ROLTA
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Recent events
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Corporate Actions
Tesla plans to source parts worth $1.7-$1.9 bln from India -minister
NEW DELHI, Sept 13 (Reuters) - Electric vehicle maker Tesla Inc TSLA.O plans to source components worth $1.7-$1.9 billion from India and has already sourced parts worth $1 billion, India's trade minister said at an auto conference on Wednesday.
(Reporting by Aditi Shah; editing by Jason Neely)
NEW DELHI, Sept 13 (Reuters) - Electric vehicle maker Tesla Inc TSLA.O plans to source components worth $1.7-$1.9 billion from India and has already sourced parts worth $1 billion, India's trade minister said at an auto conference on Wednesday.
(Reporting by Aditi Shah; editing by Jason Neely)
EXCLUSIVE-BYD seeks nod for $1 bln plan to build EVs, batteries in India - sources
By Sarita Chaganti Singh and Aditi Shah
NEW DELHI, July 14 (Reuters) - China's BYD Co 002594.SZ has submitted a $1 billion investment proposal to build electric vehicles and batteries in India in partnership with a local company, three people with direct knowledge of the plan told Reuters.
BYD and privately held Hyderabad-based Megha Engineering and Infrastructures have submitted a proposal to Indian regulators to form an EV joint venture, the people said, asking not to be named because the application is private.
The longer-term plan is to build a full line-up of BYD-brand EVs in India from hatchbacks to luxury models, one of the three people said.
BYD, the world's largest producer of EVs and plug-in hybrid vehicles, did not immediately respond to a request for comment. The company previously said it planned to set up manufacturing in India, now the world's third-largest car market.
India's commerce and heavy industries ministries did not immediately reply to a request for comment.
BYD's push into India is part of its rapid global expansion to challenge Tesla TSLA.O, which still leads in sales of EVs alone. If the India investment is approved, it would give BYD a presence in all major global car markets with the exception of the United States.
(Reporting by Sarita Chaganti Singh and Aditi Shah in New Delhi; Additional reporting by Zoey Zhang in Shanghai and Shivangi Acharya in New Delhi; Editing by Kevin Krolicki and Jacqueline Wong)
(([email protected]; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: twitter: @aditishahsays))
By Sarita Chaganti Singh and Aditi Shah
NEW DELHI, July 14 (Reuters) - China's BYD Co 002594.SZ has submitted a $1 billion investment proposal to build electric vehicles and batteries in India in partnership with a local company, three people with direct knowledge of the plan told Reuters.
BYD and privately held Hyderabad-based Megha Engineering and Infrastructures have submitted a proposal to Indian regulators to form an EV joint venture, the people said, asking not to be named because the application is private.
The longer-term plan is to build a full line-up of BYD-brand EVs in India from hatchbacks to luxury models, one of the three people said.
BYD, the world's largest producer of EVs and plug-in hybrid vehicles, did not immediately respond to a request for comment. The company previously said it planned to set up manufacturing in India, now the world's third-largest car market.
India's commerce and heavy industries ministries did not immediately reply to a request for comment.
BYD's push into India is part of its rapid global expansion to challenge Tesla TSLA.O, which still leads in sales of EVs alone. If the India investment is approved, it would give BYD a presence in all major global car markets with the exception of the United States.
(Reporting by Sarita Chaganti Singh and Aditi Shah in New Delhi; Additional reporting by Zoey Zhang in Shanghai and Shivangi Acharya in New Delhi; Editing by Kevin Krolicki and Jacqueline Wong)
(([email protected]; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: twitter: @aditishahsays))
Varanium Cloud To Consider MoU For Acquisition Of Secured Debt Held By Rolta Private Ltd In Rolta India
July 11 (Reuters) - Rolta India Ltd ROLT.NS:
TO CONSIDER MOU FOR ACQUISITION OF SECURED DEBT HELD BY ROLTA PRIVATE LTD IN ROLTA INDIA
Source text for Eikon: ID:nNSE1Mppw1
Further company coverage: ROLT.NS
(([email protected];))
July 11 (Reuters) - Rolta India Ltd ROLT.NS:
TO CONSIDER MOU FOR ACQUISITION OF SECURED DEBT HELD BY ROLTA PRIVATE LTD IN ROLTA INDIA
Source text for Eikon: ID:nNSE1Mppw1
Further company coverage: ROLT.NS
(([email protected];))
Google seeks suppliers to move Pixel production to India - ET Now, citing agencies
NEW DELHI, June 20 (Reuters) - Google is looking at suppliers to move some of its production of its Pixel smartphone to India, television channel ET Now reported on Tuesday, citing agencies.
(Reporting by Tanvi Mehta, Editing by Louise Heavens)
NEW DELHI, June 20 (Reuters) - Google is looking at suppliers to move some of its production of its Pixel smartphone to India, television channel ET Now reported on Tuesday, citing agencies.
(Reporting by Tanvi Mehta, Editing by Louise Heavens)
US to remove obstacles to defence, high-tech trade with India - NSA Sullivan
Adds details
NEW DELHI, June 13 (Reuters) - The United States is set to remove obstacles that prevent smoother trade with India in critical areas such as defence and high technology, U.S. National Security Advisor Jake Sullivan said on Tuesday.
Washington sees New Delhi as a vital partner in its efforts to push back against China's expanding influence worldwide, even though the two democracies differ on how to deal with Russia's invasion of Ukraine.
Sullivan is in India to make final preparations for Indian Prime Minister Narendra Modi's June 22 state visit to Washington, a trip that is being billed as a milestone in relations between the two democracies.
