Tata Power, Rajesh Exports and Thomas Cook to see some action today

Tata Power’s wholly-owned subsidiary -- Tata Power Solar Systems has expanded its manufacturing capacity of Cells and Modules to 1,100 MW. The expansion is based on the significant increase in demand that the company has seen for its solar modules, as well as the expected increase in demand due to supportive policy steps announced recently by the Government of India for creating ‘Atmanirbhar Bharat’ (Self-Reliant India). Tata Power Solar’s manufacturing plant in Bengaluru is India’s premier integrated cell and module manufacturing facility that meets the highest industry standards.

Rajesh Exports has bagged a first major prestigious order post Covid worth Rs. 745 crore of designer range of gold jewellery from Germany. The said order is to be completed by July, 2021. The company will be executing the order from its own manufacturing facilities, which are the world’s largest gold manufacturing facilities. These facilities have processing capacity of 250 tons of jewellery and gold products per annum. Company is confident of executing this order well within the time frame on the back of its expertise, skilled craftsmen, artisans & its exceptionally strong backward integrated infrastructure.

Thomas Cook (India) has expanded its footprint in Uttar Pradesh with the launch of a new Gold Circle Partner franchise outlet in Varanasi. This expansion augments Thomas Cook India’s distribution and reach in Uttar Pradesh to 7 consumer access centres: 1 owned branch and 6 Gold Circle Partner (franchise) outlets – across Lucknow, Kanpur, Meerut, Ghaziabad, Prayagraj and Varanasi. The company has set up its Varanasi outlet to offer end-to-end travel solutions, including: international & domestic holidays (group tours, personalised holidays, cruises, etc.), travel Insurance and visa services.

Ashok Leyland has decided to form two new subsidiaries as part of its plans to strengthen green transport solutions. The company through its subsidiary Switch Mobility, the UK-based electric vehicle producer of buses and vans, is creating two units. The first unit -- Switch Mobility Automotive -- is being formed to carry on the electric vehicle strategy in India and forms part of its global entity. The second subsidiary -- OHM Global Mobility -- will focus on providing mobility as a service offering.

AGC Networks has completed the acquisition of a majority stake in Z Services HQ DMCC, UAE (Z Services HQ) through its indirect subsidiary – Black Box Holdings Cayman Islands.  Z Services HQ is a Cyber security cloud services provider, offering Secure Access Service Edge (SASE), Unified Cloud security, Email Cloud Security / Archiving, Cloud Access Security Broker (CASB), Secure Public Wifi Cloud Services, Cyber Security Awareness Cloud Services, End point detection and response cloud services, combined with service implementation and digital transformation professional services.

Jana Small Finance has tied up with Axis Bank’s subsidiary company -- Axis Securities to offer investment services through 3-in-1 account. The 3-in-1 account integrates Savings Bank Account maintained by Jana Small Finance Bank & Demat and Trading Accounts maintained by Axis Securities.

IIFL Securities has begun activation of 11 lakh frozen Karvy Stock Broking's demat accounts and the account holders can now trade or invest on its platform. IIFL Securities won the official bid to acquire all demat accounts held by Karvy Stock Broking with National Securities Depository and Central Depository Services.