Hyderabad, Dec 5 (UNI) Graphite India Limited, one of the largest producers of graphite electrodes globally, on Tuesday announced it has entered into a definitive transaction with a cash consideration of Rs. 50 Crores for an investment in Compulsory Convertible Preference Shares of GODI India Private Ltd, , which on a fully diluted basis will provide an equity shareholding of 31% in the company.

NLCIL starts bio mass co-firing at its power station in Tuticorin

New Delhi, Dec 5 (UNI) In a move that would reduce coal consumption, NLC India Ltd (NLCIL) on Tuesday started bio-mass co-firing at its coal-based thermal power station NLC Tamilnadu Power Ltd (NTPL) in Tuticorin.

FedEx invests USD 100 million to foster job growth & innovation in Hyderabad's Tech Hub

Hyderabad, Dec 5 (UNI) FedEx Express (FedEx), a subsidiary of FedEx Corp. and one of the world’s largest express transportation companies, on Tuesday announced it has inaugurated its first Advanced Capability Community (ACC) in Hyderabad.

Ambuja Cements completes acquisition of Sanghi Industries

New Delhi, Dec 5 (UNI) Adani group firm Ambuja Cements on Tuesday said that it has successfully completed the acquisition of Sanghi Industries Limited (SIL).

LIC emerges as 4th largest global life insurer in world ranking

Kochi, Dec 5 (UNI) Life Insurance Corporation (LIC) has emerged as the fourth-largest global life insurer as per the "Top 50 Life Insurers in the World" ranking by S&P Global Market Intelligence
In a major recognition of its financial strength, India’s state owned LIC has emerged as the fourth largest global life insurer, according to a new ranking, on the basis of life and accident & health reserves, by S&P Global Market Intelligence, a release said.