IEX becomes India’s first carbon-neutral power exchange

Energy trading platform Indian Energy Exchange (IEX) became the country’s first carbon-neutral power exchange, using market based tradable instruments to offset its carbon emissions. To reduce its carbon footprint, the Indian Energy Exchange (IEX) said in a statement that it voluntarily cancelled certified emissions reductions (CERs) from clean projects registered under the United Nations Framework

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Bank Of Baroda board approves the divestment of its shareholding in Nainital Bank

Bank of Baroda announced that its board of directors has approved the divestment of its majority stake in Nainital Bank. The board of directors of the Mumbai-based bank has authorised the publication of an advertisement inviting expressions of interest (EOI) via a preliminary information memorandum (PIM) from interested parties (IPs). The government-backed lender currently owns

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Piramal Enterprises arm to acquire PRL Agastya

Piramal Enterprises has announced that its wholly owned subsidiary Piramal Capital & Housing Finance Limited has acquired a 100% stake in PRL Agastya Private Limited for a cash consideration of Rs 90 crore. PRL Agastya is in the construction and development of real estate projects business. PRL Agastya currently owns a developed commercial building with

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JSW Steel acquires land in Maharashtra for recycling plant

JSW Steel intends to invest 175 crore in a metal recycling plant at Pen in Maharashtra’s Raigad district, in collaboration with New Zealand’s metal recycler National Steel Holdings. JSW Steel, the Group’s flagship, has purchased 30.5 acres of land in Pen, about 4 kilometres from its existing 10 million tonne per annum (mtpa) integrated steel

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Vedanta sign agreements to develop semiconductor manufacturing

Vedanta Group announced that it has secured agreements with 30 Japanese technology companies to build an Indian semiconductor and glass display manufacturing ecosystem. The agreements were signed last week at the Vedanta-Avanstrate Business Partners Summit 2022 in Tokyo, Japan. More than 200 delegates from over 100 worldwide corporations attended the event. The company is devoted to

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Tata Motors will sell a portion of its stake in Tata Tech through an IPO

The board of directors of Tata Motors has approved a partial divestment of the firm in Tata Technologies, its fully owned subsidiary, via an initial public offering (IPO). The subsidiary provides product engineering as well as digital services. As required by the SEBI LODR Regulations and other applicable legislation, the company will make additional notifications

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KEC International bags orders of Rs 1,349 crores

The company received new orders totaling Rs 1,349 crore across its various businesses. With these orders, KEC’s year-to-date order intake has now surpassed Rs 13,000 crore, representing a 20 percent increase over last year. KEC’s transmission and distribution (T&D) division has received orders for T&D projects in India, Saarc, the Middle East, and the United

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Lupin to enter cardio-vascular therapeutics space

Lupin, a pharmaceutical company, plans to enter the digital healthcare space in India by launching cardio-vascular therapeutics in 10 cities by February. Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad, Ahmedabad, Jaipur, Pune, and Vijayawada are among the cities. The move comes a year and a half after the company announced its intention to enter the digital

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PSP Projects bags orders worth Rs 115.49 crore

TPSP Projects rose 4.09% to Rs 693 after the company announced that it had received work orders worth Rs 115.49 crore in the institutional and industrial sectors. With the above orders, the company’s total order inflow for the fiscal year 2022-23 to date amounts to Rs 1,948.58 crore, according to the press release. Meanwhile, the

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