Tata Motors
UK-based Jaguar Land Rover reported sales of 78,825 units for the three-month period ended June 2022, down 37 per cent and flat compared to the previous quarter. Despite a record order book of 2 lakh units, sales continued to be hampered by global chip shortages, the run out of the former model Range Rover Sport, deliveries just to begin with, and the impact of the COVID lockdown in China.
Dr Reddy’s Labs
The US health regulator has issued Form 483 with two comments after inspecting its manufacturing facility located in Srikakulam, Andhra Pradesh. According to the USFDA, Form 483 is issued when the investigator has observed any conditions that violate the Food Drug and Cosmetic (FD&C) Act and related enactments.
Kalpataru Power Transmission
Swedish subsidiary Kalpataru Power Transmission Sweden AB (KPT Sweden) completed the acquisition of the remaining 15 percent equity stake of Linjemontage i Grastrop AB, a Swedish EPC company (LMG), headquartered in Grastrop, by paying $11.5 million. Is. LMG also has two subsidiaries.
feedback informatics
The company said the board would meet on July 14 to consider the proposal to acquire Technolia Corporation, Jersey, USA. Therefore, the trading window for transactions in securities of the Company shall remain closed during July 8-16, 2022 for all Directors of the Company, nominees of the Company and their close relatives.
zelmock design and tech
The company will invest Rs 21.5 lakh for a 43 per cent stake in Special Purpose Vehicle Experience India, proposed to be incorporated in Madhya Pradesh, which is engaged in the business of tourism with the help of technologies to be developed related to the travel and tourism sector. , The company has already got the contract from Madhya Pradesh State Tourism Development Corporation. Xelpmoc will invest around Rs 25 lakh in one or more tranches in IT firm FirstSense Technology for a 32.26 per cent stake. The transaction is expected to be completed by the end of September 2022.
pricol
The company has entered into a licensing agreement with BMS PowerSafe SAS, France to provide battery management systems to Original Equipment Manufacturers in the Indian market and international markets across all vehicle segments. BMS PowerSafe is a brand of Startec Development Group.
Vedanta
The company will acquire Athena Chhattisgarh Power which is a 1200 MW coal based power plant in Jhanjgir Champa district of Chhattisgarh and is under liquidation process. The acquisition, which is estimated to be completed in FY23, will meet the power requirement in the Vedanta aluminum business. The cost of acquisition is Rs 564.67 crore.
Vakrangi
The company has posted a profit of Rs 4.53 crore for the quarter ended June 2022, significantly lower than Rs 23.33 crore in the corresponding quarter last year, mainly due to the launch of additional franchisee incentive schemes that impacted gross margins. It said profit margins have eased and it is confident of delivering better profitability and sustainable growth in the subsequent quarters. However, revenue from operations rose sharply to Rs 226.03 crore in the first quarter of FY23 from Rs 154.02 crore in the same period last year.
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