New Delhi, Jan 27 (PTI) State-run power giant NTPC's arm, NTPC Renewable Energy Ltd (NREL), has invited bids for selection of developers for inter-state transmission system (ISTS)-connected energy storage facility of 3,000 MW capacity at any location in India to meet round-the-clock requirement of renewable energy. NTPC Renewable Energy intends to avail energy storage facility [...]
New Delhi, Jan 27 (PTI) India Mortgage Guarantee Corporation (IMGC) on Thursday announced its partnership with Muthoot Homefin (India) Limited (MHIL) to offer mortgage guarantee backed home loan products to customers in the affordable housing segment.A mortgage guarantee will enable MHIL to sanction higher loan amount (LTV ratio) to the customers at lower rates of [...]
New Delhi, Jan 27 (PTI) Agritech startup Aqgromalin has raised USD 5.25 million (about Rs 39.5 crore) from investors including Sequoia Capital India's - Surge and Venture funds, Omnivore Partners India and Zephyr Peacock India, to expand operations.The Chennai-based Aqgromalin is building a full stack AgTech platform that helps farmers diversify into animal husbandry and [...]
New Delhi, Jan 27 (PTI) Money deposited with Airtel Payments Bank surged 75 per cent to Rs 1,000 crore in 2021 as compared to the previous year, a top company official said. The payments bank had recorded around Rs 570 crore worth of deposits in 2020. Airtel Payments Bank MD and CEO Anubrata Biswas told [...]
State-owned Canara Bank on Thursday reported over two-fold jump in its net profit on a standalone basis to Rs 1,502 crore for the December 2021 quarter on the back of lower provisioning. The bank had posted a net profit of Rs 696 crore in the year-ago quarter. Sequentially, the net profit was higher by 13 [...]
Debt-ridden Future Group will exit from the insurance business in a time-bound manner and plans to sell its 25 per cent equity in Future Generali India Insurance Company Ltd (FGIICL) to its JV partner Generali for a cash consideration of Rs 1,252.96 crore, as part of its asset monetisation plans to pare debts. FGIICL is [...]
New Delhi, Jan 27 (PTI) Jaguar Land Rover (JLR) on Thursday said it has commenced bookings for new Range Rover SV in India with a choice of design themes, details and materials.The model comes with a new 4.4-litre twin-turbo petrol engine, which delivers a power of 390 kW and torque of 750 Nm and a [...]
Aizawl, Jan 27 (PTI) A person was arrested in Mizoram's Siaha district after unaccounted Myanmar currency (kyat) notes valued at Rs 4.2 lakh were recovered from his possession, according to a statement issued by Assam Rifles. Acting on a tip-off, troopers of the paramilitary force seized one crore currency notes of the neighbouring country from [...]
Mumbai, Jan 27 (PTI) Advanced EV battery technology startup Log9 Materials on Thursday announced the launch of a battery replacement and retro-fitment model in partnership with garage network platform SpareIt.The collaboration with SpareIt is aimed at addressing various battery-related issues, such as prolonged downtimes and a lot of dead inventory, Log9 Materials said in a [...]
New Delhi, Jan 27 (PTI) Mahindra Electric Mobility on Thursday said it has launched its new electric 3-wheeler e-Alfa Cargo, priced at Rs 1.44 lakh (ex-showroom Delhi).The launch of the e-Alfa Cargo marks the company's entry into the rapidly growing e-cart segment."The last-mile delivery segment is seeing excellent adoption of electric 3-wheelers due to significant [...]
