Dixon Technologies: Taiwanese IT hardware firm Acer has roped in domestic electronic manufacturing services firm Dixon Technologies for making its laptops in India, both companies said in a joint statement on Wednesday. The facility will have a capacity to manufacture up to 5 lakh Acer laptops annually.
ICICI Bank: India’s largest private sector lender raised Rs 3,595 crore through infrastructure bonds for the second time this financial year, in what could signal demand revival in the sector as vaccinations and slowing infections rekindle hopes.
Reliance Industries: The company’s board decided to implement a ‘Scheme of Arrangement’ to transfer the ‘Gasification’ undertaking into a wholly-owned subsidiary (WOS).
Tata Steel: The Tata Group company announced commissioning of an 8 million tonne iron ore crushing and washing plant in Odisha. The company said the plant is located at its Khondbond Iron & Manganese Mine (KIMM) near Joda in Keonjhar district. It has been set up by the company’s Ores, Mines & Quarries (OMQ) Division.
Coal India: The company is aiming at investing Rs 40,000-50,000 crore as capital expenditure in the next 4-5 years. The Rs 17,000-crore capex (capital expenditure) for the current fiscal is “on track”, CIL chairman Pramod Agrawal told investors.
Siemens: The company said its consolidated net profit dipped 2.6 per cent to Rs 321.6 crore in the September 2021 quarter, mainly due to a rise in raw material and logistics costs. Its consolidated net profit had stood at Rs 330.2 crore in the quarter ended on September 30, 2020, according to a BSE filing.
Union Bank:
of India has entered into a co-lending partnership with Capri Global Capital, under which they will disburse loans to MSMEs. Capri Global Capital Ltd (CGCL) is a non banking financial company focused on lending to MSMEs and the affordable housing finance segment.
SJVN, PTC India: State-owned power producer SJVN on Wednesday said it has signed a pact with PTC India to develop products for supplying round-the-clock renewable energy.
