(United Spirits), Cerberus Looks To Tie Up With Arcil For Yes | CENTRE FOR RETAIL INVESTORS

(United Spirits), Cerberus Looks To Tie Up With Arcil For Yes Bank Stressed Assets, Court approves SsangYong Motor's rehabilitation plan (M&M), Govt. Likely to Curb Some Rice Exports in Risk to Global Supply, NTPC to Invest $1.5B in Talcher Power Project in Eastern India.

·       IRCTC withdraws tender to monetise customer data over privacy concerns -  The Indian Railway Catering and Tourism Corporation (IRCTC), due to privacy concerns, withdrew a contentious tender for the employment of a consultant to monetise its passenger and freight customer data, officials said on August 26 - negative

·       RIL makes Rs 5.6k-cr initial offer for Metro Cash & Carry - Reliance Retail has submitted a non-binding bid of around Rs 5,600 crore to acquire Metro Cash and Carry’s India operations and assets, which are up for sale, said three industry executives aware of the development. – Long term positive.

·       ICICI Lombard launched its latest line-up of 14 new or enhanced insurance solutions, including riders/add-ons and upgrades across Health, Motor, Travel and Corporate segments. – positive

·       UltraTech Cement announced the commissioning of cement capacity of 1.3 mtpa at Dalla Cement Works, Uttar Pradesh, resulting in the Unit's capacity increasing to 1.8 mtpa. – positive

·       Andhra Paper approved a capital expenditure amounting to Rs. 400 Crores to re-build and upgrade the existing Pulp plant to improve the reliability and efficiency of the Pulp Mil – positive.

·       Tata Steel signs MoU with Punjab Government to set up a steel scrap based electric arc furnace steel plant – positive

·       Glenmark Pharma had earlier announced regarding the US FDA inspection at Glenmark's Goa (India) facility from May 12 to May 20, 2022 and issuance of Form-483 by US FDA with five observations. The Company has received a communication from the US FDA indicating the inspection classification as "Official Action Indicated" (OAI). The OAI classification implies interalia that the US FDA may withhold approval of any pending product applications or supplements filed from this facility till the outstanding observations are resolved. – Expects volatile on the stock.

·       Maruti – Even as the car market is on the cusp of a significant change in technology, Maruti Suzuki, the country's largest car maker, is betting on small cars and 'hybridisation'. "This is what we set out to do, to motorise India and give Indian consumers the affordable kind of transport," its chairman RC Bhargava told ET in an interview. – positive

·       Jindal Steel, NMDC and Vedanta focus on – Supreme court raised a production cap on iron ore mined in state of Karnataka, a move that could improve local supplies and aid miners including billionaire Anil Agarwal’s Vedanta. The Supreme Court increased the annual production limit to about 50mt from 35mn tons earlier – Positive for Jindal Steel, NMDC and Vedanta

·       NTPC approves investment for Talcher thermal power project at an estimated cost of Rs11844cr ($1.5 billion) – positive

·       M&M - A Seoul court on Friday approved SsangYong Motor Co.'s rehabilitation plan, as its creditors and other related parties accepted the plan despite their financial losses – Positive

·       Adani Enterprises Ltd.’s unit Vishvapradhan Commercial Pvt. has responded to NDTV’s founder firm saying a move to exercise warrants is not in violation of a restraint order by markets regulator SEBI.- Positive on Adani Enterprises

·       SAIL the country's largest steel producer, has selected the HPE GreenLake edge-to-cloud platform for its Bokaro Steel Plant to modernize its critical SAP environment, accelerate its digital transformation agenda and  reduce its environmental footprint – positive

·       Gensol Engineering has won contracts from Indian states of Jammu & Kashmir, Gujarat, Punjab, Rajasthan, Tamil Nadu and Telangana for building 55.8MW solar power plant– positive, stock has already run up significantly,