Hindustan Motors
This automobile stock has zoomed over 100% in 11 days
Till 02:22 PM, as many as 17.07 million equity shares, representing 8.2 per cent of total equity of Hindustan Motors, had changed hands on the NSE and BSE
 "This automobile stock has zoomed over 100% in 11 days")
Steiner AG sells its construction arm to Demathieu Bard for Rs 928 cr
Steiner AG, the wholly-owned subsidiary of Hindustan Construction Company (HCC), on Friday said it has concluded the sale of its construction business subsidiary, Steiner Construction SA, to Demathieu Bard for approximately CHF 98 million (Rs 928 crore). Demathieu Bard is an international construction group headquartered in France. HCC in a statement said for 2022-23, Steiner Construction posted a turnover of CHF 347 million (Rs 3,076 crore) and was operating 30 projects. Demathieu Bard Group Managing Director Stphane Monceaux said the acquisition of Steiner Construction SA is a major milestone for the Demathieu Bard Group. "We are strengthening our international presence and consolidating our position as a benchmark company in the construction sector. Demathieu Bard makes its biggest acquisition ever with the integration of Steiner Construction SA," he said. Zurich-headquartered Steiner AG, which was founded in 1915, is a real estate service provider with a focus on project ...
 "Steiner AG sells its construction arm to Demathieu Bard for Rs 928 cr")
HM-European co JV likely to launch two-wheeler EVs by next year
With a current employee strength of around 300, Bose said people will be chosen for the new project according to suitability
 "HM-European co JV likely to launch two-wheeler EVs by next year")
Hindustan Motors to sell 'Contessa' brand to SG Corporate Mobility
The company has executed a brand transfer agreement with SG Corporate Mobility Pvt Ltd on June 16, 2022 for an undisclosed sum
 "Hindustan Motors to sell 'Contessa' brand to SG Corporate Mobility")
These two stocks have zoomed over 100% in last three weeks
Shares of Kohinoor Foods were locked in the upper circuit for the 47th day on Tuesday, having zoomed 813% during the period.
 "These two stocks have zoomed over 100% in last three weeks")
Flashback to the future
The sturdy Ambassador flourished at a time when the only other competitor was the Premier Padmini, made with Fiat technology
This automobile stock has zoomed 77% in three weeks; nears decade high
Hindustan Motors was locked at 5% upper circuit at Rs 17.35 after 11.68 million equity shares changed hands till 10:15 am
 "This automobile stock has zoomed 77% in three weeks; nears decade high")
Hindustan Motors plots a comeback; talks on for JV with European co for EVs
MoU signed, due diligence expected to start soon and conclude in 2-3 months; project will start two-wheelers and then add four-wheelers
 "Hindustan Motors plots a comeback; talks on for JV with European co for EVs")
A car called Congress
The only way forward for Congress is to create something new. Not in the image of the glorious past like the Ambassador, but a brand new product looking at the future
 "A car called Congress")
No adverse financial impact due to coronavirus pandemic: Hindustan Motors
The company had closed Uttarpara plant citing severe cash crunch due to poor sales of Ambassador cars
HM workers want Bengal to drive them out of the woods
Want action against Jessop & Dunlop units to be repeated; govt, union leaders don't seem inclined
 "HM workers want Bengal to drive them out of the woods")
600 non-VRS workers suffering due to Hind Motors' Ambassador sale: unions
And those who took VRS haven't got gratuity, despite sale of car brand for Rs 80 cr to Peugeot
 "600 non-VRS workers suffering due to Hind Motors' Ambassador sale: unions")
