Tejas Networks has received an advance purchase order of ₹ 696 crores for a Pan-India router network from Bharat Sanchar Nigam Limited (BSNL). It won this order while competing against top-tier global vendors in an open tender, and emerged as the lowest commercial bidder. At 01:54 PM, the Tejas Networks’s shares were trading 5.02% higher [...]
Sundaram Home Finance, which forayed into the small business loans segment in 2022, has drawn up plans to double its footprint in Tamil Nadu, the company said on Monday. The wholly-owned subsidiary of non-banking finance company Sundaram Finance also planned to hire over 100 people under the small business loans segment in the first six [...]
VE Commercial Vehicles Ltd on Monday reported a 35.2 per cent increase in sales at 11,906 units in March 2023, as compared to 8,803 units in the same month last year. The company, a joint venture of the Volvo Group and Eicher Motors, said Eicher branded trucks and recorded sales of 11,677 units last month, [...]
Mahindra & Mahindra (M&M) on Monday said its total sales increased by 21 per cent year-on-year to 66,091 units in March. The company had dispatched 54,643 units to dealers in March 2022. In a statement, the Mumbai-based auto major said its utility vehicle wholesales rose by 31 per cent to 35,976 utility vehicles in March, [...]
Orient Electric Ltd, on Friday, announced the appointment of Rajan Gupta as its Managing Director and CEO as the incumbent Rakesh Khanna resigned from the company after a stint of 8 years. The appointment has been made for a period of 5 years effective from April 4th, 2023, till April 03, 2028, subject to the [...]
Shares of Rail Vikas Nigam Limited (RVNL) surged 8.67% on Monday’s early trades to reach an intraday high of ₹ 74.55 apiece after the company received multiple orders aggregating to an amount of more than ₹ 16,000 crores. At 12:25 PM, its shares were trading at ₹ 74.25 apiece, up 8.24% A consortium of Tracks [...]
Shares of Hero MotoCorp on Monday gained over 3 per cent in late morning trade after the firm reported a rise in total sales for March. The stock of two-wheeler maker jumped 3.30 per cent to Rs 2,424.50 in late morning trade on the BSE. The company's scrip witnessed a similar movement on the NSE, [...]
Professional networking startup Blue Circle on Monday said it has raised a fresh round of funding from leading CXOs from private equity, tech, healthcare and legal sectors. The Gurugram-based startup has raised more than USD 500,000 through 2 rounds of angel funding so far and is planning a pre-series A round in next few months, [...]
State-owned SAIL has produced a record 18.28 million tonnes (MT) of crude steel during financial year 2022-23, registering a year-on-year rise of 5.3 per cent. The production of hot metal also rose by 3.6 per cent to 19.40 MT during the financial year ended March 31. In a statement, the Steel Authority of India (SAIL) [...]
Odisha Chief Minister Naveen Patnaik will Monday embark on a week-long tour to Japan in a bid to attract investments for the eastern state in various sectors, officials said. During the visit, Patnaik is likely to attend programmes in Tokyo, Kyoto and Osaka and return on April 9, they said. “We are optimistic about wooing [...]
