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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September 01, 2022

• Tata Motors: The company has bought 49% stake of Marcopolo S.A. in Tata Marcopoloy Motors for Rs 99.96 crore. Consequently, TMML will become a wholly owned subsidiary of the company.
• Tata Steel: The company has invested Rs 54 crore in its wholly owned subsidiary Tata Steel Mining.
• Infosys: The company divested its minority stake in San Francisco based Trifacta Inc for $12 million.
• Glenmark: The company along with Hikma Pharmaceuticals launched nasal spray Ryaltris for relief for both nasal and ocular symptoms of seasonal allergic rhinitis
• Aditya Birla Fashion and Retail: The company received approval from Competition Commission of India for acquisition of 7.49% stake by Caladium Investment Pte for Rs 2,195 crore.
• Ashok Leyland: Bags Mega Order For 1,400 School Buses In UAE
• ABB India: To Get 3.55b Rupees For Stake Sale In Turbocharging Industries And Services India
• JBM Auto: Bought 20.1% Stake Held By Solaris In JV JBM Solaris Electric Vehicles
• PTC India: NHPC Inks MoU With Co For Sale Of Power - Govt Statement
• Power Grid Corp: Has Been Declared As The Successful Bidder Under Tbcb To Establish Inter-State Transmission System For "System Strengthening Scheme For Eastern And North Eastern Regions" On Build, Own Operate And Transfer (Boot) Basis
• Shakti Pumps India: Received Patent For Creating Shakti Slip Start Synchronous Run Motor
• Shyam Metalics And Energy: Commissioned Additional Capacity 310,000 Tpa For Long Steel Products At Sambalpur Plant
• Zomato: Says Nitin Savara, Deputy CFO Of Company Has Tendered His Resignation
• Biocon: Says USFDA Conducted Three On-Site Inspections Of Biocon Biologics' Seven Manufacturing Facilities Issued Form 483s With 11 Observations
• India plans to dig a moat to keep crude worries from crossing
• ONGC-Indian Oil, GAIL submit bids for JBF Petro
• Car dispatches up nearly 30% in August
• Telcos, phone cos tying up for affordable 5G rollout
• Digital logistics initiative to boost services: Commerce and industry ministry
• Brands set up shop at transit hubs to cash in on commuter commerce
• Liquor shops at Delhi Airport shut from September 1
• Serum Institute signs deal with Aspen to sell vaccines in Africa
• Border talks: India flags China’s infra push in Karakoram
• Maruti Suzuki may make potential organizational changes
• ZEE-Sony merger – drop in market share to help get CCI approval
• Biocon Biologics receives observations from USFDA: Biocon
• SpiceJet CFO Sanjeev Taneja resigns amid airline's widening quarterly loss
• KP Energy to develop wind energy projects worth Rs 222 crore for Aditya Birla Group
• Inox Leisure to add 834 screens after FY23
• B2B general trade to hit $1.2 trillion by 2030 on online sales push: Redseer
• Maruti very important part of Suzuki Japan; organisational changes in offing: RC Bhargava
• Narayana Health looks at tech to make healthcare affordable for all: Vice chairperson Viren Prasad Viren Prasad Shetty
• At 13.5% Q1 GDP growth, economy noses ahead of pre-pandemic levels
• April-July fiscal deficit at Rs 3.41 lakh crore; July sees first fiscal surplus since start of pandemic
• India not desperate to get bonds added to global indices, says govt official
• US stocks risk fresh lows this year, warns top Morgan Stanley Strategist
• Tencent targets about $14.5 billion in divestments
• OPEC+ sees tighter market in 2022, risks to oil demand growth
• Gold hits six-week trough on stronger dollar, rate hike worries
• Yen falls to fresh 24-year low as US-Japan policy gap weighs
• Centre hikes windfall profit tax on exports of diesel, ATF; raises tax on local crude
• Tata Steel to implode obsolete unit at Jamshedpur coke oven facility on September 4
• DHFL bank fraud: Court grants interim bail to businessman in Rs 34,615 cr scam
• Construction sector grows at 16.8% in April-June quarter of FY2023 due to focus on infrastructure projects
• FDI equity inflows dip 6% during April-June to USD 16.59 billion: DPIIT
• Noida twin towers’ demolition: Life yet to return to complete normalcy for residents; repair work to take a week
• SpiceJet back in the red as net loss for April-June expands to Rs 789 crore
• GMR Group to divest 30% stake in PT GEMS for $420 million
• Zomato begins pilot project for intercity delivery of iconic dishes: CEO Deepinder Goyal
• Significant reduction in debt burden to Rs 1,810 crore till March 31: Coffee Day Enterprises
• Maruti's first EV will not be priced below Rs 10 lakh, says Bhargava
• Cabinet approves plans to raise procurement ceiling for tur, urad, masur; dispose of chana to states at discounted rate