Kinetic Engineering announces Rs 177 crore promoter-led investment to drive EV innovation and revenue growth
Promoters aim to increase stake to 70%, targeting ₹1,000 crore revenue by 2029
Matrika Shukla, Beat Editor at Business Upturn, is a Multimedia student. She is passionate about investigating and reporting on complex subjects. She has an extensive background in digital media with special focus on Politics.
Promoters aim to increase stake to 70%, targeting ₹1,000 crore revenue by 2029
The projects, which are expected to commence in the financial year 2025-26, include mixed-use, commercial, and residential developments across Gurgaon and Sonipat.
According to Xiaomi President Lu Weibing, the Xiaomi 15 Ultra will be launched globally and "sold simultaneously around the world." In a Q&A session reported by ITHome, Weibing hinted at an imminent launch. Wei Siqi, Xiaomi’s Mobile Phone Marketing Department General Manager, further suggested a February debut.
The new unit aims to bolster the company's production capabilities by adding a capacity of 68,000 metric tonnes (MT) per annum.
Mr. Kumar has held prominent positions, including Chief Financial Officer at Welspun Global Brands Limited and Director (Finance) at Raymond Group. His expertise spans financial management, strategic planning, and corporate governance, making him a valuable addition to Man Industries' leadership team.
Voltas also confirmed that the transfer of its direct investment in Saudi Ensas Company for Engineering Services and Trading LLC to UMPPL is expected to be completed by 31st March 2025.
The FDA clearance, granted on January 14, 2025, confirms the device's safety and effectiveness, deeming it substantially equivalent to legally marketed predicate devices.
The purchase order, dated January 15, 2025, includes Rs. 4 crore in supply for Q4 of the current fiscal year and Rs. 46 crore allocated for the next financial year, further cementing Nitco's resurgence in the market.
CPL will enhance its focus on renewable energy and power transmission infrastructure, supported by an order book of ₹3,212 crores.
The six-year agreement underscores Azad Engineering's capabilities in delivering high-quality components for advanced gas turbines, solidifying its position as a leading player in the precision manufacturing industry.
Happiest Minds' Generative AI Business Services (GBS) team worked closely with Coca-Cola's strategic team to develop tailored solutions addressing fragmented policy data access and nationwide cooler monitoring challenges.
This procurement emphasizes Jost's Engineering's commitment to delivering cutting-edge solutions and enhancing infrastructure resilience for critical applications.
"This acquisition marks a pivotal moment for RP Tech as we diversify into cybersecurity," stated Kapal Pansari, Managing Director at Rashi Peripherals.
Innovators Facade Systems Limited is a leading player in the design, engineering, manufacturing, and installation of façade systems in India.
The retail division saw a robust performance in Q3 FY25, with consumption (retailer sales) reaching approximately Rs. 3,998 crore, marking a 21% year-on-year (YoY) increase.
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