Electric mobility firm Magenta on Tuesday said it has entered into a strategic collaboration with Hinduja Group's EV arm Switch Mobility to deploy the latter's electric commercial vehicles (eLCVs) for mid- and last-mile delivery pan-India.Magenta signed an initial pact with Switch Mobility to deploy 500 units of its recently launched eLCV leV4 pan-India over two years.
Open FlipLeading residential air conditioner maker Voltas Ltd on Tuesday (May 7) reported a 22.8% year-on-year (YoY) drop in net profit at ₹110.6 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, Voltas posted a net profit of ₹143.2 crore, the company said in a regulatory filing. The company's revenue from operations jumped 42.1% to ₹4,202.9 crore against ₹2,957 crore
Open FlipThe initial share sale of Slone Infosystems, which provides IT hardware solutions, had a robust subscription on May 7, the last day of bidding, as investors bought 86.25 crore equity shares against the offer size of 14 lakh equity shares.Non-institutional investors and qualified institutional buyers provided major support to the issue, picking 756 times the reserved portion,
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