Hero MotoCorp on Tuesday announced that it plans to enter the European and UK markets from the second half of 2025 to strengthen its presence overseas. Headquartered in New Delhi, the two-wheeler major sells its products in 48 countries across Asia, Africa and Latin America. “Hero MotoCorp continues to be a trusted global leader, known for the reliability and resilience of our machines. This enduring trust and our world-class products are the key to our expansion into Europe and the UK. It will serve as a foundation for future development,” Hero MotoCorp Executive Chairman Pawan Munjal said at EICMA here. The company will enter the market with a new electric scooter “VIDA Z”.
Premier Explosives has bagged a Rs 8,920-crore order from state-owned Singareni Collieries Company for supplying SME explosives, LDC explosives and accessories. These materials will be used for overburden blasting throughout the Singareni Coal Mine opencast project. The order will be fulfilled over a period of two years.
Power major NTPC on Tuesday announced that its board of directors has approved an investment proposal worth around Rs 80,000 crore for thermal power projects totaling 6.4 million kW. The board of directors has approved investment approval for Telangana Super Thermal Power Project Phase II (3×800 MW) at current valuation of Rs 29,344.85 crore, the company said in an exchange filing. The board also approved the proposal for Gadarwala Super Thermal Power Project, Stage II (2×800 MW) at an estimated cost of Rs 20,445.69 crore, it said.
The government will sell up to 2.5% stake in Hindustan Zinc at a floor price of ₹505 per share through an offer for sale (OFS). The stock sale price will be more than 500 billion rupees at the minimum price. The two-day OFS will begin on Wednesday for institutional bidders and Thursday for retail investors. The floor price is a 9.7% discount compared to Tuesday’s closing price of Rs.
Indian Hotels Company (IHCL) on Tuesday acquired a majority stake in Ambuja Neotia Group’s Largescape Hotels (RHPL), which manages a portfolio of 19 resorts and hotels under the Tree of Life Resorts & Hotels brand. announced that it had acquired the IHCL said in an exchange filing that its board of directors has approved the execution of an agreement to acquire approximately 55% stake “in Largescape Hotels Private Limited for an amount not exceeding Rs 18,000 crore.”
Infosys said it has partnered with Southwark Council (UK) to provide a digital learning platform to local residents, schools and universities. The initiative aims to equip residents with essential digital and employability skills, enhance job readiness and support community development in Southwark through the Infosys Springboard digital inclusion platform.
The MSCI index review scheduled for November 6, 2024 is expected to bring major changes, with several leading Indian companies likely to be included in the MSCI Standard Index. Alkem Laboratories, Oberoi Realty, Adani Energy Solutions and Kalyan Jewelers are likely to enter the MSCI Standard index, the brokerage said. Additionally, HDFC Bank’s weighting is likely to increase further.
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Power Grid, Tata Steel, Apollo Hospitals, Jindal Steel & Power, Blue Star, Gujarat Gas, Endurance Technologies, JB Chemicals, Kansai Nerolac, Newland Laboratories, Aadar Housing, Chambal Fertilizer , Trident, Sonata Software, RITES, Granules India, Usha Martin, KPI Green Energy, JK Lakshmi Cement, Gujarat Pipavahu Port, Dhanuka Agritech, Kirloskar Iron, Tangameil Jewellery, Gulf Oil, Pricor, Rain Industries, Team Lease , KP Energy, Hi-Tech Pipes, Avalon Technologies, Shivalik Bimetal, KP Green Engineering, RPSG Ventures, Jyoti Structures, Delta Corp, Shipping Corp, GE Power, India Pesticides, Gandhar Oil, NDR Auto, Ester Industries, Zuari Agro, Spencer Retail. .
