The division will start deliveries in this quarter to select OEM customers and aftermarket. The braking division will house brake shoes, brake pads, brake liners, CBS, Mechanical Disc Brake Systems (MDBS) and offer a comprehensive range of braking products for its valued customers.
Posts in category Business Standard
Jupiter Life Line Hospitals acquires land in Bibvewadi, Pune (22-02-2024)
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Bharat Forge to invest Euro 15 million in Bharat Forge Aluminiumtechnik GmbH (22-02-2024)
Bharat Forge Aluminiumtechnik GmbH (BFAT) is a wholly owned step down subsidiary of Bharat Forge. BFAT is engaged in the manufacturing and supply of aluminium components for automotive industry.
Accordingly, the investment by the Company in BFGH for further proposed investment in BFH and subsequent proposed investment in BFAT is in furtherance of BFAT’s main line of business.
Nifty hits record high, ends above 22,200; NSE VIX dips 5% (22-02-2024)
The benchmark indices settled higher on Thursday, with the Nifty50 reaching a new high of 22,252.50, propelled by widespread buying across sectors. This upturn came after a negative start, during which the Nifty50 temporarily dipped below 21,900 before staging a rally in the final hours of trading. The market displayed high volatility, largely attributed to the weekly expiry of Nifty50 options. However, the Nifty50 found support at the 21-day EMA on the lower end before surging towards higher levels. IT, auto and metal shares advanced, while banks and financial stocks declined.
Juniper Hotels IPO subscribed 23% (22-02-2024)
The offer received bids for 66.03 lakh shares as against 2.89 crore shares on offer.
Inflation turning lower, demand conditions strong according to RBI MPC meeting minutes (22-02-2024)
The Reserve Bank of India or RBI announced minutes of the monetary policy committee (MPC) meeting held on February 6 to 8, 2024. RBI Governor Shaktikanta Das stated that CPI inflation has fallen decisively from the heightened levels of last summer, led by steady and sustained disinflation in core, though there have been intermittent interruptions caused by adverse food price shocks. Inflation is expected to soften further to an average of 4.5 per cent in 2024-25 with a fleeting trough of 4 per cent in Q2.
GPT Healthcare IPO subscribed 37% (22-02-2024)
The offer received bids for 72.43 lakh shares as against 197.63 crore shares on offer.
UCO Bank announces appointment of Non-Executive Chairman (22-02-2024)
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Board of Gujarat Mineral Development Corporation approves capital outlay of Rs 3,041 cr for FY25 (22-02-2024)
The company has allocated Rs 1,138 crore towards new lignite projects; Rs 629 crore to expedite the operationalization of the allotted coal blocks in Odisha. Further, the company has allocated Rs 462 crore for the expansion and modernization of its metal projects.
J B Chemicals & Pharmaceuticals grants 30,000 stock options (22-02-2024)
The total outstanding stock options stand at 50,20,886 (comprising of 20,80,920 time-based stock options and 29,39,966 performance-based stock options).