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Tata Motors anticipates stable policies in upcoming budget
Tata Motors indicated that they anticipate policy continuity in the upcoming Union Budget. They also emphasised the necessity for additional players in the charging infrastructure sector to expedite the adoption of electric mobility across the nation. The new NDA government is expected to present the Union Budget next month. Historically, the Central Government has presented the Union Budget on February 1 in recent years. However, earlier this year, due to the upcoming 2024 elections, only an interim Budget was presented. Regarding budget expectations, Tata Motors' Shailesh Chandra explained..
Inox Green Energy Services approved for Rs 10.50 billion fundraise
In a statement released, Inox Green Energy Services announced that its board of directors had sanctioned a proposal to raise funds amounting to Rs 10.50 billion through the issuance of equities and convertible warrants. The decision was made during a board meeting held earlier that day. According to the approved plan, the company intends to issue more than 20.89 million equity shares at an issue price of Rs 138 per share, inclusive of a premium of Rs 128 per share, totalling up to Rs 4 billion, to non-promoter entities. Additionally, Inox Green Energy Services plans to issue over 40.48 milli..
CISF Assumes Security for NTPC-Coal Mining Project in Jharkhand
The Central Industrial Security Force (CISF) officially announced that it had taken over security responsibilities for the NTPC-Coal Mining Project (CMP) in Hazaribagh, Jharkhand, as per an official statement. According to the press release, the total number of units under CISF security cover had now increased to 358 nationwide with this latest induction. NTPC, India's largest energy conglomerate, was established in 1975 with the aim of accelerating power development in the country. Over the years, NTPC has emerged as India's leading power generator, boasting a capacity of approximately 68 GW..
