Trending Stocks: NTPC, TATA, Wipro Maruti Suzuki and others in news today
- Wipro has completed the acquisition of LeanSwift Solutions and Edgile
- PNB has received approval from the board of directors to divest the entire stake in ISARC
- Maruti Suzuki India posted total sales of 1,53,149 units in December 2021
The company is mulling to acquire a 5% equity stake in Power Exchange of India Ltd (PXIL) that provides various electricity trading options. NTPC arm Nabinagar Power Generating Co (NPGC) has declared an interim dividend of Rs 100 crore for 2021-22.
Motorcycles sales increased 7% to 73,739 units in December 2021, from 68,995 units in December 2020. Commercial vehicle sales increased to 6,154 units during December 2021, up from 4,892 units sold in December 2020.
The company has divested its entire equity shareholding in Exide Life Insurance Company, a material wholly-owned subsidiary, by way of sale to HDFC Life Insurance Company.
The company registered the highest sales volume ever of 34,612 metric tonnes in Q3 FY22, increasing by 77.39% YoY.
The company has completed the acquisition of LeanSwift Solutions and Edgile.
Honda India Power Products Ltd.
Honda Cars India Ltd (HCIL) on Saturday reported a 26% year-on-year increase in its domestic wholesales at 89,152 units in 2021.
Mahindra & Mahindra
Mahindra Auto sold 39,157 vehicles in December 2021, registering a double-digit growth of 11% YoY. Tractor sales fell to 16,687 units during December 2021, down from 21,173 units during December 2020.
Punjab National Bank (PNB)
The bank has received approval from the board of directors to divest the entire stake in India SME Asset Reconstruction Company (ISARC).
Maruti Suzuki India
The company posted total sales of 1,53,149 units in December 2021, against 1,60,226 units sold in December 2020.
The company has received orders worth Rs 250 crore, from various city gas distribution companies during the quarter October-December 2021.
HDFC Life Insurance has completed the acquisition of Exide Life by allotting over 8.7 crore shares of the company to Exide Industries, the insurer said on January 1.
The company sold 1,99,633 vehicles in the domestic and international markets, for Q3 FY22, higher compared to 1,58,218 units during Q3 FY21.
The company sold 4,695 tractors in December 2021, down 39.3%, compared to 7,733 tractors sold during December 2020.