Ola Founder Bhavish Aggarwal announced that the electric scooter based on the Gen 3 platform will be revealed later this week. The unveiling of the product range by Bengaluru-based Ola Electric is scheduled for January 31. The new scooters are said to surpass the Gen 2 products in terms of performance, features, and design, with a promise to revolutionize the industry once again.
GR Infraprojects emerged as the L-1 bidder for an EPC tender for the gauge conversion of 38.90 km on the Kosamba to Umarpada section in Vadodara division of Western Railways. The contract worth ₹262.28 crores must be completed within 24 months from the appointed date.
Transformers and Rectifiers (India) have acquired a controlling stake in Posco-Poggenamp Electrical Steel Private Ltd, a CRGO manufacturing and processing facility, through a share purchase and shareholder’s agreement. The acquisition includes a controlling stake of 51% of the total paid-up share capital of PPESPL.
Kalyan Jewellers, a Thrissur-headquartered jewellery retailer, has expanded its presence with the opening of two new showrooms in Chennai.
Adani Power announced the appointment of Amitabh Mishra as its Chief Human Resources Officer (CHRO), effective from January 30. Mishra will succeed Sanjay Argade, who will transition to a new role within the Adani portfolio.
IREDA disclosed that it has a loan exposure of ₹1,540 crores to energy projects in Odisha as of December 2024. The company’s CMD, Pradip Kumar Das, made this statement at the ‘Sustainable Growth of Renewable Energy & Equipment Manufacturing’ event in Bhubaneswar.
Infosys has expanded its collaboration with Siemens AG to accelerate digital learning initiatives using generative AI. The partnership aims to provide upskilling opportunities to over 250,000 Siemens professionals globally, offering a personalized learning experience.
Aditya Birla Housing Finance Limited raised ₹830 crores in funding through Non-Convertible Debentures (NCDs) from the International Finance Corporation (IFC). The funds will be used to provide housing loans to low-income and middle-income groups, with a focus on promoting homeownership among women.
Vedanta Resources Ltd appointed Deshnee Naidoo as its first Chief Executive Officer (CEO) to lead its new growth phase. Naidoo’s appointment comes as Vedanta Ltd, VRL’s Indian subsidiary, is demerging its businesses to create value for stakeholders. Naidoo will assume the role from January 20, 2025.
Union Bank of India announced plans to raise long-term bonds worth up to ₹20,000 crores to finance infrastructure and affordable housing projects. The public sector lender also intends to issue green/sustainable bonds worth up to ₹5,000 crores.
Afcons Infrastructure received the Letter of Award for a project valued at ₹1,283 crores from Hindustan Gateway Container Terminal Kandla. The project involves the design and construction of the marine package for the container terminal at Tuna Tekra, India, and must be completed within 29 months.
Sona BLW Precision Forgings Ltd. signed a memorandum of understanding (MOU) with Ubifly Technologies Private Limited (The ePlane Co.) in Chennai. The agreement will facilitate cooperation in the development of powertrains for eVTOLs and Drones, including gearboxes, motors, inverters, and related components and systems.
JK Cement finalized an agreement with Gujarat Mineral Development Corporation (GMDC) for the long-term supply of limestone to bolster its position in the West market.
Arkade Developers acquired a 4-acre property in Mumbai, the site of the historic Filmistan Studio, for ₹165 crores. The company plans to develop luxury residences on the site, with an estimated revenue potential of ₹2,000 crores.
India Gate, a leading basmati brand owned by KRBL, unveiled new packs for its sub-brands to attract new customers and increase market share in consumer retail packs. The company aims to raise its market share from 39% to 55-60% in the next 2-3 years, following the recent appointment of Amitabh Bachchan as its brand ambassador.
Several companies are scheduled to announce their financial results, including L&T, Bajaj Finserv, Adani Enterprises, Adani Ports, BEL, and others. This information was provided in the results calendar.
