Road transport minister Nitin Gadkari said India must develop world-class infrastructure to achieve its target of becoming a $5 trillion economy and the third largest in the world, as the prime minister envisions. To meet this goal, priority is being given to four key sectors including water, power, transport and communication, Gadkari said in his … Read more
Two-wheeler maker Suzuki Motorcycle India on Tuesday (May 20, 2025) laid the foundation stone of a manufacturing facility at Kharkhoda in Haryana, which will be developed at an initial investment of ₹1,200 crore. Located at IMT Kharkhoda HSIIDC industrial township and spread across 100 acres of land, the new manufacturing plant with a capacity to … Read more
SEBI has issued the warning due to violation of the disclosure norms. On December 2, 2024 morning at 9:58 am, Bhavish Aggarwal, the CMD, had shared details of Ola Electric’s plans for a four-fold expansion on social media platform X. Bhavish Aggarwal wrote, “Taking the Electric revolution to the next level this month. Going from 800 … Read more
Bajaj Auto has become the top player in India’s electric vehicle market by monthly volumes, across all categories, with over 25,000 sales and registrations in September. This comes on the back of a big push in expanding distribution by the company and steady demand of electric three-wheelers. In September, the company – according to … Read more
The company’s proposed IPO is a combination of a fresh issue of equity shares up to Rs 5,500 crore and an offer for sale (OFS) of 8.49 crore equity shares. 3 min read Last Updated : Jul 28 2024 | 1:54 PM IST Electric two-wheeler company Ola Electric Mobility will float its initial public … Read more
Bajaj Auto-backed Yulu, India’s largest shared electric mobility company, is eyeing international markets with its electric two-wheeler ecosystem around 2025-26. This expansion will be driven by a new product from Bajaj, alongside Yulu’s broader plans to grow its market presence and product offerings in India. The company aims to achieve profitability by 2024-25. Yulu is … Read more
Key points related to the buyback are – 4,00,000 equity shares, representing 1.41% of the total shares would be bought back at Rs 10,000/ share i.e, Rs 4,000 crore of total consideration (excluding the associated costs and fees). Company may later decide to increase the buyback price without increasing the total consideration amount of Rs … Read more
Classic Legends Private Limited (CLPL) is a subsidiary of Mahindra & Mahindra (M&M) incorporated in 2015 to revive classic motorcycle brands such as Jawa, Yezdi and BSA. M&M currently owns 60% of CLPL. CLPL is now raising fresh capital of Rs 875 cr to fund growth. M&M has decided to continue hold on to it’s … Read more