Tata Steel
Global ratings agency Fitch Ratings has upgraded the issuer rating on the steel major to “BBB-” from “BB+”, with a stable outlook. The company’s plans to turnaround the UK operations with investments and part funding from the UK government has triggered the rating upgrade.
Maruti Suzuki India
The automaker is planning capital expenditure amounting to approximately Rs 1.25 lakh crore until 2030-31. The expansion plan involves expanding its current product lineup from 17 models to 28, while increasing its production capacity.
Read more: Here’s the trade setup for today’s session
ITC
ITC Hotels announced the signing of its first ‘Storii’ property in Kolkata, West Bengal. The property will be located near the metropolis and is slated to open in early 2024.
Mahindra & Mahindra
The company’s arm that makes three-wheelers and small commercial vehicles in various fuel options including electric, has received the first tranche of Rs 300 crore from International Finance Corporation.
Telecom
Bharti Airtel and Vodafone Idea have asked the Supreme Court to hear in the “open court” their curative petitions against the top court’s earlier order which rejected their limited review petitions for rectification of arithmetical errors in calculation of their adjusted gross revenue (AGR) dues made by the Department of Telecommunications (DoT).Federal Bank
The largest and the oldest private sector lender in Kerala, will completely stop funding for thermal power projects by 2030, according to a senior bank official.
Genus Power Infrastructure
The company’s wholly-owned subsidiary has won two orders totalling Rs 3,115 crore to design advanced metering infrastructure and commissioning smart prepaid meters. The company’s total order book stood at Rs 14,000 crore and it expects strong inflows in the current financial year.
Container Corporation of India
Total cargo volumes handled by the company rose neary 8% on year in the September quarter to 1.23 million twenty feet equivalent units. The throughput for export and import trade in the quarter rose 3.5%, with domestic volumes surging 26%.
Dilip Buildcon
The company has bagged an order worth Rs 397 crore from the Rajasthan government to build dams on a engineering, procurement and construction basis. The project is to be completed in about four years.
Zee Learn
The company has defaulted on repayment of interest and principal aggregating Rs 25 crore. As of September 30, its total outstanding dues stood at Rs 207 crore.
Mazagon Dock Shipbuilders
The company has inked a letter of intent with a European client to construct six units of dead weight tonnage multipurpose hybrid power vessels.
Dr Reddy’s Laboratories
An anti-trust suit was filed against the company’s step-down subsidiary Dr Reddy’s Laboratories Inc. The complaint alleged that certain agreements improperly delayed generic entry until 2022 and then limited generic competition through 2026.
Bank of Baroda
The government has appointed Lal Singh as the executive director of the bank for a period of three years. Currently, Singh is the chief general manager at Union Bank of India.
Spectrum Foods
The board will meet on Tuesday to consider and approve a fundraising proposal via rights issue of shares.
GM Breweries
The board of directors will meet on Tuesday to consider and approve the earnings for the quarter ended September.