SPML Infra Limited, in a joint venture with JWIL Infra Limited, has won a ₹1,438 crore (approx. USD 163 million) contract from the Public Health Engineering Department (PHED), Bharatpur, Rajasthan, under the Jal Jeevan Mission. SPML Infra will lead the contract with a 51% share, marking one of…
RailTel Corporation of India Ltd, the state-owned telecom and ICT solutions provider, announced on Monday that it has secured multiple contracts worth approximately ₹396 crore from the Bihar Education Project Council. The orders strengthen RailTel’s position in the fast-growing education technology and digital infrastructure space. Details of the…
Strides Pharma Science Ltd has announced that its Singapore-based subsidiary, Strides Pharma Global Pte, has entered into a strategic product development partnership with Kenox Pharmaceuticals Inc. The collaboration is aimed at strengthening Strides’ pipeline of nasal spray products across multiple therapeutic areas for the US market. Focus on…
Housing and Urban Development Corporation Limited (HUDCO) on Monday (September 8) signed a memorandum of understanding (MoU) with the Nagpur Metropolitan Region Development Authority (NMRDA) to support large-scale housing and infrastructure projects in the Nagpur region. The agreement, though non-binding, is positioned as a key enabler of urban…
Rail Vikas Nigam Limited (RVNL), a key public sector player in India’s railway infrastructure sector, came into focus after the Department of Investment and Public Asset Management (DIPAM) declined its request to form a wholly owned subsidiary. The disclosure, made through a regulatory filing dated January 27, 2025,…
Summary: Voltamp Transformers promoter Kunjal Patel is set to pare his holding by nearly 7% through a block deal worth around $67 million. While the stake sale comes after a muted June quarter, the company remains optimistic on future growth with a healthy order book in place. Promoter…
Summary: Ujjivan Small Finance Bank (Ujjivan SFB) plans to raise up to ₹2,000 crore through QIP over the next two years to strengthen its balance sheet and fuel growth. With ambitions to scale its gross loan book (GLB) to ₹1 lakh crore by FY2030, the bank is sharpening…
Summary: PGIM India Asset Management has partnered with Cybrilla Technologies to join the Open Network for Digital Commerce (ONDC), aiming to make mutual funds more accessible and affordable across India. The move focuses on empowering distributors, fintechs, and investors in smaller towns and rural markets, driving financial inclusion…
Summary: Godrej Consumer Products’ Indonesian subsidiary has started building a new manufacturing facility in Kendal with an investment of ₹250 crore. The expansion, expected to add 15% capacity over the next 18–36 months, comes amid rising demand in home and personal care categories. Meanwhile, the company reported a…
Summary: Elev8 Venture Partners, backed by Venture Catalysts, has raised ₹1,400 crore ($160 million) in its debut fund. The firm is betting on profitable, tech-driven businesses in consumer internet, fintech, and enterprise software, while steering clear of risk-heavy segments like gaming and social media. Focus on Tech-Enabled Growth…