News Today: Reliance Industries: The retail brand licensing a | Start Learning

News Today:

Reliance Industries: The retail brand licensing arm of India's largest conglomerate, Reliance Brands, will acquire a 40 per cent stake in Italy-based Plastic Legno's toy manufacturing business in India to strengthen its toy production in the country.

NTPC: The state-owned power giant said it is targeting 26 million tonnes of captive coal production in the current fiscal, with focus on such mines situated mostly in Jharkhand. NTPC had produced 14 MT of coal from its captive mines last year.

Nestle India: The FMCG major is looking to tap opportunities in new categories such as 'healthy ageing', 'plant-based nutrition' and 'healthy snacking' to boost growth in the country, its Chairman and Managing Director said.

Vedanta: The mining firm said a committee of its directors will meet this week to consider raising up to Rs 4,100 crore via debentures. The above issuance is pursuant to the board of directors' resolutions passed at their meetings on May 7, 2019 and October 3, 2020.

Auto stocks: The auto makers will react to there sales numbers for the month of May 2022, announced after the closing hours on Wednesday. All automobile manufacturer as slated to announced their monthly sales figures for the previous month on the first day of every new month.

REC, GR Infra: The state-owned NBFC said it has handed over Rajgarh Transmission (RTL) to G R Infraprojects. RTL (Rajgarh Transmission Limited) is a Special Purpose Vehicle (SPV) which was formed for the construction of transmission projects in Rajgarh and Madhya Pradesh.

Delta Corp: The casino players' subsidiary Delta Pleasure Cruise Company has commenced management of operations of the casino at the hotel 'The Zuri White Sands Goa, Resort and Casino', situated at Pedda Varca Salcete, Goa. With the commencement of operations, the company and its subsidiaries operates five casinos in Goa.

VA Tech WABAG: The water technology company said it has secured an engineering and procurement order worth about 18 million euros (Rs 149 crore) from Korea's DL E&C CO for a water treatment package for a EuroChem methanol production facility in Kingisepp, Russia.

Religare Enterprises: The NBFC saiid lenders to Religare Finvest Limited (RFL) have agreed to consider a one-time Settlement (OTS) offer proposed by its debt-ridden subsidiary. Religare has resolved many legacy issues left over by its erstwhile promoters, including settlement with SEBI and becoming debt free.

Knowledge Marine & Engineering Works: The shipping firm has received a Rs 67.85 crore (exclusive of taxes) contract for capital dredging at Mangrol fishing habour from Dredging Corporation of India for a tenure of 13 months. The order is developed under PMMSY scheme.

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