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Ola Electric Shares Plunge Below Rs 100, Down 15% in September

Ola Electric Shares Plunge Below Rs 100, Down 15% in September

30 September 2024

Ola Electric Shares Dip Below Rs 100 Mark Shares of Ola Electric Mobility Ltd. witnessed a decline on Monday, marking the ninth drop in the last eleven trading sessions. This dip took the stock below the significant Rs 100 level, which is the first time since its public listing in August. As of now, Ola …

LTIMindtree strengthens a pact with UK retailer Currys

LTIMindtree strengthens a pact with UK retailer Currys

30 September 2024

LTIMindtree, according to the recent reports, has taken its partnership with UK tech retailer Currys to the next level, helping the retailer transform how it serves customers both online and in-store. Since teaming up in 2021, the duo has revamped Currys’ omnichannel experience, which earned them the Salesforce Partner Innovation Award at Dreamforce 2024 in …

NLC India’s 10 Years of Renewable Energy Celebration

NLC India’s 10 Years of Renewable Energy Celebration

30 September 2024

NLC India Limited, a Navratna Public Sector Enterprise under the Ministry of Coal, celebrated its 10th anniversary in renewable energy generation. This milestone underscores a significant journey that commenced on September 28, 2015, with the commissioning of a 10 MW solar photovoltaic power plant in Neyveli. NLC India has been instrumental in transitioning the country …

Persistent Systems Acquires Arrka to Strengthen AI and Data Privacy Offerings

Persistent Systems Acquires Arrka to Strengthen AI and Data Privacy Offerings

30 September 2024

On September 30, 2024, Persistent Systems announced its plans to acquire Arrka, a leading Pune-based data privacy company. This strategic move strengthens Persistent’s position in AI-led, platform-driven services and allows it to offer comprehensive digital governance solutions, including data privacy, AI governance, and cybersecurity. Arrka’s decade-long expertise in data privacy and its innovative Data Privacy …

Kaynes Technology India Limited to Acquire Iskraemeco India for ₹42.99 crore

Kaynes Technology India Limited to Acquire Iskraemeco India for ₹42.99 crore

30 September 2024

Kaynes Technology India Limited has announced the acquisition of Iskraemeco India Private Limited, a leading provider of smart metering solutions. This strategic move aims to enhance Kaynes’ product offerings and strengthen its position in the market. Through a Share Purchase Agreement executed on September 28, 2024, Kaynes will acquire 100% of Iskraemeco India’s equity shares …

Atul Auto Invests ₹4.91 Crore in its Wholly-Owned Subsidiary

Atul Auto Invests ₹4.91 Crore in its Wholly-Owned Subsidiary

30 September 2024

Atul Auto Limited has made a significant investment of ₹4.91 crore in its wholly-owned subsidiary, Khushbu Auto Finance Limited (KAFL), by subscribing to equity shares on a rights basis. This investment was completed on September 28, 2024, with the company acquiring 26,00,000 equity shares of KAFL at a face value of ₹10 each, issued at …

Best Battery Stocks in October 2024 – Based on 5yr CAGR

Best Battery Stocks in October 2024 – Based on 5yr CAGR

30 September 2024

The battery market in India is flourishing, driven by government initiatives promoting electric vehicles, increasing demand for energy storage systems powered by renewable energy, and the growing use of consumer electronics. This growth is further propelled by rising environmental consciousness, urbanisation, and technological advancements. The Indian battery market is projected to grow at a CAGR …

Marsons Limited to Expand into the Renewable Energy Sector with Solar and Wind Focus

Marsons Limited to Expand into the Renewable Energy Sector with Solar and Wind Focus

30 September 2024

Marsons Limited announced that the company is entering into the renewable energy sector. The company was historically focused on the Transmission and Distribution (T&D) Transformer segment and has announced its strategic entry into the renewable energy sector.  The company stated that this move is part of its broader effort to diversify its portfolio and strengthen …

Eicher Motors Ltd’s Royal Enfield Recalls Motorcycles Due to Reflector Issue

Eicher Motors Ltd’s Royal Enfield Recalls Motorcycles Due to Reflector Issue

30 September 2024

Eicher Motors Limited, the parent company of Royal Enfield, has announced a proactive service action concerning certain motorcycles manufactured between November 2022 and March 2023.  During routine testing, Royal Enfield identified a potential issue with the rear and/or side reflectors fitted on these motorcycles. The company found that some reflectors might not meet the required …

Asian Energy Services Wins ₹82 Crore Contract from Oil India

Asian Energy Services Wins ₹82 Crore Contract from Oil India

30 September 2024

Asian Energy Services Limited has secured an order from Oil India for the 2D Seismic Data Acquisition of 4,300 LKM in the Rajasthan Basin under Mission Anveshan. The contract is valued at approximately ₹82 crore, inclusive of taxes and duties, and will be executed over 18 months.  This project further strengthens Asian Energy Services’ position …

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