Wipro, together with ServiceNow, announced that they will contribute to Petrobras, the largest publicly traded company in Brazil and one of the largest companies of oil exploration, natural gas and derivatives, production and distribution in the world, to promote digital that its journey. The project aims to raise the level of service for internal users and reduce costs by modernizing and aligning business IT infrastructure processes through modern cloud solutions focused on automation and integration. The scope of the project relates to the maintenance of IT assets, system updates, and digitization processes.
BLS International has acquired Mumbai headquartered, largest business correspondent in the country – Zero Mass Private Ltd – for ₹ 120 crore. With all the money getting from the company’s internal accruals, BLS international has become the largest business correspondent network in India.
Berger Paints Stock exchanges were informed that an accidental fire broke out at its Howrah Factory affecting the exit gate and the raw material handling area. The production area remained completely unaffected. Twenty -one employees were injured in an attempt to put out the fire. Most of them are out of danger at present, it said. . Some of them are critical and under close observation. The cause of the incident is under investigation. However, preliminary investigation points towards an electrical short circuit in an AC unit. Factory operations have been temporarily suspended but are expected to resume within a few days.
CRISIL Ratings has changed its outlook on the bank’s long -term facilities Aditya Birla Fashion And Retail Limited (ABFRL) to ‘Positive’ from ‘Stable’ and reaffirmed the ratings to ‘CRISIL AA’. Short -term ratings were reaffirmed to ‘CRISIL A1+’. The revision to the outlook anticipates further strengthening of the financial risk profile led by the equity infusion of ₹ 2,195 crore to be completed in fiscal 2023 and 2024.
Khed Sinnar Expressway Limited (KSEL), a subsidiary of IL&FS Transportation Networks Limited has built the Khed – Sinnar Section of the road in Maharashtra. KSEL entered into a Settlement Agreement with the National Highways Authority of India (NHAI) on April 6, 2022, for the foreclosure of the Concession Agreement at a compensation of Rs 891.59 crore. As per the above, NHAI has now paid an amount of Rs 736.07 crore to KSEL’s escrow account making the required deductions. The Project will be awarded to NHAI in due course.
Tata Power Solar Systems Limited (Tata Power Solar), one of the largest integrated solar companies in India and a wholly owned subsidiary of Tata Power Company, has designated 450 MWDC of solar pant capacity for Brookfield Renewable India. The installation required setting up over 800,000 modules and was completed within a record 7 month timeline. The project will generate more than 800GWh of clean energy annually and help prevent up to 600,000 tonnes of annual CO2 emissions.
The board of Suraj Industries Ltd. has approved an investment of up to 20.08 per cent in the expanded Share Capital of Shri Gang Industries and Allied Products Limited through the subscription of up to 36 lakh equity shares at ₹ 10 per share.
Vedanta has pledged a 5.77 per cent stake in Hindustan Zinc Ltd for a term loan of ₹ 8,000 crore. The announcement came days after the Cabinet Committee on Economic Affairs approved the government’s 29.5 per cent stake sale in Hindustan Zinc. The company further said that the earlier encumbrance created by Vedanta that combined with 64.92 per cent of Hindustan Zinc’s paid-up share capital, to secure the syndicated term loan facility of ₹ 10,000 crore, has been released.
Rail Vikas Nigam Ltd (RVNL) has entered into an agreement with “Kyrgyzindustry” for the implementation of infrastructure projects in the Kyrgyz Republic. The company will specifically implement the railway line network on terms and conditions mutually agreed upon in the Kyrgyz Republic.
June 09, 2022