Bharti Airtel’s $1Bn 4G Network Gear Order

In a significant development, Bharti Airtel plans to award a $1 billion order to global tech giants Ericson, Nokia, and Samsung for 4G network gear over the next three years. This move aims to boost Airtel's 4G network infrastructure across India, improving customer experience and network efficiency. Airtel continues to focus on upgrading its network infrastructure, positioning itself ahead of the competition.

For more updates on Top News Headlines and insights into how Airtel’s stock might be impacted, explore our detailed market analysis under Trading with CA Abhay.

Infosys Partners with Metro Bank for Digital Transformation

Infosys Limited announced its strategic collaboration with Metro Bank, focusing on accelerating Metro Bank’s digital transformation. This partnership will enhance the bank's automation capabilities, improve data processing, and embed AI-driven technologies. This collaboration is a key move for Infosys in the global banking sector, furthering its reputation as a leader in digital solutions.

RMC Switchgears Wins 41 MW Solar Project

RMC Switchgears has received a major order for the development of a 41 MW (AC) solar photovoltaic power project in Maharashtra. This project is expected to be a substantial contributor to Maharashtra’s solar energy capacity, furthering India’s goal for green energy transition. RMC Switchgears will handle the complete project from development to installation.

Fundraising and Corporate Updates

Padam Cotton Yarns Limited has scheduled a board meeting for September 21, 2024, to evaluate potential fundraising routes.

Emerald Finance Limited has partnered with R.R. Enterprises to launch its Early-Wage-Access program, benefiting employees of Municipal Corporation in Chandigarh and Delhi Urban Shelter Improvement Board.

Tilaknagar Industries Ltd. received Rs 10.36 crores as a subsidy from the Government of Maharashtra, enhancing its past investments in the state.

Other Major Announcements

Life Insurance Corporation of India (LIC) has increased its stake in Biocon Ltd., raising its shareholding from 4.982% to 5.023%.

SKF India Limited has announced plans to separate its Automotive business for a listing on Nasdaq Stockholm by 2026.

Indo-Tech Transformers Limited secured a Letter of Award for the supply of transformers worth INR 42.56 crores.

Canara Bank has issued Tier I and Tier II Bonds under the BASEL III compliance with an issue size of Rs 2000 crore.

DCM Shriram Industries Ltd. received an observation letter from BSE Ltd. concerning its Composite Scheme of Arrangement.

Mergers, Acquisitions, and New Collaborations

Mirza International Limited announced the incorporation of a new subsidiary named Genesis Brands Private Limited.

Vakrangee Limited partnered with Star Health Insurance to offer health insurance products across its network.

Everest Kanto Cylinder Limited has completed a strategic transfer of shareholding involving its subsidiary in Dubai and Hungary.

Mankind Pharma Limited will hold a board meeting on September 20, 2024, to consider raising funds via non-convertible debentures and other debt securities.

For more insight into mergers and new business ventures, visit Choice Broking FinX.

Industry Highlights: Steel, Finance, and More

Rishi Laser Ltd. entered into a technical collaboration with two robotic companies to provide advanced robotic systems for the steel fabrication industry.

Conart Engineers Limited approved the sub-division of its equity shares, splitting the shares in a 1:2 ratio.

Resgen Limited partnered with Goneutral Technologies to provide EPR compliance solutions to top brands like Microsoft, Parle Agro, and Britannia.

For further updates on similar issues and investment opportunities, explore the Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi and stay informed with the Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News- Finance Saathi.

Join our Trading with CA Abhay Telegram Channel for stock market trading insights and the Finance Saathi Telegram Channel for regular updates on share markets and IPOs.

Start your stock market journey by opening a free demat account with Choice Broking FinX.