The public issue of Hero Motors - the flagship auto components company of Hero Motors Company (HMC) Group - was proposed to be a combination of fresh issue as well as an offer-for-sale to raise Rs 900 crore.
Hero Motors IPO | Public issue is a combination of fresh issuance of equity shares worth Rs 500 crore, and an offer-for-sale (OFS) of Rs 400 crore worth shares by promoters, according to the DRHP filed on August 23.
IRM Energy’s IPO is all set to open on October 18 whereas Tata Technologies IPO is expected to launch in mid-November, according to reports.
The auto components arm of Hero Motors Company Group is also planning to significantly ramp up investments in EV component manufacturing.
The chip shortage was beginning to tell on equipment manufacturing, making it tougher for companies to procure tools, which would impact production timelines, Gelsinger has said
The company says Cycle Valley is expected to take Hero Group’s manufacturing capacity to 10 million bikes every year.
Founded in 2013 by IIT-Delhi engineers, Zenatix has built its own proprietary IoT stack, which includes hardware, cloud-based software and big-data analytics.
ONGC, Tata Motors, Maruti, Hero and Axis Bank are top gainers while HDFC, ICICI Bank, GAIL, Asian Paints and Bharti Airtel are losers in the Sensex.
One of the world's leading motorcycle manufacturers has chosen Hero group's transmission division to make an important component of its premium motorcycles is evidence of the company's expertise, the company said in a statement.
Hero Cycles, the world’s largest cycle manufacturer by volume, today announced a senior level executive appointment of Mr
Faced with health related issues for the past few months, Munjal had retired from active role in the business last month and his son Pankaj Munjal succeeded him as the Chairman and Managing Director of the Hero Motors group.
In an interview to CNBC-TV18, Hemanth Thukral recommends buying Bajaj Auto keeping a stop loss of Rs 1920 and a target of Rs 2070 and selling BHEL keeping a stop loss of Rs 190 and a target of Rs 163
After yesterday's flat closing, the temperament of the market is to be long for day traders, said Sudarshan Sukhani of S2analytics.com. He expects to see a rally and momentum players come in.