[ad_1]
SGX’s nifty futures fell 13 points at 17,086.50 around 8:45 am, indicating a slow start to the benchmark index on Thursday.
The top stocks to track in today’s session are:
AMC: After India’s largest intermediary company Zerodha has stated that it has received principle approval to establish an AMC company, stocks of asset management companies may be noticed. read more
Jet Airways: Jet Airways will resume service by the first quarter of 2022 after being closed for more than two years amid rising economic losses. This is the first case of an airline revival due to the Indian bankruptcy process. A person involved in the airline’s business plan said the company had begun a contract with the Directorate General of Civil Aviation (DGCA), an airline regulator, to revive the operator’s license for jets that had expired. read more
NHPC: The state-owned hydropower giant seeks shareholder approval at its annual shareholders meeting on September 29, 2021 to raise the borrowing limit from Rs 10,000 to Rs 40,000. Company borrowing limit from 30,000 rupees According to AGM’s notice, 40,000 rupees is on the AGM agenda.
Hero MotoCorp: Wednesday’s largest motorcycle manufacturer in the country, Hero MotoCorp, reported that total sales in August fell 22% compared to the same month last year. The company dispatched 5,84,456 units to dealers in August 2020.
Coal India: State-owned CIL produced 42.6 million tonnes of coal in August, a 14.6% increase over the corresponding month in the previous fiscal year. Coal India produced 37.2 million tonnes of coal last August, Maharatona said in a submission to BSE.
shaft Bank: Wednesday’s RBI said it has penalized Axis Bank Limited for 25 rupees for violating certain provisions of the Know Your Customer (KYC) standard. In other news, the bank raised US $ 600 million from offshore investors by selling additional sustainable Tier 1 (AT1) bonds with a 4.1% coupon, sources said.
SPARC: The Sun Pharma Advanced Research Company (SPARC) said Wednesday that it would seek shareholder approval to raise up to Rs 1,800 in a variety of ways, including issuing shares and securities.
Mphasis: The Board of Directors has approved the appointment of Nitin Rakesh as Managing Director from October 1, 2021.
NMDC: On Tuesday, state-owned NMDC announced that iron ore production surged by more than 44% from April to August 2021 to 15.02 million tonnes (MT). The company’s iron ore production was 10.42 tonnes in the same period last year. Filing.
Ashok Leyland: Hinduja Group flagship company Ashok Leyland announced on Wednesday that Chief Operating Officer Nitinses will resign to pursue another career outside the company after 11 years of service.
NTPC: State-owned power giant NTPC said its arm, NTPC REL, received a certificate (LoA) for a 325 MW solar project in Madhya Pradesh.
Minda Corp: Auto Parts Leader Minda Corporation said it has signed a formal agreement to acquire a 26% stake in EVQPOINT solution, a startup for electric vehicle (EV) charging solutions, through its wholly owned arm, Spark Minda Green Mobility Solutions. rice field.
Mahindra Finance: Mahindra & Mahindra Financial Services (Mahindra Finance) announced on Wednesday that Raul Robello has been appointed as the new Chief Operating Officer. Mahindra Finance said in a statement that Roberto’s appointment would take place after Rajnish Agarwal moved to Mahindra Rural Housing Finance (MRHFL).
Hindustan zinc: The company has extended the planned shutdown of one of the roasters at the Chanderiya Lead Zinc Smelter in Rajasthan. This will result in the loss of production of 25,000 tonnes of zinc. The planned shutdown is aimed at repairing and overhauling many key structural components of the roaster to avoid future operational risks.
IIFL Wealth and wealth management: The company has appointed Sanjay Wadhwa as Chief Financial Officer from September 2nd. Wadhwa participated in IIFL Wealth and Asset Management from L & T Financial Services, held the position of Group Financial Controller and was responsible for all financial management functions. Group entities, including NBFC and AMC, according to the statement.
Power grid: The state-owned Power Grid Corporation of India Ltd (PGCIL) will seek the approval of shareholders raising up to Rs 6,000 through private placement of bonds or corporate bonds at its annual shareholders meeting later this month.
SBI: The State Bank of India (SBI) has raised Rs 4,000 and offered a coupon rate of 7.72% through additional Tier 1 (AT1) bonds compliant with Basel. In its announcement, the bank announced that the issue had received overwhelming response from investors who received bids in excess of Rs 10,000 for a base issue size of Rs 1,000.
Vedanta: The Board of Directors approved an interim dividend of Rs 18.50 per share for 2021-22. This is equivalent to 6,877 rupees. The record date for dividend payment is September 9. The interim dividend will be paid within the time limit stipulated by law.
IEX: Indian Energy Exchange (IEX) recorded a record high monthly transaction of 9,538 million units (MU) in August. This is 74% higher than in the same month last year.
Wipro: The company has appointed Mohammed Aleph as Country Head and Managing Director of the Middle East. Aleph will focus on Wipro’s vision for business growth, localization, brand building, and significant transformation and modernization efforts with clients in key sectors across the region, the company said.
Aditya Bill La Fashion and Retail: The company plans to raise up to 400 rupees by issuing 4,000 rupees of unsecured NCDs with a face value of 100,000 rupees each on a private placement basis after September 8.
Sham Metallics and Energy: The company’s wholly owned subsidiary Shyam SEL & Power acquired a 90% stake in Shree Venkateshwara Electrocast for Rs 22.28 on August 31st. The investment in ShreeVenkateshwara was made through a combination of equity loans and inter-company loans. ..
Indian Bank: On Wednesday, the State-owned Indian Bank said Chantilal Jain had assumed responsibility as its managing director and CEO. According to government notice, Jains have been appointed MD & CEO for three years.
Eicher Motors: Royal Enfield sales fell 9% in August 2021 from 50,144 motorcycles in August 2020 to 45,860.
Kitex clothing: A proposal submitted by Kitex Garments to invest Rs 1,000 in Telangana before the Telangana government approves the expansion plan. Government orders will be issued within a few days.
..
[ad_2]