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JSW Infrastructure commissions Rs 1,300-cr Paradip East Quay coal terminal

JSW Infrastructure has started commercial operations at the Paradip East Quay coal terminal in Odisha, developed at an investment of around Rs 1,300 crore.

The fully-mechanised terminal at Paradip Port has an annual handling capacity of 30 million tonnes. Built as a cape compliant terminal, it can handle capesize vessels once the dredging at the port is completed. The terminal has the capacity to unload 25 rakes per day and can load two vessels simultaneously, the Sajjan Jindal-led company said in a statement on Thursday.

Disney+Hotstar to get 100 original shows as it gains 7.9 mn new subscribers

As content streaming heats up in India, The Walt Disney Company has revealed that it is working on 100 original shows in local content for the country where its Disney+Hotstar OTT platform is currently the leader.

The company, which added 7.9 million new subscribers to Disney+ in the March quarter (Q1), taking the total to 137.9 million, said during the earnings call late on Wednesday that it has about 500 shows in the pipeline for local content outside of the US or English speaking.

Ather Energy raises $128 mn led by NIIF's SOF, Hero MotoCorp & others

Ather Energy, India’s leading electric two-wheeler company, raised $ 128 million on Thursday in a Series E round of funding led by the National Investment and Infrastructure Fund’s (NIIF) Strategic Opportunities Fund (SOF) and Hero MotoCorp, a significant shareholder in Ather, which has again invested and continues to hold its stake at 35 per cent after the fresh infusion, apart from other investors.

While the move does not put Ather in the unicorn club, it definitely brings it within striking distance. The move comes at a time when the electric scooter industry is showing signs of slowing down after heady growth in the last three months- as high as 58 per cent in the month of March over February and 15 per cent in February over January in terms of registrations.

NTPC invites bid to raise Rs 5,000 cr via term-loan to fund capex

State-owned power giant NTPC has invited bids for raising term-loan of up to Rs 5,000 crore, which would be utilised for capital expenditure for ongoing or new electricity generation capacity addition projects.

"Proceeds of the loan shall be utilised towards capital expenditure for ongoing/new capacity addition programme, including the takeover of projects, renewable energy projects, coal mining & washeries, renovation & modernisation program of various projects, refinancing of loans and general corporate purposes etc," as per the request for proposal (RFP) document.

Tata Motors Q4 net loss narrows to Rs 1,033 cr; revenue falls 11%

Passenger vehicle major Tata Motors on Thursday reported narrowing of consolidated net loss (attributable to shareholders of the company) to Rs 1,033 crore for the quarter ending March 31, 2022. It reported consolidated net loss of Rs 7,605 crore in the year-ago period and Rs 1,516 crore in Decemeber quarter. Consolidated revenue declined 11% to Rs 78,439 crore as against Rs 88,628 crore in Q4FY21.

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