Hindustan Zinc will invest $1 billion in next five years to make its mining operations environment-friendly.

As part of the plan, the company, with the aim of becoming a net-zero entity by 2050, has already initiated the process of converting all its mining equipment into battery-operated electric vehicles (EVs) in a phased manner.

HZL is a subsidiary of Vedanta Limited, which owns a 64.9% stake in the company, while the government holds a 29.5% stake. HZL currently holds around 80% share in India’s primary zinc market.

An alliance of Adani Ports and Special Economic Zone Ltd and Israel’s Gadot Chemicals Tankers and Terminals Ltd on July 14 won the tender for privatisation of Israel’s Haifa Port.

The two companies will acquire a 100 per cent stake in Haifa Port Co. According to reports, the alliance had bid 4.1 billion shekels (about $ 1.17 billion) to win the contract.

Adani Group chairman Gautam Adani took to Twitter to announce the news.

The Indian information technology (IT) industry has contributed substantially to the US economy last year through jobs and local investments for training next-generation talent and driving innovations.

Indian tech firms have spent $396 billion in US sales output. This supported 1.6 million jobs in total and contributed $198 billion to the US economy, which is larger than the combined economies of 20 US states in 2021, according to a NASSCOM report.

“From the value chain through to the end customers, Indian technology companies invest in American talent and technology that they augment with their global resources to develop and produce cutting-edge innovations for industries and clients,” the report said.

ICICI Bank hikes interest rates on fixed deposits, check new FD rates

ICICI Bank currently offers interest rates ranging from 3.10 percent to 5.75 percent on fixed deposits worth more than Rs 2 crore but less than Rs 5 crore, with terms ranging from seven days to ten years. With the latest rise, ICICI Bank FD interest rates for deposits maturing between 185 days and 270 days have been raised by 15 basis points to 5.25 percent, while tenors between 271 days and less than one year have been raised from 5.35 percent to 5.25 percent. Read More: ITR Filing for financial year 2021-22: Know your Income Tax slab, check detailed table here

Twitter demanded Monday that Elon Musk complete a proposed $44 takeover of the social media company, slamming the Tesla chief's withdrawal of his offer as "invalid and wrongful."

"Twitter has breached none of its obligations under the Agreement," attorneys for Twitter said in a letter to Musk's lawyers that was included in a securities filing late Monday.