Hero MotoCorp to pump in Rs 700 cr in Hero FinCorp Ltd

26 Jan 2022 CW Team

On Monday, the nation's biggest two-wheeler maker, Hero MotoCorp, told the media that its board has permitted to pump in Rs 700 crore in Hero FinCorp Ltd (HFCL).

The investment is subject to the implementation of definitive documents and completion of specific conditions customary to dealing of this nature, the two-wheeler giant said in a regulatory filing.

A non-banking financial firm, HFCL mainly deals in financing retail and corporate customers through products comprising term loans, two-wheeler financing, bill discounting, working capital loans, loans against property, leasing, etc.

HFCL is in the process of raising Rs 2,000 crore via private placement for its business objectives. Hero MotoCorp's investment of Rs 700 crore is towards participation in this capital raise round, it said. Before the planned investment, Hero MotoCorp's shareholding in HFCL is at 41.2%. The exact shareholding of Hero MotoCorp in HFCL post the investment will be decided upon completion of capital raise round by HFCL, as per the company.

Image Source

Also read: Tata Motors expects growth momentum to continue in 2022

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..