Tech Mahindra, Adani Green Energy and Cupid to see some action today

06 Nov 2020 Evaluate

Tech Mahindra and Subex have entered into strategic partnership to roll-out blockchain based solutions for telecom operators globally. These solutions will enable fraud mitigation and drive operational efficiencies for communication service providers (CSP) by reducing compliance complexities and faster time-to-market. The partnership will enable real-time reconciliation reports with summarized data to minimise discrepancies, leading to reduction of multiple validations and quick dispute resolution through tamper-proof verifiable transactions.

Adani Green Energy’s (AGEL) step-down subsidiary -- Adani Solar Energy Jodhpur Two has commissioned its 50 MW Solar Power Project as an Independent Power Producer (IPP) for sale of power to third parties or on power exchange. With this, 2,850 MW of AGEL's renewable energy projects are operational. AGEL has total 14,195 MW portfolio of renewable capacity in India, out of which 11,345 MW projects are under implementation.

Cupid is expanding its Manufacturing base to medical diagnostic test which included Rapid diagnostics tests and ELISA tests both for domestic and exports. The company sees Manufacturing of quality diagnostic kits as a rewarding prospect in India supporting self-reliant India and manufacturing base of supply of quality kits to global companies. Rapid diagnostic tests (RDTs) are inexpensive, membrane-based and disposable assays that offer visible proof of the presence of liquid analyte sample. An enzyme-linked immunosorbent assay, also called ELISA or EIA, is a test that detects and measures antibodies in blood.

Mahindra Logistics has launched over 7.5 lakh sq ft area to its existing 'built-to-suit' warehousing capacity in Hyderabad and Chennai, besides creating an additional 10 lakh sq ft flex warehousing space ahead of the festive season. The facilities allow the company to provide flexible and scalable fulfillment and integrated distribution solutions. The company has also deepened its focus by launching new solutions like returns processing, pop-up sort centres and integrated distribution services for its clients.

InterGlobe Aviation (IndiGo) has become the first low-cost segment airline in the country to use IATA Financial Gateway (IFG) for billing and settlement in overseas point of sales. In the first phase, the facility is being offered in the United Arab Emirates, Qatar and the UK. The facility, which is aimed at increasing distribution and making the sales process seamless, has come into effect from November 4, 2020 in the notified markets. IndiGo plans to extend the mechanism to eight other overseas markets going forward.

Mahindra & Mahindra (M&M) has announced various benefits, including an additional cash discount of up to Rs 11,500, lower interest rates and easy EMIs, for government employees on its vehicle purchases. Under the 'Sarcar 2.0' programme, all government employees are eligible for additional cash discounts of up to Rs 11,500, zero processing and foreclosure fee, and lower interest rates starting from 7.25 per cent.

This festive season, Bajaj Finserv has partnered with Reliance Digital to bring exclusive deals on latest electronics, gadgets, accessories, household appliances, mobiles, laptops etc. Customers can enjoy these rewarding offers on a variety of products when they shop at any of the Reliance Digital stores by availing hassle-free finance from Bajaj Finance (BFL), the lending arm of Bajaj Finserv. These offers are available to customers across all Reliance Digital stores in India.

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