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Ola Electric plans Rs 2,000 cr fundraise for battery arm
Ola Electric is raising up to Rs 2,000 crore by selling a stake in its battery unit, Ola Cell Technologies. This move aims to strengthen its finances and restructure operations. The company's battery plant in Tamil Nadu is set to expand its capacity. This development is crucial for India's domestic EV supply chain and energy storage solutions.
Thai Airways to increase ticket prices by up to 15% on rising fuel costs
Thai Airways is implementing a 10% to 15% fare increase to offset rising fuel costs and supply chain issues. The airline noted that these increases are fuel surcharges and remain within the current price ceiling. Positive advance bookings in March and passenger diversions from Middle Eastern airspace are also contributing to the airline's outlook.
Kolkata Port signs agreement with East Horizon for Rs 260 crore FSRU project at Haldia
Syama Prasad Mookerjee Port, Kolkata will soon have a Floating Storage and Regasification Unit at Haldia Dock Complex. East Horizon Pvt Limited will establish this facility. The project involves an investment of approximately Rs 260 crore. This will boost LNG handling capabilities in eastern India. It will also support cleaner energy infrastructure development and strengthen the national gas supply chain.
Stocks to Watch Today: Infosys, Waaree Renewable, HG Infra, InterGlobe Aviation, TVS Supply Chain, Brigade, SEDEMAC, Arvind SmartSpaces in focus on 11 March
Stocks to Watch, 11 March: Stocks like Infosys, Waaree Renewable Technologies, Arvind SmartSpaces, Waaree Energies, Central Bank of India, Hindustan Zinc, Adani Enterprises, SEDEMAC Mechatronics, HG Infra Engineering, Polycab India, InterGlobe Aviation, and Eicher Motors will be in focus on March 11
How should investors respond to Modi’s call for austerity?
Rising energy costs and supply-chain disruptions may reshape consumption patterns
GMDC shares jump 5% as Quad unveils critical minerals framework, rare-earth supply chain initiative
GMDC stock gained over 5% on Quad minerals framework announcement, which seeks to boost critical mineral supply chains. The stock is up 91% in a year, with its current market capitalisation at Rs 22,000 crore. Quad will bolster critical minerals and energy security.
Discovery Series: Can Azad Engineering fit into the global engine supply chain?
The company is capitalising on a rare alignment where GE, Rolls-Royce, and Siemens are all raising bets simultaneously
Nifty Auto crashes over 3% as crude tops $100 again, LNG fears add pressure; M&M, Maruti among top Nifty losers
The Nifty Auto index ended 3.2 percent lower, the steepest fall among sectoral indices, as rising energy costs and supply-chain concerns weighed on stocks. High crude oil prices can add to fuel cost pressures for customers, while shortage of gas could disrupt component production.
Middle-East deal hopes: How should one look at the investment landscape?
A US-Iran deal could lower energy costs, ease supply-chain pressures, and create fresh opportunities across sectors