology (DET) revenue stood at ₹1,438 crore, registering a 3.3% sequential growth and a 4.5% increase year-on-year. DET EBIT was ₹175 crore, representing a margin of 12.2%, while profit after tax stood at ₹137 crore, marking a 16.4% decline compared to the same period last year. Free Cash Flow for the quarter came in at ₹157 crore, translating to 114% FCF to PAT conversion. Cyient’s semiconductor business delivered a [&hellip;]
- [Ola Electric Launches ‘Ola Shakti’ Marking Entry into India’s ₹1 Lakh Crore Battery Energy Storage Market](https://angelnews.in/stocknews/ola-shakti-battery-energy-storage-system/): Ola Electric Mobility Limited, India’s electric vehicle manufacturer, has launched ‘Ola Shakti’, its first residential Battery Energy Storage System (BESS), marking the company’s diversification beyond electric mobility. With this launch, Ola Electric enters India’s ₹1 lakh crore BESS market, which is projected to grow to over ₹3 lakh crore by 2030. The company anticipates its annual Gigafactory consumption for the BESS segment to reach 5 GWh within the next few years, surpassing its automotive battery usage. Chairman and Managing Director Bhavish Aggarwal said, “India doesn’t face an energy shortage; it faces an energy storage opportunity. With Ola Shakti, we are turning [&hellip;]
- [PVR INOX Approves Sale of 4700BC Brand Owner Zea Maize to Marico for ₹226.8 Crore](https://angelnews.in/stocknews/pvr-inox-sells-4700bc-brand-owner-zea-maize-to-marico/): PVR INOX Limited has approved the sale of its entire shareholding in its subsidiary Zea Maize Private Limited to Marico Limited. The decision was approved by a duly authorised committee of the board of directors at its meeting held on January 26, 2026, in compliance with applicable SEBI listing regulations. The transaction involves the divestment of a 93.27% equity stake in Zea Maize for a total cash consideration of ₹226.8 crore. Following the completion of the transaction, Zea Maize will cease to be a subsidiary of PVR INOX. The company has entered into definitive agreements with Marico, and the sale is [&hellip;]
- [Blackstone Group Backed Entity Announces Open Offer to Purchase 25.82% Public Stake in Aadhar Housing Finance at ₹472.68 Per Share](https://angelnews.in/stocknews/blackstone-group-aadhar-housing-finance-open-offer-472-68/): Aadhar Housing Finance Limited has announced a mandatory open offer following a change-in-control transaction involving the Blackstone Group. The open offer is being made by BCP Asia II Holdco VII Pte. Ltd., an entity backed by Blackstone, along with persons acting in concert, in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations. The Blackstone Group-backed acquirer has proposed to purchase up to 11,35,25,761 fully paid-up equity shares of Aadhar Housing Finance at an offer price of ₹469.97 per share. Due to a regulatory delay in payment timelines, eligible shareholders will also receive applicable interest of ₹2.71 per share, taking [&hellip;]
- [HCLTech Signs 19 Million Singapore Dollar Deal to Acquire Finergic for Wealth Management Expansion](https://angelnews.in/stocknews/acquisition/hcltech-finergic-acquisition-wealth-management/): HCL Technologies Limited has announced a definitive agreement to acquire Finergic Solutions Pte Ltd, a Singapore-headquartered wealth consulting firm, to enhance its digital transformation capabilities in the wealth management and financial services sector. The acquisition will be carried out through HCL Singapore Pte Ltd, a wholly owned subsidiary of the company. Established in 2019, Finergic focuses on core banking and wealth management transformation, offering consulting services across strategy, architecture and execution. The company reported revenue of 12.6 million Singapore dollars for the year ended December 31 2024, along with a profit after tax of 2.9 million Singapore dollars and a net [&hellip;]
- [PVR INOX Opens 9 Screen Multiplex at Lakeshore Mall Kukatpally Hyderabad](https://angelnews.in/stocknews/pvr-inox-9-screen-multiplex-lakeshore-mall-kukatpally-hyderabad/): PVR INOX Limited has expanded its footprint in Telangana with the opening of a new 9-screen multiplex at Lakeshore Mall, Y-Junction, Kukatpally, Hyderabad. The launch strengthens the company’s presence in one of the city’s fast-growing commercial and residential zones and takes its total screen count in Hyderabad to 111 across 18 cinemas. The newly opened multiplex houses nine auditoriums with a combined seating capacity of 1,476. It includes a PXL large-format screen equipped with 4K laser projection, Dolby Atmos immersive sound, and RealD 3D technology. The cinema also features a Playhouse auditorium designed for younger audiences, along with five screens offering [&hellip;]
- [Zaggle Prepaid Ocean Services Signs Multi-Year Agreements With IRM Energy and HDFC ERGO](https://angelnews.in/stocknews/zaggle-irm-energy-hdfc-ergo-agreements/): Zaggle Prepaid Ocean Services Limited has entered into two separate multi-year agreements with IRM Energy Limited and HDFC ERGO General Insurance Company Limited, strengthening its presence in corporate expense management and digital reward solutions. The company disclosed the agreements under Regulation 30 of SEBI’s listing regulations. Under the agreement with IRM Energy, Zaggle will deploy its Fleet Program to support fuel and fleet-related expense management requirements. The contract has a tenure of five years and is domestic in nature. The agreement is not classified as a related-party transaction, and the promoter group has no interest in IRM Energy. In a separate [&hellip;]
- [Cyient Q3 FY26 Results: PAT Jumps 40.2 Percent YoY to ₹150 Crore, Revenue at ₹1,488 Crore](https://angelnews.in/stocknews/results/cyient-q3-fy26-results-pat-growth/): Cyient delivered a strong financial performance in the third quarter of FY26, driven by steady growth across its Digital, Engineering, and Technology businesses. For the quarter ended December 31, 2025, the company reported consolidated DET revenue of ₹1,488 crore, marking a 6.5 percent increase year on year and a 3.5 percent rise sequentially, despite a challenging global macroeconomic environment. Profitability improved during the quarter, with normalised EBIT rising to ₹185 crore, translating into an EBIT margin of 12.4 percent. Normalised profit after tax grew sharply by 40.2 percent year on year to ₹150 crore, supported by operational efficiencies and improved project [&hellip;]
- [CESC Green Power Signs MoU With Uttar Pradesh Government for ₹3,800 Crore Solar Manufacturing and Power Project](https://angelnews.in/india-investment-news/uttar-pradesh-investment-news/cesc-green-power-3800-crore-uttar-pradesh-solar-manufacturing-project/): CESC Limited on January 21, 2026 informed stock exchanges that its subsidiary, CESC Green Power Limited, has entered into a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh for setting up large-scale renewable energy and manufacturing facilities in the state. As per the disclosure, the MoU was signed on January 20, 2026, with the Governor of Uttar Pradesh, and covers the establishment of a 3 gigawatt solar cell and module manufacturing plant, along with a 60 megawatt solar power generation facility. The proposed development will also include ancillary manufacturing units, a research and development laboratory, and other related infrastructure. [&hellip;]
- [RBL Bank Gets CCI Nod for Emirates NBD’s USD 3 Billion Majority Stake Investment](https://angelnews.in/latestnews/rbl-bank-cci-approval-emirates-nbd-investment/): The Competition Commission of India (CCI) has granted approval for Dubai-based Emirates NBD Bank’s proposed acquisition of a majority stake in RBL Bank, marking a significant regulatory milestone that enables the transaction to advance toward completion. The clearance comes after both institutions in October 2025 agreed on a strategic transaction under which Emirates NBD will invest roughly USD 3 billion to acquire up to a 60 percent controlling stake in the Indian private sector lender through a preferential issue of new shares, subject to customary regulatory and statutory conditions. The transaction, one of the largest foreign direct investments in India’s banking [&hellip;]
- [Mazagon Dock Shipbuilders Completes 41.73% Stake Acquisition in Colombo Dockyard PLC](https://angelnews.in/worldnews/mazagon-dock-41-73-stake-colombo-dockyard-acquisition/): Mazagon Dock Shipbuilders Limited has completed the acquisition of a significant equity stake in Colombo Dockyard PLC, marking a key development in its overseas expansion strategy. The government-owned shipbuilder has acquired 16,49,16,229 fully paid ordinary shares, representing a 41.73% shareholding in the Sri Lanka-based shipyard. The acquisition was completed through the allotment of unsubscribed rights shares originally associated with Onomichi Dockyard Co. Ltd., in line with earlier disclosures made by the company in June 2025. The transaction was executed under a tripartite agreement involving Mazagon Dock Shipbuilders, Colombo Dockyard PLC, and Onomichi Dockyard. Following the completion of this acquisition, Mazagon Dock [&hellip;]
- [KPI Green Energy Q3 FY26 Results : Revenue Jumps 45 Percent YoY to ₹676 Crore, PAT Rises 48 Percent YoY to ₹126 Crore](https://angelnews.in/stocknews/results/kpi-green-energy-q3-fy26-results-revenue-pat-growth/): KPI Green Energy Limited reported strong consolidated financial results for the quarter and nine months ended December 31, 2025, supported by higher execution volumes, improved operating leverage, and steady demand across solar and hybrid power projects. Quarter Performance Q3 FY26 For the third quarter of FY26, consolidated revenue stood at ₹676 crore, compared with ₹466 crore in Q3 FY25, reflecting a year-on-year growth of 45 percent. Profit before tax for the quarter rose to ₹170 crore from ₹115 crore in the corresponding quarter last year, marking a 48 percent YoY increase. Profit after tax for Q3 FY26 came in at ₹126 [&hellip;]
- [JSW Energy Signs Second 1,600 MW Thermal Power PPA With West Bengal Discom, Salboni Capacity Rises to 3,200 MW](https://angelnews.in/stocknews/jsw-energy-1600-mw-thermal-ppa-west-bengal-salboni/): JSW Energy Limited has entered into a Power Purchase Agreement for a 1,600 MW thermal power project with West Bengal State Electricity Distribution Company Limited. The agreement has been executed through JSW Thermal Energy Two Limited, a wholly owned subsidiary of the company. The project involves the development of a greenfield 1,600 MW power plant, comprising two units of 800 MW each, at Salboni in West Bengal. The plant is expected to be commissioned within six years. The project was awarded through a competitive bidding process conducted by the state power distribution utility. With this agreement, JSW Energy’s total planned thermal [&hellip;]
- [Ksolves India Q3 FY26 Results: Revenue Up 12.2% YoY and 6.6% QoQ to ₹42.3 Crore, PAT Rises 16.5% QoQ](https://angelnews.in/stocknews/results/ksolves-india-q3-fy26-results-revenue-yoy-qoq-growth/): Ksolves India Limited reported a strong financial performance for the third quarter of FY26, posting its highest-ever quarterly revenue of ₹42.3 crore for the period ended December 31, 2025. The company’s revenue grew 12.2 percent year-on-year and 6.6 percent sequentially, reflecting steady demand across its core digital transformation and IT services portfolio. The Noida-based IT services firm reported earnings before interest, tax, depreciation, and amortisation (EBITDA) of ₹13.7 crore during the quarter, with an EBITDA margin of 32.4 percent. Profit after tax stood at ₹9.8 crore, marking a quarter-on-quarter growth of 16.5 percent, while profit margins remained resilient despite industry-wide cost [&hellip;]
- [Intellect Design Arena Bags AI-Led Governance and Compliance Contract From Carte Financial Group in Canada](https://angelnews.in/latestnews/intellect-design-arena-ai-grc-mandate-canada/): Intellect Design Arena Ltd has announced the signing of a multi-year Governance, Risk and Compliance AI mandate in Canada with Carte Financial Group, a leading independent mutual fund dealer and national managing general agency. The agreement marks a notable development in the adoption of artificial intelligence-driven regulatory operations within the Canadian financial services ecosystem. As part of the mandate, Carte Financial Group will implement Intellect’s Purple Fabric GRC platform across its regulatory, onboarding and governance processes. The AI-first platform integrates decision-grade and explainable intelligence into compliance workflows, enabling organisations to move beyond reactive compliance models toward proactive, intelligence-led governance. The deployment [&hellip;]
- [Matrimony.com Approves ₹58.50 Crore Worth Share Buyback at ₹655 Per Share, Record Date Fixed for January 30, 2026](https://angelnews.in/stocknews/matrimony-com-share-buyback-655-record-date/): Matrimony.com Limited has approved a share buyback of equity shares with an aggregate value of up to ₹58.50 crore as part of its capital return strategy. The decision was taken by the Buyback Committee of the Board of Directors at its meeting held on January 20, 2026. Under the approved proposal, the company will buy back equity shares at a final price of ₹655 per share. Based on this buyback price and the approved size, Matrimony.com plans to repurchase up to 8,93,129 fully paid-up equity shares, which represents approximately 4.14 percent of the company’s total paid-up equity share capital. The buyback [&hellip;]
- [Lodha Developers Signs ₹1 Lakh Crore MoU With Maharashtra Govt, Total Data Centre Investment Rises to ₹1.3 Lakh Crore for 2.5 GW Park](https://angelnews.in/india-investment-news/maharashtra-investment-news/lodha-developers-1-lakh-crore-maharashtra-data-centre/): Lodha Developers Limited has significantly expanded its digital infrastructure plans by signing a new memorandum of understanding with the Government of Maharashtra for an additional ₹1 lakh crore investment in data centre development. This latest agreement follows an earlier ₹30,000 crore commitment and raises the company’s total planned investment in the state’s data centre ecosystem to ₹1.3 lakh crore. The agreement was signed in January 2026 alongside a global investment forum, reflecting the strategic importance of the project within India’s evolving digital infrastructure landscape. The proposed data centre park is planned with an estimated total capacity of around 2.5 gigawatts, which [&hellip;]
- [Waaree Energies Secures 2,210 MW Solar Module Orders in India and United States](https://angelnews.in/stocknews/order-wins/waaree-energies-2210-mw-solar-module-orders-india-us/): Waaree Energies Limited has secured fresh solar module supply orders aggregating 2,210 MW, marking a significant expansion of its domestic and international order book. The orders span utility-scale renewable energy projects in India and the United States, reinforcing the company’s global manufacturing and supply capabilities. The company received an order for the supply of 210 MW of Domestic Content Requirement (DCR) solar modules from a reputed Indian customer involved in owning, developing, and operating renewable power projects. The execution of this order is planned during the financial year 2026–27. In parallel, Waaree Solar Americas Inc., a wholly owned subsidiary of Waaree [&hellip;]
- [JD Cables Wins Fresh ₹163 Crore EPC Order From Kaushal Engineering, Total Orders From KEL Now ₹407 Crore](https://angelnews.in/stocknews/order-wins/jd-cables-163-crore-epc-order-kaushal-engineering-jharkhand/): JD Cables Limited has received an additional Engineering, Procurement and Construction (EPC) infrastructure contract valued at ₹163 crore from Kaushal Engineering Limited, strengthening its order book and expanding its role in national highway development projects. This order follows an earlier contract worth ₹244 crore awarded in December 2025, taking the total cumulative order value to ₹407 crore. The latest contract involves the execution of balance civil and electrical works under a major National Highway Development Project in Jharkhand. The scope of work includes construction of highway infrastructure such as bridges, vehicular underpasses, and associated electrical systems for the six-laning of the [&hellip;]
- [MosChip Technologies Delivers Custom 28nm SoC to ISRO Space Applications Centre for India’s Satellite Navigation Program](https://angelnews.in/stocknews/moschip-delivers-custom-soc-isro-sac-satellite-navigation/): MosChip Technologies Limited has successfully delivered a custom System-on-Chip to the Space Applications Centre of the Indian Space Research Organisation as part of India’s satellite navigation program. The development marks the completion of a full-cycle turnkey ASIC engagement, spanning from initial netlist to validated packaged silicon. The custom SoC was implemented on a 28-nanometer technology node and achieved successful silicon bring-up following tape-out. The project included comprehensive physical design, design-for-test architecture and verification, as well as substrate and package development. MosChip also completed assembly and engineering sample validation using automated test equipment, confirming performance against defined specifications. The Space Applications Centre [&hellip;]
- [Aurionpro Solutions Secures Major CSB Bank Deal to Deploy AI-Native Cash Management Platform Across Corporate Banking](https://angelnews.in/latestnews/aurionpro-solutions-secures-major-csb-bank-deal-to-deploy-ai-native-cash-management-platform-across-corporate-banking/): Aurionpro Solutions Limited has secured a significant mandate from Catholic Syrian Bank (CSB Bank) to implement its next-generation cash management platform, further strengthening its footprint in India’s banking technology space. The engagement is structured as a multi-year, multi-million-dollar contract and includes software licensing, full-scale implementation, and an extended annual maintenance arrangement. The mandate marks another addition to Aurionpro’s growing portfolio of large transaction banking projects across India’s financial sector. As part of the agreement, CSB Bank will deploy Aurionpro’s advanced cash management solution, a core component of the company’s AI-native transaction banking platform. The system is designed to modernise cash management [&hellip;]
- [AXISCADES Technologies Secures ₹100 Crore Defence Radar Order from BEL Under LLTR Ashwini Programme](https://angelnews.in/stocknews/order-wins/axiscades-technologies-100-crore-defence-radar-order-bel-lltr-ashwini/): AXISCADES Technologies Limited has secured a defence order valued at approximately ₹100 crore, reinforcing its position in India’s growing defence electronics and embedded systems market. The contract has been awarded to its wholly owned subsidiary, Mistral Solutions Private Limited, by Bharat Electronics Limited under the Ministry of Defence. The order relates to the supply of advanced Signal and Data Processing Units along with associated spares for the Low-Level Transportable Radar (LLTR) Ashwini programme. The LLTR Ashwini system is an indigenous radar developed for low-altitude surveillance and is designed to detect and track aerial threats such as unmanned aerial vehicles, helicopters, and [&hellip;]
- [CG Power Wins ₹900 Crore Power Transformer Export Order From Tallgrass for US Hyperscale Data Center Project](https://angelnews.in/stocknews/order-wins/cg-power-900-crore-power-transformer-order-us-data-center/): CG Power and Industrial Solutions Limited has secured a landmark power transformers order valued at approximately ₹900 crore from Tallgrass Integrated Logistics Solutions LLC of the United States. The order represents the company’s largest single contract to date and marks its entry into the rapidly expanding global data center segment. The contract involves the supply of power transformers engineered to meet stringent reliability, efficiency, and uptime requirements of hyperscale data center infrastructure. The order is a direct export and will be executed over a delivery period of 12 to 20 months, with shipments planned under FAS Mumbai Port terms. This order [&hellip;]
- [Oswal Pumps Secures ₹119.92 Crore PM-KUSUM Solar Pump Order in Karnataka](https://angelnews.in/stocknews/order-wins/oswal-pumps-119-92-crore-pm-kusum-solar-pump-order-karnataka/): Oswal Pumps Limited has secured a significant renewable energy contract valued at approximately ₹119.92 crore under the Government of India’s PM-KUSUM Component-B scheme. The order has been awarded by Karnataka Renewable Energy Development Limited and covers the entire state of Karnataka. The project involves the design, manufacture, supply, transportation, installation, testing, and commissioning of 3,263 solar-powered agricultural pump sets. This includes 214 surface solar pumps and 3,049 submersible solar pump sets with capacities of 3 HP, 5 HP, 7.5 HP, and 10 HP, to be deployed at identified farmers’ locations across the state. As part of the contract, Oswal Pumps will [&hellip;]
- [L&T secures order to construct 3.2 km 2+2 lane bridge connecting Kakdwip with Sagar Island in West Bengal](https://angelnews.in/indianews/lt-significant-order-muri-ganga-bridge-west-bengal/): Larsen &amp; Toubro Limited has secured a significant order for its Transportation Infrastructure business, strengthening its presence in large scale infrastructure development in eastern India. The project involves construction of an arterial extradosed cable stayed bridge over the Muri Ganga River in the South 24 Parganas district of West Bengal. The scope of work includes a 2+2 lane, 3.2 km long cable stayed bridge with a maximum span of 177 metres. The project also covers construction of a 0.9 km approach road on the Kakdwip side and a 0.65 km approach road on the Sagar Island side, ensuring seamless connectivity across [&hellip;]
- [Ola Electric Rolls Out Shakti Home Battery From Tamil Nadu Gigafactory, Prices Start at ₹39,999](https://angelnews.in/stocknews/ola-electric-shakti-residential-battery-price-launch/): Ola Electric Mobility Limited on Monday announced the rollout of its first Shakti residential battery energy storage system (BESS) from its Gigafactory in Krishnagiri, Tamil Nadu, marking a key milestone in scaling up its indigenous 4680 Bharat Cell platform. With this launch, the company has expanded beyond electric vehicles into the residential energy storage segment. Ola Electric stated that Shakti has been fully designed, engineered, and manufactured domestically, reinforcing its focus on localisation, advanced manufacturing, and technology development. Shakti is positioned as a portable, on-demand power solution for households, farms, and small businesses, aimed at addressing power reliability and energy management [&hellip;]
- [Krystal Integrated Services Secures ₹81 Crore Solid Waste Management Contract from Vasai Virar Municipal Corporation](https://angelnews.in/sme-stock-news/krystal-integrated-services-81-crore-vasai-virar-waste-management-contract/): Krystal Integrated Services Limited has secured a new municipal contract from the Vasai Virar City Municipal Corporation, reinforcing its presence in the urban solid waste management segment. Under the agreement, the company will undertake door-to-door collection, segregation, and transportation of municipal solid waste, along with street cleaning operations. The scope of work also includes transporting waste to designated locations in compliance with the Solid Waste Management Rules, 2016. The contract relates to Prabhag “G” within the Vasai-Virar municipal jurisdiction. The contract has been awarded for a period of five years and carries an approximate value of ₹81 crore, excluding applicable duties [&hellip;]
- [Tata Power Completes Acquisition of Jejuri Hinjewadi Power Transmission for ₹2.42 Crore](https://angelnews.in/stocknews/acquisition/tata-power-acquires-jejuri-hinjewadi-power-transmission/): The Tata Power Company Limited has completed the acquisition of Jejuri Hinjewadi Power Transmission Limited, strengthening its presence in India’s power transmission infrastructure segment. The acquisition was finalised on January 9, 2026, following the execution of a share purchase agreement. The company acquired a 100 percent equity stake in Jejuri Hinjewadi Power Transmission Limited through a cash consideration of ₹2.42 crore. The acquired entity functions as a special purpose vehicle established to develop, own, operate, and transfer a dedicated transmission project. Jejuri Hinjewadi Power Transmission Limited was incorporated in March 2025 with the objective of building a high voltage transmission system [&hellip;]
- [E2E Networks Installs 1,024 NVIDIA B200 GPUs in Chennai to Power Next Generation AI Computing](https://angelnews.in/indianews/e2e-networks-nvidia-b200-gpu-clusters-chennai-ai-infrastructure/): E2E Networks Limited has announced the procurement of NVIDIA B200 GPU clusters at its Chennai data centre, marking a significant expansion of its artificial intelligence cloud infrastructure capabilities. The development is aimed at supporting advanced AI workloads and strengthening the domestic availability of high-performance compute resources. The newly deployed infrastructure comprises 1,024 NVIDIA B200 GPUs, offering approximately 184 terabytes of GPU memory along with significantly higher memory bandwidth compared to earlier-generation GPUs. The configuration is designed to support training and fine-tuning of large-scale artificial intelligence models, including next-generation language models, as well as complex AI research and deployment requirements. The Chennai-based [&hellip;]
- [Elpro International invests ₹39.18 crore in Sundrop Brands, strengthens exposure to FMCG and edible oils segment](https://angelnews.in/stocknews/acquisition/elpro-international-acquires-sundrop-brands-shares-39-18-crore/): Elpro International Ltd has announced the acquisition of equity shares in Sundrop Brands Limited, formerly known as Agro Tech Foods Limited, in a transaction carried out through cash consideration. The acquisition has been disclosed under Regulation 30 of the SEBI Listing Regulations. As part of the transaction, Elpro International acquired 5,47,946 equity shares of Sundrop Brands at a total cost of ₹39.18 crore. Following this fresh acquisition, Elpro International’s total holding in Sundrop Brands has increased to 5,56,946 equity shares, including its earlier holding of 9,000 shares. Sundrop Brands operates in the manufacturing, marketing, and sale of a wide range of [&hellip;]
- [Angel One client base rises to 35.71 million in December 2025, recording 21 percent year-on-year growth](https://angelnews.in/stocknews/angel-one-december-2025-business-update-q3-fy26-performance/): Angel One Limited reported steady operational growth across key business metrics for December 2025 and the third quarter of FY26, supported by higher client additions, improved funding balances, and resilient trading activity, despite a seasonally weaker quarter. The company’s total client base increased to 35.71 million as of December 2025, reflecting a year-on-year growth of 21 percent. During the month, Angel One added 0.68 million gross clients, up 35 percent sequentially. The average client funding book stood at ₹58.36 billion in December, registering a 43 percent increase compared with the same period last year. Trading activity remained firm during the month, [&hellip;]
- [Angel One Board to Consider Equity Share Split and Interim Dividend on January 15](https://angelnews.in/stocknews/angel-one-share-split-interim-dividend-board-meeting-january-2026/): Angel One Limited has informed stock exchanges that its Board of Directors will consider a proposal for the sub-division or split of equity shares along with the declaration of an interim dividend at its upcoming board meeting scheduled for January 15, 2026. The company stated that the board will evaluate the alteration of its share capital through the sub-division of existing fully paid-up equity shares having a face value of ₹10 each. The split ratio, if approved, will be decided by the board and will be subject to shareholder approval and necessary regulatory clearances. Alongside the share split proposal, the board [&hellip;]
- [Tata Power Step Down Subsidiary TP Solar Produces 2.9 GW Solar Modules and 2.8 GW Solar Cells in 9 Months of FY26](https://angelnews.in/stocknews/tp-solar-29-gw-solar-modules-28-gw-solar-cells-fy26/): TP Solar Limited, the solar manufacturing arm of Tata Power Renewable Energy Limited, reported a strong operational performance during the first nine months of FY26, supported by accelerated capacity ramp-up and improved manufacturing efficiency. During the April to December 2025 period, the company manufactured 2.8 GW of domestically produced solar cells and 2.9 GW of solar modules. Of the total module output, around 2.4 GW comprised Domestic Content Requirement (DCR) modules, while the remaining 0.5 GW consisted of ALMM-compliant modules. In the third quarter of FY26, TP Solar recorded a significant increase in solar cell production, reaching 940 MW compared with [&hellip;]
- [Panorama Studios Announces ₹100 Crore Multi Film Collaboration With Nivin Pauly To Produce Malayalam Feature Films](https://angelnews.in/stocknews/panorama-studios-nivin-pauly-100-crore-multi-film-deal-malayalam-cinema/): Panorama Studios International Limited has announced a landmark collaboration with acclaimed Malayalam actor and producer Nivin Pauly for the production of a slate of Malayalam feature films with a cumulative budget of approximately ₹100 crore. The announcement was made under regulatory disclosures to the stock exchanges. Under the agreement, the upcoming films will be produced by Panorama Studios, led by Kumar Mangat Pathak and Abhishek Pathak, in association with Nivin Pauly as producer. The multi-film slate is expected to span diverse genres, combining content-driven narratives with mainstream commercial appeal, and is aimed at audiences across India as well as overseas markets. [&hellip;]
- [Paisalo Digital Raises ₹188.5 Crore to Lower Funding Costs and Strengthen Lending Growth](https://angelnews.in/stocknews/paisalo-digital-raises-188-5-crore-reduce-cost-of-funds-expand-lending/): Paisalo Digital Limited has raised approximately ₹188.5 crore through listed debt issuances during the third quarter, as part of its capital optimisation strategy. The funds were raised at a rate of interest of around 8.5 percent per annum. The capital infusion is expected to help the non-banking financial company reduce its overall cost of funds while strengthening its medium-term capital structure. Improved capital efficiency is likely to enhance the company’s lending capacity and support sustainable balance sheet growth. Paisalo Digital intends to utilise the proceeds to expand its pan-India operations, which currently span 22 states and Union Territories. The company also [&hellip;]
- [CAMS Completes KYC Registration Agency Acquisition from NSE Data and Analytics on January 5 2026](https://angelnews.in/stocknews/acquisition/cams-completes-acquisition-kra-business-nse-data-analytics-january-5-2026/): Computer Age Management Services Limited (CAMS) has completed the acquisition of the KYC Registration Agency (KRA) business from NSE Data &amp; Analytics Limited. The company informed stock exchanges on January 5, 2026, that the transaction has been concluded in line with the previously announced Business Transfer Agreement. Following the completion, the KRA operations will be carried out by CAMS Investor Services Private Limited, also known as CAMSKRA, which is a wholly owned subsidiary of CAMS. The acquisition was earlier disclosed in July 2025, when the company indicated that the transfer would strengthen its investor data repository and contribute to improved revenue [&hellip;]
- [Tata Power Renewable Energy Limited Crosses 1 GWp Rooftop Solar Installations in Nine Months of FY26](https://angelnews.in/latestnews/tata-power-renewable-energy-1-gwp-rooftop-solar-fy26/): Tata Power Renewable Energy Limited, a subsidiary of The Tata Power Company Limited, has reached a significant milestone by achieving 1 GWp of rooftop solar installation capacity within the first nine months of FY26. The milestone reinforces the company’s leadership position in India’s rooftop solar market across residential as well as commercial and industrial segments. During the nine-month period, the company added over 1 GWp of rooftop solar capacity, recording a strong 127 percent year-on-year growth compared to installations achieved in the corresponding period of the previous financial year. Customer adoption also witnessed a sharp acceleration, with 1.7 lakh new customers [&hellip;]
- [Waaree Energies Subsidiary Secures ₹1,003 Crore Funding for 20 GWh Lithium Ion Battery Manufacturing Facility in India](https://angelnews.in/stocknews/waaree-energy-storage-raises-1003-crore-20-gwh-lithium-ion-battery-plant/): Waaree Energies Limited announced that its subsidiary, Waaree Energy Storage Solutions Pvt Ltd, has completed a strategic fund raise of approximately ₹1,003 crore. The capital has been mobilised from a mix of strategic investors, including family offices, high-net-worth individuals, and institutional participants. The funding forms part of Waaree Group’s broader capital expenditure plan of around ₹10,000 crore to establish a 20 GWh advanced lithium-ion cell and battery pack manufacturing facility in India. The proposed plant is expected to play a significant role in supporting the country’s growing demand for energy storage, aligned with national clean energy and energy security objectives. The [&hellip;]
- [Bondada Engineering Secures ₹627 Crore AP TRANSCO Order for 225 MW Battery Energy Storage Project in Andhra Pradesh](https://angelnews.in/stocknews/order-wins/bondada-engineering-ap-transco-225mw-battery-energy-storage-order/): Bondada Engineering Limited has received a Letter of Award from AP TRANSCO for the development of a large-scale standalone Battery Energy Storage System project in Andhra Pradesh. The project involves setting up a 225 MW 450 MWh BESS at the 400/220 kV Hindupur substation in Anantapur district. The project will be implemented under the Build Own Operate model with a total contract value of ₹627 crore. The execution timeline for the project is estimated at 18 months from the date of receipt of the Letter of Award. The order has been awarded by a domestic entity and does not fall under [&hellip;]
- [Hi-Tech Pipes Commences Commercial Production at 80000 TPA Kathua Plant in Jammu and Kashmir](https://angelnews.in/stocknewsindia/small-cap-stock-news/hi-tech-pipes-kathua-jammu-commercial-production/): Hi-Tech Pipes Limited has commenced commercial production at its greenfield manufacturing facility in Kathua Jammu and Kashmir marking a key milestone in the company’s expansion strategy. The new plant has an installed capacity of 80000 tonnes per annum and is designed to manufacture ERW steel pipes along with coated and other value-added steel products. The Kathua facility has been developed with modern manufacturing infrastructure advanced automation and robust quality control systems. With this commissioning Hi-Tech Pipes is now close to achieving one million tonnes of total installed manufacturing capacity reinforcing its position among the fastest-growing steel tube and pipe manufacturers in [&hellip;]
- [Nisus Finance Services Backed NCCCL Secures ₹112.5 Crore Contract for First Residential Tower at Lodha Alibaug](https://angelnews.in/sme-stock-news/ncccl-112-5-crore-lodha-alibaug-construction-order/): New Consolidated Construction Company Limited has secured a repeat construction mandate valued at ₹112.5 crore excluding GST from Lodha Developers Limited for the construction of the first residential tower at the Lodha Alibaug township in Mandwa, Maharashtra. The project is part of Phase 1 of the developer’s 200+ acre large-format residential development. The scope of work includes reinforced cement concrete structural works for Tower 1 along with associated non-tower ancillary structures. Awarded through a competitive bidding process, the mandate covers a total built-up area of around 7.26 lakh square feet. The tower configuration comprises a G+3 podium, 35 upper floors, overhead [&hellip;]
- [Park Medi World Acquires Krishna Super-speciality Hospital in Bathinda for ₹40 Crore](https://angelnews.in/stocknews/acquisition/park-medi-world-acquires-krishna-super-speciality-hospital-bathinda/): Park Medi World Limited has completed the acquisition of Krishna Super-speciality Hospital in Bathinda, Punjab, marking a strategic expansion of its hospital network in North India. The transaction involves the purchase of the entire shareholding of the hospital from its existing promoters through an all-cash deal valued at ₹40 crore. Krishna Super-speciality Hospital is a 250-bed multi-speciality healthcare facility, including 70 intensive care unit beds, modular operation theatres, and automated diagnostic laboratories. Strategically located in Bathinda, the hospital serves as a key healthcare centre for both urban and rural populations across the region. The facility provides medical services across multiple super-specialities [&hellip;]
- [Megha Engineering Wins ₹1,358 Crore Zone-8 Land Pooling Infrastructure Works and ₹443.76 Crore Undavalli Flood Pumping Station 2 Project in Amaravati](https://angelnews.in/indianews/andhra-pradesh-news/andhra-pradesh-approves-1802-crore-amaravati-infrastructure-megha-engineering/): The Government of Andhra Pradesh has approved two major infrastructure packages for the development of Amaravati Capital City, authorising the Chairperson and Managing Director of Amaravati Development Corporation Limited to issue work orders to the L1 bidder. The approvals follow decisions taken by the Andhra Pradesh Capital Region Development Authority during its 56th authority meeting. The first clearance relates to a ₹1,358.00 crore urban infrastructure package covering construction of roads, stormwater drains, water supply networks, sewerage systems, utility ducts for power and ICT, reuse water lines, sewage treatment plants, and avenue plantations. The works will be executed in land pooling scheme [&hellip;]
- [AP Government Approves 23.127 Acres in Amaravati for National Institute of Naturopathy Under AYUSH Ministry](https://angelnews.in/indianews/andhra-pradesh-news/ap-approves-23127-acres-amaravati-national-institute-of-naturopathy-ayush/): The Government of Andhra Pradesh has approved the recommendations of the 22nd Group of Ministers regarding the review of land allocation for various institutions in the Capital Region Development Authority area. The decision was issued by the Municipal Administration and Urban Development Department, providing regulatory clarity for institutional and hospitality projects planned in Amaravati. Under the newly approved proposals, 23.127 acres of land in Sakhamuru village, Amaravati, has been allotted to the National Institute of Naturopathy under the Ministry of AYUSH, Government of India. The land will be provided on a leasehold basis for 60 years at a nominal lease rental [&hellip;]
- [Remsons Industries Secures ₹60 Crore Gear Shifter Order From Leading Indian Commercial Vehicle OEM](https://angelnews.in/sme-stock-news/remsons-industries-60-crore-gear-shifter-order-indian-commercial-vehicle-oem/): Remsons Industries Limited has secured a new business award valued at ₹60 crore from a leading Indian commercial vehicle original equipment manufacturer, further strengthening its footprint in the domestic auto components market. The contract involves the supply of gear shifter systems integrated with push pull cables for commercial vehicles. The order will be executed over a five-year period, with supplies scheduled to commence from the first quarter of FY27. The long-term contract provides improved revenue visibility and supports the company’s growth outlook, amid steady demand from India’s commercial vehicle segment driven by infrastructure activity, fleet replacement, and logistics expansion. As per [&hellip;]
- [DSM Fresh Foods to Acquire Majority 51% Stake in Avyom Foodtech, Gains Access to 5-Acre Food Processing Facility and Export Markets](https://angelnews.in/sme-stock-news/dsm-fresh-foods-to-acquire-avyom-foodtech-rte-rtc-segment/): DSM Fresh Foods Limited has announced its entry into the high-growth ready-to-eat (RTE) and ready-to-cook (RTC) food segments after its board approved the acquisition of a majority stake in Avyom Foodtech Private Limited. The move marks a strategic expansion beyond fresh foods into value-added and processed food categories, while also strengthening the company’s presence in export-oriented markets. Under the transaction, DSM Fresh Foods will acquire a 51 percent controlling stake in Avyom Foodtech through a cash infusion of approximately ₹7.5 crore via preferential allotment. The company may also evaluate the induction of strategic investors at the subsidiary level, subject to board [&hellip;]
- [Olectra Greentech Starts Phase I Commercial Operations at Hyderabad EV Plant With 2,500 Electric Buses Annual Capacity](https://angelnews.in/stocknews/olectra-greentech-phase-1-ev-manufacturing-facility-hyderabad/): Olectra Greentech Limited has announced the commencement of commercial operations for Phase I of its greenfield electric vehicle manufacturing facility in Hyderabad, marking a key milestone in the company’s capacity expansion plans. The company has declared 31 December 2025 as the commercial operation date for the new facility located at Seetharampur, Telangana. The Phase I operations bring an annual per-shift manufacturing capacity of 2,500 electric buses. This capacity represents half of the company’s planned per-shift annual production target of 5,000 buses once the facility is fully scaled. The development is expected to strengthen Olectra Greentech’s manufacturing capabilities amid rising demand for [&hellip;]
- [Waaree Energies Secures 1500 MW Solar Module Order Including 1000 MW DCR for FY27](https://angelnews.in/stocknews/order-wins/waaree-energies-secures-1500-mw-solar-module-order-fy27/): Waaree Energies Limited has secured a significant order for the supply of 1500 MW of solar modules from a reputed domestic customer engaged in power generation, transmission, and distribution. The order was received on December 30, 2025, and has been disclosed under applicable stock exchange regulations. The contract comprises 1000 MW of Domestic Content Requirement compliant solar modules and 500 MW of non DCR modules. The entire supply is scheduled to be executed during the financial year 2026–27. The order is classified as a one time contract and does not involve any related party transactions. This development strengthens Waaree Energies’ presence [&hellip;]
- [Shakti Pumps Secures ₹170.25 Crore PM-KUSUM Solar Pump Order from Madhya Pradesh Government](https://angelnews.in/latestnews/shakti-pumps-pm-kusum-solar-pump-order-madhya-pradesh/): Shakti Pumps (India) Limited has secured a fresh work order valued at approximately ₹170.25 crore, including GST, from Madhya Pradesh Urja Vikas Nigam Limited. The order involves the design, manufacture, supply, installation, testing, and commissioning of 4,840 stand-alone off-grid DC solar photovoltaic water pumping systems across the state of Madhya Pradesh under Component-B of the PM-KUSUM scheme . The solar pump deployment is part of the government’s broader push to promote renewable energy-based irrigation solutions and reduce dependence on grid power and diesel pumps. The project will be executed on a turnkey basis and is scheduled to be completed within 120 [&hellip;]
- [Apollo Micro Systems Subsidiary IDL Explosives Wins ₹420.90 Crore Coal India Orders](https://angelnews.in/stocknews/order-wins/apollo-micro-systems-idl-explosives-420-crore-coal-india-order/): Apollo Micro Systems Limited has informed stock exchanges that its step-down subsidiary, IDL Explosives Limited, has received new domestic and export orders, strengthening its presence in the industrial explosives segment. The disclosure was made as part of a general business update to shareholders. IDL Explosives has been awarded a running contract for the supply of bulk explosives to subsidiaries of Coal India Limited. The domestic order is valued at ₹4,193.96 million and is expected to support ongoing mining operations across multiple coal-producing regions. In addition to the domestic contract, the subsidiary has also secured an export order worth ₹15 million for [&hellip;]
- [ITI Limited Bags ₹72.76 Crore Ice Hockey Infrastructure Project in Himachal Pradesh](https://angelnews.in/latestnews/iti-limited-ice-hockey-rink-project-kaza-himachal-pradesh/): ITI Limited has secured a significant sports infrastructure project in Himachal Pradesh, expanding its presence beyond traditional telecom and digital connectivity projects. The company has received a work order worth ₹72.76 crore for the construction of an ice-hockey rink in Kaza, located in the Lahaul and Spiti district of Himachal Pradesh. The project has been awarded by the Office of the Deputy Commissioner, Lahaul and Spiti. Under the contract, ITI Limited will develop a full-fledged ice-hockey rink along with a 500 kW solar power backup system to ensure reliable operations in the high-altitude region. The project scope also includes the installation [&hellip;]
- [MapmyIndia Strengthens Mappls App With Integrated Multimodal Metro Rail and Bus Navigation Across 20 Plus Cities](https://angelnews.in/stocknews/mapmyindia-mappls-app-multimodal-public-transport-routes/): MapmyIndia, through its consumer brand Mappls, has expanded the capabilities of its flagship Mappls App by introducing multimodal public transport route planning. The latest update enables users to access metro rail and bus route information directly within the app, enhancing everyday commuting and urban mobility planning. With this expansion, the Mappls App integrates public transport options alongside existing private navigation features, positioning the platform as a comprehensive multimodal mobility solution. Users can now view public transport routes, stations, stops and interchange points, allowing for more efficient journey planning and smoother transitions between different modes of travel. The multimodal public transport feature [&hellip;]
- [Tata Power Renewable Energy Commissions 1 GW DCR Solar Project for SJVN Across Three States](https://angelnews.in/stocknews/tata-power-renewable-energy-1-gw-dcr-solar-project-sjvn/): Tata Power Renewable Energy Limited has successfully commissioned a 1 GW domestic content requirement compliant solar power project for SJVN Limited, marking its largest engineering procurement and construction execution to date. The project underlines India’s accelerating push toward large scale renewable energy deployment while strengthening domestic solar manufacturing capabilities. The solar facility spans the Bandarwala and Karnisar Bhatiyan sites in Bikaner district of Rajasthan and has been developed to supply clean electricity across multiple states. Of the total installed capacity, 500 MW has been allocated to Rajasthan Urja Vikas and IT Services Limited, 300 MW to Jammu and Kashmir Power Limited, [&hellip;]
- [Ola Electric Gets CMVR Approval for Roadster X Plus and Deliveries to Begin for 9.1 kWh Electric Motorcycle With 500 km Range](https://angelnews.in/stocknews/ola-electric-roadster-x-plus-government-certification-500km-range/): Ola Electric Mobility Limited has received government certification for its electric motorcycle, the Roadster X+, marking a major milestone in India’s electric two-wheeler segment. The certification has been granted under the Central Motor Vehicle Rules (CMVR), 1989, enabling the company to begin deliveries of the Roadster X+ equipped with its indigenously developed 4680 Bharat Cell battery technology. The approval has been issued by International Centre for Automotive Technology, a government-authorised testing agency, following comprehensive vehicle-level evaluations. With this clearance, the Roadster X+ becomes the first electric motorcycle in India to be certified with a completely in-house developed 4680-format battery pack. The [&hellip;]
- [Infibeam Avenues Backed RediffPay Begins Closed User Group Testing Ahead of UPI Launch in India](https://angelnews.in/stocknews/infibeam-avenues-rediffpay-upi-cug-testing/): Rediff.com India Ltd has begun Closed User Group testing for its upcoming UPI-based payments platform, RediffPay, marking a significant step toward its public launch in India. The development follows regulatory approval to operate as a Third Party Application Provider on the Unified Payments Interface network. RediffPay is being launched under the strategic direction of Infibeam Avenues Limited, which holds a controlling stake in Rediff.com India Ltd. The move aligns with Infibeam Avenues’ broader plan to expand from enterprise payment infrastructure into consumer-facing digital financial services. The platform is positioned as a financial wellness–focused UPI application. Along with core payment functions such [&hellip;]
- [Arvind Fashions to Acquire Flipkart’s 31.25 Percent Stake in Arvind Youth Brands for ₹135 Crore](https://angelnews.in/stocknews/acquisition/arvind-fashions-acquires-flipkart-stake-arvind-youth-brands/): Arvind Fashions Limited has announced plans to acquire the entire stake held by Flipkart India Private Limited in Arvind Youth Brands Private Limited for ₹135 crore. The acquisition will result in Arvind Youth Brands becoming a wholly owned subsidiary of Arvind Fashions. The transaction involves the purchase of Flipkart’s 31.25 percent shareholding on a fully diluted basis and follows the signing of a share purchase agreement between the two parties. The move marks a strategic consolidation of Arvind Fashions’ youth-focused portfolio, particularly its flagship denim brand, Flying Machine. Over the past five years, Flying Machine has significantly strengthened its presence across [&hellip;]
- [SEPC Limited Wins ₹230 Crore Mining Infrastructure Order from MOIL for Chikla Mine Project](https://angelnews.in/stocknews/sepc-limited-230-crore-mining-infrastructure-order-moil/): SEPC Limited has received a major mining infrastructure contract worth ₹230 crore from MOIL Limited, reinforcing its presence in the mining and industrial infrastructure segment. The company has been issued a Letter of Acceptance for the turnkey execution of a third vertical shaft at the Chikla Mine located in Maharashtra. The order has been awarded through a global competitive bidding process, with SEPC Limited emerging as the lowest bidder. The total contract value comprises ₹167.85 crore for the domestic scope of work along with USD 36.52 lakh allocated towards imported plant and machinery. Under the contract, SEPC will undertake end to [&hellip;]
- [VA Tech Wabag Secures Large EPC Order From Saudi Water Authority for 50 MLD BWRO Plant in Saudi Arabia](https://angelnews.in/worldnews/va-tech-wabag-large-order-saudi-water-authority-bwro-plant/): VA Tech Wabag Limited has secured a Letter of Award from the Saudi Water Authority for the engineering, procurement, and construction of a 50 million litres per day brackish water reverse osmosis plant in Aljouf, Kingdom of Saudi Arabia. The project is a repeat international order and falls under the Large order category. It involves the complete design, engineering, supply, construction, installation, and commissioning of the BWRO treatment facility. The plant will use advanced water treatment technologies to ensure reliable and sustainable water supply for the region. The proposed facility will treat raw water sourced from borewell fields that contain rare [&hellip;]
- [Ola Electric Scales Up Deliveries of 4680 Bharat Cell Powered S1 Pro Plus Scooter Across Multiple States](https://angelnews.in/latestnews/ola-electric-scales-up-4680-bharat-cell-s1-pro-plus-deliveries/): Ola Electric Mobility Limited has announced a significant scale-up in deliveries of its 4680 Bharat Cell powered S1 Pro Plus electric scooter, marking an important milestone in the company’s integrated electric vehicle strategy. The rollout has begun across Tamil Nadu, Kerala and Telangana, alongside a continued ramp-up of deliveries in Karnataka. The company has started customer deliveries in key cities including Coimbatore, Kochi and Hyderabad, while Bengaluru continues to see an accelerated supply of the latest S1 Pro Plus variant. The 5.2 kWh configuration is the first Ola Electric product to be powered by the company’s indigenously developed 4680 Bharat Cell [&hellip;]
- [Coforge Signs Definitive Agreement to Acquire Encora in USD 2.35 Billion All Stock Deal to Scale AI Led Engineering Services](https://angelnews.in/stocknews/acquisition/coforge-encora-proposed-acquisition-usd-2-35-billion/): Coforge has signed a definitive agreement to acquire Encora, as part of its strategy to strengthen capabilities in AI led engineering, data and cloud services. The proposed transaction values Encora at an enterprise value of USD 2.35 billion and will be executed entirely through equity. Upon completion, Encora’s existing shareholders, including Advent International and Warburg Pincus, are expected to collectively hold approximately 20 percent stake in Coforge. No cash consideration is involved in the deal structure. Strategic Intent of the Proposed Acquisition Coforge has indicated that the proposed acquisition is aimed at building a scaled AI native services platform focused on [&hellip;]
- [Bondada Engineering Secures ₹391.38 Crore EPC Order from NTPC Green Energy for 300 MW Solar Project](https://angelnews.in/stocknews/order-wins/bondada-engineering-ntpc-green-energy-300mw-solar-epc-order/): Bondada Engineering Limited has received a Letter of Award from NTPC Green Energy Limited for Balance of System (BOS) works for a 300 MW solar photovoltaic project at Lalitpur. The project will be executed under the Engineering, Procurement and Construction (EPC) framework and includes Operations and Maintenance services for a period of three years. The order, valued at ₹391.38 crore inclusive of GST, covers design, engineering, site development, supply, installation, testing and commissioning of the solar power project. The execution period has been set at 15 months from the date of receipt of the Letter of Award. This marks Bondada Engineering’s [&hellip;]
- [Astra Microwave Products and Bharat Electronics Sign MoU for Electronic Warfare, Radar and Satellite Systems](https://angelnews.in/indianews/defence-news/astra-microwave-bharat-electronics-mou-defence-electronics/): Astra Microwave Products Limited has executed a Memorandum of Undertaking (MoU) with Bharat Electronics Limited (BEL), a public sector undertaking under the Ministry of Defence, Government of India. The agreement marks a strategic collaboration in the defence electronics and aerospace segments. Under the MoU, the two companies will work together on the design, development and manufacturing of advanced electronic modules, subsystems and systems. The collaboration will focus on critical technology areas such as electronic warfare systems, radar platforms and satellite-based solutions. The partnership is aimed at strengthening indigenous capabilities in advanced defence technologies, in line with India’s broader objective of self-reliance [&hellip;]
- [Dilip Buildcon Emerges as L1 Bidder for 400 kV Transmission Project in Karnataka](https://angelnews.in/stocknews/dilip-buildcon-l1-bidder-400kv-transmission-project-karnataka/): Dilip Buildcon Limited has emerged as the lowest (L1) bidder for a major intra state power transmission project in Karnataka, reinforcing its position in India’s power infrastructure sector. The company has been selected by REC Power Development and Consultancy Limited, acting as the bid process coordinator on behalf of the Government of Karnataka, for establishing a 400 kV sub station at Mekhali along with associated transmission lines in Belagavi district. The project scope includes the development of a 400/220/33 kV air insulated sub station and associated 400 kV and 220 kV transmission lines. It will be implemented under the Build Own [&hellip;]
- [Ola Electric Secures ₹366.78 Crore PLI Auto Incentive for FY25](https://angelnews.in/stocknews/ola-electric-secures-366-78-crore-pli-auto-incentive-fy25/): Ola Electric Mobility Limited has received approval for incentives worth ₹366.78 crore under the Production Linked Incentive Scheme for Automobile and Auto Components for the financial year 2024–25, as per its announcement dated December 25, 2025. The incentive has been sanctioned by the Ministry of Heavy Industries and pertains to the demand incentive based on the determined sales value for FY25. The approved amount has been authorised for release through IFCI Limited, the designated financial institution responsible for disbursement under the scheme. The sanction reflects Ola Electric’s execution across manufacturing scale, localisation, and technology-led vertical integration. The company stated that the [&hellip;]
