Mahindra & Mahindra and Hero Electric Vehicle Private Limited announced a strategic partnership

Mahindra & Mahindra and Hero Electric Vehicle Private Limited announced a strategic partnership in electric mobility. Both companies will enter into a 5 year contract with scope to enhance the area of collaboration in future. Over the contract period, the value of the transaction is expected to be in the range of Rs 140-150 crore. […]

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Ashoka Buildcon bags order worth Rs 111.51 crore:

Ashoka Buildcon had submitted offer to Bailey Properties Private Limited in respect of the project viz. ‘work of construction of Mall cum Multiplex, B2+B1+LG+G+4, near Pillar 64, Bailey Road, Patna on item rate basis’ (Project) to be completed within 15 months. The company has been awarded the project with the cost of Rs 111.51 Crore […]

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Indian Energy Exchange divest 4.93% equity stake to Indian Oil:

India Energy Exchange on Wednesday announced divesting 4.93 per cent equity stake to India’s largest oil company Indian Oil Corporation. IEX chairman and managing director SN Goel said that the move augurs well in the joint endeavour to build the gas market in India and is aligned with the government’s vision of accelerating the share […]

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Lupin partners with China’s Shenzhen Foncoo Pharmaceutical

Lupin has entered into a partnership with Shenzhen Foncoo Pharmaceutical Co. Ltd (Foncoo). This is Lupin’s first partnership arrangement in China and reinforces Lupin’s commitment to bringing high quality generic and complex generic medicines to patients around the world, company said in its release. Lupin was quoting at Rs 945.10, up Rs 2.55, or 0.27 […]

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Tata Motors hikes prices of passenger vehicles effective January 19

Tata Motors has announced a price hike for passenger vehicles effective January 19 with an average increase of 0.9 percent. There will no impact on price on cars booked on or before January 18, 2022. The company has also taken a price reduction of up to Rs 10,000 on specific variants, reported CNBC-TV18. Tata Motors […]

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Adani Green Energy crosses Rs 3 trillion m-cap

Adani Green Energy Ltd hit Rs 3 trillion market cap on January 18 after its shares advanced nearly 5% intraday to an all time high of Rs 1915.45 a piece. It is the first firm in Adani Group to achieve this milestone. According to company’s provisional operational update for the December quarter, sale of energy […]

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Maruti Suzuki shares under pressure:

Maruti Suzuki India share price fell over 2 percent after CLSA retained sell call on the stock with target of Rs 6,420 per share, a downside of over 25 percent from current market price. The research firm is of the view that safety norms in cars are likely to be tightened with six airbags likely […]

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Oil rises to more than 7-year high on Mideast tensions

Oil prices rose on Tuesday to a more than seven-year high on worries about possible supply disruptions after Yemen’s Houthi group attacked the United Arab Emirates, escalating hostilities between the Iran-aligned group and a Saudi Arabian-led coalition. The “new geopolitical tension added to ongoing signs of tightness across the market,” ANZ Research analyst said in […]

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Tech Mahindra share price rose 1 percent in the early trade on January 18

Tech Mahindra share price rose 1 percent in the early trade on January 18 a day after the company board approved acquisition of Com Tech Co IT. Tech Mahindra through its wholly owned subsidiary viz., Tech Mahindra London Limited approved the proposal to acquire 100 percent equity shares in Com Tec Co IT and 25 […]

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TVS Motor signs MoU with Swiggy

TVS Motor Company announced a strategic partnership with Swiggy. This partnership highlights TVS Motor Company’s commitment to strengthen electrification across diverse mobility segments and aligns with Swiggy’s many efforts to enable the adoption of EVs in its delivery fleet. As part of the MoU, TVS Motor and Swiggy will test the implementation of TVS Motor’s […]

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