State-owned non-banking finance firm REC Ltd has raised USD 750 million through issuance of green bonds. The expected settlement date for these bonds is April 11, 2023. "REC Ltd under its USD 7 billion Global Medium Term Note Programme, has priced and issued USD 750,000,000; 5.625 per cent green bonds on April 3," according to [...]
Private sector Karur Vysya Bank has inked a pact with SBI Life Insurance to offer their insurance products to customers at its branches, the bank said on Tuesday. The Tamil Nadu-based bank offers a range of financial services through similar tie-ups with leading service providers. "In an attempt to offer a wider choice to customers [...]
Leading bakery foods company Britannia Industries on Tuesday announced an interim dividend of Rs 72 per equity share for FY 2022-23. The board of the company in its meeting held on Tuesday declared an interim dividend of 7200% i.e, Rs 72 per equity share of the face value of Re 1 each for 2022‐23, Britannia [...]
State-owned MOIL has registered a 6 per cent rise in its manganese ore production to 13.02 lakh tonnes (LT) in 2022-23. The company also utilised 14 per cent higher capital expenditure in the financial year that ended March 31 over 2021-22, the Ministry of Steel said in a statement. MOIL Ltd recorded its second-highest production [...]
Electronics company Samsung India has collaborated with Ministry of Electronics and IT, IIT Delhi and other entities for rolling out a national innovation competition "Solve for Tomorrow, the company said on Tuesday. The competition is open for youth in the age group of 16-22 years who can participate in the programme by submitting their innovative [...]
BALCO has entered into an agreement with Serentica Renewables India Private Ltd (SRIPL) to set up a special purpose vehicle to source hybrid renewable power for its aluminium operations in Chhattisgarh. Bharat Aluminium Company Ltd (BALCO) is a subsidiary of mining major Vedanta Ltd. "BALCO has entered into a Power Delivery Agreement (PDA) to source [...]
Barely days after signing a USD 3 billion financing in India's most widely syndicated loan, Reliance Industries Ltd and its unit Reliance Jio Infocomm have raised USD 2 billion add-on foreign currency facility at most competitive rates, sources said. The USD 3 billion financing closed on March 31 and the add on USD 2 billion [...]
Grasim Industries, the flagship company of the Aditya Birla Group, on Tuesday announced entering into three term loan agreements totalling Rs 5,000 crore to finance capital expenditure and repayment of existing loans. It has executed agreements for a secured loan of Rs 4,850 crore and two unsecured loans of Rs 70 crore and Rs 80 [...]
Microblogging platform Twitter has so far not revoked the legacy verified blue tick from most of the accounts that have not paid for subscribing 'Twitter Blue' service. However, some of the organisations in India shared that they have paid for the blue service to maintain the brand reputation on the microblogging platform. Twitter also replaced [...]
Welspun Enterprises Ltd (WEL) has appointed Kapil Maheshwari as CEO and executive director of its wholly-owned subsidiary Welspun New Energy Limited. Before joining Welspun, Maheshwari was part of Reliance Industries, where he was leading Renewable Energy and Green Hydrogen Ecosystem Development, a statement said. He comes with over 20 years of experience in solar PV, [...]
