Ola Electric’s Latest Milestone in EV Manufacturing In an exciting development for India’s electric vehicle (EV) sector, Ola Electric’s S1 X 2kWh scooter has officially secured Production Linked Incentive (PLI) certification. This certification further cements Ola Electric’s position as a leader in the EV market, thanks to its adherence to stringent localisation norms and the …
In May 2004, Lemon Tree Hotels Limited (LTHL) inaugurated its first hotel, comprising 49 rooms. With over 160 hotels in its portfolio as of right now, the company boasts over 100 hotels that are currently in operation and over 60 hotels that are slated to open in India and other countries. In addition to many …
On September 25, 2024, Krsnaa Diagnostics Ltd, a leading provider of diagnostic services in India, announced a strategic investment in Apulki Healthcare Private Limited. This partnership marks India’s first Public Private Partnership (PPP) focused on cancer and cardiac care hospitals. Through this collaboration, Krsnaa will provide a wide range of integrated diagnostic services at Apulki’s …
On September 25, 2024, Shriram Finance Limited (SFL), one of India’s largest retail-focused non-banking finance companies, successfully raised $500 million through a fixed-rate senior secured bond with a 3.5-year maturity at a 6.15% interest rate. This marks SFL’s biggest bond deal to date and is the company’s ninth USD bond issuance since the easing of …
L&T Technology Services Limited (LTTS) announced that it has been recognised as a Leader in the Connected Product Engineering Services PEAK Matrix® Assessment 2024 by Everest Group. This accolade reflects LTTS’s unwavering commitment to excellence and innovation in embedded engineering, particularly in sectors such as Mobility, Technology, and Sustainability. The PEAK Matrix® Assessment evaluates engineering …
Introduction: A Game-Changing Partnership Linc Limited, a leader in India’s writing instruments industry, has made headlines by announcing a strategic joint venture (JV) with Japan’s Mitsubishi Pencil Company Ltd. This venture aims to revolutionize the writing instruments market in India by combining Japanese technology with Linc’s extensive market expertise. The news has sparked a significant …
Oil and Natural Gas Corporation (ONGC) is making to news in the petrochemical sector with its recent board approval for a major Rs.10,501 crore investment in ONGC Petro Additions Limited (OPaL). This investment will unfold in one or more parts, showing ONGC ramping up its stake in OPaL. Just last September, the board greenlit a …
State Bank of India (SBI), India’s largest lender, is ambitiously aiming to become the first Indian financial firm to achieve a net profit milestone of Rs 1 lakh crore within the next 3-5 years. This ambitious target, as outlined by SBI’s Chairman C S Setty, is underpinned by the bank’s strong financial performance. In FY24, …
On September 25, 2024, a leading player in the electrical contracting and equipment industry, Power & Instrumentation (Gujarat) Limited through an exchange filing announced that it has been appointed by the Airports Authority of India (AAI) as the specialised agency. The company is responsible for the power supply system of the new Integrated Passenger Terminal …
Introduction Vodafone Idea, often seen as a stock in distress, has witnessed a surprising development. The National Stock Exchange (NSE) has revoked its earlier decision to exclude Vodafone Idea Ltd. from various Nifty indices, including Nifty 500 and Nifty Midcap 150. This change, is effective from September 30, 2024. The Committee has decided to revoke …
