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Ratan Tata-backed energy distribution startup Repos is expected to grow by close to three-fold to Rs 185 crore in the current fiscal on account of increased traction for its service among business-to-business clients, a top official of the firm said. Repos Energy founder and CVO Aditi Bhosale Walunj told PTI at the Auto Expo 2023 that the company is in the process of raising Rs 300 crore to fund expansion of business across India as well as a platform to offer carbon-neutral fuels such as ethanol and electric vehicle chargers. "We have been fortunate enough to have Mr Ratan Tata as our initial investor. Last fiscal year we did business of Rs 65 crore. Our business has been growing multifold. This fiscal we expect our top line to be around Rs 185 crore," Walunj said. She said that the company's fuel distribution platform is mainly built around the delivery of diesel but it is now adding new fuels to the platforms to make it available at the doorsteps of end consumers with the help of
Prime Minister Narendra Modi has lauded the people for contributing wholeheartedly to the PM CARES Fund as he chaired a meeting where it was discussed that the initiative has a larger vision on effectively responding to emergency and distress situations, his office said on Wednesday. Modi chaired a meeting of the Board of Trustees of the PM CARES Fund on Tuesday during which a presentation was made on the various initiatives undertaken with the help of PM CARES Fund, including the PM CARES for Children scheme which is supporting 4,345 children, a statement issued by the Prime Minister's Office (PMO) said. The trustees appreciated the role played by the fund at a crucial time for the country. Prime Minister Modi appreciated the people of the country for contributing wholeheartedly to the PM CARES Fund, the statement said. It was discussed that PM CARES has a larger vision on effectively responding to emergency and distress situations, not only through relief assistance, but also ...
Cyrus Mistry, the former Tata Sons chairman who was killed in a road accident earlier this week, was cremated in the financial capital on Tuesday. The funeral at central Mumbai's Worli crematorium was attended by members of the closely knit Parsi community, some business leaders and politicians. Industry doyen Ratan Tata's stepmother Simone Tata was also present. Wheelchair-bound Simone Tata, 92, arrived at the crematorium in a special van. Former TCS head S Ramadorai also came for the cremation. However, no other senior official from the Tata Group - with whom Mistry fought a bitter legal battle till the end - was seen at the funeral. Madhu Kannan, one of the key executives handpicked by Mistry during his chairmanship of Tata Sons, was seen at the funeral. Cyrus Mistry's elder brother Shapoor Mistry, father-in-law and senior lawyer Iqbal Chagla, industrialists Anil Ambani, Ajit Gulabchand, Deepak Parekh and Vishal Kampani, entrepreneur Ronnie Screwvala, architect Hafeez Contrac