Nifty futures on the Singapore Exchange traded 40 points, or 0.22 percent, lower at 18,183, indicating Dalal Street was heading for a negative start on Monday.
Tata Consultancy Services: The TCS board meeting is scheduled for January 9, 2023 to consider and approve the company’s audited stand-alone financial results for the quarter and nine-month period ended December 31, 2022. It will also consider the declaration of third interim dividend to equity shareholders.
Maruti Suzuki: Maruti Suzuki India Ltd on Sunday reported a 9 percent drop in total wholesale sales by 1,39,347 units in December 2022 compared to the same month a year ago. The company had clocked total sales of 1,53,149 units in the same month in 2021.
Eicher Motors: The company’s motorcycle sales fell 7 percent year-over-year to 68,400 units last month versus 73,739 units sold in December 2021.
Tata Motors: The company reported a 10 percent year-over-year increase in December domestic sales to 72,997 units, up from 66,307 units sold last year. For the quarter, it registered sales growth of 17.7 percent to 223,001 units. Segment-wise, the company’s passenger car sales rose 64 percent year-over-year, while commercial vehicle sales fell 0.6 percent.
Meanwhile, Tata Passenger Electric Mobility Limited (TPEML), a subsidiary of Tata Motors Limited, and Ford India Private Limited (FIPL), will complete the Sanand plant agreement on January 10, 2023. TPEML had signed a unit transfer agreement on August 7. 2022, to buy Ford’s production facility in Sanand, Gujarat.
JSW Group Equities: The Sajjan Jindal-led conglomerate JSW Group is considering a foray into electric vehicle manufacturing, according to a top group official.
Coal India: Total production of the state-owned company in the month of December rose 10.3 percent to 66.4 million tons from 60.2 tons last year. So far, the company’s production in fiscal year (FY23) is up nearly 16 percent over last year. Sales from the previous month, meanwhile, grew 3.6 percent year-on-year to 62.7 tons versus 60.6 tons.
HG Infra Engineering: HG Infra Engineering Limited has been declared an Ll bidder by Delhi Metro Rail Corporation Limited for a projector worth Rs 399 crore.
Plastiblends: The company has recorded the highest ever revenue from operations for the nine months ended 31 December 2022 at Rs 570 crore. For the October-December quarter, revenue was Rs 186 crore.
MOIL: MOIL broke a multi-year record, recording the best December production of 141,321 tons in December 2022. Production is also up 18 percent from November 2022. Sales of 1,64,235 tons for the month also registered a growth of about 91 percent compared to November 2022.
Navkar Corporation: Western Railway has approved the commissioning of Navkar Corporation Limited’s Gati-Shakti-Multi-Modal Cargo Terminal departing from Wadharwa (NCLW) in Ahmedabad Division.
RITES: RITES Ltd has signed a Memorandum of Understanding (MoU) with KIIFCON, a consulting organization under the Kerala Infrastructure Investment Fund Board (KIIFB), to jointly research, identify, secure and execute consulting projects.
Shriram Finance: CRISIL Ratings Limited (CRISIL Ratings) has reaffirmed the CRISIL AA+ rating for the long-term debt of the company and CRISIL A+ for the short-term debt instruments under the new name, namely Shriram Finance Limited (formerly known as Shriram Transport Finance Company Limited) . ).
Punjab Sind Bank: The board of the bank has approved to raise capital in the amount of Rs 250 crore within a period of 12 months.
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