Goldman Sachs Asset Management on Wednesday divested a little over 2 per cent stake in Anil Agarwal promoted-Sterlite Technologies for Rs 84 crore through an open market transaction. Goldman Sachs Funds – Goldman Sachs India Equity Portfolio sold 1.03 crore shares at an average price of Rs 81.04.
The Competition Commission of India has rejected a complaint of alleged unfair business practices filed against Navodaya Vidyalaya Samiti and RailTel Corporation in relation to the Prime Minister Schools for Rising India (PM SHRI) scheme. It was alleged that the two entities indulged in anti-competitive practices regarding a project for integrated infrastructure and IT solutions under the scheme.
Tata Consultancy Services has partnered with Vantage Towers, Europe’s second-largest telecom tower operator, to launch a digital service platform aimed at improving the experience of property owners leasing land for telecom tower installations. The platform aims to streamline service processes, enhance property owner retention, and strengthen telecom site partnerships across Europe, the IT services firm said in a release.
The board of LIC Housing Finance has approved a borrowing budget of ₹1,22,500 crore for FY2025 -26 to raise funds through various instruments. The funds will be raised through a mix of loans, redeemable non-convertible debentures (NCDs), zero-coupon bonds, subordinate debt, upper tier II bonds, commercial paper, external commercial borrowings (ECBs), securitisation, and refinance from the National Housing Bank (NHB).
Wipro has introduced TelcoAI360, an AI-first managed services platform designed to help telecom operators scale technology solutions while improving customer experience at reduced costs.
Zydus Lifesciences has received final approval from the United States Food and Drug Administration (USFDA) to manufacture Dasatinib Tablets, 20 mg, 50 mg, 70 mg, 80 mg, 100 mg, and 140 mg. (USRLD: Sprycel Tablets, 20 mg, 50 mg, 70 mg, 80 mg, 100 mg, and 140 mg). Dasatinib is indicated for the treatment of newly diagnosed adults with Philadelphia chromosome-positive (Ph+) chronic myeloid leukaemia (CML) in chronic phase. It is also used to treat adults with chronic, accelerated or myeloid or lymphoid blast phase Ph+ CML with resistance or intolerance to prior therapy including imatinib and adults with Philadelphia chromosome-positive acute lymphoblastic leukaemia (Ph+ ALL) with resistance or intolerance to prior therapy. Dasatinib tablets will be produced at Zydus Lifesciences Ltd (SEZ), Ahmedabad. Sprycel tablets had annual US sales of $1.81 billion, according to IQVIA MAT data as of January 2025.
RPP Infra Projects Ltd has received a letter of acceptance for a new projects — improvement of Water Supply by constructing Under GROUNG Tanks water distribution stations and Laying of feeder main in Area I & V including Replacement of PVC water main, renewal of checked-up water main, Strengthening of various sizes of water main in various depots in Area IV & Area V under Vada Chennai Valarchi Thittam Tamilnadu for Contract Value of ₹80.98 crore(inc GST).
The board of Walchandnagar Industries has appointed Nishant Saigal as the Chief Financial Officer (CFO) of the company, effective April 14, 2025, after incumbent Sandeep Jain has resigned as the Chief Financial Officer due to health reasons.
Galaxy Surfactants along with its group companies has entered into a strategic collaboration with a global customer to provide engineering, procurement, and construction (EPC) services for a performance surfactants and specialty ingredients manufacturing plant at an overseas location. The EPC services comprise process design and know-how, procurement, engineering and construction, and commissioning of its performance surfactants and specialty ingredients plant at an overseas location. Besides, the company is in advanced stages of discussions to enhance this collaboration post-commissioning of the plant.
The board of Hindustan Zinc, part of Vedanta Group, will meet on March 10, 2025, to evaluate fundraising through the issuance of listed non-convertible debentures (NCDs) on a private placement basis, subject to market conditions. The proposed issuance will be within the company’s borrowing limits and will require necessary approvals from stock exchanges and regulatory authorities.
Route Mobile informed the exchanges that Proximus Global, , the leading global digital communications company combining the strengths of BICS, Telesign, and the company have partnered with Nokia to explore opportunities in network API (application programming interface) solutions aimed at supporting developers in building new enterprise applications. The collaboration will enable both companies to expose their APIs in each other’s marketplaces, fostering greater integration between the telecom ecosystem and various industry segments.
R Systems International has launched its IoT Smart C2C Connector. Built on Amazon Web Services (AWS), the IoT Smart C2C Connector, addresses challenges faced by service providers in managing and integrating a diverse range of smart home devices.
Dalmia Cement (Bharat) Limited, a wholly owned subsidiary of Dalmia Bharat, has entered into Share Subscription and Shareholders’ Agreement to acquire 34.52% of equity share capital of Kilavikulam Rajalakshmi Solar Power Developer Private Limited, consisting of 30,00,000 equity shares at a price of Rs. 10/- per share, aggregating to Rs. 3 crore only), in one or more tranches to source solar power as a captive consumer for a capacity upto 10.00 MW located in the State of Tamil Nadu.
Zaggle Prepaid Ocean Services has entered into an agreement with Tech Mahindra, which will utilise Zaggle’s spend management dashboard, Zatix, for improved visibility on their corporate and purchase card spends, issued in partnership with SBI Cards.
