Money is being raised by Greaves Electric Mobility (GEM), currently a 100% subsidiary of Greaves Cotton Limited (GCL). It has got total commitments of $220 mn from Abdul Latif Jameel (ALJ), a family-owned diversified business founded in Saudi Arabia in 1945. Key points to note – ALJ is a leading distributor of Toyota products for … Read more
Hero Motocorp Ltd (HML) at 34% market share is the largest two wheeler manufacturer in India. Given the increasing interest in Electric Vehicles (EV) globally, market has been keenly awaiting the launch by HML. The Company has also made it’s intentions clear –Â beside in the process of launching it’s own EV, it has also … Read more
Ms. Sandberg has led Facebook — now Meta’s — advertising business and was responsible for nurturing it from its infancy Sheryl Sandberg, the No. 2 executive at Facebook owner Meta, is stepping down, according to a post on Wednesday on her Facebook page. Ms. Sandberg has served as chief operating officer at the social media … Read more
Maruti Suzuki India (MSI) wants the government to reconsider the proposal to make six airbags mandatory in passenger vehicles, saying the norm will adversely hit the already shrinking small car market and may even impact jobs in the auto sector going ahead. The auto major noted that the regulation would largely impact the cost-sensitive … Read more
United Spirits Limited (USL), a subsidiary of British alcohol major Diageo, has been strategically reviewing it’s Popular brand portfolio since February 2021. The review is a part of it’s strategy to increase profit by focusing on the premium brands. It has now announced the following deal with Inbrew Beverages Private Limited (“Inbrew”)- Sale of 32 … Read more
Pratik Pota, the man widely credited for Jubilant’s turnaround had resigned as CEO in January 2022. Since then, there has been a significant overhang of his resignation on the Company’s stock price (corrected by >40%). It was though in any case over extended, trading at a trailing P/E of >150x then. Even after the decline, … Read more
Memorandum of Understanding (MoU) is signed by Tata Passenger Electric Mobility Limited (TPEML), a subsidiary of Tata Motors Ltd (TML). Key points to note – Subject facility is located in Sanand, Gujarat. This unit is adjacent to the already existing plant of TML at Sanand, which should help in a smooth transition. Potential acquisition would … Read more
Gujarat Co-operative Milk Marketing Federation Limited (GCMMF) that sells products under the Amul brand has forayed into organic whole wheat flour, and plans to expand the range to include organic pulses and rice, the cooperative said on Saturday. “The prime objective of launching Organic Atta is to help our customers embark on a mission to … Read more
Key reasons for this dilemma and my take on them. Checkout if it makes sense to you.