Reliance Industries, Aster DM Healthcare and Axis Bank to see some action today

Reliance Industries’ (RIL) telecom arm -- Reliance Jio Infocomm (Jio) has expanded the reach of its 4G services in Ladakh region to a village close to Pangong lake, an area which has been a friction point between India and China in recent years. The telecom operator became the first network to provide 4G mobile connectivity in and around the Pangong area, a popular tourist destination.

Aster DM Healthcare has commenced drone delivery trials with drone technology-based logistics firm Skye Air Mobility in Kerala. The companies recently joined hands to transport essential medicine and critical lab samples from Aster MIMS Hospital to Aster Mother Hospital Areekode using drones. Aster DM Healthcare will leverage Skye Air's drone technology for delivery of diagnostic samples and medicines initially in Calicut and further across Kerala.

Axis Bank and Indian Oil Corporation (IOC) in partnership with National Payments Corporation of India (NPCI), have launched a co-branded contactless INDIANOIL AXIS BANK RuPay Credit Card. Apart from a surcharge waiver at fuel outlets and cashback on fuel spends, the credit card comes with a host of other benefits on everyday transactions through accelerated reward points, instant discount on movie tickets, and dining delights at partner restaurants.

Indian Railway Catering and Tourism Corporation (IRCTC) has allowed booking up to 24 train tickets a month for user IDs linked to Aadhaar. People can now book 24 train tickets in a month on the IRCTC website and app if their user ID is linked to Aadhaar, otherwise only 12 tickets can be bought.

Cineline India has made a comeback in the movie exhibition business under a new brand, MovieMax, and aims to grown PAN India in the cinema space. Under the new brand, it successfully started operations from April 1, 2022. The Company has announced that the Board of Directors, in its meeting approved the issuance of up to 27,00,000 warrants each convertible into, or exchangeable for, one equity share within the period of 18 months at a price of Rs 130/- each aggregating upto Rs 35.10 crores to the Members of the Promoter Group by way of preferential issue. The Preferential issue is subject to necessary regulatory and shareholder approvals.

India Pesticides, one of the fastest growing agro-chemical companies in terms of volume of technical manufacturing, has announced launch of New Intermediate on May 30, 2022. The company launched first phase of its backward integration for Pretilachlor Technical of 2000 TPA. This will be manufactured in its existing facility at Sandila Plant, which will further safeguard it from any supply chain challenge of the intermediate which is largely imported.  The company is planning to expand it further in the FY 2022-23.  The primarily application for the chemical is as herbicide for rice plantation.

JSW Steel has reportedly commissioned a 0.30 million tonne one-of-its-kind ‘Steel-Slag Sand’ plant at Vijayanagar Works in Karnataka on World Environment Day. The plant will mitigate the slag disposal problem and provide low-cost, eco-friendly sand for construction purposes.