03 March 2021
The Tata Group is reported to have taken over State Bank of India and Bank of Baroda’s bid for a Reserve Bank of India (RBI) licence to set up a New Umbrella Entity (NUE) for retail payments in the country, the Economic Times reported.
The move to apply for a NUE licence is part of a concerted effort by the group to develop and roll-out its Super App, for a big entry in the online retail space and set up competition with Reliance and Amazon.
RBI is reported to have rejected the bids of state-run SBI and BoB for setting up the NUE, which has since been lapped up by Tata Group along with HDFC Bank and Kotak Mahindra Bank.
UK: Global Offshore to provide complete cable care service to Equinor wind farms
03 Mar 2021
Global Offshore, a leading provider of cable installation, repair and trenching services to the offshore renewables, utilities and oil & gas markets, and part of the
Global Marine Group, has announced a multi-year cable maintenance and management framework agreement with Equinor.
The framework agreement will see primary contractor, Global Offshore, supply cable management services and perform associated call off services, comprising of active cable maintenance as well as unplanned repairs. The agreement gives Equinor access to
Global Marine Group’s fleet of cable ships and CTVs, including their versatile cable laying ships, Global Symphony and Normand Clipper, equipped with one of Global Offshore’s Q1400 jet trenchers.