2023-03-22 05:31:01
Top 10 stocks to watch today
Mahindra & Mahindra: Mahindra & Mahindra Ltd is in advanced talks with global investors to raise $1-1.3 billion by selling shares in its electric vehicles (EV) unit, people familiar with the development said, adding the move is aimed at accelerating the expansion plans of its newly formed subsidiary, EV Co.
Life Insurance Corporation: Life Insurance Corporation of India (LIC), the country’s top institutional investor with more than ₹44 trillion worth of assets, plans to invest in green bonds and interest rate derivatives. “Going forward, we feel that yes, we should also subscribe to green bonds.
Hindustan Zinc: Hindustan Zinc Ltd., owned by billionaire Anil Agarwal, has announced its fourth interim dividend of ₹26 per share, amounting to a total payout of ₹10,985.83 crore. According to an exchange filing, the record date for the payment of the dividend is March 29, 2023, as previously communicated.
Tata Motors: Tata Motors is set to increase the prices of its commercial vehicles by 5% with effect from April 1, 2023. The reason behind increasing CV prices is to comply with the more stringent BS6 phase II emission norms. That being said, the price hike will apply to the entire range of Tata Motors CV.
J Kumar Infraprojects: J. Kumar Infraprojects on Tuesday said its joint venture has won a contract from Bangalore Metro Rail Corporation Limited (BMRCL) for a project worth ₹182.34 crore. he company, in a statement, said it holds a 55% stake in the JV, J. Kumar - AICPL. "We are in receipt of LoA from BMRCL for the construction of airport depot for BMRCL - phase - 2B for a total contract cost of ₹182,33,99,706 exclusive of GST.
Power Finance Corporation: The board of the Power Finance Corporation (PFC) gave its approval on Tuesday to the raising of funds from both domestic and foreign currency borrowings, including bonds, term loans, and commercial paper, for the fiscal year 2023–24 (FY24). The proposal to borrow up to ₹80,000 crore in the forthcoming fiscal year 2023–2024, excluding funds earned from extra-budgetary resources (EBR), has been accepted by the board.
Tata Power: Tata Power Renewable Energy Ltd (TPREL) on Tuesday said it has received a letter of award from MSEDCL to set up a 200 MW solar project in Solapur, Maharashtra. The letter of award has been received from the Maharashtra State Electricity Distribution Company Limited (MSEDCL). The project will be commissioned within 18 months from the PPA execution date. The project was awarded through competitive bidding, followed by a reverse e-auction, TPREL said in a statement.
Devyani International: Dunearn Investments Mauritius Pte on Tuesday divested a 2.8% stake in restaurant operator Devyani International for ₹499 crore through an open market transaction. Dunearn Investments is a wholly-owned subsidiary of Singapore's sovereign wealth fund Temasek Holdings while Devyani International is the largest franchisee of Yum Brands in India.
Blue Star: Cooling products maker Blue Star on Tuesday said it has bagged four orders worth ₹575 crore which marks its entry into the railway electrification space. The company has secured orders from West Central Railway, Central Organization for Railway Electrification (CORE) and Metro Railway, Kolkata, said Blue Star in a statement.
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