Latest news with #PGC
Time of India
an hour ago
- Automotive
- Time of India
Maruti Suzuki to expand beyond cars: Board clears MoA changes for drones, EVs & more
Maruti Suzuki India Ltd (MSIL) on Thursday said its board has approved alterations to the Object Clause of its Memorandum of Association (MoA) to expand its business scope beyond automobile manufacturing . In a filing to the NSE and BSE, the company said the changes were cleared at the board meeting held on July 31, 2025, and will be placed before shareholders for approval at the upcoming AGM on August 28, 2025. Explore courses from Top Institutes in Please select course: Select a Course Category Cybersecurity Design Thinking Data Analytics Project Management Product Management Finance Others others CXO Management Data Science Artificial Intelligence Leadership MCA Digital Marketing Technology Data Science PGDM Healthcare Degree Operations Management Public Policy MBA healthcare Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details The revised clause broadens MSIL's mandate to include manufacturing of drones , unmanned aerial vehicles (UAVs), and unmanned aircraft systems (UAS), along with new-age technologies related to propulsion and control systems. It also allows the company to venture into mobility services such as vehicle leasing, subscription, shared mobility, used car sales, EV charging infrastructure, hydrogen and biogas trading, carbon credit monetization, and end-of-life vehicle recycling. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indonesia: Bathroom Remodeling Trends in 2025 May Surprise You Bathroom Remodeling | Search Ads Search Now Undo The company plans to offer consulting, R&D, logistics, and supply chain services, alongside facilities for vehicle testing and certification. The move reflects company's push to diversify into emerging mobility solutions and sustainable technologies in line with industry trends.
Time of India
8 hours ago
- Business
- Time of India
Trump says US will set 15% tariff on South Korean imports under new deal
President Donald Trump said on Wednesday the U.S. will charge a 15% tariff on imports from South Korea as part of a deal that eases, for now, tension with a top-10 trading partner and key Asian ally. The arrangement, announced shortly after Trump met with Korean officials at the White House, came during a blizzard of trade policy announcements ahead of a self-imposed August 1 deadline. Explore courses from Top Institutes in Please select course: Select a Course Category Cybersecurity PGDM Product Management Operations Management Technology others Leadership Artificial Intelligence healthcare Finance Project Management Data Science Design Thinking Others Healthcare MBA Digital Marketing MCA CXO Public Policy Management Data Science Data Analytics Degree Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details That is when Trump has promised higher tariffs will kick in on U.S. imports from a range of countries. Imports from South Korea, a powerhouse exporter of computer chips, cars and steel, faced a 25% rate. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo "I am pleased to announce that the United States of America has agreed to a Full and Complete Trade Deal with the Republic of Korea," Trump wrote on Truth Social. The negotiations were an early test for South Korean President Lee Jae Myung, who took office in June after a snap election. He said the deal had eliminated uncertainty in the export environment and set U.S. tariffs lower than or at the same level as major competitors. Live Events "We have crossed a big hurdle," Lee said in a post on Facebook. Trump said Lee would visit the White House "within the next two weeks" for his first meeting with the U.S. president. Trump said South Korea had agreed to invest $350 billion in the United States in projects selected by Trump and to purchase $100 billion of liquefied natural gas and other energy products, the U.S. president said. Both steps have been major priorities for Trump, a Republican, in other trade deals. Of the $350 billion investment fund, $150 billion was aimed at a shipbuilding partnership while $200 billion would include funds for chips, nuclear power, batteries, and biologics, Kim Yong-beom, policy chief from the South Korean presidential office , told a briefing. Kim said some existing investment plans by South Korean companies would be part of the fund, and that they had ensured there would be safeguards over how the funds were used. Reuters has not seen the text of the deal or analyzed its terms. It was not immediately clear how the investment deals would be structured, where the financing would come from, over what time frame they would be implemented and to what extent their terms would be binding on the parties involved. Trump said additional South Korean investments would be announced later. Trump also said South Korea would accept American products, including cars, trucks and agriculture into its markets and impose no import duties on them. U.S. Commerce Secretary Howard Lutnick said on X that the South Korean energy purchases would take place "over the next 3.5 years." The U.S. tariff rate on South Korean autos would be set at 15% and their semiconductor and pharmaceutical exports would not be treated more harshly than those from other countries, he added. Steel, aluminum, and copper were not covered by the new deal and U.S. tariff rates on those goods would remain unchanged. Despite claims by Trump and U.S. officials that non-tariff barriers on agriculture would be eliminated, Kim said that South Korea's rice and beef markets would not be open. South Korean Finance Minister Koo Yun-cheol, Industry Minister Kim Jung-kwan and Minister for Trade Yeo Han-koo had been in Washington for talks with senior U.S. officials and were believed to have met with Trump shortly before the deal announcement. Pressure had been mounting on South Korea since Japan clinched a deal to cut Trump's threatened tariffs to 15% earlier this month. Amid the last-minute push by government officials to reach a tariff deal, South Korea's Samsung Electronics inked a $16.5 billion chip deal with Tesla. South Korean battery maker LG Energy Solution also signed a $4.3 billion deal to supply Tesla with energy storage system batteries, a person familiar with the matter told Reuters.
