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Goldman Sachs has shown confidence in Hindustan Aeronautics Ltd (HAL) and Zomato by purchasing significant shares in block deals on March 28, 2025. It acquired 385,774 shares of HAL at ₹4176.25 each, while also buying 6,007,412 shares of Zomato at ₹199.50 each, both from the Kadensa Master Fund. HAL's stock has surged over 35% in the past month, bolstered by positive earnings outlooks and new contracts with the Ministry of Defence.
BYD is set to invest $10 billion in its first electric vehicle factory in India, located near Hyderabad, after acquiring 500 acres of land. The facility will produce 600,000 EVs annually by 2032 and include a battery unit with a capacity of 20 GWh per year, reflecting India's growing attractiveness to global EV manufacturers.
S Krishnan, the secretary of MeitY, has advised stakeholders to "wait and watch" regarding the $3 billion electronics Production-Linked Incentive (PLI) scheme. This statement reflects a cautious approach as the initiative unfolds, emphasizing the need for patience in assessing its impact.
The electronics sector is set to experience significant job growth due to the new Production-Linked Incentive (PLI) scheme, as highlighted by Ashwini Vaishnaw. This initiative aims to bolster employment opportunities and enhance the industry's overall development.
Paytm has divested a 12.75% stake in Jugnoo for INR 3 crore. This move reflects Paytm's ongoing strategy to streamline its investments and focus on core business areas. The transaction highlights the evolving landscape of investments in the Indian startup ecosystem.
The Electronics PLI scheme has received strong support, marking a significant step towards achieving a $500 billion mission. This initiative aims to bolster the electronics manufacturing sector, driving growth and innovation in the industry.
BluSmart faces new challenges as Refex has withdrawn from Gensol's plan to acquire an electric vehicle fleet. This development raises concerns about the future of BluSmart's operations and its position in the evolving EV market.
Voler Cars, a profitable and debt-free employee transportation service provider, is set to go public, emphasizing financial transparency and sustainable growth. With a scalable, asset-light model and a strong client base including Fortune 500 companies, Voler aims for 30% annual growth while expanding into new cities and enhancing technology. The company maintains a 70%+ cab occupancy rate through intelligent routing, differentiating itself from competitors by focusing exclusively on B2B services.
On March 28, Goldman Sachs acquired shares worth ₹281 crore in HAL and Zomato, purchasing 3.85 lakh and 60.07 lakh shares, respectively, at prices ranging from ₹199.5 to ₹4,176.25. The deal, valued at ₹280.96 crore, coincided with Kadensa Capital selling the same number of shares. In the broader market, domestic equity benchmarks closed lower amid investor caution over US tariffs and upcoming PCE data, with the BSE benchmark Sensex gaining over five percent in FY25 despite a volatile trading environment.
Elon Musk recently discussed his various roles and the developments in DOGE, while Vikas Parasrampuria of Voler Cars highlighted the company's asset-light model and growth strategy. Voler, a leading employee transportation service, aims for 30% YoY growth and plans to expand into new cities while maintaining a debt-free status and strong cash reserves. The company differentiates itself from competitors by focusing exclusively on B2B services, ensuring high service uptime and operational efficiency.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Goldman Sachs bullish on Hindustan Aeronautics and Zomato shares in block deals
05:08 29.03.2025
BYD to invest 10 billion dollars in first Indian electric vehicle factory
04:53 29.03.2025
MeitY official comments on three billion dollar electronics PLI scheme
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electronics sector poised for significant job growth under new pli scheme
22:26 28.03.2025
Paytm divests 12.75 percent stake in Jugnoo for three crore rupees
20:58 28.03.2025
electronics pli scheme receives approval for ambitious 500 billion dollar goal
19:46 28.03.2025
bluSmart faces challenges as Refex halts Gensol EV fleet acquisition plan
18:11 28.03.2025
Voler Cars poised for growth with transparent IPO strategy and strong financials
17:38 28.03.2025
Goldman Sachs completes block deal acquiring HAL and Zomato shares
16:59 28.03.2025
Voler Cars poised for growth with transparent IPO strategy and strong financials
15:56 28.03.2025
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