🚗 Mahindra launches the all-new Veero, redefining the LCV <3.5-ton segment with prices starting at ₹7.99 lakh.
⚡️ Torrent Power commits investments of over ₹64,000 crore as part of its "RE-Invest 2024" initiative, with potential employment for 26,000 people.
🔧 Apollo Micro Systems has been declared the lowest bidder (L1) for a GNC Kit by Munitions India Ltd, worth ₹72.26 crore.
🚙 SMRC Automotive Holdings (Netherlands B.V.) approved a joint venture agreement with Hamakyorex Co. Ltd, Japan. The agreement involves SAHN B.V., a subsidiary of Samvardhana Motherson International.
💡 Jindal Steel and Jindal Renewables announce a Memorandum of Understanding (MoU) to implement India’s largest green hydrogen investment by any Indian steelmaker.
💻 Infosys collaborates with the Life Insurance Corporation of India to lead the digital transformation initiative called "DIVE" (Digital Innovation and Value Enhancement).
💉 Zydus Lifesciences enters into an exclusive licensing and supply agreement for two gadolinium-based MRI contrast agents in the US market.
🍽 Zomato collaborates with the Indian Railway Catering and Tourism Corporation (IRCTC) for its 'Food Delivery in Trains' service.
⚙️ Thermax secures a repeat order worth ₹5.16 billion for a 300-MW energy project from a conglomerate in Botswana, South Africa.
🚗 Samvardhana Motherson International acquires 11% in REE Automotive for $15 million.
🌍 NLC India plans to invest around ₹500 billion to increase its renewable energy capacity to 10.11 GW from the current 1.43 GW.
🏠 Mahindra & Mahindra Financial Services announces board approval for expansion into the mortgage business.
⚡️ Torrent Power commits investments of over ₹64,000 crore as part of its "RE-Invest 2024" initiative, with potential employment for 26,000 people.
🔧 Apollo Micro Systems has been declared the lowest bidder (L1) for a GNC Kit by Munitions India Ltd, worth ₹72.26 crore.
🚙 SMRC Automotive Holdings (Netherlands B.V.) approved a joint venture agreement with Hamakyorex Co. Ltd, Japan. The agreement involves SAHN B.V., a subsidiary of Samvardhana Motherson International.
💡 Jindal Steel and Jindal Renewables announce a Memorandum of Understanding (MoU) to implement India’s largest green hydrogen investment by any Indian steelmaker.
💻 Infosys collaborates with the Life Insurance Corporation of India to lead the digital transformation initiative called "DIVE" (Digital Innovation and Value Enhancement).
💉 Zydus Lifesciences enters into an exclusive licensing and supply agreement for two gadolinium-based MRI contrast agents in the US market.
🍽 Zomato collaborates with the Indian Railway Catering and Tourism Corporation (IRCTC) for its 'Food Delivery in Trains' service.
⚙️ Thermax secures a repeat order worth ₹5.16 billion for a 300-MW energy project from a conglomerate in Botswana, South Africa.
🚗 Samvardhana Motherson International acquires 11% in REE Automotive for $15 million.
🌍 NLC India plans to invest around ₹500 billion to increase its renewable energy capacity to 10.11 GW from the current 1.43 GW.
🏠 Mahindra & Mahindra Financial Services announces board approval for expansion into the mortgage business.
🔧 Engineering & Components:
DCX Systems' wholly-owned subsidiary M/S Raneal Advanced Systems has been granted Industrial License.
✈️ Travel & Tourism:
Easy Trip Planners Limited proposed investment of 80% of Rollins International Private Limited & proposed investment of 49% of Pledge Home Healthcare Center LLC.
💻 IT Services:
Tata Elxsi inaugurates the KoFuser 5G application for cross-industry digital transformation.
📊 Economics:
India August WPI Inflation at 1.31% Vs 2.04% (MoM).
💊 Pharmaceuticals & Drugs:
Zydus Lifesciences' wholly-owned unit buys 50% in Sterling Biotech for ₹84 crore.
📺 Telecommunications - Service Provider:
Airtel Digital TV has joined hands with Amazon Prime to offer live TV and Prime Lite benefits as part of its new Ultimate and Amazon Prime Lite plan.
💊 Pharmaceuticals & Drugs:
Piramal Pharma has received SBTi approval to reduce Scope 1 and 2 GHG emissions by 42% and Scope 3 by 28% by FY 2030.
🚗 Automotive - Two & Three Wheelers:
TVS Holdings Limited has acquired 100% stake in TVS Digital Limited, by purchase of share from TVS Motor Company Limited.
💡 IT Services:
Infosys likely is finding success with its Cobalt platform as a catalyst for artificial intelligence and generative AI deals.
🏍 Automotive - Two & Three Wheelers:
TVS Motor Company launched the all-new TVS Apache RR 310 – its flagship offering in the Super Premium Sports Motorcycle category.
🚢 Shipping & Logistics:
The Great Eastern Shipping Company likely will "evaluate" entering the container shipping sector.
