Reliance New Energy Solar Ltd (RNESL), a wholly owned subsidiary of Reliance Industries is acquiring 100% of Faradion Limited (FL), a British battery maker specialising in sodium-ion technology. Key points to note – RNESL is investing 125 mn pounds in the transaction – 100 mn pounds for 100% acquisition of FL and balance 25 mn … Read more
Mercedes-Benz took the wraps off of a striking electric concept car on Monday. Meet the Vision EQXX. Mercedes-Benz Vision EQXX. Mercedes-Benz You probably won’t be able to buy a Merc exactly like the Vision EQXX anytime soon. But some of the advancements Mercedes developed here could make their way into your future electric Benz. Mercedes-Benz … Read more
BJP leader Subramanian Swamy has approached the Delhi High Court seeking to quash the Air India disinvestment process and set aside the approvals given to it by authorities. A bench of Chief Justice D N Patel and Justice Jyoti Singh is scheduled to hear the petition on Tuesday. Swamy, a Rajya Sabha MP, has sought … Read more
Beijing has attacked the retailer over Xinjiang, after similar moves against Intel, Adidas and H&M A New Year’s Eve salvo from Beijing accusing Walmart Inc. of “stupidity and shortsightedness” has driven home a stark challenge for Western businesses in one of their most promising markets: As governments ratchet up accusations of human-rights violations in China, … Read more
On October 28, 2021, Tata Power had informed to appoint Mr Sanjeev Churiwala as new Chief Financial Officer (CFO) to replace Mr Ramesh Subramaniam, who was moving into a new role within the Tata Group. Key points to note – Sanjeev has joined the company w.e.f January 1, 2022. He has more than 27 years … Read more
An overwhelming 93 per cent of CEOs, business leaders, and startup entrepreneurs polled in an ET survey said India is on the cusp of an investment boom, helped by strong post-pandemic economic growth, government incentives for manufacturing, emerging business opportunities and low interest rates. A higher 94 per cent aim to put their money where … Read more
The Company announced plans to invest in InoBat Auto (IA), a Slovakia based start-up focused on research and development of batteries for electric vehicles and production of lithium-ion battery cells as well as tailored and customs cells. Key points to note – IA was founded in 2019 and it’s 1st funding was a Euro 5 … Read more
The Company has missed the last date for payment of Rs 3,494.56 crore to banks and others lenders. Key points to note – The last date for payment was December 31, 2021. The due date was as per the One Time Restructuring (OTR) plan approved by the lenders in April 2021 under an RBI announced … Read more