Two-Wheeler Market: Hero MotoCorp CEO’s Growth Forecast
The domestic two-wheeler market is expected to witness a double-digit revenue growth in the next fiscal year (FY25), according to Hero MotoCorp CEO Niranjan Gupta. He attributed this optimism to the increasing demand for premium models and an anticipated improvement in entry-level two-wheeler sales. Premiumisation of the market Gupta said that there is a shift […]
Zee Seeks ₹68.54 Cr Refund from Star India over ICC cricket rights
Zee Entertainment Enterprises Ltd (ZEEL) has filed a legal case against Star India, a subsidiary of Walt Disney, for violating the agreement of ICC cricket rights. ZEEL has demanded a refund of ₹68.54 crore from Star India, as per its Q3 financial statement. The Background of ICC Cricket Rights In August 2022, ZEEL had entered […]
RVNL record Order Book of Rs 65,000 Crore, Expands Overseas
RVNL, a public sector undertaking under the Ministry of Railways, has achieved a record order book of Rs 65,000 crore and is expanding its presence in foreign markets. The company, which is involved in project development, financing and implementation of rail infrastructure projects, has diversified its portfolio to include Vande Bharat trains, metro projects, electrification […]
Braithwaite Rs 180 Crore Railway Deal: 500 Wagons
Braithwaite & Co Ltd, a central public sector undertaking, has bagged an order worth Rs 180 crore from the railways to supply 500 BCVM-C type wagons, also known as brake vans. This is a significant achievement for the company, which has been diversifying its business portfolio and enhancing its order pipeline. What are BCVM-C type […]
VinFast Secures 400 Acres in Thoothukudi for EV Plant
VinFast, a leading electric vehicle (EV) manufacturer from Vietnam, has secured about 400 acres of land at an industrial estate owned by the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) in Thoothukudi for its first India plant. The ground breaking ceremony for the integrated facility that will manufacture electric cars and batteries is scheduled […]
First Green Hydrogen Plant by CIAL and BPCL at Cochin
Cochin International Airport Limited (CIAL) has announced a strategic agreement with Bharat Petroleum Corporation Limited (BPCL) to set up the world’s first green hydrogen plant and fueling station within an airport setting. The plant will have a capacity of 1000 kilowatts and will use renewable energy sources to produce green hydrogen, which is considered a […]
Akasa Air to Launch Mumbai-Doha Flights from Mar 28
Akasa Air, India’s fastest-growing airline, announced its international operations with the launch of its first destination – Doha, the capital of Qatar. Starting from March 28, 2024, Akasa Air will operate four non-stop flights a week, connecting Mumbai with Doha, enhancing air connectivity between Qatar and India. Why Doha? Doha is one of the key […]
Bharti Airtel to Allot 2.06 Cr Shares for FCCBs
Bharti Airtel, India’s second-largest telecom operator, has announced that it will allot 2.06 crore equity shares to certain holders of its foreign currency convertible bonds (FCCBs) at a conversion price of Rs 518 per share. This will increase the company’s paid-up equity share capital by Rs 103 crore. What are FCCBs? FCCBs are debt instruments […]
Walmart Targets MSMEs for $10B India Export Goal
Walmart, the global retail giant, has announced its ambitious plan to triple its exports of goods from India to $10 billion annually by 2027. The company said that it has already sourced more than $30 billion in products across categories from India in the last two decades. Vriddhi Programme One of the key initiatives that […]
Manappuram Updates ₹1,500 Cr Asirvad Micro Finance IPO
Asirvad Micro Finance, a subsidiary of Manappuram Finance, has filed an addendum to its ₹1,500 crore initial public offer (IPO) with the Securities and Exchange Board of India (SEBI) on Friday (February 16). The company had filed the draft red herring prospectus (DRHP) for the IPO on October 5, 2023, but SEBI put it on […]