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Mahindra Lifespaces to buy land parcels with Rs 3k-crore sales value

Realty firm Mahindra Lifespace Developers is looking to acquire a few land parcels this fiscal to build housing projects with sales potential of Rs 3,000- 4,000 crore, a top company official said. The company will acquire these land parcels either through outright purchase or by forming Joint Development Agreements (JDAs) with landowners.

Redington India to retail iPhone 14, Apple Watch series 8 across locations

Supply chain solutions provider Redington India is to offer the latest Apple Inc. products - the iPhone 14 and 14 Plus - in over 4,000 retail locations acrossthe country, the company said on Sunday. Redington has partnered with private sector HDFC Bank to offer various schemes to the new range of iPhones, the Chennai-based company said in a statement.

Reliance Infrastructure files Rs 13K-crore claim in Adani power deal

Reliance Infrastructure (RInfra) has filed an arbitration claim of Rs 13,400 crore against Adani Group in the Mumbai Centre for International Arbitration (MCIA). Reliance cited a breach of a December 2017 share purchase agreement relating to the transfer of its Mumbai power distribution business to Adani Transmission. “The financial implication cannot be ascertained and is contingent upon the final outcome of arbitration and subsequent legal challenges,” the Anil Ambani Group company said in a filing with the stock exchanges on Friday. RInfra did not give any details of the dispute.

Jindal Stainless Ltd taking measures to reduce carbon emissions: MD

Jindal Stainless Limited (JSL) is taking a host of measures to reduce carbon emissions of its present and planned capacities, which includes setting up renewable energy capacities, Managing Director Abhyuday Jindal said. During FY22, JSL reduced its carbon emissions by 3,100 metric tonnes and initiated a switch from a thermal energy-intensive manufacturing setup to renewable energy alternatives such as solar and wind power, Jindal told PTI during an interaction

Kotak Securities buys investment platform for advisors, MF distributors

Kotak Securities said it is acquiring all the assets of Bengaluru-headquartered start-up FundExpert Fintech, a digital multi-asset wealth management platform for independent financial advisors (IFA) and mutual fund distributors. Over 2,300 distributors use the FundExpert platform to manage mutual fund portfolios worth more than Rs 15,000 crore, Kotak Securities said in a release.

Air India goes on a digitisation drive to enhance its efficiency

Air India is digitising all its documents and files for easier record retrieval and efficiency as it moves to a new office in the Delhi-NCR. “Our move to the new office is a welcome opportunity to keep up with the digital ways of working. To digitise our documents, we are onboarding a vendor to help us digitise all our files in the next few weeks,” wrote Suresh Dutt Tripathi, Air India’s chief human resources officer in a note to employees.

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