Ola Electric, Lenskart, Vodafone Idea, IndiGo, and IndusInd Bank Among Key Stocks in Focus
Ola Electric Mobility has received ₹366.78 crore under the PLI-Auto Scheme for FY 2024-25, while Lenskart has invested KRW 3 billion for a stake in South Korea's iiNeer Corp. Vodafone Idea faces over ₹83 crore in GST penalties, and IndiGo has commenced operations at Navi Mumbai International Airport, connecting 13 destinations. Additionally, IndusInd Bank is under investigation for a derivatives issue affecting ₹2,000 crore on its balance sheet.
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Ola Electric Mobility has been sanctioned ₹366.78 crore under the PLI-Auto Scheme for FY 2024-25 by the Indian Ministry of Heavy Industries. Lenskart Solutions Pte. Ltd. approved an investment of KRW 3 billion for a 29.24% stake in South Korea's iiNeer Corp.
Vodafone Idea faces GST penalties exceeding ₹83 crore from tax authorities in Mumbai and Bengaluru. IndiGo has launched operations at Navi Mumbai International Airport, connecting 13 destinations. IndusInd Bank is under investigation by the SFIO regarding a derivatives issue impacting ₹2,000 crore on its balance sheet.
JK Cement won a limestone mining lease in Rajasthan. AVG Logistics signed an MoU with Baidyanath LNG for LNG-powered transport solutions. Vikran Engineering received a ₹459.20 crore EPC contract for a solar project in Uttar Pradesh.
Gujarat Gas announced the resignation of its Managing Director. Deepak Mining Solutions plans to acquire an explosives manufacturer. Aequs had a favorable ruling on an ₹77.96 crore tax demand.
Silicon Rental Solutions secured a ₹1.67 crore order from Techfruits Solutions. Manaksia Coated Metals is upgrading its galvanising line. KNR Constructions will sell its stake in highway SPVs for ₹1,543.19 crore. Supreme Industries received a ₹54 crore order from BPCL for LPG cylinders.
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