Vedanta

Vedanta Limited and Taiwan’s Foxconn will invest $19.5
billion (Rs 1.54 lakh crore) under a pact signed on Tuesday to set up a
semiconductor project in Gujarat. The joint venture received subsidies
including on capital expenditure and electricity from Gujarat. They plan to
build separate units from semiconductor and display production near Ahmedabad.
Foxconn is acting as the technical partner, while oil-to-metals conglomerate
Vedanta is financing the project as it aims to diversify into chip
manufacturing. Foxconn said in a statement that the state’s infrastructure and
the government’s active support “increase confidence in setting up a
semiconductor factory”.

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Infosys

The IT major has collaborated with Bpost (Belgium Post), a
leading postal operator and growing parcel and Omni-commerce logistics partner
in Europe to provide security for the cloud environment and build robust cyber
resilience for Bpost’s mail delivery and logistics services.

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JSW Steel

JSW Steel on Tuesday signed a memorandum of understanding
(MoU) with SMS group, a German engineering and technology company, for
exploring decarbonisation projects at the Indian firm’s plants. The
collaboration would enable the companies to together explore opportunities to
reduce carbon emissions and produce green steel, the company said in a
statement. THE SMS Group would provide its experts for design, engineering
consultancy, and commissioning of projects. JSW Steel would provide support at
its plants for SMS Group to explore solutions for decarbonisation projects.

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NTPC 

The state-run firm
has renewed plans to start commercial coal mining through its unit, NTPC Mining
Ltd, and fresh approvals have been sought, reported Livemint. It is an
opportunity for NTPC to step up its play in the prime power sector fuel.
Previously, it had tried to enter into commercial coal mining but did not
receive the required approvals.

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Maharashtra Scooters

The company’s board of directors declared an interim
dividend of Rs 100 per share of the face value of Rs 10, for the financial year
ending March 2023. The record date for determining the eligibility of members
to receive the interim dividend has been fixed as September 23, 2022.

Bharat Forge

Subsidiary Kalyani Powertrain announced a joint venture
with commercial electric vehicle company Harbinger Motors Inc to develop
electrified drivetrains for the commercial trucking industry. ElectroForge, the
new JV, will leverage the strengths of both partners to offer best-in-class
drive trains developed for the Class 3 through 8 markets.

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KEC International

Infrastructure EPC company KEC International has received
new orders of Rs 1,108 crore across its various businesses including
transmission & distribution and railways. The transmission &
distribution business has bagged orders for T&D and cabling projects in
India, the Middle East and Africa.

Hatsun Agro Product

The company board of directors will meet on September 19 to
consider raising funds by issue of equity shares on a rights issue basis.

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Bajaj Holdings & Investment

The company has declared an interim dividend of Rs 110 per
share of the face value of Rs 10 for the financial year ending March 2023. The
record date for determining the eligibility of members to receive the interim
dividend has been fixed as September 23.

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Neuland Laboratories

The company’s Chief Financial Officer (CFO) Deepak Gupta
has resigned from the position, to pursue career opportunities outside the
company. He will continue to act as the Chief Financial Officer of the company
till October 13.