Adani Unit Acquires Full Stake in Indamer Technics in MRO Push
Adani Defence Systems and Technologies Limited (ADSTL), through its venture Horizon Aero Solutions Limited and in partnership with Prime Aero Services LLP, has signed a definitive agreement to acquire a 100 per cent stake in Indamer Technics Private Limited (ITPL). Horizon is a 50:50 joint venture between ADSTL and Prime Aero, owned by Prajay Patel, director of Indamer Technics.In a regulatory filing, Adani Enterprises said the acquisition strengthens its presence in the aviation Maintenance, Repair, and Overhaul (MRO) sector.Located in the MIHAN Special Economic Zone (SEZ) at Nagpur, ITPL ope..
Karur Vysya Bank Opens Three New Branches in Three States
Karur Vysya Bank (KVB) has expanded its network with the inauguration of three new branches in Maharashtra, Andhra Pradesh, and Tamil Nadu.The Karur-based private sector bank has opened branches in KK Nagar, Udayanpatti, Tiruchirappalli (Tamil Nadu), Thane (Maharashtra), and Kurnool (Andhra Pradesh), Managing Director and CEO Ramesh Babu announced.Launched on Monday, the branches will provide a full range of banking services including accounts, deposits, loans, and other customer-focused transactions. Babu said the expansion is part of KVB’s strategic plan to strengthen its presence in high-..
Jupiter Wagons Wins Rs 2.42 Billion GATX Wagon Order
Jupiter Wagons Limited (JWL), a leading manufacturer of advanced mobility solutions for rail, road, and marine transport, has secured a Rs 2.4241 billion contract from GATX India Private Limited, the country’s largest private railcar lessor. The order involves the production and delivery of 583 high-performance wagons designed for diverse freight operations.The contract covers four specialised wagon types:BLSS (Container Carrier Wagon): Built for ISO container movement, with high axle load capacity and an enhanced payload-to-tare ratio for improved efficiency in intermodal transport, reducin..
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