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Rays Power Experts bags contract for 10MW rooftop solar system

Press Trust of India  |  New Delhi 

Rays Power Experts has bagged a contract from Solar Energy Corporation of India (SECI) for setting up 10 MW of rooftop solar systems.

"The company signed a contract with SECI for 10 MW of Rooftop Solar PV system under 50 MW Rooftop Grid Connected scheme of CPWD in the states of India. It is a 25 year long tariff agreement on RESCO (Renewable energy service company) model," Rays Power Experts said in a statement.

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NSE gets its 12th SME listing


* Leading stock exchange NSE's platform for small and medium enterprises today got its 12th company with the listing of IT infrastructure firm Fourth Dimension Solutions Ltd (FDSL).

Shares of FDSL opened at Rs 31.80 and closed at Rs 36 on the National Stock Exchange (NSE).

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Bank of India gets best performance award under Mudra Yojana * State-run Bank of India has received award for the best performance under the Mudra loan from Coal and Power Minister Piyush Goyal.

"Bank of India received the MSME Banking Excellence Awards 2015 for Best performance in Micro Units Development and Refinance Agency (MUDRA) loan under large bank category from Minister Piyush Goyal", the bank said in a statement.

The award is given by Chamber of Indian Micro Small and Medium Enterprises (CIMSME).

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IICB incubation hub draws interest from global companies * The proposed incubation hub on life sciences by CSIR-affiliated Indian Institute of Chemical Biology (IICB) in the city has drawn interest from both domestic and international companies.

"We have received interest from companies from both domestic and overseas for space at the incubation hub. We cannot disclose the details till it is finalised. Industry will help in collaborative research and translating our knowledge into public use products," IICB senior principal scientist and head business development G Suresh Kumar said.

Siemens bags order worth Rs 112 crore

* Siemens Ltd today said that it has bagged Rs 112 crore order from power transmission utility Rajasthan Rajya Vidyut Prasaran Nigam Ltd.

"Siemens Ltd, announced that it has won a crucial order approximately worth Rs 112 crore from Rajasthan Rajya Vidyut Prasaran Nigam Limited, a State Power Transmission Utility owned by Government of Rajasthan and headquartered in Jaipur," the company said in a statement.

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Yes Bank, Zaggle tie up for prepaid instrument on MasterCard * Yes Bank today said it has tied up with gifting card firm Zaggle to offer prepaid instrument on the MasterCard platform for corporate customers across India.

"Yes Bank announced collaboration with Zaggle for issuance of its prepaid instrument on the MasterCard Platform for corporate consumers across India," the bank said in a statement.

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SLCM inks pact with Myanmar's Global Treasure Bank * SLCM Group (Sohan Lal Commodity Management) today said its wholly-owned subsidiary SLCM has signed an agreement with Myanmar's Global Treasure Bank for collateral financing.

The partnership is aligned with SLCM's strategy to facilitate trade by giving collateral financing options to small and medium sized traders, processors, farmers, importers, exporters among others, the company said in a statement.

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Associated Alcohols to issue bonus share in 1:1 * Associated Alcohols & Breweries Ltd, which owns liquor brands as Royal House, James James Bond, Bombay Special today said that it would issue bonus shares to its shareholders in 1:1 ratio.

The board of the company in a meeting held today "decided to issue bonus shares in the ratio of one equity share for every one equity share held (1:1) to all equity shareholders of Rs 10/- each fully paid up," the company said in a BSE filing.

HCL partners Symantec for cloud security, forensics

* HCL Technologies (HCL) and Symantec today announced their plan to expand their current partnership to help enterprises in areas of cloud security, cyber threats and forensic solutions.

"As 21st century enterprises adopt digitisation in today's hyper-competitive world, a need for new solutions has emerged in order to secure businesses in the digital world. We are seeing movement of critical workloads to cloud and clients expect enterprise grade security aligned with it," HCL Technologies SVP and Chief Technologist (ITO) Kalyan Kumar said.

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Fashion app Styledotme gets funding from Indian Angel Network * Delhi-based startup Styledotme has raised undisclosed funding from Indian Angel Network.

The investment, made under the 'Small Ticket Funding programme' announced by IAN last year, was led by Ajay Gupta.

He will also mentor the company.

The investment will be used to build the company's technical team, adding new features to make the app more intuitive and marketing.

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Kraftly ropes in ex-Amazon executive Akshay Ghulati as CBO * Kraftly, a mobile marketplace, has appointed Akshay Ghulati as its Chief Business Officer.

Previously, Ghulati served as the Head of Trade-In at Amazon, UK. He has also worked as a management consultant with The Parthenon Group and AT Kearney.

