Tata Power Solar has commissioned a 12 MW solar rooftop project for Radha Soami Satsang Beas Educational and Environmental Society (RSSB-EES) in Amritsar.
"Built across 8 sheltered venues in a single premise at the Radha Soami Satsang Beas (RSSB) - Dera Baba Jaimal Singh in Amritsar, the project is the largest solar rooftop plant in the world, set up in a single phase," Tata Power Solar said in a press release today.
According to the statement, the plant will produce more than 150 lakh units of power annually and offset over 19,000 tonnes of carbon emissions every year.
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Fujifilm partners Flipkart for retailing Instax products * Digital imaging firm Fujifilm has tied-up with leading e-commerce player Flipkart for the exclusive retailing of its newly launched Instax mini range products and the smartphone printer.
"We are highly enthusiastic about our partnership with Flipkart, and are expecting strategic benefits in terms of developing extensive reach and creating more value proposition to our patrons," Fujifilm India MD Yasunobu Nishiyama said in a statement today.
"Since, the newly launched Instax mini range products are unique to the Indian market and Fujifilm being the trend setter, we are keen to capture the required eyes balls of our consumers through this association," Nishiyama added.
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Preethi Appliances to offer free service camps for flood hit * Kitchen appliances manufacturer Preethi will hold free service camps of its products for flood-hit victims in city and its neighbouring areas.
Preethi would provide free service for its products, irrespective whether it is within warranty or not and replace motors, heating units or PCB at 50 per cent discounted price, a company statement said.
Gamesa Electric bags solar photovoltaic project in Hondurus
* Spain-based wind turbine manufacturer Gamesa Electric has bagged a solar photovoltaic project, involving supply of solar power stations and controls for a 53,31 MWp project in Hondurus.
"This project is signed two and a half months after our former 50MWdc plant in the Philippines and adds to the 32MWp in Panama, 23,5MWp in UK and 10MWp in India recently announced by the company, which joins to a total accumulated order backlog of more than 275MWp in the last one and a half year," it said in a statement.
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MCX in pact with Chitkara Univ for financial education * Commodity exchange MCX today signed an agreement with Punjab's Chitkara University for supporting financial literacy among its students.
"The initiative is directed towards imparting education on commodity price risk management and derivatives market, and will foster empowerment of the students through several efforts toward financial-skill development," MCX said in a statement.
This is eighth such agreement signed by MCX which "shows the exchange's incessant efforts and commitment toward financial literacy in the commodity derivatives space".
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BabyChakra launches app for childcare
* Online platform for parenting BabyChakra has launched a childcare app for young parents.
"Covering expecting as well as young parents with children aged 0-5 years, the app will enable better decisions for parents by connecting them with other young parents, experts, and through thousands of reviews on childcare services," the company said in a statement.
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Jawed Habib launches 'Hair Studio' brand * Hairstylist Jawed Habib today launched a new brand 'Hair Studio' to cater to the growing hair styling services.
Jawed Habib group, which runs over 550 outlets in 110 cities, is targeting services that include hair chemicals, haircut, treatment and spa with Hair Studio brand.
Infosys bags 5-year deal from DNB Bank
* Infosys, country's second-largest software services firm, has bagged a five-year contract to transform the application landscape of DNB Bank of Norway.
No financial details were disclosed.
Applying its AiKiDo framework, Infosys will leverage knowledge-based non-disruptive renewal strategies to evolve DNB Bank's entire data cluster, including business intelligence (BI), analytics, data warehousing services, regulatory reporting, and Enterprise Resource Planning (ERP) functions, Infosys said in a statement.
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TCS, Vanderbilt Univ Medical Center partner for research * Tata Consultancy Services, country's largest software services firm, has partnered Vanderbilt University Medical Centre (VUMC) to drive innovation in the healthcare and life sciences fields.
TCS and VUMC will drive specific research in areas including genomics, metagenomics, systems biology, bio-informatics, improved care management, and advanced healthcare analytics, TCS said in a statement.
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Snapdeal unveils new panel for unified access to sellers * eCommerce major Snapdeal today launched its new platform codenamed 'Sherpalo' to further enhance its seller experience.
The new platform provides a single window access to all seller services like on-boarding, training, product listing, inventory, order and returns management, advertising, third party services, capital assistance and help centre, Snapdeal said in a statement.
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Samsung completes 20 years in India
* Korean electronics giant Samsung has completed 20 years of operations in India.
Samsung set new benchmarks in innovation-led manufacturing and consumer marketing and has consolidated its position in India with two factories, three R&D centres and a design centre, employing over 45,000 people, Samsung said in a statement.
Alliance Air to start 3 new flights from Bhopal
* Alliance Air, a subsidiary of national carrier Air India, will start three new flights from Bhopal.
