After the company folded its India business, Gandhi was recently redesignated as TikTok Head for the Middle East, Africa, Turkey and South Asia.
This is the first big deal after the government opened up defence sector and both the companies have a shared vision for infrastructure growth, said Nikhil Gandh of Pipavav Defence.
The industry is delighted to see government thrust on defence orders, says Nikhil Gandhi, Chairman, Pipavav Defence adding that he expects clearance for more such proposals for Army, Navy and Air Force.
Pipavav port is seeing a turnaround thanks to some smart decisions and some serendipity.
Pipavav Defence and Offshore Engineering expects significant improvement in the order book in two quarters, Chairman Nikhil Gandhi pointed out. Defence orders to drive order inflow in coming quarters, he added.
It continues to be a steep learning curve for Everonn Education. After the company's managing director was arrested in bribery and tax evasion case, its largest shareholder also is under the taxman's scanner, reports CNBC-TV18’s Mitra Joshi and Kritika Saxena.
Income tax sleuths today searched the premises of Nikhil Gandhi-promoted SKIL Group, which runs Pipavav Shipyard, in Mumbai and in the national capital for suspected tax evasion.
The taxman is on the prowl once again! The I-T department today searched the offices of the Pipavav Defence in Mumbai and Gujarat.
Shares of Pipavav Defence sank over 3.5% in morning trade on Tuesday, after its joint venture with Mazagon Dockyard was put on hold by the Defence Ministry.
Nikhil Gandhi, group chairman of SKIL Infra, in an interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, said that the company is planning to raise funds through long-term debt to meet requirements.
Everonn Education touched a 52-week low of Rs 227.80. At 09:25 hrs the share was quoting at Rs 259.30, up Rs 6.20, or 2.45%.
Promoter Nikhil Gandhi is likely to take over as chairman of Everonn, reports CNBC-TV18 quoting sources.
SKIL Infrastructure plans to raise about Rs 1,800 crore – Rs 2,200 crore through a private placement and an IPO.