Infosys announced a strategic long -term collaboration with ArcelorMittal, the world s leading steel and mining company. ArcelorMittal has chosen Infosys to help accelerate the company s digital transformation journey and enable next-generation application management and business process management (BPM) services for ArcelorMittal Europe.
CEAT has entered into a Third Addendum Agreement to the existing Share Subscription and Shareholders Agreement with Tyresnmore Online Private Limited (associate of the Company) and other parties, for making a future investment of upto Rs. 2.40 crore in Tyresnmore, on such terms and conditions as prescribed therein to acquire additional 3.47% of the post issue total share capital of Tyresnmore.
Ashok Leyland subsidiaries to offer EVs & mobility as service
By IANS |
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Ashok Leyland.. Image Source: IANS News
Chennai, April 8 : Commercial vehicles major Ashok Leyland Ltd. announced floating of two subsidiaries to make electric vehicles (EV) and the other to offer mobility as a service.
In a statement issued late Wednesday Ashok Leyland part of the Hinduja group said its UK based EV-maker Switch Mobility Ltd, making buses and vans, will float Switch Mobility Automotive Ltd. for electric automobiles.
Another subsidiary called OHM Global Mobility Private Ltd. would focus on providing mobility as a service.
Sitch Mobility Automotive Ltd. brings together Ashok Leyland s capabilities both from Optare UK and Ashok Leyland s EV Division, the statement said.
Chennai: Switch Mobility Automotive Limited today joined hands with Siemens Limited, a global technology powerhouse known for their engineering excellence, innovation, quality and reliability over 170 years, to address the potential of the e-mobility market in India, driven by a strong commitment to support zero emission mobility through lowest Total Cost of Ownership.
Switch Mobility Automotive and Siemens have entered into a Memorandum of Understanding (MOU) towards building a co-operative technological partnership in electric commercial mobility segment and execute eMobility projects in India
The MOU is aimed at delivering efficient, cost-effective and sustainable E-Mobility solutions to various commercial vehicle customers in India. To achieve this objective, Switch Mobility Ltd., will bring its strong electric commercial vehicle industry experience while Siemens will offer its proven flexible, high-efficiency and future-ready charging infrastructure technology with efficie
April 08, 2021
Dheeraj Hinduja, Chairman, Switch Mobility - Businessline× Switch Mobility Automotive Ltd, Ashok Leyland’s electric vehicle arm, has joined hands with global engineering major Siemens for addressing the e-mobility market in India.
Both have signed an agreement towards building a co-operative technological partnership in electric commercial mobility segment and execute e-Mobility projects in India, according to a statement.
As part of the agreement, Siemens Financial Services (SFS), the financing arm of Siemens AG, will consider a minority investment in OHM Global Mobility Private Ltd., the eMaas platform company to be formed as a subsidiary of Switch Mobility Automotive Ltd. The pact is aimed at delivering efficient, cost-effective and sustainable E-Mobility solutions to various commercial vehicle customers in India.
The domestic equities were trading with modest gains in early afternoon trade. The Nifty was trading above 14,900 mark. All the sectoral indices on the NSE were in the green.
At 12:20 IST, the barometer index, the S&P BSE Sensex, soared 271.91 points or 0.55% at 49,933.67. The Nifty 50 index gained 103.85 points or 0.70% at 14,922.90.
Investors risk appetite improved after the minutes of last month s meeting of the U.S. Federal Reserve suggested that Fed officials were united on the need to see more progress on economic recovery before scaling back their bond-buying program.
In the broader market, the S&P BSE Mid-Cap index added 0.98% while the S&P BSE Small-Cap index rose 1.09%.