December 22, 2024
Quick Updates

Business

Konoike Transport Co. Ltd. is approved as Strategic Buyer for disinvestment of FSNL, a 100% subsidiary of MSTC

POV Team02 mins

Strategic disinvestment transaction was implemented through two stage open, competitive bidding process supported by a multi-layered consultative decision-making mechanism The Alternative Mechanism, empowered by the Cabinet Committee on Economic Affairs, comprising Nitin Gadkari, Union Minister for Road Transport and Highways, Nirmala Sitharaman, Union Cabinet Minister for Finance and H. D. Kumaraswamy, Union Minister of Steel,…

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RELIANCE INFRASTRUCTURE LIMITED REDUCES ITS STANDALONE EXTERNAL DEBT FROM INR 3,831 CRORE TO INR 475 CRORE

POV Team01 mins

Reliance Infrastructure Limited (Reliance Infra) announced that Invent Assets Securitisation and Reconstruction Private Limited, a lender to the Company, has novated certain charged securities to recover its dues. As a result, Invent ARC’s entire fund based outstanding amount has been reduced to Zero. Additionally, Reliance Infra has cleared its funded outstanding dues to Life Insurance…

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An all time record cargo handling in 2023-24 at Syama Prasad Mookerjee Port, Kolkata since 1870

POV Team05 mins

In its 154-year history, Syama Prasad Mookerjee Port, Kolkata (SMP Kolkata) including Kolkata Dock System (KDS) and Haldia Dock Complex (HDC), achieved a milestone in the fiscal year 2023-24 by handling 66.4 Million Metric Tonnes (MMT) of Cargo, marking a 1.11% increase from the previous record of 65.66 million tonnes moved in 2022-23. Chairman Shri…

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Chevron acquires majority stake in the advanced clean energy storage hydrogen project in delta, utah

POV Team05 mins

Chevron U.S.A. Inc., through its Chevron New Energies division, announced it has closed a transaction with Haddington Ventures to acquire 100% of Magnum Development, LLC (Magnum Development) and thus a majority interest in ACES Delta, LLC (ACES Delta), which is a joint venture between Mitsubishi Power Americas, Inc. (Mitsubishi Power) and Magnum Development. ACES Delta…

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Meta and Jio Platforms Collaborate to Launch JioMart on WhatsApp:
The first-ever end-to-end shopping experience on WhatsApp

POV Team03 mins

Global-first product experience will enable customers to browse the JioMart catalog, add products to cart and make purchases all within WhatsApp August 29, 2022 Meta and Jio Platforms today announced the launch of the firstever end-to-end shopping experience on WhatsApp, where consumers can shop from JioMart right within their WhatsApp chat. A global first, JioMart…

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