Maruti’s new 7 seater coming to ‘rule’ the market after Ertiga
Medilytix bureau: Maruti Suzuki is gearing up for the launch of the much-awaited Grand Vitara SUV in September 2022. The company is also developing 3 new SUVs for the Indian…
Hindalco’s aluminium smelter in Odisha to develop up to 400 MW of green capacity
Medilytix Bureau: Renewable energy company Greenko Group and aluminium maker Hindalco Industries NSE-1.50 % have entered into an agreement to set up a green energy project that will have a…
Ashok Leyland’s EV arm, Switch Mobility, has partnered with Chalo to deploy 5000 electric buses over the next three years.
Medilytix Bureau: Ashok Leyland, India’s largest bus maker, and its EV subsidiary, Switch Mobility, have entered into an agreement with Chalo, an app-based public transport operator, to supply over 5000…
automated system for collecting domestic value addition data from approved PLI-Auto applicants:
Medilytix Bureau: Ministry of Heavy Industries on Thursday launched an automated mechanism for capturing data related to domestic value addition by approved applicants under the Production Linked Incentive (PLI) scheme…
Rupee Co-operative Bank’s banking licence has been revoked by the RBI
Medilytix bureau: The Reserve Bank of India (RBI) on Wednesday cancelled the licence of Rupee Co-operative Bank Ltd. in Pune with effect from six weeks from today. According to a…
Airlines may start a fare war as the government removes control on air fares
Medilytix bureau: Two years after the government started regulating airline ticket prices, the government has decided to remove the practise from August 31. The move, which comes in the middle…
Public sector banks registered a 9% rise in profit to Rs 15,306 crore in the April-June quarter
Medilytix bureau: Despite poor performances by large lenders such as SBI and PNB, all 12 public sector banks earned a total profit of about 15,306 crore, representing a 9.2% annual…
Pfizer’s Managing Director S Sridhar, resigns
Medilytix bureau: Drug firm Pfizer on Wednesday said its Managing Director, S Sridhar, has resigned from the company. The company said in a regulatory filing that Sridhar has expressed his…
The RBI is increasing its scrutiny of digital lending apps.
Medilytix bureau: The Reserve Bank of India on Wednesday issued detailed guidelines that will increase scrutiny and supervision over digital lending apps and lenders who engage with them, after several…
Assam looks to generate 2,000 MW solar power at investment of Rs 10,000 crore
Medilytix Bureau : Assam is looking to augment its solar power generation capacity with Assam Power Distribution Company Ltd (APDCL) inking an MOU with NLC India NSE -0.62 % Limited…