Suzlon Energy, a provider of renewable energy solutions, announced on Tuesday that Sembcorp’s subsidiary Green Infra Wind Energy Ltd. has given it the go-ahead to establish a 180.6 MW wind energy project. The development of a 180.6 MW wind power project for Sembcorp’s renewables subsidiary Green Infra Wind Energy Limited was announced by Suzlon Group,
One97 Communications, a provider of digital financial services that goes by the Paytm brand, reported on Monday that the annualised run rate of loans disbursed in September increased by almost 17% to about Rs 34,000 crore. In August, the business reported a run rate of loan disbursals that was around Rs 29,000 crore annually. Paytm
Panacea Biotec, a manufacturer of vaccines, announced on Monday that UNICEF and the Pan American Health Organization (PAHO) had awarded it a long-term supply contract worth $127.30 million (roughly INR 1,040 crore) for the supply of its WHO pre-qualified fully liquid pentavalent vaccine, Easyfive-TT (DTwP-HepB-Hib). During the years 2023 through 2027, UNICEF will get a
After the company’s board approved the transfer of its title, rights, interest, and ownership of movable assets worth Rs1,73.96 crore to Adani Logistics, the stock price of Navkar Corporation increased by over 7%. The company plans to use the money for corporate expansion and the acquisition of additional trailers for a new project at the
The largest lender in the nation, SBI, has prepared six non-performing assets (NPAs) for sale to asset reconstruction businesses (ARCs) in an effort to recoup about Rs 406 crore in debt. The six NPA accounts that have been put up for sale to the ARCs are Patna Bakthiyarpur Tollway, which has an unpaid balance of
Garuda Aerospace, a company that has tried to use drones for spraying pesticides on farms, cleaning solar panels, inspecting industrial pipelines, mapping, surveying, making public announcements, and delivering packages. Mahendra Singh Dhoni, the former Indian cricket captain, launched a ‘made-in-India camera drone’ named ‘Droni’ with advanced features manufactured by Garuda Aerospace. CEO and co-founder Agnishwar
The deal will help consolidate the Adani Group’s sudden dominance in the cement sector, which started after it bought Ambuja Cements Ltd. and ACC Ltd. in May from Switzerland’s Holcim Ltd., becoming India’s second-largest cement maker virtually overnight with an installed production capacity of 67.5 million tons annually. Adani Group representatives declined to comment. Jaiprakash
Easy Trip Planners Ltd’s board has approved bonus issue of three shares for every one share held i.e., 3:1 ratio and also has given nod for the stock split in the ratio of 1:2. “This is to inform that the board at its meeting held today i.e., 10th October, 2022, has inter-alia, considered and approved
The country’s largest power generating utility NTPC and GE Gas Power has signed a Memorandum of Understanding (MoU) for feasibility to demonstrate of hydrogen (H2) co-firing blended with natural gas in GE’s 9E gas turbines installed at NTPC’s Kawas combined-cycle gas power plant in Gujarat. Under this significant collaboration, the two companies will jointly explore
Lupin has announced that it has reached an agreement with Unitaid, The Aurum Institute, the Clinton Health Access Initiative (CHAI), and other global procurement agencies to support tuberculosis prevention treatment that will be rolled out to 138 countries, including many low-and middle-income countries with a large burden of TB. Through this agreement, Lupin will introduce
