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Servotech Power Systems Makes Bold Move into EV Charging Infrastructure In a bold and visionary move, Servotech Power Systems announced on Tuesday its plans to deploy 5,000 EV-charging stations nationwide. The company has taken the initiative to establish a subsidiary, Servotech EV Infra, which will operate as a Charge Point Operator (CPO) for these EV…
Companies making headlines before the bell include electric vehicle startup Fisker, which saw a drop of more than 18% after missing third-quarter earnings forecasts and reporting light vehicle deliveries. However, the company noted that the pace of vehicle deliveries accelerated near the end of the quarter. Food and beverage giant Kraft Heinz added 1.6% in…
Adani Energy Solutions (AESL), formerly known as Adani Transmission, is in the process of arranging to raise USD 360 million (around Rs 3,000 crore) through the issuance of bonds on a private placement basis. Chief Financial Officer Rohit Soni mentioned during an investor call that the company is seeking a private placement for the transmission…
5G Tablet Shipments Surge 86% YoY in Q3 The latest report by CyberMedia Research (CMR) revealed that 5G tablet shipments experienced an impressive 86 per cent year-on-year (YoY) growth in Q3, accounting for 16 per cent of overall tablet shipments. This indicates a significant shift in consumer preferences towards tablets with 5G capabilities. Despite this…
Bain & Company’s report reveals that over 60% of businesses are falling short of their sustainability goals, with Indian consumers expressing a high level of concern about environmental sustainability. This increase in concern may be attributed to rising pollution levels and the occurrence of flash floods in the country. The report also found that consumers…
Home Depot reported a 3% decline in quarterly sales from a year ago but still managed to top Wall Street’s expectations. The retailer is cautiously looking towards the future, narrowing its full-year outlook with new expectations of a 3% to 4% sales drop compared to the previous 2% to 5% decline. Earnings per share are…
Tata Technologies, a leading provider of engineering and product development digital services, has announced that it will be initiating its initial public offering (IPO) for public subscription on November 22. The company, a subsidiary of Tata Motors, filed the red herring prospectus (RHP) with the Registrar of Companies in Maharashtra on November 13, 2023, according…
Adani Green Energy Advisor’s Appointment to Panel Sparks Political Uproar The recent appointment of a key advisor from Adani Green Energy Limited (AGEL) to an environment ministry panel has caused a political outcry, with opposition parties criticizing the government for a perceived conflict of interest. Janardan Choudhary, an advisor to AGEL, was named as one…
India’s Wholesale Price Index (WPI) Shows Seventh Consecutive Month of Negative Inflation According to official data released on Tuesday by the Ministry of Commerce and Industry, wholesale inflation in India, as measured by the Wholesale Price Index (WPI), remained in the negative for the seventh consecutive month through October. The annual rate of inflation based…