- [Physicswallah Subsidiary Acquires 1.76 Acres of Land in Ranchi for Future Expansion](https://angelnews.in/stocknews/physicswallah-subsidiary-land-acquisition-ranchi/): Physicswallah Limited has informed stock exchanges that its wholly owned subsidiary, Penpencil Edu Services Private Limited, has completed the acquisition of land in Ranchi, Jharkhand, as part of its long term expansion strategy. According to the regulatory disclosure, Penpencil Edu Services has executed a sale deed dated December 23, 2025, to acquire a land parcel measuring 1.76 acres located at Village Tupudana in Ranchi district. The transaction value for the acquisition is ₹69.49 crore, excluding applicable transfer duties and other statutory charges. The land has been purchased from individual sellers and is free from encumbrances, liens, or legal claims. The company [&hellip;]
- [PC Jeweller Signs MoU With CM Yuva Mission to Set Up 1,000 Jewellery Franchise Units in Uttar Pradesh](https://angelnews.in/stocknews/mou/pc-jeweller-cm-yuva-mission-mou-uttar-pradesh/): PC Jeweller Limited has entered into a Memorandum of Understanding (MoU) with the CM Yuva Mission under the Department of MSME and Export Promotion, Government of Uttar Pradesh, as part of efforts to promote entrepreneurship development and employment generation in the state. The agreement was signed on December 19, 2025, with the formal copy received by the company on December 23, 2025. This development follows the earlier approval granted by the Directorate of Industries and Enterprises Promotion, Government of Uttar Pradesh, which allowed PC Jeweller to be onboarded as a franchise brand on the CM-YUVA portal. Under the proposed framework, PC [&hellip;]
- [Ola Electric Launches First Hyperservice Centre in Bengaluru With Same-Day Service Guarantee](https://angelnews.in/stocknews/ola-electric-hyperservice-same-day-service-centres/): Ola Electric Mobility Limited has announced the expansion of its Hyperservice initiative with the launch of dedicated Hyperservice Centres that offer a same-day service guarantee to eligible customers at no additional cost. The initiative is aimed at improving service turnaround time and enhancing the overall ownership experience for electric vehicle customers. The first Hyperservice Centre has commenced operations in Indiranagar, Bengaluru. As part of the expansion plan, the company will progressively upgrade its existing service centres into Hyperservice Centres, beginning with select locations and extending the model across major cities. The Hyperservice Centres are designed to streamline and accelerate vehicle servicing [&hellip;]
- [Shakti Pumps Secures ₹356.77 Crore Solar Pump Order Under PM KUSUM B Scheme in Maharashtra](https://angelnews.in/stocknews/order-wins/shakti-pumps-secures-356-crore-solar-pump-order-maharashtra/): Shakti Pumps (India) Limited has secured a major domestic order for the supply of off-grid solar photovoltaic water pumping systems across Maharashtra. The contract has been awarded by Maharashtra State Electricity Distribution Company Limited as part of state and central renewable energy initiatives. The order includes the design, manufacture, supply, transportation, installation, testing, and commissioning of 12,883 off-grid DC solar water pumps with capacities of 3 HP, 5 HP, and 7.5 HP. The systems will be deployed across the state under the Magel Tyala Saur Krushi Pump Yojana, aligned with the PM KUSUM B scheme aimed at expanding solar-powered irrigation infrastructure. [&hellip;]
- [Aurionpro Solutions Wins ₹63 Crore Global Lending Modernization Deal from Singapore Bank](https://angelnews.in/stocknews/aurionpro-solutions-global-lending-modernization-singapore-bank/): Aurionpro Solutions Limited has secured a significant corporate lending platform modernization mandate from a reputed global bank headquartered in Singapore, marking one of the largest lending technology engagements in Asia this year. The order, valued at approximately ₹63 crore, will be executed through Integro Technologies, a subsidiary of Aurionpro Solutions. The engagement involves the modernization of the bank’s corporate lending systems across its global network of subsidiaries. The project is designed as a large-scale, multi-initiative program aimed at creating a unified global lending platform that enhances operational efficiency, governance, and scalability. Under the agreement, Aurionpro will deploy its next-generation Integro Corporate [&hellip;]
- [HCL Technologies Software Arm to Acquire Jaspersoft for USD 240 Million to Expand Data and AI Capabilities](https://angelnews.in/stocknews/acquisition/hclsoftware-acquires-jaspersoft-data-ai-analytics/): HCL Technologies has announced that its enterprise software division, HCLSoftware, will acquire Jaspersoft from Cloud Software Group in a transaction valued at USD 240 million. The acquisition will be executed as a 100 percent cash deal and structured as an asset carve out. The acquisition is aligned with HCL Technologies’ strategy to deepen its Data and AI capabilities by enhancing the Actian business within HCLSoftware. By integrating Jaspersoft’s embedded analytics and pixel perfect reporting technologies, the company aims to deliver more comprehensive and scalable business intelligence solutions to enterprise customers. Jaspersoft is known for its business intelligence and reporting platform that [&hellip;]
- [Sanghvi Movers Subsidiary Secures ₹428.72 Crore Renewable Energy EPC Orders From IPPs](https://angelnews.in/stocknews/order-wins/sanghvi-movers-subsidiary-secures-42872-crore-wind-epc-orders/): Sanghvi Movers Limited has announced a major order win in the renewable energy sector through its material subsidiary, Sangreen Future Renewables Private Limited. The subsidiary has secured large engineering, procurement and construction (EPC) contracts aggregating ₹428.72 crore from various domestic Independent Power Producers (IPPs). The awarded contracts pertain to wind balance-of-plant (BOP) EPC works with a combined capacity of 270.6 MW, reinforcing Sanghvi Movers’ expanding role in India’s clean energy infrastructure ecosystem. The scope of work includes construction of wind turbine generator (WTG) civil foundations, re-engineering activities where required, development of internal and external access roads, crane platforms, turbine logistics, and [&hellip;]
- [DRDO Grants Transfer of Technology Approval to Apollo Micro Systems for 10 kW Laser Weapon Systems](https://angelnews.in/indianews/defence-news/apollo-micro-systems-drdo-directed-energy-weapon-technology-transfer/): Apollo Micro Systems Limited has secured approvals for two strategic Transfers of Technology from the Defence Research and Development Organisation, expanding its presence in advanced Directed Energy Weapon systems. The approvals were granted in the ordinary course of business and are subject to the fulfilment of standard regulatory and contractual conditions. One of the approved technologies relates to a multi-channel 10 kilowatt laser-based Directed Energy Weapon system developed by a DRDO laboratory in Hyderabad. This transfer enables Apollo Micro Systems to design, manufacture, and support high-power laser engagement systems intended for advanced defence applications. The second technology transfer involves an electro-optical [&hellip;]
- [One Point One Solutions to Acquire Netcom Units in Costa Rica and Colombia for USD 33.37 Million](https://angelnews.in/stocknews/acquisition/one-point-one-solutions-netcom-acquisition-latin-america/): One Point One Solutions Limited has entered into a definitive purchase and sale agreement to acquire 100 percent shareholding in Netcom Business Contact Center S.A. of Costa Rica and its subsidiary Netcom BCC Colombia S.A.S. The acquisition will be carried out through its wholly owned subsidiary, One Point One MENA Holdings Limited, marking a key step in the company’s international expansion strategy. The transaction is intended to strengthen One Point One Solutions’ presence in the fast growing Latin American information technology enabled services and business process outsourcing market. The Netcom entities operate across Costa Rica, Colombia, and Panama, offering omnichannel contact [&hellip;]
- [PVR INOX Expands to Ladakh With Leh’s First Multiplex at 11,500 Feet Altitude](https://angelnews.in/stocknews/pvr-inox-highest-multiplex-leh-ladakh/): PVR INOX Limited has expanded its footprint into Ladakh with the launch of a two-screen multiplex in Leh, marking the region’s first modern multiplex and India’s highest cinema site at an altitude of around 11,500 feet. The new property is located at Solar Colony in Saboo along the Leh–Manali Bypass Road. The launch signals a strategic expansion into high-potential but underpenetrated markets, as the cinema operator continues to move beyond major metropolitan areas. Developed under the Franchise Owned Company Operated model, the Leh property aligns with the company’s asset-light growth strategy while strengthening its national footprint. The multiplex houses two auditoriums [&hellip;]
- [Great Eastern Shipping Announces the Purchase of a 2015 South Korea Built VLGC With Delivery in Q4 FY26](https://angelnews.in/stocknews/great-eastern-shipping-vlgc-acquisition-q4-fy26/): The Great Eastern Shipping Company Limited has entered into an agreement to acquire a secondhand Very Large Gas Carrier (VLGC) with a cargo capacity of approximately 84,048 cubic metres. The vessel, built in South Korea in 2015, is expected to be inducted into the company’s fleet during the fourth quarter of FY26. The acquisition forms part of the company’s ongoing strategy to expand and modernise its fleet in line with evolving global shipping demand. The transaction will be financed entirely through internal accruals, underlining the company’s strong balance sheet and disciplined capital allocation approach. With this addition, Great Eastern Shipping aims [&hellip;]
- [Ather Energy Expands into Auto Insurance Distribution for Electric Two-Wheelers](https://angelnews.in/stocknews/ather-energy-auto-insurance-distribution/): Ather Energy Limited has announced plans to venture into auto insurance distribution as part of its broader strategy to enhance the electric vehicle ownership experience. The company will incorporate a wholly owned subsidiary that will function as a corporate insurance agent, offering motor insurance products to its customer base across India. The proposed subsidiary will partner with multiple insurance providers to distribute auto insurance policies tailored specifically for electric two-wheelers. By bringing insurance distribution in-house, Ather aims to simplify policy purchase, renewals, and servicing while improving transparency and integration with its digital ecosystem. The initiative is expected to allow Ather to [&hellip;]
- [Amaravati Quantum Valley Emerges as India’s Quantum Hub as Andhra Pradesh Clears Seven Advanced Tech Projects](https://angelnews.in/indianews/andhra-pradesh-news/andhra-pradesh-quantum-technology-projects-amaravati-quantum-valley/): The Government of Andhra Pradesh has approved a series of quantum technology projects under its Quantum Computing Policy 2025–30, strengthening the state’s ambition to emerge as a national hub for advanced quantum research and commercial applications. The approvals cover seven companies planning to establish offices, laboratories and manufacturing facilities at Amaravati Quantum Valley. The cleared proposals include projects from Qclairvoyance Quantum Labs, Centella Scientific, Cybranex Technologies and Consultancy, Qubitech Smart Solutions, FortyTwo42 Technology Innovations, Nostradamus Technologies and QpiAI India. The initiatives span a wide spectrum of quantum use cases, including quantum programming and application development, hardware manufacturing, post-quantum cybersecurity, quantum drug [&hellip;]
- [HCLTech to Acquire HPE Telco Solutions Business in USD 160 Million Deal to Strengthen AI-Led Telecom Capabilities](https://angelnews.in/stocknews/acquisition/hcltech-acquires-hpe-telco-solutions-ai-telecom-deal/): HCL Technologies Limited (HCLTech) has announced the signing of a definitive agreement to acquire the Telco Solutions business from Hewlett Packard Enterprise (HPE), reinforcing its strategic focus on engineering-led and AI-driven network solutions for global communication service providers. The transaction, valued at up to USD 160 million, includes USD 15 million linked to performance milestones. The acquisition is structured as an asset carve-out and will be executed entirely through cash consideration. It follows HCLTech’s earlier acquisition of select assets from HPE’s Communications Technology Group in 2024, which have since been integrated into its telecom portfolio. HPE’s Telco Solutions business supports over [&hellip;]
- [Max Healthcare Approves ₹200 Crore Acquisition of Yerawada Properties to Develop 450-Bed Super Speciality Hospital in Pune](https://angelnews.in/stocknews/acquisition/max-healthcare-yerawada-properties-acquisition-pune-hospital/): Max Healthcare Institute Limited has approved the acquisition of a 100% equity stake in Yerawada Properties Private Limited as part of its strategy to expand its healthcare presence in Maharashtra. The decision was taken at the company’s board meeting held on December 18, 2025. The acquisition will be executed through a share purchase agreement in a phased or step-up manner. In the initial tranche, Max Healthcare will acquire all Class A equity shares, providing full voting rights along with approximately 50.22% economic interest in the entity. The remaining Class B equity shares will be acquired progressively over a period of around [&hellip;]
- [Cyient Semiconductors Signs USD 93 Million Agreement to Acquire Majority Stake in Kinetic Technologies](https://angelnews.in/stocknews/acquisition/cyient-semiconductors-usd-93-million-kinetic-technologies-acquisition/): Cyient Semiconductors has signed a definitive agreement to acquire a majority stake in Kinetic Technologies, a global player in power management, analog, and mixed-signal semiconductor solutions. The proposed transaction, with a total consideration of up to USD 93 million, marks a strategic step in Cyient Semiconductors’ efforts to expand its presence in the fast-growing power semiconductor and custom integrated circuit market. The acquisition, once completed, is expected to strengthen Cyient Semiconductors’ capabilities in developing application-specific power integrated circuits tailored for high-growth segments such as edge artificial intelligence, data centers, electrification, automotive electronics, networking infrastructure, and industrial automation. The global power semiconductor [&hellip;]
- [Botswana Government and KP Group Commit ₹36,000 Crore to Support 5 GW Renewable Energy Goal](https://angelnews.in/stocknews/mou/botswana-kp-group-renewable-energy-investment/): The Government of the Republic of Botswana has entered into a strategic partnership with India-based KP Group to collaborate on large-scale renewable energy and power infrastructure development. The partnership, formalised through a Memorandum of Understanding (MoU), involves joint investments estimated at nearly ₹36,000 crore and is aimed at supporting Botswana’s long-term clean energy transition and energy security objectives. The MoU has been signed between Botswana’s Ministry of Minerals and Energy and KP Group, which comprises KPI Green Energy Limited, KP Energy Limited and KP Green Engineering Limited. The agreement establishes a structured framework for cooperation in the planning, development and implementation [&hellip;]
- [Godawari Power and Ispat Invests ₹73.95 Crore in Godawari New Energy for Battery Storage Project](https://angelnews.in/stocknews/investment-news/godawari-power-and-ispat-invests-73-95-crore-godawari-new-energy-battery-storage/): Godawari Power and Ispat Limited has made a further investment of ₹73.95 crore in its wholly owned subsidiary, Godawari New Energy Private Limited, to support its expansion into the battery energy storage segment. The investment was executed through the allotment of 7.395 crore Series-2 optionally convertible redeemable preference shares, each with a face value of ₹10, issued at par on a rights basis. The preference shares carry a non-cumulative participating structure. The funds will be utilised to meet capital expenditure and working capital requirements for setting up a 20 GWh battery energy storage system plant in the first phase. The project [&hellip;]
- [Aurionpro Solutions Secures Major Transaction Banking Deal With Leading Public Sector Bank in India](https://angelnews.in/stocknews/aurionpro-transaction-banking-deal-public-sector-bank-india/): Aurionpro Solutions Limited has secured a significant multi-year contract from one of India’s leading public sector banks to deploy its next-generation transaction banking platform, reinforcing its leadership position in the domestic banking technology market. Under the agreement, Aurionpro will implement its flagship iCashpro cash management solution, which includes software licensing, platform deployment and an extended annual maintenance contract. The project is designed to modernise the bank’s transaction banking infrastructure amid increasing competition and rapid digitisation across the banking sector. The iCashpro platform offers a unified digital experience covering payments, collections, liquidity management, mandates, virtual accounts, reconciliation and government business transactions. The [&hellip;]
- [Suzlon Energy and Yanara Secures 306 MW Wind Power Orders in Rajasthan](https://angelnews.in/stocknews/suzlon-energy-yanara-306-mw-wind-power-orders-rajasthan/): Suzlon Energy Limited and Yanara have expanded their long-standing partnership with the signing of new wind turbine supply agreements totaling 306 MW for projects in Rajasthan. The latest orders further strengthen Suzlon’s position in India’s wind energy sector while supporting Yanara’s expanding portfolio of firm and dispatchable renewable energy projects. The collaboration includes two contracts of 153 MW each for projects to be executed in the Barmer district. Under the agreement, Suzlon will supply and install 102 S144 wind turbine generators, each with a rated capacity of 3 MW, using hybrid lattice tower technology. These installations are part of Yanara’s utility-scale [&hellip;]
- [Protean eGov Technologies to Acquire 4.95% Stake in NSDL Payments Bank to Strengthen Digital Banking Strategy](https://angelnews.in/stocknews/acquisition/protean-egov-technologies-nsdl-payments-bank-495-stake-acquisition/): Protean eGov Technologies Limited has approved the acquisition of a 4.95 percent equity stake in NSDL Payments Bank Limited, marking a strategic move to expand its presence in India’s digital financial ecosystem. The decision aligns with the company’s long-term vision of building population-scale digital infrastructure and strengthening partnerships within the regulated banking framework. NSDL Payments Bank, a wholly owned subsidiary of National Securities Depository Limited, operates as a digital-first payments bank with a strong focus on financial inclusion. The bank offers paperless account opening, zero-balance digital savings accounts and instant payment solutions through platforms such as UPI, IMPS, Aadhaar-enabled Payment Systems [&hellip;]
- [Zaggle Prepaid Ocean Services Approves Wholly Owned Fintech Subsidiary in GIFT City](https://angelnews.in/stocknews/zaggle-prepaid-ocean-services-wholly-owned-subsidiary-gift-city/): Zaggle Prepaid Ocean Services Limited has approved the incorporation of a wholly owned subsidiary in Gujarat International Finance Tec-City GIFT City as part of its strategic expansion in the fintech segment. The decision was taken by the company’s board of directors at its meeting held on December 16, 2025. The proposed subsidiary will be incorporated under the name Zaggle Payments IFSC Limited, following approval from the Ministry of Corporate Affairs. The company has proposed an authorised share capital of ₹15 lakh, divided into 1.5 lakh equity shares with a face value of ₹10 each. As the entity is yet to be [&hellip;]
- [Intellect Design Arena Wins Deal to Transform Digital Banking for 35 Canadian Credit Unions](https://angelnews.in/stocknews/intellect-design-arena-canadian-credit-unions-digital-banking-deal/): Intellect Design Arena Limited has secured a major deal through its step-down subsidiary, Intellect Design Arena Inc., to fast-track digital banking transformation for 35 Canadian credit unions. These partnerships span eight provinces in Canada and include institutions collectively managing more than USD 13 billion in assets under administration while serving over 373,000 retail and small business members. As part of the initiative, the participating credit unions will implement Intellect’s eMACH.ai Digital Engagement Platform, a cloud-native and SaaS-enabled solution designed to deliver secure, seamless and personalised digital banking experiences. The platform is expected to significantly enhance member engagement while enabling scalable growth [&hellip;]
- [Vascon Engineers Wins ₹260 Crore EPC Contract for Super Specialty Hospital in Navi Mumbai](https://angelnews.in/stocknews/order-wins/vascon-engineers-260-crore-epc-hospital-project-navi-mumbai/): Vascon Engineers Limited has secured a significant construction contract valued at ₹260.09 crore from the Navi Mumbai Municipal Corporation, marking a key addition to its public infrastructure project portfolio. The contract pertains to the construction of a Super Specialty Hospital at Plot No. 4, Sector 15A, CBD Belapur, Navi Mumbai. The project will be executed under the Engineering, Procurement and Construction (EPC) model and is scheduled for completion within 36 months from the date of issuance of the work order. The total order value includes applicable goods and services tax and has been awarded by a domestic municipal authority. The company [&hellip;]
- [SEPC Enters ₹3,300 Crore Coal Mining Project in Madhya Pradesh With JARPL–AT Consortium](https://angelnews.in/stocknews/sepc-3300-crore-mining-consortium-project/): SEPC Limited has secured entry into a large-scale mining project valued at approximately ₹3,300 crore through its association with the JARPL–AT Consortium. The consortium has been awarded the Rampur Batura Opencast Coal Mine Project by South Eastern Coalfields Limited (SECL). The project is located in the Sohagpur area of Shahdol district, Madhya Pradesh. The company has entered into formal agreements with Jai Ambey Roadlines Private Limited and Avinash Transport, which together operate under the JARPL–AT Consortium. The aggregate contract value under various agreements is estimated at around ₹3,299.51 crore, inclusive of GST, with an expected execution period of nearly 10 years. [&hellip;]
- [Wheels India Signs Technical Agreement With Japan’s Topy Industries to Expand Aluminium Alloy Wheels Business](https://angelnews.in/stocknews/wheels-india-japan-topy-industries-technical-agreement-aluminium-alloy-wheels/): Wheels India Limited has entered into a technical assistance agreement with Japan-headquartered Topy Industries to strengthen its aluminium alloy wheels business. The collaboration focuses on the design, development and manufacture of cast aluminium wheels and is expected to support the company’s expansion plans in the domestic and global markets. As part of the agreement, Topy Industries will provide technical know-how and engineering support aimed at enhancing Wheels India’s design and manufacturing capabilities in the aluminium wheels segment. Topy Industries is a globally established wheel manufacturer with over a century of experience in advanced wheel technologies. Wheels India entered the alloy wheel [&hellip;]
- [Inox Wind Secures 102.3 Megawatt Wind Power Order From Aditya Birla Renewables](https://angelnews.in/stocknews/inox-wind-secures-102-3-mw-order-aditya-birla-renewables/): Inox Wind Limited has announced that it has secured a 102.3 megawatt wind power order from ABREL EPC Limited, a subsidiary of Aditya Birla Renewables Limited. The order marks the first commercial engagement between Inox Wind and the Aditya Birla Group’s renewable energy platform. The project involves the supply of Inox Wind’s 3.3 megawatt wind turbine generators for wind energy projects being developed in Karnataka. The order reflects Aditya Birla Renewables’ ongoing expansion in clean energy capacity and its focus on scaling utility-scale wind power assets. With this contract, Inox Wind adds a major corporate renewable energy developer to its order [&hellip;]
- [PVR INOX Opens 11-Screen Superplex at Inorbit Mall Cyberabad Hyderabad With PXL and 4DX Formats](https://angelnews.in/stocknews/pvr-inox-11-screen-superplex-inorbit-mall-cyberabad-hyderabad/): PVR INOX Limited has expanded its cinema footprint in Hyderabad with the opening of five new screens at Inorbit Mall, Cyberabad, converting the property into an 11-screen Superplex. The upgraded location now becomes the largest multiplex property in the city by number of auditoriums. The newly added screens introduce three premium viewing formats—Luxe, PXL, and 4DX—alongside mainstream auditoriums. The expansion is aimed at offering a wider range of viewing experiences for families, young audiences, and working professionals in one location. A key highlight of the launch is the introduction of PXL, marking its first presence in Telangana. The format features a [&hellip;]
- [R Systems International Completes Acquisition of Novigo Solutions Strengthening Global Digital Engineering and AI Capabilities](https://angelnews.in/stocknews/r-systems-completes-acquisition-novigo-solutions-expands-ai-digital-engineering/): R Systems International Limited announced the successful completion of its acquisition of Novigo Solutions Private Limited, strengthening its global digital engineering, automation and AI portfolio. The transaction, closed on 13 November 2025 following all regulatory clearances, results in R Systems taking full ownership of Novigo, which now operates as its subsidiary. The company confirmed that integration activities are underway and will be executed in phases to ensure continuity and stability for existing customers. Novigo will continue supporting its current engagements as both organisations align teams, systems and delivery processes. The gradual approach aims to create a unified structure without disrupting ongoing [&hellip;]
- [Dynacons Systems and Solutions Wins Rs 74.99 Crore Device as a Service Project from Jammu and Kashmir Bank](https://angelnews.in/sme-stock-news/dynacons-systems-solutions-rs-74-99-crore-device-as-a-service-project-jammu-kashmir-bank/): Dynacons Systems and Solutions Limited announced that it has secured a significant Device-as-a-Service (DaaS) project worth Rs 74.99 crore from Jammu &amp; Kashmir Bank. The initiative aims to strengthen the bank’s digital workplace infrastructure and streamline device management across its extensive branch network. Under the agreement, Dynacons will deploy 9,851 advanced desktops across 1,019 branches on a five-year Opex-based service model. The solution is designed to deliver predictable costs, improved operational efficiency, and scalable IT infrastructure suited to the bank’s long-term transformation strategy. The scope of work includes complete lifecycle management of all deployed devices, covering procurement, configuration, support services, security [&hellip;]
- [Cyient Enhances Digital and Engineering Solutions in Middle East Through Abu Dhabi and Gulf Computer Establishment Acquisition](https://angelnews.in/stocknews/acquisition/cyient-middle-east-expansion-abu-dhabi-gulf-computer-establishment-acquisition/): India-headquartered Cyient Limited has strengthened its Middle East presence by launching dedicated regional operations alongside the strategic acquisition of Abu Dhabi &amp; Gulf Computer Est. (ADGCE). The expansion aims to enhance the company’s ability to deliver intelligent engineering, digital transformation, and sustainability-focused solutions across sectors such as Energy, Utilities, Transportation and Connectivity. The Middle East is rapidly advancing smart infrastructure, digitalisation and national transformation agendas, driven by initiatives like Saudi Vision 2030 and UAE Vision 2031. Cyient’s expanded footprint positions the company to collaborate with government bodies, utilities, transport networks, telecom operators and private enterprises seeking modern, resilient and efficient engineering [&hellip;]
- [GK Energy Secures ₹366.63 Crore Order for 13,239 Off-Grid Solar Water Pumping Systems Across Maharashtra](https://angelnews.in/stocknews/order-wins/gk-energy-366-crore-solar-water-pump-order-maharashtra/): GK Energy Limited announced that it has received a Letter of Empanelment and Letter of Award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for a large-scale solar deployment initiative. The order covers the design, manufacture, supply, installation, testing and commissioning of 13,239 off-grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) across Maharashtra. The project has been sanctioned under the Magel Tyala Saur Krushi Pump Yojana and the PM Kusum B Scheme, both aimed at promoting clean energy adoption and supporting agricultural irrigation needs. The awarded systems span capacities of 3 HP, 5 HP and 7.5 HP, ensuring suitability for varied [&hellip;]
- [Sahaj Solar Secures Rs 35.75 Crore Contract from MSEDCL for Off Grid Solar Pumping Systems](https://angelnews.in/sme-stock-news/sahaj-solar-secures-35-75-crore-msedcl-off-grid-solar-pumping-systems-contract/): Sahaj Solar Limited announced that it has secured a Letter of Empanelment and rate contract from Maharashtra State Electricity Distribution Company Limited for the deployment of off grid solar powered water pumping systems across the state. The project is being undertaken under the Magel Tyala Saur Krushi Pump Yojana and the PM KUSUM B Scheme. The contract involves the design manufacture supply transportation installation testing and commissioning of off grid DC solar photovoltaic pumping systems in 3 HP 5 HP and 7.5 HP capacities. These systems will be installed at identified farmer locations and will include a five year warranty along [&hellip;]
- [Action Construction Equipment and Sanghvi Movers Sign Strategic MoU to Boost Indigenous Heavy Crane Deployment](https://angelnews.in/stocknews/mou/action-construction-equipment-sanghvi-movers-strategic-mou-indigenous-heavy-cranes/): Action Construction Equipment Limited and Sanghvi Movers Limited have entered into a strategic Memorandum of Understanding aimed at increasing the deployment of indigenously manufactured heavy cranes across India’s growing infrastructure and industrial sectors. The agreement focuses on expanding the use of heavy slew cranes—including truck cranes and crawler cranes—manufactured by Action Construction Equipment. Sanghvi Movers plans to progressively grow its fleet with domestically produced cranes, supporting India’s goals of reducing import dependence and strengthening local manufacturing under the Make in India and Aatmanirbhar Bharat initiatives. Action Construction Equipment will provide specialised product support, technical expertise, and custom solutions tailored to evolving [&hellip;]
- [TCS Announces USD 700 Million Acquisition of Coastal Cloud to Boost Salesforce and AI Capabilities](https://angelnews.in/stocknews/acquisition/tcs-700-million-acquisition-coastal-cloud-salesforce-ai/): Tata Consultancy Services (TCS) has announced the acquisition of Coastal Cloud Holdings LLC and its subsidiaries, marking a strategic expansion of its Salesforce and AI-led consulting capabilities. The company’s Board has approved the execution of a Securities Purchase Agreement and Plan of Merger to complete the transaction. Deal Valued Up to USD 700 Million The acquisition carries an enterprise value of up to USD 700 million, including upfront and deferred components. TCS will execute the deal through its US-based subsidiary, ListEngage MidCo LLC, which will also incorporate two new subsidiaries to facilitate the process. Strengthening Multi-Cloud and AI Capabilities Coastal Cloud [&hellip;]
- [Meesho Invests ₹2,890 Crore in Subsidiary Meesho Technologies Through Major Rights Issue](https://angelnews.in/stocknews/meesho-invests-2890-crore-in-meesho-technologies-rights-issue/): Meesho Limited has announced a significant financial investment of up to ₹2,890 crore in its wholly owned subsidiary, Meesho Technologies Private Limited, through a rights issue. The decision is aligned with the company’s previously stated objectives outlined during its initial public offering process. Details of the Rights Issue As part of this transaction, Meesho Limited subscribed to more than 1.31 billion equity shares of the subsidiary, each priced at ₹22.05. The investment has been made entirely through cash consideration. Despite the capital infusion, there is no change in ownership, and Meesho Technologies continues to remain a 100% subsidiary of the parent [&hellip;]
- [Highway Infrastructure Limited Bags Record Rs 328.77 Crore Contract as Order Book Crosses Rs 1,078 Crore](https://angelnews.in/sme-stock-news/highway-infrastructure-rs-328-77-crore-nhai-contract-order-book-1078-crore/): Highway Infrastructure Limited (HIL) announced that it has secured its largest-ever single work contract, strengthening its operational footprint and expanding its national infrastructure presence. The company received a Letter of Award (LOA) worth Rs 328.77 crore from the National Highways Authority of India (NHAI). The contract covers user fee collection and operations management at Kaza Fee Plaza on the Chilakaluripet–Vijayawada section of NH-16 in Andhra Pradesh, spanning 82.5 km. Under the mandate, HIL will manage toll operations, ensure maintenance of adjacent toilet blocks, and provide consumables for a one-year period. NH-16 is part of a key north–south corridor, making this project [&hellip;]
- [Vintage Coffee and Beverages Signs MoU with Telangana to Establish Premium Freeze-Dried Coffee Plant](https://angelnews.in/india-investment-news/telangana-investment-news/vintage-coffee-mou-telangana-freeze-dried-coffee-plant/): Vintage Coffee and Beverages Limited has formalised a Memorandum of Understanding with the Government of Telangana for setting up a Premium Freeze-Dried Coffee plant in the state. The agreement was signed on 9 December 2025 during the Telangana Rising Global Summit 2025 held at Bharat Future City. Under the MoU, the company’s wholly owned subsidiary Vintage Coffee Private Limited will develop the facility across 20 acres of land. The Government of Telangana has committed to providing all required clearances and support through the TG-IPASS framework to accelerate the project’s execution. The MoU signifies the State’s intent to extend cooperation through its [&hellip;]
- [Kalpataru Projects International Wins ₹2,471 Crore New Orders Including Underground Metro Project in India](https://angelnews.in/latestnews/kalpataru-projects-international-new-orders-2471-crore-fy26/): Kalpataru Projects International Limited (KPIL), a leading engineering, procurement, and construction (EPC) company, has announced the receipt of new orders and notifications of awards amounting to approximately ₹2,471 crore. The company stated that the fresh contracts span multiple business segments. These include an underground metro rail project in India secured through a joint venture or consortium, along with orders in the power transmission and distribution (T&amp;D) sector across both domestic and international markets. KPIL has also received contracts under its Buildings and Factories (B&amp;F) business segment within India. Commenting on the development, Manish Mohnot, Managing Director and Chief Executive Officer of [&hellip;]
- [Intellect Design Arena Limited Approves 50:50 Joint Venture with Fintel PLC to Build an AI Financial Advisory Platform in the UK Market](https://angelnews.in/stocknews/joint-venture/intellect-design-arena-fintel-plc-joint-venture-ai-financial-advisory-platform-uk/): Intellect Design Arena Limited announced that its Board of Directors has approved a proposal to form a joint venture with United Kingdom based financial services firm Fintel PLC. The decision was taken during the board meeting held on March 16, 2026. The proposed joint venture company will be incorporated in the United Kingdom, subject to the required regulatory approvals. The partnership is aimed at developing and commercialising an artificial intelligence led financial advisory platform specifically designed for the UK financial services market. According to the regulatory disclosure, the new entity will operate as a collaborative venture between the two companies with [&hellip;]
- [Mahanagar Telephone Nigam Limited Reports ₹9,187.73 Crore Loan Default to Seven Public Sector Banks](https://angelnews.in/stocknews/mtnl-rs-9187-crore-loan-default-psu-banks-total-debt-rs-36216-crore/): Mahanagar Telephone Nigam Limited (MTNL) has disclosed a default in the payment of principal instalments and interest to multiple public sector banks, with the total default amount reaching ₹9,187.73 crore as of February 28, 2026. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing stock exchanges about the company’s financial obligations and the status of loan repayments. According to the filing, the default relates to borrowings from seven public sector lenders, including Union Bank of India, Bank of India, Punjab National Bank, State Bank of India, UCO Bank, Punjab and Sind Bank, [&hellip;]
- [Exicom Tele-Systems Opens New Hyderabad Manufacturing Facility for EV Charging and Lithium-Ion Battery Systems Production](https://angelnews.in/stocknews/exicom-hyderabad-ev-charging-manufacturing-facility/): Exicom Tele-Systems Limited has inaugurated a new integrated manufacturing facility in Hyderabad, Telangana, aimed at strengthening its capabilities in electric vehicle charging infrastructure, lithium-ion battery systems, and critical power solutions. The company disclosed the development through a regulatory filing to the stock exchanges under SEBI’s Listing Obligations and Disclosure Requirements. The newly launched facility is designed to support the growing demand for EV charging infrastructure and advanced power management technologies across both domestic and international markets. The Hyderabad manufacturing unit will focus on producing EV charging solutions, lithium-ion battery systems, and other critical power equipment used in sectors such as mobility, [&hellip;]
- [RNIT AI Solutions secures two year agreement to deploy AI attendance system across 3,900 institutions in Andhra Pradesh](https://angelnews.in/sme-stock-news/rnit-ai-solutions-ai-attendance-system-andhra-pradesh-colleges/): RNIT AI Solutions Limited has entered into a Service Level Agreement with the Commissionerate of Higher Education (CHE), Government of Andhra Pradesh, to deploy an artificial intelligence driven facial recognition attendance management system across higher education institutions in the state. The agreement involves the design, development, integration, deployment and maintenance of a mobile driven facial recognition attendance platform. The system will be used to digitally authenticate and manage attendance for students, faculty and staff across institutions operating under the administrative control of the Commissionerate of Higher Education. According to the company’s regulatory disclosure, the AI based Facial Recognition Attendance Management System [&hellip;]
- [Data Patterns Secures ₹279 Crore IMD Contract to Supply 34 Doppler Weather Radars](https://angelnews.in/stocknews/order-wins/data-patterns-imd-doppler-weather-radar-order-279-crore/): Data Patterns (India) Limited has secured a ₹279 crore contract from the Indian Meteorological Department (IMD) for the supply of Doppler Weather Radar systems, according to a regulatory filing dated March 15, 2026. The order includes the supply of 34 Doppler Weather Radar units that will be deployed across different regions of India to enhance the country’s weather monitoring infrastructure. Doppler Weather Radar systems are used for tracking rainfall, storms, wind patterns, and severe weather conditions, enabling more accurate forecasting and early warning systems. According to the company’s exchange filing, the contract was part of previously negotiated agreements with the Indian [&hellip;]
- [Waaree Energies to Build 10 GW Solar Ingot and Wafer Manufacturing Facility in Nagpur with ₹6,200 Crore Investment](https://angelnews.in/india-investment-news/maharashtra-investment-news/waaree-energies-10gw-solar-plant-nagpur/): Waaree Energies Limited has announced plans to establish India’s largest integrated solar ingot and wafer manufacturing facility in Nagpur, Maharashtra. The project, with an investment of approximately ₹6,200 crore, marks a major step toward strengthening India’s domestic solar manufacturing ecosystem and reducing reliance on imports. The facility will be developed at Butibori in Nagpur and will be spread across nearly 300 acres. Once operational, the plant will have a manufacturing capacity of 10 gigawatts each for solar ingots and wafers, making it the largest integrated complex of its kind in India. The announcement was made during a groundbreaking ceremony attended by [&hellip;]
- [Prime Minister Narendra Modi Inaugurates Adani Ports’ 4 MMTPA Fully Automated Haldia Bulk Terminal at Kolkata Port](https://angelnews.in/indianews/adani-ports-haldia-bulk-terminal-inaugurated-by-pm-modi/): Prime Minister Narendra Modi on March 14, 2026 inaugurated the Haldia Bulk Terminal (HBT) developed by Adani Ports and Special Economic Zone Ltd (APSEZ), marking the launch of India’s first fully automated dry bulk cargo handling facility. The terminal has been commissioned at the Haldia Dock Complex of Syama Prasad Mookerjee Port in Kolkata, strengthening logistics infrastructure along India’s eastern maritime corridor. The newly inaugurated terminal has an installed capacity of 4 million metric tonnes per annum (MMTPA) and is designed to handle dry bulk cargo such as imported coal and other industrial raw materials. Built on the Hooghly River, the [&hellip;]
- [Ola Electric Offers ₹10,000 Discount and 8 Year Battery Warranty on S1 Scooters and Roadster Motorcycles Under End ICE Age Campaign](https://angelnews.in/stocknews/ola-electric-endiceage-campaign-20000-benefits-ev-adoption-india/): Ola Electric Mobility Limited has announced the launch of its nationwide #EndICEAge campaign, aimed at accelerating the transition from petrol-powered two-wheelers to electric mobility in India. The initiative seeks to highlight the rising cost and inconvenience associated with petrol vehicles while encouraging consumers to shift toward electric alternatives. The Bengaluru-based electric vehicle manufacturer stated that the campaign will offer limited-period benefits worth more than ₹20,000 to customers purchasing new electric two-wheelers. The special promotional offers will be available for three days until March 16, 2026, and apply to buyers of the company’s Ola S1 electric scooters and Roadster electric motorcycles. Under [&hellip;]
- [VA Tech WABAG JV Secures Mega Order to Build Chennai City Wide Water Grid](https://angelnews.in/stocknews/joint-venture/vatech-wabag-mega-order-chennai-city-water-grid-cmwssb/): VA Tech WABAG Limited has secured a major infrastructure contract from the Chennai Metropolitan Water Supply and Sewerage Board to develop a city wide looped water transmission network in Chennai. The project is funded by the Asian Development Bank and forms part of the Chennai Climate Resilient Water Security and Sewerage Project aimed at strengthening the city’s water distribution system. The contract has been awarded to a joint venture led by VA Tech WABAG. According to the company, the project is categorized as a mega order, indicating a value exceeding ₹1000 crore under the company’s order classification framework. The project will [&hellip;]
- [Heritage Foods Inaugurates 24 Million Litre Capacity Ice Cream Manufacturing Facility at Shamirpet Near Hyderabad](https://angelnews.in/stocknews/heritage-foods-ice-cream-plant-shamirpet-hyderabad/): Heritage Foods Limited announced the inauguration of a new ice cream manufacturing facility at Shamirpet near Hyderabad, Telangana, marking a significant expansion in its value-added dairy business. The new greenfield plant is part of the company’s strategy to strengthen its presence in the rapidly growing ice cream segment in India. The facility has been developed with modern automated production systems and advanced quality control infrastructure designed to ensure consistent product quality and operational efficiency. According to the company, the plant has an installed production capacity of approximately 24 million litres per annum, with provisions for future expansion as demand increases. Heritage [&hellip;]
- [Krystal Integrated Services Wins Rs. 364 Crore Facility Management Contract from Tamil Nadu Medical Services Corporation](https://angelnews.in/sme-stock-news/krystal-integrated-services-rs-364-crore-tnmsc-facility-management-contract/): Krystal Integrated Services Limited has secured a major contract from Tamil Nadu Medical Services Corporation Limited (TNMSC) to provide facility management services across multiple government medical institutions in the state. The contract involves providing housekeeping, security and other support services at various government medical institutions operating under the Directorate of Medical and Rural Health Services (DMRHS), Directorate of Medical and Rural Health Services (ESI), and institutions managed by the Commissionerate of Indian Medicine and Homeopathy. The services will be delivered on an outsourced basis, with Krystal Integrated Services responsible for managing operational facility requirements across the designated healthcare institutions. The contract [&hellip;]
- [Tata Motors Wins Government Orders for More Than 5,000 Buses Across Several Indian States](https://angelnews.in/stocknews/order-wins/tata-motors-wins-government-orders-for-more-than-5000-buses/): Tata Motors has secured cumulative orders for more than 5,000 buses and bus chassis from several State Transport Undertakings (STUs) across India, strengthening its position in the country’s mass mobility sector. The orders were awarded through a competitive e-bidding process under the government procurement system, with deliveries expected to take place in phases based on deployment schedules agreed with the respective transport corporations. The large order book includes purchases from several major state transport bodies such as Maharashtra State Road Transport Corporation (MSRTC), Gujarat State Road Transport Corporation (GSRTC), North Western Karnataka Road Transport Corporation (NWKRTC), Telangana State Road Transport Corporation [&hellip;]
- [Aurionpro Solutions Secures ₹350 Crore Order to Build AI Ready Green Data Centre](https://angelnews.in/stocknews/aurionpro-wins-350-crore-hyperscale-data-centre-order/): Aurionpro Solutions Limited has secured its largest ever order in the data centre segment, winning a contract valued at approximately ₹350 crore from a leading hyperscale data centre operator. The company announced the development in a press release on March 13, 2026. The multi-year mandate involves the development of a large AI-ready green data centre in India designed to support next-generation high-density computing workloads. The project will focus on building infrastructure capable of supporting the rapidly growing demand for artificial intelligence and advanced digital services. Under the agreement, Aurionpro will undertake comprehensive design, detailed engineering and complete execution of mechanical, electrical [&hellip;]
- [Ramky Infrastructure Subsidiary to Develop ₹3000 Crore Life Sciences City at Dighi Port Industrial Area in Maharashtra](https://angelnews.in/india-investment-news/maharashtra-investment-news/ramky-infrastructure-midc-life-sciences-city-maharashtra-project/): Ramky Infrastructure Limited has announced that its wholly owned subsidiary, Maha Integrated Life Sciences City Limited (MILeS City), has executed a concession agreement with the Maharashtra Industrial Development Corporation (MIDC) for the development of a High-Tech Pharmaceutical Park in Maharashtra. The project will be developed at the Dighi Port Industrial Area located in Mangaon and Roha taluks of Raigad district. The agreement was executed under a public private partnership model for the development, operation, maintenance, and management of the proposed industrial park. According to the company, the concession period for the project is 95 years, which includes a construction period of [&hellip;]
- [Optiemus Electronics to Manufacture 3 Million Smartphones for Ai+ Brand at Noida Facility](https://angelnews.in/latestnews/optiemus-ai-plus-smartphone-manufacturing-india-noida-facility/): Optiemus Infracom Limited announced that its wholly owned subsidiary, Optiemus Electronics Limited (OEL), has entered into a manufacturing agreement with Ai+ Smartphone to produce smartphones, tablets, IoT devices, and advanced wearable products in India. The partnership is expected to strengthen domestic electronics manufacturing and aligns with the Government of India’s Make in India initiative. Under the agreement, the companies plan to invest approximately ₹125 crore in India-based manufacturing over the next five years. As part of the collaboration, Optiemus Electronics will manufacture around 3 million Ai+ smartphones. The manufacturing scope will also include tablets, Internet of Things (IoT) products, and advanced [&hellip;]
- [VA Tech WABAG Secures Mega PPP Order for 45 MLD TTRO Plant Refurbishment Project in Chennai](https://angelnews.in/stocknews/va-tech-wabag-mega-ppp-order-45-mld-ttro-plant-chennai/): VA Tech WABAG Ltd has secured a Letter of Award from the Chennai Metropolitan Water Supply and Sewerage Board for a major water recycling project in Chennai. The contract involves the refurbishment, financing, operation, maintenance, and transfer of a 45 million litres per day Tertiary Treatment Reverse Osmosis plant located at Kodungaiyur. The project will be executed under the Public Private Partnership model and focuses on restoring the facility to its full treatment capacity. The TTRO plant, originally developed in 2019, supplies high quality treated wastewater to industries located in the Manali–Ennore and Manali–Minjur industrial corridors. Under the agreement, WABAG will [&hellip;]
- [Donald Trump Says Reliance Industries Partnered $300 Billion Oil Refinery Will Bring First New U.S. Refinery in 50 Years to Texas](https://angelnews.in/worldnews/trump-300-billion-texas-oil-refinery-reliance-brownsville/): A new oil refinery project has been announced for the Port of Brownsville in Texas, marking what is being described as the first new refinery planned in the United States in nearly five decades. The project was highlighted by former U.S. President Donald J. Trump, who stated that the development represents a major investment in the country’s energy sector. According to the announcement shared on the social media platform Truth Social, the refinery project is expected to involve an investment of approximately $300 billion, making it one of the largest energy investments in U.S. history if completed as proposed. The project [&hellip;]
- [Prime Focus’ BRAHMA AI And Google Cloud Collaborate To Build Enterprise Digital Human Platforms](https://angelnews.in/stocknews/prime-focus-brahma-ai-google-cloud-digital-humans-collaboration/): Prime Focus Limited’s enterprise AI content platform BRAHMA AI has announced a multi-year strategic collaboration with Google Cloud to scale high-fidelity interactive digital humans designed to transform enterprise communication worldwide. The partnership aims to combine Google Cloud’s advanced artificial intelligence infrastructure with BRAHMA AI’s enterprise content platform to create hyper-realistic digital human interfaces that can communicate with global audiences in multiple languages. The initiative is expected to help organizations enhance customer engagement, digital communication, and knowledge delivery across industries. Under the collaboration, Google Cloud will support BRAHMA AI’s product development and innovation lifecycle by providing secure, scalable AI infrastructure and generative [&hellip;]
- [Cyient Announces Strategic Partnership With Prospecta to Build Unified Master Data Foundation](https://angelnews.in/stocknews/cyient-prospecta-partnership-unified-master-data-foundation/): Cyient Limited has announced a strategic partnership with Prospecta aimed at transforming how asset-intensive industries manage and govern operational data. The collaboration will focus on building a unified Master Data Foundation to help organizations manage complex industrial assets more efficiently. According to the announcement, the joint solution will combine Cyient’s expertise in engineering services and asset lifecycle management with Prospecta’s cloud-native Master Data Management (MDM) and data governance platform. The partnership is expected to deliver a platform-led solution that converts fragmented and siloed operational data into a unified and trusted digital foundation. Asset-intensive sectors such as mining, energy, and transportation often [&hellip;]
- [Tata Advanced Systems Selects Ramco Aviation Software For New Defence MRO Facility Supporting Indian Air Force](https://angelnews.in/stocknews/tata-advanced-systems-ramco-aviation-software-defence-mro-c130j/): Tata Advanced Systems Limited (TASL), the aerospace and defence arm of the Tata Group, has selected Ramco Systems to implement its next-generation aviation software at the company’s upcoming Defence Maintenance, Repair and Overhaul (MRO) facility. The new facility will support maintenance operations for Lockheed Martin’s C-130J Super Hercules aircraft operated by the Indian Air Force. Ramco Systems announced that its advanced Aviation MRO platform will form the digital backbone of the facility’s operations. The integrated software suite will support multiple operational functions including contract and quote management, maintenance planning, hangar and component maintenance, supply chain management, engineering and quality processes, and [&hellip;]
- [Zaggle Signs Three Year Agreement With CNH Industrial India To Provide Propel Rewards Platform](https://angelnews.in/stocknews/zaggle-three-year-agreement-cnh-industrial-india-propel-platform/): Zaggle Prepaid Ocean Services Limited has announced that it has entered into an agreement with CNH Industrial (India) Private Limited to provide its Propel rewards and engagement platform. Under the agreement, Zaggle will deploy its Propel platform to support CNH Industrial India’s employee rewards, recognition, and engagement initiatives. The platform enables organizations to digitally manage reward programs and employee engagement activities through a centralized system. Through this partnership, Zaggle will provide its digital rewards and engagement solutions to CNH Industrial India as part of the company’s employee incentive and recognition framework. The contract, awarded by a domestic entity, will remain in [&hellip;]
- [ABB India plans $75 million investment to strengthen manufacturing and R&D operations](https://angelnews.in/stocknews/investment-news/abb-india-75-million-investment-manufacturing-rd-expansion-india/): ABB India has announced plans to invest approximately $75 million in the country during 2026 to expand its manufacturing capacity and strengthen its research and development capabilities. The investment aims to support the growing demand for advanced electrification and automation solutions across key infrastructure sectors. The expansion will focus on increasing manufacturing capabilities for critical infrastructure segments such as renewable energy, metro rail systems, and data centers. ABB stated that the investment will enhance its production footprint across five manufacturing locations in India, helping the company deliver localized technology solutions for domestic and global markets. As part of the investment plan, [&hellip;]
