Today’s stock news
Tata Motors : Net loss stood at Rs five,006.60 cr for the April-June quarter, higher than internet lack of Rs 4,450.92 cr a year ago. Revenue jumped 8% to Rs 71,934.66 cr.
SpiceJet : DGCA has ordered SpiceJet to operate handiest 50% of its flights for eight weeks. The order comes following more than one incidents with SpiceJet aircrafts.
BPCL : The authorities has authorized an extra investment of round Rs 12,000 crore for the development of a concession assignment in Brazil via Bharat PetroResources. Bharat PetroResources is an entirely owned subsidiary of BPCL.
Telecom stocks : Govt has approved the merger of Bharat Broadband Network Limited (BBNL) and telecom organisation BSNL. A revival package deal of Rs 1.Sixty four lakh cr for BSNL has also been introduced. Listed telecom shares in India: Airtel, Vodafone Idea, Reliance Industries (Jio)
Bajaj Finance : Net income rose 155% to Rs 2,533.40 cr. Net Interest Income (NII) stood at Rs 6,638 cr, up forty eight%.
Maruti Suzuki : Net earnings rose 130% year on 12 months to Rs 1,013 cr. Revenue stood at Rs 26,499.Eight cr, up forty nine%.
Hindustan Aeronautics : Hindustan Aeronautics has signed a agreement really worth over $100 million with Honeywell, a US-primarily based engine maker. HAL will import 88 engines for powering Hindustan Turbo Trainer (HTT-forty).
Exide Industries : Exide Industries introduced that it will set up a lithium-ion battery cell production facility in Bengaluru, Karnataka.
Tata Steel : Tata Steel has signed an agreement with a Bengaluru-primarily based startup Aarav Unmanned Systems for drone-primarily based mining solutions.
Hero MotoCorp : Hero MotoCorp has partnered with Accenture for fee optimization throughout its deliver chain.
