Everything you need to know to start trading on October 11
Trusted industries: Reliance New Energy Solar, a subsidiary of the company, acquired REC Solar Holdings AS from China National Bluestar Co for an enterprise value of $ 771 million. REC Solar is one of the world’s leading manufacturers of solar cells, panels and polysilicon.
Tata Engines: Retail sales of Jaguar Land Rover Q2 FY22 continued to be constrained by the impact of the global semiconductor shortage on production, with wholesale sales for the period in line with July forecasts. Retail sales fell 18.4% year-on-year to 92,710 vehicles versus 1,13,569 vehicles. Wholesale sales totaled 64,032 units (excluding JV China), down 12.8% year-on-year.
Tata Group actions: Tata Sons emerged as Air India’s winning bidder. He made an offer of Rs 18,000 crore. The reserve price was Rs 12,906 crore. The Tata Group will obtain 100% of the capital of Air India, including its wholly-owned subsidiary Air India Express, and 50% of the ground handling unit Air India SATS Airports Services Pvt.
Maruti Suzuki India: Total production in September down 51.06% to 81,278 units against 1,66,086 units last year.
GOCL Company: IDL Explosives, a subsidiary of the company, has placed an order for Rs 592.45 crore from Coal India, for the supply of bulk explosives, to be supplied over a period of 2 years.
Cadila Health: Fortress Biotech partner company Cyprium Therapeutics, with support from its licensing partner Sentynl Therapeutics, announced positive results from an integrated data safety and efficacy analysis from two completed pivotal studies in patients with Menkes disease treated with CUTX-101, copper histidine.
Jubilant Ingrevia: To acquire a 26.60% stake in AMP Energy Green Fifteen for Rs 5.11 crore. The acquisition is expected to be finalized in six months. The company took a stake in AMP to set up a solar power plant with a capacity of 15.5 MW under captive regime.
Port of Gujarat Pipavav: Container volume in the second quarter down 6.54% year on year to 157 TEUs against 168 TEUs. Dry bulk volume up 52.74% to 1.39 MT against 0.91 MT.
Small Equitas Financial Bank: Provisional CASA T2 ratio FY22 at 45% compared to 40% in Q1. Total deposits up 6% to Rs 18,094 crore Vs Rs 17,095 crore. Gross advances at Rs 18,981 crore Vs Rs 17,837 crore.
Adani Total Gas: The company has entered the compressed biogas sector. He signed a definitive agreement with Shri Mataji Gauvansh Seva Sansthan to collaborate exclusively on the establishment of a bioconversion plant with a nominal capacity of approximately 350 tons per day of food processing in Mathura, Uttar Pradesh. , based on livestock manure as primary biomass. as well as other biomass, including napier grass, press mud, etc.
TCS: The Board of Directors approved the reappointment of Rajesh Gopinathan as CEO and Chief Executive Officer for a five-year term effective February 21, 2022.
RITES: The company has appointed Rahul Mithal as chairman and managing director.
Gland Pharma: The company has received interim approval from the US FDA for injection of Sugammadex. The injection is used to reverse the effects of the muscle relaxants Rocuronium Bromide and Vecuronium Bromide given to patients during surgery.
Bank of Maharashtra: The bank reduced the borrowing rate on the marginal cost of funds by 0.10% across all maturities. The loan rate linked to the pension rate was revised from 6.90% to 6.80% on October 11.
Earnings: Delta Corp, HFCL, Krsnaa Diagnostics, Ramkrishna Forgings, Saregama India, Tata Metaliks, Tinplate Company of India.