January futures contract smelly 50 on the Singapore Exchange is pointing to a positive start for domestic equities on Tuesday. The contract was trading at 18,000, up 50 points or 0.28 per cent from its previous close.
Income Today: Infosys, HCL Technologies, Anand Rathi, Cyient, Den Networks and GM Breweries, among others, will announce third quarter results today.
Hindustan Unilever: The company on Wednesday said it has completed the acquisition of 51 per cent stake in Zywie Ventures for Rs 264.28 crore. On December 8 last year, HUL announced that it would acquire 51 per cent stake in Zywie Ventures, thereby foraying into the health and wellness space.
Saah Polymers: As per market buzz, the stock is likely to start on a positive note following better than expected response to the IPO. Altogether IPO was subscribed 17.5 times, and the company issued shares at Rs 65 per share.
Container Corporation of India (Concor): According to a company official, the government will invite Expression of Interest (EoI) for privatization of Concor this month. The cabinet had in November 2019 approved the strategic sale of 30.8 per cent stake along with management control of Concor.
Adani Group: The Gautam-Adani-led conglomerate plans to invest over Rs 60,000 crore in Madhya Pradesh across multiple sectors, Adani Enterprises Director Pranav Adani said at the 7th Madhya Pradesh Global Investors Summit. The sectors and projects the group plans to invest in include four-laning of NH-47, gas link project and micro-irrigation system.
IIFL Wealth Management: The company will consider stock split and issue of bonus shares in its board meeting on January 19, 2023. The company recently changed its name to 360 One.
Piramal Enterprises: The company aims to grow its assets under management (AUM) to around Rs 1 lakh crore within four years, consumer business to grow to Rs 70,000 crore from around Rs 25,000 crore at present, Piramal Capital & Housing Finance MD Jairam Sreedharan said.
Healthcare: According to rating agency ICRA, the hospital industry is expected to post occupancy levels of 62-64 per cent in FY2023 and FY24, supported by demand for elective surgeries, medical tourism and improving market share of organized players Is. The agency said the Average Revenue Per Occupied Bed (ARPOB) is likely to grow by 8-10 per cent.
RailTel Corporation of India: The company has won an order worth Rs 170.11 crore from the Government of Puducherry for Design, Development, SITC, O&M for 5 years for Integrated Command Control Center for Puducherry Smart City Area and other allied activities. The contract needs to be executed within 10 months.
L&T Finance Holdings (LTFH): The non-banking finance subsidiary of Larsen & Toubro plans to focus on growing its retail loan book after selling its mutual fund business to HSBC last year. LTFH plans to grow its retail loan portfolio to 75 per cent of its total loan book by the end of the year and substantially de-risk the wholesale book.
Greaves Cotton: Bookings for the new high-speed electric scooter Primus from Greaves Mobility, which is priced above Rs 1 lakh, opened on Wednesday. The company is an electric vehicle arm of Greaves Cotton.
TVS Motor Company: The company announced its intention to invest up to Rs 1,000 crore in Madhya Pradesh for future expansion in electric and internal combustion engine (ICE) vehicles.
Cummins India: The company will soon start production of fuel-agnostic engine systems at the Tata-Cummins plant in Maharashtra. Company officials said it will begin limited production by the end of 2023 and mass production is likely to begin by 2024.
Adani Power: Uttar Pradesh’s All Power Engineers Federation (AIPEF) on Wednesday said it will oppose any move by the government to issue power distribution licenses to private companies in Noida and Greater Noida in the state. Recently, Adani Power applied to the Electricity Regulatory Commission of Uttar Pradesh to obtain a parallel license for distribution of electricity in Noida and Greater Noida.
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