Tata Power today said that its consumer base has increased to two million in financial year 2015, which includes 0.61 million in Mumbai and 1.44 million users in Delhi.
"The company has increased its consumer base to two million consumers in FY15, achieving 0.61 million consumers in Mumbai and over 1.44 million in Delhi," the company said in a press release.
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CMI Ltd posts over twofold jump in Q1 net at Rs 2.83 crore * Cables manufacturer CMI Ltd has posted over twofold growth in its standalone net profit to Rs 2.83 crore in the first quarter ended on June 30 as against Rs 1.05 crore of the same quarter last fiscal.
CMI's total income from operation during the quarter under review was up 59.7 per cent to Rs 45.32 crore as against Rs 28.38 crore of Q1 of FY 2014-15.
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Uninor appoints new CFO, Chief HR Officer * Telewings Communications Services, which offers telecom services under the Uninor brand name, today said it has made two key appointments, roping in Suresh Bagrodia as Chief Financial Officer (CFO) and Quazi Mohammad Shahed as Chief Human Resource Officer (CHRO).
Both Bagrodia and Shahed will be based at Uninor's corporate office in Gurgaon, Uninor said in a statement.
"Suresh brings good finance management experience with right capabilities to set up a robust financial reporting process, policies and controls... I am confident he will be able to establish an efficient financial discipline," Telewings Communications Services CEO Vivek Sood said.
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Reliance Life launches new 'Increasing Income Insurance Plan' * Reliance Life Insurance Company (RLIC), part of Reliance Capital, today launched a traditional non-participating plan -- Increasing Income Insurance Plan -- which secures an assured source of monthly income.
The plan offers a long-term regular monthly income after the end of premium payment term that increases every year at 3 per cent under the Income with Maturity Benefit option and 6 per cent under Only Income option, RLIC said in a release issued here.
"We have designed this plan that will provide a long-term income which increases every year. From the protection perspective, the life insurance benefits along with the savings component make Reliance Increasing Income a very relevant proposition," RLIC Chief Agency Officer Manoranjan Sahoo said.
