Infopark Properties Ltd (IPL), a unit of Tata Realty and Infrastructure Ltd, has raised Rs 1,900 crore through two-year zero coupon bonds. The company enjoys financial flexibility by virtue of being part of the TATA group.

IPL will own 100 per cent of shareholding in TRIL Infopark Ltd (TIL) which operates the asset Intellion Park, Chennai (IPC), spread over an area of 4.6 million square feet (msf). CARE Ratings has assigned "A+" rating to non-convertible debentures (NCDs) with a 'stable' outlook.

Under the ‘Invest Rajasthan’ outreach programme, state Chief Minister Ashok Gehlot led Rajasthan government received the biggest investment pledges from Gautam Adani-led Adani Group and the Mukesh Ambani chaired Reliance Industries Ltd (RIL), a report by The Indian Express said.

Adani Group and RIL pledged more than Rs 1.68 trillion between December 2021 and March 2022 in Letters of Intent (LoIs) and Memoranda of Understanding (MoUs) with the Rajasthan government, data by the state's Bureau of Investment Promotion (BoIP) following the RTI application showed, stated the IE report.

China's leading automotive lithium-ion battery maker, Contemporary Amperex Technology Co Ltd (CATL), revealed a new battery that provides electric vehicles with a driving range of over 1,000 km on a single charge.

With the third generation of cell-to-pack (CTP) technology, the battery named Qilin, or CTP 3.0 battery, has a volume utilisation efficiency of 72 percent and an energy density of up to 255 Wh/kg for ternary battery systems, giving it the highest integration level in the world, according to CATL.

The government has extended the time for levy of GST compensation cess by nearly 4 years till March 31, 2026.

As per the Goods and Services Tax (Period of Levy and Collection of Cess) Rules, 2022, notified by the finance ministry, the compensation cess will continue to be levied from July 1, 2022 to March 31, 2026.

Over 12.14 crore balance and unutilized COVID-19 vaccine doses are still available with the States and UTs to be administered, informed the Ministry of Health and Family Welfare on Saturday.

The ministry further informed that 1,93,53,58,865 vaccine doses have been provided to States and UTs so far through free of cost channel and through the direct state procurement category

The overall flood situation in Assam has improved but over 33.03 lakh people in 28 districts continue to remain affected due to the natural calamity in the state, the Assam State Disaster Management Authority (ASDMA) informed on Saturday.

According to ASDMA, a total of 117 people have lost their lives so far in the flood and landslides in the state this year; of which 100 people died in flood alone, while the remaining 17 died due to landslides.

India's tally of Covid infections rose by 15,940 in a day to reach 4,33,78,234 while the active caseload increased to 91,779, according to the Union Health Ministry data updated on Saturday.

The death toll climbed to 5,24,974 with 20 more fatalities, the data updated at 8 am stated.

Rebel Shiv Sena leader Eknath Shinde has called a meeting at Radisson Blu Hotel in Guwahati on Saturday afternoon to discuss further strategy, said sources.

The political crisis in Maha Vikas Aghadi (MVA) government in Maharashtra erupted after the party legislators joined a rebellion led by Eknath Shinde who is staying at a hotel in Guwahati. The rebel MLAs who are at the same hotel authorised Shinde to decide on a further course of action.

The government has ordered a probe into Tata Motors' Nexon EV fire incident in Mumbai, as the company was investigating the "isolated thermal incident".

The Defence Research and Development Organisation (DRDO), which was earlier tasked with investigating electric two-wheeler fire incidents by the Union Road Transport and Highways Ministry, would lead the probe into Nexon EV fire too.

Gold became dearer in Friday's early trade, as the yellow metal's price increased by Rs 230 from the previous day's rate with 10 gram of 24-carat gold selling at Rs 51,990. Meanwhile, 10 gram of 22-carat gold, after a decrease of Rs 200, is trading at Rs 47,650.

The prices of silver, on the other hand, went down by Rs 300 with the precious metal trading at Rs 60,200 per kg.

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