- [Paras Defence and Space Technologies bags ₹80.28 crore DRDO project for high precision optical system development](https://angelnews.in/stocknews/order-wins/paras-defence-drdo-order-80-28-crore-air-defence-optical-system/): Paras Defence and Space Technologies Limited has announced that it has received a contract from the Defence Research and Development Organisation (DRDO), under the Ministry of Defence, valued at approximately ₹80.28 crore including taxes. The order relates to the development of a high precision optical system designed for air defence applications. The company disclosed the development through a regulatory filing to stock exchanges on March 9, 2026. According to the filing, the contract has been awarded by DRDO as part of efforts to strengthen advanced defence technologies and indigenous capabilities within India’s defence sector. Under the agreement, Paras Defence will undertake [&hellip;]
- [Oriana Power Secures ₹1,180 Crore EPC Contract for 234 MW Floating Solar Project in Jharkhand](https://angelnews.in/stocknews/order-wins/oriana-power-234-mw-floating-solar-project-maithon-dam-jharkhand/): Oriana Power Limited has received purchase orders for the development of a 234 MW grid connected floating solar photovoltaic project at the Maithon Dam reservoir of Damodar Valley Corporation in Jharkhand. The project will be executed under the company’s Engineering, Procurement and Construction (EPC) segment, marking a major addition to its renewable energy project portfolio. The total contract value of the order is ₹1,180.53 crore, including GST. According to the company, the order includes multiple contracts covering the supply of plant and equipment, EPC services, and long term operation and maintenance of the floating solar power plant. Floating solar projects are [&hellip;]
- [Kwality Wall’s India Reports ₹222 Crore Revenue in Q3 FY26 With EBITDA Loss of ₹64 Crore](https://angelnews.in/stocknews/results/kwality-walls-india-q3-fy26-results-revenue-ebitda-loss-december-2025/): Kwality Wall’s (India) Limited reported revenue of ₹222 crore for the third quarter of FY26 ended December 31, 2025, while posting an EBITDA loss of ₹64.2 crore as the company faced margin pressure due to commodity inflation and trade investments. The company reported organic sales decline of 6.5 percent year on year during the quarter, while volume growth remained marginally positive at 1.2 percent. EBITDA loss before IND AS 116 stood at ₹83.8 crore. Margin Pressure From Commodity Costs The company reported gross margins of 41.5 percent during the quarter. Margins were impacted by one time trade investments related to higher [&hellip;]
- [Genesys International Launches IDS GeoRadar GPR System for 3D Underground Utility Mapping in India](https://angelnews.in/stocknews/genesys-international-ids-georadar-gpr-system-3d-underground-utility-mapping-india/): Genesys International Corporation Ltd announced the launch of an advanced IDS GeoRadar Ground Penetrating Radar (GPR) system designed for high precision 3D underground utility mapping in India. The technology enables authorities and infrastructure developers to detect and map buried utilities such as water pipelines, sewer networks, telecom cables, and power lines with greater accuracy. The newly introduced system is powered by patented Equalised Scrambling Technology (EST) and Wide Multi Array Antenna Technology, enabling high resolution subsurface imaging. The solution marks a significant advancement in the detection, mapping, and digital documentation of underground infrastructure that is often poorly mapped or undocumented. According [&hellip;]
- [Angel One Client Base Grows 20.8 Percent YoY to 36.93 Million in February 2026](https://angelnews.in/stocknews/angel-one-february-2026-business-update-client-base-orders-turnover/): Angel One Limited reported continued expansion in its customer base in February 2026, with total clients reaching 36.93 million, reflecting a 20.8 percent year on year increase compared with 30.58 million clients in February 2025. During the month, the company added 0.57 million new clients. However, this was lower than the 0.74 million additions recorded in January 2026, indicating a slight month on month moderation in new account openings. Angel One February 2026 Orders and Trading Activity Angel One recorded 144.01 million total orders in February 2026, compared with 99.27 million orders in February 2025, marking a 45.1 percent year on [&hellip;]
- [DEE Development Engineers Subsidiary Secures ₹20 Crore International HRSG Piping Order for Taiwan Project](https://angelnews.in/stocknews/order-wins/dee-development-engineers-20-crore-hrsg-piping-order-taiwan-project/): DEE Development Engineers Limited has announced that its material subsidiary, DEE Piping Systems (Thailand) Co Ltd, has received a Letter of Intent for the prefabrication and supply of piping materials for an international project in Taiwan. According to the company’s regulatory filing, the order relates to the supply of HRSG piping and piping supports for an overseas customer. HRSG, or Heat Recovery Steam Generator piping, is a critical component used in power generation projects to recover heat from gas turbines and convert it into steam. The contract has been awarded by an international entity, although the company stated that the name [&hellip;]
- [One Point One Solutions Completes $33.37 Million Netcom BCC Acquisition to Expand BPM Operations in Latin America](https://angelnews.in/stocknews/acquisition/one-point-one-solutions-netcom-bcc-acquisition-latin-america/): One Point One Solutions Limited has completed the acquisition of Netcom Business Contact Center S.A. in Costa Rica, Netcom BCC Colombia S.A.S., and related business assets in Panama in a deal valued at approximately $33.37 million. The transaction was executed through its wholly owned subsidiary, One Point One MENA Holdings Limited, and represents a major step in the company’s international expansion strategy. The acquisition provides One Point One Solutions with an established nearshore delivery platform in Latin America. Through operations in Costa Rica, Colombia, and Panama, the company will now be able to serve clients across North America and the wider [&hellip;]
- [Apollo Micro Systems Wins New Defence Contracts Worth ₹73.32 Crore from DRDO and DPSUs](https://angelnews.in/stocknews/order-wins/apollo-micro-systems-73-32-crore-drdo-dpsu-defence-orders/): Apollo Micro Systems Limited has announced that it has secured multiple new orders worth ₹73.32 crore from defence organisations, government departments, and private sector companies. The company disclosed the development through a regulatory filing to stock exchanges on March 4, 2026. According to the company, the cumulative order value stands at ₹733.26 million, equivalent to ₹73.32 crore. These orders have been received as part of the company’s regular business operations and cover several advanced defence and technology systems. A significant portion of the orders has been received from defence-related institutions. The Defence Research and Development Organisation (DRDO) has placed orders worth [&hellip;]
- [MRF Signs MoU With Tamil Nadu Government For ₹5300 Crore Tyre Manufacturing Project at Sivagangai SIPCOT Industrial Park](https://angelnews.in/stocknews/mou/mrf-rs-5300-crore-tyre-manufacturing-project-sivaganga-tamil-nadu/): MRF Limited has entered into a non binding Memorandum of Understanding with the Government of Tamil Nadu to facilitate the establishment of a new greenfield manufacturing facility for automotive tyres and allied products in the state. The agreement was signed through Guidance Tamil Nadu, the state’s nodal investment promotion agency. The proposed facility will be located at the SIPCOT Industrial Park in Sivaganga district, which is being developed as a major industrial hub. According to the company, the proposed project involves an estimated investment of about ₹5300 crore. The investment is expected to be implemented over a period of approximately 12 [&hellip;]
- [IndiGo Cancels Over 500 Flights to Middle East and International Routes Due to Airspace Restrictions](https://angelnews.in/worldnews/indigo-cancels-500-flights-middle-east-iran-airspace-restrictions/): InterGlobe Aviation Limited, the parent company of IndiGo, has announced the cancellation of more than 500 flights due to evolving airspace restrictions across Iran and parts of the Middle East. The disruption occurred between February 28, 2026 and March 3, 2026 and affected several routes connecting India with Middle Eastern and other international destinations. The airline disclosed the development through a regulatory filing, stating that the restrictions in regional airspace forced operational changes that led to widespread flight cancellations. IndiGo said it is closely monitoring the situation and evaluating the potential impact on revenue as the disruptions continue. According to the [&hellip;]
- [Dabur India to Invest ₹60 Crore in Luxury Skincare Brand RAS Beauty Through Dabur Ventures](https://angelnews.in/stocknews/investment-news/dabur-india-invests-60-crore-in-ras-beauty-luxury-skincare-d2c-brand/): Dabur India Limited has announced plans to acquire a minority stake in luxury skincare company RAS Beauty Private Limited as part of its strategic expansion into high growth direct to consumer brands. The investment, valued at approximately ₹60 crore, marks the first transaction under the company’s newly launched investment arm, Dabur Ventures. RAS Beauty, a Raipur based digital first skincare brand, was founded by Shubhika Jain along with Suramya Jain and Sangeeta Jain. The company focuses on “farm to face” luxury skincare products, including face elixirs, serums, and moisturisers developed using essential oils and nature derived active ingredients. The brand has [&hellip;]
- [Tech Mahindra and Orange Business Form Strategic Alliance to Deliver AI Automation and Digital Platform Solutions](https://angelnews.in/stocknews/tech-mahindra-orange-business-global-digital-transformation-partnership/): Orange Business and Tech Mahindra have announced exclusive negotiations to establish a global strategic partnership aimed at accelerating end-to-end digital transformation for enterprise customers worldwide. The proposed collaboration will focus on delivering advanced solutions powered by artificial intelligence, automation, cloud platforms, and secure digital infrastructure. The planned non-equity partnership is expected to run for five years and will combine Orange Business’ expertise in connectivity, cloud, cybersecurity, and enterprise platforms with Tech Mahindra’s integration capabilities and large-scale delivery model. The companies intend to develop a joint go-to-market strategy to expand regional collaboration, drive innovation, and address growing enterprise demand for scalable digital [&hellip;]
- [Ola Electric Introduces Insiders Program With ₹50,000 Upgrade Benefits for 1 Million Existing Customers](https://angelnews.in/stocknews/ola-electric-insiders-program-benefits-up-to-50000/): Ola Electric Mobility Limited has announced the launch of Ola Insiders, an exclusive community engagement program aimed at its existing customer base of more than one million riders across India. The initiative is designed to strengthen customer retention while encouraging upgrades, additional vehicle purchases, and referrals within the company’s electric mobility ecosystem. The newly introduced program provides structured ownership benefits focused on three key areas — vehicle upgrades, add-on purchases, and referral incentives. Under the upgrade program, customers using Gen 1 and Gen 2 Ola scooters can transition to the latest Gen 3 S1 scooter lineup or Roadster motorcycles with benefits [&hellip;]
- [Concord Control Systems Bags ₹53.73 Crore Indian Railways KAVACH 4.0 Order](https://angelnews.in/stocknews/order-wins/concord-control-53-73-crore-indian-railways-kavach-4-0-order/): Concord Control Systems Limited has secured a ₹53.73 crore order related to the deployment of KAVACH 4.0, India’s indigenous Automatic Train Protection system, through its associate company Progota India Private Limited. The contract has been awarded by Indian Railways and strengthens the company’s growing participation in railway safety modernization initiatives. The project includes the supply, installation, testing, and commissioning of onboard KAVACH 4.0 equipment designed to prevent train collisions, control excessive speed, and eliminate signal passing at danger incidents. The execution period for the order is scheduled to be completed within 12 months, supporting the broader national push toward safer rail [&hellip;]
- [DEE Development Engineers Wins ₹58 Crore Seamless Pipe Order From Power Sector Joint Venture](https://angelnews.in/stocknews/order-wins/dee-development-engineers-58-crore-seamless-pipe-order-anjar-plant/): DEE Development Engineers Limited has secured its first-ever contracts for the supply of alloy steel seamless pipes, marking a significant operational milestone for the company as it expands manufacturing capabilities in the high-value piping segment. The contracts, valued at approximately ₹58 crore, have been awarded by a domestic entity that is a joint venture between an Indian and a foreign conglomerate operating in the power sector. The customer’s identity has not been disclosed due to commercial confidentiality. The orders will be executed from the company’s newly commissioned forged seamless pipe manufacturing facility located in Anjar, Gujarat. The project represents the commercial [&hellip;]
- [Diamond Power Infrastructure Receives ₹93 Crore Power Cable Supply Order from KPI Green Energy](https://angelnews.in/stocknews/order-wins/diamond-power-infrastructure-kpi-green-energy-93-crore-order/): Diamond Power Infrastructure Limited has announced the receipt of a Letter of Intent (LoI) from KPI Green Energy Limited for the supply of power cables, marking a significant domestic order for the company. The contract, valued at ₹93.08 crore including applicable taxes, is expected to strengthen the company’s order book amid rising infrastructure activity linked to renewable energy projects in India. KPI Green Energy awarded the order in its capacity as an engineering, procurement and construction (EPC) contractor. The scope of work involves the supply of power cables under a kilometre-rate based structure that includes a price variation formula, aligning execution [&hellip;]
- [TVS Motor Re Enters South Africa Market Launches Apache RR 310, Raider 125 and NTORQ 125](https://angelnews.in/latestnews/tvs-motor-south-africa-expansion-seven-two-wheelers-launch/): TVS Motor Company has announced its strategic expansion into the South African market, marking a significant step in strengthening its international business operations. The company plans to introduce seven high-performance two-wheelers across multiple mobility segments as part of its renewed entry into the region. The expansion will be executed through a strategic partnership with The Nexus Collective, a specialized distributor backed by Bidvest Group Limited, one of South Africa’s largest automotive distribution networks. The collaboration is aimed at building a strong distribution ecosystem while accelerating market reach and customer access across the country. The company stated that the South African expansion [&hellip;]
- [LTIMindtree Partners NVIDIA to Modernize India National Tax Analytics Platform Under Insight 2.0 Seven Year Digital Governance Program](https://angelnews.in/stocknews/ltimindtree-nvidia-india-tax-analytics-platform-insight-2/): LTIMindtree Limited announced a strategic collaboration with NVIDIA to support the modernization of India’s national tax analytics platform for the Central Board of Direct Taxes (CBDT). The initiative forms part of the government’s Insight 2.0 program, a long-term effort focused on strengthening tax administration through artificial intelligence and advanced analytics capabilities. Under the program, LTIMindtree will deploy a secure cloud-based environment powered by NVIDIA AI infrastructure. The upgraded system is designed to simplify complex data workloads while enabling real-time analytics and faster decision-making across tax administration processes. The company’s BlueVerse platform will serve as the intelligence backbone of the project, integrating [&hellip;]
- [Balu Forge Signs 5-Year MoU to Supply Large Calibre Ammunition Shells to NATO-Affiliated Entity](https://angelnews.in/stocknews/balu-forge-ammunition-supply-mou-nato-entity/): Balu Forge Industries Limited has announced the execution of a five-year Memorandum of Understanding (MoU) for the supply of large calibre ammunition empty shells from its greenfield manufacturing facility in Belgaum, Karnataka. The agreement marks a significant step in the company’s expansion into the defence consumables segment and strengthens its position in the global defence supply chain. The company stated that the MoU follows its onboarding into the NATO supply ecosystem and commercialization of its empty shell manufacturing line. Supplies under the agreement are scheduled to commence from April 2026 and will be ramped up in phases. Under the terms of [&hellip;]
- [Infinity Infoway Secures ₹10.97 Crore Government Contract for AI Data Analytics Project in Gujarat](https://angelnews.in/stocknews/order-wins/infinity-infoway-gujarat-government-ai-data-analytics-contract/): Infinity Infoway Limited has announced that it has received a government contract worth approximately ₹10.97 crore from the Knowledge Consortium of Gujarat, functioning under the Education Department of the Government of Gujarat. The company disclosed the development through a regulatory filing, highlighting a significant addition to its order book. The contract focuses on the implementation of artificial intelligence–based data analytics and business intelligence solutions aimed at strengthening data-driven operations within the state’s education ecosystem. The agreement was executed on February 25, 2026, and will remain valid for a period of five years. Under the scope of work, Infinity Infoway will undertake [&hellip;]
- [Websol Energy Wins 85.5 MW Solar Module Orders Worth ₹172 Crore](https://angelnews.in/stocknews/order-wins/websol-energy-85-5mw-solar-module-orders-172-crore/): Websol Energy System Limited announced that it has secured multiple purchase orders totaling 85.5 MW of solar modules, with a combined order value of approximately ₹172 crore, strengthening its order pipeline in the domestic renewable energy market. The orders have been received from Bekem Infra Projects, Sri Avantika Contractors, and Kosol Energie. Production for these contracts is currently underway, and deliveries are expected to be completed by May 2026. The company stated that the new orders reflect continued demand for domestically manufactured solar modules as India accelerates renewable energy deployment and localization initiatives. Websol Energy also clarified that recently imposed United [&hellip;]
- [Tejas Networks Wins Contract to Supply 5G Massive MIMO Radios in Partnership With NEC](https://angelnews.in/stocknews/tejas-networks-nec-5g-massive-mimo-radio-contract/): Tejas Networks Ltd. has secured a new international contract to manufacture and supply 5G massive MIMO radios under an agreement signed with Japan-based NEC Corporation, strengthening its position in the global telecom equipment market. Partnership Aims to Strengthen Global 5G Supply Chain Under the agreement, Tejas Networks will manufacture advanced 5G massive MIMO radio solutions as part of NEC’s global network deployment strategy. The collaboration is expected to support supply-chain diversification and enhance resilience for telecom operators worldwide. NEC stated that the partnership represents a milestone in expanding cooperation between the two companies while building a flexible and globally distributed ecosystem [&hellip;]
- [Vikram Solar Wins 378.75 MW Solar Module Order from Indian Oil NTPC Green Energy in Gujarat](https://angelnews.in/stocknews/order-wins/vikram-solar-378-75mw-order-indian-oil-ntpc-green-energy-gujarat/): Vikram Solar Limited has secured a major order to supply 378.75 MW of high-efficiency solar photovoltaic modules for a large renewable energy project being developed by Indian Oil NTPC Green Energy Private Limited (INGEL). The order marks the company’s first project partnership with the joint venture between Indian Oil Corporation Limited and NTPC Green Energy Limited. The solar modules will be deployed near Nakhatrana in Gujarat’s Kutch district, forming part of a larger 600 MW solar power project aimed at strengthening India’s renewable energy capacity. The development further reinforces Gujarat’s position as a key hub for large-scale solar installations supported by [&hellip;]
- [Olectra Greentech Bags ₹1,800 Crore Order for 1,085 Electric Buses from TGSRTC](https://angelnews.in/stocknews/order-wins/olectra-greentech-1085-electric-bus-order-tgsrtc/): Olectra Greentech Limited has secured a major electric mobility order linked to Telangana’s public transport modernization program, following the award of two Letters of Award to Evey Trans Private Limited by the Telangana State Road Transport Corporation (TGSRTC). Under the agreement, Evey Trans will undertake the supply, operation and maintenance of 1,085 electric buses for intra city operations across Telangana. The fleet will consist of 1,025 twelve meter non AC buses and 60 twelve meter AC buses, aimed at strengthening sustainable urban transportation. As part of the arrangement, Evey Trans will procure the buses from Olectra Greentech, positioning the company as [&hellip;]
- [LTIMindtree Wins $100 Million Multi-Year Deal with European MedTech Company to Develop Hearing Solutions](https://angelnews.in/stocknews/order-wins/ltimindtree-100-million-european-medtech-deal-hearing-solutions/): LTIMindtree has announced the signing of a multi-year strategic agreement valued at $100 million with a Europe-based medical technology company specializing in advanced hearing solutions. The partnership is aimed at strengthening product innovation, digital capabilities, and long-term technology support across the client’s flagship hearing device portfolio. Under the seven-year engagement, LTIMindtree will provide end-to-end product development and lifecycle support for the MedTech company’s primary hearing instrument brands as well as its private-label offerings. The scope includes development and maintenance of wearable hearing devices, software platforms used by hearing care professionals for device configuration, and mobile applications that enable users to manage [&hellip;]
- [RPP Infra Projects Wins Rs 205.89 Crore Global Sports City Project in Chennai](https://angelnews.in/stocknews/order-wins/rpp-infra-projects-global-sports-city-chennai-order/): RPP Infra Projects Limited has received a major infrastructure work order worth Rs 205.89 crore from the Sports Development Authority of Tamil Nadu for the establishment of a Global Sports City in Chennai. The company announced the development through a regulatory disclosure. The project will be executed under an Engineering, Procurement and Construction (EPC) model and includes responsibilities covering design, engineering, procurement, and construction activities. The order value includes Goods and Services Tax at 18 percent. Under the agreement, RPP Infra Projects has been appointed as the contractor for the large-scale sports infrastructure development following acceptance of its tender. The project [&hellip;]
- [E2E Networks Signs MoU with L&T-Vyoma to Expand GPU Cloud Infrastructure in India](https://angelnews.in/ai-news/e2e-networks-lt-vyoma-gpu-cloud-infrastructure-india/): E2E Networks Limited has announced the signing of a Memorandum of Understanding (MoU) with Larsen &amp; Toubro-Vyoma, the data center and cloud services business of Larsen &amp; Toubro Limited, to collaborate on expanding GPU-based cloud infrastructure in India. The partnership aims to accelerate the deployment of high-performance computing capacity aligned with the country’s growing artificial intelligence (AI) ecosystem. Under the proposed collaboration, GPU infrastructure developed or deployed by Larsen &amp; Toubro-Vyoma is expected to be integrated into E2E Networks’ AI-native cloud platform. The initiative is designed to enable large-scale commercialization of GPU computing resources while supporting enterprise and AI workloads requiring [&hellip;]
- [Heritage Foods Files ₹100 Crore Defamation Suit Against Sakshi Media; Delhi High Court Orders 24-Hour Content Takedown](https://angelnews.in/stocknews/heritage-foods-defamation-case-delhi-high-court-order/): Heritage Foods Limited has initiated a civil defamation lawsuit before the Delhi High Court against Sakshi Media House and several associated parties, alleging publication and circulation of false and defamatory content that harmed the company’s reputation and business credibility. The company informed stock exchanges that the legal action was filed under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements. The dispute relates to media reports and social media content allegedly linking Heritage Foods to entities connected with an ongoing controversy involving adulterated ghee supplies, claims the company has strongly denied. Delhi High Court Grants Interim Relief The Delhi High Court, [&hellip;]
- [Embraer-Mahindra Partnership Targets India as Regional MRO Hub for C-390 Military Transport Aircraft](https://angelnews.in/indianews/embraer-mahindra-c390-millennium-mro-india/): Embraer and the Mahindra Group have announced plans to expand their strategic collaboration by working toward establishing a Maintenance, Repair and Overhaul (MRO) capability in India for the C-390 Millennium military transport aircraft. The initiative is aligned with the Indian Air Force’s Medium Transport Aircraft (MTA) program and aims to strengthen indigenous aerospace manufacturing and long-term operational support capabilities. The development builds on the partnership signed between the two companies in October 2025 to explore production of the C-390 Millennium in India. The proposed localization strategy focuses on building a domestic ecosystem covering manufacturing, sustainment, and lifecycle support, reinforcing the government’s [&hellip;]
- [Angel One Fixes February 26, 2026 as Record Date for 1:10 Share Split](https://angelnews.in/stocknews/angel-one-fixes-february-26-2026-as-record-date-for-110-share-split/): Angel One Limited has announced a subdivision of its equity shares and fixed February 26, 2026 as the record date to determine eligible shareholders for the corporate action. Under the approved restructuring, one existing fully paid equity share with a face value of Rs.10 will be split into ten equity shares having a face value of Re.1 each. The move represents a 1:10 stock split, a corporate action generally undertaken to enhance liquidity and improve affordability for investors. Following the split, the company’s issued, subscribed and paid-up equity share capital will remain unchanged at approximately Rs.908.55 crore. While the overall capital [&hellip;]
- [Tata Group, TCS and OpenAI Announce Strategic AI Partnership to Build 100MW AI Infrastructure in India](https://angelnews.in/stocknews/tata-group-tcs-openai-announce-ai-partnership-100mw-ai-infrastructure/): Tata Group and Tata Consultancy Services (TCS) have entered into a strategic partnership with OpenAI to accelerate artificial intelligence adoption across enterprises, consumers, and social sectors. The collaboration is designed to drive large-scale AI innovation, develop infrastructure, and expand industry-specific AI solutions both in India and globally. Under the agreement, several thousand Tata Group employees will receive access to Enterprise ChatGPT to enhance productivity, innovation, and operational efficiency. TCS will also leverage OpenAI’s Codex capabilities to improve software engineering workflows and accelerate development outcomes. The collaboration will focus on building industry-specific agentic AI solutions by combining OpenAI’s advanced AI platforms with [&hellip;]
- [L&T Teams Up with NVIDIA to Build India’s Largest Gigawatt-Scale AI Factory](https://angelnews.in/indianews/lt-teams-up-with-nvidia-to-build-indias-largest-gigawatt-scale-ai-factory/): Larsen &amp; Toubro (L&amp;T) has announced a strategic collaboration with NVIDIA to develop what is proposed to be India’s largest gigawatt-scale artificial intelligence (AI) factory, aimed at strengthening the country’s position as a global hub for AI infrastructure and advanced computing. The announcement was made at the India AI Summit as part of initiatives aligned with the Government of India’s IndiaAI Mission. The proposed venture will combine L&amp;T’s engineering, procurement, and construction expertise with NVIDIA’s accelerated computing technologies, including GPUs, CPUs, networking solutions, and enterprise AI software platforms. The project is designed to enable enterprises and global technology players to deploy [&hellip;]
- [Aurionpro Solutions Wins Strategic Data Center Infrastructure Expansion Deal from IDBI Bank](https://angelnews.in/stocknews/aurionpro-idbi-bank-data-center-deal/): Aurionpro Solutions Limited (BSE: 532668 | NSE: AURIONPRO) has secured a strategic data center infrastructure expansion contract from IDBI Bank Limited, marking a significant milestone as the company enters one of India’s premier commercial banks as a new strategic client. The engagement reinforces Aurionpro’s growing footprint in mission-critical digital infrastructure and enterprise data center modernization. The project involves a comprehensive upgrade of IDBI Bank’s existing data center infrastructure, covering electrical systems, advanced cooling solutions, physical security frameworks, and allied mechanical, electrical and plumbing (MEP) components. The upgrade will be executed within a live operational environment, making it one of the bank’s [&hellip;]
- [Blue Cloud Softech Secures National ISP Licence LoI to Expand AI Data Centres and Sovereign Cloud Infrastructure Across India](https://angelnews.in/stocknews/blue-cloud-softech-national-isp-licence-ai-data-centres-india/): Blue Cloud Softech Solutions Limited has received a significant regulatory development after securing a Letter of Intent (LoI) from the Department of Telecommunications, Government of India, for a Unified License (Virtual Network Operator) – ISP Category “A” authorization for national area services. The milestone supports the company’s long-term strategy to build a nationwide digital infrastructure platform powered by AI-driven data centres, sovereign cloud technologies, and secure connectivity solutions. Upon completion of regulatory formalities, the authorization will allow the company to provide internet services across India. The move is expected to strengthen Blue Cloud Softech’s integrated ecosystem that combines enterprise connectivity, AI-native [&hellip;]
- [Netweb Technologies Unveils Tyrone Camarero Spark, One of the World’s Smallest AI Supercomputer with 1 Petaflop Performance](https://angelnews.in/ai-news/netweb-technologies-make-in-india-ai-supercomputer-nvidia/): Netweb Technologies India Limited has announced the launch of a new generation of ‘Make in India’ artificial intelligence supercomputing systems powered by NVIDIA’s sovereign AI development platforms, marking a major advancement in India’s high-performance computing ecosystem. The company introduced the Tyrone Camarero GB200 AI Supercomputer along with the compact Tyrone Camarero Spark personal AI compute system, aimed at accelerating AI research, development, and enterprise adoption across India. The newly launched Tyrone Camarero Spark is positioned as one of the world’s smallest AI supercomputers, delivering petascale AI performance in a desktop-sized form factor. Built on the NVIDIA DGX Spark platform and powered [&hellip;]
- [గ్రీన్ ఎనర్జీ ఆధారిత AI డేటా సెంటర్ల కోసం భారత్‌లో USD 100 బిలియన్ పెట్టుబడి ప్రకటించిన అదానీ ఎంటర్‌ప్రైజెస్](https://angelnews.in/telugu-news/adani-enterprises-usd-100-billion-ai-infrastructure-investment-india-telugu/): అదానీ ఎంటర్‌ప్రైజెస్ లిమిటెడ్ భారత్‌లో కృత్రిమ మేధస్సు (AI) మౌలిక వసతులను అభివృద్ధి చేయడానికి USD 100 బిలియన్ విలువైన దీర్ఘకాలిక పెట్టుబడి ప్రణాళికను ప్రకటించింది. 2035 నాటికి గ్రీన్ ఎనర్జీ ఆధారిత హైపర్‌స్కేల్ AI-రెడీ డేటా సెంటర్లను నిర్మించడం ద్వారా దేశానికి స్వతంత్ర ఎనర్జీ మరియు కంప్యూట్ ఎకోసిస్టమ్‌ను రూపొందించడం ఈ ప్రాజెక్ట్ ప్రధాన లక్ష్యంగా ఉంది. ఈ పెట్టుబడి ప్రపంచంలోనే అతిపెద్ద ఎనర్జీ-కంప్యూట్ సమగ్ర ప్రాజెక్ట్‌లలో ఒకటిగా భావించబడుతోంది. ఈ కార్యక్రమం ద్వారా సర్వర్ తయారీ, ఎలక్ట్రికల్ ఇన్‌ఫ్రాస్ట్రక్చర్, సావరిన్ క్లౌడ్ ప్లాట్‌ఫామ్‌లు మరియు అనుబంధ రంగాల్లో అదనంగా USD 150 బిలియన్ పెట్టుబడులు వచ్చే అవకాశం ఉందని కంపెనీ తెలిపింది. మొత్తం మీద వచ్చే దశాబ్దంలో భారత్‌లో USD 250 బిలియన్ విలువైన AI ఇన్‌ఫ్రాస్ట్రక్చర్ ఎకోసిస్టమ్ ఏర్పడే అవకాశం ఉంది. ఈ విస్తరణ ఇప్పటికే ఉన్న AdaniConneX 2 GW జాతీయ డేటా సెంటర్ ప్లాట్‌ఫామ్‌పై ఆధారపడి [&hellip;]
- [Transport Corporation of India Partners with FLYING WHALES to Introduce 60-Ton LCA60T Cargo Airship for Advanced Logistics in India](https://angelnews.in/latestnews/tci-flying-whales-strategic-collaboration-india-logistics-lca60t-airship/): Transport Corporation of India Limited (TCI), an integrated logistics and supply chain solutions provider, has announced a strategic collaboration with aerospace logistics company FLYING WHALES to enhance advanced logistics capabilities across India. The partnership aims to introduce next-generation heavy-lift air cargo solutions designed to improve transportation efficiency and connectivity, particularly in remote and infrastructure-constrained regions. The collaboration combines TCI’s extensive multimodal logistics network with FLYING WHALES’ LCA60T aeronautical program, a rigid cargo airship engineered to transport heavy and oversized cargo. The LCA60T airship offers a payload capacity of up to 60 tons and can load and unload cargo while hovering, eliminating [&hellip;]
- [Z-Tech (India) Wins ₹19.01 Crore Krishna-Lok Waste to Wonder Park Project in Mathura-Vrindavan](https://angelnews.in/sme-stock-news/z-tech-india-krishna-lok-waste-to-wonder-park-mathura/): Z-Tech (India) Limited has secured a significant order from Nagar Nigam Mathura-Vrindavan, Uttar Pradesh, for the design, engineering, and development of a large-scale Waste to Wonder Park named Krishna-Lok Park. The project marks the company’s largest undertaking in this category in terms of both value and size, strengthening its presence in sustainable infrastructure and thematic development projects. The project carries an estimated capital expenditure of ₹19.01 crore, excluding GST, and will be implemented under a revenue-sharing model spanning 20 years. The development will be spread across approximately 34 acres of land, making it one of the largest waste-to-wonder thematic parks in [&hellip;]
- [BLS E-Services Approves ₹154 Crore Acquisition of Atyati Technologies to Expand Financial Inclusion Business](https://angelnews.in/stocknews/acquisition/bls-e-services-approves-154-crore-acquisition-of-atyati-technologies/): BLS E-Services Limited has approved a strategic move to acquire Atyati Technologies Private Limited, alongside proposing changes in the utilisation of its IPO proceeds, following decisions taken during the company’s Board of Directors meeting held on February 16, 2026. The acquisition is aimed at strengthening the company’s presence in financial inclusion and business correspondent services across India. The board approved entering into a binding agreement to acquire 100% equity shares of Atyati Technologies from its existing shareholders. Upon completion of the transaction, Atyati Technologies will become a wholly owned subsidiary of BLS E-Services. The acquisition remains subject to approvals from lenders, [&hellip;]
- [భారతదేశంలో హీలియోస్ AI ఇన్‌ఫ్రాస్ట్రక్చర్ కోసం టీసీఎస్–ఏఎండీ భాగస్వామ్యం, 200MW డేటా సెంటర్ అభివృద్ధికి ప్రణాళిక](https://angelnews.in/telugu-news/tcs-amd-helios-ai-architecture-india-telugu-news/): టాటా కన్సల్టెన్సీ సర్వీసెస్ (TCS) మరియు సెమీకండక్టర్ దిగ్గజం AMD తమ వ్యూహాత్మక భాగస్వామ్యాన్ని విస్తరించి, భారతదేశంలో ఆధునిక “హీలియోస్” ర్యాక్-స్కేల్ ఆర్టిఫిషియల్ ఇంటెలిజెన్స్ (AI) ఇన్‌ఫ్రాస్ట్రక్చర్ ఆర్కిటెక్చర్‌ను ప్రవేశపెట్టనున్నట్లు ప్రకటించాయి. ఈ భాగస్వామ్యంలో భాగంగా, టీసీఎస్ తన అనుబంధ సంస్థ HyperVault AI Data Center Limited ద్వారా AMD హీలియోస్ ప్లాట్‌ఫామ్ ఆధారంగా AI ఇన్‌ఫ్రాస్ట్రక్చర్ డిజైన్లను సంయుక్తంగా అభివృద్ధి చేయనుంది. ఈ ఆర్కిటెక్చర్ సావరిన్ AI ఫ్యాక్టరీలు మరియు తదుపరి తరం ఎంటర్‌ప్రైజ్ AI వర్క్‌లోడ్స్‌కు మద్దతు అందించేందుకు రూపొందించబడింది. హీలియోస్ ప్లాట్‌ఫామ్ AMD Instinct MI455X GPUలు, తదుపరి తరం AMD EPYC “Venice” ప్రాసెసర్లు, Pensando Vulcano నెట్‌వర్కింగ్ టెక్నాలజీ మరియు ఓపెన్ ROCm సాఫ్ట్‌వేర్ ఎకోసిస్టమ్‌తో పనిచేస్తుంది. పెద్ద స్థాయి AI అమలులకు అవసరమైన అధిక పనితీరు, సామర్థ్యం మరియు స్కేలబిలిటీని అందించేందుకు ఇది రూపొందించబడింది. ఈ ఒప్పందం కింద, రెండు సంస్థలు కలిసి [&hellip;]
- [Desco Infratech Limited Secures ₹40.43 Crore Solar and Power Infrastructure Orders](https://angelnews.in/sme-stock-news/desco-infratech-secures-40-43-crore-solar-power-infrastructure-orders/): Desco Infratech Limited has secured purchase orders worth ₹40.43 crore across solar and power infrastructure segments, strengthening its expansion into India’s evolving energy ecosystem. The orders were awarded by Sun Drops Energia Limited and KP Energy Limited, marking a strategic step in the company’s diversification beyond its traditional infrastructure operations. The order received from Sun Drops Energia Limited involves execution of solar infrastructure works, while the contract from KP Energy Limited covers cable laying activities along with associated digging works in Gujarat. These projects are expected to enhance the company’s participation in renewable energy and power infrastructure development, supporting ongoing infrastructure [&hellip;]
- [R M Drip and Sprinklers Systems Announces Strategic Move into IoT-Based Smart Irrigation, Eyes Technology-Led Growth](https://angelnews.in/stocknews/rm-drip-smart-irrigation-automation-entry-march-2026/): R M Drip and Sprinklers Systems Limited has announced its strategic entry into the smart irrigation automation segment through a technology partnership focused on IoT-based agricultural solutions. The development marks the company’s expansion beyond traditional micro-irrigation hardware into integrated digital agriculture platforms aimed at enabling precision farming and recurring revenue opportunities. The Nashik-based micro-irrigation manufacturer stated that the initiative, scheduled to commence from March 2026, represents a significant milestone in its transition toward technology-driven growth. The move is expected to strengthen the company’s long-term scalability while enhancing operational efficiency and customer value through automation, analytics, and mobile-enabled farm management solutions. Expansion [&hellip;]
- [ixigo to Acquire 60% Stake in Spain’s OTA Trenes for ₹126 Crore, Eyes European Rail Travel Market](https://angelnews.in/stocknews/acquisition/ixigo-trenes-acquisition-spain-rail-expansion/): Le Travenues Technology Limited, the parent company of ixigo, has shared additional investor details regarding its planned acquisition of Spain-based Online Travel Solutions S.L., operating under the brand “Trenes.” The transaction marks ixigo’s strategic expansion into the European rail travel market as part of its long-term international growth strategy. The acquisition was approved by the company’s board on February 13, 2026, and will be executed through ixigo’s wholly owned subsidiary, IXIGO PTE. LTD. The move is aimed at leveraging ixigo’s technology and artificial intelligence capabilities to strengthen its presence in mature global rail ecosystems while maintaining focus on the Indian market. [&hellip;]
- [Blue Cloud Softech Solutions Q3 FY26 Results: PAT Jumps 98% YoY to ₹18.58 Crore, Revenue at ₹265.41 Crore](https://angelnews.in/stocknews/results/blue-cloud-softech-solutions-q3-fy26-results-pat-revenue-ebitda-growth/): Blue Cloud Softech Solutions Limited reported a strong financial performance for Q3 FY26, supported by growth in revenue and profitability compared with both the previous quarter and the corresponding period last year. The company’s results reflected improved operational execution alongside continued expansion in AI-driven enterprise and cybersecurity solutions, with profitability improving sequentially during the quarter. Blue Cloud Softech Solutions Q3 FY26 Revenue Performance Current quarter revenue from operations stood at ₹265.41 crore in Q3 FY26. Revenue in Q2 FY26 was ₹252.92 crore, reflecting a QoQ increase of 4.93%. Revenue in Q3 FY25 was ₹146.72 crore, translating into a YoY growth of [&hellip;]
- [Intellect Design Arena Prices Purple Fabric Enterprise AI at ₹99,500 Monthly, Targets Banks, NBFCs and Government Bodies](https://angelnews.in/stocknews/intellect-design-arena-purple-fabric-enterprise-ai-99500-month-50-users/): Intellect Design Arena Limited (NSE: INTELLECT, BSE: 538835) has announced the commercial availability of its Purple Fabric platform as “Enterprise AI on Tap” at a subscription price of ₹99,500 per month. The offering allows enterprises to onboard up to 50 users and deploy governed, reliability-focused artificial intelligence without significant upfront infrastructure investment. The Chennai-headquartered fintech company stated that Purple Fabric is positioned as India’s judgment-centric, full-stack Open Business Impact AI platform. The solution has been engineered to function as institutional AI infrastructure, shifting enterprise adoption from experimental AI usage to structured, governance-ready deployment. Subscription-Based Enterprise AI Model Under the new pricing [&hellip;]
- [RBI Approves ICICI Prudential AMC to Acquire Up to 9.95% Stake in The Karur Vysya Bank](https://angelnews.in/latestnews/rbi-approves-icici-prudential-amc-9-95-percent-stake-karur-vysya-bank/): The Reserve Bank of India has granted approval to ICICI Prudential Asset Management Company Ltd to acquire an aggregate holding of up to 9.95% of the paid-up share capital or voting rights of The Karur Vysya Bank Ltd, according to a regulatory filing submitted to the stock exchanges. In its communication dated February 10, 2026, the RBI permitted ICICI Prudential Asset Management Company Ltd, along with group entities of ICICI Bank Limited, to increase its stake in The Karur Vysya Bank Ltd, subject to specified regulatory conditions. The approval has been issued pursuant to an application made by ICICI Prudential Asset [&hellip;]
- [Zensar Technologies Wins $210M AI-Led Automation Deal in Financial Sector](https://angelnews.in/stocknews/order-wins/zensar-technologies-wins-210m-ai-led-automation-deal-in-financial-sector/): Zensar Technologies Limited has secured a large 5.5-year framework agreement with an expected revenue of $210 million from a major player in the financial services industry, according to a regulatory filing dated February 12, 2026. The company informed the stock exchanges that the order was received in the normal course of business. The framework deal is structured over a period of five and a half years and involves the delivery of technical and professional services to a large financial enterprise. The engagement is expected to generate revenues of $210 million over the contract tenure, marking a significant addition to the company’s [&hellip;]
- [Zaggle Q3 FY26 Results: Revenue Rises 47.9% YoY to ₹497.6 Crore And PAT Jumps 77.7% YoY to ₹36 Crore](https://angelnews.in/stocknews/results/zaggle-q3-fy26-results-revenue-up-47-9-percent-pat-up-77-7-percent/): Zaggle Prepaid Ocean Services Limited, a SaaS-based fintech platform specialising in spend management and corporate payments, reported record financial results for the quarter ended December 31, 2025 (Q3 FY26). The company delivered strong sequential and annual growth, supported by enterprise adoption, increased transaction volumes, and operating leverage across its platform. Zaggle q3 2026 Revenue Zaggle reported revenue from operations of ₹497.6 crore in Q3 FY26, compared with ₹430.9 crore in Q2 FY26, reflecting a QoQ increase of 15.5 percent. On a year-on-year basis, revenue rose from ₹336.4 crore in Q3 FY25, registering a 47.9 percent YoY growth, driven by higher program [&hellip;]
- [Ceigall India Limited Subsidiary Wins 78.942 Km NH-139W Four-Laning Contract Worth ₹2,160 Crore](https://angelnews.in/stocknews/order-wins/ceigall-infra-2160-crore-nhai-ham-project-bihar-nh139w/): Ceigall India Limited has announced that its wholly owned subsidiary, Ceigall Infra Projects Private Limited, has received a Letter of Award (LOA) from National Highways Authority of India for a major highway project in Bihar under the Hybrid Annuity Model (HAM). The project involves the four-laning of the Sahebganj–Areraj–Bettiah section of NH-139W, spanning a total length of 78.942 kilometres. The corridor is divided into two sections: Sahebganj to Areraj (38.362 km) and Areraj to Bettiah (40.580 km). The total bid project cost stands at approximately ₹2,160 crore. The construction period has been set at 730 days, followed by a 15-year operation [&hellip;]
- [RBI Grants Approval to ICICI Prudential AMC and ICICI Bank Group to Acquire 9.95% in RBL Bank](https://angelnews.in/stocknews/rbl-bank-rbi-9-95-stake-approval/): The Reserve Bank of India (RBI) has granted approval to ICICI Prudential Asset Management Company Limited (I-Pru AMC), along with group entities of ICICI Bank Limited, to acquire an aggregate holding of up to 9.95% of the paid-up share capital or voting rights in RBL Bank Limited. The approval was conveyed through a letter dated February 10, 2026, and subsequently disclosed by the bank under Regulation 30 read with Schedule III of the SEBI Listing Regulations. Acquisition Timeline and Conditions The RBI has permitted I-Pru AMC to complete the proposed acquisition within one year from the date of the approval letter. [&hellip;]
- [GRSE Signs MoU With Hindustan Shipyard to Form Consortium for SCI Tender](https://angelnews.in/stocknews/mou/grse-hindustan-shipyard-mou-sci-tender/): Garden Reach Shipbuilders &amp; Engineers Limited (GRSE) has signed a Memorandum of Understanding (MoU) with Hindustan Shipyard Limited (HSL) to form a consortium for participating in a tender issued by the Shipping Corporation of India. The MoU was executed on February 9, 2026, and enables both public sector shipyards to jointly submit a bid in accordance with the tender terms and conditions. The collaboration is aimed at undertaking a large-scale and strategically significant national shipbuilding programme. According to the company, the proposed partnership will focus on the construction of advanced maritime platforms. The initiative is expected to strengthen India’s maritime infrastructure [&hellip;]
- [MosChip Technologies Partners with Kerala Blasters FC as Official Technology Partner for the 2025–26 Season](https://angelnews.in/latestnews/moschip-kerala-blasters-fc-official-technology-partner-2025-26/): MosChip Technologies Limited has entered into a strategic partnership with Kerala Blasters FC, becoming the football club’s Official Technology Partner for the 2025–26 season. The collaboration highlights Kerala Blasters FC’s increasing focus on integrating advanced technology to enhance athlete performance, health monitoring, and overall wellbeing. Under the partnership, MosChip will support the club’s technology-led initiatives and contribute to strengthening its digital and innovation-driven ecosystem. The association is aimed at embedding data-backed insights into the club’s performance management and decision-making processes. A key element of the collaboration involves the co-development of an athlete performance application that converts wearable data into context-aware and [&hellip;]
- [Brahmaputra Infrastructure Receives LoA for ₹46.63 Crore Rail Infrastructure Project in Assam](https://angelnews.in/stocknews/order-wins/brahmaputra-infrastructure-bags-46-63-crore-assam-rail-project/): Brahmaputra Infrastructure Limited has secured a rail infrastructure project valued at ₹46.63 crore in Assam after receiving a Letter of Acceptance from a government authority. The project has been awarded by Northeast Frontier Railway and involves the construction of a Road Over Bridge in lieu of an existing manned level crossing. The infrastructure will be developed at Level Crossing No. NC-5, located between Rangapani and New Jalpaiguri stations on the New Jalpaiguri–Aluabari rail section. The proposed Road Over Bridge is expected to enhance road and rail connectivity while improving commuter safety by eliminating the level crossing. The project is also aimed [&hellip;]
- [Blue Cloud Softech to Invest $1 Billion in AI Data Centers With 800 MW Capacity Target](https://angelnews.in/stocknews/investment-news/blue-cloud-softech-1-billion-ai-data-center-investment-india/): Blue Cloud Softech Solutions Limited has announced a strategic plan to invest up to $1 billion in the development of next-generation AI-powered data centers and digital cloud infrastructure across India. The proposed investment will be executed in phases and aims to build up to 800 megawatts of data center capacity, positioning the company among the country’s largest AI-native digital infrastructure providers. The initiative aligns with India’s growing requirements in artificial intelligence, cybersecurity, sovereign cloud services, and mission-critical digital platforms. According to the company, the planned infrastructure will move beyond traditional colocation facilities by integrating AI-orchestrated operations, high-density GPU and high-performance computing [&hellip;]
- [AXISCADES Arm Mistral Solutions Bags ₹80 Crore Order from HAL for LCA Mk1A Programme](https://angelnews.in/stocknews/order-wins/axiscades-avionics-order-lca-mk1a/): AXISCADES Technologies Limited has secured a large production order valued at approximately ₹80 crore for supplying avionics hardware under the Light Combat Aircraft (LCA) Mk1A programme. The order has been awarded to its subsidiary, Mistral Solutions, as part of India’s ongoing efforts to scale up defence indigenisation. The contract has been placed under the LCA Mk1A programme led by Hindustan Aeronautics Limited and marks a significant addition to AXISCADES’ defence electronics order book. The programme is a key component of India’s indigenous fighter aircraft roadmap. Under the order, Mistral Solutions will supply electronic hardware for critical avionics subsystems, including mission computers [&hellip;]
- [Garden Reach Shipbuilders Secures ₹33 Crore MEA Contract for Second Refit of Seychelles Coast Guard Ship PS Zoroaster](https://angelnews.in/stocknews/order-wins/grse-mea-ps-zoroaster-second-refit-contract/): Garden Reach Shipbuilders &amp; Engineers Limited (GRSE) has signed a contract worth approximately ₹33 crore, excluding GST, with the Ministry of External Affairs (MEA), Government of India, for the second refit of the Seychelles Coast Guard Ship PS Zoroaster. The contract has been disclosed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements. It has been awarded by a domestic government entity and involves a comprehensive refit of the vessel, with execution scheduled to be completed within three months from the date of signing. According to the company, the refit work is expected to commence in early March 2026. [&hellip;]
- [Quint Digital Acquires 14.45% Stake in US Media Firm Lee Enterprises for $7.97 Million](https://angelnews.in/stocknews/acquisition/quint-digital-acquires-stake-lee-enterprises-us-media/): Quint Digital Limited has completed the acquisition of a strategic equity stake in Lee Enterprises Incorporated, a United States–based media and publishing company listed on Nasdaq, according to a regulatory disclosure. The transaction involved the purchase of 2,451,346 common shares of Lee Enterprises through a private placement route. Following the completion of the acquisition, Quint Digital now holds a 14.451% equity stake in the American media company. The shares were acquired at an approximate price of $3.25 per share, taking the total transaction value to about $7.97 million. The consideration for the acquisition was paid entirely in cash. Lee Enterprises operates [&hellip;]
- [PVR INOX Q3 FY26 Results: Revenue Up 9.7% YoY to ₹1,907.7 Crore And PAT at ₹114.9 Crore](https://angelnews.in/stocknews/results/pvr-inox-q3-fy26-results-revenue-pat-yoy-growth/): PVR INOX Limited announced its unaudited standalone and consolidated financial results for the quarter and nine-month period ended December 31, 2025, reporting steady revenue growth, improved profitability and a significant reduction in debt levels. For the third quarter of FY26, the company recorded revenue of ₹1,907.7 crore, excluding the impact of Ind AS 116. EBITDA for the quarter stood at ₹343.5 crore, while profit after tax rose to ₹114.9 crore, reflecting improved operating performance and disciplined cost control. Cinema admissions during the quarter increased 8.6% year-on-year to 4.05 crore patrons, supported by a stronger content slate. The average ticket price increased [&hellip;]
- [Concord Control Systems Wins ₹185.09 Crore KAVACH 4.0 Order from Indian Railways](https://angelnews.in/stocknews/order-wins/concord-control-systems-kavach-4-order-indian-railways/): Concord Control Systems Limited has secured a significant order worth ₹185.09 crore for the implementation of KAVACH 4.0, India’s indigenous Automatic Train Protection system, from Indian Railways. The order has been awarded through Progota India Private Limited, an associate company of Concord Control Systems. The scope of the project includes the supply, installation, testing, and commissioning of KAVACH 4.0 and is scheduled to be executed within a period of up to 12 months. The order further strengthens Concord Control Systems’ presence in India’s railway safety and modernization ecosystem. KAVACH 4.0 is designed to enhance operational efficiency and passenger safety by preventing [&hellip;]
- [PVR INOX Launches Premium 8 Screen Multiplex at Odeon Mall Hyderabad Strengthening South India Presence](https://angelnews.in/stocknews/pvr-inox-opens-8-screen-cinema-odeon-mall-hyderabad/): PVR INOX Limited has expanded its footprint in South India with the opening of a new eight-screen cinema at Odeon Mall on RTC X Road, Chikkadpally, Hyderabad. The launch strengthens the company’s presence in one of the city’s most established cinema districts and marks its 19th operational property in Hyderabad. The newly opened multiplex houses eight mainstream auditoriums with a combined seating capacity of 1,402 seats. With this addition, PVR INOX’s total screen count in Hyderabad has increased to 119, reinforcing the city’s role as a key market for the company’s exhibition business. Located at Odeon Mall, the cinema benefits from [&hellip;]
- [Nazara Technologies Q3 FY26 Results: EBITDA Rises 29.4% YoY to ₹68 Crore, Margin Expands to 16.7%](https://angelnews.in/stocknews/results/nazara-technologies-q3-fy26-results-ebitda-growth/): Nazara Technologies Limited reported strong operating performance for the third quarter of FY26, supported by profit-led growth, operational efficiencies, and disciplined capital allocation. For Q3 FY26, the company recorded revenue of ₹406 crore, while EBITDA rose 29.4% year-on-year to ₹67.8 crore. EBITDA margin for the quarter expanded to 16.7%, reflecting improved operating leverage and scalable execution across its businesses. For the nine-month period ended FY26, Nazara’s revenue increased 29.7% year-on-year to ₹1,431.2 crore. EBITDA for the same period surged 73% YoY to ₹177.2 crore, with margins improving to 12.4%, indicating sustained profitability momentum. During the quarter, Kiddopia witnessed a resumption in [&hellip;]
- [Shipping Corporation of India Signs MoU With CONCOR, JNPA and Ports to Strengthen Container Logistics](https://angelnews.in/stocknews/mou/shipping-corporation-of-india-sci-concor-mou-container-logistics/): The Shipping Corporation of India has entered into a strategic multi-agency Memorandum of Understanding to strengthen India’s container logistics ecosystem. The agreement was signed with Container Corporation of India, Jawaharlal Nehru Port Authority, V O Chidambaranar Port Authority, Chennai Port Authority, and Sagarmala Finance Corporation. The collaboration has been undertaken as part of the Government of India’s logistics and infrastructure initiatives led by the Ministry of Ports, Shipping and Waterways in coordination with the Ministry of Railways. The objective of the MoU is to jointly acquire, own, lease and operate container vessels, containers and allied logistics assets. According to the disclosure, [&hellip;]
