1. Home
  2. Business & Finance

Business & Finance

JSW Steel, Japan’s JFE Steel ink agreement to manufacture electrical steel in India – EQ Mag

The JV shall be able to manufacture the entire range of CRGO products at its proposed facilities at Vijayanagar, Karnataka JSW Steel, on Monday, announced that it has reached an in-principle agreement with Japan’s JFE Steel to establish a 50:50 joint venture company to manufacture cold-rolled grain-oriented (CRGO) electrical steel in India. In a regulatory […]

Smart meter maker Genus gets $49.5 mn funding from US International Development Finance Corp – EQ Mag

Smart meter maker Genus Power Infrastructures has received $49.5 million funding from the US International Development Finance Corporation, the company’s Joint MD Jitendra Kumar Agarwal said. The proceeds will be used to scale up the company’s capacity to manufacture new age meters, he told PTI. The government is implementing the smart metering project nationally under […]

Zhongkehualian Signs Agreement to Invest RMB 5 Billion in New Base for Manufacturing Battery Separators – EQ Mag

Separator is one of the four key component in a Li-ion battery; and this year, companies that are involved in the manufacturing of separators and related materials have initiated capacity expansion projects. Qingdao Zhongkehualian New Material, for instance, has just signed an agreement to invest RMB 5 billion in a new base for manufacturing wet […]

Reliance Power proposes settlement of Rs 1,200 crore to Vidarbha Inds lenders – EQ Mag

Anil Ambani-promoted Reliance Power has proposed a one-time settlement (OTS) of ₹1,200 crore to the lenders of Vidarbha Industries Power to settle its debt, said two sources aware of the development. Reliance Power’s OTS offer is supported by global alternative investment firm Varde Partners, one source said. In September 2022, Reliance Power entered into an […]

PM Modi, Brazilian President Lula discuss ways to further deepen bilateral strategic partnership – EQ Mag

Hiroshima : Prime Minister Narendra Modi on Sunday held productive and wide-ranging talks with Brazilian President Inacio Lula da Silva during which they discussed ways to further deepen the bilateral strategic partnership, especially in sectors of defence production, trade and renewable energy. Modi and Lula met on the sidelines of the summit of the G7 […]