Reliance Industries, Tata Motors and Wipro to see some action today

Reliance Industries (RIL) has raised $736 million in green loan to fund the acquisition of solar panel maker, REC Solar Holdings. This will be first such financing for the Mukesh Ambani-owned company. REC Solar is the borrower while Reliance New Energy Solar is the guarantor. The loan is a rare acquisition financing from RIL which opted for term loans instead of a short-term bridge facility,

Tata Motors is all set to increase prices of its commercial vehicles from January 1, 2022. An increase in price in the range of 2.5%, will be put into effect across segments – M&HCV, I&LCV, SCV and Bus, basis individual model and variant of the vehicle. The increase in the prices of commodities such as steel, aluminium and other precious metals, in addition to higher costs of other raw materials has incited this price hike commercial vehicles.

Wipro and Celonis have launched Supply Chain Command Center to help organizations drive supply-chain transformation. The solution enables companies to automatically identify and fix process bottlenecks and inefficiencies, gain powerful business insights, open new growth opportunities, manage risks and maintain business continuity even in disruptive times. It improves the supply-chain efficiency by working across the four stages - planning, sourcing, developing and delivering.

Coal India’s (CIL) subsidiary -- Mahanadi Coalfields (MCL) is planning to set up a 50-megawatt (MW) solar power plant in Odisha's Sambalpur district at a cost of Rs 301.92 crore as part of its goal to achieve carbon neutrality by 2024. This project will reduce carbon dioxide emission by 91,020 tonnes per annum and carbon offsets of around 24,824 tonnes per annum. 

Gian Life Care has received approval to enter into Management & Operation Services agreement with KCJ Diagnostic and Research Center to come into effect from December 15, 2021. The said agreement/ tie-up will allow Gian Life Care to mark its presence in the city of Jaipur in the State of Rajasthan. The said agreement is expected to enhance revenue/ turnover of Gian Life Care by approximately Rs 3 crore annually.

Punjab National Bank (PNB) is reportedly planning to raise up to Rs 2,000 crore via additional tier I (AT 1) bonds. This is likely to be followed by State Bank of India’s AT 1 bonds worth Rs 4,000 crore next week.

Kreon Finnancial Services’ number of loan disbursements has increased by 9.38% in the month of November 2021 compared to previous month October 2021. Value of loans disbursed has increased by 10% in the month of November 2021 compared to previous month October 2021 and revenue growth increased by 10.78% in the month of November 2021 compared to previous month October 2021.