RITES Signs Memorandum of Understanding with CFM Angola for Railway Infrastructure Development and Rolling Stock Supply
Transport infrastructure consultancy and engineering firm, RITES Limited, has signed a Memorandum of Understanding (MoU) with Caminho De Ferro De Moçâmedes (CFM) Angola to collaborate on the development of railways and related infrastructure, as well as the supply of rolling stock.
Under the terms of the Memorandum of Understanding, RITES Limited and CFM Angola will collaborate on various areas, including the supply of rolling stock, railway infrastructure projects, repairing of rolling stock, operations and maintenance of railway infrastructure, information technology services, technical maintenance, master planning, and more.
Vakrangee acquisition of 8.8% equity stake in Vortex Engineering Private Limited
Vortex Engineering Private Limited is a top provider of Automated Teller Machines (ATMs) and is known for manufacturing and marketing the world’s most cost-effective ATMs using patented technology. With over 10,000 ATMs shipped across India, Africa, and South Asia, Vortex is a leader in the industry. Additionally, the company offers software products that complement their ATM hardware.
- The acquisition is not a related party transaction.
- This is a strategic investment which will help the Company to have a complete backward integration in place for ATM Business and thereby unlocking future growth opportunities, leverage the cost synergies and technology know-how.
- Rs. 3.33 Crores for acquiring 8.8% equity interest in Vortex from seller
- Acquisition of 66,050 Equity shares from International Finance Corporation representing 8.8% of the equity stake in Vortex
3i Infotech Named Representative Vendor in 2023 Gartner Market Guide for Application Testing Services, Worldwide
3i Infotech, a global provider of testing and quality assurance services, has been recognized as one of the Representative Vendors in the 2023 Gartner Market Guide for Application Testing Services, Worldwide. With over two decades of experience, 3i Infotech has been continuously innovating its testing solutions and offering custom engagement models to provide high-quality application and product testing services to its customers. The company helps its customers build, redesign, migrate, and manage their applications and products successfully.
In the Pure-Play Crowdtesting Service Providers category, all providers offer crowdtesting as their primary service and generate most of their revenue from it. These providers use crowdsourced communities to verify and validate physical and virtual products, applications, and services. They typically have a crowdtesting platform with a community of over 10,000 testers with different attributes and characteristics, such as domain expertise, demographics, and language. These providers are suitable for clients of all sizes who want flexible, scalable, unbiased, real-world testing engagements at a competitive rate.
Bajaj Healthcare appointed of Dr. Mohammed Jaweed Mukarram as an Advisor in the R&D division,specializing in (APIs).
BHL is pleased to inform that, the Company has appointed Dr. Mohammed Jaweed Mukarramas an Advisor in the Research and Development division, specializing in Active Pharmaceutical Ingredients (APIs). He is holding 45 years of Research Experience (including Ph.D as well as of post Doctoral). His extensive knowledge and expertise make him a valuable addition to our team.
Commenting on the above business update, Mr. Anil Jain, Joint Managing Director, Bajaj Healthcare said: “I am delighted to inform you that the Company has appointed Dr. Mohammed Jaweed Mukarram as an Advisor in the Research and Development division, specializing in Active Pharmaceutical Ingredients (APIs). Dr. Mohammed Jaweed Mukarram brings with him a wealth of experience spanning an impressive 45 years in the field of Research and Development (including Ph.D as well as of post Doctoral). His extensive knowledge and expertise make him a valuable addition to our team.