Power Grid Corporation, Birlasoft and Tata Motors to see some action today

HDFC Bank Ltd. | Bank - Private | BFSI | BSE: 500180 | NSE: HDFCBANK

09 Jun 2021 Evaluate

Power Grid Corporation, pursuant to its selection as the successful bidder under Tariff based competitive bidding, has acquired Sikar-II Aligarh Transmission (SATL), the Project SPV to establish Transmission System Strengthening Scheme for Evacuation of Power from Solar Energy Zones in Rajasthan (8.1 GW) under Phase-II Part-D, on build, own, operate and maintain (BOOM) basis from the Bid Process Coordinator - PFC Consulting.

Birlasoft has partnered with Regulativ.ai, to co-develop a new AI/ML-based cyber-regulatory reporting platform. In alignment with Birlasoft’s strategy to ensure customers realize utmost value from their digital transformation initiatives, the co-developed platform will help regulated enterprises gain a deeper understanding of their cyber regulatory compliance risks and provide them with actionable reports to mitigate risks and ensure compliance.

Tata Motors has incorporated a new subsidiary to provide end-to-end services of operating, repair, annual maintenance contracts (AMC) and fleet management services (FMS) for its product range, including electric vehicles. The new wholly-owned subsidiary has been christened as ‘TML CV Mobility Solutions’.

Adani Enterprises has incorporated a wholly-owned subsidiary company namely Mundra Windtech (MWL) on June 7, 2021. The company has been incorporated ''to carry on business as manufacturers of wind turbine generators and other auxiliaries.

Tata Power Company's proposed purchase of 51 percent stake each in three power utilities in Odisha has been cleared by fair trade regulator the Competition Commission of India (CCI). The company is to buy the stakes in Western Electricity Supply Company of Odisha (WESCO), Southern Electricity Supply Company of Odisha Ltd (SOUTHCO) and Central Electricity Supply Company of Odisha (CESCO).

ICICI Prudential Life Insurance Company has declared its highest-ever annual bonus of Rs 867 crore for the policyholders for FY21. The bonus declared is the highest ever by the company till date and is also 10 percent higher than the bonus announced in the last fiscal. A total of 9.8 lakh participating policyholders will benefit from this, taking them closer to their long-term financial goals. This is the company's 15th consecutive year of declaring a bonus.

Karnataka Industrial Area Development Board (KIADB) has signed a Memorandum of Understanding (MoU) with HDFC Bank. As part of the MoU, HDFC Bank will provide a wide range of financial products and services to its customers through an extensive network of branches across the country.

HDFC Bank Share Price

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Company Name	CMP
HDFC Bank	795.85
ICICI Bank	1278.85
Axis Bank	1292.35
Kotak Mahindra Bank	380.65
Indusind Bank	949.00
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