Bajaj Auto Ltd and British bike maker Triumph Motorcycles on Monday said they have completed transfer of the latter's India sales and marketing operations to the Indian firm. The two companies would also be launching a jointly developed mid-sized range of bikes later this year. The development is part of the strategic partnership between the [...]
Multilateral funding agency ADB on Monday said it proposes to subscribe non-convertible debentures worth Rs 150 crore of Tata Power Delhi Distribution Ltd (TPDDL), to enhance Delhi’s power distribution through grid enhancements. Besides, Asian Development Bank (ADB) agreed to provide USD 2 million grant to partially finance the purchase and integration of a pilot battery [...]
Managed service provider The Executive Centre clocked a 24 per cent annual growth in revenue at USD 45 million during the last calendar year on rising demand for flexible workspace. Hong Kong-based The Executive Centre (TEC) entered India in 2008 with its first property in Mumbai. It currently has 40 centres, comprising about 15,000 desks [...]
In a move to strengthen its position as a leading player in the Asian food space, Speciality Restaurants Ltd is looking to clock a revenue of Rs 1,000 crore with technology intervention and brand refresh, a company official said on Monday. The multi-brand restaurant chain's standalone net profit in the first half of (April-September) FY'23 [...]
State-owned steel maker RINL is aiming to produce 55,000 wheels in the current financial year to meet the demand from Indian Railways, its CMD Atul Bhatt said. Visakhapatnam-based Rashtriya Ispat Nigam Ltd (RINL) has set up a forged wheel plant at Lalganj, in Uttar Pradesh at an estimated cost of Rs 2,350-crore with a capacity [...]
Sajjan Jindal-led JSW Group's business-to-business e-Commerce arm on Monday announced a Rs 205 crore fund raise from Japan's Mitsui & Co. The Series A funding, which is also the maiden capital raise from an institutional investor by JSW One Platforms, has been done at a valuation of Rs 2,750 crore, as per an official statement. [...]
Singapore-based investment firm Temasek will acquire an additional 41 per cent stake in Manipal Health Enterprises, to take majority control of the Bengaluru-based firm, as per a joint statement issued by the entities on Monday. The companies did not share financial details of the deal. Sources, however, said Temasek stake buyout would be for over [...]
The country's largest car maker Maruti Suzuki India aims to more than double its SUV sales this year and take the leadership position in the fast-growing segment with a market share of over 25 per cent, according to a senior company official. The auto major sold 2.02 lakh sports utility vehicles (SUVs) last financial year [...]
GAIL Gas Ltd, the city gas arm of the nation's largest gas firm GAIL (India) Ltd, on Sunday announced a reduction of up to Rs 7 in the prices of CNG and piped cooking gas following a reduction in input gas price. GAIL Gas cut the price of the gas that households received through piped [...]
Apollo Micro Systems Ltd (AMSL) has fixed May 4 as the record date to split its shares in ratio of 1:10. On March 28, the company's shareholders had approved a proposal for the share division through postal ballot, the company said in a statement. Subsequently, the board also passed the necessary resolution on April 6, [...]
