News Overview

The new JV will be equally held by Dixon and Signify with 50% stake each. The deal does not state that either company will have ownership stakes in each other's existing businesses.

The investment will enhance PFL's position in the financial services market and operational capabilities.

The partnership bolsters HCLTech’s position in the semiconductor ecosystem and is aligned with its strategic focus on high-end technology solutions.

Top gainers in Sensex include Bajaj FinServ, Larsen, HDFC Bank, Bajaj Finance.

Coal India has a 51% stake in the new entity with an investment of ₹51,000 and GAIL owns the remaining 49% with an investment of ₹49,000.

The business agreement aims to leverage emerging technologies including artificial intelligence (AI), cloud computing and digital engineering to transform the future of Western Union’s financial services.

Each MPV will measure 120 meters long, 17 meters wide, and have a maximum draft of 6.75 meters, with a cargo capacity of 7,500 tonnes.

The agreement is a master services contract and will see the implementation of platform-based life and pension TPA services for the entirety of ReAssure’s business over the next 10 years.

The move is in line with the aim of expanding the natural gas infrastructure in India and promoting a more competitive and efficient energy market.

With this deal, the MoD has inked capital procurement contracts aggregating to ₹1.40 Lakh Crore in FY 2024-25.