Infosys: The IT major’s subsidiary, Public Services Inc (IPS), said it has been awarded a contract by Manitoba Public Insurance (MPI) to digitise driver licensing, vehicle registration, and International Registration Plan (IRP) services for over 900,000 Manitobans.
ONGC: Infrastructure company MEIL said it has delivered the second oil rig to ONGC, and another 21 rigs will be supplied to the state-owned firm by 2022. The delivery is a part of the Rs 6,000 crore order Megha Engineering and Infrastructures Ltd (MEIL) had won from
for the supply of 47 rigs.
Steel Authority of India: The state owned metal producer is aiming at reducing its net debt to a range of Rs 15,000-20,000 crore in the current fiscal if the prices and demand for the commodity remain stable, a top company official said.
Ashok Leyland: The commercial vehicle maker launched AVTR 4825 Tipper truck with ‘dual tyre lift axle’ and heavy-duty bogie suspension. Launched on the latest AVTR modular platform with 29-cubic metre load body, the new tipper truck is powered by the company’s iGen6 technology 186-Kw engine.
Coal India: The state owner miner’s subsidiary Central Coalfields Ltd said its director technical Bhola Singh has been selected as the chief of NCL. Singh, an IIT-Kharagpur alumnus, has been selected as the chairman and managing director of Northern Coalfields.
NMDC: Union Minister of State (MoS) for Steel Faggan Singh Kulaste met the senior officials of and reviewed the performance of the PSU under his ministry, an official statement said on Thursday.
Jindal Steel & Power: Retail and institutional investor advisory firms have given their nod for Naveen Jindal-led Jindal Steel to divest its power business Jindal Power Ltd (JPL) to Worldone Private Limited which was rejected earlier on account of lower valuation.
NLC India: The electric utilities firm said it has raised Rs 500 crore by issuing commercial paper. As many as 10,000 commercial papers of “a face value of Rs 5,00,000 each, aggregating to Rs 500 crores have been issued and allotted on 25.08.2021”, the BSE Filing added.
Spicejet: The Directorate General of Civil Aviation (DGCA), which had banned operations by Boeing MAX aircraft in March 2019 after two fatal crashes, on Thursday, allowed operations of these airplanes in India.
Telcos: Reliance Jio is the only telco to gain revenue market share (RMS) in the April-June quarter, helped by strong consumer uptake of its new cheaper JioPhone offers and strong sequential growth in revenue from national long distance (NLD) services.