💻 IT Services:
Frissource Solutions has announced a collaboration with Microsoft to deliver cutting-edge digital transformation services to clients worldwide.
🏦 Bank & Fintech:
Bandhan Bank has revised its deposit rate structure with the introduction of two new maturity schemes.
🚚 Automotive - Pickups:
M&M has launched the Vero small commercial vehicle (SCV), aiming to capture the under-3.5-tonne SCV market. The Vero, priced at Rs 7.99 lakh for the entry-level model.
🥃 Beverages (Alcoholic):
Globus Spirits has launched DOA48 India Craft Whisky. This is the company’s first single malt whisky.
⚡️ Energy & Power:
Reliance Power secured a contract for a 500 megawatt (MW)/1000 MWh battery energy storage system.
🔋 Electronics & Components:
Carbonado Universal has signed a binding Share Purchase Agreement to acquire a 100 per cent stake in Silicon Carbide Products, Inc USA (SCP) from its current equity shareholders.
DCX Systems' wholly-owned subsidiary M/S Raneal Advanced Systems has been granted Industrial License.
✈️ Travel & Tourism:
Easy Trip Planners Limited proposed investment of 80% of Rollins International Private Limited & proposed investment of 49% of Pledge Home Healthcare Center LLC.
💻 IT Services:
Tata Elxsi inaugurates the KoFuser 5G application for cross-industry digital transformation.
📊 Economics:
India August WPI Inflation at 1.31% Vs 2.04% (MoM).
💊 Pharmaceuticals & Drugs:
Zydus Lifesciences' wholly-owned unit buys 50% in Sterling Biotech for ₹84 crore.
📺 Telecommunications - Service Provider:
Airtel Digital TV has joined hands with Amazon Prime to offer live TV and Prime Lite benefits as part of its new Ultimate and Amazon Prime Lite plan.
💊 Pharmaceuticals & Drugs:
Piramal Pharma has received SBTi approval to reduce Scope 1 and 2 GHG emissions by 42% and Scope 3 by 28% by FY 2030.
🚗 Automotive - Two & Three Wheelers:
TVS Holdings Limited has acquired 100% stake in TVS Digital Limited, by purchase of share from TVS Motor Company Limited.
💡 IT Services:
Infosys likely is finding success with its Cobalt platform as a catalyst for artificial intelligence and generative AI deals.
🏍 Automotive - Two & Three Wheelers:
TVS Motor Company launched the all-new TVS Apache RR 310 – its flagship offering in the Super Premium Sports Motorcycle category.
🚢 Shipping & Logistics:
The Great Eastern Shipping Company likely will "evaluate" entering the container shipping sector.
💻 IT Services:
Frissource Solutions has announced a collaboration with Microsoft to deliver cutting-edge digital transformation services to clients worldwide.
🏦 Bank & Fintech:
Bandhan Bank has revised its deposit rate structure with the introduction of two new maturity schemes.
🚚 Automotive - Pickups:
M&M has launched the Vero small commercial vehicle (SCV), aiming to capture the under-3.5-tonne SCV market. The Vero, priced at Rs 7.99 lakh for the entry-level model.
🥃 Beverages (Alcoholic):
Globus Spirits has launched DOA48 India Craft Whisky. This is the company’s first single malt whisky.
⚡️ Energy & Power:
Reliance Power secured a contract for a 500 megawatt (MW)/1000 MWh battery energy storage system.
🔋 Electronics & Components:
Carbonado Universal has signed a binding Share Purchase Agreement to acquire a 100 per cent stake in Silicon Carbide Products, Inc USA (SCP) from its current equity shareholders.
💳 Finance - Payment Services:
SBI Cards and Payment Services Limited approved raising of funds worth Rs. 5000 crore via non-convertible debentures.
💊 Pharmaceuticals & Drugs:
Lupin Limited announced that it has entered into a non-exclusive export license agreement with Yabao Pharmaceutical Company Limited (Yabao), to commercialize Tildrakizumab in the Chinese market.
⚡️ Energy & Power Distribution:
Tata Power Renewable Energy Limited secures a 300 MW hybrid project from MSEDCL.
💻 IT Services:
Tata Consultancy Services has signed a new partnership with George Tangkudi Soleha Archea Development Corporation (GADC), the owner of the tech island of Nicon in the Philippines.
💊 Pharmaceuticals & Drugs:
USFDA issues EIR for Aurobindo Pharma's new liquid Sterile Injectable unit at Pileru in Andhra Pradesh.
🏦 Bank & Fintech:
Reliance Jio has completed the amalgamation with Jio Communications with an investment of Rs. 801 crore.
⚡️ Energy & Power Distribution:
Adani, Sembcorp India, and ReNew win bids for execution of 520 MW of wind capacity at competitive prices.
🚗 Automobiles - EVs:
Tata Motors subsidiary, Jaguar Land Rover, will invest 100% stake in Charity Homes for ₹80,000. This acquisition is expected to be completed by later this year.
