Market Highlights

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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

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February 17, 2022

• · Tata Motors: Jaguar Land Rover has formed a multi-year strategic partnership with Nvidia to jointly develop and deliver next-generation automated driving systems plus AI-enabled services. – Positive
• · Vodafone Idea - successfully demonstrates 5G Voice over NR capability during 5G trials in Gandhinagar, Gujarat, trial in partnership with Nokia which has deployed its 5G Core and 5G Radio solutions for Vodafone - positive.
• · Vedavaag Systems entered into MoU through its 100% owned subsidiary, Vedavag Common Service Centres Private Limited, with Axelia Solutions Private Limited, a company operating online market place, mobile application and website called “PHARMEASY”.- Positive
• · Tilaknagar Industries has commenced production of brands of French multinational Pernod Ricard India PVT at its Shrirampur bottling facility in Maharashtra, pursuant to the long term manufacturing agreement entered into with them- Positive
• · NIIT Ltd. announces initiatives to strengthen the future ready talent pool in India - positive
• · Govt considering resuming regular international flights by March-April – positive for airlines stocks – IndiGo and SpiceJet
• · Infosys named foundation partner with Google cloud cortx launch - positive
• · TCS partners Matrix for subscription management platform. TCS and Nettur Technical Training Foundation (NTTF), a premier technical and vocational education and training institute - positive
• · Parsvnath Developers in MoU with SJP Hotels & Resorts for its residential project 'Parsvnath Palacia' – positive
• · Emami sets up new subsidiary in Dubai for business purposes – positive
• · Lakshmi Machine Works incorporates wholly-owned subsidiary in UAE – positive
• · CRISIL upgrades 'AA-/Stable' rating on Hatsun Agro Products' long-term bank facilities – positive
• · Wheels India - CRA has downgraded its long-term rating for bank lines of Wheels India Limited to ‘ICRA A-‘, from ‘ICRA A’ earlier while keeping the outlook stable – Avoid
• · Cyient Launches Private 5G Center of Excellence - Signs MoU with IIT Hyderabad for Research Collaboration – positive
• · GHCL approves additional Rs83cr capital budget for spinning division - positive
• · Dynamix group - Real-Estate developer aims to launch close to 1.1 mn sq. ft of projects in 2022, in addition to its ongoing works of 2.2 million sq. ft in Thane and Mumbai - positive
• · BSL Ltd - India Ratings and Research (Ind-Ra) has assigned BSL Limited (BSL) a Long-Term Issuer Rating of 'IND BBB'. The Outlook is Stable.- positive
• · Indoco forms unit in UK for pharmaceutical formulation sales - positive
• · GAIL India Ltd plans to lay a pipeline to Srinagar to take the environmentally friendly natural gas to the Kashmir Valley as it doubles down on efforts to expand infrastructure to helm the government vision of a gas-based economy.- positive
• · Innovator Facade Systems wins Rs70cr order from Lodha group - positive
• · Savita Oil Technologies Q3 net sales of Rs738.35 (up 38% YoY), Net profit Rs56.53cr (down 30.3% YoY) and Ebitda Rs81cr (down 30.5% YoY)
• · Pancea Biotech Q3 net sales of Rs156 (up 10% YoY), Net loss Rs49.20cr vs loss Rs40cr (YoY) and Ebitda Rs13.52cr (down 21% YoY)