Reliance Industries: Jio, India’s largest telecommunications division, has postponed the launch of Google’s ultra-low-cost smartphone to Diwali, probably due to the semiconductor shortage facing the industry.
Balti: S & P, an international rating agency, has maintained Bharti Airtel’s “BBB-” credit rating and has upgraded its outlook from negative to stable. This shows the company’s improved financial position and debt repayment capacity.
Infosys: IT Services Major has officially announced the Equinox suite of solutions that help businesses transform their online and store capabilities and provide B2B and B2C buyers with a personalized omni-channel commerce experience.
Vedanta: Billionaire’s Anil Agarwal flagship company is seeking a premium of at least $ 1 higher than the government-mandated price for the natural gas it plans to produce from Assam Block.
Coal India: Mining majors could raise dry fuel prices by at least 10 to 11 percent to mitigate the effects of rising costs and imminent wage revisions, according to sources close to development. The Kolkata-based company finally raised coal prices in 2018.
Tick Green Energy: Adani Group companies have listed US $ 750 million in foreign currency green bonds on India INX’s global securities market platform. According to India INX, Adani Green Energy Ltd listed its first three-year maturity US $ 750 million green bond with a 4.375% competitive coupon.
Angel Broking: Domestic brokers said they hired 4.5 Rakı customers in August, bringing their total base to 61.5 Rakı, primarily because the FinTech platform is increasingly focused on leveraging artificial intelligence and machine learning.
Bank: The state-owned lender said its board of directors had approved raising up to 6,000 rupees by issuing bonds. The decision was made by the board of directors.
Zomato: The online food delivery platform has decided to suspend grocery delivery services from September 17, mainly because gaps in order fulfillment lead to a poor customer experience, from the second segment since last year. Marked withdrawal.
BHEL: The state-owned engineering company said it played a key role in the successful implementation of ultra-high voltage direct current (UHVDC) links between the western and southern regional grids.
Davar India: Homemade Fast-moving Consumer Goods Major announced the expansion of its Hajmola gastrointestinal portfolio with the introduction of the Hajmola Lim Cola. The launch will be supported throughout the print, digital, outdoor, mobile and radio campaigns featuring Bollywood actor Ajay Devgn.
Indians Housing finance: NFBC has been approved by CCI to sell its mutual fund business to Groww for Rs 175. The sale of the investment trust business is not a central focus of the company and is intended to focus on the retail real estate asset management business.
Godrej Consumer Products: FMCG Major is considering recording double-digit growth this fiscal year as it expands across segments, according to company officials.
Granules India: Generic drug manufacturers are recalling different products in the United States, the world’s largest drug market, for a variety of reasons. According to the USFDA, the company’s US-based unit is recalling lots affected due to “deviations from current Good Manufacturing Practices (CGMP).”
escort: Agricultural and construction machinery majors are confident that tractor sales will grow by double digits, with strong first-quarter sales from 2021 to 22.
National Aluminum: The state-owned Narco is working towards operating the Utal D coal mine in Orissa in the next fiscal year. According to the National Aluminum Company Ltd (Nalco), Utkal E coal blocks in the state will then go live after all statutory approvals have been obtained.
Petronette LNG: India’s largest gas importer seeks new entry into the petrochemical business and plans to set up an LNG import facility on the east coast, aiming to regain the opportunities lost in the last decade I am.
LIC Housing Finance: NBFC said it has allocated more than 430 million rupees of preferred stock to promoter LIC over 233.55 billion rupees. According to a mortgage finance company, the company preferentially allocated 4,54,00,000 shares to Life Insurance Corporation (LIC) in India.
Shakti Pump: The pump manufacturer said it had set up and commissioned the first high-altitude solar pump project in the northeastern region of Mizoram.
Cosmo film: The packaging solution provider said it has entered the pet care business with the launch of platform ZIGLY. ZIGLY is Japan’s first technology-enabled integrated pet care platform with an experience center in New Delhi.
Arvind SmartSpaces: The real estate company raised approximately Rs. 85 rupees from HDFC Capital’s real estate fund and its promoters by issuing preferred stock.
Slay Infrastructure Finance: According to the annual report, Kolkata-based NBFC is focused on unleveraging its balance sheet and reducing book stress through portfolio collection and sale. We are in the process of raising equity capital from foreign investors.
Car stocks: According to SIAM, Indian car wholesale fell 11% year-on-year in August as a shortage of semiconductors hit the industry’s overall production process. Total wholesale wholesale for the entire category, excluding commercial vehicles, fell to 15,86,873 units last month.
News Stocks: RIL, Zomato, Infy, PNB, Vedanta, IBHousing
https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-the-news-ril-zomato-infy-pnb-vedanta-and-ib-housing/articleshow/86156230.cms News Stocks: RIL, Zomato, Infy, PNB, Vedanta, IBHousing