Stocks_14thjan,(2022)

 STOCKS

       -:ASHOK LEYLAND:-

Has signed a memorandum of understanding with Aidrivers, a global specialist in artificial intelligence-enabled autonomous solutions, to develop artificial intelligence-enabled autonomous vehicles. (Informist)

 

      :-ADITYA BIRLA FASHION AND RETAIL:-

Announced a collaboration with Deutsche Gesellschaft fur Internationale Zusammenarbeit GmbH to bolster sustainable practices in the apparel and textile industry. (Mint)

 

 -:CENTRAL DEPOSITORY SERVICES INDIA:-

Wholly-owned subsidiary CDSL Ventures has received Securities and Exchange Board of India's approval to set up an agency for accreditation of eligible investors for three years.(Informist)

 

-:DR REDDY'S LABORATORIES:-

India is likely to become a bigger market than the US for the company in the next 3-4 years, said Chief Executive Officer Erez Israeli. Innovative product launches, and organic and inorganic growth opportunities are likely to lead the change, he added. (Informist)

  -:H.G. INFRA ENGINEERING:-

 Public works department of Rajasthan has cancelled the tender for development and maintenance of three state highway stretches in the state with a total of 160.63 km of roads awarded to it. (Informist)

 

 -:INDRAPRASTHA GAS:- 

Has hiked the price of piped natural gas supplied to households by 50 paise to 35.61 rupees per standard cu mtr in Delhi, with corresponding changes in some other geographical areas it serves. (Informist)

 

 -:KOTAK MAHINDRA BANK:- 

The board of directors of the bank has passed a resolution to cap the voting rights of promoters at 26%. (Informist)

 

-:NATIONAL ALUMINIUM CO:-

Has achieved yet another milestone in aluminium smelting, successfully putting into operation all the 960 pots at its existing smelter plant in Angul, Odisha. (Informist)

 

 -:NAZARA TECHNOLOGIES:- 

The board will meet on Jan 17 to consider the issuance of equity shares of the company to one or more persons on a preferential basis. (Informist)

 

               -:NTPC:- 

Delhi Electricity Regulatory Commission has asked the state government to deallocate Delhi's share of 206 MW power from the company's gas-based generating stations, given that power from these units are very expensive. Deallocation would mean stopping the procurement of power from the units. (FE)

 

    -:ROUTE MOBILE:-

Has said it has decided to enable WhatsApp banking services for BANK OF MAHARASHTRA. (Informist)

 

-:TATA CONSULTANCY SERVICES:- 

Will buy back 40 mln shares of the company at 4,500 rupees apiece through the tender route. (Informist)

 

       -:TATA MOTORS:-

Jaguar Land Rover said its retail sales in the December quarter were down 37.6% on year at 80,126 vehicles, hit by a shortage of semiconduct-ors, even as it saw some improvement in chip supply. It expects its initial estimated cash flow for Oct-Dec at 150 mln pound sterling. (Informist)

 

 -:TUBE INVESTMENTS OF INDIA:-

Will exercise an option to convert up to 90 mln warrants into an equal number of shares of CG POWER AND INDUSTRIAL SOLUTIONS, by paying the balance 75% subscription money before the end of the current financial year. (Informist)

 

 -:YES BANK:-

The bank, which is in the process of selecting a

 partner for an asset reconstruction company to warehouse a large portion of its bad loans, is seeking as much as 120 bln rupees from potential investors, sources said. (Mint)