Company Profile

Eicher Motors’ motorcycle arm -- Royal Enfield is planning to undertake a motorcycling expedition to the South Pole to commemorate 120 years of the brand. It would mark 2021 with an ambitious attempt to push the boundaries of motorcycling possibilities. The expedition, which would feature the company's Himalayan bike, would attempt to reach the South Pole from the Ross Ice Shelf via the Leverett Glacier.

Eicher Motors is an India-based company, which is engaged in manufacturing automobile products and related components. The company operates in business verticals, including motorcycles, commercial vehicles and personal utility vehicles.

Eicher Motors and Volvo Group’s joint venture (JV) -- VE Commercial Vehicles (VECV) has launched a premium bus range, including coach and sleeper trims, to cater to the growing inter-city travel segment. The company is already strong in school and staff transport segments and now aims to establish its presence in the long distance inter city travel space with the new offering.

The new range would fall between the value segment buses and the high end premium products being offered by the likes of Volvo. The company's new range would be priced between Rs 40 lakh and Rs 1 crore depending upon requirements of the fleet operators and various state transport undertakings.

Eicher Motors is an India-based company, which is engaged in manufacturing automobile products and related components. The company operates in business verticals, including motorcycles, commercial vehicles and personal utility vehicles.

Tata Motors and TPG Rise Climate have entered into a binding agreement under which TPG Rise Climate along with its co-investor ADQ, will invest in a subsidiary of Tata Motors that will be newly incorporated. TPG Rise Climate along with co-investors shall invest Rs 7,500 crore in compulsory convertible instruments to secure between 11-15 percent stake in this company translating to an equity valuation of up to $9.1 billion.

Gayatri Highways is planning to acquire 11.54% of Equity Share Capital and 11.54% of Optionally Convertible Debentures (OCD’s) in Cyberabad Expressways from the existing security holder of the Cyberabad Expressways. The Existing Shareholder of Cyberabad Expressways has agreed for sale of their 11.54% equity shareholding (2,28,462 fully paid up equity shares of face value of Rs 10 each for a consideration of Rs 5.22 each share aggregating to Rs 11,92,572 and 11.54% of Optionally Convertible Debentures (OCD’s) [49,32,692 (OCD’s) of face value of Rs 10 each for a consideration of Rs 5.22 each debenture aggregating to Rs 2,57,48,652) to Gayatri Highways , Total consideration for acquisition amounting to Rs 2,69,41,224.

Happiest Minds Technologies has entered into a partnership with Tech4TH Solutions, a Company incorporated in the USA. Tech4TH provides digital services to worldwide companies in the Travel and Hospitality (TH) sectors. The company’s deep digital technology led offerings coupled with Tech4TH's strong consulting and industry focus will help enterprises in the TH sector to drive their customer experience, employee engagement and operational excellence initiatives.

VE Commercial Vehicles (VECV), a joint venture between Volvo group and Eicher Motors, has launched a premium bus range, including coach and sleeper trims, to cater to the growing inter-city travel segment. The company is already strong in school and staff transport segments and now aims to establish its presence in the long distance inter city travel space with the new offering. The new range would fall between the value segment buses and the high end premium products being offered by the likes of Volvo.

Vipul has signed and entered a joint venture agreement with Tulip Infratech, for assigning of all development rights to carry out all developments activities in relation to residential project namely ‘Aarohan Residences’ at Golf Course Road, Gurugram, Haryana (project).

Sona BLW Precision Forgings (Sona Comstar) is collaborating with FutureSkills Prime - a MeitY-NASSCOM Digital Skilling Initiative to upskill its employees/workforce in cutting edge digital technologies with industry-relevant and government recognized curriculum based courses. The objective is to reskill/upskill graduates and professionals in emerging technologies and professional skills to make India a global digital talent nation in the coming years.

Choice International’s step down subsidiary--Choice Wealth has acquired mutual fund distribution business of ‘Centcart Money Services’. The said acquisition of the mutual fund distribution business of Centcart was a complete cashdeal, with a win-win situation for both the entities. The users of Centcart shall be in position to access the research tools available on Choice's online platform for investing in mutual funds through its application Investica, which facilitates investors to attain financial freedom.

IndusInd Bank has been authorised by the Reserve Bank of India (RBI) for collection of Direct and Indirect Taxes, on behalf of the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC). The authorization has been awarded basis a recommendation from the Controller General of Accounts as well as the Ministry of Finance (Govt. of India), and comes close on the heels of the Bank being appointed as an ‘Agency Bank’ of the RBI to conduct government business.