Exicom has signed agreement to supply battery management systems (BMS) to Hero Electric's two-wheelers in India.
It will provide Hero Electric with intelligent BMS built around innovative technologies, multi-level safety checks and advanced features.
BMS will allow Hero Electric to comply with AIS-156 safety norms.
Hero Electric intends to buy 5 lakh units of Exicom BMS per annum.
Source: Press release
The order entails design, manufacture, supply, installation, supervision of testing and commissioning at Noida DC from AdaniConnex Pvt.
The delivery of the said goods shall be made over a period of six months.
Source: Exchange filing
Adani Cement launches green concrete solution ‘ACC ECOMaxX’ in Mumbai with 30-50% lower embodied carbon content compared to standard OPC offering.
The Mumbai Coastal Road Project has maximised its green impact with ACC ECOMaxX by saving 3,447 tonnes of CO2 emissions compared to conventional concrete.
Source: Exchange filing
The broader market indices were trading flat; S&P BSE MidCap was down by 0.09%, whereas S&P BSE SmallCap was lower by 0.01%.
Twelve out of the 19 sectoral indices compiled by BSE advanced, while seven declined.
The market breadth was skewed in favour of the bulls. About 1,850 rose, 1,540 declined, and 144 remained unchanged on the BSE.
BharatPe CEO Suhail Sameer has quit the organisation.
Sameer to transition from CEO to Strategic Advisor effective Jan. 7.
CFO Nalin Negi appointed interim CEO.
Source: Statement
The outstanding term loan stands at Rs 129.72 crore vis a vis Rs 259.64 crore as on March 31, 2022
The weighted average interest rate of the loans prepaid by the company was 8.30% per annum.
Source: Exchange filing
Adani Enterprises will make an additional payment for NDTV shares acquired via the open offer.
Adani will offer an extra Rs 48.65 per share over the Rs 294 it paid for NDTV shares in the open offer.
This takes the cost per share to Rs 342.65, the same as the amount paid per share for the 27.6% stake acquired from promoter couple Roys.
Additional payment to be made by February 28.
Source: Exchange filing
Total deposits crossed Rs 2 lakh crore milestone, with a growth of 14.8% YoY during Q3.
Customer deposits aggregated to Rs 1.92 lakh crore, a growth of 12.8% YoY in the October-December quarter.
Source: Exchange filing
The broader market indices outperformed their larger peers; S&P BSE MidCap was up by 0.19%, whereas S&P BSE SmallCap was higher by 0.37%.
Fourteen out of the 19 sectoral indices compiled by BSE advanced, while five declined.
The market breadth was skewed in favour of the bulls. About 1,803 rose, 809 declined, and 113 remained unchanged on the BSE.
The local currency opened at 82.71 on Tuesday, appreciating 4 paise from last close.
It closed at 82.76 on Monday.
Source: Bloomberg
The yield on the 10-year bond opened flat on Tuesday at 7.34%.
Source: Bloomberg
Granules has signed an agreement with Greenko ZeroC to develop green pharma zones for Rs 2,000 crore in 5 years.
Green pharma zones are greenfield facilities based on sustainability principles for large-scale manufacturing of key starting materials, intermediates, APIs and fermentation based products.
The facility spread across 100 acres, will be commissioned in a phase wise manner.
Source: Exchange filing
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