India and Sri Lanka’s joint working committee on the power sector will likely meet this month to further discuss grid interconnectivity and renewable energy collaboration, Minister of Power and Energy of Sri Lanka, Kanchana Wijesekera told Economic Times India. The two countries have been planning to connect their grid to trade power for almost two […]
Ocean Lanka (Pvt) Ltd, Sri Lanka’s leading weft-knitted fabric manufacturer, celebrated a momentous occasion at the recent Victoria’s Secret & Co Partner Summit 2024 in Hong Kong, becoming the first fabric mill in Sri Lanka to be recognized with the prestigious Raw Material Supplier Cost Efficiency Award. This distinguished honor underscores Ocean Lanka (Pvt) Ltd’s […]
The Yancheng Low-Carbon & Smart Energy Industrial Park project has been awarded the 2023 Energy Globe World Award. Also known as the Net Zero Carbon Intelligent Campus project, it is a collaborative effort by the Yancheng Power Supply Company of State Grid Jiangsu and Huawei. The Energy Globe World Award is presented by a panel […]
Socomec India, a leading global specialist in Low Voltage (LV) power management, has unveiled its ambitious expansion plan today. The Chennai-headquartered French powerhouse is set to venture into the markets of Sri Lanka, effective immediately. Termed as ‘Greater India,’ this strategic move consolidates into a unified business entity, marking a significant milestone for Socomec India […]
Janashakthi Insurance PLC, a member of the Janashakthi Group, announces the appointment of Dr. Gehan Gunatilleke as an Independent, Non-Executive Director to the Company’s Board of Directors, effective from 24th January 2024. Dr. Gehan Gunatilleke is an attorney-at-law and a founding partner of LexAG, a law firm based in Colombo. He has previously served as […]
When Hindenburg Research accused the Adani Group of “brazen stock manipulation” and accounting fraud a year back, it led to a stock market rout that erased about $150 billion in market value at its lowest point. But unlike its previous targets, tycoon Gautam Adani, who was the world’s second-richest man before the damning January 24, […]
hSenid Business Solutions (hBS) released its financial results for the quarter ending on December 31, 2023, reporting a 23 percent year-over-year increase in revenues. The PeoplesHR Cloud business, constituting 76% recurring revenue, remains the primary driver having recorded a 40% growth year-on-year. The Company achieved a critical milestone in its growth journey by surpassing $3 […]
A week-long “Seeds for the future European Grand Finale,” bringing together a select cohort of “Seeds for the Future” alumni hailing from 18 European countries, ended on January 23. Hosted by Huawei Europe, the closing ceremony for the week-long journey showcased the collective achievements of Seeds alumni who had previously attended training programs organized in […]
Hayleys Aventura (Pvt) Ltd, a subsidiary of Hayleys PLC, recently hosted the inaugural Congress for Sustainable Materials 2024 at the Kingsbury Hotel, Colombo, with this year’s theme based on ‘The Future of Plastics & Packaging.’ The Congress showcased two distinguished panels, each representative of various industries such as Agriculture, Food, Packaging, Textiles, and Gloves in […]
Consolidated power sale volume at 21.5 Billion Units (BU) in Q3 FY24, up by 82% from 11.8 BU in Q3 FY23 due to improved power demand and larger installed capacity. Adani Power Ltd. (APL), a part of Adani portfolio companies, recently announced the financial results for the third quarter ended at 31st December 2023. Commenting […]