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China's Gotion to locate 3% of capacity outside China
... company also unveiled its first series of energy storage products for overseas markets on Monday. Gotion, the fourth biggest EV battery maker in China by sales volume, supplies lithium-iron phosphate batteries to carmakers including Volkswagen and Tata Group .
Updated: 06/28/2022
Tata Telecoms $2.1 billion bank credit line guaranteed
... guaranteed by the Italian Treasury on Monday, according to sources close to the matter, in a boost to the phone company's turnaround efforts. The loan would strengthen TIM 's finances as CEO Pietro Labriola works on a revamp plan for the debt-laden group centered on the separation of its wholesale fixed network operations from services businesses. The parties agreed to reduce the size of the financing from the 3 billion euros originally discussed because of a drop in TIM 's expected financial needs,...
Updated: 06/27/2022
Tata Motors to upskill existing workforce
... demand for alternative fuels, electric and connected vehicles, Tata Motors is working on reorienting its existing workforce of mostly mechanical engineers towards acquiring electronic and electrical skillsets. According to CHRO Ravindra Kumar GP , the Tata Group company, one of the largest EV manufacturers in the country, is hiring laterally for these skills as well as picking up fresh talent from engineering colleges offering auto electronic and electrical courses. We want to upskill and upgrade our large ...
Updated: 06/27/2022
Bajaj Auto stock falls after board approves share buyback
... a new intraday high of Rs 3,953. The price of the BSE went up by 3.69 per cent. Stocks in news: Zomato , Federal Bank , Tata Power , Axis Bank and more. Bajaj Auto shares were trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving ... ... firm's market cap rose to 1.11 lakh crore. The share buyback is for existing shareholders only, except for promoters, promoter groups and persons in control of the company, and will be carried out in the open market through the stock exchange mechanism....
Updated: 06/27/2022
Sensex ends 462 points higher, Nifty up 142 points
... until August 2025. In January this year, the private sector lender had re-appointed Anand as Deputy Managing Director for a further period of three years, from August 4, 2022 to August 3, 2025. Tata Power: Tata Power Solar Systems , an affiliate of Tata Group's power player, said it had commissioned India's largest floating solar power project of 101.6 Megawatt Peak MWp in Kerala backwaters. The project is located on a 350 acre water body in Kayamkulam, Kerala. Welspun Corp: The iron and steel product ...
Updated: 06/27/2022
Foxconn meets with Maharashtra officials, shares investment plans
... sectoral value addition, manufacturing and skilling ecosystems. Ajit Patil and Ranga Naik , Joint CEOs at MIDC , held focus group discussions with specialists from Foxconn in the sectors of ICT , Electric Vehicles , Mobility , and Battery Manufacturing.... ... champions from these sectors who have already invested in the state, such as WIPRO, Honeywell , Mitsubishi, Causis E- Mobility , Tata Motors and Exide, shared their investment experience, discussed localization and sourcing options and paved the way for stronger ...
Updated: 06/25/2022
Food delivery company Zomato to buy fast delivery startup Blinkit for 44.47 billion rupees
... Peppertap and Tinyowl close shop, Grofers adopted an inventory-led model, where it stockpiled goods in its own fulfillment centers. Grofers struggled to scale, due to stiff competition from BigBasket, India's largest online grocery store that was bought by Tata Group. The instant delivery model was adopted last year and it was renamed Blinkit . In the financial year ending March 2022, Blinkit 's turnover rose 18% year on year, to 2.3 billion rupees, Zomato said in a stock exchange filing on Friday. Zomato ...
Updated: 06/24/2022
Sensex, Nifty open higher after strong global cues
... previous session. Sensex increased by 362 points to 52,628 and Nifty gained 125 points to 15,682. The US markets ended up higher on Thursday due to strong performance from defensive and tech shares that outweighed declines for economically sensitive groups as worries over a potential recession persisted. The Asian markets are trading in green on Friday after a strong session in the US overnight. On the technical front, 15,450 and 16,000 are immediate support and resistance in Nifty 50. The immediate ...
Updated: 06/24/2022
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