Atul Auto registered a decline of 45.32% YoY in February 2021 sales figures. The automaker sold 1,613 units in the latest month against 2,950 units sold in February 2020. Between April 2020- February 2021, Atul Auto's sales have contracted by 66.17% to 14,544 units compared to sales of 42,991 units in the corresponding period of the previous year.

Sterlite Technologies achieved orders worth $100 million in the Middle East and Africa, entailing setting up a network and infrastructure for the 5G wireless service. With the new deals, the company’s order book stands at a record Rs11,300 crore. The orders have also enabled the gear maker to extend its partnership with leading telecom operators in the Middle East and Africa regions.

V2 Retail announced the opening of two new Retail Stores of the Company. The fastest-growing retail company opened two new Retail Stores located at Jaunpur (UP) & Gopalganj (Bihar). With the opening of these stores, 93 Retail stores of the Company are currently operational in the country. V2 Retail is engaged in clothing and fashion accessories for men, women and kids.

FASTag implementation reduced the average waiting time at toll plazas to 150 seconds this year, compared to 464 seconds last year, which is expected to save fuel worth Rs 20,000 crore for the country, said Union Minister, Nitin Gadkari. The minister launched a live monitoring system for toll plazas across the national highways to gauge waiting time and traffic queue length on a real-time basis.

Biocon Biologics Ltd., a subsidiary of Biocon Ltd. reported that Shreehas Tambe has been promoted to the position of Deputy Chief Executive Officer of Biocon Biologics Limited w.e.f. March 1, 2021. A Biocon veteran, Shreehas joined Biocon in 1997 and has, since then, taken on positions of increasing responsibility. He has over 20 years of leadership experience in operational and strategic role

Tata Chemicals has appointed Nandakumar S. Tirumalai as the Chief Financial Officer and Key Managerial Personnel of the company with effect from April 01, 2021. Tirumalai currently serves as the VP (Finance) with Titan Company Ltd. He will take the role of John Mulhall, who is set to join US-based arm as CEO & MD. Mulhall will cease to be CFO of Tata Chemicals with effect from March 31, 2021.

BLS International, a tech-enabled speciality service provider for governments and diplomatic missions worldwide, confirmed that it has commenced accepting visa applications for the Embassy of Thailand in Delhi. The company has expertise in providing visa, consular, citizen, e-governance, attestation, biometric, e-visa and retail services across the globes.

Nissan Motor India on Monday reported an over a four-fold rise in wholesales at 4,244 units in February over the same month last year, on the back of the newly launched compact SUV Magnite. Nissan Motor India’s wholesales in February 2020 were 1,029 units. The Japanese carmaker also announced that it has delivered 6,582 units of Magnite since its launch in December last year.

Axis Bank signed an MoU amongst members of the consortium seeking to set up a Pan-India (National) Umbrella Entity (“NUE”) for Retail Payments. The lender plans to set-up NUE through an equity stake in Mopay Services. The private lender highlighted that the development is subject to approval from the Reserve Bank of India, and the transaction is expected to cost around Rs100cr.

Bharti Airtel's wholly-owned subsidiary Airtel Digital is considering to subscribe to 5,000 equity shares (10%) in Ferbine Private Limited. Ferbine has been incorporated on January 18, 2021, to make an application to RBI for the PUE license. The main business of the company would be to operate a pan-India umbrella entity for retail payment systems, as would be allowed/ licensed by RBI.

Aurobindo Pharma received the board of directors approval for the transfer of all equity shares held in Lyfius Pharma to Aurobindo Antibiotics Private Limited. Also, the company will transfer equity shares held in Qule Pharma to Aurobindo Antibiotics. Lyfius Pharma, Qule Pharma and Aurobindo Antibiotics are wholly-owned subsidiaries of Aurobindo Pharma.

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India’s power consumption grew 0.88% in February at 104.73 billion units (BU) due to a marginal increase in temperature in the month, official data revealed. Power consumption in February 2020 was 103.81 BU. However, the peak power demand met, which is the highest supply in a day, recorded a growth of 6.7% at 188.15 GW in February 2021 compared to 176.38 GW in February 2020.

Reliance Jio Infocomm has a message for Bharti Airtel and Vodafone Idea (Vi) stock investors, which is the wait for tariff hikes can be prolonged. The news should worry Vodafone Idea's investors more than Bharti Airtel's, analysts said. Jio along with Reliance Retail has rolled out its ‘New JioPhone 2021’ offer starting March 1 to upgrade 300 million 2G subscribers to 4G services.

India's manufacturing sector activities eased slightly in Feb but firms were upbeat as they responded to increased new work intakes by stepping up production and purchasing activities. The seasonally-adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) fell marginally to 57.5 in February from 57.7 in Jan. The headline figure for Febr remained above its long-run average of 53.6.