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Car companies will be in focus as they announce November sales figures. Analysts expect the numbers to be dull month-on-month. With the new launch, brokerage firms expect PV vehicles to remain firm. However, they expect two-wheelers (2Ws) and tractor sales to remain low. The focus will be on Maruti Suzuki, Tata Motors, Ashok Leyland, M&M, follow, Eicher Motors, Bajaj Auto, Hero of MotoCorpand TVS Motors, among others.
Adani Power on Monday said the timeline for completion of the Rs 7,017-crore deal to acquire DB Power Ltd’s thermal power assets has been extended by a month to December 31. 30. “The parties to the proposed transaction have mutually agreed to further extend the long-stop date for achieving closing/completion until December 31, 2022,” said a BSE filing.
Manali Petrochemicals Ltd,The integrated polyol producer, has ‘closed the acquisition’ of UK-based Penn Globe Ltd, the market leader in foam control agents, for an enterprise value of GBP 21 million, the city center company said on Wednesday.
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Private lender Tamilnad Mercantile Bank (TMB) on Wednesday said it has been authorized by the Reserve Bank of India to conduct government business on behalf of the banking regulator. An agreement in this connection was signed by the bank with the RBI in Mumbai to appoint TMB as an ‘agency bank’ to carry out the business of government institutions.
Wipro Lighting, an arm of Wipro Ltd, has entered into an exclusive all-India partnership with Israel-based public company Aura Air, which makes air purifiers, the company said on Wednesday. The arrangement will provide Wipro Lighting with exclusive access to all Aura Air corporate offerings for India, the company said in a statement. Apart from this, the IT services company is said to have launched Wipro Data Intelligence Suite which runs on Amazon Web Services (AWS).
Tata Consultancy Services has been selected by the Rail Delivery Group (RDG) to design, develop, implement and operate the UK’s Rail Data Marketplace (RDM). The contract between TCS and RDG is for six years, including an extension opportunity.
Dynamatic Technologies Ltd has a 15-year association with one of the world’s leading aerostructure companies, Spirit AeroSystems, and has produced a large number of flight-critical assemblies and detail parts for them. A subsidiary of Dynamatic Technologies Ltd, the company has signed a long-term contract with Spirit AeroSystems to manufacture detailed parts for Spirit’s Belfast facility in Northern Ireland.
Board of KPI Energy has recommended issuing bonus shares at the ratio of one bonus equity share against one existing equity share, subject to shareholder approval.
Shilpa Medicare Ltd dosage form manufacturing facility, Unit IV, located at Pharma SEZ, Jadcherla, Telangana, has received Health Canada GMP approval for an inspection conducted from September 12-16. This facility is involved in the manufacturing, packaging, labeling and testing of finished dosage forms (sterile injections and oral solids) for cancer treatment and adjuvant therapy. This GMP approval will enable the commercial distribution of the company’s products in Canada and enable the submission of new applications to Health Canada.
The Board of Apollo Hospitals Corporation has approved fund raising of up to ₹ 105 crore via non-convertible debentures (NCDs). The company will issue 1,050 NCDs with a face value of ₹10 lakh each.
Published on December 1, 2022
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