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DRIVELINE BUSINESS
ET Prime Special Series: Multibagger or IBC - Part 63: This engine parts maker is now chasing aerospace, defenceSome auto ancillary stories are best understood by products. This one is best understood by buckets. The first bucket is still old auto, an...- Sebi approves IPOs of Renny Strips, Krishna Buildspace and Rodec PharmaSebi has approved IPOs for Renny Strips, Krishna Buildspace, and Rodec Pharmaceuticals. Renny Strips, a structural steel manufacturer, inte...
- For investors who can think beyond war and austerity measures: 5 large-caps from different sectors with upside potential of 31%A bounce-back after a correction should not be confused with the disappearance of risk. Geopolitical tensions may have faded from daily hea...
- Don't miss this train: BofA upgrades Sona Comstar on 3 growth enginesSona Comstar shares surged over 4% after BofA Securities upgraded the stock to 'buy' with a Rs 640 target price. The brokerage anticipates ...
- ET Prime Series: Multibagger or Bankrupt - Part 46: Can a new product change the fortunes of this auto ancillary?This company’s journey reflects a steady transition from an Indo-Japanese joint structure to majority control by its global parent. Over de...
- Sona Comstar shares in focus after China EV JV worth $20 millionSona Comstar has signed a $20 million JV deal with China’s Jinnaite Machinery to manufacture driveline systems for EVs and non-EVs. Backed ...
- Sona Comstar establishes joint venture for EV components manufacturing in ChinaSona BLW Precision Forgings (Sona Comstar) has signed a binding term sheet with China’s Jinnaite Machinery Co. (JNT) to form a joint ventur...
- Carraro India turning the corner, offers an entry pointThe company has in-house design and manufacturing capabilities. However, it historically has a lower operating margin before depreciation a...
- Sona BLW Precision shares rise 3% on new plant launch in Manesar, HaryanaShares of Sona BLW Precision Forgings rose nearly 3% following the inauguration of its new driveline plant in Manesar, Haryana. This develo...
- Volvo Group bullish on India's growing commercial vehicle marketIndia is set to experience significant growth in the next decade and become a key player in manufacturing operations for the Volvo Group, a...
- Revenue share from EV segment to touch 50 pc by FY27: Sona Comstar MD"As much as 66 per cent of our overall order book pertains to the EV segment. So, it (EV segment revenue) should account for 45 per cent in...
- Rising commercial vehicle demand to be additional growth lever: Sona BLW PrecisionThe company, however, said that while green shoots are visible in the CV segment, it expects sales in the category to regain peak volumes s...
- Bharat Forge may sustain premium valuation amid higher revenue visibilityGiven the improving revenue visibility amid the buoyancy in truck orders in North America, the company may see earnings upgrades by analyst...
- Sona BLW IPO: What does the management say, grey market premium & moreThe company reported the highest operating Ebitda margin, PAT margin, ROCE and ROE in FY20, as compared to top 10 listed auto component man...
- Cashinvoice appoints Tata Capital’s Govind Sankaranarayanan to boardGovind Sankaranarayanan, who was also CFO at Tata Communications, has spent a decade establishing Tata Capital as a financial services powe...
- CCI clears Hitachi Payment's 26% stake buy in SBI Payment ServicesSBI and payments solution provider Hitachi Payment Services entered into an agreement in October to form a JV.
- India well poised to feed into data science for jobs: Biocon Chief Kiran Mazumdar-ShawMazumdar-Shaw pointed out how startup founders in India, who are data scientists, functioned very differently from their counterparts in th...
- Tata Motors offers 6 yrs warranty for entire truck rangeThe six-year standard driveline warranty is based on the study of operation in lifecycle of over 20 lakh Tata trucks and tippers operating ...
- Sona Group lines up Rs 400 crore investmentThe Gurugram-based firm plans to expand its forging and electric axle businesses, besides developing new products. It also aims to increase...
- Axis Bank elevates V Srinivasan to DMDAxsi Bank, India's third largest private sector lender, on Tuesday elevated V Srinivasan as as deputy managing director of the bank with im...
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