Automobile Stock: Automobile companies like Maruti Suzuki, Tata Motors, Ashok Leyland, Escorts, M&M, Eicher, Hero MotoCorp, TVS Motor and Bajaj Auto will announce their monthly sales figures for September.
Analysts expect most companies to declare weak figures due to chip shortages. However, some expect Ashok Leyland and Tata Motors to announce better figures. All eyes are on Maruti Suzuki as some expect the company to announce a sharp drop of over 40 per cent in sales.
8 New F&O Stocks: NSE has added eight more stocks in futures and options (F&O) with effect from October 1. The new entrants are Abbott India, Crompton Greaves Consumer Electricals, Dalmia Bharat, Delta Corp, India Cements, JK Cement, Oberoi Realty and Persistent Systems. Shares will remain in focus.
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Dhanlaxmi Bank: Shareholders of Dhanlaxmi Bank have rejected the appointment of statutory auditors and branch auditors at the Annual General Meeting (AGM) held on September 29. Also, the shareholders have rejected the proposal to give authority to the board of directors to appoint auditors and fix remuneration. .
The shareholders approved the company’s audited financial results and passed the appointment of Gopinathan CK as director of the bank. Simultaneously, the Kerala High Court on September 29 passed an interim order directing Dhanalakshmi Bank to refrain from concluding the AGM.
Oil and gas companies: The price of natural gas from fields given to them on a nomination basis by state-owned firms such as ONGC for a six-month period beginning October 1 rose 62 per cent to $2.90 per million British thermal unit. Analysts say it will be positive. Negative for GAIL and ONGC but for gas distributors like Gujarat Gas, Indraprastha Gas and Mahanagar Gas.
L&T Technology Services Limited has announced its award-winning healthcare solution Chest RA in collaboration with global technology leader Intel Corporation. CHESTRAI, LTTS’s AI-based chest X-ray analysis system, optimized AI inferencing on third-generation Intel Xeon Scalable processors by Intel OpenVINO Toolkit and AI Analytics Toolkit, to assist radiologists in improving speed and accuracy of diagnosis Will be prompted to run the model. With Built in AI Accelerator.
Welspun Corp Ltd previously announced that the Capital Markets Authority, the regulatory authority responsible for capital markets in the Kingdom of Saudi Arabia, has approved the initial public offering of our Saudi joint venture, East Pipes Integrated Company for Industry, for an offer of 6.3 million shares. has given. represents 30 percent of its share capital.
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The shares will be disinvested by the Joint Venture Partners in proportion to their stake in EPIC. Welspun Corp Ltd currently holds 50.01 per cent stake in the joint venture through its overseas subsidiary. Post the proposed listing, its shareholding in the JV will not be less than 35 per cent and will continue to be the largest shareholder. The approval of CMA on the application will be valid for 6 months.
Inspiresys Solutions Ltd.In the past, Accel Frontline has informed the Exchanges that it has received a show cause notice from the Securities and Exchange Board of India in respect of financial misrepresentation/ manipulation of accounts of Accel Frontline Limited in respect of the financial year 2012-13. FY 2015-16. The company is analyzing the said notice and will take appropriate action as per law.
Jubilant FoodWorks: For the sharing of membership and shareholders between Jubilant Foodworks Limited, Jubilant Golden Harvest Limited and Golden Harvest QSR Limited, as of March 2018, JFL has exercised a call option to acquire 39 per cent equity stake in JGHL from Golden Harvest. Post-acquisition, JFL will hold 90 percent of JGHL’s total shareholding and Golden Harvest will hold the remaining 10 percent of JGHL’s total shareholding.
Jubilant Golden Harvest, a subsidiary of Jubilant FoodWorks, holds the franchise rights to develop and operate Domino’s Pizza restaurant in Bangladesh. Jubilant Foodworks Netherlands BV, a wholly owned subsidiary of Jubilant Foodworks, proposes to acquire 17.18 percent of common shares of DP Eurasia NV through a reverse bookbuild process from certain professional investors of DP Eurasia.
GR Infraprojects Received Letter of Award (LOA) for the new project – “Construction of Four/Six Lane Greenfield Ludhiana – Rupnagar National Highway” on Hybrid Annuity Mode. The cost of the bidding project is ₹951 crore. The completion period of the project is 730 days from the due date and the operational period is 15 years from the date of commercial operation.
Ashiana Housing Limited Has acquired a piece of 15.64 acres of land on permanent lease basis from Mahindra Lifespaces within the township of Mahindra World City in Chennai (Tamil Nadu). The company proposes to develop a senior living project on this land.
Read also: In the first instance, the net worth of more than 1,000 persons is ₹1,000 crore. Is
Sterling and Wilson Solar The first order for its waste-to-energy business has been received from a leading developer of energy assets in the UK and Europe, worth around Rs 1,500 crore. Last month, the company announced the expansion of its renewable energy offerings to include hybrid energy, energy storage and waste-to-energy solutions.
Rane Holdings Limited As per the subscription to the rights issue made by RT4U for ₹8.33 crore, it has acquired 83,35,000 equity shares in its subsidiary Rane t4u Private Limited for ₹10 each in full payment (12.72 per cent). RHL’s total equity stake in RT4U has increased to 97.46 per cent (99.33 per cent on a fully diluted basis).
RT4U The company has a subsidiary, which provides customized analytics-rich end-to-end telematics/connected mobility solutions for various transportation and asset tracking needs in India and other countries in South Asia, Middle East and Africa.
JMC Projects (India) Limited Received new orders worth ₹1,849 crore. It bagged B&F projects in India for ₹857 crore and a social housing project in Maldives for ₹992 crore. With these, the order inflow for the company reached Rs 7,959 crore.
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