HUDCO inks agreement with YEIDA for various projects
M Nagaraj, CMD, Housing & Urban Development Corporation (HUDCO), and Dr Arunvir Singh, CEO, Yamuna Expressway Industrial Development Authority (YEIDA), have signed an MoU for providing financial assistance to the tune of over Rs 4,000 crore for various projects adjoining the upcoming International Airport at Jewar, Uttar Pradesh. These would include land acquisition, development of industrial estates, electronic city, housing projects and associated infrastructure development on both sides of the Yamuna expressway over the next 3 years.
Credence Medicure launches online medical consultation
In continuation of its commitment to fight against the Covid pandemic, Credence Medicure Corporation — a telemedicine and medical travel healthcare information technology company — has launched online medical consultation globally. The company’s portal https://portal.credencemedicure.com/) is designed to provide the patient with adequate information to choose a medical practitioner or a health care provider. Patients across the globe can sign up free and create an account on the portal.
PFC gives Rs2.38 cr to IIT-Kanpur under CSR
Power Finance Corporation (PFC) has signed an agreement with the Indian Institute of Technology, Kanpur (IIT-K), for training, research and entrepreneurship development in Smart Grid Technology. Under the agreement, the PFC will provide financial assistance of Rs 2.38 crore to the IIT-K under its CSR initiative. R Murahari, Executive Director, PFC, said the objective of the pact is to provide support to the IIT-K in developing infrastructure for research and development on smart grid technology.
SCOPE, German firm to train PSEs on climate change
The Standing Conference of Public Enterprises (SCOPE) — an apex body of public sector enterprises (PSEs) — and GIZ Germany — a German public-benefit federal enterprise — have announced the launch of capacity gap assessment study for the PSEs in India to build their capacity on issues related to climate change, including climate policy, finance, and carbon pricing. The study shall be followed by a training module which will be developed based on the pre-assessment survey and review of national and international best practices to mitigate carbon emissions.
LIC’s new business performance records 25.17% growth in FY20
Life Insurance Corporation of India (LIC of India) has announced its audited figures for the year ended March 2020. New business performance for the year ending March 2020 has shown a growth of 25.17% in its first year premium by posting a highest ever figure of Rs 1,77,977.07 crore. Pension & Group Superannuation Business created history by crossing Rs 1 lakh crore and collecting Rs 1,26,696.21 crore as new business premium income as against Rs 90848.86 crore in the corresponding period previous year, showing a growth of 39.46%.
McDonald’s launches ‘Big Hug’ campaign
McDonald’s India has introduced double patty variants in its all-time favourites burgers which include two patties hugging each other. The company has launched the ‘Big Hug’ campaign highlighting people’s emotional desire of hugging their loved ones. The new burgers are named as ‘Big Hug’ burgers. It has introduced whole wheat buns in its restaurants.
Bonn Group launches range of cakes, cookies
Bonn Group of Industries has come up with an exclusive range of cakes and cookies. The range will contain all premium products of the brand, including LA Americana Cakes and cookies like butter scotch cake, choco vanilla cake, lemon cake, red velvet cake, oatmeal cookies, almond raisin cookies and choco chunk cookies.
Sonalika Tractors records highest-ever domestic growth
Sonalika Tractors has recorded the highest-ever growth of 71.7% in July by selling 10,223 units, including exports. Domestic sales stood at 8,219 units as compared to 4,788 in the same period last year.
Apeejay Institute of Mgmt & Engg bags top rankings
Apeejay Institute of Management & Engineering, Technical Campus, Jalandhar, has achieved yet another milestone by bagging top rankings in Times Engineering Institute Survey 2020. It has got first rank in Punjab, fourth in North India and sixth in the country’s top emerging engineering institute category.
Malabar Gold & Diamonds opens outlet in Chandigarh
Malabar Gold & Diamonds — an Indian jewellery brand with global acceptance having a strong retail network of over 260 outlets — has opened a new showroom in Chandigarh. It offers a large collection of modern, stylish, traditional and contemporary designer jewellery. As part of the inaugural offer, customers will get a gold coin free with every purchase worth Rs 25,000.
