Samvardhana Motherson has entered into exclusive negotiations, through its subsidiary Motherson Global Investments, to potentially acquire 100% of the global wiring harness business of Nexans AutoElectric GmbH.
Harshit Kapadia, Vice President covering industrials, defence, railways and consumer sectors at Elara Securities, said multiple large projects are set to come together for BEML in 2026–27 (FY27), improving earnings visibility.
In addition, the board has approved raising up to ₹300 crore through the issuance of 51.28 lakh equity shares at ₹585 per share. These shares will be allotted to investors across various non promoter categories.
Indian rupee opened at 89.64 against the US dollar, rebounding from last week’s 91.0750 low after central bank intervention, with market focus now on key US economic data.
Last week, L&T’s buildings and factories business had won large orders from the Madhya Pradesh State Tourism Development Corporation. The company classifies those orders, which range from ₹2,500 crore to ₹5,000 crore as “large” ones.
This is the second fund raise that Coforge has planned over the last 18 months. Previously, the company had raised ₹2,240 crore through the issue of shares to eligible institutional buyers through a QIP to fund the acquisition of Cigniti…
The newly acquired land parcel at Attibele Hobli has a saleable area of 6.4 msft and a potential gross development value of over ₹4,800 crore.
Nirmal Bang’s Jyoti Gupta said the proposed amalgamation of ACC and Orient Cement could deliver over 12% value accretion for Ambuja shareholders, driven by cost savings, working capital gains, and tax benefits.
Steven Englander, Managing Director and Global Head of G10 FX Research and North American Macro Strategy at Standard Chartered Bank, was decisive on the outlook for the Indian rupee, saying the current phase of US dollar weakness is unlikely to…
The company said the balance amount will be utilised to meet tax obligations linked to the transaction.