Praj Industries Ltd. has received an Order for Rs. 226.90 crores from Indian Oil Corporation Limited (IOCL), New Delhi, for execution of Zero Liquid Discharge System – “Water Treatment Package and Waste Water Treatment Package of Acrylic/Oxo-Alcohol Project at IOCL Dumad, Gujarat”. Praj, an industrial biotechnology company is driven by innovation and delivery capabilities. Over…
Indian tech company, Tech Mahindra recently announced that it has signed an agreement to acquire a 100% stake in US-based Zen3 Infosolutions for $64mn (approx ₹460Cr) in an all-cash deal. With headquarters in Seattle, Zen3 has offices in Dublin, Hyderabad, Visakhapatnam, and Bengaluru with over 1,300 employees. Talking to the Press Trust of India, Vivek…
Indian tech giant Infosys recently announced that it has completed the sale of its stake in Danish startup UNSILO for $800,000, approximately ₹5.7cr. Infosys had invested in UNSILO in 2016 about ₹14.5cr from its $500mn innovation fund. UNSILO is an AI startup focused on advanced text analysis. It uses a combination of machine learning and…
Jairam Sridharan, Chief Financial Officer of Axis Bank, will be exiting from his role. The bank in its exchange filing informed that Sridharan has submitted his resignation and would be moving on to pursue other career opportunities. He will continue to serve as the Group Executive & Chief Financial Officer of the Bank under his notice period of three months. He had taken over the CFO role in October 2015.