ICICI Bank, Avenue Supermarts and Reliance Industries to see some action today

29 Nov 2021 Evaluate

ICICI Bank has raised Rs 3595 crore through senior unsecured redeemable long-term bonds in the nature of debentures and allotted 35,950 bonds on private placement basis. The bonds are redeemable at the end of 7 years (redemption date being November 26, 2028). There are no special rights/ privileges attached to the bonds. The bonds carry a coupon of 6.67% p.a. payable annually and were issued at par.

Avenue Supermarts which owns and operates supermarket chain -- DMart is all set to open store in Gurgaon in Haryana from January 26, 2022. The company has leased 43,000 sq ft space in Gurgaon in the project Spaze Edge located in Sector 47, Sohna Road. This is the retail chain’s second store in Haryana.

Reliance Industries’ subsidiary -- Reliance Jio Infocomm (Jio) is all set to increase its tariffs by 20-21% from December 1, in a bid to bring in more revenue from each customer. However, Jio's prices remain slightly lower than rivals Bharti Airtel and Vodafone Idea (Vi) in some plans.

GHCL has signed a MoU (Memorandum of Understanding) with the Government of Tamil Nadu for investing Rs 500 crore in the state. As per the MoU, GHCL will set up 40000 ring spindles in Manaparai, Tiruchirappalli district to produce synthetic and synthetic blended yarn to cater to knitting and weaving segments. It will also install another 40000 Ring Spindles with 24 Knitting Machines in Paravai, Madurai district to produce 100% cotton yarn and knitted fabrics. The company also plans to develop an EHT (extra high tension) power transmission facility in Manaparai location to ensure uninterrupted Power supply.

Salasar Techno Engineering has secured a purchase order worth Rs 170 crore from RITES for Railway Electrification of 25 kV OHE works including TSS General Electrification, Civil Engineering Works including Tower Wagon Shed, Service Buildings, Staff Quarters, Track works, and Signalling & Telecommunication works on existing track of single line section of Udaipur city (Excl.) - Himmatnagor (Excl.) 210 RKM (234.99 TKM) section of Ajmer Division of North Western Railway.

Colgate-Palmolive has introduced a sustainable innovation to the oral care industry with launching of 100 per cent recycled plastic handle toothbrush. The company had recently unveiled the country's first recyclable toothpaste tubes.

Tata Motors has delivered Tata Winger Vaccine Van in Lucknow to support the government vaccination drive, raise awareness, and enhance coverage in rural pockets. The Tata Motors Vaccine Van is built on Tata Winger’s versatile platform and is customized to facilitate smooth vaccination in rural areas and is equipped with enhanced safety features and required medical instruments.

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