Tata Motors, Cyient and Vikas Ecotech to see some action today

Tata Passenger Electric Mobility (TPEM), the electric car making arm of Tata Motors, has signed memorandum of Understanding (MOU) with Hindustan Petroleum Corporation (HPCL) to collaborate in establishing public charging stations across India. The collaboration will leverage HPCL’s widespread fuel station network and TPEM’s insights from over 1.2 lakh Tata EVs on Indian roads, to set up chargers at locations frequently visited by Tata EV owners. Additionally, HPCL will gather insights on charger usage to improve the customer experience.

Cyient has entered into a strategic partnership with Deutsche Aircraft, a German original equipment manufacturer (OEM) located in Webling, close to Munich. Within the scope of this partnership, the companies will collaborate on the detailed design for manufacturing (DFM) of the rear fuselage section for the 40-seater D328eco regional turboprop aircraft. 

Vikas Ecotech’s (VEL) wholly owned subsidiary -- Vikas Organics (VOPL) has received the largest ever export order for Vinyl Plasticizers worth around Rs 16.50 crore. The order is a variable price contract, which covers regular supplies to the renowned Yusuf Bin Ahmed Kanoo Group of KSA over the coming months. VEL recently acquired the subsidiary as an ongoing concern with the Plasticizers Manufacturing Business based at Daman, while VOPL is regularly exporting plasticizers to the USA & KSA, the VEL & VOPL teams have been working closely to further boost the global reach actively pushing international business activities targeting Exports of the Niche materials from both VEL & VOPL product offerings.

Info Edge (India) has planned to invest an amount of Rs 30 crore in Redstart Labs (India), wholly-owned subsidiary of the Company. This investment is being done to meet the working capital requirements, explore investment opportunities and other general purposes.

Bhagiradha Chemicals & Industries’ wholly owned subsidiary -- Bheema Fine Chemicals has commenced its commercial production in Agrochemicals manufacturing plant situated at plot no 137 to 149 and 151 to 157 of Kadechur Industrial Area, Yadgir district, Karnataka.  Bheema Fine Chemicals has started its commercial production on March 27, 2024.

Emami has further entered into Share Purchase agreement with the founder & other shareholders of Brillare Science (Brillare) for acquiring remaining stake of 4.64% of Brillare. Consequently, Emami’s Shareholding in Brillare has increased from 95.36% to 100% and it has become a wholly owned subsidiary of the company.

Blue Dart Express has inaugurated new facility in GIFT City, Gujarat to meet evolving customer demands and align with India's growth trajectory. Equipped with cutting-edge infrastructure and seasoned personnel, Blue Dart's GIFT City facility introduces a 20-hour delivery service from key metropolitan cities, ensuring a next-day delivery commitment. Blue Dart seamlessly connects its fleet of 8 Boeing aircraft to provide express connectivity to GIFT City in Ahmedabad from all major metropolitan areas.