Kabra Extrusion Technik Ltd. (BSE: 524109, NSE: KABRAEXTRU, ISIN: INE900B01029) and Eve Power Co. Ltd. (EVE) have formed a collaboration to deliver advanced Battery Energy Storage System (BESS) solutions in India. Under this agreement, EVE will supply battery cells and DC-side ESS products to Kabra, which will then assemble and integrate these products at its…
In recent years, particularly since the outbreak of the Covid-19 pandemic, there has been a significant surge in the focus on financial inclusion worldwide. The pandemic highlighted existing disparities in access to financial services and underscored the urgent need for economic equality and opportunities for everyone, regardless of their socioeconomic status. At the heart of…
Minority shareholders are poised to benefit from ITC’s demerger of its hotel business into a separate entity, ITC Hotels, potentially unlocking value and improving the FMCG giant’s return ratios, according to reports from four proxy advisory firms. The reports from InGovern Research Services, ISS, SES, and others come ahead of ITC’s shareholder meeting on June…
Kerala Monsoon Live News Updates: Yesterday, there were extreme temperatures. Heatwave to severe heatwave situation is prevailing in many states. Today, these extreme temperatures will persist. We have issued a red alert in western Rajasthan, Punjab, Haryana, UP and MP. After this, the temperatures will gradually fall. The severity of the heatwave will decrease from…
Brokerage firms remain optimistic about Life Insurance Corporation of India Ltd (LIC) shares, projecting up to a 42 percent increase following its quarterly earnings. Analysts note that while LIC’s overall performance met expectations, the key driver was the growth in the value of new business (VNB), despite a muted topline. Ashika Institutional Equity Research highlighted…
Hindustan Aeronautics Limited (HAL) shares are expected to attract attention from investors on Wednesday as India and France begin negotiations for a ₹50,000 crore deal involving 26 Rafale Marine fighter jets. According to a report by ANI, the talks will commence on May 30 with the arrival of a high-level French delegation. The French team,…
DCM Shriram Industries announced a 23% increase in consolidated net profit to Rs 38.64 crore for the fourth quarter of the fiscal year 2023-24, compared to Rs 31.53 crore in the same period of the previous fiscal year, as per a regulatory filing. Total income for the January-March quarter of 2023-24 decreased to Rs 516.61…
Overseas investors are increasingly purchasing longer-duration Indian government bonds in anticipation of their inclusion in JPMorgan’s emerging market debt index, as they expect these securities to attract significant passive flows. According to clearing house data, foreign investors have sold a net of 117 billion rupees ($1.41 billion) of government bonds in the last 10 weeks,…
Hyundai Motor Co. has enlisted Kotak Mahindra Bank Ltd. and Morgan Stanley as advisers for a potential initial public offering (IPO) of its India unit, according to sources familiar with the matter. This move could lead to one of the largest-ever listings in India. Kotak and Morgan Stanley join Citigroup Inc., HSBC Holdings Plc, and…