The Enforcement Directorate (ED) on Tuesday said it has seized shares worth Rs 293.91 crore of former Tamil Nadu Mercantile Bank Limited Chairman Nesamanimaran Muthu in connection with a probe against him linked to alleged contravention of the FEMA law.

The seized assets are in the form of shareholdings of Muthu alias MGM Maran in four Indian companies: Southern Agrifurane Industries Private Limited, Anand Transport Private Limited, MGM Entertainment Private Limited and MGM Diamond Beach Resorts Private Limited.

Cigarettes-to-hotel conglomerate ITC Ltd has commissioned its first offsite solar plant at Dindigul in Tamil Nadu. Built for Rs 76 crore, the plant will help reduce carbon dioxide emissions by the group’s businesses.

The 14.9 megawatt (MW) plant spread over 59 acres will generate over twenty-two million units of renewable energy annually for ITC’s hotels, food manufacturing plants, paper manufacturing, and printing and packaging factories in Tamil Nadu.

Prime Minister Narendra Modi on Tuesday said that India has emerged as the second biggest startup hub in the world, and this has been achieved majorly with the help of students from the Indian Institutes of Technology (IITs).

Addressing the 54th convocation ceremony of IIT Kanpur, the Prime Minister said, "In this 75th year of independence, we have over 75 unicorns, over 50,000 start-ups. Of these, 10,000 have come only in the last 6 months.

Drug firm Ajanta Pharma on Tuesday said its board has approved a share buyback plan of up to Rs 286-crore, wherein the drug maker will buy back shares at a maximum price of Rs 2,550 apiece.

The company's board has approved buyback of up to 11,20,000 fully paid-up shares of face value of Rs 2 each at a price of Rs 2,550 per share payable in cash, Ajanta Pharma said in a regulatory filing.

Tata Consultancy Services (TCS) and Bharti Airtel Limited (Airtel) on Tuesday announced the successful testing of TCS’ neural manufacturing solutions suite on Airtel’s ultra-fast 5G network.

Following the allocation of 5G trial spectrum by the Department of Telecommunications, TCS and Airtel partnered to test use cases from TCS’ neural manufacturing suite of solutions.

Telecom operator Bharti Airtel and IT major Tata Consultancy Services (TCS) have joined hands to build a 5G-based remote working technology using robotics, according to sources.

Both the companies are currently running the trials in Airtel's 5G lab at Manesar, Haryana.

BOC Aviation Limited has delivered the last of eight Airbus A320NEO aircraft to InterGlobe Aviation Ltd (IndiGo) under a purchase-and-leaseback agreement signed earlier this year.

The aircraft is powered by CFM Leap engines, according to a statement.

The price of 10 gram of gold decreased by Rs 70 on Tuesday, with 24-carat gold trading at Rs 48,240 and 22-carat at Rs 47,240.

The price of 1 kg of silver remained unchanged on Tuesday with the precious metal selling at Rs 62,300.

In Delhi, the price of 24-carat gold stands at Rs 51,900, while in Mumbai it is at Rs 48,240, according to the Goodreturns website.

The global coronavirus caseload has topped 281.3 million, while the deaths have surged to more than 5.40 million and vaccinations to over 8.97 billion, according to Johns Hopkins University.

In its latest update on Tuesday morning, the University's Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and the death toll stood at 281,368,071 and 5,406,197, respectively, while the total number of vaccine doses administered has increased to 8,972,162,735.

HDFC Bank has tied up with India Post Payments Bank (IPPB) to offer its banking services to the unbanked and underserved segments in semi-urban and rural areas.

A memorandum of understanding was signed between HDFC Bank and IPPB to cater to the majority of over 4.7 crore customer base of IPPB.

About 90 per cent of IPPB customers reside in rural areas, which may benefit from this tie-up.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.