Naoki Ota, CEO of 24M, said: “Our innovative SemiSolid technology and ongoing R&D investments will support Lucas TVS’s ambition to become a leader in the energy storage space for mobility, lead acid battery replacement, storage and grid scale markets in India.”
This could be the first indigenous Lithium-ion cell manufacturing facility in India, if Exide's plan materialises.
Total revenues grew by 81.38% year-on-year to Rs 2,433.82 crore in FY20. Revenues were helped by a boost in other income that rose significantly to Rs 323.80 crore in FY20 from Rs 60.72 crore in the year-ago period. The ed-tech firm’s total expenses,however, shot up to Rs 2,383.06 crore in ...
Discounts and consumer promotion offers on cars, smartphones, televisions, laptops and refrigerators will be among the lowest ever in the upcoming festive season. Manufacturers expect demand to outstrip supply as they scramble to improve inventory levels amid component shortages and skyrocketing freight rates.Executives of several leading brands said discounts have ...
Mumbai: The Securities and Exchange Board of India (Sebi) is revamping its surveillance systems as insider trading gets more sophisticated. Earlier, company insiders or their proxies would buy and sell shares based on insider tips. But now they have started using complex derivative strategies to make a quick buck — ...
Post this equity infusion, MUTH's stake in Belstar Microfinance will reduce to 57.9%, and MAJ Invest, Augusta Investments, and Arum Holdings will hold 10%, 4.6%, and 13.8% stake, respectively.