Havells India to Establish New Refrigerator Manufacturing Facility in Rajasthan Havells India Limited is enhancing its manufacturing capabilities by setting up a new refrigerator production facility in Ghiloth, Rajasthan. The new facility will have a proposed capacity of 1.4 million units. Operations are expected to commence by Q2 of FY 2027. The project involves an…
Tata Motors has launched its first Automated Manual Transmission (AMT) truck, the Prima 4440.S AMT, in Saudi Arabia, designed on the flagship Prima platform. The truck boasts advanced engineering, a powerful 400bhp Euro-V Cummins engine, and smart systems like Load-Based Speed Control and Auto Start-Stop for enhanced durability, fuel efficiency, and productivity. Unveiled during the…
NBCC (India) Limited, a National Stock Exchange-listed company, has received a significant work order worth approximately ₹112 crore. The project was awarded by the ST & SC Development, Minorities, and Backward Classes Welfare Department and focuses on enhancing educational infrastructure in Odisha. The project includes upgrading multiple Ashram schools to High Schools in locations such…
Finance Minister Nirmala Sitharaman, speaking at the 11th SBI Banking and Economics Conclave 2024, highlighted the challenges posed by high borrowing costs. She urged banks to make interest rates more affordable to enable industries to scale up and build capacities. Currently, the Reserve Bank of India’s (RBI) repo rate stands at 6.50 percent and has…
Waaree Energies Limited Q2 and H1 FY25 Financial Highlights Strong Q2 FY25 Performance:Waaree Energies Limited delivered robust financial results in the second quarter of FY25: Profit After Tax (PAT): The company achieved a 17.35% year-over-year (YoY) growth in PAT, reaching ₹3,756.59 million in Q2 FY25, compared to ₹3,201.21 million in Q2 FY24. EBITDA Growth: EBITDA…
PG Electroplast Partners with Spiro Mobility for Exclusive EV Manufacturing in India Key Responsibilities in the Partnership PG Technoplast Pvt. Ltd.: A subsidiary of PG Electroplast, PG Technoplast will establish and manage manufacturing facilities for electric vehicles, lithium-ion batteries, and related components. They will also oversee procurement of parts and raw materials as per Spiro…
The broking industry is facing significant challenges due to recent regulatory changes, particularly impacting discount brokers. Key changes include: Restrictions on Utilizing Traders’ Funds:Previously, brokers could retain traders’ unused funds in their accounts and earn interest on them. However, new regulations require brokers to transfer these funds back to traders’ bank accounts, cutting off a…
NSE:MGLL:Rs.1,128.35(-14.04%) and NE:IGL:Rs.325.30(-9.84%) at 18-Nov-2024 at 3.30 pm Today, shares of IGL and MGL experienced a significant crash. These two companies, which are city gas distributors operating in Gujarat and Maharashtra, were severely impacted by recent GAIL & ONGC decision. GAIL, which had been supplying gas to these companies at lower prices, reduced Administered Price Mechanism…
On November 16, 2024, Datamatics Global Services Ltd announced the incorporation of a wholly-owned subsidiary, Datamatics Global Services LLC-FZ, in the Meydan Free Zone, Dubai, UAE. Established on November 15, 2024, the subsidiary has an initial share capital of AED 50,000. As a wholly-owned entity, it is classified as a related party of Datamatics Global…
The stock market will remain closed for four days next week, including Wednesday, November 20, due to the Maharashtra elections. Last week, the Nifty index fell by 2.30%. Here are the key factors expected to influence market movements in the coming week: Maharashtra Election Results: The election results, set to be announced on November 23,…