The Company has been adjudged as the highest bidder for Developing, Operating and Maintaining of Wayside Amenities in South Zone on Bengaluru Chennai Expressway Corridor (Phase II) Section on lease basis. The contract is awarded by National Highways Logistics Management Limited – a 100% owned SPV of National NHAI, Under Ministry of Road Transport and … Read more
C.E. Info Systems (MapmyIndia) has made some surprise announcements. Rohan Verma, the CEO and Executive Director of the Company is stepping down from the CEO position to float a new B2C Venture He however, will continue to the Non-Executive Director of MapmyIndia MapmyIndia will provide the following support to the new B2C Venture by Rohan … Read more
Along with it’s Q2 FY 25 results,. Zomato’s board has approved a QIP raise. QIP is for Rs 8,500 cr Raise is to strengthen the balance sheet As per Company – “While the business is now generating cash (vis-a-vis a loss making business at the time of IPO), the company believes that it needs to … Read more
In continuation of it’s strategy to grow organically, Medi Assist’s TPA subsidiary (MATPL) has signed a definitive agreement to acquire Paramount Health Services & Insurance TPA (Paramount). Paramount is the 4th largest TPA by total revenues and 2nd largest TPA in Group segment by Premiums in India. The Company in FY24, had a market share … Read more
The increasing adoption of electric vehicles, the rising number of smartphones, laptops, and other consumer electronics, and the growing need for eco-friendly energy storage solutions have been driving the Lithium-ion (Li-ion) battery market in India. Estimated at $2.5 billion in 2023, it is expected to cross $5 billion in the next five years. The increasing … Read more