Mahindra Electric Automobile Ltd (MEAL) was established in October 2022 as a wholly-owned subsidiary.
It added 1,000 employees to its India workforce in 2022.
In Q3FY23, demand across QSR players came under pressure due to macro factors.
Analysts at IIFL Capital Services have upgraded ONGC’s and OIL’s FY24-25 estimated EPS by 7-15% to reflect year-to-date performance; and see attractive dividend yields offering fundamental support to their stocks.
The company has said that it will refile the DRHP soon.
The company has set February 22 as the record date for paying the current fiscal year's interim dividend.
The MoU aims to leverage BEL and ADA's complementary strengths and capabilities.
China's main stock index declined by 0.68%.

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