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Reliance Industries' subsidiary Reliance New Energy Ltd on Monday signed definitive agreements to acquire "substantially" all of the assets of Lithium Werks BV for a total transaction value of $61 million, including funding for future growth.

Covid's third wave subdued India's eight core industries' production in January 2022 on a sequential basis, official data showed on Monday.The growth rate of the eight major industries in January 2022 rose to 3.7 per cent from 4.1 per cent in December 2021. The Index of Eight Core Industries' (ICI) index reading rose on a year-on-year basis, at 1.3 per cent during January 2021.

India's industrial activity is expected to gather pace in the coming months owing to a gradual pick-up in consumption as well as investment demand. Besides, the slowdown in on-year IIP growth to 0.4 per cent in December, from 1.3 per cent in November, reflected weaker manufacturing activity which, at 77.6 per cent, is the largest component of IIP.

The growth rate of the eight major industries in December 2021, on a sequential basis, rose to 3.8 per cent from 3.4 per cent in November 2021. Similarly, the Index of Eight Core Industries' (ICI) index reading rose on a year-on-year basis. The ICI reading during December 2020 stood at 0.4 per cent. The ICI index comprises 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP) and comprises coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricity.

The bench had told Sundaram, "Why have you filed the IA...why don't we got with the final hearing?" The bench reminded him that it had kept the matter on that day for final hearing, yet an IA has been filed.