Who received a letter of intent to acquire Korba West Power Company Ltd?

Tata Steel bagged the 'Global Slag Company of the Year' award at the 14th Global Slag Conference and Exhibition 2019, for its innovative practices in the development of new applications for Steel by-products (Slag). The conference was held recently in Aachen, Germany, and is one of the largest global annual slag events, attended by major steelmakers, steel mill service providers & associated companies.

Amul has announced to sponsor Afghanistan team in upcoming World Cup 2019 which will be held in England and Wales from May 30, 2019. Amul's logo will be visible on the leading arm of jerseys of the Afghanistan players in international match and also in training kit throughout the world cup.

'Bharat Fibre', the state-owned telecom firm, BSNL (Bharat Sanchar Nigam Limited) became the 1st operator to start optical fibre-based high-speed broadband service in Pulwama. The Bharat Fibre services with reliable and high-speed internet are provided on the optical fibre by FTTH (fibre-to-the-home) service up to the customer premises. The service was launched by BSNL Chief General Manager of Jammu and Kashmir Circle, Rana Ashok Kumar Singh, in the presence of Srinagar General Manager Telecom District Zafar Iqbal and BSNL's channel partner, Mir Nazir. The Internet services generally remain unaffected even during the vagaries of weather.

Max Life Insurance Co Ltd has notified that it will commemorate the 6th day of each month as 'Protection Day'. The main objective of this initiative was to raise awareness on financial protection. The decision came with the Company's launch of Max Life India Protection Quotient survey conducted in collaboration with Kantar IMRB. It denoted that the extent to which the Indians feel protected from financial uncertainties is extremely low, and that level was as 35.

The retail arm of the Mukesh Ambani-led Reliance Industries became India's first retail company to cross the Rs.1 lakh crore annual revenue.The revenue for 2018-19 is Rs. 1.3 lakh crore, which is 89% more from the previous fiscal.The company added 2,829 stores during the financial year, taking the total to 10,415 stores and the profit of pre-tax business jumped 77.1 percent to record Rs 1,923 crore.

Recently, Indian Army signed a Memorandum of Understanding (MOU) with National Hydroelectric Power Corporation (NHPC) Limited, to build four underground tunnels along China and Pakistan borders for storage of ammunition and other war-related equipment. Three tunnels will be built along Chinese border and one tunnel will be build along the Pakistan border. The tunnel can store 175-200 metric tonnes of ammunition and the cost of this pilot project is around Rs 15 crore.

The Dredging Corporation of India Limited (DCIL) has signed a memorandum of understanding (MoU) with Water & Power Consultancy Services (WAPCOS) Limited, a mini-ratna PSU under Ministry of Water Resources, River Development, and Ganga Rejuvenation. The objective is to jointly recognize suitable future projects and carry out geo-technical investigation and engineering consultancy in the fields like water resources, power and infrastructure, port and harbour dredging. The other areas which can be included in joint projects are shallow water dredging, beach nourishment, lake rehabilitation, flood management, erosion control, river morphology etc.

Reliance Jio Digital, a subsidiary of Reliance Industries acquired a chatbot making startup firm Haptik worth for Rs.700 Crore. In this Rs.700 Crore deal,Rs.230 Crore will be used for business transaction and Rs.470 Crore will be used for business expansion. After this acquisition, Reliance Jio Digital will now hold 87% stake in Haptik, while Existing investor Times Internet which holds 70% stake will exit the company.

Bharat Heavy Electricals Limited (BHEL) and Automotive Research Association of India (ARAI) have together signed an Memorandum of Understanding for effective cooperation on different projects related to e-mobility and implement solutions for electric & trolley bus, EV (Electric Vehicles) chargers, battery and charger testing, etc. The MoU was signed by Rashmi Urdhwareshe, Director, ARAI and Renuka Gera, BHEL. The term electro mobility refers to full and hybrid electric vehicles as well as those using hydrogen fuel cell technology. These vehicles represent electronically driven vehicles in the future. The electromobility is combined with concepts of microcontrollers and sensors that work toward providing better energy efficiency for vehicles.

Consulting arm of Global IT Services major, Infosys will buy 75% stake in Starter NV which is a subsidiary of Dutch based ABN AMRO Bank for $144 million (approx. Rs 999 crore) in an all-cash deal.This move is aimed at strategic partnership in Netherlands. ABN Amro which is the third largest bank of Netherland will hold the remaining 25 per cent stake in Starter NV.