SpiceJet Secures $89.5 Million Liquidity Boost via Carlyle Settlement
Gurugram: SpiceJet Limited has announced a major financial breakthrough through a settlement agreement with Carlyle Aviation Partners and its affiliated entities, unlocking a total of $89.5 million in liquidity. The deal includes $79.6 million in cash maintenance reserves earmarked for future aircraft and engine upkeep, along with $9.9 million in cash maintenance credits to offset […]
Inox Clean Energy Subsidiary to Acquire 640 MW Hybrid Renewable Portfolio from Evergreen Group
New Delhi: Inox Clean Energy Limited, through its renewable Independent Power Producer (IPP) arm Inox Neo Energies Limited, today announced the execution of definitive agreements with Evergreen Power Mauritius Private Limited and Evergreen Renewables Private Limited (collectively, the Evergreen Group) to acquire a portfolio of wind-solar hybrid projects totaling 640 MW of contracted capacity, equivalent […]
KPIL Bags ₹2,720 Crore Worth of New Projects, Strengthens Market Position
New Delhi: Kalpataru Projects International Limited (KPIL), one of the leading EPC players in the power transmission and distribution (T&D) and civil infrastructure sector, along with its international subsidiaries have received new orders / notification of awards / communication letters (“Orders”), for projects of about ₹ 2,720 Crores. The details of the aforesaid projects […]
Honeywell Launches Integrated Battery Energy Storage Automation Platform
New Delhi: Honeywell introduced Honeywell Ionic Modular All-in-One, a compact, end-to-end battery energy storage system (BESS) designed for the commercial and industrial segments. By combining flexible battery storage with Honeywell’s advanced control system, Honeywell Ionic helps to optimize energy costs, absorb fluctuations in energy demand to ensure grid stability, and provide back-up power when needed. […]
Star Health Unveils ‘Know Your Policy’: A Simplified Guide to Health Insurance Coverage
Chennai: Star Health and Allied Insurance Company Ltd., India’s leading retail health insurance provider, has unveiled a new in-app feature titled ‘Know Your Policy’, aimed at making health insurance coverage easier to understand and more accessible for its customers. The feature, now available on the Star Health customer app, provides a simplified and structured summary […]
Biocon Inaugurates First U.S. Manufacturing Facility in Cranbury, New Jersey
New Delhi: Biocon Limited, a global innovation-led biopharmaceutical company, has officially inaugurated its first U.S. manufacturing facility in Cranbury, New Jersey. Operated by its wholly owned subsidiary, Biocon Generics Inc (BGI), the facility represents a strategic leap in Biocon’s global footprint and commitment to expanding access to affordable therapies. The inauguration ceremony was attended by […]
ACME Solar Secures ₹3,892 Crore Funding from SBI for 400 MW FDRE Project
Gurugram: ACME Venus Urja Private Limited, a wholly owned subsidiary of ACME Solar Holdings Limited, has announced the successful closure of long-term project financing worth ₹3,892 crore from the State Bank of India (SBI). The funds will be used for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in […]
Veranda Learning Solutions Limited Announces Demerger of Commerce Vertical
New Delhi: Veranda Learning Solutions Limited, a publicly listed education company, has announced the formal demerger of its Commerce vertical, marking a pivotal step in its ‘Veranda 2.0’ strategic vision. The move aims to sharpen operational focus and unlock long-term value for shareholders, while positioning the vertical for accelerated growth in both domestic and international […]
ACME Group, IHI Corporation Advancing Development of India’s largest Green Ammonia Project in Odisha
Gurugram: ACME Group, India’s leading cleantech solutions business group, and IHI Corporation, Japan’s leading integrated heavy industry group, have been jointly developing India’s largest green ammonia project in Gopalpur, Odisha, since the signing of their initial Memorandum of Understanding (MoU) in 2023. The project has achieved significant milestones, including the establishment of a joint venture partnership […]
Blue Cloud Softech Solutions Signs LOI to Acquire 3P Vision, Strengthening AI-Driven Defense Capabilities
Hyderabad: In a strategic move poised to reshape India’s defense technology landscape, Blue Cloud Softech Solutions Limited, a leading AI and cybersecurity firm, has signed a Letter of Intent (LOI) to acquire 3P Vision, a defense technology company known for its cutting-edge innovations in artificial intelligence, autonomous drones, and integrated surveillance systems. The acquisition aims to […]