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October 11, 2021

Tata Consultancy Services | The company reported higher consolidated profit at Rs 9,624 crore in Q2FY22 against Rs 8,433 crore in Q2FY21, revenue jumped to Rs 46,867 crore from Rs 40,135 crore YoY.

Consolidated Finvest & Holdings | India Opportunities Growth Fund Ltd – Pinewood Strategy acquired 4.1 lakh equity shares in the company at Rs 171.19 per share on the NSE, the Bulk deals data showed. However, Manu Vyapar sold 2.25 lakh equity shares in the company at Rs 171.2 per share.

Nazara Technologies | WHV-EAM International Small Cap Equity Fund acquired 2,14,823 equity shares in the company at Rs 3,011.27 per share on the NSE, the bulk deals data showed.

Reliance Industries | Subsidiary Reliance New Energy Solar (RNESL) has announced acquisition of 100 percent shareholding of REC Solar Holdings AS (REC Group) from China National Bluestar (Group) Company, for an enterprise value of $771 million.

Vakrangee | To maximize shareholder value, Vakrangee announced the demerger of both the businesses (Vakrangee Kendra Business as well as E-Governance & IT/ITES Business) into a separate entity. Profit in Q2 grew by 100.90 percent to Rs 26.74 crore and revenue rose by 195.01 percent to Rs 207.19 crore in Q2FY22 YoY.

GOCL Corporation | Subsidiary IDL Explosives has bagged order from Coal India, for supply of bulk explosives, to be supplied over a period of 2 years. News first uploaded on Telegram: Neerajjoshi5014

IRB Infrastructure Developers | Subsidiary ATR Infrastructure has successfully completed concession period of Pune Nashik BOT project and handed over the project to the Ministry of Road Transport & Highways (MORTH).

Jubilant Ingrevia | The company has entered into share purchase, subscription and shareholder’s agreement with AMP Energy C&I, and AMP Energy Green Fifteen for acquisition of 26.60 percent stake of AMP Energy Green Fifteen for putting up the solar power plant with capacity of 15.5 MW under captive scheme.

Maruti Suzuki India | The company produced 81,278 vehicle in September 2021 against 1,66,086 vehicles produced in September 2020.

KPI Global Infrastructure | The company has bagged an new order for executing solar power project of 10 MW capacity under ‘Captive Power Producer (CPP)’ segment from Creative Technologies, Surat.

Tata Motors | Retail sales for the second quarter ending September 2021 were 92,710 vehicles, 18.4 percent lower than the 1,13,569 vehicles sold in Q2 last year. Retails were lower year-on year in most regions, including North America (down 15.6 percent), China (down 6.3 percent), Europe (down 17.0 percent), and in the UK (down 47.6 percent), but were up in overseas region (up 10 percent).