NTPC and EDF India, an arm of French agency Electricite de France, have joined fingers to arrange pumped hydro storage and different hydro initiatives bundled with renewable vitality initiatives; they may also discover alternatives within the distribution enterprise. NTPC and EDF India have signed a non-binding time period sheet to develop, personal, function and keep pumped storage initiatives and every other hydro-power initiatives, an announcement stated. Beneath the settlement signed on Sunday, NTPC and EDF suggest to kind a JVC with 50: 50 partnership after requisite approval from the Centre.
Hazoor Multi Tasks Ltd has secured a ₹102-crore order to supply metal works in Maharashtra. The mission has been awarded by Venkatesh Infra Tasks and will likely be executed in six months, the corporate stated in an announcement.
Schneider Electrical on Saturday introduced plans to open three extra manufacturing vegetation in India. Talking on the inaugural session of Elecrama 2025, Schneider Electrical CEO Olivier Blum stated the corporate plans to make common investments in India The corporate presently has 31 manufacturing vegetation within the nation. The three new vegetation will come up at Kolkata, Hyderabad and Ahmednagar, he stated on the occasion organised by trade physique IEEMA in Larger Noida.
Vedanta Ltd has been declared the popular bidder for a diamond mine in Madhya Pradesh The corporate stated it’s the highest bidder with a closing value provide of 1.10 per cent. “The corporate has been declared ‘Most popular Bidder’ for the Kauhari Diamond Block,” Vedanta stated in a regulatory submitting. The mine is on the G4 stage of exploration, with a complete space of 643.4169 hectares for the block.
Swiggy will make investments as much as ₹1,000 crore in a number of tranches to broaden its wholly-owned subsidiary ‘Scootsy Logistics’ which is engaged within the provide chain and distribution enterprise. The funding is in direction of working capital and different capital expenditures as a part of the corporate’s enterprise growth.
ZF Group, world chief in drive line and chassis know-how, has inaugurated its first ZF (professional) Tech plus workshop in Delhi aimed toward offering assist to workshop companions within the automotive trade, a high official stated. The ZF (professional) Tech workshop gives in depth on-site assist for workshops, guaranteeing producer experience for all essential elements. The inauguration additionally marks the inspiration for a country-wide roll-out, ZF Group stated in a press launch on Saturday.
Jio Monetary Providers Ltd and Zomato Ltd will enter the Nationwide Inventory Alternate’s benchmark Nifty 50 index from March 28. As per the revisions, Bharat Petroleum Company Ltd. (BPCL) and Britannia Industries Ltd will likely be excluded from the index, in line with a launch from NSE Indices. The Index Upkeep Sub-Committee of NSE Indices Ltd has introduced modifications to the Nifty 50 index as a part of its semi-annual overview, efficient from March 28, 2025.
Niyogin Fintech Ltd has introduced the conversion of its warrants, elevating ₹56.2 crore. Following board approval 1,64,40,011 fairness shares had been allotted post-conversion. The warrants had been transformed at a value of ₹45.62 per share.
Granules India has signed an settlement to amass Senn Chemical compounds AG, a Swiss-based CDMO specialising in peptides for CHF 20 million (roughly ₹192.50 crore, excluding relevant prices & bills). This acquisition strengthens Granules India’s presence in peptide-based therapeutics and CDMO segments.
The Bharti Airtel board has authorized elevating the stake-holding in Airtel Africa by as much as 5 per cent, the telecom agency stated in a statutory submitting on Friday. Airtel Africa Mauritius Ltd, which is a step-down subsidiary of Bharti Airtel, holds 57.29 per cent of Airtel Africa plc. The stated acquisition is being executed to extend stake in Airtel Africa plc, it stated.
The board of administrators of Bajaj Auto has authorized funding of as much as Euro 150 million (equal to ₹1,364 crore) in Bajaj Auto Worldwide Holdings BV, Netherlands, a wholly-owned subsidiary.
The US well being regulator USFDA has pulled up Jagsonpal Prescribed drugs for vital manufacturing lapses at its Rajasthan-based energetic pharmaceutical components (APIs) plant. In a warning letter issued to the corporate’s Managing Director Manish Gupta, the US Meals and Drug Administration famous that the correspondence summarises vital deviations from Present Good Manufacturing Follow for APIs
