BEML, Vedanta and RailTel Corporation of India to see some action today

BEML has received variation order of 3Ph MEMU for 88 cars valuing Rs 261.65 crore approximately. This variation order includes supply of 22 Nos. of Motor Coaches and 66 Nos. of Trailer Coaches. Supplies are expected to be completed by July 19, 2023.

Vedanta has partnered with an IIT Madras-incubated startup Detect Technologies to implement AI (Artificial Intelligence)-based safety incident detection by deploying T-Pulse HSSE monitoring system across all Vedanta business units. The collaboration is in line with Vedanta's commitment to zero harm through AI-enabled safety monitoring of workplaces, which is a primary initiative in its digital transformation roadmap. The module will be implemented to find unsafe acts and conditions under various categories such as job safety and vehicle safety, among others.

RailTel Corporation of India has entered into the agreement with the Wadhwa Group, one of India’s leading real estate development companies and a prominent realty player in Mumbai for developing Broadband Internet infrastructure for internet & DTH/Cable TV at their Wadhwa Wise City, Panvel, Navi Mumbai.

One Point One Solutions has entered into a strategic partnership with Bahwan CyberTek (BCT), a globally recognized provider of digital transformation solutions and services. Both organizations will combine capabilities to deliver premium digital transformation services including cloud managed services and sophisticated follow-the-sun virtual customer service. This alliance will provide customers service level improvements, cost effectiveness and enhanced total experience.

Choice International has infused Capital of Rs 1 crore in Choice Portfolio Management Services (Subsidiary Company) constituting 10 lakh equity shares of Rs 10 each on July 13, 2022. Pursuant to this, the holding of the Company in its Subsidiary Company has been increased from 52.60% to 67.84%.

The Board of Directors of Response Informatics at their meeting held on July 14, 2022, considered and approved the recommendation of Audit Committee to acquire the Technologia Corporation, NJ, USA for a consideration of USD 300,000. The mode of discharge of consideration is on cash payment basis. The acquisition strengthens Response Informatics' digital ambitions and helps offer services in emerging technologies. This acquisition will provide an entry to Response Informatics into the nascent non-US.

Cipla Health (CHL), wholly owned subsidiary and consumer healthcare arm of Cipla, has signed definitive agreements for acquisition of Endura Mass, a renowned nutritional supplement brand in the category of weight gain from Medinnbelle Herbalcare Private Limited. Endura and all other associated trademarks would be part of the acquisition.