Bharat Heavy Electricals Limited (BHEL), a major supplier of locomotives and electrical components for Indian Railways, has partnered with HIMA Middle East FZE, a subsidiary of the world's leading railway and process industry safety automation provider HIMA Paul Hildebrandt GmbH. This strategic alliance aims to strengthen BHEL's offerings in the railway signalling business.
Open FlipIDBI Bank announced its January-March quarter results for fiscal 2023-24 (Q4FY24) on Saturday, May 4, reporting a rise of 43.7 per cent in net profit at ₹1,628.5 crore, compared to ₹1,133.4 crore in the corresponding period last year. The private sector lender's net interest income (NII)--the difference between interest earned nd interet paid-- in the March quarter rose 12.4% to ₹3,687.9 cr.
Open FlipAdani Enterprises has expressed interest in developing the port of Bataan in the Philippines. This was confirmed by an official statement from the Presidential Communications Office on Friday. During a discussion with Philippine President Ferdinand R. Marcos Jr. in Manila on Thursday, Karan Adani, the Managing Director of Adani Ports and Special Economic Zone Limited (APSEZ)—India's largest port.
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