The company has made the investment through its Singapore-based subsidiary Foxconn Singapore Pte Limited.
The company is set for a record year in terms of sales in 2023. It has already clocked a total of 2,10,479 units in the January-November period of 2023, beating the previous highest yearly sales of 1.72 lakh units in 2012.
Under the cooperation, EKA Mobility will receive significant and strategic investments from Mitsui and technological support and an equity partnership from VDL Groep, a leading Dutch technology firm, the company said in a statement.
Market experts strongly believe the demand will not only sustain in 2024 but rise further, albeit at a slower pace, on high economic growth and expectations of a fall in home loan interest rate.
Halvad Transmission, a special purpose vehicle, has been set up by PFC Consulting for evacuating 7GW of renewable energy (RE) from Khavda RE park, Gujarat.
ATSFL and EHL would hold a 49 per cent and 51 per cent shareholding, respectively, in the proposed joint venture with equal participation in the board of directors of the company, according to a regulatory filing.
In a statement, AGEL said it completed "1,050 MW joint venture (JV) with TotalEnergies. As part of the JV, TotalEnergies invested USD 300 million in AGEL subsidiary, for acquiring 50% stake in the projects."
Robust economic growth, an infrastructure push and a pause in interest-rate increases have helped propel its equity market to successive highs.
Aditya Birla Capital also announced that is investing Rs 50 crore in its another wholly-owned subsidiary, Aditya Birla Capital Digital. Both the investments are aimed at meeting the growth and funding requirements, it informed the exchanges
The land parcel, which is located in one of Mumbai's prime area Lower Parel, would be sold to Aethon Developers, an arm of Runwal Developers, as per a regulatory filing
The development comes at a time when Kalyani, the Chairman and Managing Director of Bharat Forge, is locked in a legal battle with his sister Sugandha Hiremath for the ownership of Hikal.
The green energy arm of billionaire Gautam Adani’s coal-to-airports conglomerate signed a 25-year contract with Solar Energy Corp. of India, or Seci, for the remaining 1.8 gigawatts, it said Monday.
The government’s infrastructure push and favourable raw material prices should hold it in good stead through the rest of this fiscal year
The scope comprises a mix of equipment supply with limited scope EPC (engineering procurement construction) for 180 MW and end-to-end turnkey execution for 99 MW, a company statement said.
In a regulatory filing, the company said it has "sold inventory worth over Rs 2,600 crore in its project Godrej Aristocrat, located in Sector 49 on Golf Course Extension Road, Gurugram. "
The demand notice has been issued by the Chhattisgarh taxation authority, and pertains to the period of fiscal year 2017-18.
Under the merger, Spacenet shareholders will get one share of the new entity for every four they hold.
Topsoe will provide its sustainable flue-gas treatment technology SNOXTM, the company said in a statement.
The company's investment in equity shares of Eco Hotels India is swapped with equity shares of the latter in the ratio of 1:1, Easy Trip Planners, which operates under brand EaseMyTrip, said in a regulatory filing.
Credit growth is expected to be strong and there is stability in margin and credit cost
The real problem turns out to be receivables—the money owed to them for goods or services rendered, which had yet to be settled by their buyers. Also, GST refunds getting stuck. And big business – the principal buyer for products and services of MSMEs – was often the key culprit
The business outlook may seem promising, but several factors warrant attention while subscribing to this IPO
“ZEE’s notice to the Bombay Stock Exchange and the National Stock Exchange of India dated December 17 is an acknowledgement that they will not be able to meet the December 21, 2023 deadline to close the SPNI/ZEE merger,” Sony India said.
The US firm kicked off 2023 with allegations of accounting fraud and stock manipulation against Indian billionaire Gautam Adani’s conglomerate that led to a market value erosion of more than $150 billion at one point.
The BoD, at its meeting held on December 18 2023, authorised the management to commence exploratory steps as may be required to examine a potential demerger of its energy business.