HCL Tech
HCLTech, a prominent global technology company, has announced the expansion of its strategic partnership with Google Cloud. The collaboration aims to empower enterprises to harness the potential of generative artificial intelligence (AI) by developing joint solutions using Google Cloud’s generative AI technologies.
Lloyds Steels
Lloyds Steels Industries Limited’s Board of Directors held a meeting on June 14, 2023 (Wednesday) to discuss various matters. During the meeting, which took place between 4:00 PM and 4:30 PM at the company’s Corporate Office, the board approved a rights issue of fully paid-up equity shares. The total value of the rights issue will not exceed Rs. 9,990 Lakhs (Rupees Nine Thousand Nine Hundred Ninety Lakhs).
KEC International
The RPG Group’s KEC International Ltd., a well-known international infrastructure EPC firm, has announced the acquisition of new orders totaling Rs. 1,373 crores across a variety of its businesses.
Vodafone Idea
In a significant development, Vodafone Idea, a leading telecom company, witnessed a 10 percent surge in its shares on Wednesday. This surge came following reports in the media stating that the company has proposed an equity infusion of ₹14,000 crore as a crucial part of its revival strategy. According to sources familiar with the matter, the plan involves existing promoters, Aditya Birla Group (ABG), and UK’s Vodafone Group Plc, infusing half of the total amount.
Persistent Systems
The renowned Zenith tier has been attained by Persistent Systems, a world authority in digital engineering, thanks to its stronger cooperation with Zscaler. Security has grown to be a top worry for businesses of all sizes and in all sectors as cyberattacks continue to spread around the world. Through a zero-trust security approach, Persistent hopes to use its collaboration with Zscaler to assist clients in enhancing and modernising their security procedures. Through their journey to the cloud, customers may migrate and upgrade their workloads in a safe environment made possible by this partnership.
Bharat Forge
Bharat Forge, a leading manufacturing company, has officially declared July 7, 2023, as the record date for the final dividend of the fiscal year 2022-2023. During this date, the board of directors will identify the eligible shareholders entitled to receive the dividend. Shareholders whose names appear on the list at the end of the record date will qualify for the dividend payment. The actual payment of the dividend, subject to approval at the company’s 62nd Annual General Meeting scheduled for August 10, will be disbursed on or after August 18.
IND Renewable Energy
In an exciting development, IND Renewable Energy Ltd announced its plans to secure Rs 26 crore through a rights issue, as confirmed by a recent regulatory statement. The decision was made during a board meeting where members unanimously approved the proposal.
SJVN
SJVN Ltd, a leading renewable energy company, has recently entered into a significant agreement with Maharashtra State Power Generation Company (MAHAGENCO). The Memorandum of Understanding (MoU) aims to facilitate the development of impressive 5,000 MW renewable energy projects in the state of Maharashtra, India.
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