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Gentari signs pact with Tata Motors for 5,000 units of e-commercial vehicles

Gentari signs pact with Tata Motors for 5,000 units of e-commercial vehicles

Clean energy solutions provider Gentari on Monday said it has signed an agreement with Tata Motors for the delivery of 5,000 units of e-commercial vehicles. The memorandum of understanding (MoU) through its affiliate entity is for three years, Gentari said in a statement. "Gentari, through its affiliated entity Amplus Power Supply Private Limited, signed an [...]
Adani acquires 49% in Quintillion Business Media for Rs 48 crore

Adani acquires 49% in Quintillion Business Media for Rs 48 crore

Billionaire Gautam Adani's AMG Media Networks has acquired about a 49 per cent stake in Raghav Bahl-curated digital business news platform Quintillion Business Media Pvt Ltd for about Rs 48 crore. In a stock exchange filing, Adani Enterprises Ltd said its subsidiary AMG Media Networks Ltd has completed the acquisition which was originally announced in [...]
Govt gave Rs 8,800 cr capital to SBI without the lender asking for it in FY18: CAG report

Govt gave Rs 8,800 cr capital to SBI without the lender asking for it in FY18: CAG report

The Department of Financial Services (DFS) had given Rs 8,800 crore to State Bank of India as part of recapitalisation exercise without the country's biggest lender asking for such funds in FY18, a CAG report presented in Parliament on Monday said. The department under the finance ministry did not conduct assessment of the capital requirement [...]
Competition Commission clears JM Baxi Ports-HLAG deal

Competition Commission clears JM Baxi Ports-HLAG deal

Competition Commission has cleared the proposed acquisition of certain shareholding of JM Baxi Ports and Logistics Ltd by Germany's HLAG. The acquisition would be done by HL Terminal Holding B.V., a wholly-owned subsidiary of Hapag Lloyd Aktiengesellschaft. JM Baxi Ports is a private terminal and inland transport service provider in India. In a release on [...]
CSL initiates steel cutting for six eco freighter vessels

CSL initiates steel cutting for six eco freighter vessels

The Cochin Shipyard Limited (CSL) here on Monday started the steel cutting for six Multi-Purpose Vessels being constructed for a Germany-based group. As part of a contract with HS Schiffahrts group, the CSL is constructing eight Eco freighter 7,000 DWT Multi-Purpose Vessels. The CSL said the Ice Class Vessels with an overall length of 110m [...]