Capital markets regulator Sebi on Wednesday unveiled a new logo on the occasion of its 35th foundation day. The logo was unveiled in the presence of former Chairmen, former and present Whole Time Members of the regulator, Sebi said in a statement. The watchdog continues to believe in and follow its rich tradition of consultation [...]
Auto parts supplier Modern Automotives on Wednesday said it has bagged a supply contract for 2.5 million units of differential pinion shafts for electric powertrain worth Rs 150 crore from German premier carmaker BMW. The order, which is to be completed by 2034, would give a huge push to the company's ambition of becoming part [...]
State-owned Solar Energy Corporation of India Ltd (SECI) has got the status of Miniratna Category-I Central Public Sector Enterprise (CPSE). A communication to this effect has been issued by the Ministry of New and Renewable Energy, a ministry statement said on Wednesday. The SECI has been accorded the status of Miniratna Category-I Central Public Sector [...]
US-based Honeywell has set up a sustainability centre of excellence in Madurai which would serve as a hub for support in engineering, innovation and collaboration on sustainability initiatives, the company said on Wednesday. The Centre would accelerate Honeywell's commitment to innovate products and services that help stakeholders reduce emissions as well as achieve its own [...]
Decacorn fintech firm PhonePe has received an additional USD 100 million from General Atlantic during its ongoing fundraise round of USD 1 billion at a pre-money valuation of USD 12 billion, the company said on Wednesday. With this fresh funding, the Walmart group firm has raised USD 750 million till date. "PhonePe confirms a USD [...]
Serum Institute of India (SII) CEO Adar Poonawalla on Wednesday said it has restarted manufacturing of COVID-19 vaccine Covishield amid rising numbers of cases of the virus infection. He said the company already has six million booster doses of Covovax vaccine available and adults must take the booster shot. Reacting to reports of COVID-19 vaccines [...]
Canara Bank and NPCI Bharat BillPay Ltd (NBBL) have announced the launch of cross-border inward bill payment services for Indians based in Oman. NRIs can now leverage the robust platform offered by the Bharat Bill Payment System (BBPS) to make bill payments on behalf of their families through the Musandam Exchange, a statement said on [...]
HDFC Bank on Wednesday announced that it has signed a "Master Inter Bank Credit Agreement" with Export Import Bank of Korea for a USD 300 million line of credit. The pact was signed by the two entities at GIFT City in Gujarat's capital Gandhinagar on Wednesday, said a release by the HDFC Bank. This agreement [...]
S&P Global Ratings on Wednesday said it is expecting a significant fall in rates of metallurgical coal and Indian steel makers are to benefit from the price correction. "We expect lower seaborne met coal prices will help Indian steel mills, as they import 70 per cent of their total requirement," S&P Global Ratings credit analyst [...]
Suzlon Group on Wednesday said it has bagged a project for developing a 50.4 MW wind power project for Sembcorp's renewables subsidiary Green Infra Wind Energy Ltd. As part of the order, Suzlon will install 24 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 2.1 MW each, [...]
