Monday, December 26, 2022

Today's news on equities includes Tata Motors, Union Bank of India, HDFC, and others

Tata Motors, Union Bank of India, HDFC and other stocks in news today

 Delhi, India: The broader index in India is expected to open flat, according to SGX Nifty trends. The BSE Sensex lost 981 points on Friday, the most in a single day since September 23, to 59,845 points, while the Nifty50 lost 321 points.

The Asian markets saw muted trading, with the Nikkei up 0.4% and Taiwan, Kospi, and Shanghai Composite trading flat.

As investors digested a flood of economic data ahead of the Christmas holiday long weekend, Wall Street shuffled to a modestly higher close on Friday, and Treasury yields advanced. This culminated a week marked by concerns regarding the Fed's restrictive monetary policy and related concerns regarding a recession.

The S&P 500 gained 22.43 points, or 0.59%, to 3,844.82, the Nasdaq Composite gained 21.74 points, or 2.11%, to 10,497.86, and the Dow Jones Industrial Average gained 176.44 points, or 0.53%, to 33,203.93.

News about Tata Motors stocks: The Delhi Transport Corporation (DTC) has awarded TML CV Mobility Solutions, a subsidiary of Tata Motors, a contract to operate 1,500 electric buses in New Delhi. For a period of twelve years, TML will supply, operate, and maintain 1,500 low-floor, air-conditioned electric buses with a length of 12 meters.

Association Bank of India: Through the sale of Additional Tier 1 bonds that comply with Basel III, the bank was able to raise Rs 663 crore.

NDTV: The organizers behind the organization, Radhika Roy and Prannoy Roy, will move 27.26% of their stake in the organization to Adani Gathering possessed RRPR Holding. Thus, Adani Gathering will hold 64.71% stake in the news telecaster.

Company Name: The company has decided not to merge its subsidiary Allsec Technologies, but it did not explain why.

Laboratory Alkem: For Rs 160 crore, the company will sell its 8 percent stake in Enzene Biosciences to two funds. India and the United States capacity expansions will benefit from the sale's proceeds.

Wipro: For $1.5 million, the company has acquired a minority stake in US-based Kibsi Inc. The goal of the acquisition is to form a partnership in the field of computer vision applications.

HDFC Group: The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed giving mortgage lender HDFC Ltd. a $400 million loan with the intention of encouraging the growth of green housing in India. With 75% (roughly $300 million) of the proceeds designated for this sector, the capital will assist HDFC in expanding its portfolio of green affordable housing.

India's Railtel Corporation: RailTel Corporation of India Ltd., a wholly owned subsidiary of Indian Railways, has received an order for the capacity enhancement of the West Bengal State Data Centre (WB-SDC) from Webel Technology Ltd. (WTL). The work order is worth Rs 98.56 billion.

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