smelly The January 50 futures contract on the Singapore Exchange pointed to a negative opening for domestic equities on Tuesday. The contract was trading at 18,196.50, down 26.5 points, down 0.15% from its previous close.
Dabur India: The proposed acquisition of 51% stake in Badshah Masala was completed on Monday. Has become a subsidiary of Badshah Spices Company.
Zomato: Gunjan Patidar, its co-founder and chief technology officer has quit. Patidar was part of the original founding team of Zomato. His ouster is the latest in a string of high-profile resignations in recent days.
Reliance Industries, ONGC: The central government late on Monday night increased the windfall tax on petroleum, crude oil and aviation turbine fuel. It raised the windfall tax on crude to Rs 2,100 ($25.38) a tonne from Rs 1,700 ($20.55) effective Tuesday.
Meanwhile, ONGC ‘Sagar Samrat’ has started oil and gas production in the Arabian Sea.
State Bank of India: The lender’s board will meet to consider and approve the raising of infrastructure bonds.
IRCTC: The Indian Rail In a statement on Monday, the Ministry of Railways said that between April and December, the revenue from the passenger segment has registered a growth of 71 per cent. The revenue during this period stood at Rs 48,913 crore, as against Rs 28,569 crore last year.
Zee Entertainment: An operational creditor files Rs 211 crore insolvency case against Zee Entertainment Media company Enterprises (G) disclosed this to the stock exchanges on Monday. The company said it would file its reply rejecting the claim on the ground that the amount claimed was already in dispute between the parties.
Maruti Suzuki: India’s largest domestic carmaker reported a 16.5 per cent decline in passenger vehicles production volumes in December 2022. Total production, including light commercial vehicles, declined by 18 percent. The company said that the shortage of electronic components had some impact on the production of vehicles during the month, although it took all possible measures to minimize the impact.
M&M Financial Services: The non-bank finance company disbursed loans worth around Rs 4,650 crore in December 2022, providing a year-on-year (YoY) growth of 67 per cent. Q3 disbursements of around Rs 14,450 crore registered a growth of 80 per cent, while YTD disbursements (Rs 35,750 crore) registered a YoY growth of 95 per cent. The collection efficiency (CE) for December 2022 was 98 per cent.
Birlasoft: Chandrasekhar Thiagarajan – Chief Financial Officer of the company, has tendered his resignation due to personal reasons, and will be relieved of his duties on February 2, 2023.
L&T: Larsen & Toubro CEO and MD, SN Subrahmanyan has warned that the world will have to brace for a challenging year in 2023 due to the latest surge in Covid-19 cases in several countries. While he appreciated the government’s proactive approach towards infrastructure, rising prices of oil, gas and other commodities, he said, concerns remain as the Russia-Ukraine war has disrupted supply chains.
PTC India: Power Trading Solutions Provider PTC India on Monday said its shareholders have approved a final dividend of Rs 5.80 per equity share for 2021-22. This final dividend is in addition to an interim dividend of Rs 2 per equity share, a company statement said.
Karnataka Bank: The lender’s total deposits grew by nearly 8 per cent to Rs 84,592.6 crore at the end of December 2022 from Rs 78,424.86 crore at the end of December 2021. Its CASA climbed 9.9 per cent YoY, while gross advances climbed 12.3 per cent YoY to Rs. 63,658.59 crores.
Safari Industries: Safari Manufacturing Limited, a wholly owned subsidiary of the Company, successfully commenced manufacturing of its additional commercial product/ accessories at its factory at Halol, Gujarat on Monday.
Consumer durables: Prices of refrigerators are likely to increase by up to 5 per cent as the revised norms of Bureau of Energy Efficiency (BEE) come into effect from January 1 this year.
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