Share Market Live: Sensex, Nifty Set To Fall; I.T., Metal Stocks In Focus

5 days ago 2

LIVE FEED

03:14 AM

Mahindra & Mahindra Financial Says Vehicle Repossession May Temporarily Fall After RBI Order

Mahindra & Mahindra Financial said it repossesses astir 4,000-5,000 vehicles per month, utilizing the third-party agencies and its ain employees.

The institution expects this fig to spell down temporarily by astir 3,000 to 4,000 per month, aft the RBI bid stalling third-party agencies from betterment activities.

It said it does not expect immoderate interaction connected the collections successful this business.

The bid is besides not expected to person immoderate worldly interaction connected financials oregon connected Net Stage 3.

Source: Press release

03:13 AM

In Focus: Metal Stocks

Shares of metallic and automotive proviso concatenation firms volition beryllium successful absorption aft Tata Steel o.k. connection to merge 7 radical companies with itself.

In Focus: JSW Steel, Hindustan Zinc, Vedanta, Hindalco, Jindal Steel, SAIL

Source: Bloomberg

02:58 AM

Reliance New Energy To Invest In U.S.-Based Perovskite Solar Cell Maker

RIL subsidiary Reliance New Energy volition put astir Rs 100 crore ($12 million) to get a 20% involvement successful Caelux Corporation, a institution engaged successful the improvement of perovskite-based star technology.

Reliance and Caelux person besides entered into a strategical concern statement for method collaboration and commercialization of Caelux’s technology.

The concern volition besides assistance Reliance to nutrient much almighty and little outgo star modules leveraging Caelux’s products successful its integrated photovoltaic Giga mill astatine Jamnagar, Gujarat.

The transaction volition not necessitate immoderate regulatory support and is expected to beryllium completed by the extremity of September 2022.

Source: Press release

02:57 AM

Tata Steel Board Approves The Merger Of Seven Of Its Subsidiaries With Itself

Tata Steel committee approves the merger of the pursuing companies with itself:

  • Tata Metaliks

  • Tata Steel Long Products

  • Tinplate Company of India

  • TRF

  • The Indian Steel & Wire Products

  • Tata Steel Mining and S&T Mining Company

  • S&T Mining Company

Source: Exchange filing

02:57 AM

Trade Setup For Friday

02:57 AM

Sensex, Nifty Set To Open Lower; I.T. Stocks, Tata Steel, M&M Financial, Hero Moto In Focus

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