Swan Energy Limited rebranded the acquired company, RNEL, to Swan Defence and Heavy Industries Limited, effective January 02, aiming to establish itself as a key player in naval defence and oil and gas vessel manufacturing. The acquisition was made possible through a partnership with Nikhil Merchant and Hazel Mercantile, with Swan Energy owning a 74% stake in the SPV. The company’s stock rose by 3.06% on Thursday, with plans to collaborate with Balu Forge Industries Ltd. to address demands in the global railways, defence, and aerospace sectors.
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Active Covid cases cross 3,000 mark, Kerala tops list
India's Covid-19 Situation India's active Covid-19 cases have exceeded 3,000, with Kerala reporting the highest number. Recent data shows an increase in cases over the past ten days, alongside a few related deaths. Health officials are closely monitoring the situation, noting that infections are mostly mild and managed at home, with genome sequencing revealing that Omicron sub-variants are responsible for the rise in cases. Full Article
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