Jun 1, 2022
By: Bhakti MakwanaShares of automakers like Maruti Suzuki, M&M, Tata Motors, TVS Motors, Ashok Leyland, among others will release their monthly sales data for May.
Credit: BCCL
The company's parent firm is reportedly selling 2.8 percent stake in Bata India through a block deal at a floor price of ₹1,750 per share. This is at a 7 percent discount to the current market price.
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The defence company has signed a contract worth ₹2,971 crore with the Ministry of Defence for supply of ASTRA MK-I Beyond Visual Range air to air missile and associated equipment to Indian Air Force and Indian Navy.
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The telecom gear maker has received an order worth ₹237.25 crore from a private telecom operator to supply optical fibre cables.
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The company’s joint venture with Bhartia has received an order from Northeast Frontier Railway for construction of single line BG tunnel for a total estimated cost of ₹560.26 crore.
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Kishore Biyani, the promoter of the debt-laden Future Group, is reportedly in talks with Reliance Industries to sell the group’s supply chain and logistics businesses.
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Metal stocks will remain in focus as investor sentiment improves after the world’s largest commodity consumer China announced easing of Covid curbs along with better factory growth.
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The company and its subsidiary Religare Finvest paid ₹10.5 crore as settlement fees to market regulator SEBI over a case on alleged financial mismanagement and diversion of funds.
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Shares of the largest certifying authority eMudhra will make its debut on exchanges today. The grey market indicates a weak listing as it suggests a discount of ₹10 from the issue price.
Credit: BCCL