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BPCL disinvestment plans stalled as of now: Oil minister Hardeep Puri

The disinvestment plans for Bharat Petroleum Corporation Ltd (BPCL) are not on the table currently, a report by TheEconomic Times (ET) quoted oil and petroleum minister Hardeep Singh Puri as saying.

In May, the centre stopped all the disinvestment-related activities of the public entity. In August, reports stated that the government would soon reinitiate the proceedings. However, the plans seem to be stalled as of now

Adani Ports signs agreement with SPMK to enhance Haldia Dock's capacity

HDC Bulk Terminal Ltd (HBTL), a wholly owned subsidiary of Adani Ports and Special Economic Zone Limited (APSEZ), has signed the concession agreement with Syama Prasad Mookerjee Port, Kolkata (SMPK) for mechanisation of berth no. 2 at Haldia Port. APSEZ was selected as a successful bidder by SMPK earlier in February

The agreement signed today marks APSEZ’s first project in West Bengal. “The mechanization and upgradation of Haldia Bulk Terminal provides us the opportunity to firmly establish APSEZ’s footprint in Bengal," said Karan Adani, CEO and Whole Time Director of APSEZ, in a statement.

Tata Motors expects 20% of domestic PV sales to come from EVs in 3 years

Tata Motors expects 20 per of its total passenger vehicle sales in the domestic market to come from electric vehicles in the next three years, a senior company official said on Thursday.

The company, which has electric models such as Nexon EV and Tigor EV, expects to touch 50,000 units mark in total EV sales this year. It is also working on flex-fuels and expects its product portfolio to be E20 (20 per cent ethanol) compliant by 2025.

Tata Power assures quality power to industries, to invest Rs 5k cr in capex

A day after Odisha Chief Minister Naveen Patnaik appealed to investors from across the country to take advantage of the state's business ecosystem, Tata Power Discoms on Thursday announced to invest Rs 5,000 crore to ensure reliable and quality electricity supply to industries.

This was stated by Tata Power's T&D, President, Sanjay Banga during an interaction with PTI here.

Speciality Restaurants to expand; plans 20-30 cloud kitchens, 6 restaurants Speciality Restaurants,

which owns and operates brands like Mainland China, Oh! Calcutta, Hoppipola, will add 20-30 cloud kitchens over the next 18 months with the delivery model sustaining even with a receding Covid-19 pandemic.

The Covid-19 pandemic had sent Speciality – which operated on a dine-in model – to the drawing board. The company took a host of initiatives to make things work, from streamlining operations to cutting costs and focusing on the delivery vertical.

Two-wheeler maker Eicher Motors joins Rs 1-trn market capitalisation club

Two-wheeler-maker Eicher Motors Ltd on Thursday joined the Rs 1 trillion market capitalisation club during the intra-day trade. The shares of Eicher Motors - that rolls out the 350cc Bullet and other brands of higher capacity bikes - on Thursday opened at Rs 3,541.30, touched a high of Rs 3,670.90, and closed at Rs.3,622.50.

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