Supertraders Street

Maruti Suzuki India Ltd

The auto major has informed the exchanges about the company’s decision to recall 5002 Super Carry Vehicles.



ACC Ltd

The newly Adani group acquired company has appointed Vinod Bahety as the Chief Financial Officer or CFO of the company with effect from September 16.



Ambuja Cements Ltd

The board of the company, now acquired by the Adani group, has approved issuance of over 47 crore warrants each exchangeable for one fully paid-up equity share to Harmonia Trade and Investment Ltd on preferential basis. It has also called for an extraordinary general meeting with its shareholders on October 8 to seek their approval for the appointment of Gautam Adani and others on the board and a Rs 20,000 cash infusion in the company through preferential allotment of warrants.



HDFC Life Insurance Company Ltd

The company has received approval from National Company Law Tribunal for amalgamation with Exide Life Insurance Company.



Mahindra & Mahindra Ltd

The company has announced about the partial divestment of the stake held by Mahindra Holdings Ltd, a wholly-owned subsidiary of the company, in Mahindra Susten Private Ltd, wholly owned subsidiary of MHL.



Strides Pharma Science Ltd

The company has allotted approximately 1.51 lakh shares of face value of Rs 10 each to Karuna Business Solutions.



Mahindra Holidays & Resorts Ltd

The company informed that it has acquired balance equity shares of Great Rocksport Private Ltd.



SAL Steel Ltd

AIA Engineering Ltd has entered into a Supply Agreement for three years with the company for the supply of Ferro Chrome by SAL to the company on a non-exclusive basis. The company has also agreed to provide a secured Inter Corporate Deposit of Rs 125 crores to the company which will be used to repay loan / for working capital requirements.



Welspun Corp Ltd

The company has bagged an order for supply of 785 miles (1,256 KM) or 100,000 MT (approximately) of High Frequency Induction Welding (HFIW) pipes for a Carbon Capture Pipeline project in the United States.




Adani Power Ltd

The company has withdrawn its delisting offer. Additionally, Singapore-based Resurgent Power Ventures Pte Ltd, held 26 percent by the company through its subsidiary, has completed the acquisition of South East UP Power Transmission Company Ltd. SEUPPTCL has become a wholly owned subsidiary of Resurgent Power.

BANKNIFTY ANALYSIS

Buy 3rd March 38000 CE @ 640, SL- 560, TARGET- 800

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Siemens

The company has recommended a dividend of Rs 8 per equity share for the financial year ended September 2021.





Coal India

The company reportedly said that rising costs mean Coal India will be forced to hike prices of supplies in long-term deals to protect profitability.




Reliance Industries

RIL has decided to implement a Scheme of Arrangement to transfer Gasification Undertaking into a wholly-owned subsidiary. RIL plans to restructure and repurpose gasification assets.





Capri Global Capital

The company entered into a co-lending agreement with the Union Bank of India to offer MSMEs loans.






Indian Overseas and Central Bank

CNBC-TV18 learns that the government has proposed privatising Indian Overseas Bank and Central Bank.





CyberTech Systems and Software

India Rating & Research (Fitch Group) has upgraded the rating of the company from Long-Term Issuer Rating at 'BBB-/Stable/A3' to 'BBB/Stable/A3+'.





NCC

The construction major told CNBC-TV18 that it is looking at EBITDA (earnings before interest, taxes, depreciation, and amortization) margins of about 11 percent for FY22.





Tube Investments of India

ICRA has reaffirmed the long-term rating at AA+ and the short-term rating at A1+. The long-term rating has been removed from 'watch with developing implications' and 'Stable' outlook has been assigned.





Pidilite Industries

Subsidiary Madhumala Ventures has agreed to make an investment of Rs 1.56 crore in Constrobot Robotics which is engaged in the business of research, development, manufacturing and trading of robotic equipment and related software to be used in construction activities. The investment would be done through primary and secondary purchase of shares to acquire 19.51 percent of Constrobot Robotics.





Grasim Industries

Life Insurance Corporation of India sold 2.02 percent stake in the company via open market transactions. With this, the shareholding is reduced to 9.83 percent from 11.85 percent earlier.