Tata Steel commissions first steel recycling unit in Rohtak

Tata Steel Ltd has commissioned a 0.5 million tonnes per annum (MTPA) steel recycling plant at Rohtak, Haryana. The plant has been set up in collaboration with Aarti Green Tec as a Build, Own, and Operate (BOO) partner. The first-of-a-kind facility is equipped with modern and mechanised equipment such as shredder, baler, and material handler. The scrap will be procured from sources such as end-of-life vehicles, obsolete households, construction & demolition, industries, through an app called FerroHaat.

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Pizza Hut partners with HUL to add Kwality Wall’s ice cream, desserts to menu

Pizza Hut has partnered with Hindustan Unilever Ltd to add the FMCG firm’s Kwality Wall’s ice cream and desserts to its dine-in, delivery, and takeaway menu. With this partnership, Pizza Hut expects to increase its average order value by 10% for orders that have Kwality Wall’s ice cream and desserts. Pizza Hut has become the first-ever quick service restaurant (QSR) chain to offer ice creams and desserts across its owned and aggregator platforms.

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Subex secures five-year contract from Dhiraagu

Subex Ltd has secured a five-year contract from Dhiraagu to implement an integrated revenue assurance and fraud management (iRAFM) solution. Dhiraagu is a leading telecom operator in the Maldives. Through the deployment, Dhiraagu will upgrade its systems and consolidate its standalone assurance functions to better equip itself for the 5G era. Subex is expected to help replace the operator’s existing systems with new and advanced software to improve their processes and enhance customer experience.

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Bharat Forge to enter EV space with 2-wheelers and 3-wheelers

Bharat Forge Limited is set to enter the electric vehicle (EV) space with two-wheelers and three-wheelers in the current financial year (FY22). The launch will further highlight how companies are rushing to tap the upcoming and thriving EV market. Tork Motors, an associate company of Bharat Forge, has met the subsidy requirements specified for Phase 2 of the Faster Adoption and Manufacturing of Electric Vehicles (FAME-II). Bharat Forge is a leading manufacturer of forged and machined components in India.

Cabinet approves Rs 11,040 crore scheme to reduce edible oil import dependency

The Union Cabinet has approved the launch of a new mission to boost palm oil production, the National Mission on Edible Oils— Oil Palm (NMEO-OP), with an outlay of Rs 11,040 crore. The scheme aims to reduce India’s dependence on imported edible oil. The central scheme will have a special focus on the north-eastern region and the Andaman and Nicobar Islands. The new scheme aims to have an additional area of 6.5 lakh hectares under oil palm by FY26.

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Telecos, vendors, chipmakers term 5Gi as risky technology

Bharti Airtel, Vodafone Idea, and top smartphone makers and chipset vendors have termed the Indian 5G standard, 5Gi, as a risky technology. Their consistent persuasion to conduct an objective and holistic assessment of the standard within the Telecommunications Standards Development Society India (TSDSI) was met with outright rejection. In their joint submission to the Department of Telecommunications (DoT), leading telecom companies and chipset makers have urged the Telecommunication Engineering Center (TEC) to conduct theoretical verification and field-level validation of performance gains of the 5Gi standard.

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Tejas Networks clarifies on reports of its business exposure in Afghanistan

Tejas Networks Ltd has issued a statement in which the company clarified on reports of having business exposure in crisis-hit Afghanistan, where the Taliban has taken control of the country’s capital Kabul. The company stated that there are no customer orders from Afganistan that are pending execution. There are also no outstanding receivables from customers in the country. Further, Tejas Networks said it has no employees located in the region.

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Tega Industries files DRHP for IPO

Mining company Tega Industries has filed a Draft Red Herring Prospectus (DRHP) with market regulator SEBI to raise funds via an initial public offering (IPO). The company is expected to raise around Rs 700-750 crore through the IPO. The issue will entirely consist of an offer for sale (OFS) of up to 13.66 lakh equity shares (of the face value of Rs 10 each) by promoters and existing shareholders. Kolkata-based Tega Industries is part of MM Group of Companies. It provides customised solutions to the mining, bulk mineral handling, and slurry transportation industries.

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