Page 1049 - Company News
SJVN's Naitwar Mori hydro project's first unit starts commercial operations
It is a run of the river project located on river Tons, a major tributary of river Yamuna in Uttarkashi district in Uttarakhand with two generating units of 30 MW each
 "SJVN's Naitwar Mori hydro project's first unit starts commercial operations")
Grundfos rolls out iTruck Drive campaign under net zero horizon mission
The iTruck Drive initiative is expected to cover an additional 25 cities covering Gujarat, Maharashtra and Karnataka by the end of January 2024
 "Grundfos rolls out iTruck Drive campaign under net zero horizon mission")
Bandhan Bank approves re-appointment of Chandra Shekhar Ghosh as MD
The current tenure of Ghosh as the MD and CEO will expire on July 9, 2024
 "Bandhan Bank approves re-appointment of Chandra Shekhar Ghosh as MD")
IRB Infra arm inks pact with NHAI for tolling project in Madhya Pradesh
The project involves paying upfront Rs 4,428 crore to NHAI for tolling and O&M of 316 km stretch of NH44 for a revenue-linked concession period of 20 years
 "IRB Infra arm inks pact with NHAI for tolling project in Madhya Pradesh")
PNB Housing Finance to raise Rs 3,500 cr via NCDs to fund business growth
The fund will be raised in tranches over the next six months, it said
 "PNB Housing Finance to raise Rs 3,500 cr via NCDs to fund business growth")
Beverage giant Coca-Cola joins ONDC, launches marketplace Coke Shop
The initial association with ONDC is being supported through SellerApp, which will help the company leverage the ONDC network with its data-driven insights, market intelligence, and strategies
 "Beverage giant Coca-Cola joins ONDC, launches marketplace Coke Shop")
MakeMyTrip to collaborate with WEP for women entrepreneurs in North-East
WEP, incubated under Niti Aayog, has transitioned into a public-private partnership as a one-stop solution for information and services relevant to women entrepreneurs
 "MakeMyTrip to collaborate with WEP for women entrepreneurs in North-East")
RBI slaps penalties totalling Rs 10.34 cr on Citibank, BoB, and IOB
The Reserve Bank on Friday imposed penalties totalling Rs 10.34 crore on Citibank, Bank of Baroda, and Indian Overseas Bank for contravention of various regulatory norms.
 "RBI slaps penalties totalling Rs 10.34 cr on Citibank, BoB, and IOB")
Zen Technologies, govt of Goa sign MoU for setting up R&D facility in state
The new facility will be established at a cost of Rs 50 crore, and is expected to create employment opportunities for 800 individuals
 "Zen Technologies, govt of Goa sign MoU for setting up R&D facility in state")
BharatPe takes fresh legal action against co-founder Ashneer Grover: Report
The case is in addition to the earlier civil suit filed by Resilient Innovations against Ashneer Grover
 "BharatPe takes fresh legal action against co-founder Ashneer Grover: Report")
AmpIn Energy Transition plans Rs 3,100 cr investment in Eastern region
In Eastern region, the firm said it already has the largest solar open access portfolio of 200 MWp, the largest utility power purchase agreement with CESC for a 250 MWp of wind solar hybrid project
 "AmpIn Energy Transition plans Rs 3,100 cr investment in Eastern region")
Christmas Comes Early: Air India Express offering 30% discount on tickets
Last month, the airline announced that in the next one year, it is aiming to double its number of pilots
 "Christmas Comes Early: Air India Express offering 30% discount on tickets")
Investors pour $40 bn into stocks in two weeks as markets surge: BofA
Global stocks have surged since the end of October as data has shown U.S. inflation is cooling faster than expected
 "Investors pour $40 bn into stocks in two weeks as markets surge: BofA")
Amazon hit by strikes, protests across Europe during Black Friday trade
More than 200 workers were striking on Friday at Amazon's warehouse in Coventry, England as part of a long-running dispute over pay
 "Amazon hit by strikes, protests across Europe during Black Friday trade")
Barclays working on $1.25 bn cost plan, could cut up to 2,000 jobs: Report
"This will be viewed as a net positive for investors, but we now need to see more detail on how long the benefits will take to appear," he said
 "Barclays working on $1.25 bn cost plan, could cut up to 2,000 jobs: Report")
Indian Oil to double Ennore LNG terminal's capacity to 10 mn metric tpy
Jain said IOC hopes to boost local sales of gas to 20 million tpy by 2030, a substantial increase from the current 6.3 million tpy
 "Indian Oil to double Ennore LNG terminal's capacity to 10 mn metric tpy")
IndusInd Bank to allow CNG bill payments through CBDC in Delhi-NCR
The users will also be allowed to scan any UPI QR using their digital Rupee app across all IGL stations in the region
 "IndusInd Bank to allow CNG bill payments through CBDC in Delhi-NCR")
Apple threat notification probe: Company's technical experts to visit India
Centre earlier announced that it has sent a notice to Apple regarding the threat notification received by several members of Parliament
 "Apple threat notification probe: Company's technical experts to visit India")
Suzuki Motor's stake in Maruti Suzuki to rise to 58.19% from 56.48%
The board of Maruti Suzuki approved the allotment of 12,322,514 equity shares to Suzuki having a face value of Rs 5 each at a price of Rs 10,420.85 per equity share
 "Suzuki Motor's stake in Maruti Suzuki to rise to 58.19% from 56.48%")
Tesla may invest $2 billion for manufacturing in India but with conditions
Tesla is also likely to commit 20% localisation in its Made in India cars in the first two years and it may increase to 40% in four years
 "Tesla may invest $2 billion for manufacturing in India but with conditions")