Race Eco Chain, Indian Oil Corporation and Unicommerce Esolutions to see some action today

Race Eco Chain’s board has approved the Investment of Rs 5.21 lakh by subscribing 52100 equity Shares of Rs 10 each of Silverline Eco Thrive. Further, pursuant to the above acquisition of shares, Silverline Eco Thrive will become a Subsidiary of the company with 51.02% ownership stake. The Board of the Directors in its Meeting held on October 3, 2024 has approved the same. 

In a significant step toward enhancing bilateral cooperation and energy security, Indian Oil Corporation (IOC) and Nepal Oil Corporation (NOC) have signed a Business to Business (B2B) Framework Agreement, paving the way for the development of critical petroleum infrastructure projects in Nepal. This agreement follows the Government-to-Government (G2G) Memorandum of Understanding (MoU) signed earlier between India’s MoP&NG and Nepal’s Ministry of Industry, Commerce and Supplies (MoICS) on May 31, 2023. The G2G MoU encompasses the extension of the Motihari - Amlekhgunj Petroleum Pipeline (MAPL) - South Asia's first transnational petroleum product pipeline, commissioned in 2019 - to Chitwan, Nepal. Additionally, the MoU covers the construction of oil storage terminals at Chitwan and a new transnational pipeline from IOC’s facility in Siliguri to Jhapa alongside an oil storage terminal at Jhapa. 

VIP Industries, one of Asia’s leading manufacturers and retailers of luggage products, backpacks and handbags, has partnered with Unicommerce Esolutions to streamline its post-purchase ecommerce operations. The collaboration will enable VIP Industries to process orders faster across various online channels using a single, integrated dashboard. VIP Industries has adopted Unicommerce’s Multichannel Order Management and Warehouse Management Systems to automate order processing on its own brand website and across multiple marketplaces on which the brand sells its extensive and popular range of travel products. By simplifying its warehouse operations, VIP Bags will ensure faster and more accurate deliveries of its products. 

Oriental Rail Infrastructure has secured order worth Rs 3.68 crore from Western Railways (WR), Mahalaxmi, Indian Railways for supply and Fitment of Stainless Steel 3-Seater/2-Seater Seat in Siemens type Coaches. The said order is expected to be completed by October 30, 2025. 

Refex Industries (RIL) has proposed to raise funds to the tune of Rs 927.81 crore, by way of preferential issue of equity and convertible warrants, to certain investors, under ‘promoter’ and ‘non-promoter’ category. This significant fund-raising initiative underscores the company’s commitment to sustainability & innovation across its business verticals. The funds raised will be strategically utilized for investments in subsidiary companies, capital expenditures, working capital needs, repayment of existing loans, and general corporate purposes.

Ola Electric, India’s largest pure-play EV company, has launched its BOSS - Biggest Ola Season Sale - campaign for the festive season. Under the campaign, the company has announced entry into its S1 portfolio for as low as Rs 49,999. Additionally, the company has introduced festive benefits of up to Rs 40,000, which include Hypercharging credits, MoveOS+ upgrade, exclusive deals on accessories & Care+ coupled with irresistible exciting offers.

Muthoot Finance has partnered with Google to offer gold-backed loans via GPay. This marks Google's expansion into the financial services sector in India. Additionally, the introduction of the AI assistant Gemini Live in multiple Indian languages reflects Google's commitment to enhancing its market presence in the country.