Mahindra & Mahindra launched small commercial vehicle Veero to capture the sub-3.5-tonne SCV market. It will expand its light commercial vehicle (LCV) portfolio with seven new models by 2030.
Bajaj Finserv, Bajaj Finance: The spectacular listing of Bajaj Housing Finance’s puts Bajaj Finance and Bajaj Finserv in focus as the total market cap of the group sees an upsurge. In addition there is news of Bajaj Finserv being knocked out of the Sensex as part of the index rebalancing.
Trent, which is expected to replace Bajaj Finserv in the Sensex
Adani Energy Solutions, which is in continuing talks with Kenya Electricity Transmission Co to construct three high-voltage transmission lines,
Vedanta, which reported a water storage facility overflow at Lanjigarh alumina refinery in Odisha due to heavy rains.
Strides Pharma has received US FDA approval for its generic Fluoxetine tablets (60 mg).
Reliance Power has secured a contract for a 500 MW/1000 MWh battery energy storage system from the Solar Energy Corporation of India (SECI).
Bharat Petroleum Corporation has received a show cause notice from the Central Pollution Control Board for failing to install vapour recovery systems at 28 storage terminals.
Indo Count Industries’ US arm has acquired 81% stake in Fluvitex USA, Inc. for $19.63 million. The company has an exclusive option to purchase the remaining 19% stake for $4.6 million in the next five years.
JK Tyre has approved the merger of Cavendish Industries with itself.
TVS Holdings has acquired a 100% stake in its step-down subsidiary, TVS Digital, from TVS Motor Company.
