Bank stocks: The Supreme Court will on Tuesday pronounce verdict on a batch of pleas by various trade associations, including from real estate and power sectors, seeking extension of loan moratorium and other reliefs in view of the COVID-19 pandemic.
IndusInd Bank: Moody’s Investors Service revised upwards its outlook on
to ‘stable’ from ‘negative’ while affirming its rating. The change in the outlook is driven by improvement in its funding and capital, and the marginal hit on asset quality during the pandemic, Moody’s said in a note.
BPCL: The board of privatisation-bound Bharat Petroleum Corporation (BPCL) on Monday approved the merger of its gas subsidiary, BGRL with itself in a bid to streamline corporate structure.
Maruti Suzuki: The country’s largest carmaker
(MSI) on Monday said it will “substantially” increase the prices of its entire product portfolio from next month in order to offset the impact of high input costs.
Man Industries:
(India) said it has won new contracts worth Rs 500 crore in domestic and overseas markets. Its order book with these contracts stands at Rs 1,250 crore.
Adani Enterprises: Italian firm Maire Tecnimont S.p.A. said the company through its subsidiaries has signed a MoU with to explore the development of industrial projects using NextChem and Stamicarbon’s technologies and MET DEV’s project development capabilities and expertise to industrialise green chemistry and circular economy sectors in India.
FRL: The Future group on Monday said the NCLT can continue its hearing over the sale and merger of its retail business with
‘ retail arm after a division bench of the Delhi High Court stayed the previous order with regard to the Rs 24,713 crore deal.
Bharti Airtel: The telecom firm said it will acquire an additional 3.3 per cent stake in special purpose vehicle Avaada MHBuldhana that has been formed for owning and operating a captive power plant. The Sunil Bharti Mittal-led firm had earlier acquired 5.2 per cent stake in Avaada MHBuldhana for Rs 4.55 crore in an all-cash deal.
