Gulf Oil Lubricants India and Piaggio Vehicles (Piaggio India), a 100 % subsidiary of the Italian Piaggio Group and India’s leading manufacturer of small commercial vehicles have renewed their strategic partnership agreement to extend collaboration in delivering genuine and co-branded lubricants across Piaggio’s commercial vehicle segment. This exclusive partnership, renewed until 2030, underscores both companies’ commitment to high-performance, customized lubricant solutions and sets the foundation for further growth across retail, factory-fill, and export markets.
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Balaji Amines Opportunity (25-11-2024)
Just went through the Q2 FY 25 concall. I am a bit concerned about the way the management spoke with one of the investors.
Maybe the investor’s questions were ignorant (I don’t think they were) and maybe he was asking things which cannot be predicted before plant is operational. I have seen many investors and analysts ask much more basic questions in other concalls and generally good management answer them politely.
The company management spoke things like, “you should be aware of what’s happening in the country then you wouldn’t have asked such questions”, or “don’t waste your and my time”. To me, this looks like a big red flag.
Otherwise, didn’t find too much negative in the results and future plans. Lot of capacity coming up in a few years. Company is waiting on approvals and that was one of the concerns from the investor. Other than that, I was hoping to get an update on the hotel business but there was no updated provided around that.
Hopefully, I am not reading too much into it. Would love to hear thoughts of other members on this.
Disc: invested and thinking about exiting.
Sebi to auction 17 properties of KBCL on Dec 23 to recover illegal money (25-11-2024)
Capital markets regulator Sebi will auction 17 properties of KBCL India Ltd on December 23 to recover money illegally collected from investors.
The regulator has initiated the process for the sale of assets after KBCL India Ltd, its directors Rakesh Kumar, Vishvnath Pratap Singh and Shashi Kant Mishra failed to refund the investors’ money.
As many as 17 land parcels in Uttar Pradesh will be auctioned at a reserve price of Rs 4.23 crore, according to a notice issued by Sebi on Friday.
Quikr Realty has been engaged by Sebi to assist it in the e-auction, while C1 India has been appointed as the e-auction service provider.
As per the notice, the regulator said bidders should make their own independent enquiries regarding the encumbrances, litigations, attachments and acquisition of liabilities of the property put on auction, prior to submitting their bid.
The Securities and Exchange Board of India (Sebi) has invited bids for the sale of properties in the recovery proceedings against K
Sebi to auction 17 properties of KBCL India on Dec 23 (25-11-2024)
Capital markets regulator Sebi will auction 17 properties of KBCL India Ltd on December 23 to recover money illegally collected from investors. The regulator has initiated the process for the sale of assets after KBCL India Ltd, its directors Rakesh Kumar, Vishvnath Pratap Singh and Shashi Kant Mishra failed to refund the investors’ money.
Edelweiss Financial Services explores minority stake sale in MF unit (25-11-2024)
The 13th largest fund house may be valued around $700-$800 million
Afcons Infrastructure commissions 100-km railway project in Ghana (25-11-2024)
The Honourable President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo, commissioned the first ever Tema-Mpakadan Standard Guage Railway Line, executed by Afcons Infrastructure, last week. The project cost is approximately US$447 million.
Cummins India’s growth hinges on pricing trend, competitive intensity (25-11-2024)
The stock of Cummins India staged a recovery on Monday with over 6% gain after shedding nearly 7% since declaring the September quarter result on November 7. The company reported a strong double digit growth year-on-year in revenue and profit for the second quarter amid expansion in operating margin before depreciation and amortisation (EBITDA margin).
Hitachi Energy – BHEL consortium bags al HVDC link project from Power Grid (25-11-2024)
For transmission of renewable energy from Khavda to Nagpur
Realty developer Kalpataru gets SEBI approval for Rs 1,590-crore IPO (25-11-2024)
Realty developer Kalpataru Ltd has received approval from capital market regulator the Securities and Exchange Board of India (SEBI) for its maiden equity share sale. The company’s initial public offering (IPO) comprises a fresh issue of up to Rs 1,590 crore.