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Aster DM Healthcare is set to merge with Quality Care India, backed by Blackstone and TPG, creating one of India's top three hospital chains. This strategic merger will expand their reach, strengthen healthcare services, and drive future growth, with plans to add 3,500 new beds by 2027.
TVS Holdings has received approval from the RBI for its acquisition of Home Credit India Finance, marking a major shift in control and governance. The deal involves changes in ownership and the appointment of new directors, signaling a strategic transformation aimed at driving growth and innovation in India’s consumer finance sector.
DLF has entered into a strategic agreement to sell its Kolkata Tech Park business to RDB Primarc Techno Park LLP. This deal, involving one of eastern India's largest IT parks, strengthens RDB's presence in the region's growing tech ecosystem. The sale reflects DLF's focus on enhancing shareholder value through asset portfolio optimization.
Mahindra & Mahindra has announced the incorporation of Steer Hybren, a new renewable energy subsidiary focused on solar power, energy storage, and distributed energy solutions. This strategic move will help drive India’s transition to sustainable energy, offering innovative clean energy solutions across commercial, industrial, and residential sectors.
H.G. Infra Engineering has been awarded a key portion of Gujarat's 500 MW/1000 MWh battery energy storage project, enhancing grid stability and supporting renewable energy integration. This win marks a significant step in the company’s expansion into the clean energy sector, contributing to India’s sustainability goals.
Coal India has announced a significant price hike for coal from the Rajmahal area, raising the add-on price to Rs 700 per tonne. This strategic move is expected to generate an additional Rs 300 crore in annual revenue. Along with this, Coal India has revised its policy to allow more flexible coal supply for non-regulated sectors. Read on to understand the financial impact, market reaction, and future outlook for Coal India.
In response to the soaring prices of onions, Swiggy Instamart launched a surprise Rs 39 flash sale in Delhi NCR, sparked by a viral Reddit post. The initiative brought some relief to consumers struggling with inflation, offering onions at a fraction of the market rate for just one hour. Discover how this humorous online plea turned into a viral moment and Swiggy’s timely response.
Tata Consultancy Services (TCS) has been recognized as the Best Employer Brand in the Corporate Sector at the LinkedIn Talent Awards 2024. This prestigious award highlights TCS' dedication to building a future-ready, employee-centric workplace through innovative programs like Elevate and AI-focused learning opportunities, helping its diverse global workforce grow and thrive.
Power Mech Projects has secured a significant Rs 510 crore contract from Adani Power for the Raipur Phase II Ultra Supercritical Thermal Power Project. This order highlights the company's strong position in the infrastructure sector, with promising growth prospects backed by robust financial performance and strategic project wins.
Zomato has raised Rs 8,500 crore through a Qualified Institutional Placement (QIP) to strengthen its balance sheet and accelerate growth. This significant funding will help the food delivery giant expand operations, invest in technology, and explore new business opportunities, positioning it for long-term success in the competitive Indian food tech market.