Weekly Flashback: Top News That You Might Have Missed

Published : 1 September 2023

By : Sachin Gupta

On August 31, HCLTech completed the acquisition of ASAP Group, a German provider of engineering services for the automobile industry.

Electrics/electronics, software, consulting, service testing and validation, and vehicle development are all part of ASAP's service offering.

Maruti Suzuki India declared at its annual general meeting (AGM) on August 29 that it intends to increase its production capacity to 4 million units over the following eight years.

In order to reach a cumulative production of 4 million automobiles by the fiscal year 2030–31, Maruti aims to rely on its current financial reserves of Rs 45,000 crore, the firm said at its AGM.

To achieve its 2040 net zero target, BPCL plans to invest $18.16 billion over five years in its oil business as well as expanding its portfolio of renewable energy sources.

In order to preserve the environment for future generations while also creating long-term value for our stakeholders, the company has set a planned capital spend of approximately 1.5 trillion rupees ($18.16 billion) over the next five years.