Tata Motors Share Price: Stocks in the News: NTPC, Tata Steel, HDFC, Tata Motors, CEAT and Telecom Operators
NTPC: Damodar Valley Corporation (DVC) has signed a joint venture agreement with
Renewable Energy Ltd, a wholly owned subsidiary of NTPC Limited, for renewable energy projects in its command area. Sources said this joint venture will execute GW-sized projects.
Tata Steel: The steel major said it would acquire ferrous alloy producing assets from Odisha-based Stork Ferro and Mineral Industries for Rs 155 crore in an all-cash deal. In this regard, an asset transfer agreement has been signed between the two companies.
Axis Bank: Major US bank Citi has joined a long list of foreign banks that have either left or reduced their business presence in India with the sale of its consumer banking business for Rs 12,325 crore.
HDFC: Market regulator Sebi has disposed of a show cause notice issued to the Housing Development & Finance Corporation (HDFC) regarding alleged breaches of stock transfer agent standards. The watchdog had carried out an inspection of .
Tata engines: The local auto major said TPG Rise Climate has subscribed for 3.75 crore of mandatory convertible preferred shares worth Rs 3,750 crore as the first tranche of the proposed Rs 7,500 crore investment in its business. electric passenger vehicles.
CEAT: The tire maker said officials from India’s Competition Commission (CCI) visited its offices for a “routine investigation” but denied any wrongdoing in the conduct of the company’s business.
Tejas networks: The Tata Group company will acquire a 64.40% stake in semiconductor company Saankhya Labs Pvt Ltd for Rs 283.94 crore in an all-cash deal. The initial acquisition of Saankhya shares is expected to be completed within the next 90 days.
Telecom stocks: The telecom subscriber base in the country fell to 116.94 crore in January this year, mainly due to the loss of a whopping 93.22 lakh mobile phone users by the biggest telecom player .
Jio, the latest data published by TRAI. was the only net gainer with the addition of 7.14 lakh users of its mobile services.
Godrej Properties: The real estate company said it had acquired a 9-acre plot of land in Pune to develop a housing project with an estimated income of Rs 1,400 crore. The project located at Pimpri-Chinchwad in Pune will have a developable potential of around 1.7 million square feet of salable area, with an estimated revenue potential of around Rs 1,400 crore.
Software: The IT company plans to double its business partners over the next 18 months to increase its revenue share in growing markets. The company has a direct presence in eight markets and reaches a total of 72 countries through systems integrators and other partners.
Industries: The sustainable consumption player plans to expand into the northern, eastern and western regions of the country, as it aims to generate more than 60% of revenue in these regions over the next five to six months. coming years. These regions represent approximately 42% of the company’s activity.
Nazara Technologies: A subsidiary of gambling player Nazara Pte Ltd (Nazara Singapore) will invest $2.5 million in BITKRAFT funds. Of which $0.875 million will be invested upfront while the balance of $1.625 million will be deployed over a three-year period.
Mangalam cement: The cement company’s player promoter, Vidula Consultancy Services, has acquired 2.26 lakh shares of the company through open market transactions. With this, his stake in the company amounts to 9.92 percent.
QuessCorp: Staffing and technology services player’s board of directors has approved the transfer of the company’s digital business venture comprising Qjobs, Worq and Dash as a going concern on the basis of a sale in drop to the subsidiary of the company Billion Careers Private Limited (BCPL), for Rs 5.04 crore.