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Shriram Automall enters into Rs.500 billion stressed assets management industry.India’s largest physical & online bidding platform for pre-owned vehicles and equipment, Shriram Automall (SAMIL) has acquired majority stake in Augeo Assets Management (Augeo). The ...

Shriram Automall enters into Rs.500 billion stressed assets management industry.India’s largest physical & online bidding platform for pre-owned vehicles and equipment, Shriram Automall (SAMIL) has acquired majority stake in Augeo Assets Management (Augeo). The company is a premium service provider in the asset disposal, transaction advisory and custodial services. It also conducts e-auction for diversified assets including real estate, plant and machinery, equipment, commodities, natural resources, minerals, mines, salvage, scrap, surplus and miscellaneous assets through its electronic market place 123done.in, which hosts e-selling, e-procurement and e-listing services. A new journeyThis acquisition fosters the vision of Shriram Automall to enter into industrial auction in addition to its existing automobile industry.  Sameer Malhotra, Director and CEO, Shriram Automall, said, “We are growing exponentially on a year-on-year basis and have been exploring new industries to add up to our existing vehicle auction business to grow multifold in the coming years. We found the industrial equipment and commodities industries as most complimentary in the auction business, which aptly suits our 10 million customer base at Shriram Group and CarTrade Group. Thus, we found 123done.in, which is a right fit to match our vision. We are excited to find the right kind of leadership in 123done.in to be part of our growth story.”

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Infrastructure Urban

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

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Infrastructure Urban

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

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Infrastructure Urban

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..

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