Gold
Maersk: Red Sea impact reduces Q2 capacity by 15%-20%
PM Modi, Russian Deputy PM discuss strengthening trade, energy ties
Prime Minister Narendra Modi met with Russia’s First Deputy Prime Minister Denis Manturov to discuss ways to enhance bilateral cooperation, particularly in the areas of trade, energy, and connectivity. The meeting focused on strengthening the special and privileged strategic partnership between India and Russia, with both sides reaffirming their commitment to advancing mutual interests.PM Modi welcomed the ongoing efforts to implement agreements made during his recent meetings with Russian President Vladimir Putin. Both leaders emphasized the importance of continued collaboration to realize ..
L&T Technology Services acquires US-based Intelliswift for $110 mn
L&T Technology Services (LTTS) has announced the acquisition of Silicon Valley-based Intelliswift for $110 million. The move aims to strengthen LTTS’ offerings in software product development, platform engineering, and digital integration, particularly in data and artificial intelligence (AI). Intelliswift serves high-profile clients across sectors like retail, fintech, and technology, including four of the top five hyperscalers and more than 25 Fortune 500 companies.With this acquisition, LTTS expands its client base and enhances its expertise in the fast-growing digital services market..
Welspun Corp arm sells 5% stake in associate entity for about Rs 480 cr
Welspun Mauritius Holdings (WMHL), a subsidiary of Welspun Corp, has divested a 5% equity stake in East Pipes Integrated Company for Industry (EPIC) for 218.9 million Saudi Riyals (approximately Rs 480 crore). EPIC, based in Saudi Arabia, is a listed associate of Welspun Corp.The stake sale, which was executed in a series of negotiated trades on the Tadawul Stock Exchange, reduces WMHL’s stake in EPIC from 31.5% to 26.5%, though it remains the largest shareholder. The proceeds from the sale will be reinvested into Welspun's new subsidiary, Welspun Pipes Company, KSA, which is set to finance ..
