Category: Stocks

Representative image The Department of Pharmaceuticals under the Union government has released the first tranche of incentives under the Product Linked Incentive (PLI) scheme of pharmaceuticals amounting to Rs 166 crore to four selected applicants. The companies which are set to be benefitted under the scheme in the first phase include Dr Reddy’s Laboratories Limited, Biocon […]

In a regulatory filing, the auto major said it will also focus on local manufacturing to achieve its goals. PTI February 21, 2023 / 11:20 AM IST Maruti Suzuki India (File image) ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ // $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); // $ (‘.arw_green’).removeClass(“arw_green”).addClass(“arw_red”); […]

Green Hydrogen Clean energy firm ACME Group and Japan’s heavy-industry manufacturer IHI Corporation have collaborated to explore business opportunities of green hydrogen. The intent of this Memorandum of Understanding (MoU) is to jointly study and evaluate potential projects with respect to collaboration opportunities across the green hydrogen and ammonia value chain, including production, handling, transportation, […]

EV maker Omega Seiki Mobility (OSM) will set up a manufacturing facility in Bangladesh for its M1KA brand of e-trucks besides their distribution in a joint venture with Brandwin Group, at an investment of USD 10-million. The proposed facility will cater to the domestic market of Bangladesh as well as its exports requirements and will be […]

The MoU was briefly announced in the “Bandhan” event held at Aero India 2023. (Representative image) Bharat Electronics Ltd (BEL), the government-owned aerospace and defense electronics company, in an exchange filing on February 21, announced it has signed a Memorandum of Understanding (MoU) with the Aeronautical Development Agency (ADA) under DRDO, to develop and provide […]

Tata Group on Tuesday bagged the title rights for the inaugural Women’s Premier League beginning in Mumbai on March 4. A BCCI source told PTI that Tata has secured the rights for five years. The Indian multinational conglomerate had last year replaced Vivo as the title sponsor for the Indian Premier League. “The deal has […]

Representative image The Department of Pharmaceuticals under the Union government, on February 17, released the first tranche of incentives under the Product Linked Incentive (PLI) scheme of pharmaceuticals amounting to Rs 166 crore to four selected applicants. The companies which are set to be benefitted under the scheme in the first phase include Dr Reddy’s […]

Representative image OYO on Tuesday announced its plan to double the number of premium hotels in India with the addition of around 1,800 such hotels in 2023. Its premium hotel brands include Townhouse Oak, OYO Townhouse, Collection O and Capital O. OYO currently has about 1,800 premium hotels in India. The move is aimed at […]

Senior advocate Mukul Rohatgi, representing Torrent Investments concluded his arguments and submitted that the Insolvency & Bankruptcy Code (IBC) intends for maximisation of the value, but the focus should be on the revival of the assets. PTI February 21, 2023 / 02:36 PM IST Reliance Capital ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ […]

The bid document showed that NGEL intends to raise fresh debt and repay outstanding liability of Rs 8,200 crore towards NTPC by March 31, 2023 along with applicable interest cost. PTI February 21, 2023 / 12:26 PM IST NTPC ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < […]

In a statement, the winner said he was “shocked” and “ecstatic” over his win. (Representative image) Edtech firm NxtWave on Tuesday said it has raised USD 33 million (about Rs 272 crore) in its latest funding round led by private equity firm Greater Pacific Capital. NxtWave’s existing venture investor Orios Venture Partners also participated in […]

The board is expanding the search to ensure it finds suitable external candidates, they said, asking not to be identified discussing confidential information. February 21, 2023 / 07:29 AM IST Pedestrians stand in front of a Kotak Mahindra Bank Ltd. branch in Mumbai, India, on Saturday, April 21, 2018. Kotak Mahindra is scheduled to announce […]

Adani The Supreme Court on Monday refused to take on record the suggestion of one of the petitioners and a report published by Forbes in a batch of PILs on the recent Adani Group shares crash triggered by the Hindenburg Research’s fraud allegations. A bench comprising Chief Justice D Y Chandrachud and Justices P S […]

Lithium deposits discovered in J&K’s Reisa (Image Source: Irfan Amin Malik) The discovery of 5.9 million tonnes of lithium in Jammu & Kashmir’s Reasi district has undoubtedly created excitement in the country but it has also triggered a debate about the environmental fallout of mining in the ecologically sensitive Himalayas. On February 9, the Geological […]

Sales growth remained strong in mega and large cities despite the price increase, with metros and Tier I towns showing nearly 20 percent growth year-on-year.  Nestle raised prices of Maggi “Chotu,” by Rs 2 during the quarter, which meant the 35-gram pack of noodles was priced at Rs 7 instead of the earlier Rs 5. (Representative […]

As per a memorandum of understanding inked between the two entities, Uber will utilise the electric sedans in its premium category service, the companies said in a joint statement. PTI February 20, 2023 / 02:17 PM IST Uber (Representative image) ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] […]

The two entities have signed a sole distributorship agreement, which will see Al Ansari Motors bring Servotech’s EV charging capabilities to the potential electric vehicle adopting segment in these markets, SPSL said in a statement on Monday. PTI February 20, 2023 / 02:55 PM IST Lithium is used in electric vehicle (EV) batteries ‘); $ […]

The government has also asked Vedanta arm HZL to explore other cashless methods of acquisition of these assets. PTI February 20, 2023 / 02:25 PM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ // $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); // $ (‘.arw_green’).removeClass(“arw_green”).addClass(“arw_red”); //} if(resData[stkKey][‘percentchange’] >= 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); […]

It took 45 days in 2023 for electric two-wheelers (E2Ws) to cross 1 lakh units in sales compared to nearly 80 days in 2022. Leading the sales chart is Ola Electric, which had sold 28,000 units this year till February 15, as per data available on the Vahan portal of the Ministry of Road Transport and Highways. […]

Adani Group chairman Gautam Adani Almost a month after a bombshell short seller report lopped off $ 132 billion in market value from Gautam Adani’s empire, the Indian billionaire has hired top-shelf US crisis communication and legal teams, scrapped a $ 850 million coal plant purchase, reined in expenses, repaid some debt and promises to repay more. The ports-to-power conglomerate […]