Time of India
20 hours ago
- Business
- Time of India
Emami unveils new brand identity to mark 50th anniversary
Emami Ltd on Wednesday unveiled a fresh corporate identity to mark its 50th anniversary, signifying the conglomerate's global footprint and adaptability. Emami Vice Chairman and MD Harsha Vardhan Agarwal said the rebranding marks a pivotal step in the conglomerate's evolution. Explore courses from Top Institutes in Please select course: Select a Course Category Cybersecurity Management Data Science Technology Others PGDM Product Management others Finance MBA CXO Data Science Healthcare Public Policy Operations Management healthcare Project Management MCA Leadership Design Thinking Digital Marketing Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details "The new identity reflects who we are today -- rooted in heritage, powered by innovation and a global outlook," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas Prices In Dubai Might Be More Affordable Than You Think Villas In Dubai | Search Ads Get Quote Undo In a statement, the company said the redesigned logo retains the iconic ellipse, now evolved into a sphere to signify Emami's global footprint and adaptability. "The stylised 'e' in the centre symbolises reinvention and continuous growth. A modernised colour palette and refined typeface aim to project confidence and forward momentum," it said. Live Events As part of the rebranding, each of Emami's businesses will adopt a modern typeface and distinct colour derived from the new corporate design, aligning with the group's unified yet diverse identity, it added.
Time of India
a day ago
- Business
- Time of India
Jakson Green signs first wind Power Purchase Agreement with GUVNL for 100 MW project
Green energy transition platform Jakson Green on Wednesday said through its subsidiary JGRJ Three Solar Private Ltd it has signed its first wind Power Purchase Agreement with Gujarat Urja Vikas Nigam Ltd ( GUVNL ) for a 100 MW project . The two companies have signed a 25-year Power Purchase Agreement (PPA) at a tariff of Rs 3.59 per unit, under GUVNL's Wind Tender (Phase VIII), a company statement said. Explore courses from Top Institutes in Please select course: Select a Course Category Cybersecurity Degree Management Healthcare Finance Artificial Intelligence Digital Marketing Others PGDM Project Management others Technology Data Science Public Policy Data Science Product Management CXO MBA Leadership healthcare MCA Design Thinking Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details This 100-MW Gujarat-based project is expected to deliver over 300,000,000 kWh units of energy annually, offsetting approx. 250,000 tonnes of CO₂ emission in a year. The energy generated from the power project will be procured by GUVNL, a company statement said. "Our first wind power PPA with GUVNL marks our entry into utility-scale wind energy. This is a natural progression for Jakson Green, building on our solar and hybrid portfolio , and underscores our commitment to diversifying our green energy solutions and accelerating India's transition to a sustainable future," Kannan Krishnan, Managing Director of Jakson Green, said. Live Events The project is expected to become operational within 24 months. "India's immense wind energy potential, estimated at over 695 GW, positions our country as one of the global leaders in installed wind capacity," says Krishnan Rajagopalan, Head - IPP, Jakson Green. Rajagopalan further noted that "this vast resource, especially in states like Gujarat, provides a viable pathway to a sustainable energy future for the nation, and we are committed to playing a role in harnessing it." Jakson Green is a green energy transition platform, offering engineering, procurement and construction (EPC) and operations and maintenance (O&M) services for renewables and green molecule projects in the domestic and international markets and is backed by the Jakson Group.
