Mahindra & Mahindra has unveiled a state-of-the-art Electric Vehicle (EV) manufacturing and battery assembly facility at its Chakan plant in Pune, India. Alongside this milestone, Mahindra has announced the launch of premium electric SUVs—BE 6 and XEV 9e—showcasing its commitment to innovation and sustainable mobility. Key Features of the Chakan Facility Located within Mahindra’s 2.83 …
CESC Limited has announced that its subsidiary, Purvah Green Power Private Limited, has been awarded a contract to develop 150 MW of wind-solar hybrid power projects. This initiative aligns with the government’s push for renewable energy through tariff-based competitive bidding. The project also includes a Greenshoe option for an additional 150 MW capacity, effectively doubling …
Solex Energy Limited (NSE: SOLEX), a well-known name in India’s renewable energy sector, announced the successful production of 65,000 solar modules in December 2024. This milestone highlights the company’s growing manufacturing capabilities and dedication to sustainable energy solutions. Shares of Solex were trading marginally higher at ₹1,338 as of 10:05 AM on January 8, 2025. …
Monopoly stocks refer to shares of companies that dominate their respective markets, with little to no competition, and are often key players in their industries. These companies enjoy a significant market share, pricing power, and a strong brand presence. One such example is the Indian Railways Catering and Tourism Corporation (IRCTC), which enjoys a monopoly …
Ceinsys Tech Ltd., a leading provider of geospatial and technology solutions, has rebranded itself as CS Tech AI. The new identity underscores the company’s strategic focus on artificial intelligence (AI) and its role in driving technological innovation across industries. Strategic Move Towards AI Integration The inclusion of “.ai” in its brand name symbolises the company’s …
Sobha Limited has announced its operational performance for the quarter ending December 31, 2024, reporting a 17.8% growth in sales value compared to the previous quarter. The real estate major achieved sales worth ₹13.88 billion with a new sales area of 1.01 million square feet (sft) at an average price of ₹13,663 per sft. Growth …
Mangalore Refinery and Petrochemicals Limited (MRPL) has entered into a Memorandum of Understanding (MoU) with Indian Strategic Petroleum Reserves Limited (ISPRL) to lease ISPRL’s underground caverns for crude oil storage. This partnership is to bolster MRPL’s crude storage capacity, for supply security and mitigating risks associated with global market volatility. Agreement Details The MoU was …
WPIL Limited, through its European subsidiary Gruppo Aturia, has announced the acquisition of 100% shareholding in MISA S.R.L, an Italian company renowned for its expertise in large pumping stations and hydro turbine solutions. This acquisition, dated January 7, 2025, aims to bolster WPIL’s footprint in Europe and North Africa. The share price of WPIL opened …
Mankind Pharma has pledged an additional 56.31% of its equity stake in Bharat Serums and Vaccines Ltd (BSV), its fully-owned subsidiary, to Catalyst Trusteeship Ltd. This move aligns with the conditions set for securing its listed non-convertible debentures (NCDs). Acquisition and Pledge of Equity Shares Bharat Serums and Vaccines Limited (“BSV”) became a wholly owned …
Tata Technologies Ltd, a global leader in engineering and product development digital services, announced a strategic partnership with Telechips, a provider of advanced automotive semiconductor solutions. This collaboration aims to develop cutting-edge software solutions for software-defined vehicles (SDVs), driving the evolution of connected, autonomous, and electric mobility. Advancing Software-Defined Vehicles with Innovative Solutions The partnership …
