The spin-off of the energy business is the latest chapter in Siemens’s transformation to a more focused industrial technology company. 

TAJGVK Hotels and Resorts on Monday said domestic rating agency ICRA has downgraded the credit ratings of its longterm loans and shortterm credit facilities on account of revenue and margin decline in the current fiscal due to the COVID19 pandemic. In a regulatory filing, the firm said has received a letter from ICRA informing it of the "downgrade in the credit rating of the company's longterm loans (aggregating to Rs 165.63 crore) to ICRA A from ICRA A and shortterm credit facilities (aggregating to Rs 30 crore) to ICRA A2+ from ICRA A1".

Adani Wilmar, which markets edible oils under Fortune brand, is entering into manufacturing of hand wash and sanitisers as part of its strategy to expand the portfolio under non-food category, its deputy CEO Angshu Mallick said. Adani Wilmar, which is a joint venture between business conglomerate Adani group and Singapore's Wilmar group, is already manufacturing and marketing soaps under the brand 'Alife'.

”The resumption of operations at T2 will be with 96 air traffic movements (48 departures and 48 arrivals) per day and increase progressively up to 180 by end of October,” said a DIAL press release.