A green steel project in Saudi Arabia will receive iron ore from the world's largest mining company, Vale International, the Indian firm said in a statement on Thursday. Essar had previously inked a pact with Bahrain Steel for the supply of DR-grade pellets for the project. The company said in a statement that with the [...]
Due to the favourable conditions for increased sugar output and the government's push for ethanol, Balrampur Chini Mills Ltd is optimistic about maintaining its strong double-digit growth, a senior company official said. The government's stress on the renewable fuel is helping the company to diversify significantly into energy, the official said. Avantika Saraogi said the [...]
The largest mutual fund in the nation, SBI MF, has agreed to invest Rs 410 crore in Nazara Technologies by subscribing to its preferential allotment of stock through private placement, the company announced on Thursday. The gaming and sports media platform said the shares carry a face value of Rs 4. In a preferential issuance [...]
Bioseed, the hybrid seed business of DCM Shriram Ltd, on Thursday announced a collaboration with grain commerce platform Arya.ag to harness latest technology to get data-driven insights into seed performance across diverse agro climatic zones. Arya.ag's innovative satellite surveillance and Artificial Intelligence product 'Prakshep' will be deployed across Bioseed's network of subscribed farmers. Bioseed said [...]
State-owned REC Ltd Chairman and Managing Director Vivek Kumar Dewangan on Wednesday stressed on the commitment to increase its loan book of green projects by ten times to more than Rs 3 lakh crore by 2030. Dewangan chaired the annual general meeting on Wednesday, which was attended by all directors on the board of the [...]
Fair trade regulator CCI has issued draft rules pertaining to the value of transactions for combinations under the new competition law. Earlier this year, various provisions of the Competition Act were amended. As per the draft norms issued by the Competition Commission of India (CCI), the value of transaction shall include "every valuable consideration, whether [...]
Setting up a transnational grid interconnection system will make round-the-clock (RTC) clean energy supply cheaper and reduce the dependence on storage, Union Minister of PowerR K Singh said on Wednesday at a conference on 'Transnational Grid Interconnections for One Sun, One World, One Grid (OSOWOG)'. The initiative aims at connecting energy supply across borders. Special [...]
Reliance Industries on Wednesday said it has received Rs 8,278 crore from Qatar Investment Authority (QIA) for around 1% stake in Reliance Retail Ventures Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led group. As per the deal, it has allotted 6.86 crore equity shares to QIA of RRVL, which is the leading retailer in [...]
Airtel Payments Bank, identity technology company IDEMIA and Nokia brand phone maker HMD Global have joined hands to bring Central Bank Digital Currency on feature phones in India, a joint statement said on Wednesday. All three organizations would be working together to introduce an advanced offline payment system over the next few months that would [...]
In a joint venture, Reliance Retail has acquired a 51% share in the Ed-a-Mamma children's and maternity clothes line, which is promoted by Bollywood actress Alia Bhatt. Reliance Retail Ventures Ltd (RRVL), the holding company for Reliance Industries Ltd (RIL), the business empire of billionaire Mukesh Ambani, stated in a statement that it seeks to [...]
