Ola Founder Bhavish Aggarwal on Wednesday said electric scooter based on Gen 3 platform will be unveiled later this week. “Bringing the ‘Next Level’ with @OlaElectric Gen 3 scooters! We’ve significantly surpassed Gen 2 products in every way — much higher performance, more features, great design! And a surprise to change the industry all over again,” he said on X. The Bengaluru-based Ola Electric will unveil the product range on January 31.
GR Infraprojects has emerged as the L-1 bidder in an EPC tender for gauge conversion of 38.90 km on the Kosamba to Umarpada section in Vadodara division of Western Railways. The ₹262.28-crore contract has to be executed within 24 months from the appointed date.
Transformers and Rectifiers (India) has acquired controlling stake in Posco-Poggenamp Electrical Steel Private Ltd, a CRGO manufacturing and processing facility pursuant to a share purchase and shareholder’s agreement. It has acquired 137,70,000 shares of PPESPL from the existing shareholders aggregating to a controlling stake of 51 per cent of the total paid-up share capital of PPESPL.
Thrissur-headquartered jewellery retailer Kalyan Jewellers has strengthened its presence with the inauguration of two more showrooms in Chennai.
Adani Power on Wednesday said Amitabh Mishra will assume the role of its Chief Human Resources Officer (CHRO) with effect from January 30. Mishra will replace Sanjay Argade, who will be transitioning to a new role within the Adani portfolio, Adani Power said in an exchange filing.
IREDA has a loan exposure of ₹1,540 crore to Odisha-based energy projects as of December 2024, the company’s CMD Pradip Kumar Das said. The official made the remarks at ‘Sustainable Growth of Renewable Energy & Equipment Manufacturing’ at Utkarsh Odisha 2025 event in Bhubaneswar, IREDA said in a statement.
Infosys has announced the expansion of its collaboration with technology major Siemens AG to accelerate its digital learning initiatives with generative AI. The collaboration aims to provide over 250,000 Siemens’ professionals globally with upskilling opportunities, and a personalised learning and growth experience, according to a release.
Aditya Birla Housing Finance Limited (ABHFL), a wholly-owned subsidiary of Aditya Birla Capital, on Wednesday said it has raised ₹830 crore in funding through Non-Convertible Debentures (NCDs) from the International Finance Corporation (IFC). The funds raised through IFC’s investment will be utilised to address critical gaps by providing housing loans to low-income and middle-income groups, with a particular focus on encouraging homeownership among women, the company said in a statement.
Vedanta Resources Ltd (VRL), the parent firm of Mumbai-based mining conglomerate Vedanta Ltd, has appointed Deshnee Naidoo as its first Chief Executive Officer (CEO) to spearhead its fresh growth phase. Her appointment comes at a time when Vedanta Resources Ltd’s Indian subsidiary, Vedanta Ltd, is demerging its businesses to unlock significant value for stakeholders. This marks Naidoo’s second stint with the company. Naidoo’s appointment is with effect from January 20, 2025, the company said in a statement.
Union Bank of India on Wednesday said it plans to raise long-term bonds worth up to ₹20,000 crore to finance infrastructure and affordable housing. The public sector lender also plans to issue green/sustainable bonds of up to ₹5,000 crore, it said, announcing the outcome of the meeting of its Board of Directors.
Afcons Infrastructure has received the Letter of Award for a project worth ₹1,283 crore from Hindustan Gateway Container Terminal Kandla. The project involves the design and construction of the marine package for the container terminal at Tuna Tekra, India (Package-1) and has to be executed within 29 months.
Sona BLW Precision Forgings Ltd. (Sona Comstar), one of the leading global providers of mobility technology solutions, has signed a memorandum of understanding (MOU) with Ubifly Technologies Private Limited (The ePlane Co.) at Chennai. The MOU will enable Sona Comstar and The ePlane Co. to cooperate in the areas of eVTOLs and drones. The companies will collaborate on the development of powertrains for eVTOLs and Drones, including gearboxes, motors, inverters, and related components and systems.
JK Cement has executed an agreement with Gujarat Mineral Development Corporation (GMDC) for the long-term supply of limestone. This will help the company consolidate its position in the West market in the near future.
A 4-acre property in Mumbai, the site of the historic Filmistan Studio, which churned out blockbuster movies in the 1940s and 1950s, has been acquired by Arkade Developers for ₹165 crore. Arkade plans to develop luxury residences on the site with a saleable area of 5 lakh square feet and estimated revenue potential of ₹2,000 crore. The property in Goregaon, a western suburb, is currently leased to Filmistan Pvt Ltd, and Amit Jain, Chairman and Managing Director, Arkade Developers, told businessline that the lease would be terminated and the tenant appropriately compensate.
Leading basmati brand India Gate, owned by KRBL, has unveiled packs for various sub-brands as part of a strategy to attract new customers. The company is aiming to increase its market share in consumer retail packs from current 39 per cent to 55-60 per cent in the next 2-3 years. After announcing Amitabh Bachchan as its brand ambassador last week, India Gate also tied up with a host of influencers to promote its brand.
Results calendar: L&T, Bajaj Finserv, Adani Enteprises, Adani Ports, BEL, Bajaj Holdings, Bank Of Baroda, GAIL, Max Healthcare, Shree Cements, Tata Consumer Products, Dabur India, Jindal Steel & Power, PB Fintech, Waree Energies, Prestige Estates, Phoenix Mills, Coromandel International, Biocon, Astral, Ajanta Pharma, Vedant Fashions, Dr Lal PathLabs, Navin Fluorine, Indegene, Welspun Living, Clean Science & Technology, AAVAS Financers, Praj Inds, Raymond, Star Cement, Voltamp Transformers, Greenlam Inds, Nesco, Protean eGov Technologies, Dodla Diary, Pricol, Strides Pharma, Heidelberg Cement, Hawkins, Subros, CARE Ratings, Deep Inds, Shanthi Gears, Hester Biosciences, Jyoti Resins, Mallcom,
