REC raises $75m from Sumitomo Mitsui Corp

REC Ltd has raised $75 million from Sumitomo Mitsui Banking Corporation, Singapore. It has also entered into secured overnight financing rate to hedge the interest rate risk.

Sonalika chairman is 71st richest in India

Sonalika Group chairman LD Mittal (90), having a net worth of $2.92 billion, has been named 71st richest Indian in the Forbes’ list of 100 richest Indians. He has been named among top 75 wealthiest persons of the country for the 10th year in a row.

Trident reports Rs2,288m profit, okays 36% dividend

Trident Ltd has recorded its highest ever quarterly revenue of Rs 16,726.7 million in the second quarter of the current fiscal. It has also reported highest ever quarterly profit of Rs 2,288 million in the quarter under review. The company has also announced 36% dividend.

L&T reiterates commitment for carbon, water neutrality

Larsen & Toubro (L&T) has reaffirmed its commitment to integrate its ESG goals with business targets and is working towards becoming a ‘net zero’ company. It has also launched fourth integrated report, ‘Sustainable Progress for a Better World’.

TVS showcases product range for festive season

TVS Motor Company has come out with exciting schemes across its product portfolio of two-wheelers. It has launched a collation of special schemes, latest colours, new refreshes and updated pricing across its product range.

Joyalukkas announces gift vouchers worth Rs100 cr

Joyalukkas is offering mega Diwali cashback offer with gift vouchers worth Rs 100 crore. During the festive period, it will also showcase a limited-edition special Diwali collection across all its showrooms.

Godrej opens exclusive brand outlet in Paonta

Godrej & Boyce has announced that its business unit Godrej Appliances has strengthened its presence in Himachal with the launch of its first Exclusive Brand Outlet in Paonta Sahib.

Reliance Jewels unveils ‘Kaasyam’ collection

Reliance Jewels has launched ‘Kaasyam’ collection to mark the beginning of festive season. It is inspired by the art and culture, temples and architectural marvels of Varanasi.

Vivo announces Vivo India Service Day

Vivo has announced Vivo India Service Day under which customers can visit the company’s service centres and avail free services like no labour charges, free screen guard, back covers and offers on select models.

Flipkart to set up Supply Chain Operations Academy

Flipkart has announced that it would set up a digital learning academy to upskill thousands of students every year. It will help bridge the skill gap and create employment opportunities in the supply chain industry.

HDFC MF launches NIFTY Next 50 Index Fund

HDFC Asset Management Company has launched NIFTY Next 50 Index Fund. It is suitable for investors looking for simple yet cost effective way of investing in ‘Next Top 50’ companies on the listed universe of NSE.

Wave Estate to launch 150 residential plots

Wave Estate, Mohali, will soon launch 150 premium residential plots in Sector 85, Mohali. The plots are part of the expansive 246 acres of the gated project comprising 1,744 units.

AMPATH opens pathology laboratory in Chandigarh

American Institute of Pathology and Laboratory Sciences Pvt Ltd (AMPATH) has launched its laboratory in Chandigarh. It provides tests ranging from routine to high-end molecular diagnostic tests.

Tata Motors launches ‘Grahak Samvaad’

Tata Motors celebrated ‘National Customer Care Day’ on October 23 to commemorate the day when the first truck was rolled out from Jamshedpur plant in 1954. It has also launched ‘Grahak Samvaad’ from October 20 to 28.

Webinar on role of community radio against Covid

A webinar on ‘Building capacity of community radio stations to fight Covid’ was held in Chandigarh recently. Rajesh Bhushan, Secretary, Ministry of Health and Family Welfare, gave the inaugural address.

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