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Ola Electric Subsidiary Settles Outstanding Dues with Rosmerta Group
Ola Electric Technologies Private Limited, a subsidiary of Ola Electric Mobility Limited, has amicably settled all outstanding dues with its former vehicle registration service provider, Rosmerta Group. The company informed the stock exchanges on Tuesday that the settlement has been... 
Breakfast Meeting Revives Stalled Bus Plant in Vijayawada
Vijayawada, March 21 – A casual breakfast meeting has paved the way for the revival of a long-delayed bus manufacturing plant by the Hinduja Group near Vijayawada, Andhra Pradesh. The facility, originally announced in 2018 by Ashok Leyland, the world's...
BHEL Secures Rs 7,500 Crore Contract for 800 MW Thermal Power Unit in Gujarat
New Delhi, March 21 – Bharat Heavy Electricals Limited (BHEL), a public sector enterprise, has been awarded a major contract worth Rs 7,500 crore for setting up an 800 MW unit at the Ukai Supercritical Thermal Power Plant in Gujarat.... 
IREDA Issues First Sustainable Bond to Raise ₹1,247 Crore
New Delhi: The Indian Renewable Energy Development Agency Limited (IREDA), a public sector entity, has launched its first sustainable bond to raise ₹1,247 crore. The initiative aims to strengthen financial support for India's rapidly expanding green energy infrastructure.
As per...
Vodafone Idea Launches 5G Services, Aims to Strengthen Market Position
New Delhi, March 19 – Vodafone Idea Limited (VIL) has officially launched its 5G services in India, beginning with Mumbai and set to expand to five other cities in the next phase. The telecom operator is banking on this new... 
LG Electronics India and Innovision Receive SEBI Approval for IPOs
New Delhi, March 18 – South Korean company LG’s subsidiary, LG Electronics India Limited, and human resource and toll plaza management service provider, Innovision Limited, have received approval from the Securities and Exchange Board of India (SEBI) to raise funds... 
Tata Motors to Hike Passenger Vehicle Prices from April
New Delhi, March 18 – Tata Motors announced on Tuesday its plans to increase the prices of its passenger vehicles, including electric vehicles, starting next month. This will be the company’s second price hike this year.
As per agency report,...
India Could Emerge as a Top Five Market for Maybach: Mercedes
Udaipur, March 18 – Mercedes-Maybach’s head, Daniel Lescow, expressed confidence that India has the potential to become one of the top five global markets for the brand, given the country’s growing demand for high-end luxury vehicles. As per agency report,...
LG Electronics India Receives SEBI Approval for ₹15,000 Crore IPO
New Delhi, March 13 – LG Electronics India Limited, a subsidiary of South Korean conglomerate LG, has received approval from the Securities and Exchange Board of India (SEBI) for its ₹15,000 crore initial public offering (IPO). As per agency report,...
Temasek to Acquire 10% Stake in Haldiram at $10 Billion Valuation
New Delhi, March 13 – Singapore’s sovereign investment firm Temasek is set to acquire a 10% minority stake in Haldiram Snacks Food, India’s leading packaged snacks and sweets manufacturer, according to industry sources.
As per agency report, Temasek signed a... 
Satellite Technology to Enable Mobile Connectivity in Remote Areas, Says Mittal
New Delhi, March 12 – A day after signing an agreement with Elon Musk’s SpaceX, Bharti Group founder Sunil Mittal stated that satellite technology will integrate seamlessly with existing 4G, 5G, and future 6G networks, allowing users to carry their...
Vedanta Repays $900 Million Debt, Reduces Net Borrowing by $550 Million
New Delhi, March 12 – Vedanta Limited, the mining conglomerate, has repaid $900 million of high-cost debt using a combination of proceeds from a Qualified Institutional Placement (QIP) and a new $350 million facility secured at a lower interest rate.... 