Trending Stocks: Vedanta, Union Bank, Tata Motors and others in news today

Vedanta

The board has approved a third interim dividend of Rs 13 per equity share for the financial year 2021-22. The total outflow for dividends will amount to Rs 4,832 crore. The record date for payment of dividends is fixed as March 10.

ITC

ITC’s dairy business is planning to focus on east India, particularly West Bengal and Bihar, for the next few years. The fresh dairy business of the company started in West Bengal four years back, and the share of the division in the organised sector is substantial and growing.

Swan Energy 

The firm said the board on March 5 will consider fundraising of up to Rs 2,000 crore.

HCL Technologies (HCL) 

The company has been named as the No. 1 player in the United States in Engineering R&D Services in the annual Zinnov Zones for ER&D 2021 ratings. The study also named HCL Technologies as a leader in Digital Engineering Services and global overall Engineering R&D Services.

Tantia Constructions 

The company has bagged a Rs 42.2 crore contract from South Eastern Railway for the construction of a major bridge between Basta and Rupsa.

CDSL

The company’s tally of active Demat accounts has reached the 6-crore mark. Earlier, in November 2021, the company had surpassed 5 crore plus (50 million) active Demat accounts.

Hind Rectifiers 

The electrical equipment manufacturer has received orders worth Rs 57.32 crore in February 2022.

Wipro 

The company has launched its Cloud Car platform, which will be unveiled during the Engineering the Cloud Car Ecosystem panel at MWC Barcelona. Wipro’s Cloud Car platform will bring together its Wipro FullStride Cloud Services and engineering capabilities with a best-in-class partner ecosystem as well as consortiums.

Valiant Communications 

Investor Duane Park acquired 1.21% equity shares in the company via open market transactions. With this, its shareholding in the company stands at 10.35% now, against 9.14% earlier.

Tata Motors 

The company has reported a 27% rise in total sales to 73,875 units in February 2022. The company had dispatched 58,366 units in February 2021.

ABB India 

The company completed the sale of its turbocharger business to Turbocharging Industries and Services India, as a going concern, on a slump sale basis to its wholly-owned subsidiary for Rs 310 crore. In January this year, it had incorporated a wholly-owned subsidiary – Turbocharging Industries and Services India.

Ashok Leyland 

The company has reported a 7% rise in its total sales, including exports, at 14657 units in February 2022 over the same month last year.

Mukand 

The stainless steel company has sold its land in Thane for Rs 806.14 crore. It has executed an agreement for the sale of said land of 47 acres.

Union Bank 

The bank has raised Rs 1,500 crore by issuing Basel III compliant bonds to investors. The bank has allotted unsecured, subordinated, non-convertible, taxable, perpetual, fully paid-up Basel III compliant additional tier-I bonds in the nature of debentures, aggregating to Rs 1,500 crore.

Infosys

The company’s flagship digital reskilling program, Infosys Springboard, is continuously expanding its reach to learners across India by growing its thriving community to over 1.2 million users, since its launch.