The Nifty futures contract on the Singapore Exchange fell 76.5 points, or 0.41 percent, to close at 18,733.5, indicating that Dalal Street will begin Tuesday with a loss.
Tata Motors: The domestic auto giant plans to raise passenger vehicle pricing starting in the next month in order to bring its model range into compliance with the harsher pollution standards that go into effect on April 1 of next year. Additionally, the price adjustment would lessen the effects of commodity prices, which have been high for the majority of the year.
Vodafone-Idea: American Tower Corporation (ATC), a mobile tower firm, raised doubt about Vodafone Idea’s intention to pay its debts in full by the end of January. The debt-ridden Vodafone Idea’s shareholders approved issuing shares worth Rs 1,600 crore to ATC Telecom Infrastructure, the American company’s Indian subsidiary, last month.
HDFC: On 2 December, the Life Insurance Corporation of India (LIC) purchased an additional 2.14 lakh shares, or 0.012%, of the firm. As a result, LIC’s ownership of the Corporation rose from 4.991% to 5.003%.
TVS Motor Company: Promoter Srinivasan Trust sold a stake in TVS Motor Company worth Rs 262 crore. Promoter Srinivasan Trust sold all of its shares in open market transactions for a total of Rs 262.1 crore. At an average price of Rs 1,020 per share, it sold 25.69 lakh shares.
Bajaj Consumer Care: On December 9, the organisation would think about share buybacks. On December 9, the company’s board of directors will review a proposal for the buyback of equity shares.
IRB Infrastructure Developers: The business and its InvIT subsidiary IRB Infrastructure Trust reported a 39% increase in toll revenue collected in November 2022 compared to the same month the previous year for all projects. According to the company, toll revenue in November was Rs 365.95 crore as opposed to Rs 262.81 crore in November 2021.
BCL Industries: BCL Industries receives orders for the delivery of ethanol from OMCs and Reliance Industries. The company has a Rs 285 crore order for 4.9 crore litres of ethanol to be supplied to oil marketing firms. Additionally, its distillery plant received a Rs 107 crore agreement to provide Reliance Industries with 1.65 crore litres of ethanol.
Rainbow Children’s Medicare: British International Investment Plc, a UK company, has left Rainbow Children’s Medicare. The entire investment in Rainbow Children’s Medicare was sold by British International Investment Plc of the UK in open market transactions. British International Investment Plc-owned CDC India Opportunities offloaded 96.32 lakh shares at an average price of Rs. 735.55 per share and CDC Group PLC-owned CDC India Opportunities sold 50.33 lakh shares at an average price of Rs. 735 each, for a combined total of Rs. 1,078.48 crore.
Natco Pharma: In the chlorantraniliprole lawsuit, the business has secured a positive ruling. The Natco Chlorantraniliprole (CTPR) technique does not violate FMC’s Indian Patent No. 298645, according to the Delhi High Court, which dismissed an appeal brought by FMC Corporation, FMC Singapore, and FMC India.
DreamFolks Services: The leading airport service aggregator, DreamFolks Services, and Vidsur Golf have formed a strategic collaboration to give clients access to golf courses around Asia and Europe.
Go Fashion India: Sequoia Capital India sells shares of the company for Rs 228 crore. Canara Robeco Mutual Fund account Canara Robeco Small Cap Fund purchased 3.2 lakh shares of the business through open market transactions for a total of Rs 36.48 crore at an average price of Rs 1,140 per share. However, Sequoia Capital India Investments IV sold 20 lakh shares for a total of Rs 228.02 crore at an average price of Rs 1,140.14 per share.