- [Adani Defence and Leonardo Sign MoU to Build Integrated Helicopter Manufacturing Ecosystem in India](https://angelnews.in/indianews/defence-news/adani-defence-leonardo-helicopter-manufacturing-india/): Adani Defence &amp; Aerospace has entered into a strategic partnership with global aerospace major Leonardo to develop an integrated helicopter manufacturing ecosystem in India. The collaboration is aimed at addressing rising military requirements while strengthening domestic manufacturing capabilities in the defence aviation sector. Under the partnership, the two companies plan to jointly develop, manufacture and sustain helicopters in India, with a focus on meeting the operational needs of the Indian Armed Forces. The programme is expected to support advanced helicopter platforms and enable phased indigenisation across manufacturing, maintenance, repair and overhaul operations, along with pilot training infrastructure. The initiative is designed [&hellip;]
- [RMC Switchgears Receives ₹200.87 Crore LOIs for Power Distribution Projects in Rajasthan](https://angelnews.in/stocknews/order-wins/rmc-switchgears-200-crore-loi-rajasthan-rdss/): RMC Switchgears Limited has received Letters of Intent aggregating ₹200.87 crore, inclusive of all applicable taxes, for executing power distribution infrastructure projects in Rajasthan. The development was disclosed under regulatory filing requirements. The Letters of Intent have been awarded by Jaipur Vidyut Vitran Nigam Limited under the Revamped Reforms-Based and Results-Linked Distribution Sector Scheme. The projects will be executed on a turnkey basis and focus on the segregation of 11 kV mixed feeders to enhance electricity distribution efficiency and reliability. One of the projects, valued at ₹116.49 crore, involves the development of distribution infrastructure for feeder segregation in the Dholpur Circle. [&hellip;]
- [Reliance Industries’ Jio Studios Acquires 50.1 Percent Stake in Sikhya Entertainment for ₹150 Crore](https://angelnews.in/stocknews/acquisition/reliance-industries-acquires-50-1-percent-stake-sikhya-entertainment/): Reliance Industries Limited has acquired a controlling stake in Sikhya Entertainment Private Limited through its wholly owned subsidiary, Reliance Strategic Business Ventures Limited. The transaction involved the acquisition of a 50.1 percent equity stake for an aggregate cash consideration of ₹150 crore. The acquisition was executed on February 2, 2026, through a combination of primary and secondary transactions. With this investment, Jio Studios is set to further consolidate its presence in the Indian and global media and entertainment ecosystem. Sikhya Entertainment, incorporated in April 2008, is recognised for its strong track record in content creation across films and series. The company [&hellip;]
- [Tata Power Renewable Energy Commissions 198 MW Wind Project for Tata Steel Offsetting 26,350 Tonnes CO₂ Annually](https://angelnews.in/latestnews/tata-power-renewable-energy-198-mw-wind-project-tamil-nadu/): Tata Power Renewable Energy Limited has commissioned a 198 MW group captive wind energy project in Karur district of Tamil Nadu, making it one of the largest wind projects of its kind in the region. The project has been developed under the group captive model to supply renewable power to Tata Steel. The wind project consists of 55 wind turbine generators, each with a capacity of 3.6 MW. It is designed to generate around 31 million units of clean electricity annually, supporting Tata Steel’s decarbonisation and sustainability objectives. The project is expected to offset approximately 26,350 tonnes of carbon dioxide emissions [&hellip;]
- [Aurionpro Solutions Secures Live Data Center Upgrade Contract from IDBI Bank with Zero Downtime](https://angelnews.in/stocknews/aurionpro-solutions-wins-idbi-bank-data-center-project/): Aurionpro Solutions Limited has secured a strategic data center infrastructure expansion project from IDBI Bank, marking its entry as a new strategic technology partner for one of India’s leading commercial banks. The project involves a comprehensive upgrade of IDBI Bank’s existing data center infrastructure, covering electrical systems, cooling solutions, security architecture and allied mechanical, electrical and plumbing systems. The engagement is classified as mission-critical, as the entire execution will be carried out in a live data center environment. A key highlight of the project is that the infrastructure expansion and migration will be completed without disrupting ongoing operations. Aurionpro will execute [&hellip;]
- [PI Opportunities Fund Invests ₹300 Crore in Bharat Forge Subsidiary JS Auto for 23% Stake](https://angelnews.in/stocknews/investment-news/bharat-forge-300-crore-investment-js-auto-pi-opportunities-fund/): Bharat Forge Limited has entered into a strategic investment agreement to raise funds for its step-down subsidiary, J S Auto Cast Foundry India Private Limited (JS Auto). Under the agreement, PI Opportunities Fund I Scheme II will invest around ₹300 crore in JS Auto. Following the investment, the fund will hold a 23% stake in the company on a fully diluted basis. The transaction will be carried out through the issuance of equity shares and compulsorily convertible preference shares (CCPS). JS Auto is indirectly owned by Bharat Forge through BF Industrial Solutions Limited, a wholly owned subsidiary. Bharat Forge clarified that [&hellip;]
- [Latent View Analytics Q3 FY26 Results: Revenue Rises 22% YoY to ₹278 Crore And PAT at ₹50.8 Crore](https://angelnews.in/stocknews/results/latent-view-analytics-q3-fy26-results-revenue-pat-ebitda/): Latent View Analytics Limited reported strong financial results for the third quarter of FY26, delivering a 22.0 percent year-on-year increase in consolidated operating revenue to ₹278.0 crore for the quarter ended December 31, 2025. The performance marked the company’s twelfth consecutive quarter of revenue growth, supported by steady client additions and strong demand across key verticals. On a sequential basis, revenue grew 7.9 percent quarter-on-quarter in rupee terms, reflecting sustained momentum in core business lines. The Financial Services practice emerged as the largest growth contributor, registering a sharp 20.6 percent sequential increase during the quarter. The Technology practice also reported steady [&hellip;]
- [Ola Electric Commences Deliveries of Ola Shakti 9.1kWh Residential Battery Energy Storage System](https://angelnews.in/stocknews/ola-electric-ola-shakti-energy-storage-system-deliveries/): Ola Electric Mobility Limited has commenced deliveries of its Ola Shakti 9.1kWh residential Battery Energy Storage System in Bengaluru. The company stated that deliveries of the system will be gradually expanded to other cities across India over the coming months, marking a key milestone in its clean energy portfolio. In addition to the delivery rollout, Ola Electric announced that it has secured Bureau of Indian Standards certification for the 5.2kWh configuration of Ola Shakti. This follows the BIS approval received earlier for the 9.1kWh variant, enabling the company to manufacture and sell both versions of the residential energy storage system across [&hellip;]
- [MosChip Technologies Q3 FY26 Results: Revenue Rises 18% to ₹149.39 Crore, PAT at ₹8.01 Crore](https://angelnews.in/stocknews/results/moschip-technologies-q3-fy26-results-revenue-growth/): MosChip Technologies Limited announced its unaudited consolidated financial results for the third quarter ended December 31, 2025, reporting steady revenue growth amid pressure on operating margins. The results were approved by the company’s board and submitted to stock exchanges on January 31, 2026. For Q3 FY26, revenue from operations increased 18 percent year on year to ₹149.39 crore, compared with ₹126.16 crore in the corresponding quarter of the previous fiscal. On a sequential basis, revenue rose 2 percent from ₹146.94 crore in Q2 FY26. EBITDA declined to ₹16.41 crore during the quarter, compared with ₹18.24 crore in the previous quarter and [&hellip;]
- [Nazara Technologies Acquires 5.23 Percent Stake in Rusk Media for ₹27.15 Crore](https://angelnews.in/stocknews/acquisition/nazara-technologies-invests-rs-27-15-crore-rusk-media/): Nazara Technologies Limited has completed the acquisition of Series A compulsorily convertible preference shares in Rusk Media Private Limited, further strengthening its strategic presence in the digital content and gaming ecosystem. The company paid a total cash consideration of ₹27.15 crore to acquire 4,276 Series A compulsorily convertible preference shares with a face value of ₹10 each. The transaction represents a 5.23 percent equity stake in Rusk Media on a fully diluted basis. Following the completion of the acquisition, Nazara Technologies’ overall shareholding in Rusk Media increased to 7.18 percent. The investment was executed under a share purchase agreement signed in [&hellip;]
- [CG Power Subsidiary G.G. Tronics Wins ₹433 Crore KAVACH Order from Chittaranjan Locomotive Works](https://angelnews.in/stocknews/cg-power-gg-tronics-433-crore-kavach-order/): G.G. Tronics India Private Limited, a subsidiary of CG Power and Industrial Solutions Limited, has secured an order valued at approximately ₹433.34 crore from Chittaranjan Locomotive Works in West Bengal. The order pertains to the supply and deployment of KAVACH, India’s indigenous Train Collision Avoidance System, further strengthening CG Power’s footprint in railway safety and signalling solutions. The scope of the contract includes supply, installation, testing, and commissioning of on-board KAVACH equipment on locomotives in line with prescribed railway standards. It also covers complete wiring, cabling, system integration, and an annual maintenance contract for a period of 11 years, applicable from [&hellip;]
- [RailTel Wins ₹94.23 Crore Order From Modern Coach Factory For IP Surveillance Systems in LHB Coaches](https://angelnews.in/stocknews/order-wins/railtel-major-order-modern-coach-factory-ip-surveillance/): RailTel Corporation of India Limited has secured a major domestic order from Modern Coach Factory, Raebareli, as disclosed in its regulatory filing dated January 30, 2026. The company has received a Letter of Acceptance for the supply, installation, and commissioning of IP-based video surveillance systems in LHB coaches in accordance with RDSO specifications. The estimated value of the contract stands at ₹94.23 crore. The scope of work includes deployment of the surveillance systems along with a three-year warranty period, followed by five years of comprehensive annual maintenance services. The order has been awarded by a domestic entity and does not involve [&hellip;]
- [ITC Q3 FY26 Results: Consolidated Revenue Grows 7.1% YoY to ₹21,578 Cr, PAT Stood at ₹5,018 Cr, Interim Dividend Announced at ₹6.50 per Share](https://angelnews.in/stocknews/results/itc-q3-fy26-results-consolidated-pat-dividend/): Standalone Financial Performance ITC Limited reported steady standalone performance for the quarter ended December 31, 2025, supported by margin expansion and growth across core FMCG categories. Standalone gross revenue increased 6.3 percent year on year to ₹19,200 crore, compared with ₹18,055 crore in the corresponding quarter last year. Standalone EBITDA rose 7.6 percent year on year to ₹6,271 crore, while EBITDA margin improved by 50 basis points to 35.1 percent. Profit after tax before exceptional items grew 6.8 percent year on year to ₹5,294 crore. After accounting for exceptional items related to labour code–linked wage cost adjustments, reported standalone PAT stood [&hellip;]
- [Tata Power Renewable Energy Crosses 10 GW EPC Milestone, Adds 941 MW in Q3 FY26](https://angelnews.in/latestnews/tata-power-renewable-energy-10-gw-epc-milestone/): Tata Power Renewable Energy Limited, a subsidiary of Tata Power Company Limited, has crossed the 10 GW milestone in engineering procurement and construction execution, reinforcing its leadership position in India’s renewable energy sector. The milestone includes cumulative commissioning of solar and wind projects executed across multiple states. Of the total 10 GW EPC capacity commissioned to date, solar projects account for 9.7 GW while wind projects contribute 290 MW. The portfolio includes 4.2 GW of in-house renewable projects and 5.8 GW developed for third-party clients, highlighting the company’s strong execution capabilities across ownership models. During the first nine months of FY26, [&hellip;]
- [AXISCADES Signs Strategic Partnership With OGMA Portugal to Expand Aerospace and Defence MRO](https://angelnews.in/stocknews/axiscades-ogma-strategic-partnership-aerospace-defence-mro/): AXISCADES Technologies Limited has entered into a strategic partnership with OGMA – Indústria Aeronáutica de Portugal to expand its aerospace and defence manufacturing and maintenance, repair and overhaul (MRO) capabilities. The agreement aligns with AXISCADES’ strategy of moving up the aerospace value chain by focusing on high-value, long-term service-led engagements. Under the partnership, AXISCADES will work with OGMA to deliver MRO, airframe engineering and certification services for commercial and military aircraft, including platforms operated by Embraer and other global manufacturers. The collaboration is expected to support Embraer aircraft fleets operating in India, which include VVIP, AEW&amp;C and commercial aircraft, while also [&hellip;]
- [Tata Power Signs MoU With DGPC To Support Bhutan’s 5,000 MW Clean Energy Expansion Through Skill Development](https://angelnews.in/worldnews/tata-power-dgpc-mou-5000-mw-clean-energy-bhutan/): Tata Power and Druk Green Power Corporation (DGPC) have signed a Memorandum of Understanding (MoU) to establish a skill development ecosystem aimed at supporting the development of 5,000 MW of clean energy capacity in Bhutan. The agreement was signed in Thimphu and is designed to build a structured training framework to support workforce requirements linked to ongoing clean energy projects between the two organisations. According to the company, the initiative will focus on developing a future-ready workforce capable of supporting operations and maintenance of large-scale clean energy assets. The training programmes will be conducted through the Tata Power Skill Development Institute [&hellip;]
- [Zaggle Q4 FY26 Results: Revenue Jumps 49.9% YoY To ₹617.9 Crore And PAT Climbs 30.4% YoY To ₹40.6 Crore](https://angelnews.in/stocknews/results/zaggle-q4-fy26-results-revenue-pat-growth-record-profit/): Zaggle Prepaid Ocean Services Limited announced its audited financial results for the quarter and financial year ended March 31, 2026, reporting record revenue and profitability for the third consecutive quarter. The SaaS fintech company reported consolidated revenue from operations of ₹617.9 crore in Q4 FY26, compared to ₹412.1 crore in Q4 FY25, reflecting a year-on-year growth of 49.9%. On a sequential basis, revenue increased 17.6% from ₹525.6 crore reported in Q3 FY26. Adjusted EBITDA for the quarter stood at ₹60.5 crore, registering a growth of 62.4% year-on-year from ₹37.2 crore in the corresponding quarter last year. Reported EBITDA rose 67.5% YoY [&hellip;]
- [Nazara Reports Record FY26 EBITDA of ₹255 Crore as Gaming Business Contribution Hits 90 Percent](https://angelnews.in/stocknews/results/nazara-technologies-fy26-ebitda-255-crore/): Nazara Technologies reported its highest-ever EBITDA for the financial year ended March 31, 2026, supported by growth in its gaming business, improved operating leverage, and expansion across mobile, PC, and console gaming segments. The company said FY26 revenue increased 13 percent year-on-year to ₹1,829 crore, while EBITDA surged 66 percent to ₹255 crore. EBITDA margins improved to 19.5 percent during the year, reflecting stronger profitability and operational efficiency. For the fourth quarter of FY26, Nazara reported revenue of ₹398 crore after the consolidation impact of Nodwin deconsolidation. Quarterly EBITDA rose 52 percent year-on-year to ₹78 crore, with EBITDA margin standing at [&hellip;]
- [PVR INOX Q4 FY26 Results: Revenue Rises 25% YoY to ₹1,578 Crore While Average Ticket Price Jumps 22% YoY](https://angelnews.in/stocknews/results/pvr-inox-q4-fy26-results-revenue-1578-crore-rupees/): PVR INOX Limited announced its audited financial results for the quarter and financial year ended March 31, 2026, reporting strong growth in revenue, profitability, and consumer spending metrics supported by a healthy theatrical content slate. The company reported adjusted revenue of ₹1,578 crore in Q4 FY26, compared with ₹1,263 crore in the corresponding quarter last year, reflecting a year-on-year increase of nearly 25%. Adjusted EBITDA for the quarter stood at ₹170 crore, while adjusted profit after tax (PAT) came in at ₹179 crore. PVR INOX said quarterly admissions reached 31 million during Q4 FY26. The company also recorded strong improvement in [&hellip;]
- [CMS Info Systems wins ₹400 crore HDFC Bank ATM management contract for 6,000 ATMs](https://angelnews.in/stocknews/cms-hdfc-bank-atm-services-deal-400-crore/): CMS Info Systems Limited has secured a five-year ATM managed services contract from HDFC Bank, with the order valued at approximately ₹400 crore covering nearly 6,000 ATMs across India. The company announced that it will provide integrated ATM management services for HDFC Bank, including currency forecasting, cash logistics, and technology-led managed solutions. CMS Info Systems will also deploy its AI-powered Vision AI platform, HAWKAI, as part of the engagement. CMS Info Systems stated that the mandate strengthens its position in India’s ATM management and outsourcing segment, where banks continue to focus on operational efficiency and technology-enabled service delivery. According to the [&hellip;]
- [Fairfax India to Invest ₹2,000 Crore in IIFL Capital Through Preferential Allotment at ₹350 Per Share](https://angelnews.in/stocknews/fairfax-india-invests-2000-crore-in-iifl-capital-at-350-per-share/): IIFL Capital Services Limited has announced that Fairfax India Holdings Corporation will invest ₹2,000 crore in the company through a preferential allotment of equity shares priced at ₹350 per share. The proposed transaction is expected to increase Fairfax India’s stake in the financial services firm to a minimum of 51%, subject to regulatory and shareholder approvals. According to the company, Fairfax India will make the investment through its wholly owned subsidiary, FIH Mauritius Investments Ltd, along with affiliate HWIC Asia Fund Class A. Following the completion of the transaction, Fairfax India and its affiliate are expected to join the promoter group [&hellip;]
- [Oswal Pumps Secures ₹162 Crore Solar Pump Order From Maharashtra State Electricity Distribution Company](https://angelnews.in/stocknews/order-wins/oswal-pumps-secures-rs-162-crore-msedcl-solar-pump-order/): Oswal Pumps Limited has announced that it has secured an order worth approximately ₹162.06 crore, including GST, from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply and installation of off-grid solar water pumping systems in Maharashtra. The order involves the design, manufacture, supply, transport, installation, testing, and commissioning of 6,869 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). The systems include 3HP, 5HP, and 7.5HP capacities and will be installed at identified farmers’ sites across Maharashtra. The project has been awarded under the PM Kusum B Scheme “Magel Tyala Saur Krushi Pump” Yojana, a government initiative aimed at supporting [&hellip;]
- [Zen Technologies Launches India’s First AI-Powered Anti-Drone System With 20 Km Detection Range](https://angelnews.in/indianews/defence-news/zen-technologies-ai-powered-anti-drone-system-india-launch/): Hyderabad-based Zen Technologies has unveiled what it described as India’s first AI-powered fully integrated anti-drone system during the North Tech Symposium 2026 held in Prayagraj. The announcement was made on the anniversary of Operation Sindoor amid rising global concerns over drone-led warfare and coordinated aerial threats. According to the company, the anti-drone platform has been fully designed and developed in India and is intended to strengthen defence self-reliance and indigenous battlefield technology capabilities. The system is aimed at addressing evolving threats from low-cost FPVs, swarm drones, and coordinated aerial attacks that have increasingly become part of modern conflict environments. Zen Technologies [&hellip;]
- [Bharat Electronics Bags ₹1,251 Crore Defence Deal for Advanced GBMES Systems for Indian Army](https://angelnews.in/indianews/defence-news/bharat-electronics-1251-crore-gbmes-indian-army-order/): Bharat Electronics Limited (BEL), a Navratna defence public sector undertaking, has secured a major contract worth ₹1,251 crore from the Ministry of Defence for the supply of Ground Based Mobile Electronic Intelligence System (GBMES) to the Indian Army. The order, excluding taxes, marks a significant addition to BEL’s defence portfolio and reinforces its position in indigenous military technology development. The GBMES is an advanced, fully indigenous electronic intelligence system designed and developed by the Defence Electronics Research Laboratory (DLRL), Hyderabad, and manufactured by BEL. The system is engineered to provide comprehensive electronic warfare capabilities, including detection, classification, and location of various [&hellip;]
- [Lehar Footwear Targets 5 Lakh Pairs Monthly Output with New Sports Footwear Unit in Haryana](https://angelnews.in/sme-stock-news/lehar-footwear-5x-capacity-expansion-haryana-kundli/): Lehar Footwears Limited has announced a major expansion of its manufacturing capabilities with the establishment of a new large-scale sports footwear facility in Kundli, Haryana. The move is aimed at strengthening its position in India’s fast-growing athleisure and sports footwear market. The company plans to scale its production capacity from approximately 1 lakh pairs per month to around 5 lakh pairs per month in a phased manner. This expansion is aligned with its broader strategy to tap into rising demand for higher-value footwear products and improve overall operational efficiency. Expansion Strategy and Timeline As part of the expansion, Lehar Footwear has [&hellip;]
- [LTM Partners with Uniphore to Scale Domain-Specific AI Solutions Across Enterprise Workflows](https://angelnews.in/stocknews/ltm-uniphore-ai-partnership-domain-specific-ai-enterprise/): LTM Limited, formerly known as LTIMindtree, has entered into a strategic partnership with Uniphore to accelerate the adoption of domain-specific artificial intelligence (AI) solutions across enterprise workflows, according to a stock exchange filing. The collaboration will combine Uniphore’s Business AI Cloud with LTM’s BlueVerse ecosystem to build industry-focused small language models (SLMs) and AI agents. These solutions are designed to improve operational efficiency and deliver measurable business outcomes across critical enterprise functions. Focus on Enterprise-Grade AI Deployment The partnership reflects a broader industry shift toward smaller, purpose-built AI models that offer greater precision, governance, and control. By integrating AI into core [&hellip;]
- [Knowledge Marine Acquires 15 Acre Waterfront Land in Palghar to Build Shipyard Near Vadhvan Port](https://angelnews.in/stocknews/knowledge-marine-15-acre-palghar-waterfront-shipyard-expansion-2026/): Knowledge Marine &amp; Engineering Works Limited (KMEW) has announced the acquisition of approximately 15 acres of prime waterfront land at Saphale in Palghar, Maharashtra, with an additional 5-acre expansion option. The acquisition has been executed through its subsidiary, Knowledge Shipyard Private Limited, marking a strategic step in the company’s expansion into shipbuilding infrastructure. The company stated that the development will support its transition into a technology-driven and sustainable shipbuilding enterprise. This follows its recent entry into the commercial shipbuilding segment and establishes a dedicated platform for scaling maritime operations. Strategic Location with Marine Advantages The newly acquired site is located along [&hellip;]
- [CDSL Declares ₹12.75 Per Share Dividend After Adding 2.71 Crore Demat Accounts in FY26, Q4 FY26 Revenue at ₹215 Crore](https://angelnews.in/stocknews/dividend/cdsl-fy26-results-income-growth-demat-accounts-18-crore/): Central Depository Services (India) Limited (CDSL) announced its audited financial results for the fourth quarter and full financial year ended March 31, 2026, reporting steady income growth alongside mixed profitability trends. According to the company’s press release, standalone total income for FY26 increased by 11 percent year-on-year to ₹1,096 crore, compared to ₹985 crore in FY25. However, standalone net profit saw only a marginal rise of 1 percent to ₹468 crore. On a consolidated basis, total income grew 3 percent to ₹1,239 crore, while net profit declined 14 percent to ₹455 crore. Quarterly Performance Shows Pressure on Profitability In the March [&hellip;]
- [Indian Hume Pipe Secures ₹461 Crore Irrigation Project Orders in Maharashtra Through Joint Ventures](https://angelnews.in/stocknews/order-wins/indian-hume-pipe-461-crore-irrigation-projects-maharashtra/): The Indian Hume Pipe Company Limited has announced that it has received Letters of Intent for multiple irrigation infrastructure projects in Maharashtra through its joint venture partnerships, with a combined company share of ₹461 Crore. The largest portion of the award comes from a joint venture involving Prathmesh Construction and the company, where Indian Hume Pipe holds a share of ₹343 Crore. This project relates to the Bhogapur Lift Irrigation Scheme Stage 2 along with the Pipe Distribution Network in Jalgaon district. The total value of this project stands at ₹1,716.70 Crore, excluding GST, royalty, insurance, and crop compensation. The scope [&hellip;]
- [Tech Mahindra to Acquire Canada Based Avant for CAD 28 Million to Boost BFSI Capabilities](https://angelnews.in/stocknews/acquisition/tech-mahindra-to-acquire-canada-based-avant-for-cad-28-million/): Tech Mahindra has announced the acquisition of Canada-based Alluri Technologies Inc., also known as Avant, in a strategic move to expand its capabilities in the banking, financial services, and insurance (BFSI) sector. The acquisition will be executed through its wholly owned step-down subsidiary, Tech Mahindra Consulting Group Inc. (TMCG). The company has entered into a share purchase agreement with the sellers to acquire the target entity in multiple tranches. Deal Structure and Timeline Under the terms of the agreement, Tech Mahindra will initially acquire an 85 percent stake in Avant for a cash consideration of CAD 28 million, subject to adjustments. [&hellip;]
- [Shakti Pumps Wins ₹155.24 Crore MSEDCL Contract to Supply 6,580 Solar Pumps Across Maharashtra](https://angelnews.in/stocknews/order-wins/shakti-pumps-wins-155-24-crore-msedcl-contract-6580-solar-pumps/): Shakti Pumps (India) Limited has announced that it has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the deployment of off-grid solar photovoltaic water pumping systems across the state of Maharashtra. The empanelment covers the supply and installation of 6,580 solar-powered water pumps with capacities of 3 HP, 5 HP, and 7.5 HP under the Magel Tyala Saur Krushi Pump Yojana. The total project value is estimated at ₹155.24 crore, inclusive of Goods and Services Tax (GST). According to the company’s regulatory filing, the scope of work includes end-to-end execution such as design, manufacturing, supply, [&hellip;]
- [Larsen and Toubro to Sell Entire Stake in L&amp;T Metro Rail Hyderabad for ₹1,461 Crore](https://angelnews.in/indianews/telangana-news/larsen-and-toubro-hyderabad-metro-stake-sale-1461-crore/): Larsen and Toubro Limited has announced the divestment of its entire shareholding in L&amp;T Metro Rail Hyderabad Limited, marking its exit from the Hyderabad metro rail business. The company has executed a Share Purchase Agreement with Hyderabad Metro Rail Limited, a Government of Telangana enterprise, for a total consideration of ₹1,461.47 crore. The disclosure was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations. Following the completion of the transaction, L&amp;T Metro Rail Hyderabad Limited will cease to be a subsidiary of Larsen and Toubro. Transaction Details and Timeline The agreement for the stake sale was signed [&hellip;]
- [Omaxe Announces ₹250 Crore Investment in Omaxe Cassia Project in Lucknow as 300 Homes Sold Pre-Construction](https://angelnews.in/latestnews/omaxe-cassia-lucknow-250-crore-investment-300-homes-sold/): Omaxe Group has announced an investment of approximately ₹250 crore for the development of its premium residential project, Omaxe Cassia, in Lucknow. The project is being developed by Omaxe Garv Buildtech Pvt Ltd, a wholly owned subsidiary of the company. Situated within the expansive 690-acre Omaxe Metro City township on Raebareli Road, the project has witnessed strong early demand. According to the company, nearly 300 of the total 360 units have already been sold prior to the commencement of construction, indicating robust buyer interest in the micro-market. Omaxe Cassia is positioned as a high-quality residential offering aimed at meeting the evolving [&hellip;]
- [Sahaj Solar Limited Secures ₹63.50 Crore MSEDCL Solar Pump Order in Maharashtra Under PM KUSUM Scheme](https://angelnews.in/sme-stock-news/sahaj-solar-msedcl-63-50-crore-solar-pump-order-maharashtra/): Sahaj Solar Limited has announced that it has secured a significant order worth ₹63.50 crore from Maharashtra State Electricity Distribution Company Limited (MSEDCL). The contract has been awarded under the government-backed Magel Tyala Saur Krushi Pump Yojana under the PM KUSUM B Scheme, aimed at promoting solar-powered irrigation solutions across India. The company has received a Letter of Empanelment along with execution confirmation for a rate contract and allocation of project quantity. The order involves the comprehensive execution of off-grid DC solar photovoltaic water pumping systems across identified farmer locations in Maharashtra. Under the scope of the contract, Sahaj Solar Limited [&hellip;]
- [Enviro Infra Engineers Subsidiary EIE Renewables to Acquire 100% Stake in Suyog Urja for ₹311 Crore](https://angelnews.in/stocknews/acquisition/enviro-infra-engineers-acquires-suyog-urja-eie-renewables-india/): Enviro Infra Engineers Limited (EIEL) has announced a strategic acquisition of Suyog Urja Limited through its wholly owned subsidiary, EIE Renewables Private Limited. The company has entered into a share purchase agreement to acquire 100% equity stake in the target entity in a phased manner. Under the agreement, EIE Renewables Private Limited will acquire an initial 51% stake in Suyog Urja Limited, while the remaining 49% will be acquired over a period of 27 months. The total transaction value is estimated at approximately ₹311 crore and will be executed entirely through cash consideration. The acquisition is expected to be completed on [&hellip;]
- [Brigade Enterprises Acquires 5.72 Acres in Osman Nagar Hyderabad at ₹44 Crore per Acre to Develop Residential Project](https://angelnews.in/stocknews/brigade-enterprises-hyderabad-osman-nagar-land-acquisition-residential-project-2026/): Brigade Enterprises Limited has announced the acquisition of a 5.72-acre land parcel in Osman Nagar, Hyderabad, marking a strategic expansion of its residential portfolio in one of India’s fastest-growing real estate markets. The land was secured through an auction conducted by the Telangana Industrial Infrastructure Corporation (TGIIC) at a price of ₹44 crore per acre, excluding registration costs. The company plans to develop a residential project on the site, reinforcing its long-term commitment to strengthening its presence in Hyderabad. The acquisition is positioned as a key step in Brigade’s broader growth strategy, particularly in high-demand urban corridors. The Osman Nagar location [&hellip;]
- [TCS Deploys CHESS Release 1 for the Australian Securities Exchange to Enable High Capacity Trade Processing](https://angelnews.in/global-markets/tcs-chess-release-1-australian-securities-exchange-clearing-system/): Tata Consultancy Services (TCS) has announced the successful go-live of Release 1 of the Australian Securities Exchange (ASX) Clearing House Electronic Subregister System (CHESS), marking a major milestone in the modernization of Australia’s financial market infrastructure. The deployment forms part of ASX’s broader CHESS replacement program aimed at upgrading post-trade clearing and settlement systems through a phased transformation approach. Release 1 introduces a new clearing component designed to enhance operational efficiency, scalability, and resilience. CHESS is a critical system that facilitates the clearing and settlement of trades in financial products. It enables the transfer of legal ownership of securities and supports [&hellip;]
- [Websol Energy Q4 FY26 Results: Revenue rises 132% YoY to Rs 401 crore and profit jumps 158% YoY to Rs 125 crore](https://angelnews.in/stocknews/results/websol-energy-q4-fy26-results-revenue-profit-yoy-growth/): Websol Energy System Limited reported a sharp improvement in its financial performance for the fourth quarter and full year ended March 31, 2026, driven by strong operational execution and capacity utilisation. The company posted revenue of Rs 401 crore in Q4 FY26, marking a 132.1% year-on-year increase compared to Rs 173 crore in the same period last year. Net profit rose significantly to Rs 125 crore, up 157.9% from Rs 48 crore reported in Q4 FY25. EBITDA for the quarter stood at Rs 146 crore, reflecting a growth of 86.4% YoY, while EBITDA margin came in at 36.4%. For the full [&hellip;]
- [Bharat Forge, DRDO, and Tata Advanced Systems Complete Vikram VT 21 Development from Concept to Combat Ready in Three Years](https://angelnews.in/indianews/defence-news/bharat-forge-drdo-vikram-vt21-armoured-platform/): Bharat Forge Limited, in collaboration with the Vehicle Research and Development Establishment (VRDE) under the Defence Research and Development Organisation (DRDO), has flagged off the Vikram VT 21, a new generation advanced armoured platform. The project represents a joint effort involving Bharat Forge, Tata Advanced Systems Limited, and multiple MSMEs. The Vikram VT 21 programme comprises two variants: the Advanced Armoured Platform Wheeled (AAP-Wh) and the Advanced Armoured Platform Tracked (AAP-Tr). Both platforms have been co-developed to meet the evolving operational requirements of the Indian Armed Forces. According to the company’s press release, the platform was developed from concept to combat-ready [&hellip;]
- [Sigma Advanced Systems Signs £300 Million Rolls-Royce Contract to Supply Aerospace Components Over Seven Years](https://angelnews.in/stocknews/sigma-advanced-systems-rolls-royce-300-million-aerospace-deal/): Sigma Advanced Systems Limited has entered into a long-term agreement with Rolls-Royce to manufacture and supply aerospace systems, marking a significant milestone in its global expansion strategy. The agreement, valued at approximately £300 million, spans seven years and is expected to provide sustained revenue visibility for the company. The partnership involves the supply of a wide range of high-precision, safety-critical components and assemblies for Rolls-Royce’s aerospace programs. This engagement positions Sigma Advanced Systems deeper within global aerospace supply chains and reflects its growing role as an integrated manufacturing partner rather than a location-specific supplier. The company will execute the contract through [&hellip;]
- [Bharat Dynamics Delivers India’s First Indigenous Wire Guided Heavy Weight Torpedo to NSTL Visakhapatnam](https://angelnews.in/indianews/defence-news/bdl-indigenous-wire-guided-heavy-weight-torpedo-production-india/): Bharat Dynamics Limited (BDL), a defence public sector enterprise under the Ministry of Defence, has achieved a significant milestone in indigenous naval weapon manufacturing with the successful production and delivery of India’s first production-grade Wire Guided Heavy Weight Torpedo (WGHWT). The delivery was completed to the Naval Science and Technological Laboratory (NSTL) at Visakhapatnam on April 23 2026. The event marked a key step in strengthening India’s self-reliance in advanced underwater weapon systems. The programme was executed through a collaborative framework, with BDL acting as the Development-cum-Production Partner (DcPP) alongside NSTL, a premier laboratory of the Defence Research and Development Organisation [&hellip;]
- [Ashoka Buildcon Bags USD 72.36 Million International EPC Order for Angola Power Project](https://angelnews.in/worldnews/ashoka-buildcon-angola-project-usd72-million-electricity-contract/): Ashoka Buildcon Limited has received a Letter of Contract Acceptance from the Ministry of Energy and Water of the Republic of Angola for a power infrastructure project focused on improving electricity access and distribution. The contract pertains to the “Electricity Sector Improvement and Access Project” in Luanda City 2. The awarded scope includes the design, supply, installation, and commissioning of rehabilitation works for distribution networks. The total accepted project cost is USD 72,359,639.46, reinforcing the company’s presence in international infrastructure development. The project is scheduled to be executed over a period of 24 months. According to the company’s disclosure, the awarding [&hellip;]
- [Atul Auto Partners with Exponent Energy for 15,000 EV Three Wheelers with 15 Minute Charging](https://angelnews.in/stocknews/order-wins/atul-auto-exponent-energy-15000-ev-three-wheelers-490-crore-deal/): Atul Auto Limited has announced a strategic partnership with Exponent Energy Private Limited to manufacture and deploy electric passenger three-wheelers equipped with rapid charging technology. The collaboration marks a significant push into the commercial electric vehicle segment, with a total order size of ₹490.50 crore. Under the agreement, Atul Auto will act as the original equipment manufacturer and will produce electric three-wheelers integrated with Exponent Energy’s battery systems and powertrain. The partnership includes end-to-end responsibilities such as manufacturing, supply, sales, servicing, and customer support. The companies have committed to a deployment of 15,000 electric three-wheelers over a period of three years. [&hellip;]
- [Cyient Announces ₹720 Crore Share Buyback at ₹1125 per Share with FY26 Profit at ₹588 Crore](https://angelnews.in/stocknews/cyient-buyback-720-crore-fy26-results-1125-share/): Cyient Limited has announced a ₹720 crore share buyback alongside its financial results for the quarter and full year ended March 31, 2026. The buyback will be conducted via tender offer at a price of ₹1125 per equity share, reflecting management’s confidence in the company’s intrinsic value. Q4 FY26 Performance Overview For the fourth quarter, Cyient reported revenue of ₹1500 crore in its Digital Engineering and Technology segment, registering a 0.8% quarter-on-quarter increase and 7.4% growth year-on-year. EBIT for the quarter stood at ₹185 crore with a margin of 12.4%. Profit after tax for Q4 came in at ₹138 crore, marking [&hellip;]
- [Patel Engineering Emerges as L1 Bidder for ₹1,593.08 Crore Nepal Hydropower Project](https://angelnews.in/stocknews/patel-engineering-1593-crore-nepal-hydropower-project-l1/): Patel Engineering Limited has been declared the lowest bidder (L1) for a ₹1,593.08 crore contract related to the 669 MW Lower Arun Hydropower Project in Nepal. The contract has been awarded by SJVN Lower Arun Power Development Company (P) Ltd., a subsidiary of SJVN. This development marks a significant addition to the company’s international project portfolio, reinforcing its presence in the hydropower infrastructure segment. Detailed Scope of Work The awarded Package 2 involves a comprehensive range of civil and hydro-mechanical works critical to the project’s execution. The scope includes construction of key infrastructure such as head race tunnels, surge shafts, pressure [&hellip;]
- [OFSS Q4 FY26 Results: Revenue Rises to ₹2,065 Crore Up 20% YoY and Profit at ₹842 Crore](https://angelnews.in/stocknews/results/oracle-financial-services-software-fy26-results-revenue-profit/): Oracle Financial Services Software Limited reported strong financial performance for the quarter and year ended March 31, 2026, supported by growth across products, services, and global deal wins. The company recorded consolidated revenue of ₹7,672 crore in FY26, reflecting a 12 percent increase over the previous year. Operating income rose to ₹3,410 crore, up 13 percent, while net income stood at ₹2,639 crore, growing 11 percent. The products business contributed ₹6,942 crore, accounting for nearly 90 percent of total revenue, while the services segment added ₹730 crore, registering faster growth at 16 percent. Q4 FY26 Financial Performance In the March 2026 [&hellip;]
- [Eveready Industries Commissions a ₹200 Crore Alkaline Battery Plant in Jammu with an Annual Capacity of 456 Million Units](https://angelnews.in/stocknews/eveready-industries-alkaline-battery-plant-jammu-investment-200-crore/): Eveready Industries India Limited has commissioned India’s only operating alkaline battery manufacturing facility in Jammu, marking a significant step in strengthening domestic production capabilities in the energy solutions segment. The facility, located in the Samba district of Jammu and Kashmir, has been developed as a greenfield project with an investment of approximately ₹200 crore. The inauguration was carried out by the Hon’ble Lieutenant Governor of Jammu and Kashmir, Manoj Sinha, in the presence of senior company leadership. The plant aligns with the Government’s Make in India initiative and is expected to enhance the country’s self-reliance in battery manufacturing. Capacity expansion to [&hellip;]
- [Magnum Ice Cream Company Launches Open Offer to Acquire 26 Percent Stake in Kwality Wall’s India at Rs 21.33 per Share](https://angelnews.in/stocknews/magnum-ice-cream-open-offer-kwality-walls-india-21-33-per-share/): Magnum Ice Cream Company HoldCo 1 Netherlands B.V. has announced an open offer to acquire up to 26.00% of the voting share capital of Kwality Wall’s India Limited from public shareholders. The offer is being made in compliance with SEBI Substantial Acquisition of Shares and Takeovers Regulations. The acquirer, Magnum Ice Cream Company HoldCo 1 Netherlands B.V., along with persons acting in concert, plans to purchase over 61 crore equity shares at a price of Rs 21.33 per share, payable in cash. The offer price has been determined as per regulatory guidelines and has not been revised. Offer Price Evaluation and [&hellip;]
- [Premier Explosives Limited Receives Defence Export Orders Worth INR 350.23 Crore](https://angelnews.in/stocknews/order-wins/premier-explosives-defence-export-order-350-crore/): Premier Explosives Limited has announced that it has secured export orders valued at INR 350.23 crore for the supply of defence products. The company disclosed the development through a regulatory filing made in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations. The orders have been awarded by an international client, highlighting the company’s continued expansion in global defence markets. The contract involves the supply of defence-related products and is scheduled to be executed over a period of two years, providing visibility on future revenues. In its disclosure, the company clarified that the transaction does not involve [&hellip;]
- [DEV IT Expands Global IT Capabilities With Six Microsoft Solutions Partner Titles](https://angelnews.in/sme-stock-news/dev-it-microsoft-solutions-partner-designations-global-elite-tier/): Dev Information Technology Limited (DEV IT) has announced that it has successfully achieved all six Microsoft Solutions Partner Designations, marking a significant milestone in its technological and corporate journey. The company disclosed the development through a regulatory filing to stock exchanges under SEBI regulations. The achievement was completed in collaboration with its wholly owned subsidiary, Devey Consulting Services Pvt Ltd. With this, DEV IT enters an elite group of companies globally that hold the complete suite of Microsoft specializations. Strengthening Position in Global IT Services Market The recognition reinforces DEV IT’s positioning as a high maturity global IT services provider capable [&hellip;]
- [Tata Investment Corporation Q4 FY26 Results: Net profit falls 15.33% QoQ to Rs 63.83 crore](https://angelnews.in/stocknews/results/tata-investment-corporation-q4-fy26-results-profit-income/): Tata Investment Corporation Limited reported its financial results for the quarter and year ended March 31, 2026. The company recorded a sequential increase in standalone profit, while consolidated profit declined on a quarter-on-quarter basis. Tata Investment Corporation Standalone Q4 FY26 Performance Q4 FY26 QoQ Comparison Total Income stood at Rs 56.37 crore (12.11 percent increase QoQ) compared to Rs 50.28 crore. Profit After Tax stood at Rs 52.08 crore (40.83 percent increase QoQ) compared to Rs 36.98 crore. Revenue from Operations stood at Rs 54.19 crore (14.33 percent increase QoQ) compared to Rs 47.40 crore. Tata Investment Corporation Standalone FY26 YoY [&hellip;]
- [PNC Infratech Emerges as L1 Bidder for Two NHAI Projects Worth Rs 3483 Crore in Uttar Pradesh](https://angelnews.in/stocknews/order-wins/pnc-infratech-nhai-projects-3483-crore-uttar-pradesh/): PNC Infratech Limited has emerged as the lowest (L1) bidder for two highway construction projects awarded by the National Highways Authority of India (NHAI), with a combined bid value of Rs. 3483.00 crore, excluding Goods and Services Tax. According to the company’s regulatory filing dated April 21, 2026, the projects fall under the Hybrid Annuity Mode (HAM) and involve the development of key stretches of National Highway 927 in Uttar Pradesh. The first project involves the construction of a four-lane highway from Barabanki Design Chainage Km 0+000 to Kamlabad Design Chainage Km 43+030, covering an existing stretch up to Km 43.700. [&hellip;]
- [Tata Steel Partners with SMS Group to Deploy EASyMelt at Jamshedpur Plant to Cut CO2 Emissions by Over 50 Percent](https://angelnews.in/stocknews/tata-steel-easymelt-jamshedpur-low-carbon-steelmaking/): Tata Steel Limited has entered into definitive agreements with Paul Wurth, part of SMS Group, to implement the world’s first EASyMelt (electrically assisted smelting) technology. The project will be executed at the company’s Jamshedpur facility, marking a significant advancement in low-carbon steel production. The company plans to convert its Blast Furnace ‘E’ (64.9 cubic metres) into an EASyMelt-enabled unit through a phased development approach. Once operational, the project is expected to reduce carbon dioxide emissions by more than 50 percent compared to conventional blast furnace operations. Focus on Decarbonisation and Innovation EASyMelt technology is designed to provide flexibility in raw material [&hellip;]
- [Parsvnath Developers Completes 20.67 Acre Saatvik Green NX Residential Project in Indore](https://angelnews.in/sme-stock-news/parsvnath-developers-saatvik-green-nx-indore-project-completion/): Parsvnath Developers Limited has announced the completion of its residential plotted development project ‘Saatvik Green NX’ located at Raukhedi in Indore, Madhya Pradesh. The project spans a total land area of 83,670 square meters, equivalent to 20.67 acres (8.37 hectares). The company confirmed that all development work has been completed and the completion certificate has been obtained from the Office of the Collector, District Indore. The township is strategically located along the AB Bypass Road, also known as the Indore-Dewas Bypass, providing strong connectivity to key parts of the city. The site is situated near Manglia Toll Plaza and is in [&hellip;]
- [Indo SMC Limited Secures ₹28.43 Crore Order for 630 AMP HT Bus Duct Systems](https://angelnews.in/sme-stock-news/indo-smc-limited-28-43-crore-ht-bus-duct-order/): Indo SMC Limited has announced the receipt of a purchase order valued at ₹28.43 crore for the supply of high-tension electrical equipment, according to a regulatory filing submitted to the Bombay Stock Exchange under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The order pertains to the supply of 630 AMP High-Tension (HT) Air Insulated Bus Duct systems, which are widely used in industrial power distribution networks for efficient electricity transmission. The company confirmed that the contract has been awarded by a prominent Indian mining and steel company engaged in iron ore mining, sponge iron manufacturing, and power generation operations. The [&hellip;]
- [Smartworks Coworking Spaces Reports Strong Growth with 10 Million Sq Ft Operational Portfolio Milestone](https://angelnews.in/stocknews/smartworks-crosses-10-million-sq-ft-flex-space-india/): Smartworks Coworking Spaces Limited has crossed 10 million square feet of managed office space under its operational portfolio, becoming the first listed flexible workspace provider in India to reach this scale. The milestone highlights the company’s growing presence in the enterprise workspace segment, where demand is increasingly shifting toward managed, campus-style office solutions offering scalability and long-term operational efficiency. The expansion follows the recent operationalisation of the Tata Intellion Park centre in Mumbai, which has added to the company’s footprint and strengthened its position in key business hubs. Strong Enterprise Demand Driving Growth Smartworks has evolved into a national-scale enterprise workspace [&hellip;]
- [Titagarh Rail Systems Arm Titagarh Naval Systems Launches Advanced Diving Support Craft A23 for Indian Navy](https://angelnews.in/stocknews/titagarh-naval-systems-launches-diving-support-craft-a23-indian-navy/): Titagarh Naval Systems Limited (TNSL), a wholly owned subsidiary of Titagarh Rail Systems Limited, has launched the fourth Diving Support Craft (DSC) A23 (Yard 328) for the Indian Navy, marking another milestone in India’s indigenous defence manufacturing efforts. The vessel is part of an ongoing contract for five Diving Support Crafts being constructed under the Government of India’s Make in India initiative. The launch ceremony took place at the company’s shipyard along the Hooghly River in Kolkata, with senior naval officials and company representatives in attendance. Designed as advanced catamaran-type vessels, the Diving Support Crafts are equipped with modern, indigenously developed [&hellip;]
- [MCX to Set Up Coal Exchange Company After SEBI Approval with 100 Percent Stake and ₹100 Crore Investment](https://angelnews.in/stocknews/mcx-sebi-approval-coal-exchange-100-crore-investment/): In a significant development for India’s commodity markets, Multi Commodity Exchange of India Limited (MCX) has received in-principle approval from the Securities and Exchange Board of India (SEBI) to set up a dedicated Coal Exchange Company. The approval has been granted under applicable regulatory provisions, enabling MCX to move forward with establishing a structured and regulated platform for coal trading in India. Proposed Structure and Ownership The proposed Coal Exchange Company will initially be incorporated as a wholly owned subsidiary of MCX. The exchange plans to hold a 100 percent stake at the outset, with the possibility of onboarding strategic partners [&hellip;]
- [JSW Steel Forms 50:50 Joint Venture with POSCO to Build 5 MTPA Steel Plant in Odisha](https://angelnews.in/indianews/jsw-steel-posco-joint-venture-odisha-5-mtpa-plant/): JSW Steel Limited has approved a strategic joint venture with South Korea-based POSCO Group to establish a 5.0 million tonnes per annum (MTPA) greenfield integrated steel plant in Odisha, according to a regulatory filing. The joint venture will be executed through Saffron Resources Private Limited, a wholly owned subsidiary of JSW Steel, which will be converted into a 50:50 partnership between JSW Steel and POSCO Group. Investment and Structure Details As part of the agreement, POSCO Group will subscribe to equity shares of Saffron Resources for a consideration of approximately ₹508.8 crore, subject to closing adjustments. Following this investment, both companies [&hellip;]
- [Apollo Micro Systems Obtains Lifetime DPIIT Arms License for Advanced Weapon Systems Including Missiles and Torpedoes](https://angelnews.in/indianews/defence-news/apollo-micro-systems-defence-manufacturing-license-india-dpiit/): Apollo Micro Systems Limited has received a significant regulatory approval from the Government of India, marking a major expansion in its defence manufacturing capabilities. The company has been granted a lifetime arms manufacturing license by the Department for Promotion of Industry and Internal Trade under the Ministry of Commerce and Industry. The license, issued on 10 April 2026, authorises the Hyderabad-based defence technology firm to manufacture, assemble and test a wide range of advanced weapon systems and munitions. This development enables the company to transition from a subsystem provider to a full-scale defence systems manufacturer. The approval covers arms of calibre [&hellip;]
- [Angel One Q4 FY26 Profit Rises 19.2% QoQ to ₹320.2 Crore as Revenue Reaches ₹1,467.2 Crore](https://angelnews.in/stocknews/results/angel-one-q4-fy26-results-profit-growth-crore/): Angel One Limited reported a strong financial performance for the fourth quarter of FY26, supported by higher client engagement and improved trading activity. The company’s consolidated gross revenue stood at ₹1,467.2 crore, registering a 9.7% growth on a quarter on quarter basis. Operating performance improved during the quarter, with earnings before depreciation, amortisation, and tax (EBDAT) rising 16.7% QoQ to ₹472.8 crore. The EBDAT margin expanded to 41.7%, reflecting improved operational efficiency. Profit after tax came in at ₹320.2 crore, marking a 19.2% increase compared to the previous quarter, driven by higher volumes and stable cost management. Strong Trading Activity and [&hellip;]
- [MosChip Technologies to Acquire 73 Percent Stake in Vayavya Labs for Rs 245.49 Crore](https://angelnews.in/stocknews/acquisition/moschip-technologies-to-acquire-73-percent-stake-vayavya-labs-rs-245-49-crore/): MosChip Technologies Limited has announced the approval of a strategic acquisition of a 73 percent stake in Vayavya Labs Private Limited, marking a significant move to strengthen its position in semiconductor and engineering solutions. The decision was taken during the company’s board meeting held on April 16, 2026. The total transaction value stands at Rs 245.49 crore, which will be executed through a combination of cash and share swap. Out of the total consideration, Rs 148.52 crore will be paid in cash, while Rs 96.97 crore will be settled through the issuance of equity shares. Share Swap and Preferential Issue Details [&hellip;]
- [Enviro Infra Engineers Strengthens Order Book to ₹4,600 Crore with Strong Project Pipeline](https://angelnews.in/stocknews/enviro-infra-engineers-order-book-4600-crore-growth/): Enviro Infra Engineers Limited has reported a significant increase in its order book following fresh project wins across multiple infrastructure segments. The total order book has surpassed ₹4,600 crore after securing new orders worth more than ₹2,240 crore since March 2026. The company stated that these new orders span across water and wastewater treatment as well as renewable energy projects. Of the total inflows, over ₹1,170 crore has been secured in the water and wastewater segment, while renewable energy projects account for more than ₹1,070 crore. With these additions, Enviro Infra Engineers expects strong execution visibility over the next 15 to [&hellip;]
- [63 Moons Subsidiary 63SATS Reports ₹87 Crore FY26 Revenue with 24 Times Year on Year Growth](https://angelnews.in/stocknews/63-moons-63sats-fy26-revenue-87-crore-24-times-growth-cybersecurity/): 63 Moons Technologies Limited has submitted an investor update received from its subsidiary, 63SATS Cybertech Limited, to stock exchanges in compliance with SEBI listing regulations. The update outlines a strong financial and operational performance for FY26, with the cybersecurity firm reporting a significant scale-up in revenue, client acquisition, and product traction. Strong Revenue Growth and Business Expansion According to the investor presentation, 63SATS Cybertech recorded total revenue of ₹87 crore in FY26, marking a 24 times increase from ₹3.6 crore in FY25. The company’s B2B segment contributed ₹43 crore, while its proprietary IP-led offerings, including CYBX AI CyberOps and the CYBX [&hellip;]
