· Positive for automotive safety and float glass makers - Directorate General of Trade Remedies under Department of Commerce recommended imposing anti-dumping duty on imports of clear float glass – expects positive for Asahi India and Saint Gobain Sekurit.
· ITD Cementation has received Letter of Acceptance for construction of Wharf and Approach Trestle Works from Bharat Mumbai Container Terminals Private Limited (BMCT) at Jawaharlal Nehru Port worth over Rs700 crore – positive
· AU Small Finance Bank- CRISIL Ratings has revised the rating of AU Small Finance Bank Limited's long-term debt instruments to ‘CRISIL AA/Stable’ from ‘CRISIL AA-/Positive.’ – positive
· Sterlite Technologies has signed the definitive agreement to acquire balance 25% stake in Jiangsu Sterlite Tongguang Fiber Co. Ltd. (JSTFCL). Acquisition of the remaining 25% of JSTFCL will ensure optical fiber supply security to support STL’s expanding optical fiber cable operations. – Positive
· D-Link - CRISIL Ratings has reaffirmed its ‘CRISIL A/Stable’ rating on the long-term bank facility – positive
· ABB - THINK Gas, one of India's fastest-growing city gas distribution companies, has partnered with ABB India to deliver a digital solution to maximize the efficiency, availability, and reliability of its extensive city gas network, which includes multiple remote terminals spread across multiple locations. – Positive
· TCS has launched the TCS Servitization Engine on Oracle Cloud, which will assist customers in developing subscription-first business models and providing outcome-based solutions with intelligent service capabilities. – Positive
· Manappuram Finance board gives nods to fund raising of up to Rs 770 crore via debt securities; - Long term positive
· UPL have announced a new partnership to increase productivity, profitability, and sustainability for farmers in Brazil. – positive
· Bajaj Electricals, has appointed Ravindra Singh Negi as Chief Operating Officer (COO) of its Consumer Products Business and Rajesh Naik as Head of the Lighting Business. Anuj Poddar, Executive Director of Bajaj Electricals Limited, will report to both executives. – Long term positive
· Allied Digital has received Letter of Intent for Solapur Safe City project as a sole bidder. The contract value is approx. Rs49 crore. – positive
· Aditya Birla Fashion and Retail: - When compared to the prior year's quarter, inventory levels at almost a dozen publicly traded Indian retailers increased by an average of 50% as they took precautions against pandemic-related disruptions because they anticipated higher demand following two years of subpar sales performance. - positive
· Indian Overseas Bank - Crisil raised the rating on Indian Overseas Bank's tier-2 bonds and fixed deposit program to AA- from A+ and affirmed its A1+ rating on the company's certificate of deposits program - positive
· Wonderla Holidays signing a lease pact for land to be used for developing an amusement park in Odisha state. – positive
· Power Grid to consider raising up to Rs6000cr via bonds on July 06, company to consider up to Rs5000cr loan from bank for capex – positive
· JB Chemical acquires some portfolio of Dr Reddy’s Lab brands worth Rs98.3cr – positive
· Dr. Reddy's Lab has announced about the conclusion of the patent litigation brought by Indivior Inc. and Indivior UK Ltd and Aquestive Therapeutics, Inc. relating to the Company's generic buprenorphine and naloxone sublingual film, a therapeutic equivalent generic version of Suboxone sublingual film in U.S.A – positive
· The Board of Directors of High Energy Batteries have fixed the Record Date, for the Purpose of Sub-division of existing Equity Share of face value of Rs. 10/ to 2 - (Ten) on record date on Wednesday, the 10th August, 2022.
By: via @AlliesFin Serve Stock Market
