offer a guided and customised debt management solution for its loan and credit card customers. – Positive
KRBL Ltd receives directions from Punjab PCB to restrain operations at Dhuri unit – Positive
NMDC: Offer for sale by government was subscribed 2.13 times of base size at a clearing price above the floor price by non-retail investors.- We are positive on the stock
Mahindra & Mahindra: To acquire up to 31.2% in ReNew Sunlight Energy (58mw). The company plans to acquire up to 1.61 crore shares in RSEPL, in one or more tranches, for Rs 16.07 crore – Positive but small acquisition.
Coffee Day Enterprises: Defaulted on payment of interest/repayment of principal amount on loans from banks and unlisted debt securities worth Rs 280.54 crore – Avoid
Mastek: Appointed Hiral Chandrana as Global Chief Executive Officer of Mastek Group, with effect from July 6. – Positive
Gillette India: Appointed Gautam Kamath as Chief Financial Officer and Additional (Executive) Director of the company effective August 1.- Positive
Tata JLR (ADR declined 12%) expects chip supply shortages in the second quarter ending Sept. 30 to be greater than in the first quarter, resulting in wholesale volumes about 50% lower than planned. Tata JLR expects an operating cash outflow of about GBP1 billion with a negative EBIT margin in the second quarter. – It has declined 10% yesterday after the news while we are long term positive.
Tata Steel aims to have 73% of its global capacity to be based in India by 2030, compared with just over a half of the 34m tons capacity in 2020, according to an investor presentation. India capital expenditure is estimated at Rs10000cr – Rs12000cr annually on average over next 5 years, excluding potential acquisitions – Positive.
Goldiam International board to consider buyback plan on July 21 – Positive
TVS Motor Company announced the launch of TVS NTORQ 125 Race XP on Tuesday – Positive
Tanla Platforms-led Karix Mobile introduces WhatsApp Business API solution to Panasonic – Positive
Tilaknagar Industries stock ends 14% up after entering into a settlement agreement with DCB Bank for subsidiary - Positive
The Russian Direct Investment Fund (RDIF, Russia's sovereign wealth fund), and Morepen Labs, one of the leading manufacturers of pharmaceutical products in India - Positive
Bajaj Finance reported Assets Under Management of about Rs1.59 trillion as on June 30, compared with 1.38 trillion a year earlier, Deposit book in 1Q grew about Rs22 billion; stood at about Rs280b as of June 30, Bajaj finance acquired 1.9 million new customers in 1Q and Capital adequacy ratio at 28.6% as of June 30; customer franchise at 50.5 million – Positive
Ashok Leyland said that the overall market demand in July is better than in June. Consequently, the company's plants will be working for more number of days in July compared to May and June, ranging from 6 to 25 days across various locations.- Positive
Power equipment and engineering company ABB India Ltd has appointed Kiran Dutt as president of its electrification business. - Positive
NMDC – Chhattisgarh letter of intent Baildila mine - Positive
TCS has entered into a strategic partnership with India's premier OTT streaming platform, SonyLIV, to help create an innovative business model enabled by digital technologies, enhance customer experience, and pave the path to future growth. – Positive
Sumitomo Mitsui Financial Group Inc. is nearing an agreement to buy a majority stake in Fullerton India Credit Co. for about 220 billion yen ($2 billion), people familiar with the matter said, in what would be the first entry into the South Asian country’s retail financial business by a Japanese bank. – Positive for Summitomo Chemical India
Route Mobile Limited had earlier entered into a Business Transfer Agreement on July 1, 2021 with Sarv Webs Private Limited, Rajasthan, India for acquisition of primarily intellectual propertyand its associated identified customer contracts, on a slump sale basis, subject to fulfilment of terms and condition of the BTA. – Positive
By: via @AlliesFin Serve Stock Market
