Tata Power Expands Renewable Energy Initiatives
Tata Power has significantly advanced its renewable energy portfolio by inviting bids for the supply of wind turbines. This initiative aims for over 3 gigawatts capacity to be installed at its wind-solar hybrid facilities across the country over the next 3-5 years. This expansion is a vital step towards increasing renewable energy production and aligns with India’s sustainability goals.
Infosys Strengthens Collaboration with Old National Bank
In another noteworthy development, Infosys has expanded its four-year collaboration with Old National Bank, the sixth largest commercial bank based in the Middle East. This partnership is designed to enhance innovative banking solutions and improve customer experiences, illustrating Infosys’s commitment to empowering financial institutions through technology.
LTIMindtree Launches New Digital Transformation Platform
LTIMindtree has informed the stock exchange about the launch of its new comprehensive digital transformation and ESG platform, named Smartphones Spaces 2.0. The platform aims to support businesses in their digital journeys while adhering to environmental, social, and governance standards—a growing priority in today’s business landscape.
Vodafone Idea’s Ongoing Discussions with the Department of Telecom
Vodafone Idea remains in discussion with the Department of Telecom (DoT) regarding the removal of bank guarantee requirements for spectrum acquired before 2022. This effort could enhance financial flexibility, allowing Vodafone Idea to focus on improving its services and network infrastructure.
Biocon Biologics Secures $300 Million Loan
Lastly, Biocon Biologics has successfully secured a $300 million, five-year floating-rate loan, underwritten by HSBC and Mizuho Bank. This funding is part of its larger $1.1 billion debt refinancing strategy for the acquisition of Viatris’ biosimilars business two years ago, helping Biocon strengthen its position in the biosimilars market.