DSIJ Mindshare

Pune IT City Metro Rail Limited, a special purpose company formed under the joint venture of TRIL Urban Transport Private Limited (a Tata Group Company) and Siemens Project Ventures GmbH (a subsidiary of Siemens Financial Services) under Public Private Partnership Route (PPP) will develop the metro corridor from Hinjewadi to Shivajinagar. 

The private sector bank saw the steepest fall in its share price today over the news of RBI appointing Yogesh Dayal as an Additional Director on the Board of the Bank for a period of two years till December 23, 2023, or till further orders, whichever is earlier. 

The incorporation of TPEML is according to a binding agreement of the automaker with private equity firm TGP Rise Climate for an investment of Rs 7500 crore by TGP Rise Climate into a wholly-owned subsidiary of Tata Motors, as informed by Tata Motors in its earlier press release on October 12, 2021. Tata Motors informed their intent to use the proposed investment by TGP to partly fund investment of USD 2 billion (over Rs 16,000 crore) in the next five years in expanding its EV business with a plan to Introduce 10 new EVs(by FY 26).

Zee Entertainment Enterprises Ltd (ZEEL), India’s largest television network and Sony Pictures Networks India Private Limited (SPNI), an indirect subsidiary of Sony Pictures Entertainment Inc (SPE) announced that they have signed definitive agreements to merge ZEEL with and into SPNI and combine their linear networks, digital assets, production operations and program libraries. After closing, the new combined company will be publicly listed in India. 

The month saw a shift in the subscriber base wherein Reliance Jio added 17.61 lakh subscribers putting its gross subscriber base to 4266 lakh, whereas Bharti Airtel saw a contraction of 4.89 lakh in the subscriber base. VI too lost 0.96 million gross customers to close the month at 269.02 million.