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Govt Approves Tata's Hydrogen-Based Fuel Cell Buses For Road Worthiness Trials: Report

Tata Motors has received approval from the road transport and highways ministry for road worthiness trials of the company's two hydrogen-powered buses

The hydrogen-based proton exchange membrane (PEM) fuel cell buses are being manufactured by Tata Motors under a special contract for Indian Oil Corporation Limited (IOCL), reports Economic Times.

Earlier in June last year, Tata Motors had bagged an order of 15 hydrogenbased fuel cell buses from the IOCL. Besides, IOCL had also signed an MoU with Tata Motors for two buses for demonstration purposes.

Tata Steel board to consider split of equity shares on May 3

The board of Tata Steel Ltd. will consider a proposal to split its equity shares bearing a face value of Rs 10 apiece, the steelmaker said in an exchange filing

The decision will be subject to regulatory, statutory and shareholder approvals, the company said, without providing details such as the split ratio. Shares of the company last traded at Rs 1,319.5 in Mumbai on April 13. Indian markets were shut on Thursday and Friday for local holidays.

Tata Steel board will also consider the company’s quarterly and annual earnings at the meeting along with a dividend payout, it said.

Govt amends FEMA rules to allow 20% foreign direct investment in LIC

The government has amended rules of the Foreign Exchange Management Act (FEMA), paving the way for up to 20 per cent foreign direct investment in the insurance behemoth LIC

The government is planning to dilute its stake in LIC through the the Initial Public Offering (IPO). LIC in February had filed the Draft Red

ONGC drills three gas wells using new MPD technology in Tripura

ONGC has successfully drilled three gas wells in Tripura by using new technology, a senior company official said on Sunday.

The new technology - Managed Pressure Drilling (MPD) proved to be beneficial in the state because conventional drilling could not be used in these geographical locations, said ONGC Tripura Asset Manager, Tarun Malik while speaking at a function.

Coal India to launch its own e-auction platform, asks bidders to register

Coal India Ltd is set to launch its own e-auction platform, and the mining major has informed new and existing bidders to register on the portal, a top company official said.

At present, the e-auction portal is managed by mjunction and stateowned MSTC Ltd.

E-auction sales account for around 120 million tonnes annually for Coal India, while the rest is sold through fuel supply agreements and other special sales windows.

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