2021-12-14 06:20:07
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BSC Exclusive Morning Market News & Update
Wipro: Announced Wipro VisionEDGE, an omni channel advertising solution, to expand its sports, retail, transportation, and entertainment offerings.
Vedanta: Company and its group entities have settled the retrospective tax dispute with the Indian government following the amendments to the income tax law.
Piramal Enterprises: Approved the amalgamation of Shrilekha Business Consultancy Pvt. Ltd. (subsidiary in which the Company holds 74.95% stake) into Shriram Capital Ltd.
Greenlam Industries: To invest Rs 950 crore over two to three years, towards setting up of a third laminate plant and foray into plywood and particle board business.
BPCL: Ties up with Bhabha Atomic Research Centre to scale-up alkaline electrolyser technology for green hydrogen production. Company added that it has plans to expand its portfolio of renewable energy with solar, wind and biofuels and turn carbon-neutral by 2040.
Stove Kraft: ICRA has reaffirmed both the long term and short term credit rating of the company and has revised the outlook to positive from stable.
Exxaro Tiles: Incorporates wholly owned subsidiary company in the name of Exxaro Ceramic Ltd.
ITC: To hold its first-ever institutional investors and financial analysts' day starting 10:30 a.m.
PB Fintech: Incorporated wholly owned subsidiary to carry on the business of an account aggregator, which must be licenced by the Reserve Bank of India (RBI). Also approved acquisition of 70.1% stake in MyLoanCare Ventures Pvt. Ltd.
Apollo Hospitals: About 7 lakh shares at Rs 5,050 apiece in a secondary placement are being offered by the seller, according to terms of the deal obtained by Bloomberg News. The floor price is at a 3% discount to the last close of Rs 5,206.7 apiece. The seller has no intention to sell for 60 days after the deal, according to the terms
Crisil: Approved the scheme of amalgamation for merger of its wholly owned subsidiaries, CRISIL Risk and Infrastructure Solutions and Pragmatix Services Pvt. Ltd. with the company.
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