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US-based staffing and technology solutions provider Tryfacta has won two contracts under NASA's Solutions for Enterprise-Wide Procurement (SEWP) programme, giving it greater access to federal IT business opportunities through 2036. The company, which recently filed draft papers for a proposed USD 100-150 million IPO at GIFT City, Gujarat, said it won contracts under Category B (Enterprise-Wide IT Service Solutions) and Category C (IT Mission-Based Services), enabling it to compete for federal IT task orders across US government agencies through a pre-competed procurement channel. The multiple-award, have a 10-year ordering period from November 1, 2026, to October 31, 2036. Each contract carries a maximum value of USD 20 billion. With the awards, Tryfacta will be eligible to bid for task orders covering enterprise IT services, cybersecurity, cloud transformation, application development, AI-driven automation, data analytics and programme management support. Earlier this month, Tryfa
Akasa Air plans to come out with its initial share sale in the next two to four years, depending on achieving various milestones, its Chief Financial Officer Ankur Goel said on Tuesday as he stressed that the airline's IPO is "not a question of if but a question of when". After taking to the skies in August 2022, the airline is slowly expanding its presence and currently flies to 34 destinations, including 7 international cities. The nearly four-year-old carrier, now, has a fleet of 39 planes and aims to have 226 aircraft by 2032. Responding to queries about the Initial Public Offering (IPO) at a briefing in the national capital, Goel said the time frame is going to be 2-4 years, depending on achieving various milestones such as being EBITDA positive, cash flow and profitability. "IPO will happen for us, it is not a question of if, it is a question of when, we are not creating an airline to do an IPO, we are creating an airline that really creates value...," he said, and also ...
Indore-based Laxyo Ltd, an integrated infrastructure and mining services company, on Monday said that it has expanded its operations in Africa and bagged a Rs 200-crore contract in Zambia. The project, being executed through its subsidiary, Laxyo Evapeta Zambia Ltd, represents the company's first overseas raise-boring contract and currently accounts for 12.6 per cent of its total order book. "Indore-based Laxyo Ltd, an integrated infrastructure and mining services player, has marked a significant milestone by expanding its operations into the African mining market through a Rs 200-crore raise boring contract at Mopani Mines in Zambia," the company said in a statement. Raise boring is a modern underground mining technique used to create shafts and tunnels without using explosives. The method is widely preferred in underground mining operations due to its superior safety standards, operational efficiency and ability to create critical infrastructure such as ventilation shafts and esca