- [Bluspring to Acquire 100 Percent Stake in LSG India for INR 129 Crore to Enter Aviation Catering](https://angelnews.in/stocknews/acquisition/bluspring-acquires-lsg-india-aviation-catering-129-crore-deal/): Bluspring Enterprises Limited has announced its strategic entry into the aviation catering segment through the acquisition of a 100 percent stake in LSG Sky Chefs India Private Limited. The deal, executed via its wholly owned subsidiary Bluspring New Horizon Two Private Limited, is valued at an enterprise value of INR 129 crore and is subject to customary closing adjustments. The acquisition primarily includes LSG India’s Bengaluru operations, while its Hyderabad business will be carved out prior to completion. The transaction is expected to be completed within 60 to 90 days, subject to regulatory and contractual conditions. LSG India is a well-established [&hellip;]
- [Ola Electric Launches S1 X 5.2 kWh with 4680 Bharat Cells and Offers 320 km Range at ₹1.29 Lakh](https://angelnews.in/stocknews/ola-electric-s1-x-5-2kwh-4680-bharat-cells-320km-range-price-129999/): Ola Electric Mobility Limited has announced the launch of its new electric scooter, the S1 X equipped with a 5.2 kWh battery pack based on its indigenously developed 4680 Bharat Cells. The product was officially launched on April 13, 2026, as part of the company’s broader strategy to scale high-performance electric mobility solutions across India. The launch also reflects the company’s continued push toward vertical integration in EV manufacturing. The newly introduced S1 X 5.2 kWh variant is positioned to make long-range electric scooters more accessible to the mass market. It delivers a certified IDC range of 320 kilometres and a [&hellip;]
- [Anand Rathi Wealth Crosses ₹1 Lakh Crore AUM in April 2026 on Strong Equity Market Momentum](https://angelnews.in/stocknews/anand-rathi-wealth-aum-crosses-1-lakh-crore-april-2026/): Anand Rathi Wealth Limited (ARWL) has achieved a significant milestone with its Assets Under Management (AUM) surpassing ₹1 lakh crore, according to a company press release. The milestone comes on the back of favourable equity market movements following the end of March 2026, which supported asset growth across portfolios managed by the firm. Commenting on the achievement, Chief Executive Officer Rakesh Rawal and Joint CEO Feroze Azeez stated that the company’s AUM growth reflects sustained client trust and consistent performance. They highlighted that recent market momentum played a key role in helping the firm cross the ₹1 lakh crore mark. The [&hellip;]
- [Power Mech Projects Secures Rs 296 Crore Mumbai Monorail Operations and Maintenance Contract for Five Years](https://angelnews.in/stocknews/order-wins/power-mech-mumbai-monorail-296-crore-om-contract-19-54-km/): Power Mech Projects Limited (PMPL), an engineering and construction services provider in the power and infrastructure sectors, has secured a major Operations and Maintenance (O&amp;M) contract for the Mumbai Monorail. The contract has been awarded by Maha Mumbai Metro Operation Corporation Limited (MMMOCL) and is valued at Rs. 296 crore, excluding GST. The contract covers a 19.54 km monorail corridor connecting Sant Gadge Maharaj Chowk to Chembur in Mumbai. It includes the operation and maintenance of 17 stations over a period of five years. The Mumbai Monorail, operational since 2014, remains India’s only straddle-type monorail system. Under the agreement, PMPL will [&hellip;]
- [NHPC Secures Cabinet Approval for ₹26,069.50 Crore Kamala Hydroelectric Project in Arunachal Pradesh](https://angelnews.in/stocknews/nhpc-kamala-hydroelectric-project-26069-crore-1720mw-arunachal/): NHPC Limited has received approval from the Cabinet Committee on Economic Affairs (CCEA) for investment in the Kamala Hydroelectric Project with a total outlay of ₹26,069.50 crore. The project, with an installed capacity of 1,720 MW, will be developed in the Kamle, Kra Daadi and Kurung Kumey districts of Arunachal Pradesh. The hydropower project is designed to significantly enhance India’s renewable energy capacity. It will consist of eight units of 210 MW each and one unit of 40 MW, with an expected annual energy generation of 6,870 million units. The construction timeline for the project has been estimated at 96 months. [&hellip;]
- [Cyient Semiconductors Acquires Majority Stake in Kinetic Technologies for USD 85 Million Expanding Global Power IC Business](https://angelnews.in/stocknews/cyient-semiconductors-85-million-investment-kinetic-technologies/): Cyient Semiconductors has announced the successful completion of its $85 million majority investment in Kinetic Technologies, marking a significant step in its strategy to build a global power semiconductor platform from India. The transaction brings together Cyient Semiconductors’ engineering expertise with Kinetic Technologies’ established portfolio in power management and protection integrated circuits. Kinetic Technologies, a global semiconductor solutions provider, contributes a strong foundation with more than 100 silicon intellectual properties and over 250 custom and Application-Specific Standard Products. The combined platform is expected to enhance Cyient’s ability to deliver end-to-end custom semiconductor solutions, particularly in high-growth areas such as power management, [&hellip;]
- [Angel One Client Base Reaches 37.39 Million in March 2026 Up 20.5 Percent YoY](https://angelnews.in/stocknews/angel-one-client-base-37-39-million-march-2026/): Angel One Limited reported its operational performance for March 2026 and the fourth quarter of FY26, highlighting steady client growth, improved trading activity, and strong expansion in derivatives turnover despite some moderation in customer acquisition. The company’s total client base reached 37.39 million in FY26, marking a 20.5% year-on-year increase compared to 31.02 million in FY25. However, gross client acquisition declined 26.1% YoY to 6.85 million, indicating a slowdown in new user additions amid changing market conditions. Angel One’s average client funding book rose sharply by 45.3% YoY to ₹53.05 billion, reflecting higher client engagement and capital deployment. At the same [&hellip;]
- [Ola Electric Develops Indigenous 46100 LFP Battery Cell Larger Than 4680 Bharat Cell with Production Starting Next Quarter](https://angelnews.in/stocknews/ola-electric-46100-lfp-cell-indigenous-battery-india-gigafactory/): Ola Electric has announced the readiness of its indigenously developed 46100 Lithium Iron Phosphate (LFP) cell, marking a significant milestone in its efforts to build a vertically integrated electric mobility ecosystem in India. The newly developed 46100 cell, part of Ola’s advanced battery innovation program, is larger than the company’s existing 4680 Bharat Cell. The company stated that the new format delivers improved cost efficiency, scalability, and broader applicability across both electric mobility and energy storage solutions. Integration of the cell into Ola’s product lineup is expected to begin in the next quarter. The development comes alongside steady progress at Ola [&hellip;]
- [Amaravati Declared Capital in Andhra Pradesh Reorganisation Amendment Act 2026 with Retrospective Effect](https://angelnews.in/indianews/andhra-pradesh-news/amaravati-capital-andhra-pradesh-reorganisation-amendment-act-2026/): The Government of India has officially notified the Andhra Pradesh Reorganisation Amendment Act 2026 following its publication in the Gazette of India on April 6 2026. The legislation received the assent of the President on the same day and introduces key changes to the Andhra Pradesh Reorganisation Act 2014. The amendment provides clarity on the designation of the state capital by explicitly naming Amaravati as the capital of Andhra Pradesh. This replaces the earlier provision in Section 5 of the 2014 Act, which referred to the creation of a new capital without specifying its name. According to the provisions outlined in [&hellip;]
- [Swan Defence Wins Order to Build 4 Large Bulk Carriers of 92500 DWT Each with Advanced Ammonia Dual Fuel Systems](https://angelnews.in/stocknews/order-wins/swan-defence-ammonia-dual-fuel-bulk-carrier-order-energy-one-india/): Swan Defence and Heavy Industries Limited (SDHI) has secured a major shipbuilding contract from Energy ONE Limited for the construction of four 92,500 deadweight tonnage (DWT) ammonia dual fuel bulk carriers, marking a significant milestone for India’s green maritime sector. The order, classified as a Category 4 contract, represents one of the largest commercial shipbuilding projects to be undertaken at an Indian shipyard. The development is also notable as these vessels will be the first ammonia dual fuel ships to be built in India, positioning the country at the forefront of sustainable shipping innovation. The vessels will measure approximately 229.5 metres [&hellip;]
- [Diamond Power Infrastructure Bags ₹160 Crore Cable Supply Orders from Adani Group Companies](https://angelnews.in/stocknews/order-wins/diamond-power-infrastructure-adani-cable-orders-160-crore/): Diamond Power Infrastructure Limited (DPIL) has announced that it has received multiple letters of intent (LoIs) from Adani group companies for the supply of cables, with a combined contract value exceeding ₹160 crore inclusive of taxes. According to regulatory filings submitted under SEBI Listing Obligations and Disclosure Requirements Regulations, the company has secured three separate domestic orders from Adani Electricity Mumbai Limited, Adani Power Limited, and Adani Green Energy Limited. The largest contract, valued at ₹100.54 crore, has been awarded by Adani Electricity Mumbai Limited for the supply of assorted sizes of high tension (HT) cables. This order is scheduled for [&hellip;]
- [WeWork India Adds 700000 sq ft Office Space Across Three Cities with 12000 Desks in Major Expansion Drive](https://angelnews.in/stocknews/wework-india-adds-700000-sq-ft-across-three-cities-with-12000-desks/): WeWork India Management Limited has announced a significant expansion of its flexible workspace portfolio, adding more than 700,000 square feet across Bengaluru, Hyderabad, and Chennai. The move comes amid rising enterprise demand for managed office solutions in India’s fastest-growing business hubs. The expansion spans five large-scale, long-term lease agreements and marks one of the company’s most substantial growth phases in recent years. The newly added capacity includes approximately 12,000 desks distributed across premium Grade A office buildings, strengthening WeWork India’s presence in key southern markets. According to the company, the new facilities include WeWork TechVillage 8C, WeWork Vista Palladium, and WeWork [&hellip;]
- [Wipro to Acquire Mindspirit for $375 Million to Support $1 Billion Olam Group Transformation Deal](https://angelnews.in/stocknews/acquisition/wipro-acquires-mindspirit-375-million-ai-transformation-olam-deal/): Wipro Limited has announced that it has entered into a definitive agreement to acquire 100 percent shareholding in Mindspirit Pte Ltd and its subsidiaries. The acquisition, disclosed through a regulatory filing, is aligned with the company’s strategy to enhance its consulting-led and artificial intelligence-powered transformation capabilities. The transaction is valued at $375 million and will be carried out through a cash consideration, subject to customary closing adjustments. According to the filing, the acquisition is expected to be completed by June 30, 2026, subject to obtaining necessary regulatory approvals in jurisdictions including Saudi Arabia and Australia. The acquisition is strategically linked to [&hellip;]
- [Ola Electric Roadster X+ 4.5 kWh Gets PLI Certification Under PLI Auto Scheme](https://angelnews.in/stocknews/ola-electric-roadster-x-plus-4-5-kwh-pli-certification-india/): Ola Electric has received the Certification of Compliance for eligibility under the Production Linked Incentive (PLI) Scheme for its Roadster X+ 4.5 kWh motorcycle. The certification has been granted by the Global Automotive Research Centre (GARC) under the PLI-Auto scheme. With this development, the Roadster X+ 4.5 kWh becomes the first motorcycle in Ola Electric’s Roadster lineup to qualify for PLI incentives. The certification confirms that the model meets the required Domestic Value Addition (DVA) thresholds under the scheme, making it eligible for financial incentives offered by the government. The company stated that the certification reflects its continued focus on localisation [&hellip;]
- [LatentView Analytics Invests $3 Million in Healtheon AI to Expand Healthcare RCM Capabilities](https://angelnews.in/stocknews/investment-news/latentview-analytics-invests-3-million-healtheon-ai-healthcare-rcm/): LatentView Analytics Limited has announced a strategic investment of $3 million in Healtheon AI, an emerging startup focused on Agentic Artificial Intelligence solutions for the healthcare Revenue Cycle Management (RCM) sector. The investment has been made through LatentView Analytics Corporation, its wholly owned subsidiary based in New Jersey. The Chennai-headquartered analytics and consulting firm stated that the investment aligns with its broader strategy to expand capabilities in advanced AI technologies and strengthen its presence in high-impact sectors such as healthcare. Healtheon AI is positioned at the forefront of applying Agentic AI to automate complex workflows across the healthcare revenue cycle. Healtheon [&hellip;]
- [EIEL Secures ₹1,481 Crore Orders in March 2026 and Enters BESS Segment with ₹1,070 Crore Projects](https://angelnews.in/stocknews/eiel-1481-crore-orders-march-2026-bess-1070-crore-ntpc-projects/): Enviro Infra Engineers Limited (EIEL) has announced the securing of five major infrastructure projects in March 2026 with a combined order value of ₹1,481 crore. The development comes as the company moves toward closing the financial year on a strong note while enhancing its order book and revenue visibility for upcoming periods. A significant portion of the newly secured contracts worth ₹1,070 crore relates to the Battery Energy Storage System (BESS) segment, marking the company’s strategic entry into energy storage within the renewable energy ecosystem. The projects collectively account for a storage capacity of 930 MWh and are primarily associated with [&hellip;]
- [Ola Electric Registrations Jump 150 Percent MoM in March 2026 to 10,117 Units](https://angelnews.in/latestnews/ola-electric-march-2026-registrations-mom-growth-10117-units/): Ola Electric Mobility Limited has reported a sharp recovery in business performance during March 2026, driven by a surge in demand and operational improvements. The company stated that daily orders exceeded 1,000 units in the final week of the month, indicating strong momentum in its electric two-wheeler segment. According to the company’s disclosure, registrations rose significantly to 10,117 units in March, compared with 3,973 units in February, reflecting a month-on-month growth of over 150% as per VAHAN data. This rebound also translated into a V-shaped recovery in market share, with the company regaining traction across key markets. The improved performance has [&hellip;]
- [RMC Switchgears Approved for BSE Main Board Migration and NSE Listing from April 1 2026](https://angelnews.in/stocknews/rmc-switchgears-bse-main-board-migration-nse-listing-april-2026/): RMC Switchgears Limited has received approval for the migration of its equity shares from the SME Platform of BSE to the Main Board of BSE. The company will also list its shares on the National Stock Exchange (NSE) with effect from April 1, 2026, marking a significant development in its capital market journey. By moving to the Main Board and securing an NSE listing, the company is expected to gain wider visibility among investors and improve overall market participation. The company stated that the dual listing on BSE Main Board and NSE will enhance liquidity in its shares and facilitate broader [&hellip;]
- [Emami to Acquire Remaining 73.5 Percent Stake in Axiom Ayurveda for Up to ₹200 Crore by June 2026](https://angelnews.in/stocknews/acquisition/emami-acquires-73-5-percent-axiom-ayurveda-200-crore/): Emami Limited has announced its decision to acquire the remaining 73.5% stake in Axiom Ayurveda Private Limited (AAPL), an associate company, in a cash transaction valued at up to ₹200 crore. The development was disclosed in a regulatory filing dated March 31, 2026. Following the completion of the transaction, Emami’s shareholding in Axiom Ayurveda will increase from approximately 26.5% to 100%, resulting in AAPL becoming a wholly owned subsidiary of the company. Strategic Expansion in Healthy Beverage Segment Axiom Ayurveda operates in the fast-moving consumer goods (FMCG) space, primarily focusing on healthy beverages. The company is known for its aloe vera-based [&hellip;]
- [GRSE Reports ₹6,400 Crore Record Turnover and Declares 129% Dividend in FY26](https://angelnews.in/stocknews/grse-fy26-results-6400-crore-turnover-129-dividend/): Garden Reach Shipbuilders &amp; Engineers Ltd. (GRSE), a defence public sector undertaking under the Ministry of Defence, has reported its highest-ever annual turnover of ₹6,400 crore for the financial year 2025–26 (provisional and unaudited). The company has also announced an interim dividend of 129% on its paid-up share capital, reflecting strong financial performance and operational execution. The shipbuilding company recorded significant growth compared to its turnover of ₹5,076 crore in FY 2024–25, supported by robust execution across naval and commercial projects. GRSE maintained momentum in its core warship construction segment while also expanding into diversified engineering and export opportunities. During FY26, [&hellip;]
- [The Magnum Ice Cream Company completes acquisition of 61.9 percent stake in Kwality Wall’s India](https://angelnews.in/stocknews/acquisition/magnum-ice-cream-company-acquires-61-9-percent-kwality-walls-india/): Kwality Wall’s (India) Limited announced that The Magnum Ice Cream Company (TMICC) has completed the acquisition of a 61.9% equity stake in the company. The transaction was executed under a share purchase agreement signed with Unilever on June 25, 2025. Following the completion of the deal, Kwality Wall’s India will continue to operate as a listed entity on both the BSE and NSE. The company will now function as a majority-owned subsidiary of TMICC, which is recognised as the world’s largest ice cream company. The acquisition marks a significant strategic move for TMICC to expand its footprint in India, one of [&hellip;]
- [Texmaco Rail Secures ₹357.11 Crore JSW Group Order for Wagon Manufacturing and Supply](https://angelnews.in/stocknews/order-wins/texmaco-rail-jsw-group-357-crore-wagon-order/): Texmaco Rail &amp; Engineering Limited has announced the receipt of a significant domestic order worth ₹357.11 crore from the JSW Group, reinforcing its position in India’s railway manufacturing sector. According to the company, the contract involves the manufacture and supply of multiple types of railway wagons, including BLSS, BLCS, and BFNV rakes, along with BVCM wagons. These wagons are typically used for specialized freight applications, indicating continued demand from industrial players for logistics and transportation infrastructure. The order has been awarded by JSW Group, one of India’s leading conglomerates with interests in steel, energy, and infrastructure. The project is classified as [&hellip;]
- [Blue Cloud Softech to Deploy AI Servers and Blura Saga Platform for Hyderabad Police](https://angelnews.in/stocknews/blue-cloud-softech-hyderabad-police-ai-order-blura-saga-platform/): Blue Cloud Softech Solutions Limited (BCSSL), a provider of AI-driven enterprise and digital infrastructure solutions, has received purchase orders from the Hyderabad City Police for deploying advanced AI platforms and IT infrastructure. The order includes the supply, installation, and commissioning of AI-enabled high-performance rack servers powered by GPU technology. In addition, the company will deploy “Blura Saga,” an AI-powered social media monitoring and intelligence platform designed for the Social Media Unit of Hyderabad City Police. The scope of work involves delivering advanced computing infrastructure along with AI-based analytics solutions aimed at enhancing data processing, intelligence gathering, and mission-critical operations. The deployment [&hellip;]
- [Premier Energies Commissions Advanced 5.6 GW Solar Module Plant in Seetharampur Telangana with TOPCon Technology](https://angelnews.in/stocknews/premier-energies-5-6-gw-solar-facility-11-1-gw-capacity-topcon-india/): Premier Energies Limited has announced the commissioning of a 5.6 GW solar module manufacturing facility in Seetharampur, Telangana. The plant has begun trial production and marks a significant expansion in the company’s manufacturing footprint. Spread across 75 acres, the facility is expected to create approximately 2,000 jobs, contributing to regional economic development while strengthening India’s renewable energy manufacturing ecosystem. With the addition of this unit, Premier Energies’ total solar module manufacturing capacity has reached 11.1 GW, reinforcing its position among India’s leading solar manufacturers. The newly commissioned facility features advanced and highly automated production lines capable of manufacturing G12R TOPCon (Tunnel [&hellip;]
- [LG Electronics India Installs Advanced AI Enabled HVAC System at PM Office Building Seva Teerth with 113 Outdoor Units](https://angelnews.in/stocknews/lg-electronics-india-vrf-hvac-seva-teerth-pm-office-1590-hp/): LG Electronics India (LGE India) has announced the successful deployment of advanced HVAC (heating, ventilation, and air conditioning) solutions at ‘Seva Teerth’, the newly inaugurated Prime Minister’s Office building in New Delhi. The project marks a significant milestone in India’s infrastructure modernization with a focus on energy-efficient climate control systems. The company installed a Variable Refrigerant Flow (VRF) air-conditioning system with a total capacity of 1,590 horsepower. The installation includes 113 outdoor units, engineered to deliver consistent cooling performance under demanding environmental conditions. The HVAC system was supplied from LG India’s manufacturing facility, reinforcing the company’s commitment to the government’s Make [&hellip;]
- [Tejas Networks delivers 17,000 IP MPLS routers for BharatNet Phase III across India](https://angelnews.in/stocknews/tejas-networks-17000-ip-mpls-routers-bharatnet-phase-3-india/): Tejas Networks Limited has announced the completion of a major milestone under the Government of India’s BharatNet Phase III initiative, with cumulative shipments exceeding 17,000 IP/MPLS routers. According to the company’s disclosure dated March 30, 2026, these routers are being deployed across 9 states and 5 union territories. The deployment is being executed by Project Implementation Agency (PIA) partners, with the equipment already carrying live traffic at multiple locations. The company stated that it will supply nearly 60,000 TJ1400 routers for BharatNet Phase III. These deployments are expected to cover over 55,000 Gram Panchayats and approximately 2,000 blocks across India, strengthening [&hellip;]
- [G R Infraprojects Wins ₹413.37 Crore EPC Contract from NTPC for BESS Project at Mouda Thermal Power Station](https://angelnews.in/stocknews/order-wins/gr-infraprojects-ntpc-bess-epc-contract-mouda-413-37-crore/): G R Infraprojects Limited has received a Notification of Award (NoA) from NTPC Limited for an Engineering Procurement and Construction (EPC) contract related to the implementation of a Battery Energy Storage System (BESS) at the Mouda Super Thermal Power Station. The total contract value stands at ₹413.37 crore, excluding GST. The project has been awarded on a domestic basis and reflects the company’s continued expansion in the power and energy infrastructure segment. Under the terms of the contract, G R Infraprojects will undertake end-to-end execution of the project on an EPC basis. The scope of work includes design, engineering, supply, installation, [&hellip;]
- [CMS Info Systems Announces ₹115 Crore Acquisition of FSS ATM Managed Services Business to Add 8,000 ATMs](https://angelnews.in/stocknews/acquisition/cms-info-systems-acquires-fss-atm-managed-services-business-115-crore/): CMS Info Systems Limited, one of India’s leading business services providers, has announced the acquisition of the ATM Managed Services business of Financial Software and Systems Private Limited (FSS) for a consideration of up to ₹115 crore. The transaction is subject to customary conditions and is expected to be completed in the first quarter of FY27. The acquisition involves the transfer of operating assets along with the novation of customer contracts. With this move, CMS aims to significantly strengthen its ATM management platform while expanding its presence in the banking services ecosystem. The transaction is expected to add approximately 8,000 ATM [&hellip;]
- [Thermax Subsidiary Bags ₹1,600 Crore Boiler Contract for 800 MW Thermal Power Project in Central India](https://angelnews.in/stocknews/order-wins/thermax-secures-1600-crore-boiler-package-order-800-mw-thermal-power/): Thermax Limited announced that its wholly owned subsidiary Thermax Babcock &amp; Wilcox Energy Solutions Limited has secured a major boiler package supply order worth approximately ₹1,600 crore. The contract is linked to a 1&#215;800 MW ultra supercritical thermal power project located in Central India. The order encompasses a comprehensive scope of work including manufacturing, supply, supervision of installation, and commissioning of the boiler package. It also includes performance testing to ensure operational efficiency and compliance with project specifications. The company stated that execution of the project will be aligned with predefined milestones and delivery schedules as outlined in the contract. This [&hellip;]
- [Blue Cloud Softech Secures Government Order to Deploy AI Infrastructure for Telangana Police CAT Team](https://angelnews.in/stocknews/blue-cloud-softech-hyderabad-police-ai-infrastructure-order-2026/): Blue Cloud Softech Solutions Limited (BCSSL), a provider of AI-driven enterprise and digital infrastructure solutions, has secured a work order from the Office of the Commissioner of Police, Hyderabad City. The order, dated March 25, 2026, involves the supply, installation, and commissioning of AI-enabled high performance computing infrastructure. The project focuses on deploying the company’s Access Genie BluEdge AI infrastructure, which includes rack servers and GPU-powered high performance workstations. These systems are intended to support the Central Analysis Team (CAT) of Telangana Police in handling advanced data processing and analytics requirements. The scope of the contract covers end-to-end implementation of enterprise-grade [&hellip;]
- [SEAMEC Limited Secures ₹329.92 Crore ONGC Contract for Samudra Prabha Vessel O&M Services](https://angelnews.in/stocknews/seamec-limited-secures-ongc-samudra-prabha-vessel-contract-329-92-crore/): SEAMEC Limited has announced that it has secured a significant offshore services contract from Oil and Natural Gas Corporation Limited (ONGC), reinforcing its position in India’s offshore oil and gas services sector. According to the company’s regulatory filing, ONGC issued a Notification of Award (NOA) on March 13 2026 to a consortium comprising SEAMEC Limited and Supreme Hydro Pvt Ltd. The contract pertains to the hiring of operation and maintenance (O&amp;M) services for ONGC’s offshore vessel MSV Samudra Prabha. The total contract value is estimated at approximately ₹329.92 crore inclusive of GST, indicating a sizeable addition to SEAMEC’s order book. The [&hellip;]
- [RailTel Wins ₹14.29 Crore Smart Classroom Project for 596 Schools in Himachal Pradesh](https://angelnews.in/stocknews/order-wins/railtel-smart-classroom-order-himachal-14-29-crore-596-schools/): RailTel Corporation of India Limited has secured a new domestic project from the Department of Education under the Samagra Shiksha initiative, according to an official regulatory filing. The company has received a Letter of Acceptance for the establishment of smart classrooms across government schools in Himachal Pradesh. The project involves the deployment of smart classroom infrastructure in 596 schools, aimed at enhancing digital learning capabilities and improving access to modern education tools. The initiative is part of the broader Samagra Shiksha programme, which focuses on integrated school education reforms. The total estimated value of the contract stands at ₹14.29 crore, inclusive [&hellip;]
- [Motherson and Hellmann Worldwide Sign JV to Establish Dubai Based Global Automotive Logistics Platform for 30000 Suppliers](https://angelnews.in/stocknews/joint-venture/motherson-hellmann-joint-venture-global-automotive-logistics-dubai/): Samvardhana Motherson International Limited announced the signing of a strategic joint venture agreement with Hellmann Worldwide Logistics to expand its presence in the global automotive logistics segment. The agreement was disclosed on March 25 2026 and marks a significant step in strengthening integrated supply chain capabilities for automotive customers worldwide. The joint venture between Motherson and Hellmann Worldwide Logistics (MESA) Holding Limited will be established in the Dubai International Financial Centre United Arab Emirates. The partnership aims to deliver advanced logistics solutions tailored to the evolving needs of the global automotive industry. Under the agreement the joint venture will provide end [&hellip;]
- [Avantel Secures ₹459.90 Crore Satellite Communication Equipment Supply Contract from Zetwerk](https://angelnews.in/stocknews/order-wins/avantel-secures-459-90-crore-satellite-communication-contract-zetwerk/): Avantel Limited has secured a rate contract valued at ₹459.90 crore for the supply of satellite communication equipment, marking a significant addition to its order book. The contract has been awarded by Zetwerk Manufacturing Businesses Limited and includes both equipment supply and long-term maintenance services. As part of the agreement, Avantel will provide satellite communication systems along with a comprehensive support package. The contract includes a one year onsite warranty followed by five years of Annual Maintenance Contract support, ensuring sustained service engagement beyond the initial delivery phase. The order has been categorized as a domestic contract and falls under manufacturing [&hellip;]
- [Waaree Energies Approves ₹3,900 Crore Capex for Glass Plant and Stake Increase in Waaree Transpower to 75.10%](https://angelnews.in/stocknews/waaree-energies-3900-crore-glass-plant-capex-stake-increase-waaree-transpower-75-percent/): Waaree Energies Limited has announced key strategic decisions following its board meeting held on March 24, 2026, including a significant capital expenditure plan and an increase in its stake in its subsidiary. The company approved a capital expenditure of ₹3,900 crore to establish a glass manufacturing facility under its wholly owned subsidiary, Waaree Green Glass Private Limited. The planned plant will have a production capacity of 2,500 tonnes per day and will support the company’s expanding renewable energy ecosystem. The investment will be financed through a combination of debt and internal accruals. In addition, Waaree Energies has approved the acquisition of [&hellip;]
- [SEPC Limited to Acquire 90% Stake in Abu Dhabi Based Avenir for ₹1,530 Crore to Expand Global Oil and Gas Engineering Presence](https://angelnews.in/stocknews/acquisition/sepc-acquires-90-percent-avenir-abu-dhabi-1530-crore-oil-gas-expansion/): SEPC Limited has announced the approval of its Board of Directors to acquire a 90% equity stake in Abu Dhabi-based Avenir International Engineers and Consultants LLC, marking a significant step in the company’s global expansion strategy. The acquisition is expected to enhance SEPC’s presence in the high-growth Oil and Gas engineering sector, particularly across the Middle East and North Africa region. The company aims to leverage Avenir’s established regional footprint and technical expertise to strengthen its international execution capabilities. Avenir International Engineers and Consultants LLC, founded in 2007 and headquartered in Abu Dhabi, specializes in Oil and Gas engineering, Front-End Engineering [&hellip;]
- [Suzlon Secures 100 MW Wind Order from GAIL in Nandurbar with 47 S120 Wind Turbines in Fourth PSU Deal of FY26](https://angelnews.in/stocknews/order-wins/suzlon-wins-100mw-sixth-order-gail-maharashtra-fy26/): Suzlon Energy Limited has secured its sixth repeat wind energy order of approximately 100 MW from Gas Authority of India Limited GAIL further strengthening its presence in the public sector undertaking segment. The development highlights Suzlon’s growing role in India’s renewable energy expansion and continued collaboration with major government backed entities. The project will be executed in the Nandurbar district of Maharashtra marking an expansion of Suzlon’s long standing partnership with GAIL across multiple states. This latest order also represents Suzlon’s fourth PSU order in the current financial year indicating strong momentum in government driven renewable energy projects. Suzlon will supply [&hellip;]
- [Jindal Steel increases Angul plant capacity from 6 MTPA to 12 MTPA and raises total capacity to 15.6 MTPA](https://angelnews.in/stocknews/jindal-steel-angul-expansion-12-mtpa-capacity-15-6-mtpa/): Jindal Steel Limited has announced the completion of its 6 million tonnes per annum (MTPA) expansion at its Angul Integrated Steel Complex in Odisha, significantly enhancing its production capabilities. The development takes the total crude steel capacity at the Angul facility to 12 MTPA, positioning it among the largest single-location integrated steel plants in India. The expansion milestone was achieved through the commissioning of the third Basic Oxygen Furnace (BOF-3) with a capacity of 3 MTPA, along with the operationalisation of BOF-2 and other associated facilities. These include coke ovens, a cold rolling mill (CRM) complex, and additional upstream and downstream [&hellip;]
- [PVR INOX Launches 3-Screen Multiplex at DLF Midtown Plaza West Delhi with 414 Seats](https://angelnews.in/stocknews/pvr-inox-launches-luxury-multiplex-dlf-midtown-plaza-west-delhi/): PVR INOX Limited has announced the launch of a new luxury three-screen multiplex at DLF Midtown Plaza in Moti Nagar, West Delhi. The development marks a strategic expansion aimed at strengthening the company’s footprint in key urban micro-markets across North India. The multiplex is positioned as a premium neighbourhood entertainment destination and is located near prominent residential hubs such as Punjabi Bagh, Kirti Nagar, and Rajouri Garden. The company stated that the property is expected to serve over 15,000 families in the surrounding areas. Premium Viewing Experience with Advanced Technology The newly launched multiplex houses three auditoriums with a total seating [&hellip;]
- [Vintage Coffee and Beverages Adds 4,500 MTPA Capacity in Telangana, Plans 5,500 MTPA Freeze-Dried Facility Near Hyderabad](https://angelnews.in/stocknews/vintage-coffee-beverages-expands-capacity-11000-mtpa-begins-4500-mtpa-production/): Vintage Coffee and Beverages Limited (VCBL) has announced the commencement of commercial production from its newly added 4,500 metric tons per annum (MTPA) capacity, effective March 23, 2026. The expansion has been completed as part of the company’s brownfield development at its wholly owned subsidiary’s instant coffee manufacturing facility in Telangana. With this commissioning, the company’s total installed capacity has increased significantly from 6,500 MTPA to 11,000 MTPA. This marks a major milestone in its growth strategy as it strengthens its position in the global instant coffee market. Production Mix and Capacity Utilisation Following the expansion, Vintage Coffee’s annual production capacity [&hellip;]
- [Euro Pratik Sales Approves ₹32.20 Crore Acquisition of 51% Stake in Chawla Brothers](https://angelnews.in/stocknews/acquisition/euro-pratik-sales-approves-32-20-crore-acquisition-of-chawla-brothers/): Euro Pratik Sales Limited has approved a proposal to acquire a 51 percent controlling stake in Chawla Brothers, a partnership firm engaged in decorative surface products, for a total consideration of ₹32.20 crore. The decision was taken at the company’s board meeting held on March 23, 2026. The company clarified that the acquisition is yet to be completed and is expected to be finalised by March 31, 2026. Acquisition Details and Financials of Target Entity Chawla Brothers operates in the wholesale and retail segment of wall panels, laminates, veneer, plywood, and related decorative products. The firm reported a turnover of ₹49.50 [&hellip;]
- [Tata Steel Launches India’s First Scrap-Based EAF Plant in Ludhiana with ₹3,200 Crore Investment](https://angelnews.in/latestnews/tata-steel-scrap-based-electric-arc-furnace-ludhiana-india/): Tata Steel has inaugurated India’s first scrap-based Electric Arc Furnace (EAF) at its Hi-Tech Valley facility in Ludhiana, marking a significant milestone in the company’s transition towards sustainable steelmaking. The development reflects the company’s strategic focus on reducing carbon emissions and adopting circular economy practices. The project, developed with an investment of approximately ₹3,200 crore, has an annual production capacity of 0.75 million tonnes. The plant is designed to achieve carbon dioxide emissions of less than 0.3 tonnes per tonne of steel, significantly lower than traditional steelmaking processes. This positions the facility as a key contributor to Tata Steel’s broader goal [&hellip;]
- [Angel One Declares ₹1.75 per Share Interim Dividend for FY 2025–26 with March 27 Record Date](https://angelnews.in/stocknews/dividend/angel-one-interim-dividend-fy26-record-date-march-27/): Angel One Limited has approved a second interim dividend for the financial year 2025–26, according to a regulatory filing submitted to stock exchanges. The decision was taken by the company’s Board of Directors through a circular resolution dated March 20, 2026. The company has declared an interim dividend of ₹1.75 per equity share, each having a face value of ₹1. This follows the earlier announcement made on March 16, 2026, where the board had indicated that it would consider the declaration of an interim dividend. Angel One has fixed March 27, 2026, as the record date to determine the eligibility of [&hellip;]
- [Aerpace Industries Launches Pune R&D and Manufacturing Hub Targeting 2000 Solar Panels Daily Output](https://angelnews.in/sme-stock-news/aerpace-industries-pune-facility-solar-drone-manufacturing-2026/): Aerpace Industries Limited has announced the operational activation of its integrated research and development and manufacturing facility in the Chakan Industrial Region of Pune. The update, disclosed through a regulatory filing, marks the company’s transition from infrastructure readiness to active execution across its renewable energy and defence manufacturing verticals. The company stated that a soft launch event was conducted at the facility, along with an internal strategic alignment session involving employees across departments. The session focused on aligning teams with the company’s long-term vision of building a sustainable and self-sufficient ecosystem powered by advanced technologies and clean energy. Aerpace confirmed that [&hellip;]
- [RNIT AI Solutions Secures Telangana Government Orders for AI-Based Attendance Systems Covering 10 Lakh Users](https://angelnews.in/sme-stock-news/rnit-ai-solutions-telangana-ai-attendance-orders-10-lakh-users/): RNIT AI Solutions Limited has received multiple work orders from Telangana Technology Services Limited (TGTS), a Government of Telangana undertaking, for the implementation and maintenance of AI-based facial recognition attendance management systems across the state. The awarded projects involve deploying AI-powered attendance systems across various government education departments in Telangana. These include the State Board of Technical Education and Training (SBTET), ITI institutions, and the Collegiate Education Department. The initiative is part of the state’s broader push toward strengthening e-governance and improving administrative efficiency through digital technologies. According to the company, the deployment will cover approximately 10,00,000 users across Telangana, indicating [&hellip;]
- [Nazara Technologies Targets 22 Million Active Users with USD 100.3 Million Bluelite and BestPlay Acquisition](https://angelnews.in/stocknews/acquisition/nazara-technologies-bluelite-bestplay-acquisition-100-million-ai-gaming/): Nazara Technologies Limited has announced the acquisition of a 50% controlling equity stake in Europe-based mobile gaming company Bluelite Games and engagement platform BestPlay Systems for a total consideration of USD 100.3 million (approximately INR 918 crores). The acquisition will be executed through Nazara’s wholly owned subsidiary, Nazara Technologies UK Limited. The transaction positions Nazara to strengthen its global gaming footprint by integrating AI-driven development, content distribution, and user engagement capabilities into its ecosystem. Massive Gaming Portfolio Expansion with Global User Base Bluelite operates a diversified portfolio of casual and social mobile games, including popular titles such as Yatzy, Domino Legends, [&hellip;]
- [Waaree Energies Becomes Main Principal Partner of Rajasthan Royals for IPL 2026](https://angelnews.in/stocknews/waaree-energies-becomes-main-principal-partner-of-rajasthan-royals-for-ipl-2026/): Waaree Energies Limited has entered into a strategic partnership with Rajasthan Royals, becoming the Main Principal Partner for the upcoming cricket season. As part of the agreement, the company’s brand logo will be prominently displayed on the front of the team’s official matchday jerseys as well as training kits. The collaboration brings together a leading renewable energy company and one of India’s prominent cricket franchises, highlighting a shared focus on innovation, sustainability, and large-scale public engagement. The partnership aims to leverage cricket’s widespread appeal to promote awareness around clean energy and environmental responsibility. Waaree Energies, established in 1990, has built a [&hellip;]
- [Bosch and Tata Autocomp Announce 50:50 Joint Venture for E-Axles and Electric Motors](https://angelnews.in/stocknews/joint-venture/bosch-tata-autocomp-joint-venture-ev-india/): Bosch Limited has announced that its Board of Directors has approved a proposal to enter into a joint venture with Tata Autocomp Systems Limited to strengthen its presence in the electric mobility segment in India. The proposed joint venture will be established as a 50:50 partnership between the two companies. The new entity will focus on the manufacture, sale, and after-sales service of e-axles and electric traction motors, along with other related products that may be introduced in the future as per market requirements. As per the disclosure, the joint venture will have a proposed equity share capital of up to [&hellip;]
- [Godrej Properties Acquires 20 Acre Land Near Whitefield Bengaluru for Housing Project with ₹1,350 Crore Revenue Potential](https://angelnews.in/stocknews/godrej-properties-20-acre-land-whitefield-bengaluru-1350-crore-project/): Godrej Properties Limited (GPL) has announced the acquisition of an approximately 20-acre land parcel in East Bengaluru, marking a strategic expansion in one of the city’s most active residential corridors. The company plans to develop a premium residential project on the site, with an estimated revenue potential of around ₹1,350 crore. This move is expected to further strengthen its footprint in Bengaluru’s high-demand housing market. The land parcel is located near NH-648 Main Road, within the broader Whitefield growth corridor. The area is well-established as a residential and commercial hub, supported by strong infrastructure and proximity to major employment centres, particularly [&hellip;]
- [KPI Green Energy Limited Secures ₹979 Crore Loan from Canara Bank for 150 MW Gujarat Wind Project](https://angelnews.in/stocknews/kpi-green-energy-979-crore-canara-bank-loan-150mw-gujarat-wind-project/): KPI Green Energy Limited has secured a financial sanction of ₹979 crore from Canara Bank to support the development of its 150 MW wind power project in Gujarat. The funding comprises a ₹931 crore fresh rupee term loan and a ₹48 crore bank guarantee facility. The company is executing the project as an Independent Power Producer, further strengthening its renewable energy portfolio. The wind project will be developed across Bharuch and Bhavnagar districts in Gujarat and is backed by long-term revenue visibility through 25-year Power Purchase Agreements with Gujarat Urja Vikas Nigam Limited. The total project cost is estimated at ₹1,241.68 [&hellip;]
- [Puravankara Subsidiary Starworth Infrastructure Wins ₹280.35 Crore VIT Vellore Academic Block Project](https://angelnews.in/stocknews/order-wins/puravankara-starworth-infrastructure-280-crore-vit-vellore-project/): Puravankara Limited announced that its wholly owned subsidiary, Starworth Infrastructure &amp; Construction Limited (SICL), has received a Letter of Intent (LOI) for a major construction project valued at ₹280.35 crore. The order has been awarded by the Vellore Institute of Technology (VIT), one of India’s leading private universities. The project involves the construction of the Ruby Block (Academic Block) Phase I at the VIT campus located in Vellore, Tamil Nadu. According to the company’s regulatory filing, the total accepted contract value stands at ₹280.35 crore, excluding Goods and Services Tax (GST). The contract has been categorized as an item rate contract [&hellip;]
- [Basilic Fly Studio Wins ₹105 Crore Hollywood VFX Projects as FY27 Bidding Pipeline Expands to ₹700 Crore](https://angelnews.in/sme-stock-news/basilic-fly-studio-wins-rs105-crore-hollywood-vfx-projects-fy27/): Basilic Fly Studio Limited (BFS), a visual effects (VFX) company serving global studios and streaming platforms, has announced that it has secured new international projects worth approximately ₹105 crore (around GBP 8.2 million) during the year-to-date period of FY27. The company also said its bidding pipeline has expanded to a record ₹700 crore (around GBP 55 million), providing greater revenue visibility for the financial year. According to the company, the newly secured contracts represent nearly 25% of its FY26 reported revenue. The projects are scheduled to commence in August 2026, with delivery expected to be completed within FY27. The newly awarded [&hellip;]
- [Sahana System Approves 1:5 Bonus Issue and Plans New Semiconductor Subsidiary in India](https://angelnews.in/sme-stock-news/sahana-system-1-for-5-bonus-issue-new-semiconductor-subsidiary-india/): Sahana System Limited has approved a series of key corporate decisions at its Board of Directors meeting held on August 3, 2026, including a 1:5 bonus share issue, the relocation of its registered office within Ahmedabad, and the incorporation of a new semiconductor-focused subsidiary in India. The company informed the National Stock Exchange (NSE) that the board approved the allotment of 17,67,421 fully paid-up bonus equity shares with a face value of ₹10 each. The bonus issue will be carried out in the ratio of one new equity share for every five existing fully paid-up equity shares held by eligible shareholders [&hellip;]
- [China's Alibaba Unveils Qwen 3.8-Max 2.4 Trillion-Parameter AI Model and Announces Open-Weight Release Next Week](https://angelnews.in/ai-news/alibaba-qwen-3-8-max-2-4-trillion-parameter-ai-model-open-weight-release/): Alibaba&#8217;s Qwen team has introduced Qwen 3.8-Max, describing it as the most capable model in the Qwen family to date. The company also announced that the open weights of Qwen 3.8-Max will be released next week, while Qwen3.8-27B will also become available as an open-weight model. According to the company, Qwen 3.8-Max is built on the architectural foundation of Qwen 3.5 and scales to 2.4 trillion parameters, with 95 billion active parameters. The model is designed to improve performance across coding, research, workplace productivity, and long-horizon reasoning tasks, while supporting end-to-end execution of complex workflows. Alibaba said Qwen 3.8-Max is now [&hellip;]
- [Park Medi World to Acquire Mehar Mediserve LLP for Around ₹107 Crore to Expand Hospital Network](https://angelnews.in/stocknews/acquisition/park-medi-world-to-acquire-mehar-mediserve-llp-for-around-107-crore/): Park Medi World Limited has announced the acquisition of 100% stake in Mehar Mediserve LLP, the operator of Mehar Hospital in Zirakpur, Punjab, for an estimated consideration of approximately ₹107 crore. The company disclosed the transaction under SEBI&#8217;s Listing Obligations and Disclosure Requirements (LODR) Regulations. According to the filing, the acquisition is aimed at strengthening Park Medi World&#8217;s healthcare network while creating operational synergies and achieving economies of scale through the strategic deployment of assets in high-potential markets. The transaction is not classified as a related-party transaction. The target entity, Mehar Mediserve LLP, operates in the healthcare and hospital sector. For [&hellip;]
- [CDSL Q1 FY27 Results: Consolidated Net Profit Rises 15% YoY to ₹118 Crore, Total Income Climbs 15% YoY to ₹341 Crore, Demat Accounts Cross 18.59 Crore](https://angelnews.in/stocknews/results/cdsl-q1-fy27-results-net-profit-rises-15-yoy-total-income-up-15-yoy/): Central Depository Services (India) Limited (CDSL) reported its audited financial results for the quarter ended June 30, 2026, with the company posting growth in both consolidated total income and net profit on a year-on-year basis. India&#8217;s first listed depository also crossed a major milestone of more than 18.59 crore demat accounts during the quarter. On a consolidated basis, CDSL reported total income of ₹341 crore for the first quarter of FY27, registering a 15% increase compared with ₹295 crore in the corresponding quarter of the previous financial year. Sequentially, total income rose 27% from ₹268 crore reported in Q4 FY26. Consolidated [&hellip;]
- [Anthropic Finds 3 Claude AI Security Incidents After Reviewing 141,006 Cybersecurity Test Runs, Including Access to 3 Real Organizations and 15 Systems Affected](https://angelnews.in/ai-news/anthropic-claude-ai-real-world-cybersecurity-testing-incidents-141006/): Anthropic has disclosed that three of its Claude AI models unintentionally accessed and compromised the production infrastructure of three separate organizations during internal cybersecurity evaluations, following a configuration error that left testing environments connected to the public internet. The company said the incidents occurred during capture-the-flag (CTF) security exercises and were discovered during a retrospective review initiated after OpenAI reported a similar AI security incident. According to Anthropic, a review of 141,006 cybersecurity evaluation runs identified three separate incidents involving six evaluation runs. In each case, Claude was instructed that it was operating in a simulated environment with no internet access. [&hellip;]
- [PVR INOX Opens New 3-Screen Multiplex at Mall 11 in Jabalpur Taking Its Network to 1,782 Screens](https://angelnews.in/latestnews/pvr-inox-opens-new-3-screen-multiplex-at-mall-11-in-jabalpur/): PVR INOX Limited has expanded its footprint in Central India with the launch of a new three-screen premium multiplex at Mall 11 in Jabalpur, Madhya Pradesh. The company said the new property strengthens its presence in emerging Tier II cities and increases its overall network to 1,782 screens across 355 properties in 113 cities in India and Sri Lanka. The newly opened cinema features three premium auditoriums with a combined seating capacity of 659 luxury recliner seats. The multiplex is equipped with 2K projection, Dolby 7.1 surround sound and next-generation 3D technology to enhance the movie-viewing experience. Located in the Madan [&hellip;]
- [HFCL Secures ₹441.53 Crore Export Order for Optical Fiber Cables from International Customer](https://angelnews.in/stocknews/order-wins/hfcl-secures-rs-441-53-crore-export-order-optical-fiber-cables/): HFCL Ltd has secured an export order worth approximately USD 46.13 million (around ₹441.53 crore) for the supply of optical fiber cables (OFC) to an international customer through its overseas wholly owned subsidiary. The order has been awarded by an international customer under general contract conditions. The contract covers the supply of optical fiber cables as per the customer&#8217;s specifications. HFCL stated that the order will be executed by January 2027. The company said the export order reinforces the confidence global customers have in its manufacturing capabilities, technological expertise and product quality. The contract has been received in the normal course [&hellip;]
- [GRSE Q1 FY27 Results: Revenue Jumps 38.53% YoY to ₹1,815 Crore and PAT Rises 43.83% YoY to ₹173 Crore](https://angelnews.in/stocknews/results/grse-q1-fy27-results-revenue-rs1815-crore-pat-rs173-crore/): Garden Reach Shipbuilders &amp; Engineers Ltd. (GRSE), a Navratna public sector undertaking under the Ministry of Defence, has announced its financial results for the first quarter of FY27, reporting strong year-on-year growth in revenue, profitability and operational performance. The company posted revenue of ₹1,814.62 crore and profit after tax (PAT) of ₹172.84 crore for the quarter ended June 30, 2026. The company&#8217;s revenue increased 38.53% year-on-year from ₹1,309.87 crore in the corresponding quarter of FY26. Total income also registered healthy growth, rising 38.47% to ₹1,914.18 crore compared with ₹1,382.42 crore in the year-ago period. The performance reflects continued execution across the [&hellip;]
- [RCF and GAIL Sign MoU to Develop 1.27 MMTPA Gas-Based Urea Fertilizer Plant in Maharashtra](https://angelnews.in/stocknews/mou/rcf-gail-mou-1-27-mmtpa-gas-based-urea-fertilizer-plant-maharashtra-spv/): Rashtriya Chemicals and Fertilizers Limited (RCF) and GAIL (India) Limited have signed a Memorandum of Understanding (MoU) to jointly establish a gas-based urea fertilizer project in Maharashtra. The proposed project will be implemented through a Special Purpose Vehicle (SPV) jointly formed by RCF and GAIL. The initiative is aimed at setting up a new gas-based fertilizer manufacturing facility in the state. The proposed urea production plant will have a planned capacity of 1.27 million metric tonnes per annum (MMTPA). It is proposed to be located in the Vidarbha region of Maharashtra, along GAIL&#8217;s Mumbai–Nagpur–Jharsuguda Natural Gas Pipeline (MNJPL), providing access to [&hellip;]
- [SML Mahindra Approves ₹525 Crore Acquisition of Mahindra Truck & Bus Division to Create Unified Commercial Vehicle Business](https://angelnews.in/stocknews/acquisition/sml-mahindra-approves-rs-525-crore-acquisition-of-mahindra-truck-and-bus-division/): SML Mahindra Limited has approved the acquisition of Mahindra &amp; Mahindra Limited&#8217;s Truck and Bus Division (MTBD) on a slump sale basis for a cash consideration of ₹525 crore. The transaction is aimed at consolidating Mahindra Group&#8217;s truck and bus operations under a single listed entity, creating a unified commercial vehicle business spanning light, intermediate, and heavy commercial vehicles. The approval was granted by the Board of Directors at its meeting held on July 29, 2026, following the recommendation of the Audit Committee. The acquisition will be executed through a Business Transfer Agreement (BTA), subject to shareholder approval and satisfaction of [&hellip;]
- [Shyam Metalics Commissions 1.5 MTPA Beneficiation Plant in Odisha With ₹150 Crore Investment](https://angelnews.in/stocknews/shyam-metalics-1-5-mtpa-beneficiation-plant-odisha-rs-150-crore/): Shyam Metalics and Energy Limited (SMEL) has announced the successful commissioning of its new 1.5 million tonnes per annum (MTPA) beneficiation plant at Sambalpur, Odisha. The company said the project has been developed with a capital investment of ₹150 crore and is aimed at upgrading low-grade iron ore into high-quality feedstock for downstream operations. According to the company, the newly commissioned facility is expected to improve raw material utilisation, enhance operational efficiency, and support profitability by reducing dependence on externally sourced feedstock. The beneficiation plant is now fully operational and processes low-grade iron ore into premium-grade material for use across the [&hellip;]
