Astra Microwave Products’ joint venture company (JVC) -- Astra Rafael Comsys has bagged Rs 158 crore worth of order from Defence Public Sector Undertaking (DPSU) for supply of Software Defined Radio (SDR).
Tata Motors has launched Altroz iCNG equipped with India’s first twin-cylinder CNG technology at an introductory price of Rs 7.55 lakh (All-India, Ex-Showroom). With deep understanding of its customer’s needs, Tata Motors has developed an industry-first CNG technology, the Altroz iCNG, which offers no compromise on boot space and comes with best-in-class features that ensure customers enjoy all the comfort and luxury of a premium hatchback.
JSW Steel, India and JFE Steel, Japan announced signing of a Memorandum of Understanding to conduct a joint feasibility study to establish a Cold Rolled Grain Oriented Electrical Steel (CRGO) manufacturing joint venture in India. JSW Steel and JFE Steel have in-principle reached an agreement to establish a 50:50 Joint Venture Company (JV). The JV shall be able to manufacture the entire range of CRGO products at its proposed facilities at Vijayanagar, Karnataka, India. This JV will be the first company to produce CRGO products with its entire chain of manufacturing processes in India.
Hindustan Unilever (HUL) in association with Genpact launched Be.Seen - a program to help scale businesses owned by minority and under-represented groups in India. HUL and Genpact aim to enable these businesses to eventually get absorbed into the supply chains of large consumer companies, including that of HUL.
Dhanlaxmi Bank has reported results for fourth quarter (Q4) and year ended March 31, 2023. The bank has reported 62.98% rise in its net profit at Rs 38.17 crore for the quarter under review as compared to Rs 23.42 crore for the same quarter in the previous year. Total income of the bank increased by 2.61% at Rs 311.49 crore for Q4FY23 as compared to Rs 303.58 crore for the corresponding quarter previous year. For the year ended March 31, 2023, the bank has reported 37.49% rise in its net profit at Rs 49.36 crore as compared to Rs 35.90 crore for the previous year. Total income of the bank increased by 5.53% at Rs 1145.75 crore for year under review as compared to Rs 1085.76 crore for year ended March 31, 2022.
Persistent Systems has inaugurated its first office in Poland to expand its nearshore capabilities in Europe. Situated in Krakow, this new office will be the latest addition to the Company’s growing global delivery network. This delivery center will play a crucial role in driving digital transformation for clients across industries and provide local IT professionals ample opportunities to advance their careers by building cutting-edge software products and digital solutions.
Siemens’ board has approved the sale and transfer of low voltage motors and geared motor businesses, including related customer service businesses, to Siemens Large Drives India, an entity wholly owned by Siemens AG, for a consideration of Rs 2,200 crore with effect from October 01, 2023. The transaction is subject to the fulfilment of conditions precedent agreed upon between the parties, including receipt of requisite shareholders and statutory and regulatory approvals, as applicable.
Astra Microwave Products’ joint venture company (JVC) -- Astr..