MTAR Tech: MTAR Technologies will make its market debut on Friday. The IPO, which was sold from March 3 to March 5 in the Rs 574 to Rs 575 price band, had attracted a whopping 201 times subscription. The unlisted scrip was enjoying a grey market premium of Rs 485-490 last week.
Vodafone Idea: The telecom major may look at raising its tariffs by the end of the April-June quarter, putting off its plans to raise prices immediately after market leader Reliance Jio dropped its feature phone usage costs by 25 per cent, people aware of the development said.
Sun Pharma, DRL and Aurobindo Pharma: Leading home grown drug makers Sun Pharma, Dr Reddy’s Laboratories, Aurobindo Pharma and Jubilant Pharma are recalling products in the US market, the world’s largest market for pharmaceutical products, for various reasons.
PNB, BoB and Indian Bank: The Niti Aayog has kept public sector banks (PSBs) that were part of the last round of consolidation and State Bank India out of the privatisation plan. These banks are Punjab National Bank, Union Bank, Canara Bank and Indian Bank, and Bank of Baroda and SBI that were part of an earlier round of consolidation.
IIFL Finance: The NBFC gas decided to exercise the option of early closure of its bond issue and close it on March 18 against the scheduled March 23.
Titan Company: The company said it has completed its exit from Montblanc India Retail Private Limited (MB India). Consequently, MB India has ceased to be an associate of the Company w.e.f March 12.
SBI Card: The company board has approved raising of funds by way of issuance of Non-Convertible Debentures (NCDs) aggregating to Rs. 2,000 Crores in one or more tranches over a period of time.
JSW Steel: India Ratings and Research (Ind-Ra) has affirmed AA rating on JSW Steel Ltd’s (JSWL’s) long-term issuer rating and Rs 10,000 crore non-convertible debentures (NCDs).
MCX: In what could be an early sign of shrinking retail trades because of Sebi’s stringent intraday margin reporting norms, the country’s largest energy and metals exchange, MCX, has witnessed an 18 per cent fall in average daily turnover in six sessions through March 12 from average daily trades in the current scal year.
BHEL: Bharat Heavy Electricals Limited (BHEL) on Friday lit up the boiler at its North Chennai Thermal Power Station (NCTPS) in Tamil Nadu.
Tata Motors: Homegrown auto major Tata Motors is optimistic that the supply constraint of semiconductors that has impacted its commercial vehicles production will be back to normal by the second half of the next fiscal, according to a senior company official.