🍺 Beverages (Alcoholic):
Anheuser-Busch InBev India has introduced its Weizendunk premium beer in Karnataka. The range has two variants: Weizendunk Stike (a premium wheat beer) and Weizendunk Crest (a strong bold beer).
👔 Professional Services:
Kotak Mahindra Group and Marsh Limited launched an integrated insurance & risk program, with ₹17.6 trillion yearly gross premiums underwritten.
🚗 Automobiles - Electric Vehicles:
MG Motor announced the expansion of its EV lineup, with plans to launch the A5N electric vehicle by 2024.
📚 Education Services:
Infosys and the US community group, Martin Tech, signed a long-term collaboration to enhance the company’s tech ecosystem through educational initiatives.
💼 Apparel & Luxury Goods:
Aditya Birla Group announces plans to launch a global luxury brand in India, marking an entry into the luxury goods market.
📱 Electronics:
Dixon Technologies has acquired a 7.77% stake in United Audio Electronics (UAE) for ₹627.7 million. The company has also sold 3.77 million shares of the London-headquartered company.
🧴 Personal Care:
Hindustan Unilever invests in a 51% interest in Essar Organic Beauty with plans to strengthen its environmental focus.
⚡️ Energy & Power Distribution:
Tata Power aims to complete the execution of a 150 MW wind energy project in Tamil Nadu.
🛢 Oil & Gas:
Reliance Petroleum's subsidiary, Nucleon Petrochemicals Limited, will expand its capacity to reach 100,000 barrels per day by 2025.
⚡️ Energy & Power Distribution:
NTPC Power & Powergrid sign a joint venture for energy storage projects across India.
⚙️ Manufacturing - Industrial Equipment:
JSW Steel's industrial manufacturing unit enters into production expansion in western Gujarat.
SBI Cards and Payment Services Limited approved raising of funds worth Rs. 5000 crore via non-convertible debentures.
💊 Pharmaceuticals & Drugs:
Lupin Limited announced that it has entered into a non-exclusive export license agreement with Yabao Pharmaceutical Company Limited (Yabao), to commercialize Tildrakizumab in the Chinese market.
⚡️ Energy & Power Distribution:
Tata Power Renewable Energy Limited secures a 300 MW hybrid project from MSEDCL.
💻 IT Services:
Tata Consultancy Services has signed a new partnership with George Tangkudi Soleha Archea Development Corporation (GADC), the owner of the tech island of Nicon in the Philippines.
💊 Pharmaceuticals & Drugs:
USFDA issues EIR for Aurobindo Pharma's new liquid Sterile Injectable unit at Pileru in Andhra Pradesh.
🏦 Bank & Fintech:
Reliance Jio has completed the amalgamation with Jio Communications with an investment of Rs. 801 crore.
⚡️ Energy & Power Distribution:
Adani, Sembcorp India, and ReNew win bids for execution of 520 MW of wind capacity at competitive prices.
🚗 Automobiles - EVs:
Tata Motors subsidiary, Jaguar Land Rover, will invest 100% stake in Charity Homes for ₹80,000. This acquisition is expected to be completed by later this year.
🍺 Beverages (Alcoholic):
Anheuser-Busch InBev India has introduced its Weizendunk premium beer in Karnataka. The range has two variants: Weizendunk Stike (a premium wheat beer) and Weizendunk Crest (a strong bold beer).
👔 Professional Services:
Kotak Mahindra Group and Marsh Limited launched an integrated insurance & risk program, with ₹17.6 trillion yearly gross premiums underwritten.
🚗 Automobiles - Electric Vehicles:
MG Motor announced the expansion of its EV lineup, with plans to launch the A5N electric vehicle by 2024.
📚 Education Services:
Infosys and the US community group, Martin Tech, signed a long-term collaboration to enhance the company’s tech ecosystem through educational initiatives.
💼 Apparel & Luxury Goods:
Aditya Birla Group announces plans to launch a global luxury brand in India, marking an entry into the luxury goods market.
📱 Electronics:
Dixon Technologies has acquired a 7.77% stake in United Audio Electronics (UAE) for ₹627.7 million. The company has also sold 3.77 million shares of the London-headquartered company.
🧴 Personal Care:
Hindustan Unilever invests in a 51% interest in Essar Organic Beauty with plans to strengthen its environmental focus.
⚡️ Energy & Power Distribution:
Tata Power aims to complete the execution of a 150 MW wind energy project in Tamil Nadu.
🛢 Oil & Gas:
Reliance Petroleum's subsidiary, Nucleon Petrochemicals Limited, will expand its capacity to reach 100,000 barrels per day by 2025.
⚡️ Energy & Power Distribution:
NTPC Power & Powergrid sign a joint venture for energy storage projects across India.
⚙️ Manufacturing - Industrial Equipment:
JSW Steel's industrial manufacturing unit enters into production expansion in western Gujarat.