According to Shailesh Chandra, Managing Director of Tata Motors Passenger Vehicles and Tata Motors Electric Mobility, electric vehicle sales in the local market are projected to increase tenfold over the next five years, falling short of the government’s earlier target of 30% of new car sales. Shailesh Chandra emphasised that Tata Motors is taking a …
Ramky Infrastructure Limited (RIL), a leading Indian civil and infrastructure engineering company, has secured significant contracts from PowerGrid Energy Services Limited (PGESL), a wholly-owned subsidiary of Power Grid Corporation of India Limited (PGCIL). These contracts pertain to a critical infrastructure project aimed at reducing power losses in the Leh district of Ladakh. Project Details and …
Marking a significant diversification, Nibe Ltd (Nibe), a leading manufacturer of critical components for defence, electric vehicles, and software development, has announced the incorporation of a new subsidiary company. Nibe Space Private Limited, established on June 25, 2024, signifies the company’s strong entry into the burgeoning Indian space and aerospace sector. Charting a New Course …
LatentView Analytics Limited (Latent View) has filed an update regarding its ongoing acquisition of Decision Point Private Limited (Decision Point). This filing builds upon the company’s initial announcement on March 28, 2024, which outlined the Board’s approval for acquiring up to 100% of Decision Point’s equity share capital in multiple stages. Recap of the Acquisition …
On June 26, 2024, Exide Industries Limited (EIL) announced a significant investment in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), amounting to ₹49,99,99,968. This investment was made through a subscription to equity shares on a rights basis, maintaining EIL’s existing shareholding percentage in EESL. With this latest infusion, EIL’s total investment in EESL now …
On June 26, 2024, KEC International Ltd announced in a stock exchange filing that it had secured new orders worth ₹1,025 crore in its Transmission & Distribution (T&D) and Cables businesses. Transmission & Distribution: KEC International has received significant orders for T&D projects across India, Africa, and the Americas. These include: India: A major order …
On June 26, 2024, Bharti Airtel, India’s leading telecommunications provider, announced its spectrum purchase in key regions. The company has acquired 97 MHz spectrum, including renewing the expiring spectrum and adding a new spectrum to enhance its mid-band holdings in selected areas. This purchase ensures that Bharti Airtel continues to have the largest mid-band spectrum …
Ather Energy backed by Hero MotoCorp’s 40% stake has announced that it is set to invest Rs.2,000 crore to establish its third manufacturing facility in Chhatrapati Sambhaji Nagar, Maharashtra. Located in Aurangabad Industrial City (AURIC), this facility aims to generate around 4,000 jobs. Production Capacity Ather’s two existing manufacturing units in Hosur, Tamil Nadu—one for …
In Delhi on 26 June 2024, SJVN Green Energy Limited (SGEL), a wholly-owned subsidiary of SJVN, entered into a Memorandum of Understanding (MoU) with AM Green Ammonia (India) Private Limited. The agreement was signed by Ajay Singh, CEO of SEGL, and Bhuwan Chandra Tripathi, CEO of Green Ammonia. The MoU is based on the supply …
The State Bank of India, headquartered in Mumbai is a Fortune 500 company and is the largest and oldest bank in India with a history of more than 200 years, The Bank has raised Rs.10,000 crore through infrastructure bonds. SBI Infrastructure Bonds The State Bank of India (SBI) has successfully raised Rs 10,000 crore through …
