Tata Motors: The hiving off and switch of Tata Group auto arm’s complete passenger automobile enterprise to Tata Motors Passenger Autos Ltd have come into impact from Saturday, the homegrown auto main mentioned.
NTPC: The state-run energy large is mulling buying 5 per cent fairness stake in Energy Trade of India Ltd (PXIL) that gives numerous electrical energy buying and selling choices. The PXIL is India’s first institutionally promoted energy alternate, which has been offering numerous electrical energy buying and selling options and connecting patrons as effectively sellers since 2008.
Maruti Suzuki India: The nation’s largest carmaker reported a 4 per cent fall within the whole wholesales to 1,53,149 items in December 2021. The corporate had offered 1,60,226 items in December 2020.
Hero MotoCorp: The 2-wheeler market chief reported a 12 per cent decline in whole gross sales at 3,94,773 items in December 2021. The corporate had offered 4,47,335 items in the identical month in 2020, Hero MotoCorp mentioned.
& Mahindra: The homegrown auto main reported reported an 11 per cent enhance in whole gross sales at 39,157 items in December 2021. The corporate had offered 35,187 items in December 2020, M&M mentioned.
Coal India: The state-owned coal participant reported a 3.3 per cent rise in coal manufacturing to 60.2 million tonnes (MT) in December. Coal India Ltd (CIL) had produced 58.3 MT of coal within the corresponding month of the earlier fiscal.
NMDC: The state-owned iron ore participant mentioned its iron ore manufacturing surged about 30 per cent to twenty-eight.32 million tonnes (MT) in April-December 2021. The corporate’s iron ore output was 21.83 MT in the identical interval final fiscal.
TVS Motor Firm: The Chennai-based two-wheeler participant mentioned reported an 8 per cent decline in whole gross sales to 2,50,933 items in December 2021. The corporate had offered a complete of two,72,084 items in the identical month of 2020, it mentioned.
Greaves Cotton: The e-mobility arm of the corporate, Greaves Electrical Mobility, mentioned it offered over 10,000 items in December 2021, with the e-three-wheelers clocking a 101 per cent development in gross sales a 12 months in the past. Greaves Electrical Mobility strengthens its place as a market chief in each E-2W and E-3W segments.
Natco Pharma: The drug maker mentioned its wholly-owned arm Natco Pharma Inc has accomplished the $18 million acquisition of Sprint Prescribed drugs LLC. Sprint is a front-end pharmaceutical gross sales, advertising and marketing and distribution entity within the US.
Insurance coverage has accomplished the acquisition of Exide Life by allotting over 8.7 crore shares of the corporate to , the insurer mentioned. Exide Life grew to become a wholly-owned subsidiary of the corporate with quick impact — from January 1, 2022, it mentioned.
Airways Shares: Halting a declining development of final month, jet gasoline or ATF worth has been hiked by 2.75 per cent on firming worldwide oil costs, whereas cooking fuel LPG charge has seen the primary decline since October. It will affect
DCM: The corporate knowledgeable that it has defaulted over the cost of curiosity and compensation of principal quantity on loans taken from banks and monetary establishments. It has defaulted on time period loans from State Financial institution of India, ICICI Financial institution and HDFC Financial institution.
SJVN: The State-owned energy participant mentioned it has dispatched a turbine generator for the primary unit of the 1320-MW Buxar Thermal Energy Plant. SJVN Thermal Pvt Ltd (STPL), a wholly-owned subsidiary of SJVN Ltd, is implementing (2X660) 1,320-MW Buxar Thermal Energy Plant in Bihar.
Future Retail: The longer term group participant mentioned it has missed the due date for cost of Rs 3,494.56 crore to banks and lenders because it couldn’t promote belongings because of its ongoing litigation with amazon, impacting its monetization plans.
Ujjivan Small Finance Financial institution: Prospects of the non-public lender can now earn as a lot as 6.75-7.50 per cent curiosity on their fastened deposits of as much as Rs 2 crore, because the lender has elevated the deposit charges with impact from Friday, in response to an announcement.