Gurgaon, Haryana, India (NewsVoir) OMC Power is delighted to announce a long-term relationship agreement with the Indian Renewable Energy Dev Agency Ltd. (IREDA) towards building a Rural renewable energy ecosystem. In a welcome move by the IREDA, OMC will be getting economic support for setting up Renewable energy plants to provide sustainable energy in the [...]
Adani Airport Holdings Ltd (AAHL) on Monday said it has raised USD 250 million through a 3-year ECB facility from a consortium of Standard Chartered Bank (SCB) and Barclays Bank PLC. The facility has an option to raise additional USD 200 million. The freshly raised capital will be used for capital expenditure and development of [...]
New Delhi, May 8 (PTI) The Union home ministry has granted security clearance to Jet Airways that is planning to relaunch commercial flight operations in the next few months, according to an official document. The Jalan-Kalrock Consortium is currently the promoter of Jet Airways. The airline in its old avatar was owned by Naresh Goyal [...]
New Delhi, May 8 (PTI) State-owned SJVN Ltd, which is mulling Rs 1.8 lakh crore investment in next decade, has bagged the 'Most Efficient & Profitable Miniratna of the Year' award. Dalal Street Investment Journal (DSIJ) has conferred the award to SJVN for playing a crucial role in economic growth of the nation, a statement [...]
New Delhi, May 8 (PTI) Pushp Kumar Joshi on Sunday took over as the new chairman and managing director of India's third largest oil refining and fuel marketing company Hindustan Petroleum Corporation Ltd (HPCL). "Prior to this Dr Joshi was Director-HR of the Corporation from August 01, 2012," the company said in a statement. Joshi, [...]
New Delhi, May 8 (PTI) The government is likely to invite financial bids for Shipping Corporation of India by September, after the process of demerger of non-core assets is completed, an official said. As part of the strategic-sale process, the government is hiving off Shipping House and the training institute and some other non-core assets [...]
New Delhi, May 8 (PTI) Serum Institute of India (SII) CEO Adar Poonawalla on Sunday wooed Elon Musk to invest in India to manufacture Tesla electric cars, saying it will be the best investment he would have ever made. Musk, who has made a successful USD 44 billion acquisition bid for Twitter, had in the [...]
Kolkata, May 7 (PTI) Tata Steel Ltd will look to grow organically, and the steel giant is under “no pressure” to look at fresh acquisitions during this decade, Chief Executive Officer and Managing Director T V Narendran said. Narendran said that the Jamshedpur-based behemoth will fuel its growth ambitions to more than double its output, [...]
Bengaluru, May 7 (PTI) In an effort to allot land in quick time to industrialists who come forward to set up industries, the Karnataka government will acquire over 50,000 acres of land across the state, Large and Medium Industries Minister Dr Murugesh Nirani announced on Saturday after inaugurating the India Manufacturing Show 2022: Curtain Raiser [...]
New Delhi, May 7 (PTI) Food brand aggregator Big Bang Food Tech (BBFT) on Saturday said it has acquired 'Puran Singh Ka Mashoor Vishal Dhaba' for an undisclosed sum. The company plans to open 100 Puran Singh outlets by the end of March next year. The outlets would be in two formats of take away [...]
