In order to deploy electric buses in the twin capital cities of Jammu and Kashmir, Tata Motors has formed a strategic partnership. The partnership is a component of the government of Jammu and Kashmir’s effort to create a network of public transportation that is financially, socially, and environmentally viable for Jammu and Srinagar. As per
SJVN said that its wholly owned subsidiary, SJVN Green Energy signed a Memorandum of Understanding (MoU) with Assam Power Distribution Company for developing 1,000 MW floating solar power projects in Assam by incorporating a joint venture company. The project will produce 2,192 million units in the first year after commissioning and approximately 50,425 million units
Suzlon Energy, a renewable energy solutions provider on Tuesday said that it has secured an order to develop 48.3 MW wind power project for Adani Green Energy Ltd. Suzlon will install 23 units of their wind turbine generators (WTGs) with a hybrid lattice tubular (HLT) tower and a rated capacity of 2.1 MW each. The
Mindtree, a global technology services and digital transformation company, today announced that it has extended its relationship with premium audio and video solutions brand, EPOS as a digital engineering partner to help augment and accelerate the brand’s development of audio technologies and solutions. As part of the multiyear engagement, Mindtree will work as an integrated part of
On 17 October 2022, Zydus Lifesciences said that the US health agency has given it a preliminary green light to launch its generic versions of Roflumilast pills and Valbenazine capsules. In contrast, Roflumilast tablets are used to lower the risk of chronic obstructive pulmonary disease in severely ill patients who have chronic bronchitis and a
With effect from October 16, the government increased the windfall profit tax on the export of jet fuel and diesel by 12 cents per litre each on Saturday. The tax on crude oil produced domestically has also been raised by 3,000 rupees per tonne to 11,000 rupees. In its most recent assessment, the finance ministry
Hindalco created the country’s first all-aluminum freight train rakes, which were introduced by Union Minister for Railways Ashwini Vaishnaw. The aluminium rakes were created with the intention of modernising freight transportation and enabling significant carbon savings for Indian Railways. According to an official statement from Hindalco, the rakes are 180 tonnes lighter than existing steel
Global technology consulting and digital solutions provider Larsen & Toubro Infotech has released its Q2 FY23 results. For the quarter that ended in September 2022, the company declared a total net profit of Rs. 6,79.8 crore, up more than 23% YoY from the Rs. 551.70 Cr. reported in the same period last year. In comparison
On October 14, Bajaj Auto Limited (BAL) revealed that its standalone net profit for the three months ended September 2022 was Rs 1,530 crore, up 20% from the Rs 1,274.55 crore reported in the same period the previous year. In terms of Quarter over Quarter (QoQ), it increased by 30% from 1,173.30 crore in the
On October 14, Shree Cement Limited reported a 67 percent decline in standalone net profit for the second quarter of FY23, coming in at Rs 189 crore as opposed to Rs 578 crore the prior year. Sequentially, the profit decreased by 40% from the previous quarter’s Rs 316 crore earned. In addition to better realisations,
