Backyard Attain Shipbuilders & Engineers Ltd (GRSE) has signed a contract with Germany-based Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG for the development and supply of the seventh and eighth 7,500 DWT multi-purpose vessels (MPVs).
State-owned Punjab & Sind Financial institution on Monday mounted the ground worth for elevating funds by way of a QIP at ₹40.38 per share. The financial institution has proposed to lift ₹2,000 crore by way of a Certified Institutional Placement (QIP). The board in its assembly accepted and adopted the preliminary placement doc dated March 24, 2025, along with the appliance kind in reference to the difficulty, Punjab & Sind Financial institution mentioned in a regulatory submitting. The board additionally accepted the ground worth of the difficulty at ₹40.38 based mostly on the pricing method as prescribed by SEBI rules, it added.
Hyundai Motors India has knowledgeable that it’s investing ₹694 crore in a tooling centre to fabricate stamping instruments and car panels.
IL&FS Engineering Providers has obtained a present trigger discover from Indian Abroad Financial institution (IOB) for reviewing the classification of the corporate’s mortgage account as a suspicious fraud account. Amenities concerned for Rs 123 crore, although irregularities haven’t been quantified by the lender, IL&FS Engineering mentioned in a regulatory submitting. This was first noticed by Grant Thornton India of their forensic audit report and was duly reported to MCA for acceptable action, it mentioned.
Infrastructure main Larsen & Toubro (L&T) on Monday mentioned its wholly-owned arm LTEGL has entered right into a pact with John Cockerill for exploring particular inexperienced energy applied sciences. The Memorandum of Understanding (MoU) goals to determine and develop strategic collaboration alternatives in manufacturing, part provide and engineering options essential to the implementation and deployment of Concentrated Photo voltaic Energy (CSP) and Thermal Power Storage (TES) initiatives.
HCL Applied sciences has partnered with Western Union to modernise monetary companies utilizing AI and cloud options. The deal makes HCLTech Western Union’s largest most popular associate, strengthening its place within the fintech area.
On-line journey aggregator (OTA) Ease My Journey plans to foray into the constitution aviation sector with the acquisition of a 49 per cent stake in Large Constitution Pvt Ltd. In an alternate submitting, EaseMyTrip mentioned it has obtained in-principle approval from its board for the stake acquisition within the constitution aviation firm. The deal will be topic to a last nod from the corporate’s board and shareholders.
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