Nestle

Nestle India has acquired Government of India approval under the Production Linked Incentive (PLI) scheme for Fruits and Vegetables. The Company has long maintained that the PLI scheme for the food processing industry will benefit both farmers and the food processing sectors. Overall, it is a positive move for an industry that boasts one of the best capital investment-to-employment ratios.

California Software

The business has signed an agreement to acquire a majority stake in Pratsware Technologies, which owns botbaba, a WhatsApp Chatbot Platform. Calsoft will become a global leader in e-commerce and Point of Sale (PoS) solutions as a result of this purchase.

NHPC

The company has approved a proposal for monetisation by securitisation through a bidding process of return on equity (RoE) of Chamera-I power station (3 X 180 MW), Himachal Pradesh, and further to monetise the RoE of one or more power stations for 05/10/15 years in one go or rollover.

Reliance Industries

The Abu Dhabi Chemicals Derivatives Company RSC (TA’ZIZ) and Reliance Industries have agreed to develop ‘TA’ZIZ EDC & PVC,’ a world-scale chemical manufacturing collaboration at the TA’ZIZ Industrial Chemicals Zone in Ruwais. With a $2 billion investment, the new joint venture will build and run a Chlor-Alkali, Ethylene Dichloride (EDC), and polyvinyl chloride (PVC) production facility.

Tata Consultancy Services (TCS)

Forrester Now Tech: Digital Wealth Management Platforms, Q4 2021 has named Tata Consultancy Services (TCS) a larger player. Based on their market presence and capabilities, the research examines 18 wealth management platform vendors. According to the research, TCS BaNCS has the most significant geographic presence by revenue in North America, Europe, the Middle East, and Africa, and its vertical market emphasis includes private banking, wealth management, and asset management.

Polyplex Corporation

PT Polyplex Films Indonesia, a wholly owned subsidiary of Polyplex (Thailand) Public Company (PTL), Thailand, (51 percent subsidiary of the company) has commenced operations. of a 10.6-metre BOPP film line with a capacity of 60,000 tonnes per annum.

Hindustan Zinc

The company approved an interim dividend of Rs 18 per equity share on a face value of Rs 2 per share for FY22.

Brightcom Group

The firm has entered into a definitive agreement to buy 100% of Vuchi Media, which operates under the brand name MediaMint.

ICICI Bank | Flipkart

ICICI Bank has teamed with Flipkart to provide individual sellers and enterprises registered on the e-commerce platform with a fast and entirely digital overdraft (OD) option of up to Rs 25 lakh. The agreement, enabled by API connectivity, enables sellers to obtain an OD from the bank instantaneously in a totally digital procedure, from application to sanction to payout. Customers from any bank can get ODs from ICICI Bank if they are Flipkart merchants.

Natural Capsules

India Equity Fund 1 acquired 41,978 equity shares in the company at Rs 243.34 per share. However, Mahendra Labs Pvt Ltd sold 63,904 equity shares in the company at Rs 244.30 per share on the NSE, the bulk deals data showed.