JSW Energy’s board approves rejig of renewable, thermal businesses
The Board of Directors of JSW Energy Ltd has approved the reorganisation of its green (renewable) and grey (thermal) businesses. All existing and upcoming renewable energy businesses will be housed under JSW Energy Neo Ltd, a wholly-owned subsidiary of the company. This move will help JSW Energy in building and streamlining its renewable portfolio. It will also help in setting up a holding structure that is efficient for fund-raising and unlocking value for shareholders.
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ITC starts clinical trials of nasal spray for Covid-19 prevention: Report
According to a report from Economic Times, ITC Limited has initiated clinical trials for a nasal spray for Covid-19 prevention. Developed by scientists at ITC Life Sciences and Technology Centre, Bengaluru, the company plans to market the nasal spray under the Savlon brand once it gets the requisite regulatory approvals. The product has the potential to be effective and safe in preventing infection and transmission of Covid-19, along with the existing measures of hygiene recommended by health authorities.
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TCS secures deal from South32 for mining-related IT infra management
Tata Consultancy Services (TCS) has won a contract from Australia-based mining company South32 to enhance its IT infrastructure. Under the new contract, the management of critical infrastructure has been consolidated with TCS for end-to-end accountability. TCS will leverage its Machine First Delivery Model to assist South32 in reaching its strategic objective of simplifying and streamlining its IT operations.
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Bosch partners with GIZ for promoting sustainable mobility solutions in Indian cities
Bosch Ltd has partnered with Deutsche Gesellschaft fur International Zusammenarbeit (GIZ) GmbH to jointly launch a green urban mobility innovation initiative for implementing sustainable and smart mobility solutions across several Indian cities. GIZ is a German government-owned enterprise that provides support to achieve objectives in the field of international cooperation for sustainable development. The partnership aims to enhance the green urban mobility and transportation system in India.
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L&T Infotech, IBM set up Innovation & Experience Centre in Bengaluru
L&T Infotech (LTI) has opened an Innovation & Experience Centre at LTI Whitefield campus in Bengaluru that focuses on IBM technologies. The centre will assist enterprises in modernising their operations and accelerating digital transformation journeys. It will also allow customers to engage with LTI and IBM technical resources for in-depth technology briefings, solution demos, software, tool access, and solution workshops.
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Piramal Capital, API Holdings to offer health finance solutions
Piramal Capital & Housing Finance Ltd (PCHFL) has announced a strategic partnership with API Holdings through its digital healthcare platform, Retailio. The partnership aims to provide efficient and seamless financing solutions to consumers, retailers, and merchants in API Holdings’ healthcare ecosystem. PCHFL will offer solutions such as multi-collateral loans for retailers, supply chain financing, and hospital financing.
Siemens Q4 Results: Net profit falls 2.6% YoY to Rs 321 crore
Siemens Ltd reported a 2.6% YoY decline in consolidated net profit to Rs 321.6 crore for the quarter ended September (Q4). The company follows the October-September financial year cycle. Its total revenue rose 20.75% YoY to Rs 4,358.3 crore during the same period. New orders from continuing operations increased 4.9% YoY to Rs 3,378 crore in Q4. The Board of Directors of Siemens Ltd has recommended a dividend of Rs 8 per share.
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Aurionpro Solutions secures order worth Rs 60 crore from Govt of UP
Aurionpro Solutions Ltd has received an order in the smart transit segment from the Government of Uttar Pradesh. The company will be the system integrator for implementing Internet of Things (IoT) based Integrated Bus Ticketing System for the Uttar Pradesh State Road Transport Corporation (UPSRTC). The order is worth Rs 60 crore.
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Nazara Tech completes acquisition of OpenPlay
Nazara Technologies Ltd has completed the acquisition of skill-based gaming company OpenPlay for Rs 186 crore. The company has acquired 7,670 equity shares of Rs 10 each of OpenPlay Technologies. Nazara Tech has paid the consideration by way of issue and allotment of 6.48 lakh equity shares of Rs 4 each of the company to Unnati Management Consultants LLP.
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Bharti Airtel conducts India’s first 5G trial in the 700 MHz band with Nokia
Bharti Airtel has successfully conducted India’s first 5G trial in the 700 MHz band in partnership with Nokia. The demonstration, which was conducted on the outskirts of Kolkata, also marked the first 5G trial in eastern India. Bharti Airtel has been allotted test spectrum in multiple bands by the Department of Telecommunications for the validation of 5G technology and its use cases.
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