Hero MotoCorp: The electric vehicle maker has raised Rs 900 crore from its existing investor Hero MotoCorp and GIC, through a rights issue. Company plans to use the funds for new product launch and expansion of its charging infrastructure and retail network.
GVK Power & Infrastructure: Anicattu Issac George has resigned as Whole-time Director & CFO of the company with effect from August 31. The company is in the process of appointing a new Chief Financial Officer.
Responsive Industries: The vinyl flooring manufacturer has bagged a contract for the Garib Rath initiative from Indian Railways. Last month, the company had secured orders from the Indian Railways for the Vande Bharat project.
Vedanta: The company has incorporated a wholly owned subsidiary – Sesa Iron and Steel for growth projects and to undertake expansion of its operations.
Force Motors: The commercial and utility vehicles maker has announced production of 3,032 units in August. Domestic sales for the month stood at 2,601 units, and exports at 675 units.