TVS Motor Company, Sandhar Technologies and One 97 Communications to see some action today

TVS Motor Company has acquired a 75 per cent stake in Swiss e-Mobility Group (SEMG) for $100 million (about Rs 752 crore). This is the company’s second acquisition in Switzerland in the e-mobility space during the current financial year, after buying 80 per cent in EGO Movement for $17.9 million in September 2021.  The company is planning to launch SEMG brands - Cilo, Simpel, Allegro, and Zenith - in India by the end of 2022.

Sandhar Technologies (STL) has entered into Shareholders Agreement with Kwangsung Corporation (KSC), Kwangsung Sandhar Technologies (KSTPL) and Kwangsung Sandhar Automotive Systems (KSASPL) for the purpose of subscription/acquisition of Equity Shares in KSASPL.

One 97 Communications’ wholly-owned subsidiary Paytm Money has introduced India's first intelligent messenger, revolutionizing the way users invest and track markets. The company has launched 'Pops', with which users can receive specific information related to their stocks, analysis about their portfolio, market news, and important market movements in an easy to consume format, all in one place. The platform will also serve as a marketplace to offer sophisticated stock recommendations, news insights, and other services. Paytm Money is partnering with InvestorAi to offer stock recommendations based on signals generated using artificial intelligence. The company has also partnered with Daily Brief, which simplifies news by parsing through multiple sources and offering key takeaways.

Mahindra & Mahindra has clocked almost one lakh bookings of its latest sports utility vehicle XUV700 besides billing the first 14,000 units of the vehicle by January, despite global supply chain issues. While the dynamic supply chain issues continue to be a challenge in streamlining and ramping up production, it is doing its best and focusing on meeting its committed delivery timelines to customers.

Bharti Airtel’s subsidiary company -- Airtel Payments Bank has reported 75 percent rise in customers' deposit to Rs 1,000 crore in 2021 as compared to the previous year. The payments bank had recorded around Rs 570 crore worth of deposits in 2020. The company added close to 35 lakh customers during the year and crossed the 10-crore customer mark in 2021.

Fintech company Alphaniti has entered into a partnership with IIFL Securities to allow investors to invest and trade in stock offerings. Customers of IIFL Securities will now be able to invest and trade in Alphaniti's wide range of offerings such as its unique single stock recommendation engine 'alphagenie' for the Indian market. Alphaniti aims to redefine the experience of direct investments by offering high-quality products at affordable costs by leveraging on big data, deep domain expertise and technology for both India and the US markets, across multiple asset classes.

Patel Engineering is implementing hydroelectric power projects (HEP) worth around Rs 6,000 crore in four states. The company is also implementing a railway tunnel project in West Bengal. It has a strong presence in tunnels and underground works for hydroelectric and dam projects.