Category: Agreements/MOU

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Intel Capital invests Rs 1894.50 crore in Jio Platforms

Jio
  • Reliance Industries has verified that Intel Capital has done an investment of Rs 1,894.50 crore in Jio Platforms. This investment turns into a 0.39% equity stake in Jio Platforms, with an equity value of Rs 4.91 lakh crore and an enterprise cost of Rs 5.16 lakh crore.

MoU inked between Indian oil, NTPC Ltd, and SDMC for Waste to Energy plant in Delhi

National Thermal Power Corporation Lts. (NTPC)
  • A Memorandum of Understanding (MoU) was inked on Waste to Energy plant at Okhla, Delhi, between Indian Oil, NTPC Ltd and South Delhi Municipal Corporation (SDMC).
  • The plant has the potential to process 17500 tons of Refuse Derived Fuel (RDF) per annum from municipal solid garbage to generate Syngas which is used to produce electricity.

PhonePe pairs-up with ICICI Bank on UPI multi-bank model

Phonepe
  • Flipkart-owned PhonePe it has tied-up with ICICI Bank on UPI multi-bank model, providing its customers the option to make and utilize multiple UPI IDs with ICICI and Yes Bank”s handles.

India, Bhutan ink pact for the first joint venture hydropower project

India, Bhutan ink pact for the first joint venture hydropower project
  • India and Bhutan inked a pact for the construction of the 600 MW Kholongchhu project, their first hydropower joint venture project in Bhutan’s less advanced eastern region of Trashiyangtse. The project’s “Concession agreement,” which was inked in the presence through video-conference.

Indian Railways inks MoU with RailTel for VSS work at 6049 stations

Indian Railways inks MoU with RailTel for VSS work at 6049 stations
  • Indian Railways has inked a Memorandum of Understanding (MoU) with RailTel, a miniratna PSU under Ministry of Railways, for providing Video Surveillance System (VSS) work at 6049 stations of Category A1, A, B, C , D& E of Indian Railways.

China to accompany UN arms trade treaty to improve ‘Peace and Stability’

China
  • China has decided to accompany a global pact on regulations of arms sales displaying its eagerness to approach the poorly regulated international arms trade after the United States pulled out last year.

Haryana govt and Reliance Jio TV agreement to train 52 lakh students

Jio
  • Haryana government and Reliance Jio TV have started an agreement that is expected to serve around 52 lakh school children in rural areas. This new agreement is made under the Chief Minister’s Distance Education Programme in order to extend education in rural areas without jeopardizing social distancing during the Covid-19 pandemic.

UCO Bank pairs-up with four insurers to sell their products

UCO Bank
  • State-run UCO Bank on 21st June paired up with four insurers to offer different insurance products to its buyers through its network of branches across the country.

Hyundai Motor India pairs-up with HDFC Bank to offer online car loans on Click to Buy

Hyundai Motor India pairs-up with HDFC Bank to offer online car loans on Click to Buy
  • Hyundai Motor India has declared a tie-up with HDFC Bank to offer online auto retail financing solutions to the customers on its Click to Buy digital car-buying. A buyer can purchase any Hyundai vehicle, viz. 2020 Creta, 2020 Verna, Venue, Elite i20, Grand i10 Nios and Santro, through the Click to Buy platform.

Infosys ties-up Amazon’s The Climate Pledge to be net-zero carbon

Infosys
  • Bengaluru-based IT major Infosys Ltd has linked The Climate Pledge, an initiative co-founded by e-commerce firm Amazon and environment firm Global Optimism, to make a commitment to push the Paris Agreement 10 years early.