Tata Motors Raises Commercial Vehicle Prices; Reliance Signs $3B Green Ammonia Deal with Samsung C&T
Tata Motors announced a price increase of up to 1.5% for its commercial vehicles effective April 1 to counter rising costs. Reliance Industries entered a long-term $3 billion Supply and Purchase Agreement with Samsung C&T for Green Ammonia, set to begin in FY2029, positioning India as a green fuel exporter. Other updates include L&T Technology Services launching an AI-powered platform for lung diagnostics, Nucleus Software appointing Yasmin Javeri Krishan as Chairperson, and REC Ltd declaring a 32% interim dividend.
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Tata Motors will increase prices by up to 1.5% on commercial vehicles effective April 1 to mitigate rising input costs. Reliance Industries has signed a binding $3 billion Supply and Purchase Agreement with Samsung C&T for Green Ammonia, starting in FY2029, enhancing India's role in green fuel exports.
L&T Technology Services launched an AI-powered digital twin platform for healthcare applications. Nucleus Software appointed Yasmin Javeri Krishan as Chairperson effective March 19. REC Ltd approved a 32% interim dividend, payable by April 14, 2026.
GMDC signed an MoU with NMDC to explore Rare Earth Elements collaboration. Carborundum Universal commenced production of cutting wheels at its Hosur facility, doubling capacity. Fiem Industries inaugurated an EMI and EMC Testing Lab in Gurugram. Cupid Breweries is expanding in West Bengal, and Bajaj Electricals signed an agreement to acquire Morphy Richards' brand rights for ₹141.4 crore.
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