Business Correspondent

Tata Passenger Electric Mobility Limited (“TPEML”), a subsidiary of Tata Motors Limited (“TML”), and Ford India Private Limited (“FIPL” and together with TPEML, “Parties”) had executed a Unit Transfer Agreement on August 7, 2022 for the acquisition of FIPL’s manufacturing plant situated at Sanand,  Gujarat, which inter-alia includes: (i) entire land & buildings; (ii) Vehicle Manufacturing Plant along with machinery and equipment situated therein; and (iii) transfer of all eligible employees of FIPL’s vehicle manufacturing operations at Sanand, for a total consideration, exclusive of taxes, of Rs 725.7 Cr (Seven Hundred Twenty Five Crores and Seventy Lakhs) Pursuant to the…

Kotak Mahindra Bank Limited announced that it has collaborated with India’s premier B-Schools to launch the inaugural edition of a case study competition titled “ExpLORe - Experience Learning Opportunities in Retail Lending”. With this program, Kotak Mahindra Bank intends to tap into Gen-Next for innovative solutions to real business challenges in Retail Lending products such as Credit Cards, Personal Loans, Consumer Finance, and Housing Finance, among others. Kotak Mahindra Bank has partnered with 9 premier B-schools for this initiative - IIM Lucknow, IIM Indore, IIM Kozhikode, XLRI Jamshedpur, Jamnalal Bajaj Institute of Management Studies, National Institute of Industrial Engineering, NarseeMonjee…

On Tuesday, the Mangdechhu Hydroelectric Project Authority (MHPA) officially handed over the 720 MW Hydro Project to Druk Green Power Corporation (DGPC). The commissioning of the project has increased Bhutan’s electrical power generation capacity by 44 percent to 2,326 MW. Since its commissioning, the project has generated more than 9,500 million units of energy. This handing-over ceremony was held in Thimphu and witnessed by Economic Affairs Minister Lyonpo Loknath Sharma and Indian Ambassador to Bhutan SudhakarDalela. A handing-over document was signed between the managing directors of MHPA and DGPC. In 2021, MHPA exported electricity worth Rs. 12.13B to India, increasing…

Bajaj Allianz General Insurance, one of the leading private general insurers of India, today announced the launch of its unique health insurance rider ‘RespectSenior Care Rider’.It might become difficult to fulfil all the responsibilities associated with caring for aging parents; this rider helps one fulfill their parental responsibility smoothly. In order to accomplish this goal, Bajaj Allianz General Insurance has tied up with a wide network of service providers to assist the insured with their worries. The intention of the rider is to minimize the worries of senior citizens and of their family members who might not be living in…