M&M, Tata Motors, Tata Power, Vedanta among stock to watch out for on July 8

Jul 8, 2022

By: Bhakti Makwana

Mahindra & Mahindra

British International Investment will invest up to $250 million into a new electric passenger vehicle company to be set up by M&M.

Credit: BCCL

Tata Motors

Jaguar Land Rover reported a 37 percent decline in retail sales for the June quarter due to semiconductor shortage and COVID-19 lockdowns in China.

Credit: BCCL

Vedanta

The mining company announced acquisition of Athena Chhattisgarh Power for ₹564.7 crore that will meet power requirements for Vedanta’s aluminum business.

Credit: BCCL

Tata Power

The company announced to invest over ₹75,000 crore in renewables in the next five years.

Credit: BCCL

Dr Reddy’s Laboratories

The USFDA issued two observations for the Srikakulam unit, the unit which was inspected last month.

Credit: BCCL

Adani Ports and Special Economic Zone

The company has appointed D Muthukumaran as chief financial officer (CFO) from July 25.

Credit: Power-Grid

Shriram City Union Finance

The NBFC has received approval from equity shareholders and secured and unsecured creditors for the merger of Shriram City with Shriram Transport Finance Company.

Credit: Power-Grid

Power Grid Corporation of India

The CBI on Thursday arrested the company’s executive director, vice-president, assistant vice-president and two other people in a bribery case involving Tata Projects.

Credit: Power-Grid

Earnings

Tata Consultancy Services will report April-June quarter earnings today.

Credit: BCCL

Adani family infuses ₹6,661 crore in Ambuja Cements, increases stake to 66.7%