The flights on Bhopal-Jabalpur-Hyderabad and Bhopal-Raipur-Pune sectors would commence from May 23 while the direct flight to Jabalpur would start from June 16.
72-seater ATR aircraft would be used in these routes, Air India said in a release today.
The flight on Bhopal-Jabalpur-Hyderabad would operate on Tuesdays, Thursday, Saturday and Sunday while the Bhopal-Raipur-Pune as well as the direct flight to Jabalpur would be on Monday, Wednesday and Friday.
Currently, Alliance Air operates flights to 31 domestic destinations.
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Western Union, India Post release postal stamp * Money transfer services company Western Union today released a stamp to signify 15 years of collaboration with India Post.
The stamp has been priced at Rs 5.
"This is the first time that the Department of Post has released 'My Stamp' to commemorate a milestone with a multinational corporation...
"...The launch of stamp reinforces Western Union's commitment to the Indian market and our longstanding relationship with India Post," Kiran Shetty, MD and Regional VP, Western Union India and South Asia said in a statement.
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8K Miles net profit rises 10 pc at Rs 12.35 cr * Cloud solutions provider 8K Miles Software Services today reported almost 10 per cent jump in net income at Rs 12.35 crore for the January-March quarter.
Revenue for the quarter showed over 16.6 per cent growth at Rs 86.36 crore over the same period last year.
For the full year, the Chennai-headquartered but US-focused company saw its net income more than double to Rs 39.6 crore while the revenue rose 117.5 per cent to Rs 272.14 crore.
The company also announced a major appoints to its advisory board.
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Sankhya Data Center gets LEED v4 Platinum certification * The US Green Building Council (USGBC) today said that ITC Sankhya Data Center at Bengaluru has become the first project in India to get LEED v4 Platinum certification for green building.
ITC Sankhya Data Center is also the first LEED v4 Platinum data center in the world. To date, four countries have their first LEED v4 Platinum buildings -- India, China, Mexico and Canada.
It is the first Leadership in Energy and Environmental Design (LEED) v4 Platinum building in India, as represented in USGBC's ongoing LEED Earth campaign which was launched in June 2013, the council said in a statement.
Tata Power commits 24/7 power to Mumbai consumers
* Tata Power today said that it is committed to providing Mumbai with 24/7 quality power in the summer season and urged people to conserve energy for sustainable development.
In view of rising temperature, it said that since weather can't be controlled, consumers can control how they use energy even during periods of extreme temperatures. Simple ways to reduce energy consumption are using ACs at 25 degrees and switching off devices from the plug point among others.
The company recommends the use of BEE 5-Star rated appliances for enjoying comfort levels with less energy usage.
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Indiabulls Housing Finance raises Rs 50 cr * Indiabulls Housing Finance Ltd (IBHFL) has raised Rs 50 crore by issuing debentures on private placement basis.
"The company has today allotted secured, redeemable, non-convertible debentures of face value of Rs 10 lakh each aggregating Rs 50 crore", it said in a BSE filing today.
The bonds carry a coupon rate of 9 per cent per annum.
Shares of the company closed 1.07 per cent down at Rs 685.85 apiece on BSE today.
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Karnataka Bank launches Cash Back campaign up to Rs 10 lakh * Karnataka Bank has launched 'Cash Back Campaign' for customers holding VISA debit cards for value up to Rs 10 lakh.
The campaign will run from May 10 to June 10.
During the period, more than 3,200 cardholders, the top spenders both in terms of value and volume of transactions, will get cash back aggregating to Rs 10,00,000, it said in a regulatory filing today.
As per the scheme, cardholders who have done minimum five POS/swiping or online transactions with a minimum value of Rs 200 each will qualify.
Cochin Port to hold International Bunker Meet on Friday
* Cochin Port will hold an International Bunker Meet this week which will be attended by investors from South Asia and Gulf countries.
Investors from South Asia and Gulf would attend the third Annual International Bunker Meet "Destination Cochin" hosted by Cochin Port on May 13, Ministry of Shipping said in a statement today.
The meet will be attended by investors from South Asia and the Gulf who are established vendors in these areas.
The speakers for the sessions include trade experts in bunker quality, infrastructure and commerce from Singapore, UAE and India. Directors of oil majors IOCL, BPCL and HPCL and Indian market leaders will also be participating in the highly interactive meet.
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Bayer launches new insecticide to control cockroaches * Agro-chemical maker Bayer CropScience has launched a new insecticide 'TempridTM SC' for control of cockroaches in residential and commercial premises.
The product has been launched in two pack sizes -- 50 ml and 500 ml, which is an odourless formulation useful for indoor and outdoor application and restores efficacy even in resistant insects, the company said in a statement.
Bayer CropScience Indian Subcontinent Head Joerg REhbein said, "TempridTM SC has a faster knockdown rate and is cost-effective. At the same time, the low dose rate and odorless formulation makes it a safer alternative for effective pest management.
