@ALLIESFIN
NSE INDEX PROVISIONALLY ENDS UP 0.88% OR +169.15 POINTS AT 19,422.95
MTNL's memorandum of understanding (MOU) with Bharat Sanchar Nigam Limited (BSNL) includes a framework for implementing decisions made by the Union Cabinet. The MOU aims to create synergy between the two companies' operations.
Reliance Industries' subsidiary is in talks with two U.S. investors and some sovereign wealth funds to raise funds. The company is targeting a total of $3.5 billion and has already secured a $1 billion investment from QIA. Additionally, the company is in discussions with global investors to raise $2.5 billion by September 30.
Bajaj Auto's units have received a certificate of registration from the Reserve Bank of India.
Ashiana Housing has entered into a development agreement to build a group housing project with an approximate saleable area of 11 lakh square feet.
TVS Motor Company sold 23,887 e-scooters in August, compared to 4,418 units sold the previous year. The company's total sales for August were 3,45,848 units, exceeding the estimated 3,33,250 units.
IIFL Finance denies lending any money to Byju's, despite being inadvertently referred to as a lender for 4.41 billion rupees.
Tata Steel has announced that the scheme of amalgamation of Tata Steel Mining into and with the company has become operative and effective from September 1.
Ashok Leyland's total sales in August were 15,576 units, exceeding the estimated 15,250 units.
Coal India's provisional coal offtake for August was 59 million tonnes, up 15.3% year over year. The company's provisional coal production for August was 52.3 million tonnes, up 13.2% year over year.
GeeCee Ventures has received a no-objection certificate from the RBI for the merger of its unit and the company.
Chinese firms like Alibaba and Huawei are applying for approvals related to their generative AI models, according to China's cyberspace regulator's list.
Refex Industries has approved further investment of up to 74 million rupees in its unit, Refex Green Mobility.
Kama Holdings has approved the issuance of bonus shares in a ratio of 1:4.
Mahindra Logistics and Flipkart have partnered to provide integrated line haul solutions.
Sumitomo Chemical has acquired an 85% equity stake and controlling interest in Barrix Agro Sciences Private Limited for up to 85 crore rupees.
Optiemus Infracom has received approval to enter into a joint venture agreement with Corning International Corp.
Tata Motors' total sales in August were 78,010 units, falling short of the estimated 81,400 units.
Italian GDP for Q2 was -0.4%, lower than the previous quarter's -0.3% and estimated -0.3%.
Shakti Pumps (India) has closed one of its units, Shakti Pumps (Shanghai).
The German manufacturing PMI for August remained unchanged at 39.1, in line with estimates.
Eicher Motors' total commercial vehicle sales for August were 6,476 units, exceeding the estimated 6,100 units.
Maruti Suzuki's total sales in August were 1,89,082 units, exceeding the estimated 1,84,500 units year over year.
Snowman Logistics' promoter group purchased 4 lakh shares via open market on August 31.
NMDC's production of iron ore in August was 3.41 million tonnes, up from 2.48 million tonnes year over year. The company's sales of iron ore in August were 3.54 million tonnes, up from 2.83 million tonnes year over year.
VST Tillers' total power tiller sales for August were 3,616 units, compared to 3,002 units sold the previous year. The company's total tractor sales for August were 421 units, compared to 600 units sold the previous year.
Zydus Lifesciences has received final approval from the USFDA for Erythromycin Tablets USP, which has US sales of 23 million USD.
Easy Trip Planners and Czech Tourism have collaborated to promote tourism.
Firstsource has appointed Ritesh Mohan Idnani as its new MD and CEO. Idnani was previously a director at Tech Mahindra.
Mahamaya Steel has seen an increase in its sales, from 11105.800 MT to 14284.200 MT, representing an approximate 28.62% month-over-month increase.
By: via Telegram.me/AlliesFin #StockMarket #india
