NBCC plans to set up its own non-banking finance company (NBFC) later this year to lower its borrowing costs for key infrastructure projects, according to two sources directly involved in the matter. The construction and real estate developer estimates the move will help it save $108 million in interest costs over the next two years, said the sources, who did not want to be named.
Open FlipBajaj Auto Limited on April 18 said that its Chetak e-scooter sales recorded their highest quarterly volumes till date. This helped the company jump to the third spot with regard to electric two wheeler sales in FY24 from the seventh spot in last fiscal. According to the Vahan portal, the company sold 40,672 units of Chetak in Q4 FY 2024.
Open FlipMahadhan Agritech Limited (MAL), a subsidiary of Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL), has partnered an Israel firm to promote high-performing specialty fertilisers in India and other countries. The tie up between Mahadhan Agritech, formerly known as Smartchem Technologies Limited (STL), and specialty plant nutrients supplier Haifa Group aims to improve crop quality.
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