Wipro has announced the appointment of Amit Kumar as Managing Partner and Global Head of Wipro Consulting, effective immediately. Amit will report to CEO and MD Srini Pallia and join the Wipro Executive Board. The company said he will also lead its efforts to drive consulting-led, AI-powered growth and guide clients through business and technology changes. Kumar will leverage Wipro’s expertise to deliver transformative AI, data, and industry solutions, helping businesses scale and grow amid digital disruption.
EMS Ltd has received Letter of Award for civil (Structure & Finishing) and MEP Works for Multi-storeyed Group Housing Project, “Orchards”, for Towers OCA- 1 to 3 and OCB- 1 to 5 at Jaypee Wish Town, Noida, Uttar Pradesh. The estimated order value (excluding GST) is approximately ₹272.89 crore.
Fineotex Chemical Limited has announced that its revolutionary biotechnology-based mosquito control solution, AquaStrike Premium (formulation based on Azadirachtin), through its wholly owned subsidiary FSPL Private Limited has received approval from the Central Insecticide Board, Government of India for technical import and formulation under Insecticides Act, 1968.
Bharat Electronics Limited (BEL), has signed a contract valued at ₹610 crore for supply of Electro Optic Fire Control System (EOFCS) for Indian Navy. This fully indigenously developed system will be installed and integrated on board Indian Naval Platforms. The system is capable of panoramic/sector search, tracking all types of targets during day/night and engages the tracked targets with the medium range and short range gun mounts.
The board of Kitex Garments Ltd, after considering the recommendation and report of the Audit Committee and the Committee of Independent Directors, has approved a “Scheme of Arrangement between Kitex Childrenswear and Kitex Garments. The scheme, inter alia, provides for demerger of the textile business division of the Demerged Company into the Resulting Company (“Proposed Transaction”
Bharat Heavy Electricals Limited (BHEL) has received a Letter of Intent (LOI) from Singareni Collieries Company Limited (SCCL) for EPC Pkg. of 1×800 MW Singareni Stage-II project. : The order size is approximately ₹6,700 crore excl. taxes & duties.
Alembic Pharmaceuticals has received Establishment Inspection Report (EIR) with classification as “Voluntary Action Indicated (VAI)” for the inspection carried out by US Food and Drug Administration (USFDA) at its Solid Oral Formulation Facility (F-4) at Jarod, Vadodara. The inspection was conducted from November 14, 2024 to November 22, 2024. In a separate notice, it has informed the exchanges that the USFDA conducted a surveillance inspection at the group’s API Manufacturing site situated at Ambernath in Maharashtra. The inspection was conducted from February 10 to 14 and concluded with nil observations.
The Resolution Plan submitted by JSW Energy for KSK Mahanadi Power Company Ltd, which was approved by the Committee of Creditors on January 13, 2025, has received the approval of the National Company Law Tribunal, Hyderabad. As per the approved plan, against the admitted claims of over ₹26,094 crore, the KSK Mahanadi’s creditors will get ₹16,084.08 crore. The plan provides for upfront cash payment of ₹15,985.08 crore to financial creditors of KSK Mahanadi, which is nearly 50% of their admitted claims. The major financial creditors include Aditya Birla ARC Limited, Prudent ARC Limited, Power Finance Corporation Limited, Rural Electrification Corporation among others.
Uno Minda, a global Tier-1 supplier of proprietary automotive systems and solutions to original equipment manufacturers (“OEMs”), is excited to announce that its Board has approved to increase stake in UnoMinda EV Systems Pvt Ltd (UMEV) from 50.10 per cent to 100 per cent by acquiring additional equity stake from its joint venture partner FRIWO Geratebau GmbH. Along with additional stake, Uno Minda through its subsidiaries will also acquire the Intellectual Property Rights, the know-how and R&D Team relating to the e-Drives Business technologies including the required control hardware and service software, from FRIWO’s locations in Germany and Vietnam.