Mahindra & Mahindra (M&M) has reported 35.31% rise in consolidated net profit at Rs 3,361.06 crore for Q2FY25 as compared to Rs 2,483.97 crore for the same quarter in the previous year. Total consolidated income of the company increased by 10.15% at Rs 38,582.96 crore for Q2FY25 as compared to Rs 35,027.23 crore for the corresponding quarter previous year.
Shalibhadra Finance has opened its latest branch in Buldhana district, located in the Amravati division of Maharashtra. This expansion is a strategic step forward, extending the company’s reach from its existing operations in the adjoining district of Jalgaon. With a population of around 2.5 million people, Buldhana spans 13 talukas and over 1,400 villages. The new branch will initially focus on providing two-wheeler finance across all talukas, catering to the diverse needs of the local rural population.
Oil India (OIL) has been selected as the preferred bidder for the Phop Graphite and Vanadium Block in Arunachal Pradesh. This selection was made by the Ministry of Mines in a recently concluded auction of eight critical mineral blocks, held under Tranche IV of the Auction of Critical and Strategic Mineral Blocks. The critical minerals, essential for high-tech and green energy applications, will play a crucial role in reducing India's dependence on imports. Aligned with the national priorities of creating the national critical mineral mission, OIL is committed to support India’s energy self-sufficiency and advancing the Government of India’s vision of achieving self-reliance in critical minerals, positioning India as a competitive player in the global mineral economy.
Brigade Group has signed a Joint Development agreement to develop a residential project of around one million square feet in Chennai. The project, located in West Chennai, which is one of the fastest growing parts of the city, will be developed as part of a 1.5 million square feet mixed use development. The project will have a Gross Development Value (GDV) of about Rs 800 crore. By inking this strategic joint development, Brigade Group further solidifies its position as a leading real estate developer in Chennai, contributing to the city's vibrant landscape and offering exceptional living and working spaces to its residents.
Poonawalla Fincorp has raised Rs 310 crore through the allotment of 31,000 secured, redeemable, rated, listed, non-convertible debentures (NCDs) of the face value of Rs 1,00,000 each, through private placement. The Finance Committee, as authorized by the Board of Directors of the Company has on November 07, 2024, approved allotment of the same.
To cater to the increased customer demand, Subros’ board has given approval for setting-up a new greenfield manufacturing plant at Tehsil Kharkhoda, District Sonipat, Haryana for proposed capacity addition of 4.5 lakh p.a. parts for air-conditioning system. Investment required for proposed capacity addition is Rs 150 crore (approximately). The proposed capacity is expected to be added by March, 2026 in phased manner.
Wipro has launched the ‘Google Gemini Experience Zone’ in Bengaluru to drive AI innovation for enterprises. This zone will offer businesses a chance to leverage Google’s cutting-edge AI technologies to improve their operations.
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