Infibeam Avenues, Reliance Capital and SpiceJet to see some action today

Infibeam Avenues has entered into a definitive agreement with Jio Platforms and its affiliates (JPL), to license, customise, maintain and access its Enterprise E-commerce Software and Payments Platform for their business use.

Reliance General Insurance, a part of Reliance Capital, has partnered with SatSure Analytics for satellite-based crop monitoring and predictive analytics support to better risk management and improve the efficiency of its crop insurance business operations. As part of the partnership, the company will supply extensive ground observation data and generate timely reports through SatSure Analytics' SAGE platform, combining the analysis of Earth Observation data. It's a key step in company’s customer-centric approach for timely and efficient insurance servicing while being able to effectively and remotely monitor the business risks.

SpiceJet is going to operate non-stop flights connecting Delhi and Mumbai with London from December 4, 2020. It is the first Indian low-cost carrier to operate flights to the UK. The Delhi-London flight and the Mumbai-London flight will operate under the air bubble agreement with the UK. The airline will use an Airbus A330-900 Neo aircraft for these flights. The 371-seater twin-aisle A330 has a configuration of 353 economy and 18 business class seats. These flights from India will be operating to London’s Heathrow airport.

Kalpataru Power Transmission and its joint venture partner have completed 100 percent stake sale in Jhajjar KT Transco (JKTPL) to IndiGrid. Earlier, the company had completed sale of 74 percent stake in Jhajjar KT Transco in first round of equity selling to India Grid Trust (IndiGrid). The Parties have completed the sale of second closing sale shares, which represents about 26% (13.26% held by the Company and 12.74% held by Techno) of the total equity shares of JKTPL to India Grid Trust.

HIL (India) has added additional capacities and commenced the production of various products under CpVC & UpVC Pipes range at its plant located at Thimmapur, Telangana. HIL continues to diversify, invest and expand its plumbing solutions business with an extended portfolio range. The company has commenced commercial production of UpVC & Column Pipes from October 5, 2020 in Pipes & Fittings category. The product will be catering to both domestic and international markets. The total additional installed capacity is 1920 MT/P.A (i.e UpVC & Column Pipes).

Vinati Organics has subscribed to the Memorandum & Articles of Associations to the extent of 99% of the Share Capital of Veeral Organics, which has been incorporated under the Indian Companies Act, 2013 on October 5, 2020. By virtue of the same subscription, Veeral Organics becomes the subsidiary of the company with effect from October 5, 2020. The business of subsidiary is manufacturing of the Organics Fine Speciality Chemicals and is in line of the business of Vinati Organics.

Indian Energy Exchange's (IEX) electricity market at the Indian Energy Exchange traded a volume of 5675 MU (Million Unit) in September 2020 seeing a significant 45% YoY increase while the national peak demand in the same period saw a 2% YoY increase and energy consumption recorded a 6% YoY increase. The day-ahead market cleared volume of 4781 MU during the month. The market continued to witness high sell side liquidity with the total sell bids at 9669 MU being more than twice of the cleared volume.