Key News - Airtel Ltd, Rasna Private Ltd, Essar Group, Deepak Fertilisers, Larsen & Toubro Ltd, Paytm By ARETE Securities
Key News
Airtel raises price of minimum monthly recharge plan by 57% to Rs 155
Bharti Airtel has increased the price of its minimum recharge for 28 days mobilephone service plan by about 57 per cent to Rs 155 in Haryana and Odisha, according to the company's website and analysts. The company has stopped its minimum recharge plan of Rs 99, under which it offered 200 megabyte of data and calls at the rate of Rs 2.5 paise per second. In Haryana and Odisha, Airtel has now started offering the Rs 155- plan with unlimited calling, 1 GB data and 300 SMSes.
Rasna founder Areez Khambatta suffers cardiac arrest, dies in Ahmedabad
Areez Pirojshaw Khambatta, the founding chairman of the popular drink Rasna, passed away in Ahmedabad due to a cardiac arrest, the company said on Monday. The 85-year-old industrialist, who was suffering from a prolonged illness, passed away on November 19.
Essar concludes $2 bn sale of captive port, power infra assets to AM/NS
Ruia family-run Essar group on Monday said it has concluded the sale of captive ports and power assets located at Hazira in Gujarat and Paradip in Odisha to Arcelor Mittal Nippon Steel India Ltd (AM/NS) for USD 2.05 billion (about Rs 16,500 crore)With the sale, Essar has completed its asset monetisation programme to effectively become debt free.
Deepak Fertilisers, Aarti Industries join hands for Nitric Acid offtake
Industrial chemicals and fertilisers manufacturer Deepak Fertilisers and Petrochemicals Corporation on Monday said it has signed a long-term binding contract with Aarti Industries for offtake and supply of Nitric Acid, valued at over Rs 8,000 croreThe agreement is expected to be executed before the close of this calendar year, DFPCL said in a statement adding that the supply arrangement will come into effect from April 1, 2023.
Larsen & Toubro hires more than 3,000 engineering trainees in FY23
Engineering and construction conglomerate Larsen & Toubro (L&T) on Monday said it has hired more than 3,000 fresh engineering trainees in the current financial year.The onboarding of over 3,000 graduate and postgraduate engineering trainees in the ongoing fiscal marks a more than three-fold rise as against 1,067 trainees last fiscal.
Paytm users can now make UPI payments to mobiles with third-party UPI apps
Paytm Payments Bank Limited (PPBL) has announced that users on the Paytm app will now be able to make UPI payments to mobile numbers across all UPI payment apps, even if the recipient is not registered with Paytm.With this, Paytm app users can instantly send and receive money to and from any mobile number with a registered UPI ID, regardless of who the service provider
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