RattanIndia Enterprises Ltd will acquire a 100% stake in Electric motorcycle maker Revolt Motors. The company had earlier acquired 33.84% of the shares with an option to further increase the shareholding. “Revolt is currently by far the best EV bike in the world. It is truly world class in all aspects – its technology, cost,
The new factory is a part of Motherson’s Modules and Polymer Products division and will manufacture interior modules and components for light commercial vehicles and passenger cars, like as instrument panels and door panels. This is Motherson’s newest facility in Morocco. The new 15,000 square-metre facility, which is twice the size of the existing facility, will
In response to news that the real estate company had sold 292 opulent residences in Gurugram for more than Rs 1,800 crore just a few days after the project’s debut, DLF’s stock increased by about 4% on Thursday. On September 26, DLF officially unveiled its “The Grove” project in Gurugram, Haryana’s DLF phase-5. According to
Thursday’s intraday trading saw a 6% increase in Zee Entertainment Enterprises (ZEEL) share price to Rs 283.75 following the Competition Commission of India’s (CCI) conditional clearance of the company’s proposed merger with Sony Pictures Networks (SPN) India. The merger of Zee Entertainment Enterprises Limited and Bangla Entertainment Private Limited (BEPL) with Culver Max Entertainment Private
The sale of a 9.99% share in Aditya Birla Health Insurance Co. Limited has been authorised by the Insurance Regulatory and Development Authority of India (IRDAI), according to Aditya Birla Capital Limited (ABHI). According to the company, on August 12, 2022, “subject to regulatory and other statutory approvals, the boards of Aditya Birla Capital Limited
Following the United States Food and Drug Administration’s (USFDA) provisional permission for the sale of Amantadine extended-release capsules, Zydus Lifesciences increased 2.39% to Rs 419.10 on the news. Amantadine is used to treat dyskinesia (sudden uncontrollable movements) in Parkinson’s disease patients receiving levodopa therapy, either with or without dopaminergic drugs. The medicine will be produced,
L&T Construction’s Power Transmission & Distribution Division has received several orders both domestically and overseas. The company has been given permission to build a 765kV transmission line in Gujarat. This network extension will improve the “available power transfer capacity” from the interstate transmission system. In North-East India, an order has been received to modernise the
Hindustan Zinc, producing more mined metal than ever in the second quarter, at 255 kt, a 3% YoY increase, was made possible by higher grades and greater mill recoveries. Better grades accounted for the majority of the 1% sequential gain. With increased smelter performance, greater mined metal supply, and base impact from a lengthy maintenance
Dilip Buildcon has acquired a letter of acceptance (LoA) from the Guiarat Metro Rail Corporation (GMRC) (Authority) in the Gujarati state through its joint venture RBL-DBL. The project is for building a 10.559 km elevated viaduct and 11 stations (Excl, E&M, Architectural Finishing and Roofing) for Surat Metro Rail Project phase- 1, Corridor-2 (Package 1),
According to the HDFC bank’s quarterly business statement posted on the stock exchanges on Tuesday, deposits increased 19% year over year to Rs 16.73 lakh crore in the quarter ended in September. Retail deposits increased by 5.5% sequentially and by 20.5% over the last year. Wholesale deposits grew by 12.5% over the previous year. To
