Newgen Wins Rs 466 Million US Contract From Financial Major

23 Oct 2025 CW Team

Newgen Software Technologies has announced a major contract win for its US subsidiary, Newgen Software Inc., securing a two-year agreement worth USD 5.29 million (around Rs 466 million) with a leading financial institution in the United States.

According to the company’s regulatory filing, the deal includes annual software licensing fees, cloud hosting services, and other service-related charges. The contract was signed with a non-related international entity, and does not involve any promoter or group company interests.

Newgen clarified in its statement that the transaction does not qualify as a related party transaction under the provisions of the Companies Act, 2013.

This agreement highlights Newgen Software’s growing footprint in the US market, underscoring its ability to win large-scale contracts from major financial players. The two-year deal is expected to generate steady revenue for its American operations while strengthening its brand credibility in the global financial technology sector.

The contract was executed through Newgen Software Inc., the US subsidiary of Newgen Software Technologies, and is seen as a strategic step in expanding the company’s international business pipeline.

Infrastructure Transport

07 Apr 2026

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..

Gujarat Pushes Biogas Growth With 193 Operational Units

Gujarat has operationalised 193 biogas plants across the state and is planning to add 60 more units as part of a broader push to scale up clean and sustainable energy solutions. The existing plants, established under various government-supported schemes, process organic waste including cattle dung and agricultural residue to produce biogas and a nutrient-rich slurry. The output is mainly used for cooking and other energy needs in rural and semi-urban communities, while also improving local waste management practices. The Gujarat Energy Development Agency (GEDA) is leading the initiative and is..