Automaker MG Motor India on Monday said it has partnered with Bharat Petroleum Corporation Ltd (BPCL) to bolster EV charging infrastructure across the country.

The partnership with BPCL will add momentum to EV adoption by expanding opportunities for intercity travel as the two entities will install EV chargers across highways and within cities, the automaker said in a statement.

The commercial flight operations of Rakesh Jhunjhunwala-backed Akasa Air will be launched in July instead of June.

"As we get closer to the airline launch date, we can now confirm refined estimates on our timelines. We expect our first aircraft delivery by early June 2022, with the intention to start commercial operations in July 2022," Vinay Dube, CEO, Akasa Air, told PTI.

Hero Electric on Monday said it has joined hands with EVIFY, a tech-enabled electric vehicle-based logistics company.

As per the partnership, Hero Electric will deploy 1,000 electric scooters to EVIFY in the next two years.

The first 50 units are already in production and will be delivered by next month, Hero Electric said in a statement.

Bengaluru-based Prestige Estates Projects crossed the presales mark of Rs 10,000 crore in FY22.

This is the highest ever presales for the company and also the highest among listed real estate players that have released their numbers so far.

The company did presales (or sales prior to completion of construction) of Rs 10,382 crore, registering a growth of 90 per cent on a yearly basis.

Adani Power joined the elite group of companies with market capitalisation (m-cap) of Rs 1 trillion after the stock of Gautam Adani-led electric utilities company hit a new high of Rs 272.15. The shares were up 5 per cent on the BSE in an otherwise a weak market on Monday.

At 01:24 PM, Adani Power stood at 49th position in overall market-cap ranking with an m-cap of Rs 1.05 trillion, BSE data shows. On Friday, Adani Power had entered the list of top-50, most valued companies, in terms of market-cap. With today's rally, the stock has zoomed 90 per cent in the past one month as compared to 1 per cent decline in the S&P BSE Sensex.

The Delhi High Court has restrained Punjab & Sind Bank, which recently declared SREI loans as “fraud”, from taking any further steps on the basis of its reclassification till the next hearing.

In an order dated April 22, the court said that till the next date, respondent no. 1 (Punjab & Sind Bank) will stand restrained from taking any further steps or action prejudicial to the petitioner on the basis of the order declaring the petitioner’s bank account as fraud. The petition was filed by SREI promoter, Hemant Kanoria.

Tata Consultancy Services (TCS) in an announcement said that it is expanding its strategic partnership with SBI Cards and Payments Services, India’s largest pure-play credit card issuer, to power the latter’s next leg of digital transformation.

The new engagement is built on a decade-long partnership. TCS had helped the company transform its core cards sourcing platform and digitized a significant portion of the process. The future-ready, agile platform personalized customer experience and helped boost sales and retention.

Global rating agency Moody’s on Monday said the high commodity prices and supply chain disruptions due to further escalation in the Russia-Ukraine crisis could expose about 42 per cent of rated Indian companies to significant risks. They are mainly in the oil and gas and automotive sectors.

The impact may be seen under two scenarios: first, revised base line and second being downside economic scenarios incorporating a global recession and a more severe liquidity squeeze, it said.

Air India, under its new Tata management, has taken a Rs 60,800 crore ($8 billion) cover by paying Rs 266 crore premium to a clutch of insurance companies, including Tata AIG General Insurance.

The airline managed to get a better deal as it valued its fleet lower by almost $2 billion. The new management held extensive negotiations – both in India and London, to get a good deal considering the rising premiums due to the ongoing Russia-Ukraine war. As per the new policy, the airline will not be able to fly over Russian and Ukrainian airspace due to the conflict.

Shares of Kishore Biyani-led Future Group companies tanked up to 20 per cent on the BSE in Monday’s intra-day trade after Reliance Industries (RIL) called-off the deal to buy Future Retail as lenders to the retail company objected.

Future Supply Chain Solutions (down 20 per cent at Rs 37.30) and Future Lifestyle Fashions (down 20 per cent at Rs 29.40) hit their respective all-time lows in intra-day trade.

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.