"As we look ahead to the state visit Prime Minister Modi will be embarking upon in Washington next week... a number of the deliverables at the visit are not just bullet points on a page," Sullivan told a meeting of business and industry in New Delhi.
"They are fundamentally designed to remove those obstacles in defence trade, in high-tech trade, in investment in each of our countries, in taking away obstacles that have stood in the way of our scientists and researchers."
This includes areas such as research and development, 5G and 6G telecommunication technology, semiconductor supply chains, artificial intelligence, advanced computing and biotechnology, and "specifically on removing barriers to strategic trade", he added.
The collaboration between the two countries, who were once on opposite sides of the Cold War, follows a partnership launched in January to help the two countries compete against China on military equipment, semiconductors and artificial intelligence.
Last month, Reuters reported that the Biden administration is poised to sign off on a deal that would allow General Electric Co GE.N to produce jet engines powering Indian military aircraft in that country.
Sullivan met Modi and held talks with his Indian counterpart Ajit Doval on Tuesday and is scheduled to meet Doval again on Wednesday. He will also meet Indian Foreign Minister Subrahmanyam Jaishankar during the two-day visit.
A statement from the Indian Foreign Ministry said that Sullivan and Doval "encouraged stakeholders on both sides to strive for technology value-chain partnerships that would lead to co-development and co-production of high technology products and services in both countries".
During his state visit, Modi has been invited to address a joint meeting of Congress. It will be Modi's second such address, a rare honour for a leader once denied a visa to enter the United States over human rights concerns.
(Reporting by Krishn Kaushik; writing by YP Rajesh; editing by Jonathan Oatis)
Adds details
NEW DELHI, June 13 (Reuters) - The United States is set to remove obstacles that prevent smoother trade with India in critical areas such as defence and high technology, U.S. National Security Advisor Jake Sullivan said on Tuesday.
Washington sees New Delhi as a vital partner in its efforts to push back against China's expanding influence worldwide, even though the two democracies differ on how to deal with Russia's invasion of Ukraine.
Sullivan is in India to make final preparations for Indian Prime Minister Narendra Modi's June 22 state visit to Washington, a trip that is being billed as a milestone in relations between the two democracies.
"As we look ahead to the state visit Prime Minister Modi will be embarking upon in Washington next week... a number of the deliverables at the visit are not just bullet points on a page," Sullivan told a meeting of business and industry in New Delhi.
"They are fundamentally designed to remove those obstacles in defence trade, in high-tech trade, in investment in each of our countries, in taking away obstacles that have stood in the way of our scientists and researchers."
This includes areas such as research and development, 5G and 6G telecommunication technology, semiconductor supply chains, artificial intelligence, advanced computing and biotechnology, and "specifically on removing barriers to strategic trade", he added.
The collaboration between the two countries, who were once on opposite sides of the Cold War, follows a partnership launched in January to help the two countries compete against China on military equipment, semiconductors and artificial intelligence.
Last month, Reuters reported that the Biden administration is poised to sign off on a deal that would allow General Electric Co GE.N to produce jet engines powering Indian military aircraft in that country.
Sullivan met Modi and held talks with his Indian counterpart Ajit Doval on Tuesday and is scheduled to meet Doval again on Wednesday. He will also meet Indian Foreign Minister Subrahmanyam Jaishankar during the two-day visit.
A statement from the Indian Foreign Ministry said that Sullivan and Doval "encouraged stakeholders on both sides to strive for technology value-chain partnerships that would lead to co-development and co-production of high technology products and services in both countries".
During his state visit, Modi has been invited to address a joint meeting of Congress. It will be Modi's second such address, a rare honour for a leader once denied a visa to enter the United States over human rights concerns.
(Reporting by Krishn Kaushik; writing by YP Rajesh; editing by Jonathan Oatis)
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Popular questions
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What does Rolta India do?
Rolta is a prominent IT solutions provider for various sectors like Government, Defense, Utilities, Financial Services, and Healthcare. Their solutions leverage domain expertise to provide valuable business intelligence for informed decision-making.
Who are the competitors of Rolta India?
Rolta India major competitors are Kashyap Tele Medicin, Accedere, Netlink Solutions(I), LEX Nimble Solutions, Tridhya Tech, Saven Technologies, USG Tech Solutions. Market Cap of Rolta India is ₹42 Crs. While the median market cap of its peers are ₹43 Crs.
Is Rolta India financially stable compared to its competitors?
Rolta India seems to be less financially stable compared to its competitors. Altman Z score of Rolta India is 0 and is ranked 6 out of its 8 competitors.
Does Rolta India pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Rolta India latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Rolta India allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Rolta India balance sheet?
Rolta India balance sheet is weak and might have solvency issues
Is the profitablity of Rolta India improving?
No, profit is decreasing. The profit of Rolta India is -₹1,018.8 Crs for Mar 2024, -₹891.13 Crs for Mar 2023 and -₹712.57 Crs for Mar 2022
Is the debt of Rolta India increasing or decreasing?
Yes, The net debt of Rolta India is increasing. Latest net debt of Rolta India is ₹10,617 Crs as of Mar-25. This is greater than Mar-24 when it was ₹10,309 Crs.
Is Rolta India stock expensive?
There is insufficient historical data to gauge this. Latest PE of Rolta India is 0
Has the share price of Rolta India grown faster than its competition?
Rolta India has given lower returns compared to its competitors. Rolta India has grown at ~-49.39% over the last 1yrs while peers have grown at a median rate of 13.91%
Is the promoter bullish about Rolta India?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Rolta India is 2.31% and last quarter promoter holding is 2.31%.
Are mutual funds buying/selling Rolta India?
There is Insufficient data to gauge this.