Hero Electric plans expansion of network

NEW DELHI

Hero Electric on Monday announced plans to expand its sales network targeting 1,000 touch points by the end of FY22 to ride on the electric vehicle wave in the country. The company, which crossed over 700 network points across more than 500 cities in India in the second quarter of the current fiscal, said it will open 300 new sales touch points across the country. PTI

NEW DELHI

SEBI imposes fine of Rs3.5L on Fortis Healthcare

Markets regulator SEBI on Monday imposed a penalty of Rs 3.5 lakh on Fortis Healthcare Holdings for flouting norms with respect to its non-convertible debentures. The fine has been levied for violating several provisions of LODR (Listing Obligations and Disclosure Requirements) rules, SEBI said in an order. pti

NEW DELHI

Tata Power crosses 1,000 EV charging stations mark

Tata Power on Monday said it now has a network of over 1,000 electric vehicle (EV) charging stations. It provides seamless EV charging experiences for Tata Power's customers across offices, malls, hotels, retail outlets, and places of public access, enabling clean mobility. PTI

NEW DELHI

ICICI Bank shares zoom 11% after record profit

Shares of ICICI Bank on Monday jumped over 11% after the company reported its highest ever quarterly profit on standalone basis at Rs 5,511 crore in the September quarter. The stock jumped 10.80% to close at Rs 841.05 on the BSE. During the day, it zoomed 13.25% to its record high of Rs 859.70. PTI