Stocks in News;
Tata Motors: Domestic passenger vehicle sales rose 18.54% in December
Stove Kraft: To foray into branded modular kitchen segment from April 2022. To also enter into electric switches & accessories segment through acquisition of SKAVA Electric Pvt. Ltd. for Rs 4 crore.
Saboo Sodium Chloro Ltd Board to consider Rights Issue
Parnax Lab Limited board approves warrants issue to promoters at Rs. 43.50
Lumax Auto Technologies Ltd amends JV agreement
NBCC (India): Won contracts worth Rs 392 crore at NHM Lucknow and University of Delhi.
Reliance Industries Ltd to raise $5 billion
Likhitha Infrastructure Limited receives orders worth Rs. 250 crores
PTC India commenced power supply to KSEB Limited under MoP Pilot Scheme-II
Axita Cotton Limited receives order from Bangladesh
Odyssey Technologies Ltd launches browser extension for digital signature
Aurobindo Pharma: Approved the transfer of vaccines business undertaking in Unit-18 to Auro Vaccines Pvt. Ltd., a wholly owned subsidiary for Rs 300 crore and transfer of equity shares of Tergene Biotech Pvt. Ltd, a subsidiary, to Auro Vaccines Pvt. Ltd. for Rs 10.76 crore
Shriram Transport Finance: To upsize the GMTN Programme from existing $3 billion to $3.5 billion for issuance of bonds/notes in international markets. Company has also received necessary in-principle approval from Singapore Exchange Securities Trading.
Puravankara Limited allots 1800 debentures worth Rs. 180 crores
Bhageria Industries Ltd commissions 9.50 MW Solar Power Projects
Punjab National Bank: Approved divestment of entire stake (20.9%) in India SME Asset Reconstruction Company Ltd.
NATCO completes acquisition of Dash Pharmaceuticals LLC
Exide Industries: Entered share purchase agreement between Cleantech India and Greenyana Solar for sale of its entire equity shareholding in Greenyana for Rs 5.24 crore.
Cyient: To hive off the software design radio division of the company to Innovation Communications Systems Ltd.
Adani Enterprises: Incorporates Adani New Industries Ltd. to take up projects around synthesis of low carbon fuels and chemicals and generation of low carbon electricity.
Surat Textile Mills Ltd to sell assets of Jolwa Manufacturing Division
CSB Bank: Slashes overnight MCLR from 7.6% to 7.5%.
RBL Bank: Confirms raising Rs 2,600 crore via certificate of deposits. Bank also released provisional data for 2021. Its total deposits rose 9.6% YoY to Rs 73,637 crore and CASA ratio stood at 34.4%.
HDFC Life Insurance Company: IRDA approves acquisition of 100% of the equity share capital of Exide Life Insurance Company.
GMR Infrastructure: Merger of GMR Power Infra into GMR Infra and the demerger of non-airport business of GMR Infra into GMR Power and Urban Infra has become effective from Dec. 31 after NCLT clearance.
KNR Constructions: Transferred its 49% stake in subsidiary company KNR Shankarampet Projects Private Ltd. to Cube Highways and Infrastructure III for Rs 108.5 crore.
Edelweiss Financial Services: Edelweiss Rural & Corporate Services, a wholly owned subsidiary has acquired 12.33% of compulsorily convertible preference shares of Allium Finance Pvt. Ltd. for Rs 11.36 crore.
NTPC: First part capacity of 49.92 MW out of 296 MW Fatehgarh Solar PV Project at Jaisalmer, Rajasthan, is declared commercially operable.
Nicco Parks & Resorts Ltd to close park operations from Jan 3, 2022 due to Government restrictions
Graphite India: ICRA reaffirmed the long-term rating at AA+ and short-term rating at Al+ on enhanced credit limit of Rs 1,400 crore for working capital facilities of the company. The outlook on the long-term rating has also been retained as stable.
United Spirits: Long-term rating upgraded to 'CRISIL AAA/Stable'; short-term rating reaffirmed; debt instruments withdrawn.
Future Retail: Company missed Rs 3,494.5 crore in payment to lenders under restructuring deal.
