Inks partnership with Tata Motors and Tejas Networks, plans innovation centre with TCS
CLOSING BELL: The Nifty IT, Bank, and FMCG indices dropped over 1 per cent each
As part of the partnership, Renesas will also work with Tejas Networks, a Tata Group company, on wireless network solutions including 5G
Stocks to watch today: Akash M Ambani will take over as non-executive director and chairman of the board of directors of Reliance Jio; Tata Motors will hike prices of CVs by 1.5 to 2.5 per cent.
The hike will be across the range of commercial vehicles and the quantum will depend on individual model and variant, Tata Motors said in a regulatory filing.
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Those drops coincide with the rupee touching its lowest against the dollar, making it more expensive for the Indian companies already facing the challenge of higher interest rates
This is the first such incident involving an e-car in India
The government has ordered an independent enquiry into a Nexon electric vehicle catching fire in Mumbai, a senior Road Transport and Highways ministry official said on Thursday. "We have ordered an independent enquiry to investigate the Nexon EV fire incident," the official told PTI. The Centre for Fire Explosive and Environment Safety (CFEES), Indian Institute of Science (IISc) and Naval Science & Technological Laboratory (NSTL), Visakhapatnam have been asked to probe the circumstances that led to the incident and also suggest remedial measures, the official added. Tata Motors said it is also investigating the incident of its Nexon EV catching fire in Mumbai. Responding to the incident that has been widely shared on social media, Tata Motors in a statement on Thursday said, "A detailed investigation is currently being conducted to ascertain the facts of the recent isolated thermal incident that is doing the rounds on social media." Further, it said, "We will share a detailed ...
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Among other Tata Group stocks, Tata Steel, Tata Power and Titan look weak on the charts, and are likely to see more downside.
CLOSING BELL: Bajaj twins, Coal India, JSW Steel, Apollo Hospitals, ITC, ICICI Bank, RIL, and HDFC Bank were the top Nifty gainers, rising between 0.8 per cent and 3 per cent
Semiconductor shortage has 'disproportionately adverse impact' on UK subsidiary, says Indian company in annual report
Sebi has let off Tata Motors with a warning to be "more careful" in its future dealings in the securities market, saying any orders passed at this stage may not practically serve any purpose
Stocks to Watch today: Tata Motors signed the biggest-ever EV fleet order in India with the largest fully-electric ride-hailing service firm - BluSmart Mobility for delivering 10,000 Xpres-T EVs.
Comes close on the heels of order signed with BluSmart for 3,500 Xpres-Ts
The deployment of 10,000 units makes this the biggest ever EV fleet order in India
Tata Motors is gearing up to strengthen its R&D with fresh hiring as well as upskilling of the current employees this fiscal year in order to scale up capabilities across various business verticals, including the electric vehicle segment, as per a top company official. In the EV space, the company is looking to enhance its expertise in the area of battery packs and vehicle architecture, among others. "As far as hiring in R&D is concerned we are going for major hiring, especially this year, but there is also another area which we have looked into very deeply and that is upskilling the current engineers within R&D," Tata Motors President Passenger Vehicle and Electric Vehicles Shailesh Chandra said in an analyst call. It is going to be a big component of how the company is planning to really expand its R&D base, he added. The Mumbai-based auto major, in line with its growth aspirations and business plans for the next few years, is hiring across various verticals like ...
However, executives warn of rising inflation's impact on demand
Korean carmaker Hyundai that sells the Kona electric sedan, too, is looking to ride the EV wave