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Power stocks were trading in the positive zone, with the S&P BSE Power index rising 9.82 points or 0.41% at 2408.96 at 09:49 IST. Among the components of the S&P BSE Power index, Adani Transmission Ltd (up 5%), ABB India Ltd (up 0.64%),Thermax Ltd (up 0.62%),NHPC Ltd (up 0.42%),Adani Power Ltd (up 0.28%), were the top gainers. Among the other gainers were NTPC Ltd (up 0.15%), and Power Grid Corporation of India Ltd (up 0.05%). On the other hand, Bharat Heavy Electricals Ltd (down 1.29%), Tata Power Company Ltd (down 1.15%), and Siemens Ltd (down 0.29%) moved lower.
At 09:49 IST, the S&P BSE Sensex was down 214.47 or 0.44% at 48329.59.
After fluctuating between gains and losses on Friday, the Indian benchmark indices were trading in red at noon. At 12;50 pm, the S&P BSE Sensex was trading 38.11 points or 0.08% lower at 49,708.10 and Nifty 50 was trading with a decline of 14.95 points or 0.1% at 14,858.85. Meanwhile, certain stocks were in action in either direction based on reports linked to them.
Here is a list of few such stocks:
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SREI Infrastructure Finance Limited: Zooms 19.66%. Shares of Srei Infrastructure Finance Limited, on Friday, was trading around 20% higher at Rs 7 on the NSE after its subsidiary Srei Equipment Finance Limited (SEFL) said it has received an expression of interest for up to $250 million capital infusion in the company from international private equity (PE) funds, US-based Arena Investors LP and Singapore s Makara Capital Partners.
April 08, 2021
Dheeraj Hinduja, Chairman, Switch Mobility - Businessline× Switch Mobility Automotive Ltd, Ashok Leyland’s electric vehicle arm, has joined hands with global engineering major Siemens for addressing the e-mobility market in India.
Both have signed an agreement towards building a co-operative technological partnership in electric commercial mobility segment and execute e-Mobility projects in India, according to a statement.
As part of the agreement, Siemens Financial Services (SFS), the financing arm of Siemens AG, will consider a minority investment in OHM Global Mobility Private Ltd., the eMaas platform company to be formed as a subsidiary of Switch Mobility Automotive Ltd. The pact is aimed at delivering efficient, cost-effective and sustainable E-Mobility solutions to various commercial vehicle customers in India.
Switch Mobility, Siemens partner for green mobility in India ANI | Updated: Apr 08, 2021 18:00 IST
Chennai (Tamil Nadu) [India], April 8 (ANI): Switch Mobility Automotive Ltd on Thursday joined hands with Siemens Ltd to address the potential of e-mobility market in India, driven by a strong commitment to support zero-emission mobility through low total cost of ownership.
Switch Mobility is forged from EV capabilities of Ashok Leyland and Optare, the British bus company with over a century of expertise in using the latest technologies in bus design.
Switch and Siemens will work towards building a cooperative partnership in electric mobility segment and execute efficient, cost-effective and sustainable e-mobility solutions to various commercial vehicle customers in India.