Himadri Chemical to invest Rs 4,800 crore in Li-ion battery components facility
Himadri Specialty Chemical will invest Rs 4,800 crore over five to six years in setting up a manufacturing facility for lithium-ion battery components, the company said on Wednesday. The company aims to produce 200,000 tonnes of lithium iron phosphate (LFP) cathode active material in phases over the next five to six years, catering to 100 […]
Axiscades Technologies acquires Hyderabad-based Appcogen for Rs 26 crore
Axiscades Technologies (Axiscades) on Wednesday said it has acquired 100 per cent stake in Hyderabad-based Appcogen. Apcogen specializes in engineering design and providing solutions for the energy sector, Axiscades said in a statement. Axiscades has acquired Apcogen for Rs 26.25 crore to strengthen its position in the energy markets of the Middle East and North […]
Kharge asks Center to release Rs 18,171 crore for Karnataka drought relief
Mallikarjun Kharge (Photo: PTI) Leader of Opposition in Rajya Sabha Mallikarjun Kharge on Wednesday asked the Central government to release Rs 18,171 crore from the National Disaster Response Fund (NDRF) for Karnataka, which is facing severe drought. Raising the issue in the House during Zero Hour, the Congress President said Karnataka is facing the worst […]
Real estate firm Oberoi Realty buys 6.4 acres of land in Thane for Rs 196 crore
Oberoi Realty has completed the purchase of 6.4 acres of land in Thane, Maharashtra for Rs 196 crore to develop a real estate project. In a regulatory filing on Tuesday, Mumbai-based Oberoi Realty said the land registry has been in its favour. In May, the company had signed a Memorandum of Understanding (MoU) with NRB […]
Vedanta’s Hindustan Zinc will pay interim dividend of Rs 2,535 crore
Hindustan Zinc is owned by Vedanta Limitedannounced on Wednesday that it will pay an interim dividend of Rs 6 per equity share for 2022-23. According to the announcement, the total expenditure on this will be Rs 2,535.19 crore. The record date for payment of the dividend is December 14, 2023. Notably, Hindustan Zinc is the […]
Himadri to invest Rs 4,800 crore to make specialty Li-ion battery components
Representative image (Photo: Bloomberg) Himadri Specialty Chemical on Wednesday announced it will invest Rs 4,800 crore to foray into manufacturing of lithium-ion battery components. As per the announcement, the investment will take place over the next 5-6 years. The total annual production capacity of the plant will be 200,000 MT, directly/or through its subsidiaries. “This […]
Sleep Company gets Rs 184 crore in Series C funding from Premji Invest
Sleep and sitting solutions firm Sleep Company has raised Rs 184 crore in Series C funding from existing investors Premji Invest and Fireside Ventures. This comes just 12 months after their previous investment. The company has also launched its 60th store in India, strengthening its offline presence in a total of 20 cities across the […]
Finance Minister Nirmala Sitharaman says Rs 15,000 crore given to PSBs on ED action
Finance Minister Nirmala Sitharaman Finance Minister Nirmala Sitharaman told the Rajya Sabha on Tuesday that over Rs 15,000 crore seized from defaulters by the Enforcement Directorate (ED) has been paid to public sector banks. “As of December 1, 2023, assets worth Rs 15,186.64 crore have been seized by the ED under PMLA, of which Rs […]
Sapphire Foods India’s promoter entity sells 4.2% stake worth Rs 378 crore
Arinjaya (Mauritius) Ltd, the promoter entity of Sapphire Foods India, on Tuesday sold 4.2 per cent stake in the restaurant operator for Rs 378 crore through an open market transaction. Sapphire Foods India Limited (SFIL) is an omnichannel restaurant operator and the largest franchisee of Yum brands like KFC, Pizza Hut, Taco Bell, etc. in […]
Patanjali Foods aims to achieve Rs 1,000 crore sales from spices business
Patanjali Foods aims to achieve sales of Rs 1,000 crore from the spices business in the coming years as it sees the category as the next area of growth. Baba Ramdev, non-executive director of Patanjali Foods, said the company is also looking at building biscuits and edible oil business, which will not only drive growth […]