Reliance Industries:
has sold three-fourth of the gas from coal seams in Madhya Pradesh to an affiliate of the company at a price of just over $6 at current oil prices.
Future Retail: The Future Group has moved the division bench of the Delhi High Court against the order passed by the single-member bench, which has directed to stay its Rs 24,713 crore deal with Reliance Industries to sell its retail and wholesale business.
Power Grid: State-run Power Grid Corporation (PGCIL) said it has signed a share purchase agreement with Jaiprakash Power Ventures to acquire 74 per cent stake in Jaypee
for Rs 351.64 crore.
Tata Power: Competition Commission of India (CCI) said it has cleared
‘s proposed acquisition of 51 per cent stake in North Eastern Electricity Supply Company of Odisha.
Adani Green Energy: The company said it has signed definitive agreements with the Toronto-headquartered SkyPower Global to acquire 100 per cent stake in a special purpose vehicle (SPV) that owns 50 MW operating solar asset in Telangana.
TCS: Tata Consultancy Services () will hand out across-the-board salary increments for 2021-22, becoming the first IT services company to do so for the upcoming fiscal. The salary hike roll-out will benefit nearly 4.7 lakh employees of the company.
Srei Infra: Equipment finance NBFC
said its company secretary Sandeep Kumar Lakhotia has resigned. The move comes following the salary cap imposed on the company by its lenders amidst pandemic-induced stress on its business.
NTPC: The output of state-run power major NTPC’s Bongaigaon plant in Assam has crossed its installed capacity of 750 MW for the first time since the commissioning of all its units two years ago, an official statement said on Sunday.
Airtel: Telecom operator Bharti Airtel added 6.9 million active users in January, extending its market lead on this count even as Jio’s active subscribers tally declined by about 3.4 million, according to TRAI data.
IDBI Bank: Having emerged from regulatory restrictions recently,
is now looking at growing business in a calibrated way with more focus on profitability and in improving efficiency ratios, its Managing Director and CEO Rakesh Sharma said.
Voltas: Tata Group firm
is expecting a strong double-digit growth in sales of air conditioners this year on account of “buoyant summer” and hybrid working model adopted by people in the backdrop of the Covid pandemic, a top company official has said.
