Electric vehicle charger and lithium-ion battery maker Exicom on Tuesday said it signed an agreement with Hero Electric to supply its battery management systems. Under the agreement, Hero Electric intends to purchase 5 lakh units of Exicom BMS (Battery Management Systems) per annum, the company said in a statement. Exicom will provide intelligent BMS, built [...]
The shares of Likhitha Infrastructure Limited gained as much as 2 percent till the afternoon on Tuesday and were trading at Rs 237 levels. The scrip gained after the company reported that it has received orders worth Rs 120 crore from various Oil and Gas Distribution Companies during the quarter from October 2022 to December [...]
After having a volatile year in 2022 which was led by geopolitical tension, rising inflation, and a surge in covid, the Indian market is still holding its ground. The benchmark indices Nifty and Sensex began the year in the green, indicating investor optimism. Here are two stocks recommended by analysts in 2023 for an upside [...]
Telecom operator Bharti Airtel on Tuesday announced the launch of its 5G services in Indore. In a statement, the company said customers with 5G-enabled devices will experience high speed Airtel 5G Plus network at no extra cost until the rollout is more widespread. "Currently operational at Vijay Nagar, Rasoma chowk, Bombay Hospital Square, Radisson square, [...]
State-owned Convergence Energy Services Ltd, a wholly-owned subsidiary of Energy Efficiency Services Ltd (EESL), on Tuesday said the prices discovered for the 6,465 electric bus tender were 29 per cent lower than what it costs to operate diesel buses. This unified tender constitutes demand for electric buses from six Indian states & UTs – Delhi, [...]
Agrochemicals maker Safex Chemicals Ltd on Tuesday said it plans to invest Rs 100 crore in its new agri-tech arm, AgCare Technologies, in the next 3-4 years for launching an interactive tech platform and for setting up a manufacturing unit. Speaking to PTI, the company's Group Director Piyush Jindal said, "We are investing Rs 100 [...]
In the year 2022, the Indian stock market stood tall and resilient amid headwinds like the geo-political crisis, inflation, and massive FII selling. In fact, it outperformed many major markets. Insurance behemoth, the Life Insurance Corporation of India (LIC) got listed on the bourses last year and it has already made investments in many Indian [...]
Society of Manufacturers of Electric Vehicles on Tuesday sought extension of subsidies for EVs under the FAME II scheme and also include light to heavy commercial vehicles in it to promote electric mobility. In its pre-Budget recommendations, the industry body also called for a uniform 5 per cent GST on spare parts for electric vehicles. [...]
State-owned Bank of Maharashtra (BoM) on Tuesday said it has posted a credit growth of 21.81 per cent to Rs 1.57 lakh crore for the third quarter ended December 2022. The outstanding credit was Rs 1.29 lakh crore at the end of December 31, 2021, BoM said in a regulatory filing. The bank's deposits aggregated [...]
The Indian economy and exports will be moderately impacted in 2023 by weak global demand and recession in large economies and to improve its current account, the country should aim at reducing energy import bill, economic think tank GTRI said on Tuesday. The Global Trade Research Initiative (GTRI) said that in 2022, India will pay [...]
