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NTPC State-owned power producer NTPC said that Unit-3 (660 MW) of the Barh Super Thermal Power Project, Stage-1, has completed its trial run. The unit has now been added to NTPC’s installed capacity. With this, NTPC’s total standalone capacity stands at 60,926 MW, while its total group capacity is now 82,028 MW. The completion of this project is likely to improve NTPC’s power generation capacity in the near future. JUBILANT GROUP COMPANIES The Bhartia family, which promotes the Jubilant Group, is expected to sell small stakes in its listed companies. According to a report by CNBC-Awaaz, the family plans to sell 1.32 crore shares of Jubilant FoodWorks, 56 lakh shares of Jubilant Pharmova, and 1.2 crore shares of Jubilant Ingrevia through block deals. These deals may affect the stock prices of these companies during the trading day. ICICI BANK ICICI Bank has received approval from the Reserve Bank of India for the reappointment of Rakesh Jha as Executive Director. His new term will begin on September 2 and last for two years. The confirmation of his reappointment brings clarity to the bank’s leadership. CANARA BANK Canara Bank’s board has approved a plan to raise up to Rs 9,500 crore through bonds in the financial year 2025–26. The fundraising will help the bank strengthen its capital position and meet future business needs. HCLTECH IT services major HCLTech announced that it has been selected as one of the key engineering service providers by Volvo Cars. The company will work with Volvo from its Centre of Excellence in Gothenburg, as well as its global delivery centres. This partnership is likely to give a boost to HCLTech’s position in the automotive engineering space. TORRENT POWER Torrent Green Energy, a fully owned subsidiary of Torrent Power, has received a Letter of Award from the Solar Energy Corporation of India (SECI). The award is for setting up a 300 MW wind power project under Wind Tranche-XVIII. The project must be completed within 24 months from the signing of the power purchase agreement (PPA). The expected investment in the project is about Rs 2,650 crore. This move will help Torrent Power expand its renewable energy portfolio. ICRA Rating agency ICRA has announced that it will acquire Bengaluru-based Fintellix, a company that offers risk and reporting solutions. ICRA will buy 100% of Fintellix for $26 million (in rupee equivalent), through a secondary purchase. The deal is subject to certain adjustments and terms under the Share Purchase Agreement. The acquisition is expected to support ICRA’s growth in the technology-based financial services sector

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