Amara Raja Energy & Mobility

Hyundai Motor India (HMIL) will equip its domestic product lineup with AMARON’s AGM (Absorbent Glass Mat) battery technology. The batteries will be used as SLI (Starting, Lighting, and Ignition) batteries and will be procured under HMIL’s existing procurement agreement with Amara Raja Energy & Mobility.

Exide Industries

The company's subsidiary, Exide Energy Solutions, has executed a binding term sheet with Hyundai Motor India for the production and supply of battery cells for Hyundai Motor's electric vehicles.

Tolins Tyres

The Board has approved the appointment of CMA Sojan C S as the Chief Financial Officer of the company, effective December 19, 2024.

KPI Green Energy

The company has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan for the development of hybrid solar and wind power projects in Jaisalmer, Rajasthan.

InterGlobe Aviation

The Board has approved the grant of a loan of up to $43 million to the company’s subsidiary, InterGlobe Aviation Financial Services IFSC.

Zodiac Energy

The company has received its first international rooftop order worth $720,626 from Kitwe, Zambia. The order involves designing, engineering, supplying, installing, testing, and commissioning a grid-tied 2 MWp rooftop solar system with a battery energy storage system for Strongpak.

AU Small Finance Bank

The Reserve Bank of India (RBI) has approved the re-appointment of Harun Rashid Khan as the Part-time Chairman of AU Small Finance Bank for three years, effective December 28, 2024.

Mufin Green Finance

The company has entered into a finance agreement with the United States International Development Finance Corporation, a U.S. government development finance institution, for availing a loan facility of up to $18 million.

EPL

The Board has granted its approval for the incorporation of a subsidiary in Thailand.

HG Infra Engineering

Dr. Yash Pal Soni has been appointed as the Chief Information Officer of the company, effective January 20, 2025.

BASF India

The Board has given in-principle approval for the demerger of the company’s agricultural solutions business into a separate listed legal entity. This will enable operational flexibility, leverage differentiated steering, and create value. The agricultural solutions business generated sales of Rs 2,006.46 crore, representing 14.57% of the total revenues of the company in FY24.

Hyundai Motor India

The Board has approved the re-appointment of Unsoo Kim as Managing Director of the company for three years, effective January 25, 2025.

Bharti Airtel

The telecom operator has prepaid Rs 3,626 crore to the Department of Telecom, clearing all its liabilities for the spectrum it had acquired in 2016. With this, Airtel has now prepaid all its spectrum dues that had interest costs higher than 8.65%. Airtel has prepaid a total of Rs 28,320 crore of spectrum liabilities in 2024.

New India Assurance Company

Lavanya Mundayur has been elevated to the position of Chairman and Managing Director (CMD) of Agriculture Insurance Company of India. At the time of elevation, Lavanya Mundayur was the General Manager of New India Assurance Company.

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