Time of India
a day ago
- Business
- Time of India
Laxmi India Finance IPO subscribed 50% on Day 2 so far, GMP signals 5% listing pop. Should you subscribe?
The Rs 254.26 crore initial public offering (IPO) of Laxmi India Finance, a Rajasthan-based non-banking financial company (NBFC) focused on MSME and vehicle loans, was subscribed 50% on the second day of bidding on Wednesday, driven by strong interest from retail and non-institutional investors. By 11:00 AM on day 2, the retail tranche had been bid by 83%, while the non-institutional investor (NII) category saw 26% subscription. The quota for qualified institutional buyers (QIBs) received 10% bids. Explore courses from Top Institutes in Please select course: Select a Course Category Cybersecurity CXO MCA Leadership Degree Data Science MBA Healthcare Design Thinking Data Science Artificial Intelligence Others others Product Management Operations Management Management Public Policy PGDM Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details Laxmi India Finance IPO GMP As of July 30, the grey market premium (GMP) for Laxmi India Finance IPO stood at Rs 8.25. With the IPO's upper price band set at Rs 158 per share, the implied listing price is Rs 166.25, a gain of about 5.2%. Issue structure and use of proceeds The IPO, which opened for subscription on July 29 and closes on July 31, is a book-built issue with a price band of Rs 150–158 per share. It comprises a fresh issue of 1.04 crore equity shares worth Rs 165.17 crore and an offer for sale (OFS) of 56.38 lakh shares worth Rs 89.09 crore by existing shareholders. Live Events The company intends to utilise the net proceeds from the fresh issue to strengthen its capital base and support future lending operations. Shares are proposed to be listed on both the BSE and NSE, with a tentative listing date of August 5. Retail investors can bid for a minimum lot size of 94 shares, amounting to Rs 14,852 at the upper end of the price band. Company fundamentals and growth Laxmi India Finance has built a strong footprint in rural and semi-urban lending. As of March 2025, the company reported assets under management (AUM) of Rs 1,277 crore, with MSME loans accounting for 76.34% of the portfolio. The loan book spans Rajasthan, Gujarat, Madhya Pradesh, and Chhattisgarh, supported by a branch network of 158 offices and over 35,500 active borrowers, many of them first-time credit customers. The company's revenue surged 42% year-on-year to Rs 248 crore in FY25, while profit after tax climbed 60% to Rs 36 crore. Backed by high-yield lending products and a focus on underserved markets, Laxmi India Finance positions itself as a scalable play on India's growing formal credit ecosystem. Should you subscribe to Laxmi India Finance IPO? Bajaj Broking recommends subscribing to the IPO from a long-term investment perspective. 'Laxmi India Finance Limited (LIFL) focuses on catering to the financial needs of underserved customers, particularly in the MSME segment. Over the past three fiscal years, the company has shown steady growth in both total income and net profit, reporting Rs 130.67 crore / Rs 15.97 crore in FY23, Rs 175.02 crore / Rs 22.47 crore in FY24, and Rs 248.04 crore / Rs 36.01 crore in FY25,' the brokerage noted. The company's average earnings per share (EPS) over the last three years stood at Rs 7.26, with an average return on net worth (RoNW) of 14.01%. Based on FY25 annualised earnings, the IPO is priced at a price-to-earnings (P/E) ratio of 22.93, and 36.74 based on FY24 earnings, according to the brokerage. PL Capital Markets is managing the IPO, while Link Intime has been appointed as the registrar. Also read | Aditya Infotech IPO GMP hints at 38% listing pop. Some brokerages say subscribe, others warn of risks ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