- [Dynacons Systems Secures ₹267.58 Crore NPCI Data Centre Infrastructure Contract with Seven-Year Support Commitment](https://angelnews.in/stocknews/order-wins/dynacons-systems-npci-data-centre-infra-contract-rs-267-58-crore/): Dynacons Systems &amp; Solutions Limited has announced that it has secured a work order worth ₹267.58 crore (excluding GST) from the National Payments Corporation of India (NPCI) for data centre augmentation and enterprise server infrastructure. The contract covers the supply, installation, testing and commissioning of enterprise server infrastructure to be deployed at NPCI data centres. The project also includes comprehensive maintenance and support services for a period of seven years, along with a 24x7x365 support commitment and warranty. According to the filing, the order has been awarded by NPCI, a domestic entity responsible for operating India&#8217;s digital payments infrastructure. The contract [&hellip;]
- [Suzlon Energy Q1 FY27 Results: Revenue Rises 23% YoY to ₹3,819 Crore as Company Reports ₹305 Crore Net Profit](https://angelnews.in/stocknews/results/suzlon-energy-q1-fy27-results-revenue-rises-23-yoy-to-3819-crore/): Suzlon Energy Ltd. reported a 23% year-on-year increase in consolidated revenue for the first quarter of FY27, supported by record quarterly deliveries, higher project execution, and new order wins. The renewable energy company posted revenue from operations of ₹3,819 crore for the quarter ended June 30, 2026, compared with ₹3,117 crore in the corresponding quarter of the previous year. The company reported a consolidated net profit of ₹305 crore in Q1 FY27, compared with ₹324 crore in Q1 FY26. EBITDA stood at ₹595 crore, while the EBITDA margin was 15.6%. Profit before tax (PBT) came in at ₹389 crore during the [&hellip;]
- [Z-Tech India Secures ₹12 Crore Lucknow Development Authority Order for Gomti Riverfront Children's Theme Park](https://angelnews.in/stocknews/order-wins/z-tech-india-lucknow-development-authority-gomti-riverfront-theme-park-order-12-crore/): Z-Tech India Limited has secured a contract from the Lucknow Development Authority (LDA) for the design, construction and operation of a children&#8217;s theme park at the Gomti Riverfront in Lucknow, Uttar Pradesh. The company disclosed the development in a regulatory filing with the National Stock Exchange (NSE) on July 28, 2026. According to the company, the project will be executed under a Fixed Fee Model and includes Operation and Maintenance (O&amp;M) for 20 years. The total estimated project capital cost is ₹12 crore, excluding GST. Project to Be Developed Under a Public-Private Funding Model The company said the approved capital expenditure [&hellip;]
- [Tata Power Q1 FY27 Profit Rises 11% to ₹1,401 Crore as Revenue Reaches ₹18,898 Crore and Quarterly Capex Hits Record ₹5,375 Crore](https://angelnews.in/stocknews/results/tata-power-q1-fy27-results-pat-rises-revenue-record-capex/): Tata Power reported an 11% year-on-year increase in consolidated profit after tax (PAT) for the first quarter of FY27, supported by growth across its generation, transmission, distribution, renewable energy and manufacturing businesses. The company also recorded its highest-ever quarterly capital expenditure as it continued expanding its clean energy and power infrastructure portfolio. For the quarter ended June 30, 2026, Tata Power posted a consolidated PAT of ₹1,401 crore, compared with ₹1,262 crore in the corresponding quarter last year. Consolidated revenue rose 8% year-on-year to ₹18,898 crore, while EBITDA increased 8% to ₹4,249 crore. The company said operational performance remained supported by [&hellip;]
- [Rhetan TMT Secures BIS Certification for Fe500D Fe550 and Fe550D TMT Bars and Expands Government Infrastructure Opportunities](https://angelnews.in/stocknews/rhetan-tmt-bis-certification-fe500d-fe550-fe550d-government-infrastructure-projects/): Rhetan TMT Limited has secured Bureau of Indian Standards (BIS) certification for its premium high-strength Thermo Mechanically Treated (TMT) steel bars in the Fe500D, Fe550 and Fe550D grades. The certification enables the company to manufacture these grades and supply them for government and public sector infrastructure projects across India. The company disclosed the development in an exchange filing on July 27, describing the certification as a significant milestone in its growth strategy and product portfolio expansion. According to the company, the newly certified grades are designed for high-strength and high-ductility applications and are commonly specified for highways, bridges, dams, metro rail [&hellip;]
- [Sigma Advanced Systems Secures ₹1,013 Crore Export Order for 155mm Extended-Range Artillery Shells](https://angelnews.in/stocknews/order-wins/sigma-advanced-systems-rs-1013-crore-export-order-155mm-artillery-shell/): Sigma Advanced Systems Ltd. has secured an export order worth USD 104.9 million (approximately ₹1,013 crore) from a North American customer for the manufacture and supply of 147,000 units of 155mm extended-range base bleed artillery shell bodies. The company said the order is expected to be executed over the next six to 12 months. The export contract marks one of the company&#8217;s significant international defence manufacturing orders and supports its growing presence in the global artillery ammunition supply chain. According to Sigma Advanced Systems, the contract is expected to contribute to future revenue and EBITDA margins. The company stated that it [&hellip;]
- [HCLTech to Set Up ₹14,257 Crore AI Data Center in Odisha With Sarvam AI and State Government](https://angelnews.in/ai-news/hcltech-odisha-ai-data-center-sarvam-government-investment-14257-crore/): HCLTech has announced plans to establish its first artificial intelligence (AI) Data Center in Bhubaneswar, Odisha, in partnership with AI company Sarvam and the Government of Odisha. The proposed project involves a planned capital outlay of ₹14,257 crore and marks another step in the company&#8217;s expansion into India&#8217;s AI infrastructure ecosystem. The announcement follows HCLTech&#8217;s earlier disclosure on July 13, 2026, regarding its proposed entry into the full-stack AI market. According to the company, the AI Data Center will be developed within the upcoming Odisha Sovereign AI Park. The project will be implemented jointly by HCLTech, Sarvam and the Odisha government. [&hellip;]
- [S&S Power Switchgear Secures Over ₹8 Crore Siemens Energy India Order for Maharashtra KCC Wagdari Project](https://angelnews.in/sme-stock-news/ss-power-switchgear-siemens-energy-india-isolator-supply-order-8-crore/): S&amp;S Power Switchgear Limited has announced that its wholly owned subsidiary, S&amp;S Power Switchgear Equipment Limited (SSPSE), has received a purchase order from Siemens Energy India Limited for the supply of isolators for the KCC Wagdari package in Maharashtra. According to the filing, the contract is valued at more than ₹8 crore and relates to the supply of isolators for the Maharashtra-based KCC Wagdari project. The company stated that the order further strengthens its business relationship with Siemens Energy India. The execution of the contract is scheduled for the next financial year. S&amp;S Power Switchgear said the order has been awarded [&hellip;]
- [OpenAI Says Its Most Advanced AI Models Broke Out of a Controlled Test Environment, Reached the Internet and Executed Multi-Step Cyberattacks on Hugging Face](https://angelnews.in/global-markets/openai-advanced-ai-models-hacked-hugging-face-cyberattack-1/): OpenAI and Hugging Face have disclosed details of a cybersecurity incident that occurred during an internal evaluation of advanced AI models, highlighting the growing cyber capabilities of frontier artificial intelligence systems. The companies said the incident happened in a controlled research environment and did not involve customer systems or production deployments. According to OpenAI, the incident involved a combination of its latest AI models, including GPT-5.6 Sol and a more advanced unreleased model that had reduced cyber safety refusals for research purposes. The models were being tested on ExploitGym, a benchmark designed to evaluate advanced cybersecurity capabilities. OpenAI described the event [&hellip;]
- [KPI Green Energy Commissions 200 MW Solar Power Plant for Coal India at Khavda in Gujarat](https://angelnews.in/stocknews/kpi-green-energy-200-mw-solar-power-plant-coal-india-khavda-gujarat/): KPI Green Energy Limited has announced the successful commissioning of a 200 MW (AC) / 269 MW (DC) solar power plant developed for Coal India Limited at the GPICL Solar Park in Khavda, Gujarat. The project has been certified by the Gujarat Energy Development Agency (GEDA), according to the company&#8217;s regulatory filing dated July 20, 2026. The newly commissioned capacity forms part of a larger 300 MW (AC) / 405 MW (DC) grid-connected ground-mounted solar photovoltaic (PV) project that KPI Green Energy is executing on an Engineering, Procurement and Construction (EPC) basis for Coal India Limited. With the commissioning of the [&hellip;]
- [Smartworks Expands L&T Technology Services Partnership With 1,100+ New Seats in Pune and Targets ₹115 Crore Rental Revenue](https://angelnews.in/stocknews/smartworks-ltts-pune-1100-seats-rental-revenue-115-crore/): Smartworks Coworking Spaces Limited has expanded its long-standing engagement with L&amp;T Technology Services (LTTS) by adding more than 1,100 managed office seats in Pune. The expansion increases LTTS&#8217; managed office portfolio with Smartworks to over 2,750 seats across multiple cities, according to the company&#8217;s exchange filing dated July 20, 2026. The company said the latest addition strengthens its presence in the enterprise managed workspace segment while supporting LTTS&#8217; growing requirements in artificial intelligence (AI), digital engineering, and engineering research and development (ER&amp;D) services. Smartworks stated that the combined expected rental revenue from the expanded locations is estimated at approximately ₹115 crore. [&hellip;]
- [China's Kimi AI Unveils K3 Model With 2.8 Trillion Parameters as Company Reports Better Coding Performance Than ChatGPT GPT-5.6 Sol and Claude Fable 5](https://angelnews.in/global-markets/kimi-k3-launch-2-8-trillion-parameters-chatgpt-claude-benchmarks/): Kimi.ai has introduced Kimi K3, its latest frontier artificial intelligence model, highlighting significant advances in long-context reasoning, coding, multimodal understanding, and autonomous AI agent capabilities. According to the company, Kimi K3 is built using a 2.8 trillion-parameter Mixture-of-Experts (MoE) architecture and supports a context window of up to one million tokens. The company said the model is designed to handle complex coding tasks, long-document reasoning, visual understanding, and self-evolving AI workflows. Kimi K3 is currently available through Kimi.com, Kimi Work, Kimi Code, and the Kimi API, while open-weight versions are scheduled for release on July 27, 2026. Kimi.ai stated that Kimi [&hellip;]
- [YES Bank Q1 FY27 Results: Net Profit Jumps 33.7% YoY to ₹1,071 Crore as NII Rises 17.5% YoY](https://angelnews.in/stocknews/results/yes-bank-q1-fy27-results-net-profit-jumps-33-7-percent-yoy-1071-crore/): YES Bank reported strong financial results for the first quarter of FY27, with net profit rising 33.7% year-on-year (YoY) to ₹1,071 crore. The bank also recorded growth in net interest income (NII), advances and deposits, while asset quality improved compared with the corresponding quarter of the previous year. Net interest income (NII) increased 17.5% YoY and 5.6% quarter-on-quarter (QoQ) to ₹2,786 crore. Total net income rose 11.2% YoY and 5.0% QoQ to ₹4,584 crore, while operating profit climbed 25.5% YoY and 5.3% QoQ to ₹1,704 crore. Net interest margin (NIM) improved 20 basis points YoY and remained stable QoQ at 2.7%. [&hellip;]
- [Shyam Metal and Energy Starts Commercial Production at Odisha Aluminium Foil Plant with 18,000 TPA Capacity](https://angelnews.in/stocknews/shyam-metal-production-odisha-aluminium-foil-plant-18000-tpa-capacity/): Shyam Metal and Energy Limited has announced the commencement of commercial production at its aluminium foil manufacturing facility in Sambalpur, Odisha. The company informed the stock exchanges that commercial operations began on July 16, 2026, through its step-down subsidiary, SMEL Steel Structural Pvt. Ltd. The newly commissioned facility manufactures premium-grade aluminium foil with a thickness range of 6 to 40 microns. The plant has an installed production capacity of 18,000 tonnes per annum (TPA) and is part of the company&#8217;s broader aluminium downstream expansion strategy. Shyam Metal stated that it is investing around ₹800 crore in aggregate for its aluminium downstream [&hellip;]
- [ITI Limited Secures ₹856.39 Crore BSNL Order for 4G Network Expansion in West India](https://angelnews.in/stocknews/order-wins/iti-limited-bsnl-4g-network-expansion-order-rs-856-39-crore/): State-owned telecom equipment manufacturer ITI Limited has secured a work order worth ₹856.39 crore from Bharat Sanchar Nigam Limited (BSNL) for the expansion of its 4G mobile network across the West Zone. The project covers planning, engineering, supply, installation, testing and commissioning of 4G mobile network infrastructure at 7,613 sites on a turnkey basis. The latest order follows the successful completion of an earlier Phase IX 4G deployment project executed by ITI Limited in partnership with Tata Consultancy Services (TCS). The previous contract, valued at ₹264 crore, involved the deployment of 4G mobile network infrastructure across 23,633 sites in the BSNL [&hellip;]
- [EQUIPPP Signs MoU with Telangana Legislature Secretariat to Establish 119 Constituency Development Foundations](https://angelnews.in/sme-stock-news/equippp-telangana-legislature-secretariat-mou-119-constituency/): EQUIPPP Social Impact Technologies Limited has signed a Memorandum of Understanding (MoU) with the Telangana State Legislature Secretariat to establish, operate and eventually transfer 119 Constituency Development &amp; Sustainability Bridge Foundations, with one foundation planned for each Assembly constituency across Telangana. According to the company, the proposed Foundations will function as independent non-profit Section 8 organizations focused on constituency development and sustainability. They are intended to serve as collaboration platforms connecting Members of the Legislative Assembly (MLAs), government departments, technology partners, corporate CSR foundations, philanthropies, investors, academic institutions, non-governmental organizations (NGOs), and diaspora networks. Under the framework, MLAs will serve as [&hellip;]
- [Angel One Q1 FY27 Results: Revenue Rises 25.4% YoY to ₹1,434 Crore as Net Profit Surges 102.1% YoY to ₹231 Crore](https://angelnews.in/stocknews/results/angel-one-q1-fy27-results-net-profit-rises-102-percent/): Angel One Ltd reported strong financial performance for the first quarter of FY27, driven by higher trading activity, growth in client assets, expansion of its wealth management business, and improved operating margins. The fintech and broking company posted robust year-on-year growth in revenue and profitability for the quarter ended June 30, 2026. On a consolidated basis, the company&#8217;s total gross revenue increased 25.4% year-on-year to ₹1,433.7 crore during Q1 FY27, while reported EBITDA rose 85.1% to ₹359.7 crore. EBITDA margin improved to 32.7%, reflecting stronger operating efficiency. Consolidated profit after tax (PAT) more than doubled, rising 102.1% year-on-year to ₹231.4 crore. [&hellip;]
- [TCS Joins US$19 Billion New York JFK Airport Redevelopment as Technology Partner for New Terminal One](https://angelnews.in/worldnews/tcs-us19-billion-jfk-airport-redevelopment-new-terminal-one/): Tata Consultancy Services (TCS) has been selected as the technology and innovation partner for New Terminal One at John F. Kennedy International Airport (JFK) in New York. The partnership is aimed at supporting the terminal&#8217;s digital transformation and enhancing operational efficiency and passenger experience through advanced technology solutions. As part of the collaboration, TCS will provide technology services across the new international terminal, including digital infrastructure, passenger processing systems, IT operations, enterprise applications, infrastructure management, and cybersecurity. The company will also support the integration of artificial intelligence and automation to improve airport operations. The New Terminal One project forms a key [&hellip;]
- [Sigma Advanced Systems to Acquire UK's Bromford Precision Solutions for ₹153 Crore to Strengthen Global Aerospace Manufacturing](https://angelnews.in/stocknews/acquisition/sigma-advanced-systems-acquires-bromford-precision-solutions-rs-153-crore/): Hyderabad-based Sigma Advanced Systems Limited has announced the acquisition of 100% equity stake in UK-based Bromford Precision Solutions Limited for approximately GBP 11.89 million (around ₹153 crore). The acquisition is aimed at expanding the company&#8217;s global aerospace and defence manufacturing capabilities and strengthening its presence in the Rolls-Royce supply chain. The transaction, which is subject to customary closing conditions, is expected to be completed by the end of July 2026 or within six weeks of signing, according to the company&#8217;s regulatory filing. The acquisition has been structured as a cash consideration and values Bromford at an enterprise value multiple of approximately [&hellip;]
- [Telangana CM Revanth Reddy Inaugurates Premier Energies' 5.6 GW Solar Module Plant and Launches 6 GWh BESS Project](https://angelnews.in/indianews/telangana-news/premier-energies-inaugurates-5-6-gw-solar-module-facility-starts-6-gwh-bess/): Premier Energies Limited has inaugurated its new 5.6 GW solar module manufacturing facility at Seetharampur in Rangareddy district, Telangana, marking a significant expansion of its solar manufacturing operations. The company also conducted the groundbreaking ceremony for its upcoming 6 GWh Battery Energy Storage System (BESS) facility and an aluminium frames manufacturing plant with an annual capacity of 18,000 metric tonnes. The inauguration ceremony was attended by Telangana Chief Minister A. Revanth Reddy, Deputy Chief Minister Mallu Bhatti Vikramarka, and Minister Duddilla Sridhar Babu, along with other government officials. With the commissioning of the Seetharampur facility, Premier Energies&#8217; total solar module manufacturing [&hellip;]
- [NLC India and NALCO Sign Joint Venture Agreement for 1,080 MW Captive Thermal Power Project at Angul](https://angelnews.in/stocknews/joint-venture/nlc-india-nalco-sign-joint-venture-1080-mw-captive-thermal-project/): NLC India Limited (NLCIL) and National Aluminium Company Limited (NALCO) have signed a Joint Venture Agreement (JVA) to develop a 1,080 MW coal-based captive thermal power project at Angul in Odisha. The project will be developed through a new joint venture company with equal equity participation from both public sector enterprises. The agreement was signed on July 8, 2026, in the presence of Union Minister for Coal and Mines G. Kishan Reddy. Senior officials from the Ministry of Coal, Ministry of Mines, NLC India and NALCO also attended the signing ceremony. The proposed project will consist of four units of 270 [&hellip;]
- [Deep Industries Secures ₹49.10 Crore ONGC Contract for Natural Gas Compression Services](https://angelnews.in/stocknews/order-wins/deep-industries-ongc-49-10-crore-natural-gas-compression-contract/): Deep Industries Limited has received a Letter of Award from Oil and Natural Gas Corporation (ONGC) for charter hiring services related to natural gas compression at the GGS Palaiyad asset in Ahmedabad. The contract, valued at approximately ₹49.10 crore, will be executed over a period of five years. According to the company&#8217;s stock exchange filing dated July 7, 2026, the order has been awarded by ONGC in the ordinary course of business. The project involves providing charter hiring services for natural gas compression at ONGC&#8217;s GGS Palaiyad asset located in Ahmedabad. The total estimated value of the contract is around ₹49.10 [&hellip;]
- [GK Energy Receives ₹235.92 Crore Letter of Empanelment from MSEDCL for 10,000 Solar Water Pumping Systems](https://angelnews.in/stocknews/gk-energy-rs-235-92-crore-msedcl-order-10000-solar-water-pumping/): GK Energy Limited has received a Letter of Empanelment (LoE) worth ₹235.92 crore (inclusive of GST) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the design, manufacture, supply, transport, installation, testing and commissioning of 10,000 off-grid DC solar photovoltaic water pumping systems (SPWPS). The company disclosed the development in a regulatory filing to the National Stock Exchange (NSE) and BSE on July 5, 2026. Project Details According to the filing, the empanelment covers off-grid DC solar photovoltaic water pumping systems with capacities of 3 HP, 5 HP and 7.5 HP. The systems will be installed under the Magel Tyala Saur [&hellip;]
- [PM Narendra Modi Inaugurates SJVN's ₹5,492 Crore 1,000 MW Bikaner Solar Power Project in Rajasthan](https://angelnews.in/indianews/sjvn-1000-mw-bikaner-solar-power-project-inaugurated/): Prime Minister Narendra Modi inaugurated SJVN Limited&#8217;s 1,000 MW Bikaner Solar Power Project at Pachpadra in Rajasthan, marking the commissioning of one of the country&#8217;s largest domestically developed solar power projects under the Domestic Content Requirement (DCR) category. The project has been developed by SJVN Green Energy Limited (SGEL), the renewable energy arm of SJVN, with an investment of approximately ₹5,492 crore. Spread across nearly 5,000 acres in Bikaner district, the solar project has been built using domestically manufactured equipment, supporting India&#8217;s renewable energy capacity and local manufacturing ecosystem. According to the company, the plant is expected to generate around 2,454.84 [&hellip;]
- [Oswal Pumps bags ₹235.92 crore order from MSEDCL for 10,000 solar water pumping systems](https://angelnews.in/stocknews/order-wins/oswal-pumps-rs-235-92-crore-msedcl-order-10000-solar-water-pumping/): Oswal Pumps Ltd. has secured an additional order worth approximately ₹235.92 crore (including GST) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply, installation and commissioning of 10,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). The company disclosed the development in a regulatory filing on July 4, stating that the order has been awarded under the PM Kusum B Scheme, specifically the &#8220;Magel Tyala Saur Krushi Pump Yojana.&#8221; The project is scheduled to be completed within 60 days from the date of issuance of the Notice to Proceed (NTP). The contract covers the design, manufacture, supply, transportation, installation, [&hellip;]
- [Prestige Estates to Acquire 50% Stake in Advent Convention and Hotels International for Up to ₹504 Crore](https://angelnews.in/stocknews/acquisition/prestige-estates-504-crore-mumbai-project-acquisition/): Prestige Estates Projects Limited has announced that it has entered into an investment agreement to acquire a 50% stake in Advent Convention and Hotels International Limited for a consideration of up to ₹504 crore. The company disclosed the development in a regulatory filing with the stock exchanges on July 3, 2026. According to the filing, the investment agreement was executed on July 3, 2026. Advent Convention and Hotels International Limited is developing a commercial real estate project in Mumbai, and the acquisition is intended to support the project&#8217;s development. The target company, incorporated in 2024, is engaged in the business of [&hellip;]
- [ITI Limited completes ₹914.31 crore sale of 21-acre K.R. Puram Bengaluru land to CGST Department](https://angelnews.in/stocknews/iti-limited-completes-rs-914-31-crore-sale-of-21-acre-bengaluru/): ITI Limited has completed the execution and registration of the sale deed for approximately 21 acres of land located at K.R. Puram, Bengaluru, in favour of the Central Goods and Services Tax (CGST) Department, Government of India. The company disclosed the development in a regulatory filing dated July 3, 2026. The transaction, valued at ₹914.31 crore, relates to a land parcel that had earlier been proposed for acquisition by the CGST Department. ITI Limited had previously informed the stock exchanges on January 29, 2026, about receiving the Earnest Money Deposit (EMD) from the government department for the proposed acquisition. Loan repayment [&hellip;]
- [Tata Power Renewable Energy Limited Commissions 100.8 MW Jewali Wind Project Expected to Offset 245 Million kg CO₂ Every Year](https://angelnews.in/stocknews/tata-power-renewable-commissions-100-8-mw-jewali-wind-project/): Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power Company Limited, has commissioned its 100.8 MW Jewali Wind Project in Maharashtra, strengthening its renewable energy portfolio and supporting clean power generation in the state. Located in Dharashiv district, Maharashtra, the project will supply electricity to Tata Power Mumbai Distribution and contribute towards meeting Renewable Purchase Obligation (RPO) requirements. The wind farm is expected to generate around 299 million units (kWh) of clean electricity annually. The project consists of 28 wind turbine generators, each with a capacity of 3.6 MW. According to the company, the facility is expected to offset [&hellip;]
- [DCX Systems receives purchase orders worth ₹47.58 crore for cable assemblies and PCB assemblies](https://angelnews.in/stocknews/order-wins/dcx-systems-rs-47-58-crore-purchase-orders-cable-pcb-assemblies/): DCX Systems Limited has received purchase orders worth approximately ₹34.79 crore from its customers in the normal course of business for the manufacture and supply of cable and wire harness assemblies. The company disclosed the development in a regulatory filing submitted to the stock exchanges on Friday. The company stated that the orders comprise both domestic and export business and relate to the manufacture and supply of cable and wire harness assemblies. In a separate development, Raneal Advanced Systems Pvt. Ltd., a wholly owned subsidiary of DCX Systems, has also secured purchase orders worth approximately ₹12.79 crore from its customers in [&hellip;]
- [Angel One Client Base Grows 18.8% YoY to 38.59 Million in Q1 FY27](https://angelnews.in/stocknews/angel-one-q1-fy27-client-base-grows-18-8-percent-funding-book/): Angel One Limited reported steady operational performance for the quarter ended June 2026 (Q1 FY27), with its client base rising 18.8% year-on-year to 38.59 million. The company said its average client funding book reached a record high during the quarter, supported by continued growth in margin funding activities. According to the company&#8217;s monthly business update filed with the stock exchanges, the average client funding book increased to ₹61.37 billion in Q1 FY27, registering a 45.9% increase compared with ₹42.06 billion in Q1 FY26 and a 4.9% rise over the previous quarter. However, gross client acquisition declined to 1.34 million during the [&hellip;]
- [BLS International Acquires Atyati Technologies for ₹156.82 Crore to Expand Banking Technology Business](https://angelnews.in/stocknews/acquisition/bls-international-acquires-atyati-technologies-for-rs-156-82-crore/): BLS International Services Limited has announced the acquisition of a 100% equity stake in Atyati Technologies Private Limited through its listed subsidiary, BLS E-Services Limited. The acquisition, completed on July 2, 2026, makes Atyati Technologies a step-down subsidiary of BLS International. Atyati Technologies is an AI-powered banking technology company headquartered in Bengaluru. It provides digital banking technology solutions to banks and financial institutions, with a focus on Business Correspondent (BC) services, financial inclusion, and last-mile banking connectivity across India. The acquisition has been completed for a cash consideration of ₹156.82 crore, subject to certain conditions. BLS E-Services has acquired 100% of [&hellip;]
- [Tata Technologies and Tenneco Strengthen 5-Year Partnership With Over $100 Million Commitment](https://angelnews.in/stocknews/tata-technologies-tenneco-100-million-strategic-engagement/): Tata Technologies and Tenneco LLC have expanded their long-standing global partnership through a strategic engagement valued at more than $100 million over the next five years. The agreement is aimed at accelerating mobility transformation by strengthening engineering, digital, and AI-led capabilities. The agreement was signed on June 30 at Bombay House, the headquarters of the Tata Group in Mumbai. The signing ceremony was attended by Jon Bagrosky, Chief Administrative Officer of Tenneco, and Warren Harris, CEO &amp; Managing Director of Tata Technologies, who reaffirmed the companies&#8217; commitment to advancing engineering excellence, digital innovation, and long-term collaboration. The expanded engagement is expected [&hellip;]
- [RITES Secures ₹175.41 Crore Project Management Consultancy Order from BBAU for Campus Infrastructure Development](https://angelnews.in/stocknews/order-wins/rites-wins-rs-175-41-crore-bbau-campus-infrastructure-pmc-order/): RITES Limited has secured a major domestic order worth approximately ₹175.41 crore (excluding GST) from Babasaheb Bhimrao Ambedkar University (BBAU) for providing Project Management Consultancy (PMC) services related to campus infrastructure development. According to the company&#8217;s regulatory filing dated June 30, 2026, the contract involves planning, design, and development of infrastructure facilities along with other related works across the BBAU campus. The project will be executed on a Cost Plus PMC Fee basis. The order has been awarded by Babasaheb Bhimrao Ambedkar University, a domestic entity. RITES stated that the execution period is 30 months for the initial work or until [&hellip;]
- [Paras Defence Signs Exclusive 12-Month IP Agreement with Powerus for Guardian-1 Counter-Drone Technology](https://angelnews.in/stocknews/paras-defence-signs-exclusive-12-month-ip-agreement-with-powerus/): Paras Defence and Space Technologies Ltd has signed an Intellectual Property (IP) License Agreement with Tandem Defense LLC, a Georgia-based limited liability company and a wholly owned subsidiary of Autonomous Power Corporation, Delaware. The agreement grants Paras Defence an exclusive licence to use the licensed intellectual property within India for manufacturing and commercialising products based on the technology. According to the filing, the agreement covers the Guardian-1 Interceptor, a high-speed, battery-powered counter-drone system developed by Powerus. The technology is designed to counter low-cost aerial threats. Under the terms of the agreement, Powerus has granted Paras Defence an exclusive, non-transferable and non-sublicensable [&hellip;]
- [Waaree Energies Subsidiary Secures 236.22 MW International Solar Module Supply Order](https://angelnews.in/stocknews/order-wins/waaree-energies-subsidiary-236-22-mw-international-solar-module-order/): Waaree Energies Ltd has announced that its wholly owned subsidiary Waaree Solar Americas Inc. has secured an international order for the supply of 236.22 MW solar modules. The company disclosed the development through a regulatory filing submitted to the stock exchanges under SEBI Listing Regulations. According to the filing dated June 30 2026 the order was received on June 29 2026 from a renowned international customer engaged in developing and managing sustainable infrastructure solutions with a focus on renewable energy. The name of the customer has not been disclosed. The contract involves the one time supply of 236.22 MW solar modules. [&hellip;]
- [Omaxe Announces Hospitality Business Expansion With ₹6,200 Crore Investment to Develop 19 Hotels](https://angelnews.in/stocknews/omaxe-hospitality-investment-rs-6200-crore-19-hotels-india/): Omaxe Ltd. has announced the launch of a dedicated hospitality business vertical with a planned investment of approximately ₹6,200 crore over the next four to five years. The real estate developer plans to establish 19 hotels across nearly 5 million square feet in five states, subject to project-specific approvals, regulatory clearances, and market conditions. The proposed hospitality portfolio will be integrated with Omaxe&#8217;s existing developments, including townships, mixed-use projects, commercial destinations, and urban infrastructure assets. The company said the initiative is aimed at strengthening its presence in the hospitality sector while creating recurring revenue opportunities. As part of the expansion, Omaxe [&hellip;]
- [Puravankara Signs 6.4 Acre Sarjapur Land JDA with ₹1,000 Crore GDV Potential](https://angelnews.in/stocknews/puravankara-6-4-acre-sarjapur-land-jda-1000-crore-gdv-potential/): Puravankara Limited has announced that it has entered into a Joint Development Agreement (JDA) for a 6.4-acre land parcel in Sarjapur, Bengaluru. The project has an estimated Gross Development Value (GDV) of approximately ₹1,000 crore and will be developed as a residential community. The company said the project will have a saleable area of around 0.8 million square feet. The development is aimed at addressing housing demand in the rapidly growing Sarjapur corridor, a key residential and employment hub in Bengaluru. According to the company, the latest land acquisition further strengthens its development pipeline in Bengaluru. Puravankara stated that its cumulative [&hellip;]
- [Vikran Engineering Secures ₹3,517.98 Crore Solar EPC Order from NOPL After Project Restructuring](https://angelnews.in/stocknews/order-wins/vikran-engineering-secures-rs-3517-98-crore-nopl-solar-order/): Vikran Engineering Limited has secured a new engineering, procurement and construction (EPC) work order worth ₹3,517.98 crore, including GST, from NOPL Solar Projects Private Limited for the development of a 969 MW AC solar power project across multiple locations in Maharashtra. The company informed the stock exchanges that the order covers the design, engineering, procurement, supply, erection, testing and commissioning of the project on a turnkey EPC basis. The contract also includes the supply of solar photovoltaic (PV) modules and inverters. According to the company, the project is scheduled to be executed over a period of 12 months. The latest contract [&hellip;]
- [Ashoka Buildcon Receives LOA for USD 35.42 Million Four-Lane Highway Project in Guyana](https://angelnews.in/stocknews/ashoka-buildcon-guyana-highway-project-usd-35-42-million/): Ashoka Buildcon Limited has received a Letter of Acceptance (LOA) from the Central Housing and Planning Authority (CHPA), Guyana, for a highway construction project in the South American nation. According to the company&#8217;s regulatory filing dated June 26, 2026, the contract involves the construction of a four-lane highway from Versailles, West Bank Demerara, to Parika, East Bank Essequibo, Region No. 3, Lot 8. The total contract value is GYD 7,455,455,867, equivalent to approximately USD 35.42 million. The project has been awarded on an item-rate basis. Ashoka Buildcon said the project is scheduled to be completed within 20 months from the commencement [&hellip;]
- [BEML Wins Additional USD 5.35 Million Middle East Contract and Total Order Value Reaches USD 41.73 Million](https://angelnews.in/stocknews/order-wins/beml-additional-usd-5-35-million-export-order-middle-east/): State-owned BEML Limited has received an additional export order valued at approximately USD 5.35 million from the Middle East for the supply of heavy earth moving equipment to support infrastructure development projects, according to a regulatory filing submitted to the stock exchanges. The company said the latest order has increased the total value of the contract from USD 36.38 million to approximately USD 41.73 million. Following the new order, BEML&#8217;s total international order book has reached approximately USD 112.35 million, reflecting continued demand for its products in overseas markets. The company stated that the order is for supplying heavy earth moving [&hellip;]
- [E2E Rail Secures L1 Position for ₹48.79 Crore Eastern Railway Signalling and Telecom Project](https://angelnews.in/sme-stock-news/e2e-rail-l1-bidder-rs-48-79-crore-eastern-railway-signalling-project/): E To E Transportation Infrastructure Limited (E2E Rail) has been declared the lowest bidder (L1) by Eastern Railway&#8217;s Malda Division for a railway signalling and telecommunication project valued at approximately ₹48.79 crore, according to a regulatory filing submitted to the NSE Emerge platform. The contract involves the provision of Electronic Interlocking (EI) Systems in accordance with RDSO/SPN/192/2019 specifications and the latest amendments. The project is linked to the development of new crossing stations across multiple locations in the Malda Division of Eastern Railway. Under the scope of work, E2E Rail will execute signalling and telecommunication works at Gangwara (GGWA) station in [&hellip;]
- [Ola Electric Becomes First Indian Company to Secure BIS Certification for Indigenous 4610 LFP Cell with 170 Wh/kg Energy Density](https://angelnews.in/stocknews/ola-electric-bis-certification-indigenous-4610-lfp-cell/): Ola Electric has announced that its wholly owned subsidiary, Ola Cell Technologies (OCT), has received certification from the Bureau of Indian Standards (BIS) for its indigenously developed 4610 Lithium Iron Phosphate (LFP) cell. The certification marks a significant milestone for India&#8217;s battery manufacturing ecosystem and positions the company as the first Indian manufacturer to secure BIS certification for a locally developed 4610 battery cell. The certification has been granted under IS 16046 (Part 2):2018 and IEC 62133-2:2017 standards. According to the company, the achievement strengthens domestic battery manufacturing capabilities and supports efforts toward greater energy independence through indigenous cell technology development. [&hellip;]
- [GRSE Granted Navratna Status as Revenue Surges Nearly 300% and Profit Jumps 294% in Five Years](https://angelnews.in/stocknews/grse-navratna-status-revenue-rs-7002-crore-pat-rs-748-crore-fy26/): Garden Reach Shipbuilders &amp; Engineers Ltd. (GRSE), a leading defence public sector shipyard under the Ministry of Defence, has been granted Navratna status by the Department of Public Enterprises (DPE), Ministry of Finance, Government of India. The recognition was accorded on June 19, 2026, marking a significant milestone in the company&#8217;s growth journey. The Navratna designation is awarded to high-performing Central Public Sector Enterprises (CPSEs) and provides greater financial and operational autonomy, enabling them to undertake larger investments and expand business operations more effectively. GRSE stated that the elevation to Navratna status reflects its sustained financial and operational performance over recent [&hellip;]
- [Tata Power Gets RECPDCL Backed Transmission Project with 35-Year Service Agreement and ₹521 Crore Annual Revenue](https://angelnews.in/latestnews/tata-power-transmission-project-250-km-network-rs-521-crore-revenue/): Tata Power has announced that it has received a Letter of Intent (LOI) from REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, for the acquisition of Ryapte Power Transmission Limited, a Special Purpose Vehicle (SPV) established for the development of a power transmission project in Karnataka. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Project Details According to the company, the project will be developed on a Build-Own-Operate-Transfer (BOOT) basis and will provide transmission services for a period of 35 years from the Scheduled Commercial Operation [&hellip;]
- [WABAG Wins Mega Kuwait Desalination Project Worth Over $150 Million for 272 MLD SWRO Plant](https://angelnews.in/worldnews/wabag-bags-over-150-million-kuwait-desalination-contract/): Water technology company VA Tech WABAG Ltd has secured a major international desalination contract in Kuwait, marking the company&#8217;s entry into the country&#8217;s water infrastructure sector. The project has been classified as a &#8220;Mega&#8221; international order, indicating a contract value exceeding USD 150 million. The company announced that it has won a Design, Build and Operate (DBO) contract for the Doha Seawater Reverse Osmosis (SWRO) Desalination Plant with Recarbonation System – Stage II from Kuwait&#8217;s Ministry of Electricity, Water &amp; Renewable Energy (MEWRE). According to the company, the project will be executed through an unincorporated joint venture led by WABAG in [&hellip;]
- [Marine Electricals Bags Orders Worth ₹76.38 Crore from STT Global Data Centres and Deepak Chem Tech](https://angelnews.in/stocknews/order-wins/marine-electricals-rs-76-38-crore-orders-stt-global-data-centres-deepak-chem-tech/): Marine Electricals (India) Limited has announced the receipt of new orders worth approximately Rs 76.38 crore, excluding taxes, according to a regulatory filing submitted to the National Stock Exchange (NSE). The company disclosed that the orders relate to the supply, installation, testing, and commissioning of power distribution systems for customers across different sectors. One of the contracts has been awarded by STT Global Data Centres India Private Limited. The scope of work includes the supply, installation, testing, and commissioning of power distribution systems. Marine Electricals stated that the execution and delivery of the project are expected to be completed within 12 [&hellip;]
- [Sarvam AI Raises $234 Million at $1.5 Billion Valuation with HCLTech Investing ₹1,427 Crore](https://angelnews.in/ai-news/hcltech-invests-rs-1427-crore-in-sarvam-ai-acquires-10-46-percent/): HCL Technologies Limited (HCLTech) has announced a strategic investment of ₹1,427.25 crore in Axonwise Private Limited, operating as Sarvam AI, acquiring a 10.46% stake in the Indian sovereign artificial intelligence company. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. According to the company&#8217;s regulatory filing dated June 15, 2026, HCLTech will acquire 41,421 equity shares of Sarvam AI through a 100% cash consideration transaction. The acquisition is expected to be completed within two weeks of signing, and no governmental or regulatory approvals are required for the deal. Sarvam AI, incorporated on July [&hellip;]
- [Rappid Valves Wins Rs. 18.05 Crore BHEL Order for Indian Navy Fleet Support Ships Programme](https://angelnews.in/sme-stock-news/rappid-valves-rs-18-05-crore-bhel-order-indian-navy-fleet-support/): Rappid Valves (India) Limited has secured a new domestic order worth approximately Rs. 18.05 crore (excluding taxes) from Bharat Heavy Electricals Limited (BHEL) for the supply of valves and components for the Indian Navy&#8217;s 5 Fleet Support Ships Programme. The order strengthens Rappid Valves&#8217; presence in the defence and marine engineering sectors, particularly in projects related to India&#8217;s naval capabilities. According to the company, the contract involves the supply of specialised valves and associated components required for the Indian Navy&#8217;s Fleet Support Ships Programme. These vessels play a crucial role in providing logistical support, replenishment, and operational assistance to naval fleets [&hellip;]
- [Ceinsys Tech Secures Rs 30.06 Crore Orders from T Second Inc USA for AI and NVME Solutions](https://angelnews.in/stocknews/order-wins/ceinsys-tech-rs-30-06-crore-orders-t-second-inc-usa/): Ceinsys Tech Limited has announced that it, along with its wholly owned US subsidiary Technology Associates Inc., has secured purchase orders worth Rs 30.06 crore (approximately $3.16 million) from T Second Inc., USA. The purchase orders have been awarded to both Ceinsys Tech and Technology Associates Inc. across multiple technology segments, including hardware supply, artificial intelligence applications, and geospatial solutions. The largest order, valued at Rs 27.70 crore ($2.91 million), has been received by Ceinsys Tech for the supply of NVME drives. Another order worth Rs 1.55 crore ($162,900) involves AI-powered building and road extraction, encroachment monitoring, asset monitoring, and data [&hellip;]
- [Ashoka Buildcon Receives LOA for ₹112.40 Crore Gems and Jewellery Park Project in Raipur, Chhattisgarh](https://angelnews.in/latestnews/ashoka-buildcon-loa-gems-jewellery-park-chhattisgarh-112-40-crore/): Ashoka Buildcon Limited has received a Letter of Acceptance (LOA) from Chhattisgarh State Industrial Development Corporation Limited (CSIDC) for the development of a Gems and Jewellery Park in Raipur, Chhattisgarh, under the Public Private Partnership (PPP) model. In a regulatory filing dated June 13, 2026, the company stated that it had participated in the project through a joint venture in which Ashoka Buildcon serves as the lead member with a 51% stake. The project marks another addition to the company&#8217;s portfolio of infrastructure and development initiatives. According to the disclosure, the Gems and Jewellery Park will be developed over an area [&hellip;]
- [NLC India Commissions 660 MW Unit-3 at Ghatampur Thermal Power Project, Installed Capacity Rises to 8,405 MW](https://angelnews.in/stocknews/nlc-india-660-mw-unit-3-ghatampur-thermal-power-project-cod/): NLC India Limited has announced the commencement of commercial operations of Unit-3, with a generation capacity of 660 MW, at the Ghatampur Thermal Power Project in Uttar Pradesh. The company disclosed the development through a regulatory filing submitted to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. According to the filing, Unit-3 of the Ghatampur Thermal Power Project achieved Commercial Operation Declaration (COD) with effect from 00:00 hours on June 13, 2026. The unit is operated by Neyveli Uttar Pradesh Power Limited (NUPPL), a joint venture between NLC India Limited, which holds a [&hellip;]
- [AVG Logistics Secures 3-Year Haldiram Nagpur Contract for 100 Vehicles with ₹35 Crore Annual Revenue Potential](https://angelnews.in/sme-stock-news/avg-logistics-secures-3-year-haldiram-nagpur-contract-for-100-vehicles/): AVG Logistics Limited announced that it has secured a long-term transportation contract from Haldiram Nagpur, one of India&#8217;s leading food and FMCG brands. The agreement marks a significant addition to AVG Logistics&#8217; operations in the fast-moving consumer goods (FMCG) logistics segment. Under the terms of the contract, AVG Logistics will deploy 100 dedicated vehicles to support Haldiram Nagpur&#8217;s logistics and distribution requirements. The fleet will serve operations across western and southern India, along with key eastern markets including Odisha, Bihar, and Jharkhand. The contract has been awarded for an initial tenure of three years and is expected to generate approximately ₹35 [&hellip;]
- [Zaggle Signs Five-Year Agreement with Crompton Greaves Consumer Electricals to Provide Employee Expense Management Solutions](https://angelnews.in/stocknews/zaggle-crompton-greaves-five-year-agreement-employee-expense-management/): Zaggle Prepaid Ocean Services Limited has entered into an agreement with Crompton Greaves Consumer Electricals Limited to provide employee expense management and benefits solutions As part of the agreement, Zaggle will provide its Zaggle Save platform to Crompton Greaves Consumer Electricals Limited. The platform is designed to streamline employee expense management and benefits administration, helping organizations manage corporate spending and employee-related financial programs through digital solutions. The agreement has been signed for a period of five years. Zaggle stated that the contract has been awarded by a domestic entity and will be executed within India. The company also clarified that the [&hellip;]
- [Reliance to Develop 168 MW AI Data Centre for Meta in Jamnagar with Renewable Energy and Scalable Infrastructure](https://angelnews.in/indianews/reliance-to-develop-168-mw-ai-data-centre-for-meta-in-jamnagar/): Reliance Industries Limited (RIL) has announced a strategic partnership with Meta Platforms Inc. to develop an AI-enabled data centre in Jamnagar, Gujarat. The project marks Meta&#8217;s first built-to-suit data centre in India and highlights the growing importance of the country in the global artificial intelligence infrastructure landscape. Under the agreement, Reliance will develop a data centre with an initial capacity of 168 MW, which is expected to be delivered within two years. The project also includes provisions for future capacity expansion to meet increasing demand for AI computing resources. According to the company, the facility will support Meta&#8217;s global AI infrastructure [&hellip;]
- [VA Tech WABAG Consortium Secures Large Order for Ajman Sewage Biorefinery Plant in UAE Strengthening GCC Presence](https://angelnews.in/worldnews/va-tech-wabag-large-uae-order-ajman-sewage-biorefinery-plant-phase-3/): VA Tech WABAG Limited announced that a consortium led by the company has secured a &#8220;Large&#8221; international order for the proposed Ajman Sewage Biorefinery Plant – Phase 3 in the United Arab Emirates. The contract has been awarded by Ajman Sewerage (Private) Company Limited, with WABAG acting as the consortium leader. According to the company&#8217;s stock exchange filing, the project involves the design, engineering, procurement, and construction of a 60 million litres per day (MLD) sewage treatment plant. The scope of work also includes inlet facilities, primary and secondary treatment systems, and comprehensive sludge management infrastructure comprising digesters, gas holders, scrubbers, [&hellip;]
- [Dynacons Systems & Solutions Bags ₹125.88 Crore Central Bank of India Contract for NVIDIA H200 Powered Private Cloud Expansion](https://angelnews.in/stocknews/order-wins/dynacons-central-bank-of-india-contract-private-cloud-nvidia-h200/): Dynacons Systems &amp; Solutions Limited has secured a contract worth ₹125.88 crore from Central Bank of India for the expansion and modernization of the bank&#8217;s private cloud infrastructure, including the deployment of NVIDIA H200 Blackwell GPU-based systems and enterprise containerization platforms. The order, awarded by Central Bank of India, involves the expansion of the bank&#8217;s private cloud environment, establishment of a containerization platform, and deployment of advanced server infrastructure designed to support artificial intelligence (AI), machine learning (ML), analytics, and cloud-native applications. According to the company, the project is valued at ₹125.88 crore excluding GST and is scheduled to be executed [&hellip;]
- [EMS Limited Emerges as Lowest Bidder for ₹102.85 Crore Varanasi Sewer Project](https://angelnews.in/stocknews/order-wins/ems-limited-up-jal-nigam-varanasi-sewer-project-102-85-crore/): EMS Limited has received the Lowest Bidder (L1) status from UP Jal Nigam (Urban), Varanasi, for a major sewer infrastructure development project in Uttar Pradesh. The company disclosed the development through a regulatory filing with the stock exchanges on June 6, 2026. According to the filing, the estimated order value, excluding Goods and Services Tax (GST), is approximately ₹10,284.76 lakh, equivalent to around ₹102.85 crore. The project has been awarded by UP Jal Nigam (Urban), Varanasi, and pertains to the improvement of sewer infrastructure in multiple areas under the Varanasi Nagar Nigam. EMS Limited stated that the scope of work includes [&hellip;]
- [RailTel Receives ₹41.32 Crore Work Order from Uttar Pradesh Police Recruitment and Promotion Board](https://angelnews.in/stocknews/order-wins/railtel-secures-rs-41-32-crore-upprpb-recruitment-services-order/): RailTel Corporation of India Limited has secured a major work order from the Uttar Pradesh Police Recruitment and Promotion Board (UPPRPB) for providing security-related ancillary services during recruitment examinations. The state-owned telecom infrastructure and ICT solutions provider disclosed the development in a regulatory filing submitted to the stock exchanges on June 5, 2026. The company stated that the order has been awarded by a domestic entity and pertains to support services associated with the conduct of recruitment examinations. According to the details shared by RailTel, the total value of the work order stands at ₹41,32,36,473 (excluding taxes). The company noted that [&hellip;]
- [HCC Receives ₹127 Crore Contract from WHPL for Strategic Construction Works at Bhutan's Wangchhu Hydroelectric Project](https://angelnews.in/stocknews/order-wins/hcc-wins-rs-127-crore-wangchhu-hydroelectric-project-contract-bhutan/): Hindustan Construction Company (HCC) has secured a contract worth ₹127 crore from Wangchhu Hydroelectric Power Limited (WHPL), Bhutan, for civil construction works associated with the Wangchhu Hydroelectric Project. According to the company, the contract covers the construction of diversion tunnels, hydromechanical gates and cofferdams. The project is expected to be completed within a period of nine months. The award follows WHPL&#8217;s technical and financial evaluation process and adds to HCC&#8217;s portfolio of hydroelectric infrastructure projects. The diversion works are considered a critical component of the Wangchhu Hydroelectric Project, helping facilitate the early commencement of the project&#8217;s primary civil construction activities and [&hellip;]
- [CG Power Commissions 7200-Unit Nashik Facility and Boosts EHV Circuit Breaker Capacity by 80% to 16200 Units](https://angelnews.in/stocknews/cg-power-adds-7200-units-capacity-with-new-nashik-ehv-switchgear-facility/): CG Power and Industrial Solutions Limited has commissioned a new Extra High-Voltage (EHV) switchgear manufacturing facility in Nashik, Maharashtra, strengthening its presence in the power transmission and electrical equipment sector. The company announced that commercial production at the facility commenced on June 4, 2026. The newly commissioned S3 Unit-II facility, located at Pimpalgaon Garudeshwar in Nashik, has been established to manufacture EHV circuit breakers in the 33 kV to 245 kV range. The plant also houses advanced testing infrastructure, including 500 kV and 350 kV high-voltage testing laboratories, aimed at supporting growing demand from domestic and international markets. According to the [&hellip;]
- [Maruti Suzuki Launches India’s First Flex-Fuel Wagon R Passenger Car Compatible with E20 to E100 Ethanol Blends](https://angelnews.in/indianews/maruti-suzuki-launches-india-first-flex-fuel-wagon-r-e20-to-e100/): Maruti Suzuki India Limited has launched India’s first flex-fuel passenger car, marking a significant step in the country’s transition towards cleaner and more sustainable mobility solutions. The flex-fuel vehicle, based on the popular Wagon R platform, was unveiled in New Delhi on June 4, 2026, ahead of World Environment Day. The launch event was attended by Union Minister for Road Transport and Highways Nitin Gadkari and Union Minister for Petroleum and Natural Gas Hardeep Singh Puri. The introduction of the vehicle aligns with the Government of India’s efforts to increase ethanol usage, reduce dependence on imported crude oil, and strengthen energy [&hellip;]
- [TVS SCS and Italy's ALA Group to Form 51:49 Aerospace and Defence Venture with a Revenue Target of More Than ₹2,000 Crore by 2031](https://angelnews.in/stocknews/joint-venture/tvs-supply-chain-solutions-ala-group-aerospace-defence-joint-venture-india-2000-crore-revenue-2031/): TVS Supply Chain Solutions Ltd (TVS SCS) has approved the formation of a joint venture with Italy-based ALA Group to build an integrated aerospace and defence supply chain platform in India. As part of the arrangement, TVS SCS will make a further investment of up to ₹10.19 crore in its wholly owned subsidiary, TVS Packaging Solutions Private Limited. The investment is subject to the completion of definitive agreements and the fulfilment of specified conditions precedent. The company said the proposed investment is aimed at supporting business expansion initiatives and facilitating collaboration with ALA Group to develop opportunities in India&#8217;s growing aerospace [&hellip;]
- [Angel One’s Client Base Grows 19.5% YoY to 38.17 Million in May 2026, Average Daily Orders Rise to 6.86 Million](https://angelnews.in/stocknews/angel-one-client-base-grows-19-5-percent-yoy-to-38-17-million-in-may-2026/): Angel One Limited reported healthy business performance for May 2026, with its average client funding book reaching a record high and its client base expanding to more than 38 million. The company shared its monthly business update, highlighting continued growth in client engagement, trading activity, and derivatives market participation. The fintech and brokerage platform&#8217;s client base increased to 38.17 million in May 2026, compared with 31.95 million in the corresponding month last year, reflecting a year-on-year growth of 19.5%. Gross client acquisition stood at 0.42 million during the month. Angel One&#8217;s average client funding book rose to an all-time high of [&hellip;]
