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Magenta Power, Exicom set up first solar EV charging station

Press Trust of India  |  Mumbai 

solutions provider Power today said it has, along with Exicom, installed its first solar for electric vehicles in in

The grid-connected will be powered by solar and will cater to four-wheelers, the company said in a statement issued here.

"This is our first solar based EV charging station, which is also India's first such station," Power said.

He further said has aggressive plans in EV space and aims to set up 100 charging stations at various locations in Mumbai and is in discussions with various stakeholders to this end. ************ IHG launches new upscale brand, voco *

IHG (InterContinental Group) today announced the launch of voco, a new upscale brand, under which the global group is expecting to open over 200 over the next 10 years.

The roll-out of voco will begin in IHG's Europe, Middle East, and (EMEAA) region, with plans to take it to the and Greater China over time, a release here said.

IHG expects that voco will focus on conversion opportunities and will strengthen IHG's offer in the USD 40 billion upscale segment, which is expected to grow by a further USD 20 billion by 2025. ************ IDBI Federal Life launches 'Dream Builder Plan' *

today announced the launch of its 'Dream Builder Plan', a non-linked, non-participating plan.

The policy will ensure guaranteed annual payouts, which are a defined percentage of the Maturity Sum Assured and will be paid out in the last three years of the policy, a release said here.

"We have designed a comprehensive

the 'Dream Builder Plan', the guaranteed cash flow from the plan can meet fixed expenses like child's education, marriage, or for that matter a family vacation," IDBI Federal Life CMO and head products and strategy, Karthik Raman said. ************ covered to 4.15 cr underprivileged people in last 4 yrs *

(DPLI) today said it has provided to 4.15 crore people through its partnerships with 77 microfinance partners, including NBFC-MFIs, small among others.

During FY17-18, has paid claims worth Rs 108 crore and has covered 1.93 crore lives, a release said here.

"Our customers who take income generating loans from the MFIs are highly vulnerable to financial shocks and life insurance is a must to support them in times of crises.

Notably, we have settled claims of 46,000 customers under the MFI segment during FY17-18," managing director and said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, June 13 2018. 18:30 IST