Latest news with #SignifyInnovationsIndia
Mint
09-07-2025
- Business
- Mint
Stocks to watch: Tata Steel, Dixon Tech, Tata Motors among shares in focus today amid Trump's tariff deadline extension
Tata Steel India's crude steel output stood unchanged at 5.26 million tons in the quarter ended June 30, compared to the same period last year. The company recorded a 14% year-on-year rise in consolidated crude steel output, totaling 7.26 million tonnes in the first quarter of FY26. The bank reported a 5 per cent year-on-year increase in total business for the first quarter of FY26, rising to ₹ 22.1 lakh crore from ₹ 21.08 lakh crore during the corresponding period last year. The company has entered into a joint venture named Lightanium Technologies Pvt Ltd in collaboration with Signify Innovations India to grow its presence in the lighting sector. The company recorded a 9% year-on-year drop in global wholesales for the first quarter of FY26, with total sales amounting to 2,99,664 units. The company has appointed Saurav Adhikari and Divya Karani as non-executive, non-independent directors, following the conclusion of e-voting on Tuesday, where over 75% of shareholders voted in favor of the appointments. The government has given the green light for the company to set up a special purpose vehicle named KPIN Clean Power Four LLP. The dedicated electric vehicle company has announced the large-scale launch of its in-house developed software, MoveOS 5. This proprietary system is designed for use in both the S1 series of scooters and the newly introduced Roadster X motorcycles. The company plans to increase the galvanisation capacity of its Ranjangaon plant from 40,500 MT to 1,10,000 MT per year by FY27, with an investment of ₹ 170 crore funded through internal accruals and debt. CAMSPay has introduced the CAMSPay New Payment Gateway, capable of handling more than 5,000 transactions per second. This next-generation payment solution is built to meet the evolving needs of businesses in India, addressing key challenges in the rapidly changing payments ecosystem. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
13-06-2025
- Business
- Economic Times
Dixon Technologies shares in focus on JV with Signify to strengthen lighting business in India
Dixon Technologies (India) shares are likely to be in the spotlight on Friday, June 13, 2025, after announcing its 50-50 joint venture agreement with Signify Innovations India. ADVERTISEMENT 'Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI LODR Regulations'), we hereby inform you that, the Company has executed a joint venture agreement with Signify to enable formation of a joint venture company in India to carry on the OEM business of lighting products and accessories, and is subject to completion of customary conditions precedent ('Proposed Transaction'),' the company said in an exchange filing. The announcement signals a strategic partnership aimed at expanding the companies' presence in India's lighting products and accessories sector. Dixon Technologies, a key player in the Indian manufacturing industry, has entered into a joint venture agreement with Signify, the global leader in lighting solutions. The joint venture company will be equally owned by both entities, with each holding a 50% equity share marks a crucial development for Dixon Technologies as it embarks on becoming an original equipment manufacturer (OEM) for lighting products and accessories in proposed transaction is subject to the completion of customary conditions and is expected to be finalized by November 30, 2025. ADVERTISEMENT The formation of the joint venture is seen as a step forward in Dixon Technologies' growth strategy, as it will leverage the company's strong manufacturing capabilities along with Signify's market leadership in the lighting industry. Dixon Technologies shares closed 1.9% lower at Rs 14,505.65 on the BSE on Thursday. ADVERTISEMENT Also read: Reliance sells 3.6% Asian Paints for $900 million to SBI MF (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
