Dhruv Consultancy, Jindal Stainless and Geojit Financial Services to see some action today

Dhruv Consultancy Services has received the Letter of Acceptance (LoA) for Project Management Consultancy (PMC) Services for upgradation to 2/4 lane with paved shoulders configuration of newly declared NH167A from Nakrekal to Vodervu Section for a length of 81.690KMs (approximately) in the State of Andhra Pradesh from the office of Chief Engineer (R&B) National Highways & CRF, National Highways Wings, Roads & Building Department, Government of Andhra Pradesh, Vijayawada dated December 29, 2021 as received on January 5, 2022 directly by the Company i.e. Dhruv Consultancy Services & in association with Global Infra Solutions & in association with Kaius Consulting.

Jindal Stainless has supplied 2,000-tonne steel for the Kanpur Metro Project. For the project, Jindal Stainless supplied high-quality stainless steel in various tempers (strength levels) to Alstom. The scope of the metro project includes the design and development of 201 coaches. Each coach will require approximately 9-10 metric tonnes of stainless steel.

Geojit Credits, the NBFC arm of leading brokerage firm Geojit Financial Services, has launched a digital platform to offer loans against shares (LAS), thereby becoming the first company to offer LAS digitally to any demat account holder registered with the National Securities Depository (NSDL). This digital LAS facility is designed to provide instant liquidity to investors to help them fund further investments or to meet immediate personal expenses.

ICICI Bank has launched facility for its retail and corporate customers to pay customs duty digitally. The customers can make online payments by selecting ICICI Bank from the list of banks on the website of Indian Customs Electronic Gateway (ICEGATE).

Oil India has transferred 1,85,57,748 equity shares of subsidiary - Numaligarh Refinery in favour of Government of Assam on January 03, 2022 at a consideration of Rs 217.75 per share (total consideration aggregating to Rs 404.09 crore). Post the above transfer, the company's equity shareholding in Numaligarh Refinery is 69.63%.

Coal India (CIL) has incurred a capex of Rs 10,717 crore in the April-December period of the ongoing fiscal, registering a 37.4 per cent year-on-year growth. The capex of the company during April-December period of the last fiscal was at Rs 7,801 crore. The company’s capex spend during the referred period marks 86.3 percent of the progressive target achievement. The capex scale up comes at a time when the Centre has been exhorting the public sector entities to step up their annual capex.

One 97 Communications has launched a ‘Tap to Pay’ feature which enables users to make instant payments through their Paytm registered card by just tapping their phone on a PoS machine. This will be possible even if the phone is locked or there is no mobile data or internet connection. Paytm’s Tap to Pay service is available for both Android and iOS users paying through PoS devices. With the latest Tap to Pay service, Paytm uses its technology to convert the 16-digit primary account number (PAN) of the selected card into a secured transaction code or a 'digital identifier'. This digital identifier ensures that a user’s card details remain only with the user and is not shared with any third party payment processor. When a user visits a retail outlet, they can just tap and pay on the PoS device, without having to share their card details through the transaction.