Reliance, Tata Motors, Wipro, Bank Of Baroda, HAL etc

The Nifty futures contract traded on the Singapore bourse points to a negative start for domestic stocks. The contract traded at 17,473.50, down 144.5 points, or 0.82%, from the previous close.

“The domestic market barely held on to earlier gains as the Fed chairman’s confirmation of his doomsday statement fueled more concern. In this case, the upcoming US jobs data will have a significant impact on the Fed’s policy decisions at the upcoming FOMC meeting. Stronger-than-expected jobs report prompts Fed to hike interest rates by 50 bps,” said Vinod Nair, head of research at Geojit Financial Services.

Reliance Industries

Reliance Industries Group’s FMCG arm has announced the relaunch of Campa Cola along with two other flavors, nearly 23 years after the soft drink brand ceased sales in India. Reliance Industries had acquired Campa’s business early last year for Rs 22 crore. Campa is launched by Reliance Retail Ventures’ FMCG arm and wholly owned subsidiary, Reliance Consumer Products. Reliance Polyester has also completed the acquisition of polyester businesses Shubhalakshmi Polyesters and Shubhlaxmi Polytex.

Tata Motors

Tata Motors subsidiary Tata Technologies filed DRHP for IPO with Sebi on Thursday through an offer for sale (OFS) of up to 95,708,984 shares, representing about 23.60% of its paid-up share capital. .

Bank of Baroda

The lender’s board of directors approved a plan to divest up to 49% of the bank’s wholly-owned subsidiary BOB Financial Solutions. BOB Financial Service’s is a credit card division that offers both consumer and commercial credit cards and serves all customer segments with diverse needs.

Ujivan Small Finance Bank

NSE and BSE have submitted their observation letters for the merger scheme between Ujjivan Financial Services and Ujjivan Small Finance Bank. This will allow the lender to further submit its scheme to the NCLT.

Wipro

Wipro has announced that it has selected Menzies Aviation, the world’s largest aviation services company, to transform its air cargo handling services. Omkar Nisal, Managing Director, UK & Ireland, Wipro said: “Wipro is delighted to partner with Menzies Aviation, a global powerhouse in aviation services. This collaboration allows us to combine Wipro’s extensive technology capabilities with Menzies’ cargo handling and handling expertise to deliver a product that will help revolutionize the air cargo industry.

Indian Aeronautics

The board of Hindustan Aeronautics will meet today to consider and approve the interim dividend.

Zydus Lifesciences

Zydus Lifesciences has received final approval for Erythromycin Tablets from the United States Food and Drug Administration (USFDA).

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