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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 Energy

Coal India, SCCL, and Heartfulness Join Forces for Responsible Mine Restoration

Coal India, Singareni Collieries Company (SCCL), and Heartfulness have entered into a transformative partnership through the signing of two Memorandums of Understanding (MoUs), as announced by the Ministry of Coal and Mines (Government of India). The MoUs were officially signed at Kanha Shanti Vanam, Heartfulness headquarters, in the outskirts of Hyderabad. The event was graced by Shri G. Kishan Reddy, Union Minister of Coal and Mines, and Shri Satish Chandra Dubey, Minister of State for Coal and Mines, along with senior officials from all the parties involved.The primary goal of these MoUs is..

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Infrastructure Urban

Military Forum in Berlin Highlights VpCI® Tech for Combat-Ready Preservation

On June 25, 2025, the Embassy of the Republic of Croatia in Berlin hosted an exclusive Military Forum dedicated to "Combat-Ready Preservation of Military Assets with Patented VpCI® Technology." The event gathered experts from the global military industry to discuss the essential role of advanced corrosion protection in enhancing the operational readiness and longevity of military equipment.The forum spotlighted VpCI® technology, developed by Cortec® Corporation, a leading provider of environmentally responsible corrosion protection solutions. Cortec's experts, along with their international..

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Infrastructure Urban

Khalifa Fund’s 'Future Entrepreneur' Program to Empower Youth in Abu Dhabi

The Khalifa Fund for Enterprise Development (KFED) will launch the 'Future Entrepreneur' program on July 4, 2025, to develop entrepreneurship skills among youth aged 6 to 18. The program aims to cultivate innovation, impart financial management skills, and build a new generation of national entrepreneurs, all under expert guidance in a practical setting.The program is expected to engage 5,000 participants, developing 2,500 entrepreneurial projects and 1,000 small ventures through the ‘Future Entrepreneurs Permit’ initiative, which is part of the Abu Dhabi Registration Authority (ADRA) and ..

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