Reliance Industries, Varun Beverages and Bajaj Auto to see some action today

Reliance Industries’ (RIL) telecom arm -- Reliance Jio Infocomm (Jio) has launched Jio True 5G in Pune thereby providing Punekars a reason to rejoice with Unlimited 5G Data at upto 1 Gbps+ speeds. Jio begins Beta testing of its True 5G network in a city only when a large part of the city is covered by its StandAlone True 5G network, so that Jio customers get good coverage and experience the most advanced Jio 5G network.

Varun Beverages has agreed to invest 26% (in one or more tranches) of Equity Share Capital of Clean Max Tav, a special purpose vehicle (SPV) inter-alia engaged to supply solar and wind power to consumers in the state of Karnataka. As part of the proposed transaction, the company, being the captive user, would be investing Rs 3.28 crore in the equity shares of the SPV in tranches. The completion of the transaction is expected on or before March 31, 2023.

Bajaj Auto has launched the all-new Pulsar P150 in India. This highly agile and manoeuvrable bike comes with a modern, sporty design that complements its powerful and refined 150cc engine giving riders a great-to-look-at, great-to-ride machine. After the 250cc (N250 and F250) and 160cc (N160) versions, this is Pulsar’s third offering on the all-new platform that was launched in October 2021.

IRIS Business Services has launched a joint ‘Go To Market’ with Hylobiz, a b2b trade automation fintech, to offer an advanced connected business experience automating collections, compliance and commerce. The partnership aims to facilitate businesses with automated cash flow, business banking, compliance and commerce digitisation leading to easier credit access for business growth.

Praveg Communications (India) has received a Work Order dated November 22, 2022 from Department of Tourism, U.T. Administration of Dadra & Nagar Haveli and Daman & Diu for Development, Operation, Maintenance and Management of Tent City at Chakratirth Beach, Diu.

CreditAccess Grameen has received approval to raise Rs 500 crore through allotment of 50,00,000 secured, redeemable, Non-Convertible Debentures (NCDs) of face value of Rs 1,000 each for cash at par, on public issue basis. The Executive, Borrowings and Investment Committee of the Board of Directors at its meeting held on November 23, 2022 has approved the same.

In a setback to Tata Power, the Supreme Court dismissed the company’s challenge to the Maharashtra Electricity Regulatory Commission’s (MERC’s) decision to award a Rs 7,000-crore transmission project near Mumbai on a nomination basis to Adani Electricity. The court upheld the order by the Appellate Tribunal for Electricity (APTEL) in this case and directed all State Electricity Regulatory Commissions (SERCs) to frame guidelines on tariff determination in accordance with Section 61 of the Electricity Act and the national policy.