Mercedes-AMG has launched the C 63 S E Performance, a powerful hybrid sedan, in India, priced at Rs 1.95 crore (ex-showroom). Deliveries are scheduled to begin in Q2 2025. This model stands out as the world’s most powerful production sedan with a four-cylinder engine. Key highlights include: Hybrid Powertrain: This sedan combines a front-mounted four-cylinder…
Dilip Buildcon Limited’s (DBL) crucial involvement in the Bharat Net Phase III project. This project, awarded to the STL-DBL Consortium by Bharat Sanchar Nigam Limited (BSNL), aims to enhance broadband connectivity across Jammu & Kashmir and Ladakh. Consortium Partnership and DBL’s Prominent Role: The STL-DBL Consortium, which includes Sterlite Technologies Limited (STL) and Dilip Buildcon…
Yesterday, mutual fund data for October was released, and today, after market hours, October’s inflation data came in at 6.21%, higher than the expected 5.81%. This inflation figure will be key for the RBI as it considers any potential rate cut. In the RBI’s upcoming monthly meeting, they will closely review the inflation rate before…
Recent sources highlight three new work orders awarded to NBCC (India) Limited, a public sector company specializing in construction and project management. These orders reflect the company’s diverse project portfolio and steady business growth. Details of Work Orders: Interior Fit-Out Works for GAIL (India) Limited: NBCC will handle planning, designing, and execution of interior fit-out…
Nifty : 23,883.45 (-1.07%) & Sensex : 78,675.18 (-1.03%) Today, the market closed in the red once again. Several factors continue to drive the market’s decline, though there are no new reasons contributing to today’s fall. There are two primary reasons for the recent fall in the Indian stock market: Heavy Selling by Foreign Institutional…
On November 11, 2024, Power Grid Corporation of India Limited (POWERGRID) acquired two special purpose vehicles (SPVs): Bikaner A Power Transmission Limited (BAPTL) and Bikaner B Power Transmission Limited (BBPTL). These acquisitions were achieved through successful bids by POWERGRID under the Tariff Based Competitive Bidding (TBCB) process. Acquisition Highlights: Objective: The acquisitions aim to establish…
On November 12, 2024, Godrej Industries Limited entered into a business transfer agreement with Savannah Surfactants Limited (Goa), acquiring its Food Additives and Emulsifier business. This acquisition, which is part of Godrej Industries’ Chemicals Business, will expand its product offerings and strengthen its position in the specialty chemicals market. Objective of the Acquisition Godrej Industries’…
Reliance Industries Ltd (RIL) is set to invest Rs 65,000 crore over the next five years to establish 500 compressed biogas (CBG) plants across Andhra Pradesh. This marks RIL’s largest investment outside Gujarat and is part of its renewable energy push. Each of these plants will require an investment of Rs 130 crore and will…
Ausom Enterprise Limited has received a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Limited (GUVNL) for procuring power through a competitive bidding process. To manage this project, Ausom will create a wholly-owned subsidiary in the form of a Special Purpose Vehicle (SPV), which will be registered under a name like “Ausom Power Private…