Jio-BP partners with BluSmart to set up EV charging stations

Jio-BP has partnered with electric ride-hailing platform BluSmart to set up a network of electric vehicle (EV) charging stations across India. As part of the partnership, Jio-BP will set up charging stations for passenger EVs and cabs across the country, starting with the National Capital Region (NCR). Each charging station will have the capacity to accommodate a minimum of 30 vehicles. Jio-BP is a joint venture between Reliance Industries Ltd and UK energy giant BP.

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Govt gives final approval to privatise 13 airports

The board of the Aiport Authority of India (AAI) has given its approval to privatise 13 airports across India. The major airports at Bhubaneshwar, Varanasi, Amritsar, Trichy, Indore, Raipur, and seven smaller airports will be privatised. The government aims to generate Rs 3,660 crore of private investment into the airports by FY24. This will be the first major asset monetisation exercise by the Indian government as part of the National Monetisation Pipeline (NMP). To learn more about NMP, click here.

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Greaves Cotton to set up multi-brand EV retail stores

Greaves Cotton has announced its entry into the multi-brand electric vehicle (EV) retail segment with ‘AutoEVmart’. The platform serves as a marketplace for EVs in India and will offer two-wheelers, three-wheelers, electric cycles, and accessories under one roof. AutoEVmart will enable customers to choose from a wide range of EVs, including Greaves Cotton brand Ampere Electric. The company will be launching its first multi-brand EV retail store in Bengaluru soon.

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TCS signs 10-year digital contract with Transport for London

Tata Consultancy Services (TCS) has secured a ten-year contract from Transport for London to design, implement, and operate a cloud-based smart mobility system for the administration of taxis and private hire vehicles. TCS will build and operate a system for managing records, licensing payments, and refunds to vehicle operators and owners through digital channels. The IT major will design and launch the new system using its DigiGOV framework for rapid digital transformation.  

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Macrotech Developers partners with Tata Power for EV charging infra

Macrotech Developers (Lodha) has partnered with Tata Power to provide end-to-end EV charging solutions in all its residential and commercial projects across Mumbai Metropolitan Region (MMR) and Pune. Under this partnership, Tata Power will install EV charging stations at Lodha developments across MMR and Pune. These chargers will be accessible to all Lodha residents and visitors who are EV owners. 

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Zydus Cadila gets USFDA approval for schizophrenia treatment drug

Zydus Cadila has received tentative approval from the US Food and Drug Administration (USFDA) to market Brexpiprazole tablets. The drug is used as adjunctive therapy to antidepressants for the treatment of Major Depressive Disorder (MDD) and schizophrenia. The product will be manufactured at Cadila’s formulation manufacturing facility at the SEZ, Ahmedabad.

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Ashoka Buildcon emergest lowest bidder for NGIDCL road project in Assam

Ashoka Buildcon Ltd has emerged as the lowest bidder (L-1) for a road project of National Highways & Infrastructure Development Corporation Ltd (NHIDCL). The project consists of four-laning of the Kwaram Taro Village – Dillai section of NH-29 in Assam on an engineering, procurement, and construction (EPC) mode. The quoted bid price of the project is Rs 282.11 crore. 

Zensar Tech partners with FRISS to provide fraud prevention solutions

Zensar Technologies has partnered with Netherlands-based FRISS to provide fraud detection and prevention solutions for Property and Casualty (P&C) insurers. This strategic partnership will enable Zensar Tech’s clients to access the latest market-ready artificial intelligence (AI), a multitude of data sources, and unparalleled customer service directly through FRISS. 

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Aditya Birla Fashion approves allotment of NCDs worth Rs 400 crore

The Board of Directors of Aditya Birla Fashion & Retail Ltd has approved the allotment of 4,000 listed, unsecured, rated, and redeemable non-convertible debentures (NCDs) of Rs 10 lakh each (aggregating to Rs 4,000 crore) on a private placement basis. The NCDs hold a coupon rate of 5.8% per annum. The date of allotment is Sept 9, 2021, and the date of maturity is Sept 9, 2024.

Blue Dart commences trials for vaccine delivery by drones

Blue Dart Express has partnered with drone delivery startup Skye Air to flag off the first drone flight for Telangana Government’s ‘Medicine from the Sky’ project. The trials for delivery of medicines and vaccines will be held in Vikarabad, Hyderabad, from Sept 9 till Oct 17. The drone flights will have consignments of vaccines, medical samples, and other healthcare items.

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