Sonalika Tractors on Wednesday launched the country's first field-ready electric tractor 'Tiger,' powered by a 25.5 kW natural cooling compact battery. It gives much lower running costs compared to a diesel tractor and is priced at Rs 5.99 lakh. Equipped with the Sonalika transmission, the field ready e-tractor offers a top speed of 24.93 kmph and a battery backup for eight hours.

The Government of India and the World Bank on Tuesday signed a $500 million project to build safe and green national highway corridors in the states of Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh. The project will also enhance the capacity of the Ministry of Road Transport and Highways (MoRTH) in mainstreaming safety and green technologies.

NFU Mutual partners Zensar Technologies to form a new strategic technology and digital relationship to support multiple technologies that underpin a number of the company’s key business systems. Zensar’s insurance industry knowledge and extensive experience in delivering Application Development and support services for global customers made the partnership an obvious choice.

FDI is a critical component to boost economic growth in a capital-starved nation like India. However, rights granted to foreign capital should be balanced against the development need of the country so that foreign monopolies don't take root and destroy small businesses. In the Delhi High Court, Amazon Inc violated rules for FDI in multi-brand retailing in its agreements with Future Group company.

Private sector lender ICICI Bank, on December 23, said the Reserve Bank of India (RBI) had approved the appointment of Sandeep Batra as Executive director of the bank for a period of three years. Batra is currently serving as the president of ICICI Bank at the corporate centre of the bank. Batra is also on the boards of several other ICICI Group companies.

Antony Waste Handling Cell initial public offering (IPO) was subscribed 3.85 times on the second day of its subscription on Tuesday. The company has joined the likes of Burger King India and Mrs Bectors Food Specialities to have received oversubscription in a few hours of opening for subscription. However, the solid waste management company fails to impress players in the grey market.

Kids and infants-focussed e-commerce unicorn FirstCry saw its revenue increase by 68%, from INR 535 Cr in the fiscal year 2018-19 (FY19) to INR 897 Cr in FY20. During the same period, the company saw its expenses fall by 26%, from INR 1,468 Cr in FY19 to INR 1,088 Cr in FY20. As a result, FirstCry reported that its net loss come down 83% from INR 933 Cr to INR 191 Cr. 

Jagran Prakashan Limited has subscribed 25 lakh shares in its immaterial wholly-owned subsidiary, Mid-day Infomedia Limited, of Rs10 each at a premium of Rs10 per share, for cash on rights basis. Post the allotment of shares as above, Mid-day Infomedia Limited shall continue to be a wholly-owned subsidiary of the company,” the company informed the exchanges on Tuesday.

Public sector major Union Bank of India offers the lowest interest rate in the education loan space currently, starting at 6.8 per cent for Rs 20-lakh education loans with seven-year tenures. This is followed by Central Bank of India, Bank of India and Bank of Baroda charging 6.85 per cent interest rate on education loans for Rs 20-lakh education loans with seven-year tenures.

Glance announced that it has closed a $145 million investment round from Google and existing investor Mithril Capital. Glance is a subsidiary of InMobi Group and owner of the fast-growing video-sharing social media platform Roposo. Glance delivers AI-driven personalized content in multiple languages including English, Hindi, Tamil, Telugu and Bahasa on the lock screen of Android smartphones.

U.S. International Development Finance Corporation (DFC) announced that it will invest $54 million in equity for the National Investment and Infrastructure Fund (NIIF)to support the development of critical infrastructure projects. The financing is part of NIIF’s final round of fundraising for the fund. DFC’s investment will support the growth and development of a key partner in the Indo-Pacific.

The World Trade Organisation (WTO) will be reviewing India’s e-commerce policy, farm policy and digital tax initiative, along with other trade policies next month. In addition, the contentious goods and service tax (GST) and changes in intellectual property rights law may too attract attention at the review. India’s previous trade policy review was conducted in 2015.

Wipro Limited informed the exchanges Tuesday that its buyback offer will open on December 29, 2020 and close on January 11, 2021. The buyback offer is for up to 23.75 lakh fully paid-up equity shares of the company of the face value of Rs2 each at a price of Rs400 per equity share. The company on Tuesday also signed a strategic digital and IT deal with METRO AG.

CRISIL has reaffirmed its 'CRISIL AA+/Stable rating on the total bank loan facilities Rs2350cr of Gujarat Gas Limited (GGL). The rating of Non-Fund Based Limit bank facilities Rs60cr has been reaffirmed at CRISIL AA+ / Stable. e rating on Proposed Term Loan Rs40cr and Term Loan Rs1580cr have also been reaffirmed CRISIL AA+ / Stable separately.

A Canadian pension fund, Life Insurance Corporation (LIC) and National Infrastructure Investment Fund (NIIF) have shown interest to invest in the proposed infrastructure investment trust (InvIT). Over two dozen global and domestic investors have indicated their willingness to invest in the InvIT during a meeting held last week, the Business Standard reported.