Reliance seeks $2 billion loan for expansion plans

NSE-listed companies' CSR spending reached Rs 155.24 bn in FY23

India Inc.'s corporate social responsibility (CSR) spends reportedly increased by 5% from Rs 148.16 billion in FY22 to Rs 155.24 billion in FY23 across 1,296 NSE-listed companies. It was highlighted that HDFC Bank (Rs 8.20 billion), Tata Consultancy Services (Rs 7.83 billion), and Reliance Industries (Rs 7.44 billion) were the top contributors in this regard.

It was noted that ten companies, including the aforementioned three, collectively contributed to 33% of the total CSR expenditure in FY23, as per data exclusively shared with ET by primeinfobase.com, an initiative of Prime Databas..

RIL to lead Rs 1 tn investment in Kandla's green units

Reliance Industries (RIL) and Larsen and Toubro (L&T) as well as energy companies Greenko Group and Welspun New Energy are planning to establish green hydrogen and green ammonia units at Gujarat?s Deendayal Port Authority (DPA) in Kandla. Three industry executives, who are knowledgeable about the matter, have indicated that the project might witness a cumulative investment of up to Rs 1 trillion. They have highlighted that this investment would rank among the largest in the sector and the energy infrastructure domain in India.

It has been conveyed that the port authority had received e..

Reliance Sikka Port Ship collides with BPCL facility in US

The oil tanker Hafnia Seine, en route from Sikka port in Western India to the United States, had collided with Bharat Petroleum Corp's (BPCL) crude import facility on Sunday. The tanker, transporting alkylate, a gasoline-blending fuel for Reliance Industries' US unit from a refinery in Jamnagar, Gujarat, had hit the peripheral structure of the single point mooring (SPM). The extent of the damage remains unknown at this time.

There is no vessel currently scheduled to discharge at the SPM. It's noteworthy that BPCL possesses a single point mooring at Sikka for importing crude to its Bina..

TVS Motor Unveils Electric Two-Wheeler

TVS Motor Company, a leading two-wheeler manufacturer in India, has unveiled its latest addition to the electric vehicle segment with the launch of the TVS iQube Electric in Bengaluru. This move marks the company's foray into the burgeoning electric vehicle market, aligning with the global shift towards sustainable mobility solutions.

The TVS iQube Electric promises to redefine urban commuting with its advanced technology and eco-friendly features. Boasting a sleek design and compact structure, the electric scooter is tailored to meet the evolving needs of urban commuters, offering a s..

Chinese EV Giant Leapmotor Eyes Indian Market

Chinese electric vehicle (EV) manufacturer Leapmotor is poised to make a significant entry into the Indian market in the third quarter of the 2024-25 fiscal year. With India rapidly transitioning towards electric mobility, Leapmotor's arrival could mark a pivotal moment in the country's automotive industry.

Leapmotor's decision to venture into India underscores the growing appeal of the country as a lucrative market for EV manufacturers worldwide. As one of the world's largest automotive markets, India presents immense opportunities for companies looking to capitalise on the increasing..