Telecom stocks, Coal India, NMDC, Infosys

Headlines


Supreme Court gives telcos 10 years to pay dues, orders 10% upfront payment.

Coal India’s August provisional offtake rose to 44.3 million tonnes vs. 40.6 million tonnes YoY.

NMDC’s total August iron ore sales at 1.79 million tonne vs. 1.49 million tonne YoY.

Infosys increased the US hiring commitment to 25,000 by 2022.

Hero MotoCorp’s sales in August 2020 jumped to 5.84 lakh units vs. 5.43 lakh units YoY.

Tau Investments Holdings Pte Ltd & PACs acquired 10 percent stake in JB Chemcials and Pharma via off-market transactions during August 31 and September 1, at a price of Rs745 per share.

TVS Motor total sales at 2.87 lakh units in August 2020 against 2.90 lakh units in August 2019.

VST Tillers and Tractors’ Power Tillers sales at 2,638 units in August 2020 against 1,437 units in August 2019. Tractors at 897 units against 813 units in the same period.

Indian Oil Corporation to invest Rs1,268cr for Grassroot Needle Coker Unit at its Paradip Refinery in Odisha.

Embassy Office Parks REIT Board approved issuance of NCDs worth Rs1,500cr in one or more tranches.

Apollo Hospitals demerged its standalone pharmacy business which will now be known as Apollo Medicals. Both entities have filed certified copies of respective NCLT orders sanctioning the scheme with the Registrar of Companies

Cosmo Films Board approved resuming further investment into the new line for Specialized BOPET film at its Aurangabad plant which was on hold since November 2018.

JSW Energy’s Pritesh Vinay appointed as the CFO of the company from September 16.

Just Dial Board approved proposal to amend a clause in the memorandum of association of the company, where the company intends to enable online and offline distribution of assurance products, mutual funds, and other financial products on its platforms.

V-Mart Retail: To consider raising capital on September 5.

Results today: Coal India, Arvind Fashions, Bannari Amman Sugars, Dish TV India, Infibeam Avenues, Jubilant FoodWorks, Kernex Microsystems, Navkar Corporation, Sadbhav Engineering, Sandur Manganese, Satin Creditcare Network etc will announce their June quarter earnings on September 1. 





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