The Nifty futures contract traded on the Singapore bourse indicated a positive start for domestic stocks. The contract traded at 17,686, up 54 points or 0.31% from the previous close.
LIC
LIC’s top management held a meeting with the Adani group and the insurer is more confident about the business prospects of the conglomerate, the report said.
Dishes TV
India’s Dish TV shareholders rejected the appointment of four nominees as independent directors to the company’s board, which only reduced the power of the directors.
Bajaj Electrical
Awarded for Fabrication and Installation Services of Electricity Supply Circle Distribution Infrastructure across Districts in Bihar. The total contract value is Rs 645 crore and the project will take 30 months to complete.
HDFC Bank
Reappointed Sashidhar Jagdishan as Managing Director and CEO for another three years. Jagdishan joined HDFC Bank in 1996 and was appointed Chief Financial Officer in 2008 before being elevated to the position of MD and CEO in 2020.
CAMS
The information science and artificial intelligence company has announced that it has acquired a 55.42% stake in Think Analytics through a secondary buyout for an undisclosed amount. “As AI, Analytics and data-driven technologies become mainstream for problem solving, business transformation and growth, CAMS sees an investment in Think Analytics as a good opportunity to help CAMS reach the general market and drive innovation,” CAMS said in a regulatory filing. apply to exchanges.
Mother Samvardhana
Motherson increased its investment in its subsidiary, Technology Services, from 62.9% to 90.4%. Purchase of additional shares shall be effected by subscribing to the correct issue of MTSL at the price applicable to all existing shareholders.
Ashoka Bildon, Mahanagar Gas
Infrastructure fund Ashoka Buildcon and Morgan Stanley have entered into a stake purchase agreement with Mahanagar Gas to sell its subsidiary Unison Enviro for Rs 531 crore. Unison Enviro Private Limited is a subsidiary of Ashoka Buildcon and has received approval from the Petroleum and Natural Gas Regulatory Board to develop city gas distribution business in Ratnagiri, Latur, Osmanabad and Chitradurga and Davanagere districts. It supplies natural gas to domestic, commercial, industrial and transport sectors.
Adani Ports and SEZ, Adani Total Gas
ICRA has revised the outlook for two Adani Group companies – Adani Ports and Special Economic Zone and Adani Total Gas – from ‘stable’ to ‘negative’ due to deterioration in the group’s financial flexibility.
Technical Mahindra
Tech Mahindra said it will invest up to Rs 700 crore in the next two years in the newly created division of products and platforms.
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