"With his expertise in accelerating business growth and managing strategic products, he will help us in scaling the Kraftly business and identifying new areas for expansion," Kraftly co-founder and CEO Saahil Goel said.

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Nasscom sets up data security task force for BPM industry * IT industry body Nasscom today said it has set up a Consumer Interest Protection Task Force to detail an action plan on data security for the Indian BPM industry.

Formed under BPM Council Chairman, Keshav R Murugesh, the task force aims to protect consumer interests globally from fraudulent acts perpetrated by unscrupulous elements, including those using the internet as a medium.

Data Security Council of India (DSCI) will work in close partnership with the BPM Council for the task force deliberations and recommendations, Nasscom said in a statement.

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JSW steel recommissions two blast furnaces * JSW Steel Limited has recommissioned two of its blast furnaces that were shut down in August and November, 2015 at Vijayanagar and Salem Works for relining and modification.

"JSW Steel Limited is happy to place on record that two of its blast furnaces, which were shut down in Augustand November 2015 at Vijayanagar and Salem Works, respectively for relining and modification have since been re-commissioned," the company said in a statement today.

ICRA upgrades RCom rating

* Telecom major Reliance Communications today said ratings agency ICRA has upgraded its outlook to 'stable' from negative on the Long Term rating 'BBB+' of the company.

It has also reaffirmed rating of A2+ for Short-Term Fund Based/Non Fund Based Limits and Commercial Papers of the company, it said in a BSE filing.

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Focussed on growing govt, education segments in India: Adobe * Software major Adobe today said it is focussing on growing its business from verticals like education and government in India, which is a strategic market for the US-based firm.

"India is a very strategic market for us and has been growing at a strong pace... There is a lot of stress being given by the government on Digital India and we see a lot of scope in segments like education and government," Adobe MD (Designate) South Asia Kulmeet Bawa said.

He added that the company is seeing good traction from sectors like financial services, media, eCommerce and travel and hospitality.

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Infibeam invests Rs 60 cr in payment gateway CCAvenue * Infibeam, which raised Rs 450 crore in an initial public offering earlier this year, said it has invested Rs 60 crore in Avenues India.

"We have been informed by NSI Infinium Global that the definitive agreement has been executed for investment of Rs 600 million with Avenues (CC Avenue) on June 22, 2016," it said in a filing.

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GIPCL bags e-Reverse auction bid for 40 MW solar power project * Gujarat Industries Power Co Ltd (GIPCL) today announced that it has emerged as successful bidder for 40 MW solar Power Project in Gujarat Solar Park, under National Solar Mission Phase-II.

"GIPCL has emerged as successful Bidder in the e-Reverse auction for selection of bidder for 40 MW Solar Power Project in Gujarat Solar Park, Village Charanka under National Solar Mission Phase-II, Batch IV," the company said in a statement.

Shree Cement completes expansion of grinding unit in Bihar

* Shree Cement has completed the expansion of grinding unit in Aurangabad district of Bihar.

"Shree Cement Ltd has completed the expansion of grinding unit at Aurangabad (Bihar) from 2 Million Tons Per Annum (MTPA) to 3.60 MTPA on June 22, 2016," it said in a regulatory filing today.

The cement maker, last month, had announced that it will set up a clinker plant with 2.8 MTPA capacity at its integrated cement plant in Raipur, Chhattisgarh.

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Mangalam Seeds to issue 11.88 lakh shares to raise Rs 8.55 cr * Mangalam Seeds today said the company will issue 11.88 lakh shares to promoters and non-promoters to raise more than Rs 8.55 crore.

"Allotment of 11,88,000 equity shares at the face value of Rs 10 each at an issue price of Rs 72 each (including premium of Rs 62 each) on preferential basis to promoters and non-promoters pursuant to the approval of members of the company in general meeting and in-principle approval from the stock exchange," Mangalam Seeds said in a regulatory filing.

As on March 31, promoters had 73.50 per cent stake in the company while remaining was with the public.

The Ahmedabad based seed company has seed production and processing facility in Gujarat, Rajasthan and Andhra Pradesh. The company deals in seeds of cotton, ground nut, pulses, and vegetables among other crops.

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CIL signs agreement with two companies

* Coal India today entered a tripartite agreement with Alankit Assignments Ltd and Karvy Computershare Pvt Ltd.

"Tripartite agreement was entered into among Coal India Limited, Alankit Assignments Limited- New RTA & Karvy Computershare Pvt. Limited- Previous RTA on June 16, 2016," Coal India said in a BSE filing.

Alankit Assignments Ltd had taken over as the Regsitrar and Share Transfer Agents of Coal India Ltd w.E.F May 1, 2016, the filing said.

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First Published: Fri, January 22 2016. 18:28 IST
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