L&T Finance has introduced its entry into the gold mortgage enterprise by the proposed acquisition of Paul Retailers Finance Pvt. Ltd.’s (PMFL) gold mortgage enterprise endeavor in an all-cash deal at a lump sum consideration of Rs 537 crore. The gold mortgage franchise shall be an addition to LTF’s portfolio of secured mortgage merchandise. The acquisition features a absolutely operational community and safety centre for twenty-four/7 distant monitoring of all gold mortgage branches, strategically positioned in much less penetrated markets corresponding to Chandigarh, Punjab, Haryana, Delhi, Rajasthan, Gujarat, Madhya Pradesh, and Uttarakhand. It additionally brings roughly 700 workers and 130 branches.
As many as 97.53% of the shareholders of Religare Enterprises (REL) have rejected the reappointment of Rashmi Saluja as director within the firm in an annual common assembly (AGM). The e-voting for her reappointment, together with different resolutions, had began on Wednesday. Saluja, who was purported to retire by rotation, had provided herself for reappointment. Religare’s AGM was initially deliberate for September, however rescheduled to December, after which to February 7 because of a number of authorized and regulatory points,
VA Tech Wabag has secured a consortium order price $371 million (about ₹3,251 crore) from Al Haer Environmental Providers Firm at Riyadh, Saudi Arabia. The order is for engineering, procurement and building (EPC) of a 200 MLD Unbiased Sewage Remedy Plant (ISTP), together with connections to outfall supply amenities, the corporate mentioned.
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Tejas Networks has signed Know-how Collaboration Agreements with NEC Company, Japan, for the event of superior wi-fi applied sciences for the worldwide telecom trade. About $60 million (Approx. Rs 525 crore), payable over the subsequent 1 yr as per milestones, and it’ll present alternative to take part in NEC’s go-to-market efforts.
SEBI has ordered the attachment of financial institution accounts in addition to shares and mutual fund holdings of 10 people to recuperate ₹1.25 crore, saying they haven’t complied with the regulator’s investigation within the matter of Eros Worldwide Media Ltd. The restoration proceedings have been initiated in opposition to 10 people — Gourab Ray Chaudhuri, Manisha Kumari Singh, Vinod Kumar Agarwal, Sutapa Mukherjee, Sumit Bhoot, Abhishek Das, Dev Govind Binani, Debosmita Ghosh Dastidar, Debjit Medda, and Anindya Bikas Datta — after they did not pay the advantageous imposed on them by the regulator.
Western Carriers (India) Ltd (WCIL), a multi-modal logistics agency, on Saturday mentioned it has clinched a ₹1,089-crore contract from Vedanta Ltd. One of many largest contracts within the sector, the four-year settlement, spanning till 2028, entails transporting of aluminium merchandise, pig iron, and export-import cargo from Vedanta’s Jharsuguda (Odisha) amenities to home hubs and worldwide ports, the corporate mentioned.
Thomas Cook dinner (India) has signed a 24-month strategic partnership with the Moscow Venture Workplace for Tourism and Hospitality Improvement. This partnership goals at capitalising on Thomas Cook dinner and SOTC Journey’s viable leisure and company MICE segments in a multi-pronged initiative that focuses on deepening product improvement, vacation spot data and coaching, advertising and marketing and communication and client promotions to create top-of-mind visibility and drive visitations from the India market to Moscow and past, based on a joint assertion.
Waaree Energies on Saturday mentioned it has began business manufacturing at its 1.4 GW Monocrystalline PERC (Mono PERC) photo voltaic cell manufacturing line in Chikhli, Gujat. This marks the primary part of commissioning on the nation’s largest photo voltaic cell manufacturing facility, which has a complete deliberate capability of 5.4 GW, together with 4 GW of high-efficiency TOPCon photo voltaic cells to be commissioned within the subsequent part.
Bharat Heavy Electricals Ltd (BHEL) on Saturday mentioned it has secured an order price Rs 8,000 crore from Maharashtra State Energy Era Firm Ltd (Mahagenco). The order is for a 2×660 (1320) MW BTG (boiler turbine generator) package deal for Koradi Thermal Energy Station, which incorporates provide of kit, erection & commissioning and civil works, a BSE submitting acknowledged.
DLF’s three way partnership agency DCCDL’s rental earnings from workplace and retail areas rose by 10 per cent to ₹1,194 crore within the third quarter of this fiscal yr on greater occupancy and hire appreciation. DLF Cyber Metropolis Builders Ltd (DCCDL) is a three way partnership between DLF Ltd and Singapore’s sovereign wealth fund GIC. DLF holds practically 67 per cent stake within the JV agency, whereas the GIC has the remaining 33 per cent.
Dice Highways Belief (Dice InvIT) has signed an settlement with NIIF for the acquisition of 100 per cent stake in two highway property at an enterprise worth of ₹4,184.7 crore. The proposed acquisition will complement the present portfolio of property of Dice InvIT and slot in with its technique of deploying its debt capability to accumulate high-quality property.
Ircon Worldwide Ltd (IRCON) has been awarded a ₹194.45-crore Letter of Acceptance (LOA) by the Central Railway for survey, design, provide, set up, testing and commissioning of 665 towers for Kavach and different related works. The order must be executed inside 14 months. It has additionally been awarded an EPC contract (Package deal No-04) in JV (AMRIL (74%) -IRCON (26%) by Letter of Acceptance by the Workplace of the Venture Director, Externally Aided Tasks (EAP), Public Works Division (PWD), Manipur for ₹531.90 crore (Ircon share: 138.29 crore).
Bharat Electronics Ltd (BEL), has signed a Rs 610-crore contract for provide of Electro Optic Hearth Management System (EOFCS) for the Indian Navy. This absolutely indigenously developed system shall be put in and built-in on board Indian Naval Platforms.
The board of Zaggle Pay as you go Ocean Providers Ltd has authorized the acquisition of fairness shares equal to 16.67 per cent of the issued and paid-up capital of Mobileware Applied sciences Pvt Ltd from its promotor. Acquisition of the fairness shares shall be performed at a mutually agreed valuation, which has not been disclosed for causes of confidentiality, it mentioned additional.
