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Wipro, Greenply Industries and Tiger Logistics to see some action today
Jun-13-2019

Wipro and Moogsoft, a pioneer and leading provider of artificial intelligence, for IT operations (AIOps), have entered into partnership. Wipro will leverage Moogsoft's industry-leading platform to deliver next-generation artificial intelligence for IT operations (AIOps) solutions for its customers. Wipro HOLMES, Wipro's AI and Automation platform, in partnership with Moogsoft, will provide end-to-end capabilities in AIOps transformation.

Greenply Industries has entered into an agreement, for investment of Rs 1.80 crore i.e. 30% in the equity share capital of Nemani Panels, a newly incorporated company for setting-up a manufacturing unit of Plywood and allied products at Bareilly, promoted by Bareilly Plyboards (an existing company manufacturing and selling Plywood and allied products).

Tiger Logistics has bagged contract for handling the export logistics for the Piaggio Vehicles. Piaggio Vehicles is an Indian Subsidiary of Piaggio & C. S.p.A, Italy who are the pioneers in the manufacturing of Two-Three Wheelers in India. This will strengthen the company position in the Auto Sector and its vision of handling 70% of India's Auto Exports logistics by 2021.

Mangalore Chemicals & Fertilizers has commenced the production of Ammonia, Urea and ABC from June 12, 2019, which was been stopped due to non-availability of water. The company has commenced the production, in view of onset of monsoon and normalisation of water supply.

Music Broadcast (MBL) has entered into a definitive binding agreement for the acquisition of Reliance Broadcast Network. The company will acquire 24% of the equity share capital of Reliance Broadcast Network on or before July 31, 2019.

Bureau of Energy Efficiency (BEE) has assigned Grade 1 ESCO grading rating to Tata Power in recognition of their ESCO (Energy Service Company) business performance. BEE an autonomous body constituted under the Ministry of Power, is responsible for driving policies and strategies for the overall reduction the energy intensity of the India economy.

Power Finance Corporation (PFC) has successfully tapped international market and raised $1 billion through Reg-S bonds in one go. This was the PFC's first issuance in the international market after successful acquisition of Government of India holding in REC.

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