- [Jain Irrigation Commissions One of the World’s Largest Single-Unit Biochar Reactors in Maharashtra with 20,000-Tonne Annual Capacity](https://angelnews.in/stocknews/jain-irrigation-biochar-facility-jalgaon-20000-tonnes-annual-capacity/): Jain Irrigation Systems Ltd. (JISL) has announced the commissioning of an industrial-scale high-tech biochar facility in Jalgaon, Maharashtra. The company said the plant ranks among the world&#8217;s largest single-unit biochar reactors and is designed to convert agricultural and fruit-processing residues into biochar for sustainable farming and carbon removal applications. According to the company, the facility has been developed in partnership with global experts and represents a significant step toward advancing climate-smart agriculture, circular manufacturing practices, and engineered carbon removal solutions in India. Plant Capacity and Processing Scale The newly commissioned facility is capable of processing more than 50 metric tonnes of [&hellip;]
- [Anant Raj Partners With Haryana Government to Expand Data Center and Cloud Operations With ₹25,000 Crore Commitment](https://angelnews.in/indianews/anant-raj-haryana-government-mou-rs-25000-crore-data-center-investment/): Anant Raj Limited has entered into a Memorandum of Understanding (MoU) with the Haryana Enterprises Promotion Centre (HEPC), Government of Haryana, to support the development of digital infrastructure projects in the state. The company informed stock exchanges that the agreement was executed on June 1, 2026, during the launch of the &#8220;Make in Haryana Policy and Other Sectoral Policies&#8221; initiative. The event was chaired by Haryana Chief Minister Nayab Singh Saini. Under the agreement, Anant Raj and various departments of the Haryana Government will collaborate to facilitate investment and development activities related to data centers and cloud services in Haryana. The [&hellip;]
- [Balu Forge Secures Order from Major Indian Energetics Company for 30,000 Units of 152 mm Artillery Shells](https://angelnews.in/stocknews/order-wins/balu-forge-secures-30000-unit-152mm-artillery-shell-order-june-2026/): Balu Forge Industries Limited has announced the receipt of a significant order in the defence sector, securing an initial contract to supply 30,000 units of 152 mm artillery shells to a major Indian energetics company. The development marks a notable expansion of the company&#8217;s presence in India&#8217;s defence manufacturing ecosystem and supports its ongoing efforts to strengthen indigenous production capabilities. According to the company, deliveries under the contract are scheduled to begin in June 2026. The order is expected to serve as the foundation for a broader long-term partnership, with projected volumes potentially increasing to more than 100,000 artillery shells as [&hellip;]
- [Concord Control Systems Secures ₹279.90 Crore Indian Railways KAVACH 4.0 Contract Through Associate Company Progota India](https://angelnews.in/stocknews/order-wins/concord-control-systems-rs-279-90-crore-kavach-4-order-indian-railways/): Concord Control Systems Limited has announced that it has secured a new order valued at ₹279.90 crore for KAVACH 4.0 locomotive equipment. The contract has been received through Progota India Private Limited, an associate company of Concord Control Systems, according to a regulatory filing submitted to the stock exchanges on May 30, 2026. The order has been awarded by Indian Railways and involves the supply, installation, testing and commissioning of onboard KAVACH 4.0 equipment for locomotives. KAVACH is India&#8217;s indigenous automatic train protection system designed to improve railway safety by helping prevent collisions, overspeeding and signal passing at danger. As per [&hellip;]
- [Cyient to Acquire Tao Digital Solutions in $218 Million Deal to Strengthen AI and Digital Engineering Capabilities](https://angelnews.in/stocknews/acquisition/cyient-acquires-tao-digital-solutions-218-million-ai-digital-engineering-deal/): Cyient Limited has announced the acquisition of Tao Digital Solutions Inc., a global digital engineering and AI-led services company headquartered in the United States. The company has entered into a definitive agreement to acquire a 100% stake in Tao Digital, subject to customary closing conditions and regulatory approvals. The acquisition forms part of Cyient’s strategy to expand its presence in artificial intelligence, data engineering, and digital product engineering while strengthening its intelligent engineering offerings for global clients. Transaction Details According to the company&#8217;s regulatory filing, the transaction implies an enterprise value of approximately $218 million. The deal is structured as a [&hellip;]
- [Nazara Technologies to Invest ₹4.76 Crore in FAU-G Developer nCore Games Through Subsidiary](https://angelnews.in/stocknews/investment-news/nazara-technologies-invests-rs-4-76-crore-in-ncore-games-fau-g-developer/): Nazara Technologies Limited has announced that its wholly-owned subsidiary, Nazara Technologies FZ LLC, has entered into a Convertible Promissory Note agreement with nCore Games, Inc., the developer behind the FAU-G gaming franchise. The investment will amount to USD 500,000, equivalent to approximately ₹4.76 crore, and will be made in one or more tranches. The investment remains subject to customary conditions, statutory approvals, and other regulatory requirements. Investment to Support India-Centric Gaming and Esports Growth According to the company, the investment is intended to strengthen its presence in India-focused gaming intellectual properties and esports initiatives. The transaction is expected to enhance Nazara&#8217;s [&hellip;]
- [Kernex Microsystems Secures ₹475.21 Crore CLW Order for KAVACH Railway Safety Equipment](https://angelnews.in/stocknews/order-wins/kernex-microsystems-rs-475-21-crore-clw-kavach-order/): Kernex Microsystems (India) Ltd has secured a major railway safety contract worth ₹475.21 crore from Chittaranjan Locomotive Works (CLW), strengthening the company&#8217;s order book and expanding its presence in India&#8217;s railway safety infrastructure segment. According to the company&#8217;s regulatory filing, the contract has been awarded for the supply, installation, testing and commissioning of On-board KAVACH locomotive equipment in accordance with RDSO specifications version 4.0 or the latest applicable standards. The order was awarded by Chittaranjan Locomotive Works, a domestic railway manufacturing unit, and is expected to be executed within 12 months from the date of the contract award. KAVACH is an [&hellip;]
- [E2E Rail Secures ₹216.40 Crore EPC Contract for Srikalahasti Renigunta Railway Track Tripling Work](https://angelnews.in/sme-stock-news/e2e-rail-wins-rs-216-40-crore-south-central-railway-epc-contract-andhra-pradesh/): E To E Transportation Infrastructure Limited (E2E Rail) has secured a major engineering procurement and construction (EPC) contract from South Central Railway valued at approximately ₹216.40 crore, according to the company&#8217;s regulatory filing. The company said it received a Letter of Acceptance (LOA) dated May 26, 2026, for railway infrastructure work related to track expansion and associated systems in Andhra Pradesh. The project involves tripling of the railway track between Srikalahasti and Renigunta stations. The scope of work also includes electrification, signalling and telecommunication electrification along with augmentation of 1X25kV traction substation and switching post systems in the GDR-RU section to [&hellip;]
- [MobiKwik Receives RBI Approval for Offline Payment Aggregator Licence and Targets 10X Merchant Business Growth by FY28](https://angelnews.in/stocknews/mobikwik-rbi-offline-pa-p-licence-merchant-growth-fy28/): One MobiKwik Systems Limited announced that it has received in-principle approval from the Reserve Bank of India (RBI) for an Offline Payment Aggregator Physical (PA-P) licence. The approval enables the fintech company to process offline merchant payments and marks a key development in its strategy to strengthen its merchant payments ecosystem. The company stated that the approval is expected to support its plans to significantly scale its merchant business and target tenfold growth by FY28. The licence further strengthens MobiKwik&#8217;s position as a full-stack financial technology platform serving both consumers and merchants. MobiKwik currently supports approximately 4.9 million merchants through payment [&hellip;]
- [Balu Forge Secures Its First Aerospace Order From US-Based Alpha Aircraft Systems and Enters Global Aerospace Sector](https://angelnews.in/stocknews/balu-forge-first-aerospace-order-alpha-aircraft-systems-us/): Mumbai-based precision engineering company Balu Forge Industries Ltd (BFIL) has announced its entry into the aerospace sector after securing its first commercial purchase order for precision-engineered components from Alpha Aircraft Systems Inc., a United States-based aerospace company. The development represents a strategic expansion for the company as it moves into the highly specialized aerospace manufacturing segment, which typically involves strict quality standards, advanced metallurgy requirements, and precision engineering capabilities. According to the company&#8217;s business update, it has already received the advance payment for the project on May 25 2026. The payment completion is expected to facilitate the commencement of development and [&hellip;]
- [Ashok Leyland Secures 715 Vehicle Order From VRL Logistics Including Trucks and Buses](https://angelnews.in/stocknews/order-wins/ashok-leyland-secures-715-vehicle-order-from-vrl-logistics/): Ashok Leyland, the flagship commercial vehicle company of the Hinduja Group, announced that it has secured an order for 715 vehicles from VRL Logistics, one of India&#8217;s major logistics and transportation companies. The latest order further strengthens the long-standing business relationship between both companies and highlights continued demand in the commercial vehicle segment. The order comprises AVTR 3120 haulage trucks, BOSS 1615 trucks, and Oyster staff buses intended to support VRL Logistics&#8217; fleet expansion and operational requirements. The development marks another milestone in the decades-long association between the two companies. According to the company, deliveries are progressing in phases, with approximately [&hellip;]
- [హైదరాబాద్ మెట్రోతో ₹13,527 కోట్ల భారీ రీఫైనాన్సింగ్ ఒప్పందంపై సంతకం చేసిన IRFC](https://angelnews.in/telugu-news/irfc-hyderabad-metro-rs-13527-crore-refinancing-deal-urban-rail-expansion/): ఇండియన్ రైల్వే ఫైనాన్స్ కార్పొరేషన్ (IRFC) హైదరాబాద్ మెట్రో రైల్ ప్రాజెక్టుకు సంబంధించిన అప్పుల పునర్వ్యవస్థీకరణ కోసం ఎల్ అండ్ టీ మెట్రో రైల్ (హైదరాబాద్) లిమిటెడ్ (L&amp;TMRHL)తో ₹13,527 కోట్ల టర్మ్ లోన్ ఒప్పందం కుదుర్చుకుంది. ఈ ఒప్పందం IRFC ఛైర్మన్ మరియు మేనేజింగ్ డైరెక్టర్ మనోజ్ కుమార్ దుబే మరియు తెలంగాణ ప్రధాన కార్యదర్శి కె. రామకృష్ణ రావు సమక్షంలో కుదిరింది. దేశంలో సుస్థిర పట్టణ మౌలిక సదుపాయాలు మరియు రవాణా వ్యవస్థలను బలోపేతం చేయాలన్న ప్రభుత్వ లక్ష్యానికి ఈ ఒప్పందం అనుగుణంగా ఉందని పేర్కొన్నారు. లార్సెన్ అండ్ టుబ్రో నుంచి హైదరాబాద్ మెట్రో రైల్ లిమిటెడ్ (HMRL) ద్వారా తెలంగాణ ప్రభుత్వానికి L&amp;TMRHL పూర్తి యాజమాన్యం బదిలీ అయిన తర్వాత ఈ రీఫైనాన్సింగ్ ప్రక్రియ చేపట్టబడింది. దీని ద్వారా మెట్రో నెట్‌వర్క్ విస్తరణకు మరింత బలమైన ఆర్థిక మద్దతు లభించే అవకాశం ఉంది. ఈ ఆర్థిక ప్యాకేజీ ద్వారా [&hellip;]
- [Jupiter Wagons Subsidiary JEM Energy Signs 110 MWh BESS Deals and Targets ₹200 Crore Order Book in FY27](https://angelnews.in/latestnews/jupiter-wagons-jem-energy-bess-mous-200-crore-order-book-fy27/): Jupiter Electric Mobility Pvt. Ltd. (JEM), a subsidiary of Jupiter Wagons Limited (JWL), announced the signing of strategic Memorandums of Understanding (MoUs) with renewable energy developers Chalukya Power and Pickrenew Energy. The agreements add 110 MWh of Battery Energy Storage System (BESS) business to JEM Energy&#8217;s order pipeline for FY 2026-27. The new projects comprise a combination of utility-scale and commercial and industrial (C&amp;I) deployments intended to support grid stability and renewable energy integration. According to the company, these agreements reflect growing industry demand for integrated energy storage solutions in India. Following the latest additions, JEM Energy stated that its battery [&hellip;]
- [Park Medi World Announces ₹177 Crore Acquisition of The Medicity Hospital in Rudrapur](https://angelnews.in/stocknews/acquisition/park-medi-world-acquires-the-medicity-hospital-rudrapur-177-crore-deal/): Park Medi World Limited has approved the acquisition of V3 Healthcare Private Limited, the operator of The Medicity Hospital in Rudrapur, Uttarakhand, in an all-cash transaction valued at approximately ₹177 crore. The acquisition forms part of the healthcare group&#8217;s expansion strategy aimed at strengthening its presence across North India. The company stated that the transaction would be executed in two phases. Park Medi World plans to acquire an 80% stake in V3 Healthcare by August 31, 2026, while the remaining 20% stake is expected to be acquired after March 31, 2030. The deal does not qualify as a related-party transaction. The [&hellip;]
- [Cyient Semiconductors Secures USD 30 Million Strategic Financing at Nearly USD 500 Million Valuation from Edelweiss](https://angelnews.in/stocknews/cyient-semiconductors-secures-usd-30-million-financing-at-usd-500-million-valuation/): Cyient Semiconductors has announced a strategic financing transaction with funds managed by Edelweiss and affiliated co-investors as the company looks to accelerate growth in the semiconductor sector. The transaction includes an equity investment of approximately USD 10 million at a post-money equity valuation of nearly USD 500 million along with structured debt financing aimed at supporting future expansion plans. The overall transaction value stands at nearly USD 30 million including around USD 20 million of structured debt capital. According to the company, the financing will help strengthen its capital structure and support the scaling of its global semiconductor operations. The transaction [&hellip;]
- [DAM Capital Q4 FY26 Results: Profit Falls 97% YoY to ₹0.2 Crore While FY26 PAT Declines 30% YoY to ₹73 Crore](https://angelnews.in/stocknews/results/dam-capital-q4-fy26-results-profit-falls-yoy-qoq/): DAM Capital Advisors Limited announced its audited financial results for the quarter and year ended March 31, 2026, reporting lower earnings amid weak capital market activity and cautious investor sentiment. The company witnessed pressure on profitability during both the fourth quarter and full financial year despite maintaining strong deal execution and a healthy IPO mandate pipeline. DAM Capital Q4 FY26 Performance DAM Capital reported total income of ₹29.3 crore in Q4 FY26, compared with ₹37 crore in Q4 FY25, registering a decline of 20.1% year-on-year. On a sequential basis, total income declined 58.1% from ₹70 crore reported in Q3 FY26. Revenue [&hellip;]
- [Goodluck India Secures USD 13.6 Million Export Order to Nepal for 400 kV Transmission Line Project](https://angelnews.in/stocknews/order-wins/goodluck-india-usd-13-6-million-export-order-to-nepal/): Goodluck India Limited has announced that it has secured an export order worth approximately USD 13.6 million to Nepal for a 400 kV Double Circuit transmission line project. According to the company&#8217;s exchange filing, the contract marks the largest order received by the company in this business segment. The order has been awarded by an EPC player in Nepal, although the company did not disclose the customer’s identity because of confidentiality requirements. Under the scope of work, Goodluck India will manufacture and supply nearly 14,500 metric tonnes of transmission line structures and related fasteners. The project also includes prototype assembly, fabrication, [&hellip;]
- [SPML Infra Wins ₹165.4 Crore RRVPNL Order to Build 400 kV Grid Sub-Station in Rajasthan](https://angelnews.in/stocknews/order-wins/spml-infra-rs-165-4-crore-order-400kv-grid-substation-rajasthan/): SPML Infra Limited has secured a contract worth ₹165.41 crore from Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL) for the construction of a 400 kV grid sub-station and associated transmission infrastructure in Kota, Rajasthan. The project, which is expected to be completed within 18 months, further expands the company&#8217;s presence in India&#8217;s power transmission and infrastructure sector amid increasing investments in grid modernization and renewable energy integration. According to the company, the contract involves the development of a 400 kV grid sub-station at Dahra in Kota district. The scope of work includes supply, erection, testing, and commissioning activities along with associated [&hellip;]
- [Delhi Jal Board Awards WABAG 17 MGD Wastewater Treatment Plant Project With 15-Year Maintenance Scope](https://angelnews.in/stocknews/order-wins/wabag-secures-delhi-jal-board-wastewater-treatment-plant-order/): VA TECH WABAG has secured a Design Build and Operate (DBO) order from Delhi Jal Board (DJB) for a wastewater treatment project in Delhi, strengthening its municipal water infrastructure portfolio in India. The company disclosed the development through a stock exchange filing on May 22, 2026. According to the company, the order falls under its &#8220;medium&#8221; category, indicating a project value between ₹100 crore and ₹250 crore. The contract includes the design, engineering, construction and commissioning of a 17 MGD wastewater treatment plant at Mitraon in Delhi, along with supporting infrastructure and long-term operations. The project scope includes the development of [&hellip;]
- [Dalmia Bharat To Acquire 5.2 MnTPA Cement Capacity From Jaiprakash Associates In ₹2,850 Crore Deal](https://angelnews.in/stocknews/acquisition/dalmia-bharat-to-acquire-5-2-mntpa-cement-capacity-jaiprakash-associates/): Dalmia Cement Bharat Limited a wholly owned subsidiary of Dalmia Bharat Limited has signed a Business Transfer Agreement with Jaiprakash Associates Limited and Adani Infra India Limited to acquire cement assets in Central India. The acquisition includes cement plants located at Rewa Churk and Sidhi in Madhya Pradesh with a combined cement capacity of 5.2 MnTPA and clinker capacity of 3.3 MnTPA. The transaction has been valued at ₹2,850 crore. The acquired assets also include 99 MW of thermal power capacity and railway siding infrastructure at Rewa and Chunar along with a common railway siding at Churk. Dalmia Bharat Capacity To [&hellip;]
- [Eicher Motors To Enter Financial Services Business Through ₹750 Crore 50:50 Joint Venture With Volvo Group](https://angelnews.in/stocknews/joint-venture/eicher-motors-enters-financial-services-business-volvo-jv-750-crore/): Eicher Motors Limited (EML) has announced plans to enter the financial services sector in India through a proposed 50:50 joint venture with Volvo Group. The company&#8217;s board has approved an investment of up to ₹750 crore to acquire a 50% equity stake in Volvo Financial Services India as part of the transaction. The proposed joint venture aims to provide financing leasing and other financial services solutions across the Indian market. According to the company disclosure the venture will operate as a captive financing arm serving customers of Volvo Group entities VE Commercial Vehicles and Eicher Motors businesses. The move marks an [&hellip;]
- [Bosch Partners With Brakes India and Wheels India To Expand Software-Driven Commercial Vehicle Air Systems](https://angelnews.in/stocknews/joint-venture/bosch-brakes-india-wheels-india-joint-venture-vehicle-air-systems/): Bosch Limited, Brakes India Private Limited and Wheels India Limited have announced a joint venture focused on strengthening their presence in the commercial vehicle air systems segment, aiming to address the industry&#8217;s increasing shift toward intelligent and software-driven technologies. The new venture will be established as a 50:50 partnership between Bosch and TSF Group companies represented by Brakes India and Wheels India. The companies expect the joint venture to begin operations by the end of 2026, subject to receiving required regulatory approvals. According to the announcement, the partnership is intended to unlock growth opportunities in electronically enabled air systems while leveraging [&hellip;]
- [Aurionpro Wins USD 33 Million US Fintech Contract for AI and Payments Solutions](https://angelnews.in/stocknews/order-wins/aurionpro-us-fintech-deal-usd-33-million-three-year-engagement/): Aurionpro Solutions announced that it has secured one of its largest order wins in the United States market through a strategic three-year engagement valued at more than USD 33 million. The agreement was signed through the company’s US-based subsidiary, Aurionpro Fintech Inc., with a leading digital insurance payments platform in the United States. The company stated that the deal represents a significant expansion of its existing relationship with the customer, which currently utilizes Aurionpro’s payments framework software and associated services. The engagement is expected to strengthen the company&#8217;s position in the US fintech and payments ecosystem. Under the expanded mandate, Aurionpro [&hellip;]
- [C.E. Info Systems Q4 FY26 Results: Revenue Rises 56.2 Percent QoQ to ₹145 Crore and PAT Surges 171.3 Percent QoQ to ₹50.9 Crore](https://angelnews.in/stocknews/results/mapmyindia-q4-fy26-results-revenue-pat-dividend/): C.E. Info Systems Ltd., the parent company of MapmyIndia and Mappls, announced its financial results for the fourth quarter and full year ended March 31, 2026, reporting a strong sequential improvement across key financial metrics during Q4 FY26. The company reported revenue from operations of ₹145 crore during Q4 FY26, compared with ₹93.7 crore in Q3 FY26, representing growth of 56.2 percent quarter-on-quarter. Total income also increased 54.8 percent to ₹162.8 crore from ₹104.2 crore in the previous quarter. Operating profitability improved significantly during the quarter. EBITDA rose 141.9 percent quarter-on-quarter to ₹64.7 crore from ₹26.8 crore in Q3 FY26. EBITDA [&hellip;]
- [Royal Enfield Bets Big On Andhra Pradesh With ₹2,500 Crore Greenfield Manufacturing Push](https://angelnews.in/latestnews/royal-enfield-andhra-pradesh-manufacturing-2500-crore-facility/): Royal Enfield has announced plans to establish a new greenfield manufacturing facility in Andhra Pradesh as part of its long-term growth and capacity expansion strategy. The company said it intends to acquire a land parcel in Tada near Tirupati for the proposed project. According to the company, the planned investment for the expansion project is estimated at approximately ₹2,500 crore. The project remains subject to approval from the company’s board and will be executed in phases based on market demand and future business conditions. Royal Enfield currently operates with an annual production capacity of nearly 14.6 lakh motorcycles, which the company [&hellip;]
- [Embassy Developments Signs MoU to Sell Entire Juhu Residential Tower to Angel One Founder Dinesh Thakkar for ₹711 Crore](https://angelnews.in/embassy-developments-711-crore-juhu-tower-dinesh-thakkar/): Embassy Developments Limited has signed a Memorandum of Understanding (MoU) with Dinesh Thakkar, Founder, Chairman and Managing Director of Angel One Limited, for the sale of an entire residential tower at its ultra-luxury Embassy Terraza development in Juhu, Mumbai, for approximately ₹711 crore. According to the company, the transaction represents India’s largest single residential unit transaction. The announcement was made by Embassy Developments Limited (NSE: EMBDL, BSE: 532832) in a regulatory filing dated September 22, 2026. ₹711 Crore Residential Transaction at Embassy Terraza The residence being acquired by Dinesh Thakkar comprises an entire G+7 storey residential tower with a RERA carpet [&hellip;]
- [Nazara Technologies to Provide Up to ₹28 Crore Unsecured Loan to Wholly Owned Subsidiary Smaaash Entertainment](https://angelnews.in/stocknews/nazara-technologies-28-crore-unsecured-loan-smaaash-entertainment/): Nazara Technologies Limited has entered into a loan agreement with its wholly owned subsidiary, Smaaash Entertainment Private Limited, to provide an unsecured loan of up to ₹28 crore in one or more tranches. According to the company’s disclosure to the stock exchanges, the loan agreement was executed on September 21, 2026. The facility will be extended for general business purposes of Smaaash Entertainment, including working capital requirements, capital expenditure and the acquisition of capital assets, subject to applicable laws. Nazara Technologies Loan Details The aggregate amount of the unsecured loan will not exceed ₹28 crore. The loan may be provided in [&hellip;]
- [Dilip Buildcon Declared L-1 Bidder for ₹1,265 Crore 400 kV Power Transmission Project in Maharashtra](https://angelnews.in/stocknews/order-wins/dilip-buildcon-1265-crore-400-kv-maharashtra-transmission-project/): Dilip Buildcon Limited has been declared the L-1 bidder by REC Power Development and Consultancy Limited (RECPDCL), acting as the Bid Process Coordinator on behalf of Maharashtra State Transmission Utility, for the development and operation of a 400 kV Gas Insulated Substation (GIS) at Solapur/Paranda in Dharashiv district, Maharashtra. According to the company’s disclosure dated September 21, 2026, the project will be implemented under the Tariff Based Competitive Bidding (TBCB) route on a Build, Own, Operate and Transfer (BOOT) basis. ₹1,265 Crore EPC Value Excluding GST The disclosure states that the EPC value for Dilip Buildcon is ₹1,265 crore, excluding Goods [&hellip;]
- [Premier Energies Commissions ₹3,293 Crore 7 GW Solar Cell Plant in Naidupeta, Andhra Pradesh, Total Capacity Reaches 10.6 GW](https://angelnews.in/indianews/andhra-pradesh-news/premier-energies-7-gw-solar-cell-facility-andhra-pradesh-3293-crore/): Premier Energies Limited has commissioned a 7 GW N-type TOPCon G12R2 solar cell manufacturing facility at Naidupeta in Andhra Pradesh. The company said the facility was commissioned on schedule and within the planned budget, taking its total solar cell manufacturing capacity to 10.6 GW. The new plant has been developed across 101 acres with a capital expenditure of approximately ₹3,293 crore. According to Premier Energies, the facility is designed to manufacture around 88,000 solar cells per hour and is intended to support future upgrades to advanced TOPCon+ technologies. Premier Energies Expands Solar Cell Manufacturing Capacity The commissioning of the Naidupeta facility [&hellip;]
- [Knowledge Marine & Engineering Works Secures ₹279.33 Crore Third Green Tug Contract from Mumbai Port Authority](https://angelnews.in/stocknews/order-wins/kmew-green-tug-contract-mumbai-port-authority-279-crore/): Knowledge Marine &amp; Engineering Works Limited (KMEW) has secured its third Green Tug contract from the Mumbai Port Authority for the construction and long-term operation of a battery-operated electric Green Tug. The contract is valued at approximately ₹279.33 crore, including taxes, and covers the construction and hiring of a 60-tonne bollard pull capacity New Battery Operated Electric Green Tug, along with manning, operations, maintenance and complete technical management. The contract has a tenure of 15 years. KMEW Expands Green Tug Portfolio With the latest order, KMEW has secured three Green Tug contracts from Major Ports within a relatively short period. The [&hellip;]
- [Securities Transaction Tax Collections Surge 52.87% YoY to ₹40,214 Crore as of September 17, 2026](https://angelnews.in/indianews/stt-collections-rise-40214-crore-fy-2026-27/): Securities Transaction Tax (STT) collections increased 52.87% year-on-year to ₹40,214.36 crore during the period from April 1, 2026 to September 17, 2026, according to the latest direct tax collection data. India’s financial year runs from April 1 to March 31, meaning the latest figure represents STT collections accumulated during the first part of FY 2026-27. STT Collections Increase STT collections stood at ₹26,305.72 crore during the corresponding period of FY 2025-26, covering April 1, 2025 to September 17, 2025. Collections therefore increased by ₹13,908.64 crore over the comparable period. The latest data shows that STT accounted for a larger amount of [&hellip;]
- [Highway Infrastructure Limited Secures Rs. 220.66 Crore Gorakhpur Link Expressway Toll Contract](https://angelnews.in/sme-stock-news/highway-infrastructure-rs-220-crore-gorakhpur-link-expressway-toll-contract/): Highway Infrastructure Limited (HIL) has secured a Rs. 220.66 crore toll operations contract from the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) for toll collection and allied operations on the Gorakhpur Link Expressway. The company said it has received a Letter of Acceptance (LOA) from UPEIDA for the assignment, which covers toll collection and the operation of toll plazas along the expressway. The contract also includes the deployment of patrol-cum-safety vehicles equipped with the required facilities. Highway Infrastructure Toll Operations Contract The contract has been awarded for an initial period of two years, with a provision for an extension of up [&hellip;]
- [PVR INOX Launches New Three-Screen Multiplex at DLF Summit Plaza in Gurugram With 352 Premium Sapphire Seats](https://angelnews.in/stocknews/pvr-inox-new-cinema-dlf-summit-plaza-gurugram-352/): PVR INOX Limited has announced the launch of a new three-screen multiplex at DLF Summit Plaza on Golf Course Road in Gurugram. The new cinema expands the company’s presence in one of the city’s major commercial and residential corridors. The new PVR INOX multiplex is located within the DLF Summit Plaza development, which brings together retail, dining, entertainment, offices and residential destinations. The location also offers access to Golf Course Road, the Rapid Metro and other key business and lifestyle districts in Gurugram. PVR INOX Cinema Features 352 Sapphire Seats The multiplex comprises three auditoriums with a total of 352 Sapphire [&hellip;]
- [Fabtech Technologies Secures ₹21 Crore Turnkey Project in CIS Country for Medical Device Manufacturing Facility](https://angelnews.in/sme-stock-news/fabtech-technologies-21-crore-turnkey-project-cis-country/): Fabtech Technologies Limited has secured a turnkey design-and-build project worth approximately ₹21 crore in a Commonwealth of Independent States (CIS) country. The project marks the company’s entry into the CIS market and expands its international execution footprint in regulated manufacturing infrastructure. The project involves the development of critical internal infrastructure for an advanced medical-device manufacturing facility. Fabtech Technologies will undertake an integrated scope covering engineering and design, cleanroom systems, heating, ventilation and air conditioning (HVAC), building management systems, electrical systems, process and clean utilities, laboratory and cleanroom furniture, fire and life-safety systems, installation, testing and commissioning. Under the project, the process [&hellip;]
- [Royal Enfield Flying Flea C6 Electric Motorcycle Launches in Europe and UK With €5,990 Price](https://angelnews.in/worldnews/royal-enfield-flying-flea-c6-europe-uk-launch-price/): Royal Enfield has expanded the international rollout of its electric mobility portfolio with the launch of the Flying Flea C6 electric motorcycle in Europe and the UK. The motorcycle, developed under the company’s Flying Flea brand, is being introduced initially across Paris, Barcelona, Rome, Berlin and London. The Flying Flea C6 is priced at €5,990 in Europe and £5,300 in the UK. The company is offering the electric motorcycle in three colour options and has announced that bookings are open across the European and UK markets. Flying Flea C6 Launch Across Five Cities According to Royal Enfield, the Flying Flea C6 [&hellip;]
- [ACME Solar Commissions 66.68 MW Solar and 300 MWh BESS Capacity in Rajasthan, Operational Portfolio Reaches 3,057 MW](https://angelnews.in/stocknews/acme-solar-commissions-66-68-mw-solar-300-mwh-bess-rajasthan/): ACME Solar Holdings Limited has announced that its subsidiaries have commissioned 66.68 MW of solar capacity and 300 MWh of Battery Energy Storage System (BESS) capacity in Bikaner, Rajasthan. The commissioning expands the company’s operational renewable energy portfolio. ACME Solar Commissions Phase-I of Hybrid Renewable Energy Project Through its subsidiary ACME Renewtech Private Limited, ACME Solar has commissioned Phase-I of a solar project at Kelan Village in Bikaner, Rajasthan. The commissioned phase includes 66.68 MW of solar capacity out of the project’s total planned solar capacity of 300 MW. The project forms part of ACME Solar’s first hybrid renewable energy project, [&hellip;]
- [UPI Charges From October 15, 2026: NPCI Introduces 0.4% MDR Above ₹2,000, ₹300 Cap and ₹5 Flat Rate for Fuel, Insurance, Telecom and Railways](https://angelnews.in/indianews/npci-revised-upi-mdr-framework-october-15-2026/): The National Payments Corporation of India (NPCI) has introduced a revised Merchant Discount Rate (MDR) framework for select UPI Person-to-Merchant (P2M) transactions, with the new structure scheduled to take effect from October 15, 2026. The revised framework introduces MDR on certain higher-value merchant transactions while keeping UPI payments free for consumers. NPCI said the revised framework is aimed at establishing a sustainable commercial model for the UPI ecosystem. Revenue generated through MDR is expected to support investments in payment infrastructure, cybersecurity, resilience, innovation and customer services. UPI Payments Up to ₹2,000 Remain Free Under the revised framework, Person-to-Person (P2P) transactions and [&hellip;]
- [Kaveri Defence & Wireless Technologies Reports ₹22 Crore Defence Orders](https://angelnews.in/sme-stock-news/kaveri-defence-rs-22-crore-defence-orders-execution/): Kaveri Defence &amp; Wireless Technologies Limited has announced that it currently has confirmed orders aggregating to ₹22 crore, with execution underway and expected to be completed over the next three months. The company disclosed the update to the stock exchanges under Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. ₹22 Crore Order Book Under Execution According to the company’s business update, the orders have been awarded by customers in the defence sector and cover the design, development, manufacture and supply of antennas, filters, switches and radio-frequency (RF) components. The orders [&hellip;]
- [Dubai Gold & Commodities Exchange Partners With Tata Consultancy Services to Modernise Derivatives Trading Infrastructure](https://angelnews.in/global-markets/dgx-tcs-partnership-derivatives-market-infrastructure-1/): Tata Consultancy Services (TCS) has partnered with the Dubai Gold &amp; Commodities Exchange (DGX) to modernise the exchange’s market infrastructure through the implementation of an integrated trading, clearing and surveillance technology platform. The partnership is aimed at creating a scalable technology foundation for DGX, enabling the exchange to support future growth, improve operational efficiency, introduce new products and expand into emerging asset classes. TCS, a global IT services, consulting and business solutions provider, will deliver a technology platform integrating trading, clearing, surveillance, securities trading and market connectivity capabilities. Integrated Market Infrastructure Platform Under the agreement, TCS will deploy multiple solutions to [&hellip;]
- [Uno Minda Announces ₹1,415 Crore Strategic Expansion Across Key Automotive Components Divisions](https://angelnews.in/stocknews/investment-news/uno-minda-rs-1415-crore-expansion-hosur-kharkhoda/): Uno Minda Limited has announced a series of strategic capacity expansion and plant consolidation initiatives across multiple business divisions, with a combined proposed investment of approximately ₹1,415 crore. The automotive components manufacturer said the projects are aimed at strengthening its manufacturing footprint, increasing production capacity and addressing growing demand from leading original equipment manufacturers (OEMs). The expansion programme covers key business areas including two-wheeler alloy wheels, aluminium casting, moulding, and interior, exterior parts and sealing systems. ₹510 Crore Greenfield Aluminium Casting Facility in Hosur As part of the expansion plan, Uno Minda&#8217;s Aluminium Casting Division will establish a new greenfield manufacturing [&hellip;]
- [ACME Solar Holdings Commissions 53.63 MW/300 MWh Battery Energy Storage System in Rajasthan](https://angelnews.in/stocknews/acme-solar-53-63-mw-300-mwh-bess-rajasthan/): ACME Solar Holdings Limited has commissioned the Phase-I Battery Energy Storage System (BESS) component of its Firm and Dispatchable Renewable Energy (FDRE) project in Rajasthan, marking a key milestone in the company’s energy storage portfolio. According to a regulatory filing dated September 14, 2026, the company commissioned the BESS component through its wholly owned subsidiary, ACME Greentech Seven Private Limited. The commissioned Phase-I BESS has a capacity of 53.63 MW/300 MWh and forms part of a larger 300 MW/1,581 MWh FDRE project located at Village Kelan, Tehsil Chhatargarh, District Bikaner, Rajasthan. The company stated that the BESS component of the project [&hellip;]
- [Raymond’s Aerospace Subsidiary Secures ₹33 Crore Multi-Programme Orders From Leading Indian Aerospace & Defence Major](https://angelnews.in/stocknews/order-wins/raymond-aerospace-subsidiary-33-crore-orders/): Raymond Limited has announced that its aerospace subsidiary has secured significant new business from a leading Indian aerospace and defence major, strengthening the company’s position in India’s growing aerospace manufacturing sector. The new orders cover more than 300 part numbers across precision-machined components, aerospace castings and structural components for multiple aircraft applications. The programmes are expected to generate annual business potential of approximately ₹33 crore at anticipated production rates. According to the company, annual volumes under the programmes are expected to exceed 37,000 components. Production is scheduled to progressively ramp up during 2026 and 2027. The scope of the orders extends [&hellip;]
- [Nazara Technologies Launches Bodycam UEFN in Fortnite With 3 Multiplayer Modes](https://angelnews.in/indianews/esports-gaming/nazara-technologies-bodycam-fortnite-uefn-launch-1/): Nazara Technologies has announced the launch of Bodycam UEFN, an official Fortnite adaptation of the tactical shooter Bodycam, developed by Virtaste under an agreement with Reissad Studio. The new experience brings elements associated with the original Bodycam game, including a body-camera perspective, close-quarters combat, realistic environments and tactical multiplayer gameplay, to Fortnite through Unreal Editor for Fortnite (UEFN). Players can access Bodycam UEFN by searching for Bodycam in Fortnite Discover or by entering the island code 9784-3946-5466. Bodycam comes to Fortnite through UEFN Bodycam UEFN has been designed as an expansion of the Bodycam universe for Fortnite&#8217;s player base. Nazara said [&hellip;]
- [AXISCADES Technologies Completes Acquisition of 90% Stake in Cloud Wave for Rs 234 Crore](https://angelnews.in/stocknews/acquisition/axiscades-completes-90-percent-cloud-wave-acquisition-rs-234-crore/): AXISCADES Technologies Limited has completed the acquisition of a 90% stake in Cloud Wave Technologies Private Limited, along with indirect acquisitions of 90% stakes in its wholly owned subsidiaries Prothubs System Solutions Private Limited and Aureate Polymet Private Limited. Bengaluru-based engineering and technology company AXISCADES Technologies Limited has completed the acquisition of 90% of the share capital of Cloud Wave Technologies Private Limited (Cloud Wave), marking another step in its strategy to expand its manufacturing capabilities and strengthen its aerospace and defence offerings. According to the company’s regulatory filing dated September 11, 2026, AXISCADES executed the Share Purchase Agreement with Cloud [&hellip;]
- [Dilip Buildcon Sells 51% Stake in ₹2,171 Crore Karnataka Power Transmission Project to Alpha Alternatives](https://angelnews.in/stocknews/dilip-buildcon-sells-51-percent-stake-karnataka-power-transmission-project/): Dilip Buildcon Limited (DBL) has executed definitive agreements with Alpha Alternatives Fund Advisors LLP and/or funds managed by Alpha Alternatives for the divestment of its stake in Mekhali Power Transmission Limited (MPTL), a special purpose vehicle undertaking an under-construction power transmission project in Karnataka. The transmission project has an estimated total project cost of approximately ₹2,171 crore. Under the transaction structure, DBL and Alpha Alternatives will fund the project&#8217;s equity requirement in a 51:49 ratio. Mekhali Power Transmission Limited is developing, designing and engineering a 400-kilovolt sub-station power transmission project extending approximately 470 circuit kilometres in Belagavi District, Karnataka. The project [&hellip;]
- [Adani Ports Wins 30-Year Concession to Develop Two Dry Bulk Berths at Paradip Port, Adds 18 MMT Capacity](https://angelnews.in/stocknews/apsez-paradip-port-30-year-concession-18-mmt-dry-bulk-capacity/): Adani Ports and Special Economic Zone Limited (APSEZ) has emerged as the highest bidder for the development and operation of two dry bulk berths at Paradip Port in Odisha, marking the company’s strategic expansion into eastern India’s major maritime gateway. APSEZ has received a Letter of Award (LOA) from the Paradip Port Authority for the development and operation of the CQ-I and CQ-II dry bulk berths. The project has been awarded under a 30-year concession through a competitive bidding process. The company will operate the berths under a Build, Operate and Transfer (BOT) arrangement. According to the company’s regulatory filing, APSEZ [&hellip;]
- [Steel Exchange India Enters Strategic Partnership with NMDC for Long-Term Iron Ore Supply, Supporting Expansion of Steelmaking Capacity](https://angelnews.in/latestnews/steel-exchange-india-nmdc-mou-long-term-iron-ore-procurement-1/): Steel Exchange India Limited (SEIL) has entered into a strategic Memorandum of Understanding (MoU) with NMDC Limited for the long-term procurement of iron ore, aimed at strengthening raw material security and supporting the company’s expanding steelmaking operations. Under the MoU, SEIL will establish a commercial and operational framework for procuring consistent-grade Iron Ore Fines with Fe content of 61–63% and above from NMDC’s upcoming Visakhapatnam Buffer Stockpile and Blending Yard in Andhra Pradesh. The arrangement is expected to provide SEIL with access to iron ore through multiple supply modes, including conveyor, FOB, FOR, FOT and ex-stockpile arrangements, depending on operational requirements. [&hellip;]
- [OpenAI’s Internal Model Claims to Have Solved the 90-Year-Old Navier–Stokes Millennium Prize Problem Using 10,000 AI Agents](https://angelnews.in/ai-news/openai-ai-model-navier-stokes-millennium-prize-problem-10000-ai-agents/): OpenAI has announced that an internal artificial intelligence system has produced what it describes as a solution to the Navier–Stokes existence and smoothness problem, one of the seven Millennium Prize Problems in mathematics. According to OpenAI, the system generated an analytical proof showing that a three-dimensional incompressible fluid can develop a singularity in finite time. The company has also released a formalization of the result in Lean, a proof-assistant system used to formally verify mathematical arguments. The claim, if independently validated by mathematicians, would represent a major development in mathematical research. OpenAI said it is not seeking the Millennium Prize for [&hellip;]
- [Jupiter Wagons Bags Rs 97.66 Crore Order from GATX India for BNSN22.9 Wagons](https://angelnews.in/stocknews/order-wins/jupiter-wagons-rs-97-66-crore-gatx-india-order/): Jupiter Wagons Limited has secured a Rs 97.66 crore order from GATX India Private Limited for the manufacture and supply of BNSN22.9 railway wagons, strengthening its presence in India’s private wagon leasing market. Jupiter Wagons Limited has received a significant order worth Rs 97.66 crore, including applicable taxes, from GATX India Private Limited, a subsidiary of US-based GATX Corporation. The order involves the manufacturing and supply of BNSN22.9 wagons. The development further expands Jupiter Wagons’ customer base among global wagon leasing companies and supports the company’s strategy of strengthening its presence in India’s private railway wagon ecosystem. According to the company, [&hellip;]
- [Torrent Power Commissions 322 MWp Solar Projects in Maharashtra Under MSKVY PM-KUSUM Scheme](https://angelnews.in/stocknews/torrent-power-322-mwp-solar-projects-maharashtra-mskvy-pm-kusum/): Torrent Green Energy Private Limited, a wholly owned subsidiary of Torrent Power, has commissioned 322 MWp of ground-mounted decentralised solar power projects across Nashik district, Maharashtra under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0. The projects have been developed as part of the feeder-level solarisation initiative under Component-C of the PM-KUSUM scheme, aimed at supplying renewable power closer to agricultural consumption centres. According to the company, the commissioned solar portfolio is spread across 50 locations covering 14 talukas in Nashik district. The projects are designed to support agricultural feeder solarisation and provide daytime electricity to farmers. Power generated from the [&hellip;]
- [Suzlon Secures Major 200 MW Wind Energy Order From Ayana Renewable Power; S144 Platform Crosses 10 GW Sales Milestone](https://angelnews.in/stocknews/order-wins/suzlon-200-mw-wind-order-ayana-renewable-power/): Suzlon has secured a maiden 200 MW wind energy order from Ayana Renewable Power Limited, marking another major addition to its wind project portfolio. The order will be executed in Limbawas, Madhya Pradesh, and involves the installation of 64 units of Suzlon’s flagship S144 wind turbine. The latest order also marks Suzlon’s third DevCo-led wind order across Madhya Pradesh and Andhra Pradesh. With the addition of this project, the company’s S144 platform has crossed the 10 GW milestone in cumulative sales orders. 64 Suzlon S144 Wind Turbines to Be Installed Under the project, Suzlon will deploy 64 S144 wind turbine generators, [&hellip;]
- [Organic Recycling Systems Secures ₹167.30 Crore BPCL Orders for CBG Plants in Karnataka and Chhattisgarh](https://angelnews.in/sme-stock-news/organic-recycling-systems-rs-167-30-crore-bpcl-cbg-orders/): Organic Recycling Systems Limited (ORSL) has secured two Engineering, Procurement, Construction and Operations &amp; Maintenance (EPCOM) contracts from Bharat Petroleum Corporation Limited (BPCL) for the development of organic municipal solid waste-based Compressed Biogas (CBG) plants in Mysuru, Karnataka and Raipur, Chhattisgarh. The combined value of the two contracts stands at ₹167.30 crore, including GST, strengthening ORSL’s presence in India’s growing CBG and waste-to-energy market. The company disclosed the contracts in a regulatory filing dated September 8, 2026. The projects have been awarded to Solapur Bioenergy Systems Private Limited (SBSPL), a wholly owned subsidiary of ORSL. Two CBG projects across Karnataka and [&hellip;]
- [HLE Glascoat Subsidiary Secures €20.56 Million International Order From FLC Portals Group in Denmark](https://angelnews.in/stocknews/order-wins/hle-glascoat-subsidiary-20-56-million-order-flc-portals-denmark/): HLE Glascoat Limited has announced that its step-down subsidiary, HLE Surface Technologies GmbH (HST), has secured an international contract worth approximately €20.56 million from FLC Portals Group I/S, Denmark. The company disclosed the order through a regulatory filing with the BSE and National Stock Exchange of India under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. HLE Surface Technologies Wins €20.56 Million Order As per the filing, HLE Surface Technologies GmbH, a step-down subsidiary of HLE Glascoat Limited, has received the contract from FLC Portals Group I/S for the supply of vitreous enamel cladding panels. The [&hellip;]
- [Tembo Global Industries Partners with Belgium’s Lachaussee SA for €50 Million Ammunition Production Project in India](https://angelnews.in/worldnews/tembo-global-industries-lachaussee-ammunition-production-india-e50-million/): Tembo Global Industries Ltd. has announced that its subsidiary, Tembo Classic Engineering Pvt. Ltd., has signed a Memorandum of Understanding (MoU) with Belgium-based Lachaussee SA to establish a complete production line for two types of ammunition in India. The strategic partnership, valued at approximately €50 million, is aimed at setting up an advanced manufacturing facility with an estimated production capacity of 100 million rounds of ammunition annually. Deliveries for the project are scheduled for 2028 and 2029, according to the company. Under the proposed arrangement, Tembo Classic Engineering will work with Lachaussee SA to establish a complete production line for the [&hellip;]
- [Ola Electric Opens First Dealer Stores Across 7 States, Targets 500+ Dealerships in Major Retail Expansion](https://angelnews.in/latestnews/ola-electric-first-dealer-stores-500-dealership-network/): Ola Electric has announced the opening of its first set of network-partner dealer stores across India, marking a shift towards a dealer-led distribution model as the electric two-wheeler manufacturer seeks to expand its retail presence and improve customer access. The first wave of dealer-operated outlets has gone live across Rajasthan, Tamil Nadu, Maharashtra, Bihar, Telangana, Uttar Pradesh and Madhya Pradesh. The company said the stores have been established in key regional markets to cater to local demand for Ola Electric scooters and motorcycles. The development comes less than a month after Ola Electric opened its sales and service network to dealer [&hellip;]
- [Marine Electricals India Secures Orders Worth Rs 80.77 Crore for Power Distribution Systems](https://angelnews.in/stocknews/order-wins/marine-electricals-india-rs-80-77-crore-orders-dxdc-micron/): Marine Electricals (India) Limited has received orders and a Letter of Intent (LOI) aggregating to Rs 80.77 crore, strengthening its order book in the power distribution systems segment. According to the company’s disclosure, Marine Electricals has received an LOI worth Rs 43.52 crore, excluding taxes, from DXDC Chennai Private Limited. The scope of the contract includes the supply, installation, testing and commissioning of a Power Distribution System. The delivery and execution period for the DXDC Chennai project is expected to be 4 to 5 months. In a separate development, Marine Electricals has received an order worth Rs 37.25 crore, excluding taxes, [&hellip;]
- [B.R. Goyal Infrastructure Wins Rs 108.68 Crore NHAI Work Order for Chillakallu Toll Plaza](https://angelnews.in/sme-stock-news/b-r-goyal-infrastructure-wins-rs-108-68-crore-nhai-work-order/): B.R. Goyal Infrastructure Limited has received a work order worth Rs 108.68 crore from the National Highways Authority of India (NHAI) for user fee collection at the Chillakallu Toll Plaza on NH-65. B.R. Goyal Infrastructure Limited has announced that it has received a work order from the National Highways Authority of India (NHAI) for the engagement of a user fee collection agency at the Chillakallu Toll Plaza. According to the company’s regulatory disclosure dated September 4, 2026, the work order was awarded through a competitive bidding process via e-tender. The accepted value of the order is Rs 108,68,07,575, equivalent to approximately [&hellip;]
- [Angel One August 2026 Update: Client Base Hits 39.56 Million, Funding Book Rises 40.2% YoY, Option Premium Turnover Surges 116.6%](https://angelnews.in/stocknews/angel-one-august-2026-business-update-client-base-growth/): Angel One Limited reported continued growth in its client base and mutual fund SIP activity in August 2026, while average daily orders moderated during the month, according to the company’s latest business update submitted to the stock exchanges. The stockbroking and financial services company reported a client base of 39.56 million in August 2026, compared with 39.03 million in July 2026 and 33.57 million in August 2025. The client base increased 1.4% month-on-month and 17.8% year-on-year. Client acquisition and funding book Angel One added 0.57 million gross clients during August 2026, up from 0.47 million in July and 0.55 million in [&hellip;]
- [EMS Limited Emerges as L-1 Bidder for Rs 218.65 Crore Rajasthan Sewerage Project](https://angelnews.in/stocknews/order-wins/ems-limited-rs-218-65-crore-rajasthan-sewerage-project/): EMS Limited has emerged as the Lowest Bidder (L-1) for a major sewerage infrastructure project in Rajasthan with an estimated value of Rs 218.65 crore, including GST. The project has been awarded by the Directorate of Local Bodies, Government of Rajasthan, and is expected to strengthen the company’s order pipeline in the water and wastewater infrastructure segment. The project covers sewerage and septage management works across six Urban Local Bodies (ULBs) located in the districts of Ganganagar, Hanumangarh and Churu in Rajasthan. The scope of work includes the development of sewerage systems along with Sewage Treatment Plants (STPs), as well as [&hellip;]
- [GRSE Signs MoUs With DNV and Damen to Strengthen Shipbuilding and Dredging Capabilities](https://angelnews.in/stocknews/mou/grse-mou-dnv-damen-advanced-shipbuilding-dredgers-1/): Garden Reach Shipbuilders &amp; Engineers Ltd. (GRSE) has signed two separate Memoranda of Understanding (MoUs) with global maritime organisations DNV (Det Norske Veritas) and Damen Technical Cooperation B.V., Netherlands, to expand its technological capabilities in defence shipbuilding, sustainable maritime technologies and dredger construction. The agreements were signed on September 2, 2026, during the SMM Hamburg Maritime Trade Fair in Germany. GRSE and DNV Partner on Advanced Shipbuilding Under the MoU with DNV, GRSE will combine its capabilities in warship design, shipbuilding and marine engineering with DNV’s expertise in classification, certification, technical assurance, digitalisation, sustainability and maritime advisory services. The collaboration will [&hellip;]
- [Inox Wind Secures ₹755 Crore Turnkey Order from Indian Oil Corporation](https://angelnews.in/stocknews/order-wins/inox-wind-100-mw-order-indian-oil-755-crore/): Inox Wind Limited (IWL) has secured a 100 MW turnkey order from Indian Oil Corporation Limited (IOCL), India’s largest oil marketing company. The order has a contract value of approximately ₹755 crore and includes end-to-end project execution along with post-commissioning operations and maintenance (O&amp;M) services for 10 years. Under the order, Inox Wind will undertake the complete execution of the wind power project. The scope includes the supply of wind turbine generators, engineering, procurement and construction (EPC), project execution and commissioning. The company will also provide post-commissioning O&amp;M services for a period of 10 years. The long-term maintenance component adds a [&hellip;]
- [KFin Technologies Unveils ARYA AI Platform to Enable Conversational Mutual Fund Transactions](https://angelnews.in/stocknews/kfin-technologies-unveils-arya-ai-platform-11/): KFin Technologies Limited (KFintech) has announced enhanced details of ARYA, its next-generation Conversational Intelligence and Investor Servicing Platform designed to enable investors to access mutual fund information, analyse portfolios and execute transactions through natural language interactions. According to the company, ARYA combines self-hosted Small Language Models (SLMs) with a deterministic compliance engine to support end-to-end investor transaction journeys. The platform is intended to serve investors, distributors and asset management company (AMC) servicing teams, while also being available for deployment within AMC environments and KFintech’s investor and distributor portals. KFintech’s ARYA Integrates Conversational AI With Transaction Execution ARYA is designed around an [&hellip;]
