Stock Market News || Latest News ||Nifty || Sensex || 27 Sep 2023

KPIT Technologies invested € 5 million in KPIT Technologies GmbH

KPIT Technologies Limited has further invested € 5 million in KPIT Technologies GmbH, a wholly-owned step-down subsidiary of the Company.

  • Turnover € 86.60 Million as on March 31, 2023.
  • The investment of € 5 Million is on arm’s length basis.
  • The Promoter/ Promoter Groups/ Group Companies do not have any interest in KPIT Technologies GmbH.
  • None of the KPIT Directors have any interest in KPIT Technologies GmbH.

Turnover for last 3 years:
€ 86.60 million as on March 31, 2023
€ 55.31 million as on March 31, 2022
€ 48.33 million as on March 31, 2021

Barbeque-Nation Appointment of Mr. Azhar Yusuf Dhanani as a Non-Executive Director

Mr. Azhar Dhanani is associated with Sayaji Foods Private Limited (Sayaji Foods), a Company engaged in the Food and Beverage manufacturing, since 2017 and is handling Marketing, Sales & Operations domain. Sayaji Foods is responsible for building and delivering culinary solutions to various foodservice businesses.
He is a Management Graduate from Indian School of Management and Entrepreneurship (ISME). He has also completed International Baccalaureate Diploma Program from the Singapore International School.

AVG Logistics Appoints Gazal Kalra as Technology and Strategy Advisor

AVG Logistics is pleased to announce the appointment of Ms. Gazal S. Kalra as a Technology and Strategy Advisor to provide strategic guidance in the fields of .technology and business development.

Brief Profile of Ms. Gazal Kalra:

Ms. Gazal is a renowned entrepreneur and an accomplished professional with a stellar track record in the logistics and technology sectors. She brings a wealth of experience and expertise to AVG Logistics, having co-founded Rivigo, an innovative and tech-led logistics startup that revolutionized logistics services in India.
Under her leadership, Rivigo introduced the groundbreaking ‘relay trucking’ model, addressing the shortage of truck drivers and enhancing supply chain efficiency for businesses.During her tenure at Rivigo, Gazal successfully established and scaled core businesses, including full truck, express logistics, and cold chain operations. She also played a pivotal role in developing cutting-edge technology and products tailored to the needs of customers, fleet owners, and truck drivers.

Additionally, Gazal led the launch of the National Freight Index, a real-time tracker for freight rates across the country. Before embarking on her entrepreneurial journey, Gazal began her career at McKinsey & Co, where she gained valuable experience in India and Singapore. She further honed her skills through an internship at the World Bank in Washington, D.C.

Infosys Cobalt Airline Cloud to accelerate digital transformation in commercial airline industry

A global leader in next generation digital services and consulting, today announced the launch of Infosys Cobalt Airline Cloud (ICAC) a first-of-its-kind industry cloud offering designed for commercial airlines to help them accelerate their digital transformation journey. Infosys has leveraged its deep domain experience and expertise in the travel and hospitality sector to build ICAC, which will aim to deliver personalized experiences, optimized operations, and net zero journeys for clients.

The ICAC platform is built on composable architecture principles that draw from the overall framework of Infosys Cobalt, a set of services, solutions and platforms for enterprises to accelerate their cloud journey. ICAC provides solutions, APIs and re-usable business assets that can be used for

SJVN Limited’s 60 MW NMHEP progresses towards commissioning stage with Unit-I mechanical spinning.

The spinning of Turbine Generators and associated auxiliaries with water flow marks the final preparations for synchronization of the Units. The Barrage and Head Race Tunnel have been filled with water as per procedural guidelines for filling of the hydro project components.

The 60 MW Naitwar Mori Hydro Electric Project is Run off the river project designed to harness energy from river Tons in Uttarkashi district of Uttarakhand. The project will generate 265.5 million units of electricity annually. The Company has constructed 37 km 220 KV Transmission Line for evacuation of power from Naitwar Mori HEP from Bainol to Snail.

This achievement reaffirms the commitment of the Company to harness the energy from nonfossil fuel sources. Marching towards sustainable future, the Company has aimed to be a 50,000 MW Company by 2040.

Cosmo and Glenmark sign distribution and license agreements for Winlevi® in Europe and South Africa.

Follow on Telegram

  • Cassiopea, the subsidiary of Cosmo, will be responsible for Centralized Marketing Authorization at European Medicines Agency, while Glenmark will undertake registration of the product in South Africa and in the UK.
  • Cassiopea will receive an upfront payment of USD 5 million, in addition to doubledigit regulatory and sales milestones as well as agreed double-digit royalties on net salesCosmo Pharmaceuticals N.V and Glenmark Specialty S.A., a subsidiary of Glenmark Pharmaceuticals Ltd. (“Glenmark”), today announced the signing of distribution and license agreements for Winlevi® (clascoterone cream 1%) in Europe and South Africa.

    Under the terms of the agreements, Glenmark will receive from Cassiopea, a subsidiary of Cosmo, the exclusive right to commercialize Winlevi® in 15 EU countries (Bulgaria, the Czech Republic, Denmark, Finland, France, Hungary, Iceland, the Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Spain and Sweden) as well as in South Africa and the UK. Cassiopea shall be responsible for the Centralized Marketing Authorization at the European Medicines Agency (EMA), and Glenmark will be responsible for the registration of the product in South Africa and in the UK. Cosmo will be the exclusive supplier of the product. Cassiopea will receive an upfront payment of USD 5 million, further double-digit regulatory and sales milestones and agreed double-digit royalties on net sales.

Arvind SmartSpaces’ Arvind Uplands 2.0 in Adroda garners Rs. 300 Cr in sales within 3 days of pre-launch!

Follow on Telegram

Arvind Smartspaces pre-launched Arvind Uplands 2.0, a golf themed plotted development, located at Adroda, South Ahmedabad, selling out the entire 1st phase inventory of about 4 mn sq ft with a booking value of over Rs. 300 Crore in just 3 days

Arvind SmartSpaces Limited, a leading real estate developer in India and a part of Lalbhai group, has pre-launched Arvind Uplands 2.0 in Adroda, South Ahmedabad.

This golf-themed plotted development spans approximately 100 acres and offers world-class infrastructure. The first phase of the project, with a saleable area of about 4 million sq. ft., was sold in just three days, amounting to a booking value of over Rs. 300 Crore. Customers of Arvind Uplands 2.0 will also receive a membership to Monogram Resort – Uplands 2.0 Adroda, which includes a golf course and various state-of-the-art lifestyle amenities.

South Ahmedabad is a promising micro-market for plotted development and weekend homes due to its excellent connectivity to various parts of the city and its proximity to industrial hubs such as Changodar and GIDC.

Follow on Telegram

Coforge and FundMore team up to revolutionize compliance automation for Canadian mortgage lenders

Leave a comment