Hero MotoCorp has approved an investment of up to Rs. 1,758 cr. to acquire additional shares of electric two-wheeler manufacturer Ather Energy. The transaction will increase Hero MotoCorp’s holding in Ather to around 32.8%.
Hero MotoCorp has approved an investment of up to Rs. 1,758 cr. to acquire additional shares of electric two-wheeler manufacturer Ather Energy. The transaction will increase Hero MotoCorp’s holding in Ather to around 32.8%.
Wipro has expanded its collaboration with Google Cloud, with a greater focus on artificial intelligence and cloud-based solutions. The partnership is aimed at helping businesses adopt AI technologies and modernise their technology infrastructure.
Tejas Networks is in focus after receiving a Rs. 1,537-cr. order from Tata Consultancy Services (TCS) related to the rollout of BSNL’s 4G network. The order adds to Tejas Networks’ participation in India’s large-scale telecom infrastructure programme.
ICICI Prudential AMC is in focus after promoter Prudential Corporation Holdings announced plans to sell up to 2% of the company’s equity through open-market transactions beginning August 27. The proposed sale involves around 98.85 lakh shares.
One97 Communications (Paytm) touched a fresh 52-week high of Rs. 1,732, with the stock trading around Rs. 1,716.50 in the latest session. The shares have gained approximately 34% over the past month, making Paytm one of the stronger performers among BSE 100 stocks.
Juniper Green Energy is in focus as the renewable-energy company is scheduled to hold its Q1 FY27 earnings call today, August 27. Investors will be watching management commentary on capacity additions, project execution, order pipeline and future expansion plans.
Suzlon Energy is planning an investment of around Rs. 10,000 cr. in Andhra Pradesh, with the company targeting development of around 1,325 MW of new wind projects in Anantapur district. The expansion forms part of Suzlon’s broader renewable-energy strategy in the state.
Larsen & Toubro has secured an ultra-mega contract worth more than Rs. 15,000 cr. in West Asia. The project involves engineering and construction work related to gas-compression facilities and associated infrastructure.
TVS Supply Chain Solutions has entered into a strategic partnership with Japan’s Sankyu Inc. to pursue opportunities across supply-chain and engineering services. Sankyu also intends to acquire a 0.5% stake in TVS Supply Chain, subject to regulatory approvals.
Netweb Technologies has raised Rs. 1,200 cr. through a qualified institutional placement (QIP), marking its first equity capital raise since its NSE and BSE listing in July 2023.
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