Sunday, September 27
Chief Minister Rekha Gupta’s new official residence at Bungalow Number 1 on Raj Niwas Marg is set to undergo a major renovation beginning early July, according to a report by Hindustan Times.Citing a tender issued by the Public Works Department (PWD) on June 28, the report stated that the first phase of the revamp will focus on upgrading electrical fixtures, with further civil works and modifications to the adjoining camp office to be taken up in separate tenders. The initial renovation is estimated to cost Rs 60 lakh and is to be completed within 60 days.The proposed electrical overhaul includes additional 14 air conditioners, 10 LED flood lights, three large chandeliers, wall-mounted illumination fixtures, and an electric chimney. In total, 80 electrical points will be rewired, and ins
Bharat Forge Limited (BFL) on Wednesday said that the company has successfully concluded the acquisition of AAM India Manufacturing Private Limited, marking a significant step in expanding its automotive product portfolio. The acquisition, announced earlier on October 17, 2024, was finalised after receiving the Competition Commission of India’s (CCI) approval on April 22, 2025.The acquisition was completed at an equity value of Rs 746.46 crore, which includes Rs 189.48 crore in cash on AAM India’s books. This cash reserve is expected to be utilised to address future growth opportunities for the company. Bharat Forge stated that the final equity value remains subject to net working capital adjustments as of June 30, 2025.The acquisition brings into BFL’s fold an established automotive
