Ola Electric Mobility Limited reaffirmed its commitment to transforming India into a global EV and new energy hub by announcing a series of new products and future plans across its EV and energy verticals. Expanding the EV Portfolio The company entered the electric motorcycle segment with the launch of its Roadster series, comprising the Roadster, …
REC Limited informed in a stock exchange filing that the company’s wholly-owned subsidiary, REC Power Development & Consultancy Limited (RECPDCL), has incorporated a wholly-owned subsidiary, Rajasthan IV 4B Power Transmission Limited. The new company was officially incorporated on August 14, 2024. It is established with an authorised and paid-up capital of ₹5,00,000 each. The creation …
Arman Financial Services reported its financial results for the quarter ended June 30, 2024 (Q1 FY 2025). The company reported that the consolidated Asset Under Management (AUM) reached approximately ₹2,594 crore, marking a 21% year-on-year growth. Due to macroeconomic challenges, disbursement activity slowed, with disbursements for Q1 FY25 totalling around ₹459 crore. Net total income …
According to a senior executive of the Steel Authority of India Limited (SAIL), the company’s blended realisations could decline further sequentially by ~₹1,000 per tonne this quarter due to continued pressure from low-priced Chinese steel imports. For the June quarter, net sales realisation, or blended steel prices, were ₹53,700 per tonne, down ₹800 from the …
Shares of Morepen Laboratories have been on a remarkable upward trajectory, with the stock surging 16% on Monday to reach a fresh three-year high. The stock opened at Rs 61.50 and continued to strengthen throughout the day, touching an intraday high of Rs 71.50. This rally has caught the attention of investors and analysts alike, …
Introduction to Kitex Garments Ltd (KGL) Incorporated in 1992, Kitex Garments has grown under the leadership of Mr. Sabu Jacob to become a significant player in the global infantwear market. Alongside its sister company, Kitex Childrenswear Ltd (KCL), which holds a 15.9% stake in KGL, the company manufactures and exports high-quality infant garments to prominent …
Hero MotoCorp, formerly known as “Hero Honda,” is one of India’s biggest motorcycle manufacturers, announced on Sunday that it has received a major tax demand notice from Delhi GST authorities, of over Rs.17 crore. The notice, dated August 17, 2024, majorly talks about the disallowance of input tax credit for the financial year 2019-20. According …
Zomato, a food delivery and restaurant search engine, has said that it will start eliminating photographs of dishes produced by artificial intelligence (AI) from its platform. This choice was made in response to several consumer complaints about how deceptive these photos were. Zomato’s CEO, Deepinder Goyal, responded to the complaints made by users in a …
Cello World Limited has established a wholly owned subsidiary, “Cello Consumer Products Private Limited”. No governmental or regulatory approvals are required for the acquisition, and there is no indicative time period for its completion. It has both authorised and paid-up capital of ₹1,00,000. As the business operations have not yet commenced, details about its size …
Prism Johnson Ltd has announced its strategic investment in Sunbath Sanitary Private Limited, marking a significant step in its expansion within the sanitaryware sector. Prism Johnson has entered into a Shareholders Agreement with Sunbath, a company based in Morbi, Gujarat, which specialises in the manufacturing of sanitaryware. This investment involves Prism Johnson acquiring 50% of …
