Promotions starting today: July 3, 2023

Car sales data released by car companies for June reflect different trends across the spectrum. Maruti Suzuki India sold 1.5 lakh units in June, up nearly 2 percent from 1.56 lakh units a year ago; Tata Motors saw 8 percent year-on-year growth in passenger vehicle sales in the June quarter of 2023 compared to the June quarter of the previous year; Eicher Motors Ltd sold 6,715 vehicles in June 2023 compared to 6,307 in June 2022, registering a growth of 6.5% year-on-year; SML ISUZU has reported sales of 1,279 units in June 2023, down 3 percent from the 1,322 units sold in June 2022; Atul Auto sold 1,267 vehicles in June 2023 compared to 1,818 vehicles in June 2022, which is 30.31% less than the previous year; VST Tillers Tractors sold 4,638 units in June 2023 compared to 4,358 units in June 2022; Escorts Kubota’s Construction Machinery business division figure is 491 machines, registering an increase of 53.0 percent compared to 321 machines sold in June 2022; and Hero MotoCorp reported total sales of 4,36,993 units in June 2023, a decline of 9.9%.

Online food delivery company Zomato Ltd has launched an open data analytics platform for food trends to help its restaurant partners take a data-driven approach to pricing, food and location.

Zomato Food Trends is an open platform available free of charge to the general public and will “provide insights by analyzing data from millions of transactions across hundreds of Indian cities,” the company said in a statement.

The board of Aastamangalam Finance has approved up to 27,90,750 equity shares of face value of Rs 10 per share at a price of Rs 40 in cash on a preferential basis, subject to approval by shareholders.

Granules India Limited, a leading vertically integrated pharmaceutical company, has completed the US Food and Drug Administration (US FDA) Pre-Approval Inspection (PAI) and GMP Audit for its Unit IV located in Visakhapatnam, Andhra Pradesh, India with zero 483 observations. Recently, Granules India’s Jeedimetla plant located in Telangana, Hyderabad, India also successfully completed a US FDA surveillance inspection with zero 483 observations.

The board of Kansai Nerolac Paints has approved the sale of a transaction of 96,810 sq.m., including the sale of an additional area of ​​910 sq.m. amounting to 97,090 sq.m., as well as the transfer of land surveying rights. 6300 sq.m. at Kavesar, Thane for a total consideration of Rs.671 Crores to the buyer (Shoden Developers Private Limited, a House of Hiranandani group company).

Siemens Limited has completed the acquisition of the electric vehicle division of Mass-Tech Controls Private Limited in accordance with definitive agreements entered into between the parties for a consideration of 38 billion, subject to adjustments mutually agreed upon by the parties to the transaction.

Facor Alloys has announced that Vizianagaram (AP) plants will be temporarily shut down on 15.07.2023 till further notice due to rapid increase in power tariff by DISCOM Andhra Pradesh (AP) for ferroalloy industry resulting in unfavorable situation to run the plant in view of high input costs and negative profit at the prevailing market price.

Eisenwerk Erla GmbH (EEL), a subsidiary of Dynamatic Technologies Limited, had applied for a “protective shield process” under German law. Considering the various problems related to the ongoing conflict in Ukraine and the resulting inflation and supply chain crisis in Europe and more specifically in Germany, as well as the rapid and unpredictable increase in the price of gas and electricity, the EPC, based on the professional advice of experts, proposed the above. corporate safeguards.

Aditya Birla Capital Limited has announced the completion of a funding round of Rs. 3,000 crores through Qualified Institutional Placement (“QIP”) of equity units totaling 1,750 crores and issue of preference shares aggregating Rs. 1,250 crores to its company Promoter and Promoter Group, Grasim Industries Limited and Surya Kiran Investments Pte. Ltd., respectively.

GTPL Hathway Limited has entered into a share purchase and subscription agreement for shareholders’ agreement to purchase Rs.4,37,676. 10 each of Metro Cast Network India Private Limited = at the rate of Rs 571.1982 per share for cash consideration which is raised to 25 billion from the existing shareholders and subscribe for Rs 4,02,428. 10 each at the rate of Rs 571.1982 per share for non-cash consideration, ie in lieu of sale/transfer of set-top boxes by the company to Metro Cast, totaling Rs 22.987 crore.

Shiva Cement Limited has commissioned a 1.36 mtpa clinker plant and 9 MW heat recovery at Sundargarh, Odisha. The company has already received CTO from the State Pollution Control Board for 0.66 MTPA clinker and 9 MW WHRS and the balance is awaited.

GQG Partners Emerging Markets Equity Fund has bought 72.59,000 shares and Goldman Sachs Trust II – Goldman Sachs GQG Partners International Opportunities Fund bought 1.4 billion shares Adani transmissionusing open market transactions, according to the bulk transaction data available on the stock exchanges.

Reliance Industries and bp plc announced the start of production in MJ. The MJ field is the last of three major new deepwater projects brought into production by the RIL-bp consortium in the KG D6 block off India’s east coast. Together, the three fields are expected to produce approximately 30 million standard cubic meters of gas per day (1 billion cubic feet per day) when the MJ field reaches peak production.

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