- [Bondada Engineering Incorporates Wholly Owned Subsidiary for 225 MW/450 MWh BESS Project in Andhra Pradesh](https://angelnews.in/latestnews/bondada-engineering-subsidiary-225-mw-450-mwh-bess-project/): Bondada Engineering Limited has incorporated a wholly owned subsidiary, Bondada Hindupur BESS Project Private Limited (BHBPL), to develop and operate a 225 MW/450 MWh Battery Energy Storage System (BESS) project in Andhra Pradesh. According to the company’s regulatory disclosure dated September 2, 2026, the subsidiary has been established as a Special Purpose Vehicle (SPV) for the development, financing, procurement, construction, commissioning, ownership, operation and maintenance of the project. The BESS project was awarded by AP Transco under the Build-Own-Operate (BOO) model. The project is intended to provide grid-scale energy storage capacity and associated energy management services to support the evolving power [&hellip;]
- [GPT Infraprojects Declared L1 for ₹483.7 Crore RVNL Railway Bridge Order](https://angelnews.in/stocknews/order-wins/gpt-infraprojects-rs-483-7-crore-rvnl-railway-bridge-order/): GPT Infraprojects Limited has been declared L1 (First Lowest) for a railway infrastructure order valued at ₹483.7 crore, including GST. The order value comprises ₹410 crore plus applicable GST. The order has been awarded by Rail Vikas Nigam Limited (RVNL) and involves the construction of Important Bridge 544, a 32×65.84-metre open web steel girder bridge over the Mahanadi River. The bridge will be constructed at Chainage 406305 metres as part of the development of the third and fourth railway lines between the Nergundi-Barang section under the Khurda Road Division of East Coast Railway. According to the company disclosure, the total contract [&hellip;]
- [BEML Secures ₹180.60 Crore Additional Order for Vande Bharat Sleeper Trains](https://angelnews.in/stocknews/order-wins/beml-secures-180-60-crore-additional-order-vande-bharat-sleeper-trains/): BEML Limited has secured an additional order worth approximately ₹180.60 crore from Integral Coach Factory (ICF) for the manufacturing and supply of Vande Bharat Sleeper trainsets. The company disclosed the order through a regulatory filing dated September 2, 2026. The order has been awarded to BEML for the manufacturing and supply of Vande Bharat Sleeper trainsets, adding to the company’s ongoing participation in India’s next-generation railway passenger train programme. According to the company’s filing, the order has been received from Integral Coach Factory, a major railway coach manufacturing facility under Indian Railways. BEML stated that the order is part of its [&hellip;]
- [Marine Electricals Receives Orders Worth ₹398.81 Crore for Power Distribution Systems](https://angelnews.in/stocknews/order-wins/marine-electricals-398-crore-power-distribution-system-orders/): Marine Electricals (India) Limited has received orders aggregating to ₹398.81 crore, including applicable taxes, for the supply of Power Distribution Systems (PDS), according to a regulatory filing dated August 31, 2026. The company received one order from Princeton Digital Group (India) Management Private Limited for the supply of Power Distribution Systems. The delivery of the ordered goods is scheduled to be completed over a period of 18 months. Marine Electricals has also received an order from Classic Electric for the supply of Power Distribution Systems. The delivery period for this order is 6 to 8 months. The company stated that the [&hellip;]
- [Waaree Energies Subsidiary Receives Letter of Award from SECI for 700 MW Solar and 2,800 MWh Energy Storage Project](https://angelnews.in/stocknews/order-wins/waaree-energies-subsidiary-seci-loa-700mw-solar-2800mwh/): Waaree Energies Limited has announced that its wholly owned subsidiary, Waaree Forever Energies Private Limited (WFEL), has received a Letter of Award (LOA) from Solar Energy Corporation of India Limited (SECI) for the development of a large-scale renewable energy project in Maharashtra. The LOA was received on August 27, 2026, and covers the development of a 700 MW solar power project along with a 700 MW/2,800 MWh Energy Storage Solution (ESS) in Solapur, Maharashtra. The project combines utility-scale solar generation with energy storage infrastructure, which is intended to support the integration and supply of renewable power. The award has been made [&hellip;]
- [Ola S1 Z Introduced With 301 Km IDC Range and ₹79,999 Introductory Price](https://angelnews.in/stocknews/ola-s1-z-301-km-range-price-s1-x-plus-320-km-range/): Ola Electric has introduced the S1 Z electric scooter in India, with the company positioning the model as a more affordable offering while retaining a focus on battery capacity and range. Ola Electric CEO Bhavish Aggarwal announced the model, highlighting the company&#8217;s 4680 Bharat Cell technology and in-house development capabilities. The Ola S1 Z is available with 3.1 kWh and 5.1 kWh battery options. The 3.1 kWh version offers a claimed 179 km IDC range, while the larger 5.1 kWh battery variant delivers a claimed 301 km IDC range. Both versions have a listed top speed of 70 km/h. The 3.1 [&hellip;]
- [Capacit’e Infra Projects Receives ₹741 Crore LOI from Mahindra Lifespaces for Mumbai Projects](https://angelnews.in/stocknews/capacit-e-infraprojects-741-crore-loi-mahindra-lifespaces/): Capacit’e Infraprojects Limited has received a Letter of Intent (LOI) worth approximately ₹741 crore, excluding GST, from Mahindra Lifespaces Developers Limited for construction work on two major residential projects in Mumbai. The LOI covers the Core and Shell work of Mahindra Rainforest at Kanjurmarg and Mahindra Beacon Hill at Mahalaxmi. The order strengthens Capacit’e Infraprojects’ presence in Mumbai’s real estate construction segment and adds another major developer to its client portfolio. According to the company’s disclosure, the ₹741 crore LOI was received in the normal course of business and forms part of Capacit’e Infraprojects’ ordinary civil contracting operations. Commenting on the [&hellip;]
- [HAL-Safran Sign Landmark Final Contract for 3,500–4,000 shp Aravalli Engine to Power India’s Next-Generation Helicopters](https://angelnews.in/indianews/defence-news/hal-safran-aravalli-helicopter-engine-contract-3500-4000-shp/): Hindustan Aeronautics Limited (HAL) and Safran Helicopter Engines have signed a final contract with SAFHAL Helicopter Engines Pvt. Ltd. (SAFHAL) for the design, development, manufacture, supply and lifecycle support of the Aravalli engine, a new-generation high-power helicopter engine in the 3,500 to 4,000 shaft horsepower (shp) class. The Aravalli engine has been selected to power HAL’s upcoming 13-ton Indian Multi-Role Helicopter (IMRH) and its naval variant, the Deck-Based Multi-Role Helicopter (DBMRH). The agreement marks a significant step in the development of indigenous propulsion capabilities for India’s next-generation rotorcraft programmes. The contract was signed by HAL Director, Engineering, Research &amp; Development, Mr. [&hellip;]
- [SEPC Gets In-Principle Approval to Enter UAE Petroleum Trading With 100% Acquisition of Wintality Petroleum FZE](https://angelnews.in/worldnews/sepc-100-acquisition-wintality-petroleum-uae/): SEPC Limited has received in-principle approval from its Board to enter the UAE petroleum trading business through the proposed 100% acquisition of Wintality Petroleum FZE, a UAE-based company engaged in the import, export and global trading of refined petroleum products. The proposed transaction will be executed through a share swap without any cash outflow. Under the restructuring, SEPC’s wholly owned UAE subsidiary, SEPC FZE, Sharjah, will acquire Wintality Petroleum FZE. Following completion, Wintality Petroleum FZE will become a step-down subsidiary of SEPC Limited. As part of the transaction, SEPC FZE’s existing share capital of one share with a face value of [&hellip;]
- [BMW Ventures Secures ₹24.98 Crore Order From Tata Projects for TMT Steel Supply](https://angelnews.in/sme-stock-news/bmw-ventures-rs-24-98-crore-tata-projects-order/): BMW Ventures Limited has secured two purchase orders worth a combined ₹24.98 crore from Tata Projects Limited for the supply of TMT steel for the 3&#215;800 MW USCTPP-Adani Project. The company disclosed the order on August 25, 2026, through a filing with the stock exchanges under Regulation 30 of the SEBI Listing Regulations. According to the company’s disclosure, the total value of the two purchase orders stands at ₹24,98,34,320, inclusive of all applicable taxes. The orders involve the supply of TMT Steel FE-550D Grade for the 3&#215;800 MW USCTPP-Adani Project. The purchase orders have been awarded by Tata Projects, a domestic [&hellip;]
- [Tata Communications, Tata Motors Passenger Vehicles Partner to Bring 5G Connectivity to Sierra.ev](https://angelnews.in/stocknewsindia/tata-communications-tata-motors-sierra-ev-5g-connectivity/): Tata Communications and Tata Motors Passenger Vehicles (TMPV) have announced a collaboration to accelerate software-defined vehicle (SDV) deployment in India, with the newly launched Sierra.ev set to feature built-in 5G cellular connectivity. The partnership aims to support connected vehicle services and enable a wider range of digital experiences for customers. Under the collaboration, Tata Communications’ MOVE Connected Vehicle Platform will be integrated with the Sierra.ev’s SDV platform, N-JO. The integration is designed to provide seamless connectivity and a digital-first in-vehicle experience while creating a scalable technology foundation for future software-enabled applications. The companies said the technology will support features such as [&hellip;]
- [Suzlon Secures New 250 MW Wind Order From Torrent Green Energy, Partnership Crosses 1.3 GW](https://angelnews.in/stocknews/order-wins/suzlon-250-mw-torrent-green-energy-order-1-3-gw/): Suzlon Energy Limited has received a new 250 MW wind energy order from Torrent Green Energy, a company within the Torrent Group, further expanding the long-standing partnership between the two companies. With the latest order, their cumulative wind energy partnership has crossed 1.3 GW across Gujarat, Karnataka and Madhya Pradesh. Under the latest contract, Suzlon will supply 76 of its flagship S144 wind turbine generators, each with a rated capacity of 3.3 MW. The company will also provide grid integration support and long-term Operations and Maintenance (O&amp;M) services as part of the order. The new contract marks the sixth order placed [&hellip;]
- [Garden Reach Shipbuilders Secures ₹45.02 Crore Order for Two Electric Ferries](https://angelnews.in/stocknews/order-wins/grse-45-crore-order-electric-ferries/): Garden Reach Shipbuilders &amp; Engineers Ltd. (GRSE) has received an order worth ₹45.02 crore from West Bengal Tourism Development Corporation Ltd. (WBTDCL) for the procurement of two 100-passenger electric ferries. According to the company’s regulatory disclosure, the order was received on August 24, 2026. The contract involves the procurement of two electric ferries with a capacity of 100 passengers each. The order has been classified as a domestic contract. The project is scheduled to be completed within 18 months from the date of signing of the contract. The total consideration for the order stands at ₹45.02 crore. The contract has been [&hellip;]
- [Tolins Tyres’ Subsidiary Terra Rubber Starts Construction of Reclaim Rubber Facility in Palakkad](https://angelnews.in/sme-stock-news/tolins-tyres-reclaim-rubber-facility-palakkad-1/): Kerala-based tyre and treads manufacturer Tolins Tyres Ltd has announced the groundbreaking of a new Reclaim Rubber manufacturing facility in Palakkad through its 100% wholly owned subsidiary, Terra Rubber Private Limited. The facility is aimed at expanding the company’s presence across the rubber value chain while increasing the use of recycled raw materials. The proposed facility will process scrap tyres and other rubber waste, including rubber compound waste, as key raw materials for manufacturing Reclaimed Rubber. Through a controlled devulcanisation process, the facility will recover usable rubber from waste materials and convert it into Reclaimed Rubber that can be incorporated into [&hellip;]
- [Ceigall India JV Secures Rs 704.70 Crore Arunachal Pradesh Highway Project from MoRTH](https://angelnews.in/stocknews/order-wins/ceigall-india-rs-704-crore-arunachal-pradesh-highway-project/): Ceigall India Limited, in a joint venture with Sushee Infra &amp; Mining Limited, has received a Letter of Acceptance (LoA) from the Ministry of Road Transport &amp; Highways (MoRTH) for a road construction project worth Rs 704.70 crore, excluding GST, in Arunachal Pradesh. The joint venture comprises Ceigall India with a 74% share and Sushee Infra &amp; Mining with the remaining 26%. The contract has been awarded under the Engineering, Procurement and Construction (EPC) mode and is classified as a domestic project. The project involves the construction of a road from km 85.60 to km 168.00 of the Lada-Sarli section of [&hellip;]
- [Tata Power Commissions 190.5 MW Solar FDRE Project in Rajasthan With 115 MWh Battery Storage](https://angelnews.in/latestnews/tata-power-190-5-mw-fdre-project-rajasthan/): Tata Power Renewable Energy Limited (TPREL) has commissioned a 190.5 MW solar Firm and Dispatchable Renewable Energy (FDRE) project at Kalasar in Bikaner, Rajasthan. The project has been developed under the SJVN Firm and Dispatchable Renewable Energy (FDRE) Tranche-1 initiative and forms part of a larger 460 MW FDRE project. The commissioned project is designed to combine large-scale solar power generation with energy storage and grid-support technologies. It includes a 115 MWh advanced Battery Energy Storage System (BESS), aimed at supporting grid reliability and enabling more consistent renewable power delivery. The project will supply electricity to Haryana Power Purchase Centre (HPPC), [&hellip;]
- [GRSE and YIL Announce ₹3,420 Crore Expansion Plan Across Shipbuilding and Defence Manufacturing Facilities](https://angelnews.in/stocknews/investment-news/grse-expansion-plan-west-bengal-2670-crore/): Garden Reach Shipbuilders &amp; Engineers Ltd. (GRSE) and Yantra India Limited (YIL) have announced major expansion plans for shipbuilding and defence manufacturing capabilities in West Bengal, with investments spanning new and upgraded facilities at Raichak, Shalimar, Kidderpore Docks and Ishapore. The foundation stone for five brownfield expansion projects was laid at GRSE Bhavan in Kolkata on August 23, 2026, in the presence of Defence Minister Rajnath Singh and West Bengal Chief Minister Suvendu Adhikari. The projects are aimed at expanding manufacturing infrastructure, supporting future defence and maritime requirements and strengthening domestic production capabilities. GRSE to Invest ₹2,670 Crore in Three Facilities [&hellip;]
- [TVS Supply Chain Solutions Signs MoU With Japan’s Sankyu to Expand Supply Chain and Engineering Services](https://angelnews.in/stocknews/mou/tvs-supply-chain-solutions-sankyu-mou-0-5-stake/): TVS Supply Chain Solutions Limited (TVS SCS) has signed a strategic Memorandum of Understanding (MoU) with Japan-based Sankyu Inc. to explore growth opportunities across supply chain and engineering services. As part of the proposed collaboration, Sankyu intends to acquire a 0.5% equity stake in TVS Supply Chain Solutions, subject to customary regulatory approvals. The partnership is aimed at combining TVS SCS’s supply chain capabilities, market presence and customer relationships with Sankyu’s engineering expertise, logistics operations and established relationships across Japan’s industrial ecosystem. The companies plan to explore integrated solutions covering logistics, warehousing, transportation, engineering services, maintenance and on-site industrial support. The [&hellip;]
- [Smartworks Secures ₹235 Crore Incremental Rental Revenue as Enterprise Business Drives 92% of Revenue](https://angelnews.in/stocknews/smartworks-adds-rs-235-crore-contracted-rental-revenue/): Smartworks Coworking Spaces Limited has announced an addition of approximately ₹235 crore to its incremental contracted rental revenue through expansion mandates from existing enterprise clients. The company said the new revenue comes from clients including Fortune 500 companies, Forbes 2000 companies and large Indian conglomerates. The additional contracted rental revenue is based on expansion commitments secured from existing customers across multiple cities. According to the company, the new mandates carry engagement tenures of up to 60 months and add to its contracted rental revenue base of approximately ₹5,400 crore as of June 30, 2026. Smartworks said several of the expansion mandates [&hellip;]
- [Ceigall India Secures ₹225 Crore Order for Bulk Drug Park Development in Himachal Pradesh](https://angelnews.in/stocknews/order-wins/ceigall-india-225-crore-bulk-drug-park-order-himachal-pradesh/): Ceigall India Limited has received a Letter of Award (LOA) worth ₹225 crore from Himachal Pradesh State Industrial Development Corporation Limited (HPSIDC) for infrastructure development at the Bulk Drug Park in Una, Himachal Pradesh. The order was disclosed by the company on August 21, 2026, under the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations. The project covers the development of infrastructure at the Bulk Drug Park at Una district in Himachal Pradesh. The scope of work includes formation cutting, construction of internal roads, stormwater drains, a bridge and fencing, along with other associated development works. The ₹225 crore order, including [&hellip;]
- [Tata Steel Completes 23% Acquisition in TM International Logistics for ₹335 Crore](https://angelnews.in/stocknews/acquisition/tata-steel-completes-tmill-stake-acquisition-335-crore/): Tata Steel has completed the acquisition of a 23% equity stake in TM International Logistics Limited (TMILL) for ₹335 crore, strengthening its ownership in the logistics joint venture. The transaction was completed on August 20, 2026, following approval from the Competition Commission of India (CCI). According to the company’s regulatory filing, Tata Steel acquired 4.14 crore equity shares of TMILL with a face value of ₹10 each. The shares were purchased at ₹81 per share from NYK Holding Europe B.V. (NYK) and IQ Martrade Holding and Management GmbH (IQ). Following the transaction, Tata Steel’s holding in TM International Logistics has increased [&hellip;]
- [US National Debt Crosses $40 Trillion and Hits $40.05 Trillion After Rising $60.77 Billion in One Day](https://angelnews.in/worldnews/us-national-debt-crosses-40-trillion-august-2026/): The total public debt outstanding of the United States rose to $40.05 trillion on August 18, 2026, according to the latest figures from the U.S. Treasury’s Debt to the Penny dataset. Total public debt outstanding stood at $40,047,425,768,420.22 on August 18. The figure comprises debt held by the public and intragovernmental holdings. Debt Held by Public at $32.27 Trillion Debt held by the public stood at $32,265,798,542,898.08 on August 18, accounting for the largest portion of the total U.S. national debt. Intragovernmental holdings were recorded at $7,781,627,225,522.14. Together, the two components brought total public debt outstanding to more than $40 trillion. [&hellip;]
- [IndiQube Secures ₹68 Crore Workspace Deal for Nearly 1,300 Seats in Bengaluru](https://angelnews.in/stocknews/indiqube-1300-seat-workspace-deal-bengaluru-68-crore/): IndiQube has announced a major workspace expansion deal with a leading global audio series platform, involving nearly 1,300 seats at its tech park facility on Outer Ring Road (ORR), Bengaluru. The deal is valued at approximately ₹68 crore and expands the existing relationship between the two companies. The audio series platform initially operated from IndiQube’s Koramangala facility before expanding its operations and transitioning to the larger enterprise workspace on Bengaluru’s ORR. The new facility is designed to accommodate the company’s growing workforce and operational requirements. Rishi Das, Co-founder of IndiQube, said the client had been associated with the company since its [&hellip;]
- [Exicom Becomes First Company in India to Manufacture Liquid-Cooled Power Modules for EV Chargers](https://angelnews.in/stocknewsindia/exicom-liquid-cooled-power-modules-ev-chargers/): Exicom Tele-Systems Limited has announced the start of manufacturing liquid-cooled AC and DC power modules for electric vehicle (EV) chargers at its Smart Manufacturing Facility in Hyderabad, Telangana. The company said the development makes it the first company in India to manufacture liquid-cooled power electronics for EV charging applications. The new manufacturing capability is part of Exicom’s strategy to expand its advanced EV charging technology portfolio and strengthen India’s position as a manufacturing base for technology-intensive power electronics. The company plans to supply the modules to international markets as well as support its domestic operations. Liquid cooling is designed to address [&hellip;]
- [Oriana Power Wins ₹214.80 Crore EPC Contract for 50 MW Solar Projects in Rajasthan](https://angelnews.in/stocknews/order-wins/oriana-power-214-80-crore-epc-contract-50-mw-solar-rajasthan/): Oriana Power Limited has received an Engineering, Procurement and Commissioning (EPC) contract for setting up solar power projects with an aggregate capacity of 50 MW in Rajasthan. The company disclosed the development in a regulatory filing dated August 19, 2026. The aggregate value of the contract is ₹214.80 crore, including GST. The order has been awarded by a domestic entity operating in the cement industry and covers engineering, procurement and commissioning services for the solar projects. According to the company, the EPC contract is scheduled to be executed within nine months. Following the project’s Commercial Operation Date, Oriana Power will also [&hellip;]
- [Royal Enfield Launches Classic 350 Gorkha Edition at ₹2.10 Lakh With Gorkha-Inspired Design](https://angelnews.in/latestnews/royal-enfield-classic-350-gorkha-edition-launched-price-features/): Royal Enfield has launched the new Classic 350 Gorkha Edition in India, introducing a special version of its popular Classic 350 motorcycle inspired by the heritage and traditions of the Gorkha Regiment. The new edition has been positioned as a tribute to the regiment’s legacy of courage, discipline and resilience. The Royal Enfield Classic 350 Gorkha Edition is priced at ₹2,10,684 ex-showroom in New Delhi. Bookings for the motorcycle have opened from August 18, 2026. Royal Enfield Classic 350 Gorkha Edition Design The Classic 350 Gorkha Edition features a distinctive Gorkha Green colour scheme along with a bespoke insignia inspired by [&hellip;]
- [Advait Energy Transitions Secures ₹116 Crore Order From KPI Green Energy for 200 MW Solar Project](https://angelnews.in/stocknews/order-wins/advait-energy-transitions-116-crore-order-200-mw-solar-project/): Advait Energy Transitions Limited has secured a turnkey engineering, procurement and construction (EPC) contract worth ₹116 crore from KPI Green Energy Limited for a 200 MW solar power project in Bikaner, Rajasthan. The company disclosed the order through a regulatory filing dated August 18, 2026. The contract has been awarded to Advait Greenery Private Limited, a material subsidiary of Advait Energy Transitions. The project involves a 200 MW solar ground-mounted HSAT 33 kV installation at Bikaner, Rajasthan. Under the contract, Advait Greenery will undertake the project’s design, supply, services, testing and commissioning. The total contract value stands at ₹116 crore, excluding [&hellip;]
- [Ola Electric Unveils Indigenous LFP Energy Storage Portfolio With 4.6 kWh to 6.26 MWh Capacity for Homes Businesses Industries and Grid Projects](https://angelnews.in/latestnews/ola-electric-shakti-mahashakti-energy-storage-portfolio-4-6-kwh-to-6-26-mwh/): Ola Electric has unveiled a new energy storage portfolio covering residential, commercial, industrial and utility-scale applications as the company expands beyond electric mobility. The portfolio, built around indigenous lithium iron phosphate (LFP) battery technology, includes the Shakti and Mahashakti product families. The company announced the portfolio on August 17, 2026, with the products designed to store electricity for use during periods of low generation, support backup requirements and provide grid-scale energy management capabilities. Ola Electric Expands Energy Storage Portfolio The new portfolio is based on Ola Electric&#8217;s vertically integrated cell-to-system capabilities and is structured across three major segments: residential energy storage [&hellip;]
- [EFC (I) Limited Expands Pune Footprint with 95,897 Sq. Ft. Managed Office Facility and 2,000+ New Seats With ₹70 Crore Revenue Potential](https://angelnews.in/stocknews/efc-i-limited-pune-expansion-95897-sq-ft-managed-office-facility/): EFC (I) Limited has expanded its managed office footprint in Pune by taking the entire 95,897 sq. ft. building at Koregaon Park Annex on a long-term lease. The new facility is expected to add more than 2,000 seats to the company’s managed office portfolio and has a revenue potential of more than ₹70 crore. EFC Adds 95,897 Sq. Ft. Managed Office Facility in Pune The company has entered into a lease for the entire building, which has a total floor area of 95,897 sq. ft. The facility is an A+ category building and will be operated under EFC’s control. The company [&hellip;]
- [Balu Forge Industries Secures Multi-Month Contract for 155mm ERFB Ammunition Shells](https://angelnews.in/stocknews/order-wins/balu-forge-industries-155mm-erfb-contract/): Balu Forge Industries Ltd (BFIL) has received a multi-month contract for the supply of 155mm Extended Range Full Bore (ERFB) ammunition shells, including Base Bleed (BB) and Boat Tail (BT) variants, following the successful execution of its initial purchase order. The company said the contract marks the commercialisation of its 155mm ERFB BB and BT shells after completing the first purchase order from an Indian ammunition player. The development expands Balu Forge Industries’ presence in the defence ammunition segment and adds to its portfolio of large-calibre artillery products. Initial Supply of 10,000 Units Under the contract, the pilot supply will comprise [&hellip;]
- [BITS Pilani Amaravati Campus Planned With ₹1,000 Crore Investment and 1.59 Million Sq Ft Built-Up Area](https://angelnews.in/indianews/andhra-pradesh-news/bits-pilani-amaravati-campus-1000-crore-project/): The Birla Institute of Technology and Science (BITS Pilani) has outlined plans for a permanent campus for its Amaravati campus in Andhra Pradesh, with the project estimated to involve an investment of ₹1,000 crore. According to project details shown in the campus planning documents, the proposed development is located across areas in Mandadam and Venkatapalem villages in Thullur mandal of Amaravati, Guntur district. The planned campus covers approximately 28.33 hectares. ₹1,000 Crore Project Investment The proposed BITS Pilani Amaravati permanent campus has an estimated project cost of ₹1,000 crore. The project planning documents identify the Andhra Pradesh Capital Region Development Authority [&hellip;]
- [Zaggle Q1 FY27 Results: Revenue Up 27.5% YoY to ₹423.27 Crore, EBITDA Rises 4% YoY to ₹34.74 Crore](https://angelnews.in/stocknews/results/zaggle-q1-fy27-results-revenue-pat-yoy/): Zaggle Prepaid Ocean Services Limited reported a 27.5% year-on-year increase in consolidated revenue from operations to ₹423.27 crore for the quarter ended June 30, 2026, compared with ₹331.97 crore in Q1 FY26. However, profit after tax (PAT) declined 32.9% YoY to ₹17.53 crore from ₹26.11 crore. The SaaS fintech company, which provides spend management products and financial technology solutions, announced its unaudited financial results for the first quarter of FY27 on August 14, 2026. Revenue Performance Zaggle&#8217;s consolidated revenue from operations increased to ₹423.27 crore in Q1 FY27 from ₹331.97 crore in the corresponding quarter of the previous financial year, marking [&hellip;]
- [Olectra Greentech Q1 FY27 Results: Revenue Surges 65.8% YoY to ₹575.51 Crore and Net Profit Rises 2.42% YoY to ₹26.66 Crore](https://angelnews.in/stocknews/results/olectra-greentech-q1-fy27-results-revenue-net-profit/): Olectra Greentech Limited reported a consolidated net profit of ₹26.66 crore for the quarter ended June 30, 2026, compared with ₹26.03 crore in the corresponding quarter of the previous year. The company announced its financial results after a board meeting held on August 13, 2026. The company&#8217;s consolidated revenue from operations stood at ₹575.51 crore in the first quarter of FY27, compared with ₹347.22 crore in the same quarter of FY26, marking a year-on-year increase of around 65.8%. Olectra Greentech Revenue Performance Olectra Greentech reported total income of ₹577.69 crore for the June 2026 quarter, compared with ₹352.55 crore in the [&hellip;]
- [Aurionpro Solutions Secures Nearly ₹100 Crore Order from Global Hyperscale Data Centre Operator for AI-Ready Facility in Navi Mumbai](https://angelnews.in/stocknews/aurionpro-solutions-100-crore-ai-data-centre-order/): Aurionpro Solutions Limited has secured an order valued at close to ₹100 crore from a global hyperscale data centre operator to build and project-manage digital infrastructure for an upcoming AI-ready data centre in Navi Mumbai, Maharashtra. The order further expands Aurionpro’s existing relationship with the global hyperscale operator and strengthens the company’s presence in India’s rapidly growing data centre infrastructure market. Aurionpro to Build AI-Ready Data Centre Infrastructure Under the project, Aurionpro Solutions will be responsible for building and project-managing the digital infrastructure required for the customer’s upcoming AI-ready data centre in Navi Mumbai. The project is aligned with the increasing [&hellip;]
- [Sarvam AI Partners with Maharashtra Government to Deploy Indus AI Across Maharashtra Government Departments](https://angelnews.in/ai-news/sarvam-maharashtra-government-indus-ai-deployment-2500/): Sarvam has partnered with the Government of Maharashtra to deploy Indus, its sovereign AI workspace, across state government departments. Around 2,500 government officials are expected to use the platform as part of their daily administrative work. Indus AI Workspace to Support Government Officials Under the partnership, Maharashtra has approved the deployment of Sarvam’s Indus AI workspace across its departments. The platform is designed to assist officials with research, document processing, drafting and other routine administrative tasks. Officials will be able to use Indus for deep research across government policies and precedents, prepare first drafts of notes and replies, translate documents and [&hellip;]
- [JSW Energy Subsidiary JSW Neo Energy Signs Agreement With Bhutan’s DGPC to Jointly Develop 920 MW Punatsangchhu-III Hydroelectric Project](https://angelnews.in/worldnews/jsw-energy-920-mw-hydropower-project-bhutan/): JSW Energy Limited has announced that its wholly owned subsidiary, JSW Neo Energy Limited, has signed a Shareholders’ Agreement with Druk Green Power Corporation Limited (DGPC), a company wholly owned by the Royal Government of Bhutan, for the joint development of a 920 MW hydroelectric power project in Bhutan. The agreement was signed on August 12, 2026, for the development of the Punatsangchhu-III Hydroelectric Project in Wangdue Phodrang District, Bhutan. The project will be developed through a joint venture company proposed to be incorporated in Bhutan. JSW Neo Energy to Hold 49% Stake Under the proposed joint venture structure, DGPC will [&hellip;]
- [Krystal Integrated Services Acquires 100% Stake in Citelum India to Target ₹300–350 Crore Annual Revenue](https://angelnews.in/sme-stock-news/krystal-integrated-services-acquires-citelum-india-stake/): Krystal Integrated Services Limited has acquired a 100% stake in Citelum India Private Limited, marking the company’s entry into the city lighting and urban infrastructure services segment. Citelum India is currently held by shareholders including Citelum S.A.S., France, which is part of the France government-owned EDF Group. The acquisition is expected to expand Krystal Integrated Services’ presence beyond facility management and technical operations into infrastructure-linked services, with a focus on city lighting, urban infrastructure and related engineering solutions. Krystal Targets ₹300–350 Crore Annual Revenue Following the acquisition, Krystal Integrated Services is targeting annual revenue of ₹300–350 crore from its city lighting [&hellip;]
- [Ola Electric Gets Five-Year PLI Window Through CY2031 With Up to ₹7,240 Crore Incentives for Advanced Battery Manufacturing](https://angelnews.in/stocknews/ola-electric-acc-pli-7240-crore-incentive-cy2031/): Ola Electric Mobility Limited has announced that the Ministry of Heavy Industries (MHI) has approved revised timelines under the Advanced Chemistry Cell (ACC) Production Linked Incentive (PLI) Scheme for its wholly owned subsidiary, Ola Cell Technologies Private Limited. The revised schedule provides the company with a full five-year incentive window through calendar year 2031. Under the revised timeline, Ola Electric is eligible for cumulative PLI incentives of up to ₹7,240 crore. The incentives are scheduled to be disbursed quarterly over the next five years, beginning from the next quarter, subject to the applicable scheme conditions. Government Revises ACC PLI Timeline The [&hellip;]
- [DAM Capital Advisors Q1 FY27 Results: Total Income Falls 2.9% YoY to ₹30 Crore and PAT Declines to ₹0.15 Crore](https://angelnews.in/stocknews/results/dam-capital-advisors-q1-fy27-results/): DAM Capital Advisors Limited reported its audited financial results for the quarter ended June 30, 2026. The company&#8217;s total income stood at ₹30 crore in Q1 FY27, compared with ₹30.9 crore in Q1 FY26, registering a 2.9% year-on-year decline. On a sequential basis, total income increased from ₹29.3 crore in Q4 FY26. The company said its quarterly performance was impacted by challenging market conditions, geopolitical uncertainties, elevated crude oil prices and subdued investor sentiment. Merchant Banking Revenue Rises 3.7% YoY Revenue from merchant banking stood at ₹9.5 crore in Q1 FY27, compared with ₹9.1 crore in Q1 FY26. This represents a [&hellip;]
- [Antony Waste Handling Cell Wins ₹243.22 Crore GNIDA Contract for Electric Road Sweeping Services](https://angelnews.in/stocknews/order-wins/antony-waste-handling-cell-wins-243-22-crore-gnida-contract/): Antony Waste Handling Cell Limited has received a contract from the Greater Noida Industrial Development Authority (GNIDA) for the procurement and engagement of Electric Mechanical Road Sweeping Machines (MRSMS), along with comprehensive operation and maintenance (O&amp;M) services. According to the company’s regulatory filing dated August 11, 2026, the contract covers roads under the jurisdiction of the Greater Noida East Zone in Uttar Pradesh. The project is expected to generate revenue of approximately ₹243.22 crore over a five-year period. Contract Details The contract has been awarded by the Greater Noida Industrial Development Authority and is classified as a domestic order. The scope [&hellip;]
- [Flair Writing Industries Subsidiary Expands Stainless Steel Bottle Manufacturing Capacity With Fourth Production Line](https://angelnews.in/stocknews/flair-writing-industries-fourth-stainless-steel-bottle-manufacturing-line/): Flair Writing Industries Limited has announced that its subsidiary, Flair Cyrosil Industries Private Limited (FCIPL), has placed an order for a fourth manufacturing line for stainless steel bottles and other products. The expansion is aimed at increasing production capacity and supporting the company’s growing presence in the stainless steel bottles and houseware products segment. FCIPL currently operates three stainless steel bottle manufacturing lines. The fourth next-generation manufacturing line is expected to be commissioned by the fourth quarter of FY27 and is estimated to increase the subsidiary’s manufacturing capacity by approximately 35%. According to the company, the new production line will incorporate [&hellip;]
- [V2 Retail Reaches 400-Store Milestone With 75 New Stores Added in FY27](https://angelnews.in/latestnews/v2-retail-reaches-400-store-milestone-with-75-new-stores-added-in-fy27/): V2 Retail Limited has reached a new retail expansion milestone with the opening of its 400th store, the company said in a regulatory filing dated August 11, 2026. The company has added 75 new stores during the current financial year, taking its total store count to 400. The milestone was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. V2 Retail operates in the value-fashion retail segment and has been expanding its physical store network as part of its growth strategy. V2 Retail Store Expansion According to the company, the opening of the 400th store marks [&hellip;]
- [ఇంటర్నెట్ లేకుండా పనిచేసే మెటా మ్యూస్ గ్లిమ్మర్ AI మోడల్ విడుదల – Mac మరియు PCలో నేరుగా పనిచేసే 30 బిలియన్ పరామీటర్ల AI మోడల్](https://angelnews.in/telugu-news/meta-muse-glimmer-ai-model-local-device-telugu/): మెటా తాజాగా మ్యూస్ గ్లిమ్మర్ అనే 30 బిలియన్ పరామీటర్లతో కూడిన ఓపెన్ వెయిట్ AI మోడల్‌ను విడుదల చేసింది. ఈ మోడల్‌ను Apache 2.0 లైసెన్స్ కింద అందుబాటులోకి తీసుకువచ్చింది, దీని ద్వారా డెవలపర్లు స్వేచ్ఛగా ఉపయోగించి తమ అవసరాలకు అనుగుణంగా అభివృద్ధి చేసుకోవచ్చు. లోకల్ AI వినియోగంపై దృష్టి మ్యూస్ గ్లిమ్మర్ ప్రత్యేకంగా లోకల్ డివైస్‌లపై పనిచేయడానికి రూపొందించబడింది. ఇది ఒకే GPU ఉన్న Mac లేదా PCలో కూడా సాఫీగా నడుస్తుంది. దీంతో క్లౌడ్ కనెక్షన్ లేకపోయినా AI ఆధారిత పనులను నిర్వహించుకోవచ్చు. కోడింగ్ అసిస్టెంట్లు, టాస్క్ ఆటోమేషన్ ఏజెంట్లు మరియు ఇతర AI అప్లికేషన్లలో దీనిని ఉపయోగించవచ్చు. శిక్షణ విధానం మెటా ఈ మోడల్‌ను మూడు ప్రధాన దశల్లో ట్రైన్ చేసింది: ప్రీ-ట్రైనింగ్ దశలో పెద్ద మోడల్ నుంచి డేటాను డిస్టిలేషన్ పద్ధతిలో ఉపయోగించింది మిడ్-ట్రైనింగ్ దశలో లాంగ్ కాంటెక్స్ట్ మరియు ఏజెంట్ ఆధారిత డేటాతో శిక్షణ [&hellip;]
- [Motilal Oswal AMC Crosses ₹2 Lakh Crore AUM Milestone Driven by Strong SIP Inflows](https://angelnews.in/stocknewsindia/midcapstocknews/motilal-oswal-amc-crosses-2-lakh-crore-aum-2026/): Motilal Oswal Asset Management Company (MOAMC) has announced that its total Assets Under Management (AUM) across mutual funds, alternative investment funds (AIFs), and portfolio management services (PMS) has surpassed ₹2 lakh crore as of August 7, 2026. The milestone highlights the firm’s continued growth and its focus on a disciplined, long-term investment strategy. The company attributes its expansion to its Quality, Growth, Longevity and Price (QGLP) investment philosophy, which emphasizes high-growth, earnings-focused portfolios supported by strong risk management practices. The achievement further strengthens MOAMC’s position as an equity-focused asset manager in India. MOAMC operates a diversified investment platform spanning mutual funds, [&hellip;]
- [Airtel and ITI Limited Collaboration to Offer Private 5G, SD-WAN, and Sovereign Cloud Services for Indian Enterprises](https://angelnews.in/stocknews/airtel-business-iti-limited-partnership-digital-transformation-india/): Bharti Airtel’s enterprise arm, Airtel Business, has entered into a strategic partnership with ITI Limited to support large-scale digital transformation initiatives across India. The collaboration aims to deliver integrated, future-ready solutions that help enterprises modernize operations, enhance security, and scale efficiently. The partnership combines Airtel Business’s connectivity and digital capabilities with ITI Limited’s engineering and manufacturing expertise. Together, the companies plan to offer a comprehensive portfolio of services spanning enterprise connectivity, sovereign cloud, data center solutions, Internet of Things (IoT), artificial intelligence (AI)-driven applications, and cybersecurity. According to the official announcement, the collaboration is aligned with India’s broader digital growth agenda [&hellip;]
- [Blue Cloud Softech Signs ₹1,440 Crore ($150 Million) Deal with SpaceX International for AI and Data Centre Solutions](https://angelnews.in/worldnews/blue-cloud-softech-signs-1440-crore-150-million-deal-with-spacex/): Blue Cloud Softech Solutions Limited has announced the signing of a $150 million deal, equivalent to approximately ₹1,440 crore at current exchange rates, with SpaceX International Ltd., Malaysia, to deliver advanced AI infrastructure, cybersecurity, telecommunications and data centre solutions. The contract has been secured through the company’s wholly owned subsidiary, Blue Cloud Softech Solutions Ltd – USA. It represents a minimum contractual commitment of $150 million over an 18-month period and forms part of a broader Master Services Agreement between the two entities. Under the agreement, Blue Cloud Softech will design, build, integrate and operate a sovereign-grade AI compute and data [&hellip;]
- [Quality Power Q1 FY27 Results: Revenue Rises 32.1% YoY to ₹256.4 Crore and PAT Jumps 47.2% YoY to ₹54.5 Crore](https://angelnews.in/stocknews/results/quality-power-q1-fy27-results-revenue-256-4/): Quality Power Electrical Equipments Limited reported a robust financial performance for the first quarter of FY27, with strong growth across revenue, profitability, and order inflows. The company announced its consolidated results for the quarter ended June 30, 2026, highlighting continued momentum in power transmission and energy transition equipment. The company’s total revenue increased 32.1% year-on-year to ₹256.4 crore in Q1 FY27, compared to ₹194.1 crore in Q1 FY26. However, on a sequential basis, revenue declined from ₹309.8 crore reported in Q4 FY26, reflecting typical execution timing variations. Cost of goods sold rose to ₹135.3 crore from ₹107.6 crore YoY, while gross [&hellip;]
- [Sky Gold and Diamonds Q1 FY27 Results: Revenue Jumps 78% YoY to ₹2,012.8 Crore and PAT Surges 2.4x to ₹104.9 Crore](https://angelnews.in/stocknews/results/sky-gold-diamonds-q1-fy27-results-revenue-pat-growth/): Sky Gold and Diamonds Limited reported a strong performance for the first quarter of FY27, with significant growth in both revenue and profitability, supported by robust demand and operational efficiency improvements. The company’s consolidated revenue rose 77.9% year-on-year to ₹2,012.8 crore in Q1 FY27, compared to ₹1,131.2 crore in the same quarter last year. Profit after tax (PAT) increased sharply by around 2.4 times to ₹104.9 crore, reflecting improved margins and scale efficiencies. The company also reported a transition to positive operating cash flow during the quarter. Sky Gold and Diamonds Q1 FY27 Revenue and Profitability Growth The company recorded strong [&hellip;]
- [PNC Infratech Q1 FY27 Results: PAT Jumps 234% YoY to ₹271 Crore and Revenue Rises 34% YoY to ₹1518 Crore](https://angelnews.in/stocknews/results/pnc-infratech-q1-fy27-results-revenue-pat-order-book-growth/): PNC Infratech Limited reported its financial results for the quarter ended June 30, 2026, highlighting improved performance on a consolidated basis, supported by execution momentum and contribution from arbitration awards. The company announced that its consolidated revenue stood at ₹1,688 crore in Q1 FY27, compared to ₹1,423 crore in the corresponding quarter last year, reflecting a year-on-year growth of around 18.6%. Profit after tax (PAT) came in at ₹332 crore, though it was lower compared to ₹431 crore reported in Q1 FY26. On a standalone basis, revenue increased to ₹1,518 crore from ₹1,136 crore in the year-ago period, marking a growth [&hellip;]
- [Ola Electric Q1 FY27 Results: Revenue Declines 45% YoY to ₹455 Crore While Net Loss Narrows 21.5% YoY to ₹336 Crore](https://angelnews.in/stocknews/results/ola-electric-q1-fy27-results-revenue/): Ola Electric Mobility Limited reported its financial results for the first quarter of FY27, posting lower revenue amid continued pressure on vehicle sales. However, the electric vehicle maker reduced its consolidated net loss compared with the corresponding quarter last year as it continued its cost optimization initiatives. For the quarter ended June 30, 2026, the company reported consolidated revenue from operations of ₹455 crore, down 45% year-on-year from ₹828 crore in the same quarter of the previous financial year. Total income declined to ₹484 crore from ₹896 crore a year earlier. The company&#8217;s consolidated net loss narrowed to ₹336 crore during [&hellip;]
- [Premier Energies Q1 FY27 Results: PAT Surges 53.3% YoY to ₹471.9 Crore as Revenue Climbs 34.1% YoY to ₹2,507.6 Crore](https://angelnews.in/stocknews/results/premier-energies-q1-fy27-results/): Premier Energies Limited reported strong financial performance for the first quarter of FY27, with both revenue and profit registering robust year-on-year growth. The company&#8217;s performance was supported by higher production, continued expansion of its manufacturing capacity, and sustained demand for domestically manufactured solar modules. For the quarter ended June 30, 2026, Premier Energies reported total revenue of ₹2,507.6 crore, marking a 34.1% increase compared with the corresponding quarter of the previous year. Profit after tax (PAT) rose 53.3% year-on-year to ₹471.9 crore, while EBITDA increased 27.2% to ₹759.4 crore. The company achieved an EBITDA margin of 30.3% during the quarter, while [&hellip;]
- [Nazara Technologies Completes ₹1,299 Crore Acquisition of Bluetile Games and Bestplay Systems Through Nazara UK](https://angelnews.in/stocknews/nazara-technologies-completes-rs-1299-crore-acquisition-through-nazara-uk/): Nazara Technologies Limited has completed the acquisition of Spain-based Bluetile Games S.L. and Bestplay Systems S.L. through its wholly owned subsidiary, Nazara Technologies UK Limited (Nazara UK). The company disclosed the development in a regulatory filing submitted to the BSE and the National Stock Exchange (NSE). The acquisition has been completed under the amended Share Purchase Agreement (SPA) executed between Nazara Technologies, Bluetile Games S.L., Bestplay Systems S.L., the shareholders and founders of the target companies, and Nazara UK. The transaction follows the company&#8217;s earlier disclosures dated March 18, June 16 and August 3, 2026. To facilitate the transaction, Nazara Technologies [&hellip;]
- [Standard Engineering Technology Q1 FY27 Results: Total Income Rises 41.5% YoY to ₹252.2 Crore and PAT Grows 26.6% YoY to ₹26.7 Crore](https://angelnews.in/stocknews/results/standard-engineering-technology-q1-fy27-results/): Standard Engineering Technology Limited (SETL) reported strong financial performance for the first quarter of FY27, with growth in revenue, profitability and operating earnings. The company also announced strategic initiatives aimed at expanding into the AI datacenter infrastructure sector while strengthening its global technology capabilities through an investment in Japan. For the quarter ended June 2026, the company reported total income of ₹252.2 crore, up 41.5% year-on-year (YoY). EBITDA increased 27.3% YoY to ₹44.1 crore, while profit after tax (PAT) rose 26.6% YoY to ₹26.7 crore. Alongside its quarterly results, the company unveiled plans to diversify its engineering business through investments in [&hellip;]
- [SEPC Limited Secures ₹854.57 Crore SAIL Order for Burnpur Pellet Plant Expansion Project](https://angelnews.in/stocknews/order-wins/sepc-rs-854-57-crore-sail-order-burnpur-pellet-plant-expansion/): SEPC Limited has secured a Letter of Acceptance (LoA) worth ₹854.57 crore from Steel Authority of India Limited (SAIL) for civil and structural works related to the expansion of the IISCO Steel Plant in Burnpur, West Bengal. The company announced the development through a regulatory filing with the stock exchanges on August 6. The contract has been awarded for the Pellet Plant Balance of Plant (BOP), including Civil and Structural Works under Pellet Package-2, as part of the 4.08 million tonnes per annum (MTPA) crude steel expansion project at SAIL&#8217;s IISCO Steel Plant. The total order value stands at ₹854.57 crore, [&hellip;]
- [Ola Electric Signs First Utility-Scale Energy Storage MoU With Axis Energy Targeting Up to 20 GWh Deployment by 2032](https://angelnews.in/latestnews/ola-electric-axis-energy-mou-20-gwh-energy-storage-2032/): Ola Electric Mobility Limited has announced its entry into the utility-scale battery energy storage segment by signing its first Memorandum of Understanding (MoU) with Axis Energy. The agreement outlines the potential deployment of up to 20 GWh of Battery Energy Storage Systems (BESS) by 2032, marking the company&#8217;s first large-scale partnership for its upcoming energy storage platform, Mahashakti. The company said the collaboration is an early demonstration of demand for Mahashakti, Ola Electric&#8217;s utility-scale and commercial &amp; industrial (C&amp;I) energy storage platform, which is scheduled to launch on August 15. Under the agreement, deployment is expected to ramp up from 2028, [&hellip;]
- [Angel One Client Base Reaches 39.03 Million, Up 18.1% YoY, as Option Premium ADTO Surges 82.3% YoY and Average Client Funding Book Climbs 39.4% YoY to ₹70.81 Billion](https://angelnews.in/stocknews/angel-one-client-base-hits-39-03-million-august/): Angel One Limited has released its monthly business update for July 2026, reporting continued growth in its client base and mutual fund registrations despite mixed trends across trading activity. The update, submitted to the stock exchanges under SEBI disclosure regulations, highlights higher client additions and improved retail equity market share, while average daily orders declined amid softer market conditions. The company reported that its client base increased to 39.03 million in July 2026, compared with 33.06 million in July 2025, reflecting an 18.1% year-on-year (YoY) increase. On a month-on-month (MoM) basis, the client base grew 1.1% from 38.59 million in June [&hellip;]
- [Tata Investment Corporation Q1 FY27 Results: Consolidated Net Profit Declines 2% YoY to ₹143.51 Crore While Total Income Rises 4% YoY to ₹152.11 Crore](https://angelnews.in/tata-investment-q1-fy27-results-net-profit-total-income-june-2026/): Tata Investment Corporation Limited on Tuesday announced its financial results for the quarter ended June 30, 2026, reporting a marginal decline in consolidated net profit despite higher income during the period. On a consolidated basis, the company reported a profit after tax attributable to owners of the parent of ₹143.51 crore in Q1 FY27, compared with ₹146.30 crore in the corresponding quarter of the previous financial year. Total income increased to ₹152.11 crore from ₹146.17 crore in Q1 FY26. Profit before tax (PBT) rose to ₹181.06 crore during the quarter from ₹167.92 crore a year earlier. Total revenue from operations stood [&hellip;]
- [BSE Q1 FY27 Results: Consolidated Net Profit Rises 66% YoY to ₹872.66 Crore and Total Income Grows 70% YoY to ₹1,706.72 Crore](https://angelnews.in/bse-q1-fy27-results-consolidated-net-profit-rises-66-percent-yoy/): BSE Limited reported a strong financial performance for the quarter ended June 30, 2026, with consolidated revenue and profitability registering robust year-on-year growth, driven by higher operating income. Alongside its quarterly earnings, the stock exchange also announced the acquisition of an additional stake in India International Bullion Holding IFSC Limited (IIBH), increasing its shareholding to 20%. According to the company&#8217;s unaudited consolidated financial results, revenue from operations increased to ₹1,566.02 crore in Q1 FY27 from ₹957.95 crore in the corresponding quarter of the previous financial year, reflecting a growth of around 63.5% year-on-year. Total income rose 69% to ₹1,706.72 crore compared [&hellip;]
- [Creative Newtech Q1 FY27 Results: Net Profit Rises 33% YoY to ₹13.54 Crore as Total Income Grows 20% to ₹476.84 Crore](https://angelnews.in/stocknews/results/creative-newtech-q1-fy27-results-pat-rises-33-percent-income-up-20-percent/): Creative Newtech Limited reported a strong financial performance for the first quarter of FY27, with consolidated total income rising 20.06% year-on-year (YoY) to ₹476.84 crore for the quarter ended June 30, 2026. The company also recorded robust growth in profitability, supported by higher operating leverage and improved margins. EBITDA, including other income, increased 64.73% YoY to ₹24.89 crore from ₹15.11 crore in the corresponding quarter of the previous financial year. Profit after tax (PAT) rose 32.89% YoY to ₹13.54 crore from ₹10.18 crore. The company&#8217;s EBITDA margin improved to 5.22% during the quarter from 3.80% in Q1 FY26, while PAT margin [&hellip;]
- [MapmyIndia Parent C.E. Info Systems Q1 FY27 Results: Consolidated Net Profit Rises 6% YoY to ₹50.38 Crore and Total Income Grows 18% YoY to ₹159.37 Crore](https://angelnews.in/stocknews/results/mapmyindia-parent-c-e-info-systems-q1-fy27-results/): C.E. Info Systems Limited, the parent company of MapmyIndia, reported its financial results for the quarter ended June 30, 2026, after the Board of Directors approved the unaudited standalone and consolidated financial statements at its meeting held on August 4, 2026. On a consolidated basis, the company reported steady year-on-year growth in revenue and profitability during the first quarter of FY27, supported by higher income from operations. Consolidated total income increased to ₹159.37 crore in Q1 FY27 from ₹135.28 crore in the corresponding quarter of the previous financial year, reflecting a growth of around 17.8% year-on-year. Revenue from operations rose to [&hellip;]
- [RMC Switchgears Bags 12 PGVCL Orders Worth ₹333.80 Crore for Underground Power Distribution Projects Across Gujarat](https://angelnews.in/sme-stock-news/rmc-switchgears-secures-rs-333-80-crore-pgvcl-orders-gujarat/): RMC Switchgears Limited has secured 12 Letters of Acceptance (LoAs) from Paschim Gujarat Vij Company Limited (PGVCL) with a combined contract value of approximately ₹333.80 crore. The orders relate to turnkey projects for the conversion of existing overhead electricity distribution networks into underground cable systems across multiple locations in Gujarat. According to the company&#8217;s regulatory filing, the contracts cover site survey, design, engineering, procurement, supply, loading, transportation, unloading, insurance, delivery, handling, storage, installation, testing and commissioning. The scope also includes documentation, GIS Mapping, Geo Urja Mapping developed by GUVNL, and asset tagging under the SI Scheme. The projects involve the conversion [&hellip;]
- [Nazara Q1 FY27 Results: Revenue at ₹429 Crore and EBITDA at ₹46 Crore, Fusebox Revenue Rises 12% to ₹82 Crore, Kiddopia Up 19% to ₹54 Crore and Animal Jam Up 11% to ₹29 Crore](https://angelnews.in/stocknews/results/nazara-q1-fy27-results-revenue-at-429-crore-and-ebitda-at-46-crore/): Nazara Technologies reported consolidated revenue of ₹429 crore for the first quarter of FY27, while EBITDA stood at ₹46 crore with an EBITDA margin of 10.8%. The company also announced key leadership changes, appointing Raymond A. Stauffer as Chief Executive Officer effective September 1, 2026, subject to regulatory approvals, alongside accelerating its acquisition of Bluetile and BestPlay through a revised all-cash transaction valued at USD 303 million. The company said its core gaming business continued to deliver growth despite the impact of the earlier deconsolidation of NODWIN Gaming. Excluding NODWIN, comparable consolidated revenue increased by approximately 9% year-on-year during the quarter. [&hellip;]
- [HCLTech Completes HPE Telco Solutions Acquisition and Adds 1,400 Telecom Specialists Across 39 Countries](https://angelnews.in/stocknews/acquisition/hcltech-completes-hpe-telco-solutions-acquisition-ai-telecom-csp/): HCLTech has completed the acquisition of Hewlett Packard Enterprise&#8217;s (HPE) Telco Solutions business, marking another step in the company&#8217;s strategy to strengthen its communications technology offerings. The transaction, originally announced in December 2025, expands HCLTech&#8217;s engineering capabilities and AI-driven telecom solutions for Communication Service Providers (CSPs). The acquisition follows HCLTech&#8217;s successful integration of HPE&#8217;s Communications Technology Group (CTG) business in 2024. With the addition of the Telco Solutions business, the company aims to help telecom operators accelerate network modernization, AI-led automation and digital transformation initiatives. The combined capabilities bring together HCLTech&#8217;s engineering expertise with HPE&#8217;s telecom intellectual property, products and domain [&hellip;]

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