Mazagon Dock | The state-owned company clinched a ₹1,600-crore contract with the acquisition wing of the Ministry of Defence for the construction and delivery of six next-generation offshore patrol vessels for the Indian Coast Guard. The contract specifies the design, construction, and delivery of the vessels, with the first vessel set to be delivered within 41 months from the date of advance payment release.
Cochin Shipyard | State-run shipyard has signed a firm contract worth ₹488.25 crore with the Ministry of Defence for the short refit of an Indian naval ship. The contract, officially signed on December 19, 2023, involves the repair and maintenance of equipment and systems on board the naval vessel, the company said.
Zee Entertainment | Media major has said Culver Max Entertainment, formerly known as Sony Pictures Networks India, has agreed to discuss extending the date required to make their merger scheme effective. The Subhash Chandra family-promoted media firm said it has received a communication from Sony group for discussing an extension of the deal which was announced almost two years ago.
DLF | The realty firm said it has sold independent floors and commercial plots for around Rs 1,400 crore in Gurugram and Panchkula, in Haryana, amid strong property demand. “We have launched and completely sold out 75 shop-cum-office (SCO) plots in our new project ‘Central 67’ Gurugram,” DLF Home Developers joint MD and Chief Business Officer Aakash Ohri said.
Tips Industries | Music record label promoters, including Kumar Taurani and Ramesh Taurani, have sold a 6.07% stake in the music record label company, according to a regulatory filing. Along with the Taurani brothers, their wives — Renu Kumar Taurani, and Varsha Ramesh Taurani — were also the promoter of Tips Industries Ltd.
Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.
