Category: Agreements/MOU

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

June 22, 2020

• 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.

Maruti pairs-up with Karur Vysya Bank for flexible financing schemes

June 19, 2020

• Car market leader Maruti Suzuki India (MSI) on 16th June declared it has partnership with Karur Vysya Bank to extend simpler and flexible financing schemes for new customers.

Maharashtra inks MoUs with domestic and international companies for FDI worth over Rs 16,000 crores

June 17, 2020

• Maharashtra inked 12 Memorandum of Understanding(MoUs) with 12 domestic and international companies for Foreign Direct Investment(FDI) worth over Rs 16,000 crores. It is a part of the Magnetic Maharashtra 2.0 initiative

Facebook, Google and Microsoft ties-up for “Project Protect” to combat online child sexual abuse

June 15, 2020

• Facebook joined Google, Microsoft and 15 other tech companies to declare the formation of “Project Protect”: A plan to fight online child sexual abuse – a renewed commitment and investment from the Technology Coalition growing its scope and impact to defend kids online and guide its work for the next 15 years.

India, Bhutan ink MoU on environment cooperation

June 13, 2020

• Memorandum of Understanding between India and Bhutan for environment security and cooperation in the areas involving air quality, waste, chemical management and climate variation.

GMR inks agreement with Andhra govt to make greenfield airport at Bhogapuram

June 13, 2020

• The Andhra Pradesh government on 12th June inked a concession agreement with GMR Airports Ltd for making a greenfield international airport at Bhogapuram in Vizianagaram district which will be ready by 2023.

Wipro pairs up with IBM to offer Cloud solutions

June 8, 2020

• Wipro has paired up with IBM to assist customers to embark on a hybrid cloud migration journey.
• Through this alliance, Wipro would produce hybrid cloud offerings to support businesses migrate, manage and modify mission-critical operations and applications across public or private cloud and on-premise IT environments.

India, Denmark ink MoU for developing cooperation in power sector

June 8, 2020

• India and Denmark have inked an MoU for developing cooperation in the power sector.
• The MoU inked between the Ministry of Power and the Ministry for Energy, Utilities and Climate, Government of Denmark, is to produce a strong, deep and long-term co-operation between two countries in the power sector on the grounds of equality, reciprocity and mutual benefit.

Yes Bank obtains 24.19% stake in Dish TV

June 2, 2020

• Yes Bank Ltd obtained a 24.19% stake in direct-to-home service provider, Dish TV India Ltd, by invoking pledges against 44.53 equity shares held as collateral with the private donor for a loan.

Airtel Payments Bank pairs up with Mastercard for farmers, SMEs

May 28, 2020

• Airtel Payments Bank has tied-up with Mastercard to generate customized financial products for Indian farmers and Small and Medium Enterprises (SMEs). These financial products mainly for those territories where there is less access to bank administrations.