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Shares of "Kernex Microsystems" and "HBL Power Systems" surged after the Indian government floated tenders worth Rs 2,20...
05/09/2024

Shares of "Kernex Microsystems" and "HBL Power Systems" surged after the Indian government floated tenders worth Rs 2,200 crore for the anti-collision system ‘Kavach’ for Indian Railways. Kernex Microsystems locked in a 5% upper circuit at Rs 838.50, while HBL Power Systems rose 2.65% to Rs 644.40.

Kernex Microsystems and HBL Power Systems are Indian manufacturers that have previously been approved for making and deploying 'Kavach' in Indian Railways.

Source: Business Standard

Bajaj Auto has sold over 5,000 Freedom 125 CNG bikes since July 5 launch. World’s first CNG-powered motorcycle witnesses...
05/09/2024

Bajaj Auto has sold over 5,000 Freedom 125 CNG bikes since July 5 launch. World’s first CNG-powered motorcycle witnesses growing demand, registers retail sales of 4,109 units in August, its first full month of market availability, and 637 units in the first four days of September. Bajaj Auto, which is ramping up production for the Freedom 125, will be aiming for higher numbers in the festive season.

The Karnataka government has temporarily halted its order suspending all transactions with the Central government-run St...
05/09/2024

The Karnataka government has temporarily halted its order suspending all transactions with the Central government-run State Bank of India (SBI) and Punjab National Bank (PNB), just three days after it was issued. The pause, set for 15 days, comes after the banks requested additional time to address the concerns.
Source: NDTV

Glenmark Pharmaceuticals to pay $25 million over five years to settle US investigations related to pricing practices of ...
05/09/2024

Glenmark Pharmaceuticals to pay $25 million over five years to settle US investigations related to pricing practices of a generic drug. Glenmark Pharma Ltd. has entered into a settlement with the US Department of Justice as per which the company will pay $25 million over a five-year period to the US and also pay interest at 4.25% per annum from May 28, 2024.
Source: CNBC

Mahindra & Mahindra has announced a ₹1.5 lakh discount on Thar 3-door SUV following Thar Roxx's launch..... Check out th...
03/09/2024

Mahindra & Mahindra has announced a ₹1.5 lakh discount on Thar 3-door SUV following Thar Roxx's launch.....

Check out the Official Mahindra & Mahindra Website for complete details...

Hindustan Composites (Auto ancillary firm) to acquire 1.5 lakh shares of Swiggy for Rs 5 Cr, a 0.01% stake, completion i...
03/09/2024

Hindustan Composites (Auto ancillary firm) to acquire 1.5 lakh shares of Swiggy for Rs 5 Cr, a 0.01% stake, completion is expected by November 30, 2024.

The stock has delivered 32.25 % returns in 2024 so far and in the last three years, 95.86 %, as per BSE data.

Container Corporation of India to resume coastal cargo transport, enhancing last-mile connectivity following MoU with Sh...
02/09/2024

Container Corporation of India to resume coastal cargo transport, enhancing last-mile connectivity following MoU with Shipping Corporation of India.

Suzlon Energy plans to acquire a 76% stake in Renom Energy Services for ₹660 crore to strengthen its market position in ...
02/09/2024

Suzlon Energy plans to acquire a 76% stake in Renom Energy Services for ₹660 crore to strengthen its market position in wind energy O&M services.

Axis Securities initiates coverage on Chalet Hotels with a buy rating and target price of Rs 975, indicating a 17% upsid...
02/09/2024

Axis Securities initiates coverage on Chalet Hotels with a buy rating and target price of Rs 975, indicating a 17% upside potential.

HDFC Bank signs MoU with JLR India for auto financing, becoming their preferred vehicle financier with special consumer ...
02/09/2024

HDFC Bank signs MoU with JLR India for auto financing, becoming their preferred vehicle financier with special consumer benefits.

Ramkrishna Forgings to invest Rs 57.5 crore in aluminum forging facility for EV market, expected operational by Q2 FY26,...
02/09/2024

Ramkrishna Forgings to invest Rs 57.5 crore in aluminum forging facility for EV market, expected operational by Q2 FY26, generating Rs 175 crore revenue annually.

TVS Motor Company reports 13% YoY sales growth in August 2024, with total sales reaching 391,588 units and a 23.45% incr...
02/09/2024

TVS Motor Company reports 13% YoY sales growth in August 2024, with total sales reaching 391,588 units and a 23.45% increase in Q1 FY25 net profit.

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