Bharat Dynamics To Hog Limelight On Debut

Shares of state-run defence equipment maker Bharat Dynamics debut on the stock exchanges today, 23 March 2018. The issue price is Rs 428 per share. The initial public offer (IPO) of the company that concluded last week was subscribed 1.3 times. The price band for the issue had been fixed at Rs 413 to Rs 428 per share.

Mahindra & Mahindra (M&M) announced that Mahindra and Ford signed five new memoranda of understanding (MoU) to co-develop midsize and compact SUV and electric vehicle, along with sharing powertrain portfolios. It also aims to embark on joint development of connected vehicle solutions. The agreement strengthens strategic collaboration between these two firms by focusing on product development for India and emerging markets. The MoUs, which are non-binding, mark the progress made by the two companies since announcing their alliance in September 2017. The announcement was made after market hours yesterday, 22 March 2018.

Infosys announced that it has made a follow-on investment of US$ 1.5 million through the Infosys Innovation Fund in Waterline Data Science, a leading provider of data discovery and data governance software. Infosys had made an initial investment of US$ 4 million in the company in January 2018. The announcement was made after market hours yesterday, 22 March 2018. Read More…

You may also read!

Adani steps up presence at Aero India, on lookout for more defence acquisitions

The Adani group has stepped up its presence at Aero India – it has the biggest display area at


Aero India 2019: DRDO unveils model for coastguard’s multimission maritime aircraft

India's Defence Research and Development Organisation (DRDO) unveiled a model of the Multi-Mission Maritime Aircraft (MMMA) proposed for the


Aero India 2019: India to receive second Scorpene-class submarine by April 2019

The Indian Navy will likely receive its second Scorpene-class submarine, Khanderi by March, or April 2019. The matter was confirmed with Jane's by chairman


Leave a reply:

Your email address will not be published.

Mobile Sliding Menu