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Category Archives: Banking & Finance

PCL takes majority stake in Dutch company

Emoss to capitalize on Indian financial bandwidth Pune’s global exporter Precision Camshafts Ltd. (PCL) has taken a 51% stake in Dutch electric mobility company, Emoss Mobile Systems, for access to mature electrical mobility markets such as Europe, North America and Australasia.

Handshake

PCL acquires German MFT

Opportunities for new product offerings Global auto ancillary major Precision Camshafts Ltd. (BSE 539636; NSE PRECAM) has acquired German precision machinist MFT Motoren und Fahrzeugtechnik GmbH (MFT).

Lucknow Station

Ten stations identified for redevelopment

Integrated planning under Smart Cities initiative Ten stations have been identified for redevelopment under the Ministry of Railways and Ministry of Urban Development memorandum of understanding signed recently.

Anuj Puri

Landmark policies to consolidate Indian real estate

Weaker players will exit market By Anuj Puri, Chairman – ANAROCK Property Consultants India’s real estate sector is emerging from a prolonged slowdown coupled with landmark policy inputs which have begun to edge out the ‘small fry’ – essentially creating an environment of large-scale consolidation

RGK names Airtel billing partner

India represents a major international market Barcelona-headquartered RGK Mobile, a forward-thinking global provider of digital content subscription services and mobile payment aggregation, has named Airtel a partner in its direct billing services in India.

World Bank building

World Bank signs US$318M loan for Tamil Nadu farmers

Loan to modernize tank irrigation system The World Bank has signed a US$318 million loan agreement for the Tamil Nadu Irrigated Agriculture Modernization Project to promote climate resilient agriculture technologies, improve water management practices, and increase market opportunities for small and marginal farmers.

Ducon sets up New York unit for global market

US$50 billion turbines-cogen plant market by 2022 India’s Ducon Infratechnologies Limited (BSE:534674, NSE:DUCON), has set up a wholly owned subsidiary, Ducon Combustion Equipment Inc. (DCE), in New York, to sell diversified combustion and power products to global markets where demand is projected at US$50 billion

INTELSAT logo

Intelsat-LAMHAS in multi-year satellite pact

Intelsat technology is well placed in India Intelsat S.A. (NYSE: I), operator of the world’s first Globalized Network and leader in integrated satellite communications and LAMHAS, one of the fastest growing teleport operators in India, have signed a multi-year agreement for satellite services supporting media