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Maruti Suzuki flags off electric vehicles for field testing

Maruti Suzuki has flagged-off proto-type Electric Vehicles for field test, in line with its commitment to introduce an Electric Vehicle by 2020. The Electric Vehicles have been developed exclusively by Suzuki Motor Corporation, Japan and built at Maruti Suzuki, Gurugram facility, as its commitment to Make in India. This extensive ... Read More »

Tata Steel reports production of 7.33 MT in Q2 FY19

Tata Steel has reported consolidated steel output (Provisional) at 7.33 million tonne (MT) during Q2 FY19. During Q2 FY18, the company’s output (Actual) on consolidated basis stood at 7.26 MT. The sales during the reported quarter (Provisional) stood 7.22 MT from 7.38 MT (Actual) in the year-ago period, registering a ... Read More »

Aban Offshore’s arm enters into conditional sale, purchase agreement

Aban Offshore’s wholly owned step-down subsidiary has entered into a conditional sale and purchase agreement to acquire 100% interest in a United Kingdom (UK) Continental Shelf Production License comprising of 100% interest in two blocks in UK North Sea, for a non-cash consideration of $75 million. The consideration shall be ... Read More »

Federal Bank gets RBI’s nod to sell 45% stake in Fedfina

Federal Bank has received an approval from the Reserve Bank of India (RBI) for proposal to sell up to 45% stake in NBFC arm Fedbank Financial Services (Fedfina) to private equity firm True North. Earlier in May, the board of the Bank had approved 26% strategic investment by True North ... Read More »

SpiceJet launches daily flights on Delhi-Kishangarh route

SpiceJet has flagged off daily non-stop flights on Delhi-Kishangarh-Delhi route under the regional air connectivity UDAN scheme. The airline was awarded the route under UDAN II. The new flight will also provide a boost to traders and businesses of Kishangarh.  SpiceJet is among the first private companies that stepped into the ... Read More »

Coal India inks MoU with NLC India

Coal India and NLC India have signed a Memorandum of Understanding (MoU) for formation of Joint Venture (JV) Company for Solar Power Generation of 3,000 MW and Thermal Power Projects of 2000 MW capacity. Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking ... Read More »