Wipro has been chosen by Etihad Airways, the national airline of the United Arab Emirates, to spearhead its comprehensive technology modernization efforts in a five-year contract. The financial details of the multi-million-dollar deal were not disclosed by Wipro, which stated, “Wipro wins multi-million-dollar deal by Etihad Airways for IT transformation and cost optimization.”
Infosys Finacle, a part of EdgeVerve Systems and a wholly-owned subsidiary of Infosys, has introduced the Finacle Asset Liability Management Solution. This solution offers banks a liquidity and interest rate risk management tool that provides a holistic view of on-and-off balance sheet exposures. It assists banks in identifying gaps, evaluating the impact on net interest margin and liquidity, and taking necessary actions to enhance funding and liquidity decisions.
Ambuj Chandna, the head of consumer products at Kotak Mahindra Bank, has resigned from his position after nearly nine years with the bank. Chandna served as the president and head of consumer bank products in his most recent role at Kotak Bank.
JSquare Electrical Steel Nashik Private Ltd, a wholly-owned subsidiary of JSW JFE Electrical Steel Private Ltd, has successfully acquired 100% equity interest in thyssenkrupp Electrical Steel India Private Ltd. The transaction also includes the transfer of associated technology from the thyssenkrupp group to the company, with a total purchase consideration of ₹4,158.6 crore.
Torrent Saurya Urja 2 Private Ltd, a wholly-owned subsidiary of Torrent Power, has received certification from the Gujarat Energy Development Agency for commissioning its full capacity of 300 MW as of December 15, 2024.
Western Carriers (India) Ltd has secured a ₹170-crore order from Hindustan Zinc for the transportation of finished goods, zinc, and lead ingots from various smelting complexes to ports and customer sites across India for a period of four years.
Pricol has made investments totaling ₹120 crore in Pricol Precision Products Private Ltd, a wholly-owned subsidiary, as of January 30. Additionally, the company has provided a corporate guarantee for credit facilities of ₹230 crore for PPP Pvt Ltd and invested ₹3 crore in PQSI Digital Private on the same date.
Shree Ganesh Remedies Ltd has entered into a Long-Term Strategic Supply Agreement with a prominent player in the Japanese market. The agreement, effective from January 30, spans an initial term of three years with the possibility of a two-year extension. As part of the partnership, SGRL will engage in contract manufacturing for three innovative products using advanced methodologies in Chlorination and Reduction chemistry.
Paradeep Phosphate has announced a ₹4,000 crore investment over five years to expand its Phosphatic Fertilizer Manufacturing capacity, including infrastructure development. This strategic investment aims to increase production capacity, reduce environmental impact, and support agricultural growth.
Texmaco Infrastructure and Holdings Ltd, a subsidiary of Adventz Group, has collaborated with US-based realty firm Hines, HDFC Capital, and Conscient to develop a 10-acre mixed-use project in Delhi’s Kamla Nagar on the site of the former Birla Cotton Mills. The partners will jointly develop 30 lakh square feet of housing and retail space on the land parcel owned by Texmaco Infrastructure and Holdings.
The results calendar for the day includes Sun Pharma, ONGC, Nestle, Vedanta, Punjab National Bank, Cholamandalam Investment, Marico, IndusInd Bank, and several other companies across different sectors.
