TVS Motor, Cipla and Wipro to see some action today

TVS Motor Company and BMW Motorrad are expanding their long-term partnership with the joint development of new platforms and future technologies, including Electric Vehicles. Based on this decision, TVS Motor Company’s scope will include the design and development of future BMW Motorrad products and delivering world-class quality, supply chain management, and industrialisation. Under this enhanced cooperation, both companies have identified a range of products and technologies to deliver significant business benefits.

Cipla has entered into an LLP Agreement and other definitive agreements to acquire up to 33% partnership interest in Clean Max Auriga Power LLP, in line with the commitment to enhance the share of renewable power source in its operation and to comply with regulatory requirement for being a ‘captive user’ under electricity laws. Post-acquisition, Clean Max Auriga Power LLP will become an associate of Cipla.

Wipro has expanded its portfolio of end-to-end solutions delivered on Microsoft’s cybersecurity stack. Wipro’s end-to-end security solutions and services now include two of Microsoft’s advanced specializations in Security - Identity and Access Management, and Threat Protection.

NTPC has awarded project of ‘Standalone Fuel-Cell based Micro-grid with hydrogen production using electrolyser’ at NTPC Simhadri (Andhra Pradesh). This will be India’s first Green Hydrogen based Energy Storage Project. It would be a precursor to large scale hydrogen energy storage projects and would be useful for studying and deploying multiple microgrids in various off-grid and strategic locations of the country.

Godawari Power & Ispat (GPIL) has subscribed to the Preferential Offer made by Hira Ferro Alloys (HFAL) for the fourth and Last trench of 9,00,000 equity shares at a price of Rs 195 per share. Consequent upon said acquisition, the GPIL's holding in HFAL has been increased from 54.70% to 56.45% in the enhanced capital of HFAL with effect from December 14, 2021. The objects of the acquisition is to part finance the ongoing 70 MW Solar Power Captive Plant of HFAL. 

Power Finance Corporation (PFC) is all set to lend Rs 275 crore for deployment of 350 electric buses across nine cities in Uttar Pradesh. An agreement to this effect was signed between PFC and GreenCell Mobility -- an e-mobility platform supported by governments of India and the UK to boost adoption of electric vehicles in the country. The buses will be deployed in key cities of UP including Agra, Meerut, Aligarh, Bareilly, Ghaziabad, Mathura, among others.

Sigachi Industries and National Institute of Pharmaceutical Education and Research (NIPER) have come together to sign the Memorandum of Understanding (MoU). By Signing this MoU, both the parties have mutually agreed to extend assistance and support in the field of Innovation and Research. Collaborating with NIPER will help the company to master new skills and latest technologies while benefiting from the expertise of faculty members.