L&T, Tata Power, Jet Airways, Biocon and other stocks that are in focus on December 3

Dec 3, 2021

By: Bhakti Makwana

Larsen & Toubro

L&T and renewable energy company ReNew announced a partnership to focus on the Green Hydrogen business in India for an investment of more than $60 billion.

Credit: BCCL

Jet Airways

BloombergQuint reported that the airline is in talks with planemakers Boeing Co and Airbus SE for an order worth $12 billion.

Credit: BCCL

Tata Power

Tata Power has reportedly collaborated with ama Stays & Trails, a unit of Indian Hotels Company, to set up EV charging stations at over 30 of its villas and heritage bungalows across 11 destinations.

Credit: BCCL

Reliance Capital

Reserve Bank of India has filed applications for initiation of corporate insolvency resolution process against Reliance Capital.

Credit: BCCL

Biocon

The pharma company’s subsidiary Biocon Pharma has received an approval of its abbreviated new drug applications (ANDA) for Mycophenolic Acid from the US drug regulator.

Credit: Meghmani-Finechem

Meghmani Finechem

Ratings agency Crisil has upgraded the rating of the company to Crisil AA-/Stable attributing steady revenue growth, healthy operating margin, good demand prospect and improving financial risk profile.

Credit: Meghmani-Finechem

ABB India

The company has sold its mechanical power transmission division to Dodge Industrial India for a consideration of ₹44.58 crore.

Credit: ABB-India

Vodafone Idea

The Economic Times reported today that the telecom operator has filed an application with the Indian government to settle its tax dispute under the retrospective law.

Credit: BCCL

IPO Watch

Second day to subscribe to Anand Rathi. Star Health Insurance has reportedly cut some shares in the offer for sale after a poor response to the IPO.

Credit: BCCL

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