The Space World group plans to connect all data centres in seven major cities with an optical fibre network in less than a year, founder and chairman Ankit Goel (right) told Business Standard. Space World subsidiary Constl, a fibre-based digital infrastructure provider, is rolling out the largest network of neutral, point-to-point optical… Continue reading Space World plans to connect data centres in 7 major cities in a year | Company News
Tag: plans
Sebi plans changes to force disclosures from conglomerates, unlisted firms
By Jayshree P Upadhyay BENGALURU (Reuters) -India’s markets regulator plans to change its rules to force unlisted companies to make more disclosures, including on related-party and financial transactions at the group, or conglomerate level, the regulator said on Monday. Private companies in India are not required to make rigorous disclosures related to… Continue reading Sebi plans changes to force disclosures from conglomerates, unlisted firms
Saudi Arabia city of future Neom plans to grow crops in the desert
Saudi Arabia is teaming up with a Dutch greenhouse company to create “a synthetic climate” to make the desert bloom. It’s carving out an area the size of some 15 soccer fields to form a horticulture oasis on the outskirts of Neom (artist image pictured), an entirely new city being built on the… Continue reading Saudi Arabia city of future Neom plans to grow crops in the desert
Citroen plans to launch C3 Aircross SUV in Indian market by October
French automotive brand Citroen is all set to launch its C3 Aircross Sport Utility Vehicle (SUV) in the Indian market by October. The company is also set to come up with a new vehicle on the C-cubed platform by early next year. It is betting big on exports from India to markets like South Africa,… Continue reading Citroen plans to launch C3 Aircross SUV in Indian market by October
ONGC plans oil-to-chemical plants in pivot towards energy transition
India’s top oil and gas producer ONGC is planning to set up two oil-to-chemical plants in India to convert crude oil directly into high-value chemical products as it prepares for energy transition that is shaking up the industry worldwide, chairman Arun Kumar Singh said. Crude oil, which companies like ONGC pump out from… Continue reading ONGC plans oil-to-chemical plants in pivot towards energy transition
Punjab & Sind Bank plans to foray into mutual fund space; to finalise partner by Sep
In a bid to expand fee-based income, state-owned Punjab & Sind Bank is planning to foray into mutual fund space and hopes to find a partner by September, a senior official has said. “The bank has already floated a Request for Proposal to finalise a partner in the Fintech space, and we hope… Continue reading Punjab & Sind Bank plans to foray into mutual fund space; to finalise partner by Sep
Royal Enfield plans to launch its first electric bike in two years
Eicher Motors, the manufacturer of the Royal Enfield (RE) bikes, is planning to introduce its first electric bike in India in the next two years, The Economic Times (ET) has reported. Managing Director Siddharth Lal said that the company will install a production facility of 150,000. The production of this first RE electric bike… Continue reading Royal Enfield plans to launch its first electric bike in two years
Tesla discusses India plans with commerce minister Goyal in Delhi -sources
By Aditya Kalra and Shivangi Acharya NEW DELHI (Reuters) – India’s Commerce Minister Piyush Goyal met senior U.S.-based Tesla executives last week in a closed-door meeting to discuss the carmaker’s plans to establish a manufacturing plant in the country, two people with direct knowledge of the matter told Reuters. Tesla has expressed… Continue reading Tesla discusses India plans with commerce minister Goyal in Delhi -sources
Lenovo plans to hire 1,000 techies at shared support centre in Bengaluru
The centre will provide technical support to its customer across various verticals.(Photo: Reuters) PC maker Lenovo plans to hire around 1,000 technical people at its first shared support centre opened in Bengaluru for global customers, a senior company official said on Wednesday. The centre will provide technical support to its customer across various… Continue reading Lenovo plans to hire 1,000 techies at shared support centre in Bengaluru
Street positive on long-term capex plans of Power Grid Corporation
Despite enduring a weak first quarter of the 2023-24 financial year (Q1FY24), Power Grid Corporation (PGCIL) has laid out an ambitious capex plan going forward. It is looking to invest around Rs 1.8 trillion on an existing asset base of Rs 2.7 trillion to aim at keeping over 50 per cent market share in… Continue reading Street positive on long-term capex plans of Power Grid Corporation