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Mahindra Holidays & Resorts to add over 300 rooms by March

Mahindra Holidays & Resorts, which operates under the flagship Club Mahindra brand of membership-only resorts, plans to add over 300 rooms by March to take the overall inventory to 4,500 keys, a top company official has said. The Mahindra group firm had reported the highest quarterly profit of Rs 40.6 crore in the three months to September 2021 amid the pandemic that has hit the hospitality and tourism industry badly.

HFCL gets approval as 'Trusted Source' for telecom providers from NSCS

HFCL Ltd on Monday said it has received approval as a 'Trusted Source' from National Security Council Secretariat (NSCS). With this nod, HFCL has become the 'Trusted Source' for all Indian telecom service providers (TSPs) for sourcing their active network products and infrastructure, and is among few companies to have received the 'trusted sources' approval in the country.

Oil India to set up green hydrogen plant at its oilfield in Assam's Jorhat

Oil India Ltd, the nation's second-largest state-owned oil explorer, is setting up a plant to manufacture green hydrogen at its Jorhat oilfield in Assam, the company said in a statement. "To strengthen its bouquet of clean energy offerings", the company has initiated action for setting up a 100 kW green hydrogen plant at its Pump station-3 in Jorhat, it said. The pilot plant will generate green hydrogen using AEM technology, it said without giving details. "This is a first of its kind project in the country."

Adani Group nears first coal shipment from shunned Australian mine India's

Adani Group is preparing to ship the first coal cargo from Australia's most controversial mine, after battling a seven-year campaign by climate activists and defying a global push away from fossil fuels. The Carmichael mine in outback Queensland state is likely to be the last new thermal coal mine to be built in Australia, the world's biggest coal exporter, but will be a vital source of supply for importers such as power plants in India.

Dues of four airlines to AAI rose over twofold since January 2020

Dues of four major domestic airlines -- IndiGo, SpiceJet, Go First and AirAsia India -- to the Airports Authority of India (AAI) more than doubled between January 2020 and October 2021, according to internal AAI documents. Air India, however, continues to be the domestic carrier with the highest amount of dues to the AAI. As per the documents, Air India's dues to the AAI have increased from Rs 2,183.71 crore as on January 1, 2020, to Rs 2,362.36 crore as on October 31, 2021.

BBB invites applications for position of Union Bank of India MD

The Banks Board Bureau (BBB), the headhunter for state-owned banks and financial institutions, has invited applications for the post of managing director and chief executive director of Union Bank of India for a three-year term. The post of MD and CEO would fall vacant at Mumbai-based Union Bank of India upon retirement of Rajkiran Rai G in May 2022.

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