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BUSINESS

Sundaram-Clayton inaugurates new foundry in Tamil Nadu

Sundaram-Clayton (SCL) has inaugurated a new foundry at Oragadam, near Chennai, in Tamil Nadu. The Oragadam plant has been set up with an investment of over Rs 150 crore. This major capacity expansion aims to meet the rapidly growing demand for its products from the automotive industry and will primarily ... Read More »

Equitas holdings’ arm introduces Selfe Login to Mobile Banking App

Equitas holdings’ subsidiary — Equitas Small Finance Bank (SFB) has introduced facial recognition-based authentication in its mobile banking app. Equitas is the first SFB to introduce facial recognition for customers to login to their mobile banking app. This eliminates the need to remember complicated passwords or MPIN. The Bank has ... Read More »

OnMobile Global inks agreement to acquire Appland AB

OnMobile Global has signed a definitive agreement to acquire Appland AB, one of the world’s most popular games and kids App Clubs subscription services. This acquisition reflects the increasing importance of OnMobile’s strategy to become a leader in the fast-growing mobile games market and expands its games footprint to all ... Read More »

M&M inks strategic partnership with Castrol India

Mahindra & Mahindra (M&M) has signed new strategic partnership agreement with Castrol India. Under this agreement, Mahindra will endorse a range of Castrol products which include aftermarket engine oils and transmission fluids for Mahindra tractors under the brand, ‘Mileage Ka Master’ (MKM). M&M is the flagship company of the Mahindra ... Read More »

TVS Motor introduces new version of scooter Wego

TVS Motor Company has introduced a new version of its scooter Wego priced at Rs 53,027 (ex-showroom Delhi). The new version comes with new features including a 20-litre utility box, sporty wheel-rim stickers, pass-by switch and a maintenance free battery. Among other features, the 110-cc scooter comes with full metal ... Read More »

Future Enterprises raises Rs 300 crore on private placement basis

Future Enterprises has raised Rs 300 crore through allotment of 1,200, 10.15% Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) of Rs 10 lakh each (NCD Series XXIV-A) and 1,800, 10.15% Secured, Rated, Redeemable, Non-Convertible Debentures of Rs 10 lakh each (NCD Series XXIV-B) on private placement basis. The Committee of Directors ... Read More »

M&M launches upgraded Bolero Pik-up at Rs 6.7 lakh

Mahindra & Mahindra (M&M) has launched an upgraded version of its Bolero Pik-up with price starting at Rs 6.7 lakh (ex-showroom Delhi). The new version of the commercial vehicle comes with an extra long cargo deck with a payload capacity of 1,700 kg, new interiors and better seating comfort. Further, ... Read More »

Cerebra initiates Clean Up week Campaign with MAIT, MeitY and MoEFCC

Cerebra Integrated Technologies has invited around 6,200 Companies over mail to join in the Clean Up week Campaign initiated along with Manufacturers Association of Information and Technology (MAIT), the Ministry of Electronics and Information Technology (MeitY) and the Ministry of Environment, Forest & Climate Change (MoEFCC) during October 13 to ... Read More »

IOC gets nod for three investment proposals

Indian Oil Corporation (IOC) has received approval for investment proposals. The first investment proposal is for City Gas Distribution projects in 7 Geographical Areas won by IndianOil in 9th Round CGD Bidding. The estimated total capital investment is of Rs 5463 crore on implementation of the CGD projects. The investment ... Read More »

NTPC wins 160 MW Solar capacities in Uttar Pradesh

NTPC has participated for 160 MW Solar capacities in Uttar Pradesh and has won the entire capacity bid by it, comprising 140 MW at a levelised tariff of Rs 3.17/unit and 20 MW at a levelised tariff of Rs 3.21/unit, applicable for 25 years. The above 160 MW of solar ... Read More »