Mumbai, Feb 7 (PTI) Commercial vehicle maker Ashok Leyland on Monday said it will supply 200 trucks to the Bangladesh government as part of a USD 2-billion line of credit announced by Prime Minister Narendra Modi.As part of the order, 135 built trucks have already been delivered to Bangladesh, Ashok Leyland said in a statement.The [...]
New Delhi, Feb 7 (PTI) KKR-backed Virescent Renewable Energy Trust ((VRET) has raised Rs 650 crore through domestic bond issue. "Virescent Renewable Energy Trust (VRET) raised Rs 650 crore through a domestic bond issuance across 7.33-year (Rs 150 crore) and 10-year (Rs 500 crore) tranches," a VRET statement said. According to the statement, this transaction [...]
Four companies, including Reliance Industries, competing for Sintex Industries have revised their bids that will now be placed before the Committee of Creditors (CoC) of the debt-ridden textiles maker for approval. Mukesh Ambani-led Reliance Industries Ltd is jointly bidding with Assets Care & Reconstruction Enterprise for Sintex Industries and according to some media reports, the [...]
Jaipur, Feb 6 (PTI) The Rajasthan government will be signing MOUs with major players in the renewable energy sector, capturing investment of Rs 3.05 lakh crore under Invest Rajasthan Campaign. The companies that will be signing MOUs or letters of intent are five PSUs, including NTPC, NHPC, SJVN Limited, THDC India Ltd., SECI and private players [...]
New Delhi, Feb 6 (PTI) Ports-to-energy conglomerate Adani Group has incorporated a new subsidiary to set up a data centre in Mumbai, one of the half a dozen cities that the billionaire Gautam Adani's group has identified to set up data centres initially. AdaniConnex Pvt Ltd, a 50:50 joint venture of Adani Enterprises and EdgeConnex [...]
New Delhi, Feb 6 (PTI) More than 75 years ago, an opinion poll among Tata employees to choose from four names resulted in the country's first airline company being named as 'Air India'. Little over 10 days after formally taking control of Air India, Tata Group on Sunday shared nuggets of information about the history [...]
Guwahati, Feb 5 (PTI) The hurdle in the acquisition of over 198 acres of tea garden land for expanding the capacity of Numaligarh Refinery Ltd, Northeast's largest PSU refiner, was cleared on Saturday in a meeting of all stakeholders with Assam Chief Minister Himanta Biswa Sarma, officials said. Sarma held a meeting with the representatives [...]
A day after Ashneer Grover, the embattled co-founder of BharatPe sought removal of CEO Suhail Sameer from the Board, the fintech startup's other founder Shashvat Nakrani has thrown his weight behind the chief executive, saying the official continues to enjoy his confidence. In a move that is expected to complicate Grover's pursuit to oust Sameer [...]
Real estate firm Godrej Properties has decided to cancel its plans to invest Rs 700 crore in DB Realty to acquire 10 per cent stake and set up a joint platform amid concerns raised by minority shareholders and other stakeholders. On Thursday, Godrej Properties had announced that it would invest Rs 400 crore to acquire [...]
New Delhi, Feb 4 (PTI) Drug major Cipla on Friday said it has signed a pact to acquire 32.49 per cent stake in AMP Energy Green Eleven to set up a captive solar power project in Maharashtra.The company has entered into a shareholder's agreement along with the power purchase agreement to acquire up to 32.49 [...]
