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Wipro on Thursday announced that it has been selected by Etihad Airways — the national airline of the United Arab Emirates — to lead its comprehensive technology modernisation. Wipro did not divulge the financial details of the five-year contract. “Wipro wins multi-million-dollar deal by Etihad Airways for IT transformation and cost optimisation,” the Bengaluru-headquartered company said in a release.
Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, has announced the launch of the Finacle Asset Liability Management Solution – a liquidity and interest rate risk management solution that provides banks with an enterprise-wide view of all on-and-off balance sheet exposures. The solution enables banks to identify gaps, assess impact on net interest margin and liquidity, and take corrective actions, to better manage their funding and liquidity decisions.
Kotak Mahindra Bank’s head of consumer products, Ambuj Chandna, has resigned from his position to pursue opportunities outside the bank, the lender said in a statement. Chandna worked with Kotak Bank for nearly nine years, serving as the president and head of consumer bank products in his latest role.
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Jsquare Electrical Steel Nashik Private Ltd, a wholly-owned subsidiary of JSW JFE Electrical Steel Private Ltd, which is a 50:50 joint venture between JSW Steel and JFE Steel Corporation, has completed the acquisition of 100 per cent equity interest in thyssenkrupp Electrical Steel India Private Ltd and the associated technology package from the thyssenkrupp group has been licensed/transferred to the company (together, the “Transaction”). The total purchase consideration for the transaction (including closing adjustments) is ₹4,158.6 crore.
Torrent Saurya Urja 2 Private Ltd, wholly-owned subsidiary of Torrent Power, has received a certificate from the Gujarat Energy Development Agency certifying the commissioning of full capacity of 300 MW w.e.f. December 15, 2024.
Western Carriers (India) Ltd has announced the receipt of an order from Hindustan Zinc for the movement of finished goods, zinc and lead ingots from its smelting complexes at Chanderiya Lead Zinc Smelter, Zinc Smelter Debari, Dariba Smelting Complex (Rajasthan) and Pantnagar Metal Plant (Uttarakhand) to Mundra, Pipavav and Mumbai ports and HZL’s depots and customer sites across India. The ₹170-crore order includes both export and domestic movement for a period of four years for HZL.
Pricol has invested ₹120 crore in Pricol Precision Products Private Ltd (wholly-owned subsidiary) as on January 30. The total paid-up equity share capital of Pricol Precision Products is ₹120.15 crore, which is fully held by Pricol Ltd. The company said it has provided corporate guarantee to an extent of ₹230 crore for the credit facilities of PPP Pvt Ltd. The company further said it has invested ₹3 crore in PQSI Digital Private on January 30.
Shree Ganesh Remedies Ltd (SGRL) has announced the execution of a Long-Term Strategic Supply Agreement (SSA) with one of the foremost players in the Japanese market. The agreement, formalised on January 30, is set for an initial term of three years, with the potential for extension by an additional two years. Under this strategic partnership, SGRL will engage in contract manufacturing for a total of three innovative products, which are poised to make their debut as the first of their kind in India. These products will be developed employing advanced methodologies in Chlorination and Reduction chemistry.
Paradeep Phosphate will invest ₹4,000 crore over five years to increase the Phosphatic Fertiliser Manufacturing capacity in both intermediate and final products, including Port/Jetty and infrastructure development. This strategic investment will increase production capacity, reduce environmental impact, and contribute to agricultural growth.
Adventz Group firm Texmaco Infrastructure and Holdings Ltd, has partnered with US-based realty firm Hines, HDFC Capital, and Conscient, to develop a 10-acre mixed-use project on the site of the former Birla Cotton Mills in Delhi’s Kamla Nagar. All the partners will jointly develop 30 lakh square feet of housing and retail space on this land parcel owned by the Saroj Kumar Poddar-led Adventz Group firm Texmaco Infrastructure and Holdings.
Results calendar: Sun Pharma, ONGC, Nestle, Vedanta, Punjab National Bank, Cholamandalam Investment, Marico, IndusInd Bank, Vishal Mega Mart, UPL, IRB Infra, LIC Housing, Aster DM, Bandhan Bank, Poonawala Fincorp, Inox Wind, Pfizer, Triveni Turbine, Nuvama Wealth, Jubilant Pharmova, Aptus Value Housing, Jyothy Labs, Godrej Agrovet, Relaxo Footwears, City Union Bank, Inox Wind, GMDC, Sheela Foam, Medplus Health, Electrosteel Castings, Equitas Small Finance Bank, Texmaco Rail, Karnataka Bank, Gujarat Heavy Chemicals, Mahindra Holidays, Mahindra Lifespace, Anp Engg, Inox Green, SUndaram Clayton, LG Balkrishnan, Axiscades Technologies, Vadilal Inds, Flair Writing, Mayur Uniquoters, Panama Petrochem, Hind Rectifiers, Texmaco Infra, Dynacons Systems, Vadilal Enterprises, Specility Restaurants, Talbros Engg and Indian Toners & Developers.
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Published on January 31, 2025
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